Titoli di Stato area Euro GRECIA Operativo titoli di stato - Cap. 1
- Creatore Discussione Imark
- Data di Inizio
- Stato
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Forumer storico
tommy271
Forumer storico
Leggevo in giro che molto probabilmente la BCE rimarrà ferma nel suo programma di acquisti mentre potrebbe aumentare i finanziamenti verso le banche italiane e spagnole (in attesa del via libera all'EFSF sul secondario) in modo che queste possano supportare i propri TdS.
Ipotesi suggestiva e praticabile.
Nel frattempo, tassi fermi.
tommy271
Forumer storico
Deutsche Postbank Swings To Net Loss In 2Q, Greek Bond Burden
FRANKFURT -(Dow Jones)- Germany's Deutsche Postbank AG (DPB.XE) said Thursday it swung to a slight net loss in the second quarter, burdened by EUR186 million in writedowns on Greek sovereign debt.
MAIN FACTS:
-As of June 30, the principal amount of Greek sovereign bonds held by Postbank was EUR923 million, of which EUR58 million were classified as available for sale and EUR865 million as loans and receivables.
-The bank said the EUR186 million writedown was made "in light of the planned voluntary involvement of the private sector," in Greek debt relief.
--Following writedowns to fair value, Postbank says it holds EUR697 million in Greek debt, of which EUR52 million is deemed available for sale and EUR645 million as loans and receivables. The book value of Greek debt held is EUR788 million.
-Postbank reported a net loss of EUR7 million for the second quarter after net profit of EUR57 million a year earlier.
-Profit before tax declined to EUR2 million, from EUR142 million in the first quarter, and EUR94 million in the second quarter of 2010.
-First-half net profit was EUR98 million, down 36% from EUR153 million in the same period of 2010.
-Net interest income rose to EUR700 million in the second quarter, just above EUR671 million a year earlier.
-Allowances for losses on loans and advances amounted to EUR106 million in the April to June period after EUR175 million a year earlier.
-First-half earnings per share were EUR0.45 in the January to June period after EUR0.70 a year earlier.
-Postbank is majority-owned by Deutsche Bank AG (DB).
FRANKFURT -(Dow Jones)- Germany's Deutsche Postbank AG (DPB.XE) said Thursday it swung to a slight net loss in the second quarter, burdened by EUR186 million in writedowns on Greek sovereign debt.
MAIN FACTS:
-As of June 30, the principal amount of Greek sovereign bonds held by Postbank was EUR923 million, of which EUR58 million were classified as available for sale and EUR865 million as loans and receivables.
-The bank said the EUR186 million writedown was made "in light of the planned voluntary involvement of the private sector," in Greek debt relief.
--Following writedowns to fair value, Postbank says it holds EUR697 million in Greek debt, of which EUR52 million is deemed available for sale and EUR645 million as loans and receivables. The book value of Greek debt held is EUR788 million.
-Postbank reported a net loss of EUR7 million for the second quarter after net profit of EUR57 million a year earlier.
-Profit before tax declined to EUR2 million, from EUR142 million in the first quarter, and EUR94 million in the second quarter of 2010.
-First-half net profit was EUR98 million, down 36% from EUR153 million in the same period of 2010.
-Net interest income rose to EUR700 million in the second quarter, just above EUR671 million a year earlier.
-Allowances for losses on loans and advances amounted to EUR106 million in the April to June period after EUR175 million a year earlier.
-First-half earnings per share were EUR0.45 in the January to June period after EUR0.70 a year earlier.
-Postbank is majority-owned by Deutsche Bank AG (DB).
p_dinamite
Forumer attivo
speriamo davvero
Nobody's
Γένοιο οἷος εἷ
Ma che ca.zzo...e vero....primo giovedi del mese......tassi.......ore 13.45.......ma che cavolo ho in tedta oggi......
Sono gia in ferie con la testa......porca vacca......
tommy271
Forumer storico
Coca-Cola Hellenic Sees Greek Tax Hike Hurting Sales
ATHENS -(Dow Jones)- Greece's ongoing austerity program is expected to further hit Coca-Cola Hellenic SA (CCH), the world's second largest bottler of Coke products, as an expected increase in sales taxes next month weighs on consumption, the head of the company said Thursday.
From September, Greece's cash-strapped government will hike value-added taxes on soft-drinks and juices by 10 percentage points to 23%--an increase which economists say could translate into a 15% decline in consumer demand for those products.
Speaking to Dow Jones Newswires, CCH Chief Executive Dimitris Lois said that he expects the company to see a significant drop in sales, but added it was "too early" to give a precise forecast.
"It is not a one to one relationship," he said, referring to the ten percentage point rise in VAT rates. "But it is not immaterial."
