22 Jan 2009, 0007 hrs IST
AGENCIES
PUBLISHED BY ‘THE ECONOMIC TIMES’ (India)
Posted by Gilmour Poincaree on January 22, 2009
22 Jan 2009, 0007 hrs IST
AGENCIES
PUBLISHED BY ‘THE ECONOMIC TIMES’ (India)
Posted in AUTOMOTIVE INDUSTRY, BANKING SYSTEM - USA, BANKING SYSTEMS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, INTERNATIONAL, ITALY, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, STOCK MARKETS, THE FLOW OF INVESTMENTS, USA | Leave a Comment »
Posted by Gilmour Poincaree on January 21, 2009
January 20, 2009, 2:46PM EST
by David Welch and Carol Matlack
PUBLISHED BY ‘BUSINESSWEEK’ (USA)
Posted in AUTOMOTIVE INDUSTRY, BANKING SYSTEM - USA, BANKING SYSTEMS, BANKRUPTCIES - USA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIAL PRODUCTION - USA, INDUSTRIES, INDUSTRIES - USA, INTERNATIONAL, ITALY, MACROECONOMY, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, USA | Leave a Comment »
Posted by Gilmour Poincaree on January 21, 2009
January 20, 2009 at 8:40 PM EST
by Eric Reguly
PUBLISHED BY ‘THE GLOBE AND MAIL’ (Canada)
Posted in AUTOMOTIVE INDUSTRY, BANKING SYSTEM - USA, BANKRUPTCIES - USA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, INDUSTRIAL PRODUCTION, INDUSTRIAL PRODUCTION - USA, INDUSTRIES, INDUSTRIES - USA, INTERNATIONAL, ITALY, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, STOCK MARKETS, THE FLOW OF INVESTMENTS, USA | Leave a Comment »
Posted by Gilmour Poincaree on January 19, 2009
20 Jan 2009, 0441 hrs IST
REUTERS
PUBLISHED BY ‘THE TIMES OF INDIA’
Posted in AUTOMOTIVE INDUSTRY, BANKING SYSTEM - USA, BANKING SYSTEMS, BANKRUPTCIES - USA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, FOREIGN POLICIES, FOREIGN POLICIES - USA, INDUSTRIAL PRODUCTION, INDUSTRIAL PRODUCTION - USA, INDUSTRIES, INDUSTRIES - USA, INTERNATIONAL, INTERNATIONAL RELATIONS, ITALY, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, STOCK MARKETS, THE FLOW OF INVESTMENTS, USA | Leave a Comment »
Posted by Gilmour Poincaree on January 18, 2009
3:33 p.m. EST Jan. 16, 2009
by Polya Lesova – MarketWatch
PUBLISHED BY ‘MARKET WATCH – The Wall Street Journal Digital Network’ (USA)
CLICK HERE FOR THE ORIGINAL ARTICLE
PUBLISHED BY ‘MARKET WATCH – The Wall Street Journal Digital Network’ (USA)
Posted in BANKING SYSTEMS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ENERGY, ENERGY INDUSTRIES, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, FOREIGN POLICIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, INTERNATIONAL RELATIONS, ITALY, NATURAL GAS, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, RUSSIA, STOCK MARKETS, THE FLOW OF INVESTMENTS | Leave a Comment »
Posted by Gilmour Poincaree on January 7, 2009
Posted in COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ENERGY INDUSTRIES, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, ITALY, NATURAL GAS, RECESSION, THE FLOW OF INVESTMENTS | Leave a Comment »
Posted by Gilmour Poincaree on December 25, 2008
December 25, 2008
by Borzou Daragahi
PUBLISHED BY ‘THE L.A. TIMES’ (USA)
