Wednesday, 16 March 2011

Libya, qaddafi sure: "48 hours and it will be over"


Land brigades led by Khamis Libyan Gaddafi, son of Colonel Muammar, came this morning in the city of Misurata: up to now reported 5 dead and 11 wounded. According to reports from the al-Arabiya satellite television, the brigade consists of about 40 tanks that have already entered the southern and western outskirts of the city. Loyalist forces also are close to Benghazi stronghold (hard bombings indicate, in fact, near the airport). The other son Seif Gadhafi announced that "within 48 hours will be over, so any decision was taken on the 'no-fly zones,' arrive too late."

Frattini: "COLD BLOOD TO NEW LIBYA - The clash between troops and rebel anti-Saddam regime is therefore coming to a crossroads:" The Cyrenaica is again almost entirely in the hands of Tripoli, "said Minister Foreign Affairs Franco Frattini, the hearing before the Senate Foreign Affairs Committee of Parliament. "We must keep a cool head and follow what the international community has decided not favoring war and political processes that lead to the evolution of a new Libya." Frattini did not spare criticism of the international community: "Italy was the first and only European country to deliver aid in Benghazi. We have not seen many other flags of countries that had reported strong support in opposition of Benghazi. The city exudes the feeling of an international community that has done great ads that have not been turned into great things. "

PRODUCTION OF OIL IS SUSPENDED - In response to the ongoing civil war in Libya, Eni has discontinued the production of oil in the North African country. The CEO Paolo Scaroni said on the sidelines of a hearing in the House. The decision came after "problems in shipments." Eni's Scaroni continued, when "producing gas for local people, for home use. We have three plants in the area of ​​Tripoli. This is an important activity for local people. We are also working to make this activity exempt from sanctions that might take the United States, European Union and Italy. So we are in contact with Mrs. Clinton, with Mrs. Ashton and Frattini. If this task should not be considered legitimate would we not more, but we must be aware that unless the do much of Libya off the light, "said Scaroni. The manager has however stressed that "there are" Absolutely compromise relations with Libya. We maintain relationships with the National company which is our natural partner. "

THE NO-FLY ZONE - And while the situation in Libya continues to be dramatic, will meet again this morning members of the UN Security Council to discuss the situation in the country, a day after supporters of a no-fly zones have introduced a draft resolution to halt the advancing forces of Colonel. The plan was submitted by Lebanon, the only Arab member of the Council, on behalf of the Arab League. The latter had requested the imposition of air traffic control, supported by France and the United Kingdom, which had outlined the elements of a resolution for the no-fly zone last week already. But while Paris and London to urge swift action, Russia and Germany have voiced doubts. For Tarhouni, the sanctions imposed on the Rais will not be enough to stop him. Skepticism about the no-fly zone also comes from the same Libyan rebels: "I think it's a shame the cowardly position taken by the Western world, especially the United States, which present themselves as defenders of democracy and human rights." It 'hard to comment Tarhouni Ali, leader of the insurgents and member of the Petroleum Economy and the Provincial Council constituted in eastern Libya. "We are not asking much, just the creation of a no-fly zone." The attitude of U.S. President Barack Obama, in his opinion, is in "stark contrast" with the statement made in 2009, delivered a historic speech to Muslims in Cairo. "Obama made an appeal for democracy and freedom and now the least I can do is support the no-fly zone - he said - The blood of the Libyan people is not cheap, we pay it is expensive."

The Italian stock market remains below parity

The FTSE Mib yields 0.6%, the FTSE All-Share Italy 0.5%, the FTSE Mid Cap salt Italy 0.1%, the FTSE Italy Star 0.5%.
Among the bank confirmed the weak big Intesa Sanpaolo (-3.1%) and UniCredit (-2%), followed by Mediobanca (-1.8%). To penalize the industry and 'probably the Moody's downgrade of the long-term debt of Portugal.
STMicroelectronics (-2%) continues to lose ground. In reference to the situation in Japan, a spokesman said that the impact on revenues in the first two quarters should be limited. STM has not yet decided whether to repatriate the employees currently in the country of the rising sun.
Buzzi Unicem in red (-2.2%). Cheuvreux reduced its recommendation on the title to undeperform, with a target price stable at € 10.10. Also noteworthy is the negative data on U.S. real estate market.
Parmalat Sale (+2.9%) after Corrado Passera, CEO of Intesa Sanpaolo, said that in addition to the list to the board of directors of the funds Skagen, Mackenzie Zenit and there will be 'even as the bank headed by the current Henry Bondi.
Shopping on Impregilo (+1.5%) largely due to expected growth in revenues, estimated at about EUR 4 billion in 2015 against 2.06 billion in 2010. Last year, and 'went on file with profits of 128.4 million euro, +61% YoY due to non-recurring items.
About an hour after opening on Wall Street marks the S & P 500 -0.3%, Nasdaq -0.1%.