Since the start of the Greek debt crisis in early 2010, Greece has already hiked certain VAT rates by six percentage points, something that has already dented CCH's sales volume in Greece. In order to conform with the terms of a joint European and International Monetary Fund aid program, the government will now also tax non-alcoholic beverages at a 23% rate from September, up from 13% previously.
Lois said that the higher VAT rates would be fully passed on to consumers. Greece accounts for about 8% of CCH's group volume sales.
CCH, which is present in 28 countries, missed expectations earlier on Thursday reporting an 18% drop in second-quarter net profit of EUR141.1 million. Analysts were expecting the figure to come in at EUR132 million, according to poll prepared by Dow Jones Newswires. Sales reached EUR 1.98 billion, up 3%.
At 0757 GMT, shares in CCH were up 1.4% at EUR16.63, pushing its market value to over EUR6 billion.
***
Corporate.
ATHENS -(Dow Jones)- Greece's ongoing austerity program is expected to further hit Coca-Cola Hellenic SA (CCH), the world's second largest bottler of Coke products, as an expected increase in sales taxes next month weighs on consumption, the head of the company said Thursday.
From September, Greece's cash-strapped government will hike value-added taxes on soft-drinks and juices by 10 percentage points to 23%--an increase which economists say could translate into a 15% decline in consumer demand for those products.
Speaking to Dow Jones Newswires, CCH Chief Executive Dimitris Lois said that he expects the company to see a significant drop in sales, but added it was "too early" to give a precise forecast.
"It is not a one to one relationship," he said, referring to the ten percentage point rise in VAT rates. "But it is not immaterial."
Since the start of the Greek debt crisis in early 2010, Greece has already hiked certain VAT rates by six percentage points, something that has already dented CCH's sales volume in Greece. In order to conform with the terms of a joint European and International Monetary Fund aid program, the government will now also tax non-alcoholic beverages at a 23% rate from September, up from 13% previously.
Lois said that the higher VAT rates would be fully passed on to consumers. Greece accounts for about 8% of CCH's group volume sales.
CCH, which is present in 28 countries, missed expectations earlier on Thursday reporting an 18% drop in second-quarter net profit of EUR141.1 million. Analysts were expecting the figure to come in at EUR132 million, according to poll prepared by Dow Jones Newswires. Sales reached EUR 1.98 billion, up 3%.
At 0757 GMT, shares in CCH were up 1.4% at EUR16.63, pushing its market value to over EUR6 billion.
***
Corporate.
tommy271
Forumer storico
CRISI: BARROSO, ORMAI NON INVESTE PIU' SOLO PERIFERIA EURO
(ASCA) - Roma, 4 ago - La crisi ormai ''non e' piu' limitata alla periferia dell'Eurozona''. Lo ha detto il presidente della Commissione Ue, Jose Manuel Barroso, che giudica per questo ''incompleta'' la risposta concordata dai leader dell'Eurozona.
In una lettera inviata ai membri del Consiglio Europeo, Barroso ha sottolineato che ''gli sviluppi del mercato dei titoli di Italia, Spagna e di altri stati membri dell'area euro sono causa di forte proccupazione'' rilevando che il pacchetto di misure per la Grecia e la maggiore flessibilita' del Fondo d'emergenza ''non stanno avendo gli effetti attesi sui mercati''.
''Qualsiasi siano i fattori dietro il mancato successo - rileva Barroso - e' chiaro che stiamo affrontando una crisi che non e' piu' limitata alla periferia dell'Eurozona''.
Rivolgendosi agli stati membri del Consiglio Europeo, Barroso chiede ''di accelerare le procedure di approvazione per l'implementazione delle decisioni prese in modo da rendere operativi al piu' presto i miglioramenti apportati al EFSF (Fondo salva-stati ndr.)''.
''Colgo questa opportunita' per sollecitare un rapido riassestamento di tutti gli elementi collegati al Fondo d'emergenza, e contemporaneamente di quelli del Fondo strutturale, in modo da far si' che siano dotati dei mezzi necessari per affrontare i rischi di contagio''.
fgl/
(ASCA) - Roma, 4 ago - La crisi ormai ''non e' piu' limitata alla periferia dell'Eurozona''. Lo ha detto il presidente della Commissione Ue, Jose Manuel Barroso, che giudica per questo ''incompleta'' la risposta concordata dai leader dell'Eurozona.
In una lettera inviata ai membri del Consiglio Europeo, Barroso ha sottolineato che ''gli sviluppi del mercato dei titoli di Italia, Spagna e di altri stati membri dell'area euro sono causa di forte proccupazione'' rilevando che il pacchetto di misure per la Grecia e la maggiore flessibilita' del Fondo d'emergenza ''non stanno avendo gli effetti attesi sui mercati''.