Posted in AUSTRALIA, BELGIUM, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ENERGY INDUSTRIES, ENGLAND, FINANCIAL CRISIS 2008/2009, FOREIGN POLICIES, FOREIGN POLICIES - USA, FRANCE, GERMANY, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, INTERNATIONAL RELATIONS, IRAN, ISRAEL, ITALY, NORWAY, PETROL, RECESSION, SAUDI ARABIA, SPAIN, THE EUROPEAN UNION, THE MEDIA (US AND FOREIGN), USA | Leave a Comment »
Posted by Gilmour Poincaree on December 25, 2008
Tuesday, November 25, 2008 – 23:44 Mecca time, 20:44 GMT
AlJazeera
PUBLISHED BY ‘ALJAZEERA’ (Qatar)
Posted in AUSTRALIA, BANKING SYSTEMS, BELGIUM, CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, EUROPE, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FRANCE, GERMANY, HOUSING CRISIS - USA, INTERNATIONAL, ITALY, MACROECONOMY, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, SAUDI ARABIA, SPAIN, STOCK MARKETS, THE EUROPEAN UNION, THE FLOW OF INVESTMENTS, THE LAST DAYS OF GEORGE WALKER BUSH - 2008/Jan. 2009, UNITED KINGDOM, USA | Leave a Comment »
Posted by Gilmour Poincaree on December 20, 2008
FUEL SYSTEMS SOLUTIONS FSYS – 12/19/2008 7:00:19 AM
GlobeNewswire via COMTEX News Network
Posted in AUSTRALIA, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, ITALY, NATURAL GAS, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, SOUTH AMERICA, STOCK MARKETS, THE FLOW OF INVESTMENTS | Leave a Comment »
Posted by Gilmour Poincaree on December 12, 2008
12/12/2008
Amerigo Francia – Milano Finanza
PUBLISHED BY ‘MILANO FINANZA’ (Italy)
La nuova Alitalia non aumenterà i prezzi e non ridurrà l’offerta di voli. Lo ha assicurato l’amministratore delegato di Cai, Rocco Sabelli, nella conferenza stampa per la presentazione del closing della vendita di Alitalia a Cai. “Non abbiamo in programma di aumentare i prezzi o ridurre l’offerta, anche sulle rotte dove abbiamo il 100% del mercato”, ha affermato Sabelli illustrando i punti principali del piano industriale.
L’obiettivo, spiega il braccio destro di Colaninno, “mira a ottenere il 56% del mercato interno nel 2009 rispetto all’attuale 30%. Una quota che ci farà tornare in Europa, visto che Air France ha il 91%, Lufthansa il 53%, Turkish Airlines il 43% e Iberia 39%. Puntiamo inoltre ad avere una flotta più moderna ed efficiente: nel 2009 l’età media dei nostri aerei sarà 8,6 anni, mentre attualmente è di 12,4 anni”.
Nel piano industriale, ha spiegato Sabelli, una forte attenzione è legata alla creazione di un network completo ed efficiente focalizzato su medio e lungo raggio. “Non si può fare una compagnia grande quanto si vuole, ma grande quanto si deve. Dico un’ovvietà”, ha osservato Sabelli, “ma è meglio avere meno aerei ma più pieni che tanti aerei mezzi vuoti. Il piano industriale parte dall’esame della struttura della domanda e dalle dimensioni del mercato, e punta a creare un leader forte sul mercato domestico. L’integrazione con Air One va in questa direzione e ci fornisce densità, dimensione e sinergie”.
Per la capitalizzazione della nuova Alitalia il manager conta sui 1.100 milioni, che era il target iniziale, e sul contributo del partner straniero. L’aumento di capitale avverrà in due tranche: per 850 mln dai 21 soci attuali, ai quali “non escludiamo se ne aggiungano altri”, mentre la restante parte avverrà in un secondo momento “per garantire la struttura finanziaria”.