ABI, bank deposits accelerated in February, while consolidating loans

Accelerate the collection of Italian banks in February, which showed a trend growth of 3.6% compared to 2% in January. And 'what emerges from the montly Outlook published by ABI.

More specifically, the bank deposits totaled 2.1875 trillion euro. Over the past year the stock of the collection has increased by more than 70 billion euro. The observation of the different components shows that the resident customer deposits have been a trend growth rate amounted to +5.6% (+4.5% in January 2011), while the annual change in bank bonds totaled +0.6% (-1.5% in January 2011).

Also on values ​​is very strong, however, the dynamics of repurchase agreements with customers: a second before the end of February 2011 estimates the aggregate scored an annual growth of around +66.6% (+66.4% in January 2011 ).

After more than two years and for the third consecutive month - January 2011 - is back on the positive trend of deposits from abroad: in particular, those of Italian banks totaled about 455 billion euro, 6.3% in more than a year earlier (+12% at end 2010). The share of deposits in total funding from abroad stood at 17.1%.

In terms of jobs, the dynamics of bank loans showed at the end of the first two months of 2011, a consolidation on the basis of initial estimates, the loans to households and non-financial corporations amounted to 1.4885 trillion euro, a growth trend of 5.6% (as at January 2011, up 2.4% on average in the Euro Area in January 2011), tornado on the levels of late summer 2008.

6.2% increased loans to residents of Italy to the private sector (+6.3% in January 2011). At the end of February 2011, the amount of loans to the private sector of the Italian banking system amounted to 1.702 billion euro. Compared to February 2010, the net flow of new loans was over 95 billion euro.


Diasorin: a growth in revenues of € 404.5 million (+33%)


