Tag Archives: dow jones

ECB wants to introduce "Loan-by-loan" test within 18 months

Copy of EZB - Foto_Koch_2010-07-11 055FRANKFURT (Dow Jones) – The European Central Bank (ECB) wants an already agreed in principle closer examination of certain securities that are submitted as collateral for monetary policy operations, introduce within the next 18 months.
(Photo: Koch)

As the ECB announced on Friday, with real estate mortgages are deposited securities (CMBS) and on transactions with smaller enterprises (SME)-based papers in future be reviewed on an individual loan level (loan-by-loan). Until the scheme comes into force, wants the ECB to accept these documents as before without a single credit check.

Chicago purchasing managers index falls more than expected in April (Dow Jones Germany)

2011-04-29 Chicago Panorama_dapd
CHICAGO (Dow Jones) – The Association of Purchasing Managers in Chicago on Friday reported a decline in the index of business activity in April to a seasonally adjusted 67.6. (Photo: DAPD)

Dow Jones Newswires had forecast Economists surveyed ahead a level of 68.0. In March, the figure was 70.6. Readings above 50 indicate an expansion points, numbers, including a contraction in manufacturing in the region.
It was almost recorded a decline in all indices, such as the VCD on. Thus, the index was for production to 70.0 (previous month: 74.2), the index for new orders was reported as 66.3 (74.5). For the employment index, a value of 63.7 (65.6) was reported. The index for prices paid fell to 81.8, according to the information (83.4).
The purchasing managers ‘index for the Chicago area is of observers pay special attention because he conclusions about the national purchasing managers’ index of the Institute for Supply Management (ISM) allows. However, the Chicago area is mainly on the U.S. auto industry dominated and this allows a correlation not always observed throughout.

Steering Committee agrees on WestLB rescue

BERLIN (Dow Jones) – Representatives of the Federal Government and WestLB-Owners are located just before the deadline in the night from Tuesday to Wednesday on a restructuring plan for the country’s once proud bank agreed and thus avert such orders.

This was announced by a spokesman for the Ministry of Finance late on Tuesday evening. Further details were not immediately known.
The Secretary of the Treasury Steffen Kampeter will explain the agreement soon, the spokesman said.

BayWa buys majority stake in OMV consortium of heat VertriebsgmbH

2011-01-30_baywa_firmengebäude_ddp FRANKFURT (Dow Jones) – The BayWa AG acquires a majority stake in the consortium Austria’s OMV oil traders heat VertriebsgmbH. The previous sole owner OMV Refining & Marketing GmbH pull back on a financial investment of 11%. (Photo: BayWa)

The conglomerate said the Munich on Friday. The consortium acquire 89% stake in the company. Led there by the BayWa’s majority-owned RWA Raiffeisen Ware Austria AG. Financial details not mentioned BayWa. The transaction is subject to regulatory approval.
The acquisition of the OMV company is part of the growth strategy of the BayWa in its core segments. In the future the company wants with the acquisition of petroleum dealers in the energy sector continue to grow. OMV heat VertriebsgmbH supplied with 42 employees in six locations Austrian customers with particularly heating oil. With the operation of the consortium acquired OMV VertriebsgmbH heat generated in 2010 a turnover of around 380 million eur.
Website: www.baywa.de

EU urges member countries to cooperation on green energy – FTD

2011-01-25_Windpark_ddp HAMBURG (Dow Jones) – The European Commission calls on Member States to cooperate in promoting renewable energies and to make the funding more effectively. This could be saved Europe EUR 10 billion a year. (Photo: Reuters)

So far the countries have not used the possibility of cooperation that existed since 2008, cites the "Financial Times Germany" (FTD – Tuesday Edition) from the draft of a Commission report on the topic, next week should be adopted. The current system hinders because of the different promoting the internal market. The Commission estimates that the renewable energy sector, with EUR 35 billion will be funded in the year, of which pay for most consumers.
The EU Commission is thus a new attempt to promote alternative energies harmonize. In the long term was a "greater convergence of national Födersysteme" necessary. Now 21 of the 27 EU countries have all or part of German-style feed-in tariffs, where the green power without limit is taken at fixed prices. This compensation system is broken up to criticize the Commission. Could also arise from over-funding "bubbles".