Riguardo invece al partner industriale con la nuova Alitalia, l’ad di Cai ha confermato che “La scelta del partner straniero sarà tra Lufthansa e Air France”, precisando che da parte di entrambe le compagnie è stata avanzata la proposta di partenariato industriale come la disponibilità a investire in equity. La proposta di British Airways era invece “di natura solo commerciale”, ha spiegato Sabelli. Il manager ha quindi detto che “noi privilegiamo le prime due e crediamo che un ingresso nell’equity possa rafforzare la compagnia”. Parlando di Lufthansa e Air France, Sabelli ha detto che si tratta di “due proposte molto buone, duole lasciarne fuori una. Sceglieremo la proposta migliore”.
In ultimo, stamattina è partito il processo di assunzioni. “Siamo assolutamente tranquilli sulla trasparenza dei criteri concordati”. Le proposte di assunzione saranno dirette a “quasi 9mila persone, ci aspettiamo una risposta entro 48 ore”. Per quanto riguarda il rapporto con i sindacati, Sabelli ha detto di aver avuto con i sindacati confederali “una trattativa molto dura, ma comunque negoziale”, mentre con le associazioni professionali c’è stato “il rifiuto di cedere il controllo della compagnia”. Per questo, “da oggi il dialogo va direttamente ai nostri dipendenti”, ha concluso Sabelli.
Posted in AIR TRANSPORT INDUSTRY, BANKING SYSTEMS, COMMERCE, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, FRANCE, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, ITALY, NETHERLANDS, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS, TRANSPORT INDUSTRIES, TURKEY, UNITED KINGDOM | Leave a Comment »
Posted by Gilmour Poincaree on December 12, 2008
December 12, 2008
by Jan Strupczewski and Pete Harrison – Reuters
PUBLISHED BY ‘THE FINANCIAL MIRROR’
European leaders moved towards agreement on Friday on a multi-billion dollar plan to tackle the global recession and a climate change plan amended to limit impact on struggling industries.
Green groups warned that the European Union could forfeit its credibility as a force in tackling climate change if it accepted too many changes to a plan to cut carbon dioxide emissions by 20 percent by 2020.
One British group said compromises in climate policy, which will be key to world talks next year to produce a successor to the Kyoto pact on climate change, could amount to a ‘meltdown’.
The climate discussions took on a special significance, taking place some six weeks before Barack Obama takes over the U.S. presidency holding out the prospect of closer co-operation in matters of global warming.
Italian Prime Minister Silvio Berlusconi, who had threatened to veto a deal without concessions to protect key industries, emerged from the first day of a two-day summit, declaring: “We are heading towards a compromise…We are getting what we want.”
Poland, which had demanded concessions on its heavily polluting coal-based power industry, was also cautiously optimistic.
“The prime minister (Donald Tusk) achieved everything he wanted in negotiations on the climate package,” an official told Reuters. “The deal is flexible, allowing for the modernisation of the Polish power sector.”
HISTORIC?
The economic crisis sweeping Europe has further complicated climate talks that had already raised tensions in a 27-member bloc embracing former Soviet bloc states besides western Europe.
German Chancellor Angela Merkel, who opposes the heavy spending advocated by Britain and France for fear it could lead to escalating budget deficits, said at the start of the summit she was nonetheless keen to seal a 200 billion euro ($260 billion) stimulus package, amounting to some 1.5 percent of GDP.
Luxembourg Prime Minister Jean-Claude Juncker said on Thursday evening he thought EU leaders would agree on the main lines of the economic package and the climate deal on Friday.
“The economic crisis will pass, the climate crisis will stay. We have to do something,” he told reporters.
Finnish Foreign Minister Alexander Stubb said Friday would bring a ‘historic decision’ on energy and climate change.
‘Europe is going to show the way,’ he said.
Several leaders stressed the need to maintain the EU’s ambitious targets; but Merkel, seeking to limit damage to industry, appeared to have secured compromises.
Steel, cement, chemicals, paper and other industries will be sheltered from the added cost of buying permits to emit carbon dioxide from the EU’s flagship emissions trading scheme (ETS), according to a draft text that formed the basis for talks.