DiaSorin has registered very positive results and also above the market average membership in 2010, when the global economic recovery has continued, although at different rates depending on geographical areas, although overshadowed by new concerns related to the solvency of public debt in different countries of the Euro, in particular arising from uncertainties about the sustainability of the fiscal situation of these countries.
Contrary to what reported by others in the industry during 2010, DiaSorin has not been affected by the downturn in the sector, and recorded financial results showing a strong improvement over the previous year, reflecting the goodness of the strategic choices implemented in the recent past .
In fact, in 2010 the Group reported revenues of 404.5 million euros, up 33.0% on 2009 (28.9% at constant exchange rates) thanks largely to:
1) the sale of products whose CLIA turnover grew by 37.8% in 2010;
2) continuing expansion of the installed base Liaison on 31 December 2010 has reached 3,641 units, an increase of 666 new placements compared to 2975 on 31 December 2009;
3) the strengthening of its market share in areas where the company has a direct presence in history, expanding into markets where in the recent past has been replaced in the commercial network owned by independent distributors with a sales network, and enhancing distribution of trade agreements in certain strategic areas of South America and the Pacific;
4) the continuous enrichment of the menu of products Liaison, which in recent years has come to be one of the largest commercially available, but above all the richer segments of specialty clinical test of interest;
5) the continued expansion of the market for vitamin D not only on U.S. territory, but also in major European countries.
6) the sale of products Murex, representing 23.0 million Euro in 2010, which includes the first allocation of stock to distributors Abbott sent to 3.0 million euros, and net of distribution fee approved for Abbott 1.4 million euros.
Also during fiscal year 2010 revenue growth is matched by a more than proportional improvement of the main indices of profitability in 2010 ended with a gross margin of 284.7 million euros, up 33.3% on 2009, now comprise 70.4% of sales, compared to 70.2% in 2009.
On these results it should be noted that the sale of the first allocation of storage needed to distribute products through Murex Abbott led the gross margin for the year negative impact of 0.5 percentage points. With regard to operating expenses during 2010 increased in a less than proportional to sales growth, so the impact on sales has increased from 34.7% in 2009 to 32.3% in 2010.
Also during the year 2010 the Group continued to pursue its policy of investment in R & D, with expenditure increasing by 20.3% over 2009. Have been capitalized expenses for development activities amounted to EUR 1.9 million, while they have been expensed to operations research and development costs amounted to 18.6 million euros, of which 4.6 million relating to costs registration of marketed products and on compliance with quality requirements. The incidence of general and administrative expenses on sales decreased from 10.6 percentage points to 10.3 in 2010.
Consequently the 'EBIT recorded in 2010 amounted to 145.5 million euros, an increase of 36.7% compared to 2009, equivalent to 36.0% of revenues (from 35.0% during the same period of 2009) ; 's EBITDA grew by 35.2% over the same period in 2009, reaching 167.1 million euros, equivalent to 41.3% of revenues (from 40.7% in 2009).
Also as regards the results of operations is necessary to point out some elements of an extraordinary nature occurred during 2010 and that had a negative impact on operating results. With reference to 2009, are reclassified from other operating costs to income taxes for the year Euro 996 thousand relating to the withholding tax is not deductible by the parent company suffered on dividends received by the U.S. subsidiary.
These reclassifications did not result in impacts on equity and profit for 2009 In particular, remaining within the framework of the acquisition of the product line Murex, in 2010, costs have been accounted for in the accounting and legal advice which should be added costs of an extraordinary nature relating to the reorganization of the production site in Dartford (above) for a total of 5.7 million.
Excluding these non-recurring costs, the EBITDA margin of EBIT and EBITDA at the end of 2010 would be respectively equal to 37.4% and 42.7%. With regard to financial management, 31 December 2010, net financial expenses amounted to 585 thousand euros compared to 2.7 million in 2009. The difference between the two values ​​is mainly due to exchange gains recorded by the parent company of dividends received from the U.S. subsidiary. There has been 929 thousand in fees on factoring transactions (1.1 million euros in the same period in 2009), 810 thousand of interest on pension funds (868 in the same period of 2009), 634 thousand of interest on loans to banks and leasing companies and income of 296 thousand euros relating to the fair value of contracts for the sale of dollars.
Also of note the different accounting treatment of exchange differences on debt denominated in U.S. dollars exposure: Following the formalization of a policy of managing foreign exchange risks, the Group uses hedge accounting principles as laid down by IAS 39, pointing directly at net foreign exchange differences. In 2009, the income recorded 944 thousand Euro's exchange rate differences on debt mentioned above, in 2010, exchange differences recorded in equity were negative and amounted to Euro 1.6 million. Finally, in 2010 closed with a net profit of 90.4 million Euro (70.0 million Euro in late 2009). It should be noted that for 2009 the Group recorded 33.7 million Euro for taxes (compared to 54.5 million in 2010), who enjoyed the positive effects of tax payment of sull'affrancamento ' start-up and realignment of the differences arising from the transaction to IFRS (4.3 million), against the inclusion of deferred tax assets of EUR 8.9 million.
Adjusting the results for 2009 compared to the non-recurring items described above and to the different accounting treatment for the Group's debt in foreign currency and purifying the results of 2010 items related to the reorganization of British manufacturing plant mentioned above, net income of 2010 was up 43.1% over the previous year. Earnings per share "basis" for 2010, amounted to EUR 1.64 (1.27 in 2009), and is calculated by dividing the net profit attributable to shareholders by the average number of shares outstanding amounted to 55.223 million (effect incorporating the financial year of the first tranche of stock options).
The stock option plan as at December 31, 2010 has no significant effect on earnings per share: earnings per share "diluted" the year amounted to Euro 1.64. The net financial position at December 31, 2010, is positive and amounts to 33.1 million euros, compared to 11.2 million at December 31, 2009. This improvement is due largely to the cash generation of the Group, whose liquidity has risen from 47.9 million at December 31, 2009000000 to 62.4000000 in late 2010. Of note in 2010: the acquisition of the business Murex, to 46.2 million euros, and the acquisition by DiaSorin Australia Ltd your business from the local distributor for an amount of 8.9 million Australian dollars (equal 6.8 million euros), of which 4.6 million payable over the next two years and the repayment of loans for 8.5 million Euro, the payment of dividends of 11.0 million Euro (6.6 million Euro in 2009), the increase in share capital and increase the share premium reserve, respectively, for 693 thousand and 7.8 million Euro in the Plan of "stock options from 2007 to 2012."

