Thursday, June 21, 2007
EDF Overtakes Total in Market Value; Stock Soars on Nuclear-Power Outlook
(Bloomberg) -- Electricite de France SA, Europe's
largest utility, overtook Total SA as the largest company traded
in euros after analysts raised their stock-price targets on
prospects for nuclear power.
EDF shares rose as much as 3.79 euros, or 5.1 percent, to a
record 77.89 euros in Paris. They traded at 77.62 euros at 11:09
a.m. local time. The shares have added 8.7 percent in the past
two days and 41 percent this year. The gains lifted EDF's market
valuation to 141 billion euros ($189 billion), exceeding Total,
Europe's third-largest oil company, for the first time.
Read more at Bloomberg Energy News
largest utility, overtook Total SA as the largest company traded
in euros after analysts raised their stock-price targets on
prospects for nuclear power.
EDF shares rose as much as 3.79 euros, or 5.1 percent, to a
record 77.89 euros in Paris. They traded at 77.62 euros at 11:09
a.m. local time. The shares have added 8.7 percent in the past
two days and 41 percent this year. The gains lifted EDF's market
valuation to 141 billion euros ($189 billion), exceeding Total,
Europe's third-largest oil company, for the first time.
Read more at Bloomberg Energy News
Fallujah Patrol Finds Bombs on Ice, Showing Why Americans Press Withdrawal
(Bloomberg) -- The three U.S. Marines in Lance
Corporal Justin Moyer's Humvee shook their heads at the news on
their radio phone.
Iraqi police had just found some explosives hidden in
blocks of ice at an ice-making factory in Fallujah, long one of
Iraq's most rebellious towns. The explosives were raw material
for a roadside bomb, the Marines figured, to be provided to
insurgents disguised as a delivery of ice.
Read more at Bloomberg Exclusive News
Corporal Justin Moyer's Humvee shook their heads at the news on
their radio phone.
Iraqi police had just found some explosives hidden in
blocks of ice at an ice-making factory in Fallujah, long one of
Iraq's most rebellious towns. The explosives were raw material
for a roadside bomb, the Marines figured, to be provided to
insurgents disguised as a delivery of ice.
Read more at Bloomberg Exclusive News
S.Africa unit labour costs at 5.9 pct in Q4 - c.bank
(Reuters) - South Africa's unit labour costs increased by 5.9 percent year-on-year in the fourth quarter of 2006 compared to a revised 5.2 percent in the previous quarter, the central bank said on Thursday.
Changes in nominal labour costs normally precede or coincide with changes in consumer price inflation, where the main CPIX gauge targeted by the Reserve Bank accelerated to an annualised 6.3 percent in April, breaching a 3-6 percent target.
Read more at Reuters Africa
Changes in nominal labour costs normally precede or coincide with changes in consumer price inflation, where the main CPIX gauge targeted by the Reserve Bank accelerated to an annualised 6.3 percent in April, breaching a 3-6 percent target.
Read more at Reuters Africa
Ameron 2nd-quarter earnings fall
(Reuters) - Earnings from continuing operations, which exclude a
business divested in 2006, were $1.63 per share.
Read more at Reuters.com Market News
business divested in 2006, were $1.63 per share.
Read more at Reuters.com Market News
European 10-Year Bonds Drop for Second Day Before German Confidence Report
(Bloomberg) -- European bonds fell for a second day
before a report that's expected to show business optimism in the
region's largest economy is buoyant, underpinning the case for
the European Central Bank to keep lifting interest rates.
The drop in debt pushed 10-year yields to near a five-year
high as investors reassess the outlook for global borrowing
costs. An index tomorrow is likely to show German business
confidence held near the highest on record this month. Futures
show traders are adding to bets the ECB will raise rates twice
more this year.
Read more at Bloomberg Bonds News
before a report that's expected to show business optimism in the
region's largest economy is buoyant, underpinning the case for
the European Central Bank to keep lifting interest rates.
The drop in debt pushed 10-year yields to near a five-year
high as investors reassess the outlook for global borrowing
costs. An index tomorrow is likely to show German business
confidence held near the highest on record this month. Futures
show traders are adding to bets the ECB will raise rates twice
more this year.
Read more at Bloomberg Bonds News
U.K. Stocks Decline, Paced by Shares of Liberty, Segro, InterContinental
(Bloomberg) -- U.K. stocks dropped, paced by Liberty
International Plc, Segro Plc and InterContinental Hotels Group
Plc.
The benchmark FTSE 100 Index retreated 35, or 0.5 percent,
to 6614.30 in London at 8:05 a.m. The FTSE All-Share Index fell
0.4 percent. Ireland's ISEQ Index dropped 0.8 percent to 9586.18.
Read more at Bloomberg Stocks News
International Plc, Segro Plc and InterContinental Hotels Group
Plc.
The benchmark FTSE 100 Index retreated 35, or 0.5 percent,
to 6614.30 in London at 8:05 a.m. The FTSE All-Share Index fell
0.4 percent. Ireland's ISEQ Index dropped 0.8 percent to 9586.18.
Read more at Bloomberg Stocks News
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