“This covers about 90 percent of industry, and I don’t see any reason why Germany would not accept this proposal,” German conservative Peter Liese told Reuters. “I see it as a victory.”
British Green group member Caroline Lucas said the proposals represented ‘the lowest possible common denominator’.
‘The eyes of the world are on the EU. The EU’s credibility as a leading actor on climate change is in freefall. It’s not too late for heads of state and government to intervene and save face.’
EASE THE SHOCK
In their first session of the summit, leaders agreed in principle on a set of concessions to Ireland enabling Dublin to hold a second referendum by next November on the Lisbon treaty, intended to streamline EU decision making. The treaty was rejected at a first poll and needs approval from all states.
“There was no opposition, there was no objection, there was no veto,” one European official said. Another stressed that the agreement was only provisional and there would be talks on the details of the arrangements on Friday.
The Lisbon Treaty — successor to the defunct EU constitution — aims to give the bloc more weight in the world by creating a long-term president and its own foreign policy supremo.
EU leaders aim to agree how to reach targets of slashing carbon emissions by 20 percent by 2020 and winning 20 percent of the bloc’s energy from renewable sources such as wind and solar power by that date, ahead of global talks next year on a successor to the Kyoto agreement from 2012.
Posted in ECONOMIC CONJUNCTURE, ECONOMY, ENERGY, ENERGY INDUSTRIES, ENVIRONMENT, EUROPE, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, GERMANY, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, INTERNATIONAL RELATIONS, ITALY, MACROECONOMY, PAPER INDUSTRIES, POLAND, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE EUROPEAN UNION, THE FLOW OF INVESTMENTS | 1 Comment »
Posted by Gilmour Poincaree on December 11, 2008
December 8, 2008
Bloomberg News
PUBLISHED BY ‘THE INTERNATIONAL HERALD TRIBUNE’ (USA)
PARIS: The financial crisis is recasting the league table of economies, with Britain sliding behind its European neighbors and China gaining on its richer rivals, the Center for Economics and Business Research said in a study released Monday.
A recession and a decline in the pound’s value pushed Britain’s gross domestic product below France’s this year and it will be passed by Italy in 2009, the CEBR said in the report. China has overtaken Germany and will top Japan in 2010 to become the world’s second-largest economy behind the United States, it said.
“The recession associated with the credit crunch will change the position of many countries in the world’s GDP league table,” the London-based CEBR said in the report.
The study shows how countries that ran up debts during expansion, like Britain, will now suffer, while emerging-market economies will wield increasingly more power in the global economy as they develop. Governments from the Group of 7 nations are under pressure to broaden their membership to reflect the changing shape of the world economy.
Brazil will rise to eighth-biggest economy from 10th by 2010 and India to 10th from 12th, the CEBR said. Canada will drop to 13th from ninth in the same period as its currency falls, it said.
The CEBR also said the British and Italian economies would suffer the deepest downturns with 18 quarters of GDP below its previous peaks. Spain’s slump will last 16 quarters and Japan’s 11 quarters. The United States will rebound after nine quarters. China will not suffer a single quarter of contracting growth, the report said.
Posted in BANKING SYSTEMS, BRASIL, CANADA, CHINA, COMMERCE, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, ENGLAND, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, GERMANY, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, ITALY, JAPAN, MACROECONOMY, RECESSION, SPAIN, THE FLOW OF INVESTMENTS, THE LAST DAYS OF GEORGE WALKER BUSH - 2008/Jan. 2009, UNITED KINGDOM, USA | Leave a Comment »
Posted by Gilmour Poincaree on December 9, 2008
Published: December 07, 2008, 23:31
Reuters
PUBLISHED BY ‘GULF NEWS’ (Dubai – UAE)
Rome: Libya would be interested in buying up to 10 per cent of Italian oil giant ENI, one of a number of investments it is
considering in Italy, the North African country’s ambassador to Italy was reported as saying.