''Qualsiasi siano i fattori dietro il mancato successo - rileva Barroso - e' chiaro che stiamo affrontando una crisi che non e' piu' limitata alla periferia dell'Eurozona''.
Rivolgendosi agli stati membri del Consiglio Europeo, Barroso chiede ''di accelerare le procedure di approvazione per l'implementazione delle decisioni prese in modo da rendere operativi al piu' presto i miglioramenti apportati al EFSF (Fondo salva-stati ndr.)''.
''Colgo questa opportunita' per sollecitare un rapido riassestamento di tutti gli elementi collegati al Fondo d'emergenza, e contemporaneamente di quelli del Fondo strutturale, in modo da far si' che siano dotati dei mezzi necessari per affrontare i rischi di contagio''.
fgl/
tommy271
Forumer storico
Bank Austria (Unicredit), profitti sem1 +52%, Core Tier 1 a 10%
giovedì 4 agosto 2011 12:49
VIENNA, 4 Agosto (Reuters) - Bank Austria, del gruppo UniCredit CRD.MI, ha incrementato i suoi profitti semestrali del 52%, a 640 milioni di euro da 422 milioni, grazie al positivo andamento degli impieghi e alla diminuzione degli accantonamenti, più che compensando la svalutazione sui bond sovrani della Grecia. L'istituto leader sul mercato dell'Europa centro-orientale (CEE) ha avuto accantonamenti più bassi di un quinto rispetto a un anno fa, portando l'utile operativo netto a crescere del 15%.
Il risultato sconta l'effetto straordinario della svalutazione di 100 milioni di euro sui bond governativi greci, effettuata dal gruppo nell'ambito del suo contributo al pacchetto di salvataggio di Atene.
Il Ceo Willibald Cernko ha detto che la crescita dell'utile arriva dopo un periodo di bassa crescita e che i guadagni non hanno ancora raggiunto i livelli pre-crisi.
"Dobbiamo incrementare la nostra capacità di fare utili per venire incontro alle richieste di un maggior accumulo di capitali", ha detto il Ceo.
Il Core Tier 1 di Bank Austria si è attestato a 10,02%, in leggera discesa da 10,04% alla fine del 2010. Il Cfo Francesco Giordano ha detto che la banca è in una buona posizione per riuscire a soddisfare le regole di Basilea III sulle riserve patrimoniali degli istituti.
Gianni Franco Papa, presidente della divisione CEE di Bank Austria, ha detto che a guidare la performance regionale sono state Russia e Croazia.
L'Ebit della divisione CEE è cresciuto del 34% nel semestre.
giovedì 4 agosto 2011 12:49
VIENNA, 4 Agosto (Reuters) - Bank Austria, del gruppo UniCredit CRD.MI, ha incrementato i suoi profitti semestrali del 52%, a 640 milioni di euro da 422 milioni, grazie al positivo andamento degli impieghi e alla diminuzione degli accantonamenti, più che compensando la svalutazione sui bond sovrani della Grecia. L'istituto leader sul mercato dell'Europa centro-orientale (CEE) ha avuto accantonamenti più bassi di un quinto rispetto a un anno fa, portando l'utile operativo netto a crescere del 15%.
Il risultato sconta l'effetto straordinario della svalutazione di 100 milioni di euro sui bond governativi greci, effettuata dal gruppo nell'ambito del suo contributo al pacchetto di salvataggio di Atene.
Il Ceo Willibald Cernko ha detto che la crescita dell'utile arriva dopo un periodo di bassa crescita e che i guadagni non hanno ancora raggiunto i livelli pre-crisi.
"Dobbiamo incrementare la nostra capacità di fare utili per venire incontro alle richieste di un maggior accumulo di capitali", ha detto il Ceo.
Il Core Tier 1 di Bank Austria si è attestato a 10,02%, in leggera discesa da 10,04% alla fine del 2010. Il Cfo Francesco Giordano ha detto che la banca è in una buona posizione per riuscire a soddisfare le regole di Basilea III sulle riserve patrimoniali degli istituti.
Gianni Franco Papa, presidente della divisione CEE di Bank Austria, ha detto che a guidare la performance regionale sono state Russia e Croazia.
L'Ebit della divisione CEE è cresciuto del 34% nel semestre.
tommy271
Forumer storico
Greece To Pass Omnibus Reform Bill, But Faces Legal, Union Challenges
-- Greek parliament seen passing omnibus reform bill
-- Reform bill faces opposition from unions, European Commission
-- Online betting companies may challenge gambling reforms
By Alkman Granitsas
Of DOW JONES NEWSWIRES
ATHENS (Dow Jones)--Greece's parliament will pass Thursday a hastily assembled reform bill to overhaul everything from online gambling to tourism developments, but the opposition the plan is likely to provoke underscores the government's difficulties in pushing through ambitious reforms.