Result of Japan nuclear devastation burnouts Americans


Dumb people across america are running to market stores to get hold of potassium iodide. can you guess the reason why. Oh yes the nuclear attacks that has been rampaging the country of Japan. The doctors are advising that there is not a need of any such to be wary of that. But anyways who wants to take chances ! who knows what will happen on 19th March during the Super Moon, a big Tsunami on its way.

Devastation continues at the Japan


It has been reported that another set of fire as broken out at japan's Fukushima nuclear power plant. Facility at the plant 4th reactor reported flames, having caught fires already a day before.Now it has been concerned that what will be the fate of other nuclear reactors.

Delhi projects may get affected by Japan Tremors


The recent earthquake that rattled japan and tsunami that followed has led to quite a financial loss to the country. It is being thought that the japan financial institutions will take out money from overseas to help Japan rebuilt what has been lost. Delhi projects would also be affected by this take out.
For instance, Delhi's Metro Third phase expansion plan and the yamuna action plan 3  depends on the assistance being provided by Hapan International Coperation Agency(JICA) that has made a vehicle for providing financial aid to these projects.
Credit Suisse has estimated that the earthquake would incur a loss of $183 billion to japan or will shed 1% of Japan's GDP, this is the amount equivalent 60% of India's total foreign exchange reserves.
Last month Japan provided a loan suport of Rs 2556 crores to three projects in india. So far JICA official have no clear answer what will future aid will be by Japan which in itself requires money for carrying the rebuild process.
The recent earthquake that rattled japan and tsunami that followed has led to quite a financial loss to the country. It is being thought that the japan financial institutions will take out money from overseas to help Japan rebuilt what has been lost. Delhi projects would also be affected by this take out.For instance, Delhi's Metro Third phase expansion plan and the yamuna action plan 3  depends on the assistance being provided by Hapan International Coperation Agency(JICA) that has made a vehicle for providing financial aid to these projects.Credit Suisse has estimated that the earthquake would incur a loss of $183 billion to japan or will shed 1% of Japan's GDP, this is the amount equivalent 60% of India's total foreign exchange reserves.Last month Japan provided a loan suport of Rs 2556 crores to three projects in india. So far JICA official have no clear answer what will future aid will be by Japan which in itself requires money for carrying the rebuild process.

communities join together to aid Japan


Many communities are joining hands to support the cause of helping the japan facing the consequences that have resulted from the recent earthquake and tsunami. People of EVE online are joining in for the same. Such a move is being organized by CCP which is allowing conversion of 30 days of game time PLEX to funds that will be used as a donation to japan. Users can purchase PLEX for real currency through the site.The PLEX can also be sold in-game by the players on the other marke as long as one has sufficient in-game credits or currency to purchase PLEX, as told by christian CCP wrangler Danhill senior community manager for EVE online.
For donating PLEX, one simply has to contracts PLEX for the cause of good as is explained by the official website. and after this the PLEX can be converted to real cash or in-game online currency which could be used as a donation for supporting the relief opperation in Japan.
This has started from March 14 and will go untill March 31. and is a nice way of supporting the good cause by game world.
This is not the first time that EVE online users have supported this kind of cause, so far game players have donated $63k through this good for cause program and total of $100k since 2004.
The PLEX can also be sold in-game by the players on the other marke as long as one has sufficient in-game credits or currency to purchase PLEX, as told by christian CCP wrangler Danhill senior community manager for EVE online.FOr donating PLEX, one simply has to contracts PLEX for the cause of good as is explained by the official website. and after this the PLEX can be converted to real cash or in-game online currency which could be used as a donation for supporting the relief opperation in Japan.This has started from March 14 and will go untill March 31. and is a nice way of supporting the good cause by game world.This is not the first time that EVE online users have supported this kind of cause, so far game players have donated $63k through this good for cause program and total of $100k since 2004.