The investment, which at ENI’s closing price of 15.39 euros on Friday would entail spending more than 6 billion euros, would make Libya ENI’s second-biggest shareholder after the Italian state, which has a 20.3 per cent stake.
In comments about other potential investments published in Italian newspapers on Sunday, Hafed Gaddur said he was not interested in the telecommunications sector.
“We have in mind five to six operations, among which I exclude telecommunications,” he was quoted as saying in business daily Il Sole 24 Ore. Other newspapers had him speaking of four to five operations.
Although he did not elaborate, Italian Foreign Minister Franco Frattini told Reuters on Friday that Libya was interested in the transport, tourism and infrastructure sectors.
Important partner
Gaddur spoke to newspapers after Italy’s government said on Saturday that Libya was interested in buying a stake in ENI.
Just as sovereign funds from developing countries have recently made investments in US and European companies, Libya has emerged as a leading source of capital for Italian companies and an important energy partner.
It recently acquired nearly 5 per cent of Italian bank UniCredit.
Gaddur said the accord signed by Libya and Italy last August had made it easier for Libya to invest in Italian companies without provoking a hostile reaction.
On August 30, the countries signed an accord under which Italy would pay compensation for misdeeds during its colonial rule of Libya.
Libyan leader Muammar Gaddafi hailed the accord as opening a new era of cooperation.
“It allows for something that in different times would have been absolutely impossible, such as a foreign state that enters with a stake of 5 to 10 per cent in your national oil company, which is what we would want to do,” he was quoted by La Repubblica as saying.
Posted in BANKING SYSTEMS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ENERGY, ENERGY INDUSTRIES, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FOREIGN POLICIES, GASOLINE, HISTORY, INDUSTRIAL PRODUCTION, INTERNATIONAL RELATIONS, ITALY, MACROECONOMY, PETROL, REFINERIES - PETROL/BIOFUELS, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS, WARS AND ARMED CONFLICTS | Leave a Comment »
Posted by Gilmour Poincaree on November 22, 2008
21/11/2008
MARM- También en las empresas agrarias hay una restricción del crédito. Las organizaciones agrícolas denuncian las señales restrictivas, con el requerimiento por parte de los bancos de condiciones consideradas demasiado severas e insostenibles para el sector. Así pues, tras una fase en la que las instituciones bancarias animaban a las empresas a que se endeudaran, con la complicidad de los tipos de interés favorables, ahora se ha pasado a un drástico endurecimiento de las condiciones.
Por otra parte se han puesto de manifiesto las dificultades para hacer frente a los compromisos a corto plazo. El aumento de los tipos ha creado una fuerte crisis de liquidez. La confirmación de que las cosas están yendo mal, es el incremento de los impagos. Desde hace unos años la tendencia estaba disminuyendo, y la agricultura había alcanzado los niveles de los demás sectores, pero ahora se corre el riesgo de una brusca inversión de la tendencia. En el último trimestre los impagos pasaron de 6,5% a 7,3%, pero el aspecto más preocupante es el incremento del 0,8% en el último mes.
El presidente de CONFAGRICOLTURA, Federico Vecchione, ha denunciado que muchas empresas que ya habían formalizado planes financieros incluso con grandes instituciones bancarias, se encuentran ahora frente a condiciones que son insostenibles y el resultado es que los empresarios deben bloquear las inversiones.
Hasta hace algunos meses, los bancos incentivaban a las empresas para solicitar préstamos. Ahora el crédito se concede con cuentagotas. Los bancos necesitan reconstituir su liquidez y por ello tienden a restringir los créditos concedidos, exigiendo mayores garantías.
