Financial News and Economical Crisis

American pharmaceutical company Warner Chilcott will acquire pharmaceutical business Procter Gamble for 3.1 billion U.S. Under the agreement, payment will be made in cash, according to published today a press release companies. end of the transaction is scheduled for the end of 2009, this requires the approval of the relevant antitrust authorities. Earlier today reported that the purchase will be financed by loans from six banks. The main partners of the deal Bank of America Corp. and ... Read More

Officials of the European Central Bank headed by its president Jean-Claude Trichet cautiously welcomed the growing evidence of economic recovery, noting that they would not rush to the lifting of incentive programs. We are seeing some signs showing that the real economy beginning to recover from the recession - a statement quoted by Bloomberg Trichet at the Fed's annual symposium in Jackson Hole, Wyoming. This, however, does not mean that we are on the line the road to recovery. ... Read More

General Motors may withdraw from the sale of Opel, writes the British newspaper Evening Standard. According to the publication, the consultants advised the GM Board of Directors to reject both proposals - as the Belgian RHJ International, and a joint proposal by Canada's Magna and Sberbank of Russia. As the publication explained, the decision to refuse the sale of GM Europe is connected with the desire to maintain presence in the European markets and Russia. The decision to ... Read More

At 16.00 Moscow time the price index value RGBI totaled 116.06. Compared with the previous day's close it had fallen to 0.04 part (0.034%). Trading volume on the market of government securities amounted to 30.94 billion rubles. RU000A0JQ623 Yield on bonds with maturity in December 2009 was 8.35% (0 percentage points), SU25065RMFS2 on bonds with maturity in March 2013 - 12.03% (-0.02 percentage points), for bonds with SU25066RMFS0 maturing in July 2011 - 11.3% (-0.01 percentage points), SU25067RMFS8 on bonds with maturity ... Read More

OAO RusHydro conjunction with the Ministry of Energy of Russia and OAO Lengidroproekt developed a plan for organizational and technical measures in the aftermath of the accident in the engine room of the Sayan-Shushenskaya HPP and restore normal work station. The plan provides for the early completion of the removal of water from the engine room, disassembly of damaged structures and equipment, installation and commissioning work of the interim scheme of power supply, restoration of through traffic semi-gantry ... Read More

On Russia's market is not very high trading activity, which is typical for the last few days, it is connected with the period of leave. Domestic stock market accurately reproduces the dynamics of western areas, as the indexes our influence and oil quotations. In the morning we'd play the growth of U.S. indexes on the current movement in our market calms down. Talking about the growth of securities KAMAZ and AvtoVAZ amid reports that ... Read More

Stocks save short positions in the ETF on Japan (EWJ) with the immediate goal of $ 9.80 and the stop-loss on a mark of $ 10.20. save short position in the Brazil ETF (EWZ) with the immediate goal of $ 54.50 and the stop-loss on a mark of $ 61.80. flat profits on long positions in ordinary shares of Gazprom (GAZP RX) in the case of growth of quotations of ... Read More

Polyus Gold Surrounding levels of support: 1236.00 /1210.00 /1180.00 Surrounding resistance levels: 1256.00 /1280.00 /1313.00 Shares of Polyus Gold during the Friday session demonstrated the dynamics of the market worse. Support during the bidding was made in the level of 1210 rubles. Following the session, the paper added 0,16%, finished the day at 1,245.00 rubles. Before the start of today's trading session, the external signals are positive, so ... Read More

continue the positive momentum on Friday In Friday trading on domestic exchanges opened lower quotations, but the bulls quickly seized the initiative, which allowed the market to recover lost ground and then start the upward movement. If the opening quotation of energy is not favored oil and gas sector, by the end of trading, he became a leader of growth. So Rosneft added 6,9%, Gazprom, Lukoil and Surgutneftegaz rose by 5,9%, 5,48% and 5,6% respectively. The ... Read More

The British Government has asked the parties that decide to choose a new master group Opel, with a call to address the situation, not for political reasons, but solely on the basis of the interests of business and economics, reports Deutsche Welle. In addition, when selecting the winner of the British request to take into account the interests of the company Vauxhall, which is part of the deal and producing in the UK are the samecars as the Opel. ... Read More