Greece's civil servants' union, ADEDY, already plans protests over the legislation's proposed cuts in public-sector bonuses, while foreign betting companies are threatening to sue over the gambling reforms. Opposition lawmakers say the legislation may be unconstitutional.
"The way things are being done, it's all happening on a very ad-hoc basis," said political commentator and City Press newspaper editor George Kyrtsos. "But the real issue is whether the law will even be implemented."
In late June, parliament narrowly passed a controversial five-year budget plan as a precondition for fresh aid from the European Union and the International Monetary Fund. Last month, European leaders rewarded that effort with a new EUR109 billion assistance program.
The omnibus bill, which brings together a raft of reforms not included in that medium-term budget plan, is expected to pass the 300-member parliament. The Socialist government controls 154 seats.
Analysts say a wave of protests against the latest reforms is likely to arise after the summer. Greece may also face legal challenges from the European Commission over the gambling reforms, which appear to contravene EU law.
Specifically, the government plans to legalize slot machines and online gambling--which are now banned in Greece--with an aim to collect EUR700 million from license concessions and taxes on the new gambling income.
But the commission has already voiced its opposition to the new law's structure. The proposed legislation would set limits on the number of new licensees and other restrictions on newcomers. It would also grant certain exclusive privileges to Greece's state-owned gambling monopoly, OPAP SA (OPAP.AT), which the government hopes to privatize this year.
Critics say the privileges greatly strengthen OPAP's position to the detriment of competitors, while also infringing on EU law. Worse, they argue that an unfriendly regulatory environment may put off potential investors.
The proposed law is in "stark contravention of EU law" because it aims to protect a monopoly, said Martin Cruddace, chief legal and regulatory affairs officer at U.K.-based online gambling exchange Betfair (BTFRF) .
Cruddace added that it is "difficult to see any credible defense" to the challenge his company plans to file if the law is passed. "This legislation, far from fattening up OPAP, as intended, will have the very opposite effect."
-- Greek parliament seen passing omnibus reform bill
-- Reform bill faces opposition from unions, European Commission
-- Online betting companies may challenge gambling reforms
By Alkman Granitsas
Of DOW JONES NEWSWIRES
ATHENS (Dow Jones)--Greece's parliament will pass Thursday a hastily assembled reform bill to overhaul everything from online gambling to tourism developments, but the opposition the plan is likely to provoke underscores the government's difficulties in pushing through ambitious reforms.
Greece's civil servants' union, ADEDY, already plans protests over the legislation's proposed cuts in public-sector bonuses, while foreign betting companies are threatening to sue over the gambling reforms. Opposition lawmakers say the legislation may be unconstitutional.
"The way things are being done, it's all happening on a very ad-hoc basis," said political commentator and City Press newspaper editor George Kyrtsos. "But the real issue is whether the law will even be implemented."
In late June, parliament narrowly passed a controversial five-year budget plan as a precondition for fresh aid from the European Union and the International Monetary Fund. Last month, European leaders rewarded that effort with a new EUR109 billion assistance program.
The omnibus bill, which brings together a raft of reforms not included in that medium-term budget plan, is expected to pass the 300-member parliament. The Socialist government controls 154 seats.
Analysts say a wave of protests against the latest reforms is likely to arise after the summer. Greece may also face legal challenges from the European Commission over the gambling reforms, which appear to contravene EU law.
Specifically, the government plans to legalize slot machines and online gambling--which are now banned in Greece--with an aim to collect EUR700 million from license concessions and taxes on the new gambling income.
But the commission has already voiced its opposition to the new law's structure. The proposed legislation would set limits on the number of new licensees and other restrictions on newcomers. It would also grant certain exclusive privileges to Greece's state-owned gambling monopoly, OPAP SA (OPAP.AT), which the government hopes to privatize this year.
Critics say the privileges greatly strengthen OPAP's position to the detriment of competitors, while also infringing on EU law. Worse, they argue that an unfriendly regulatory environment may put off potential investors.
The proposed law is in "stark contravention of EU law" because it aims to protect a monopoly, said Martin Cruddace, chief legal and regulatory affairs officer at U.K.-based online gambling exchange Betfair (BTFRF) .
Cruddace added that it is "difficult to see any credible defense" to the challenge his company plans to file if the law is passed. "This legislation, far from fattening up OPAP, as intended, will have the very opposite effect."
- Stato
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