Para la agricultura, el requerimiento de garantías patrimoniales es una vieja historia, pero en los últimos años algo se estaba moviendo, pero ahora, después de la crisis financiera, los bancos están en una situación de espera y, de todos modos, la relación de confianza ha sufrido un menoscabo y si hasta hace unos meses la relación entre préstamos y garantías era de 1 a 2, ahora es de 1 a 3.
Si bien se está consolidando el fenómeno de un leve incremento del crédito a corto plazo, que se estaba comprobando ya en 2007, el mismo está determinado, entre otras cosas, por la necesidad de recurrir a financiaciones a corto plazo para hacer frente a los costes de los préstamos contraídos a medio y largo plazo. Pero el crecimiento del crédito a corto plazo es también una señal de alarma sobre el estado de salud de las empresas que, en algunas situaciones, están obligadas a recurrir a los bancos, para hacer frente a la gestión ordinaria.
La tendencia positiva que ha marcado en estos últimos años la financiación a la agricultura, ha quedado confirmada también en ocasión de la reciente presentación del Protocolo entre PattiChiari (servicio de orientación de las relaciones entre clientes y bancos), CIA y CONFAGRICOLTURA, por el Presidente de la Asociación Bancaria Italiana (ABI) y el consorcio PattiChiari, que ha subrayado que en cinco años el crecimiento fue del 57% pasando de 23.000 a 36.000 millones en 2007. El Presidente de la ABI ha explicado que es necesario activar una comunicación cada vez más inmediata entre empresa agrícola y banco, una exigencia determinada por los procedimientos de evaluación del sistema crediticio introducidos en el acuerdo de Basilea 2. Para el Presidente de la ABI “existe una fuerte atención del mundo bancario al sector y hoy los plazos medios de respuesta a una solicitud de financiación se han reducido de 9 a 6 días”.
Según los datos de la ABI, han sido las pequeñas y medianas empresas quienes han impulsado las inversiones. Para esta tipología de empresas, de hecho, ha habido un crecimiento de la incidencia que pasó de 39,3% en 2001 a 48,2% en diciembre 2007, por un importe de 16.000 millones, respecto a los 7.900 de 2001. También aumento la financiación a las grandes empresas (de 3.000 a 7.600 millones) mientras que se redujo la cuota de las pequeñas empresas, que bajó a 29,2% frente al 45,7%.
En cuanto a los impagos, que en 2007 disminuyeron en un 3,5%, los datos mejores se obtuvieron en el centro (-9.3%) y sur (-2.4%), mientras que en el norte hubo un ligero incremento de un 0.1%. en total; los impagos, siempre según los datos de la ABI, se redujeron pasando de 3.200 millones en 2001 a 2.200 millones (-29%), mientras que el porcentaje de los impagos brutos sobre el total de créditos concedidos pasó del 14 al 6,2%.
Posted in AGRICULTURE, BANKING SYSTEMS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INTERNATIONAL, ITALY, RECESSION, THE FLOW OF INVESTMENTS | Leave a Comment »
Posted by Gilmour Poincaree on November 11, 2008
11/11/2008 20.00
I segnali giunti dalle indagini congiunturali e dal settore industriale non lasciano scampo: il dato sulla crescita del terzo trimestre in arrivo venerdì 14 sarà negativo e, unito all’analogo dato dato del trimestre precedente, attesterà recessione tecnica per l’Italia, lasciando poca speranza anche per i mesi a venire. Lo prevedono gli economisti.
Alcuni di loro hanno ulteriormente peggiorato l’outlook dopo che ieri Istat ha pubblicato dati peggiori delle attese per la produzione di settembre e ha tagliato le statistiche relative ai mesi estivi. “Ci aspettiamo almeno tre trimestri negativi per la crescita italiana, dal secondo al quarto di quest’anno”, dice Paolo Mameli di Intesa Sanpaolo. “La vera ripresa, se arriverà, sarà solo a fine 2009 o inizio 2010”. La mediana emersa dal sondaggio indica per il Pil del terzo trimestre -0,2% dopo -0,3% dei tre mesi precedenti. Su base tendenziale la previsione mediana indica -0,4% dopo -0,1%.
“Dopo gli ultimi numeri per la produzione industriale, sono emersi maggiori rischi al ribasso, anche se le nostre previsioni rimangono nel range tracciato in precedenza” dice Holger Schmieding di Bank of America, che la scorsa settimana aveva indicato per il Pil -0,2% e -0,3% su trimestre e su anno.
Gli economisti di Unicredit sono diventati, invece, più pessimisti, e, se le previsioni fossero raccolte oggi, punterebbero su flessioni del Pil di 0,4% su trimestre e 0,6% su anno, mentre Merrill Lynch le limerebbe lievemente a -0,2% e -0,4%.
Per gli economisti cercare di individuare il punto di minimo del ciclo italiano è un esercizio ozioso. Il messaggio è che l’economia è in crisi a causa di una domanda interna in contrazione e di una situazione internazionale molto difficile.
“Dal lato della domanda c’è un quadro di marcata debolezza per la domanda interna: per il terzo trimestre ipotizziamo un forte calo degli investimenti fissi che andrà a sommarsi alla contrazione dei consumi” dice Marco Valli di Unicredit. “Anche il canale estero darà un contributo negativo, mentre avremo un accumulo di scorte e una spesa pubblica positiva”.
A settembre l’indice di produzione industriale ha segnato un calo di 2,1% su mese dopo un aumento di 0,4% di agosto, rivisto al ribasso da +1,4%. “La produzione è calata, ma gli ordini sono scesi di più, quindi le scorte stanno aumentando in maniera indesiderata e la produzione dovrà essere tagliata in modo ancora più aggressivo nei prossimi mesi” dice Valli.
Anche Mps Finance scommette su un contributo del canale estero negativo, mentre Bank of America e Intesa Sanpaolo non escludono che la recessione abbia frenato le importazioni, portando a un lieve rimbalzo delle esportazioni nette. Anche se l’Italia non è stata colpita più duramente degli altri paesi europei dalla crisi finanziaria, gli economisti sottolineano come gli shock esterni portino nuovamente alla luce le difficoltà storiche del paese.
“L’Italia, quando è scoppiata la crisi, era già in una situazione difficile. Il paese è entrato in stagnazione ormai due anni fa: è questo il problema” commenta Schmieding di Bank of America. I dati preliminari per la crescita italiana saranno pubblicati venerdì alle 10,00 italiane, mentre la stima flash sulla zona euro arriverà un’ora dopo. Anche per i Quindici l’attesa è di una variazione congiunturale del Pil di -0,2% che significherebbe recessione per tutta l’area monetaria.
Posted in BANKING SYSTEMS, ECONOMIC CONJUNCTURE, ECONOMY, EUROPE, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INTERNATIONAL, ITALY, RECESSION, STOCK MARKETS, THE FLOW OF INVESTMENTS | Leave a Comment »
Posted by Gilmour Poincaree on November 11, 2008
Last update: November 6, 2008 – 5:17 AM
Associated Press
LONDON – Britain’s Barclays bank said Thursday it has bought the Italian residential mortgage business of Australia’s Macquarie bank.
Barclays PLC, which raised 7.3 billion pounds ($11.8 billion) from Middle Eastern investors last month, is not disclosing the amount it paid Macquarie Group Limited for the business.
The purchase increases the value of Barclays mortgage book by 1.1 billion euros ($1.4 billion) — or nearly 10 percent. Before this deal, Barclays mortgage book was worth roughly 12 billion euros ($15 billion).
“Our existing Italian mortgage business has grown through the combination of a prudent lending policy and careful management of customer relationships,” said Frits Seegers, chief executive of Barclays retail and commercial banking arm. “This acquisition augments that business.”
Barclays shares fell 4 percent to 187 pence ($2.98).
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