Bags, still nervousness in Asia Europe falling, Milan -0.5% – BBC

financial markets

Milan , August 31, 2015 – 10:39

     
     
 

On the last day of August depart downward European stocks. Looking, on the one hand, the US Fed and the next rate increase; the other to new uncertainties in Asia. The Shanghai Stock Exchange is in fact back down – even if it has closed above the minimum seat – conditioned by the close in investigations conducted by regulators on speculation, according to Beijing, would be responsible for the collapse of the Chinese stock market fell 40% in two and a half months. The two main indexes fell in the day to over 4%, dragging down other Asian markets, before recovering partially. The index of blue chip CSI300 managed to close in rise of 0.73%, while the Shanghai Composite Index lost 0.8%. Both have lost about 12% in August and about 40% by mid-June despite numerous government attempts to support the market. But it lacks recover the square of Shenzhen, down 3.06%, timid Seoul (+ 0.2%) and Hong Kong (+ 0.27%). Falling, finally, Tokyo who paid the uncertain outlook for monetary policy of the US and disappointing data on industrial production in July. The Topix index lost 0.82% to 1,537 points.

Eni benefits from maxigiacimento

In Europe, the opening was negative and Milan has adapted after a flat start, then turn positive in mid-day and return negative again in the afternoon until closing down 0.24%. With London closed for holidays, the other lists – from Paris (-0.49%) in Frankfurt (-0.38%) – they have moved to the downside for the whole day. Among the blue chips, to report the good performance of Eni which gained 1.53% after official weekend in the discovery of a giant offshore gas field in Egypt. On the exchange rate front, the euro recovered slightly to $ 1.1205 (1.1199 on Friday ‘evening), and 135.85 yen (135.72), with the greenback worth 121.23 yen (120.95) . The oil finally reversed course and in New York the WTI rises of 0.31% to $ 45.36 per barrel.

The Roma beat Juve in bag

It should be noted, finally, that after the championship victory against Juventus, Roma have also underway in the Milan Stock Exchange, the title of the company AS Roma reached an increase of 5.2% to 0.62 euro, not far December marked by highs in recent weeks. Weak, in contrast, the title of Juventus (-2% to 0.25 euro): now bringing the decline since the beginning of the championship is more than 5%. Male, finally, Lazio, at a loss of 4.5% to 0.57 euro with an overall decline of 14% from the non-entry through the preliminary in the Champions league.

August 31, 2015 (modified August 31, 2015 | 17:49)

© ALL RIGHTS RESERVED

Lufthansa revolution: the winning ticket direct online – Il Sole 24 Ore

History Article

Close

This entry was posted on August 31, 2015 at 17:31.

Tomorrow officially debuted the new trade policy of Lufthansa and related companies that effectively rewards those who – or private travel agents – will purchase the tickets directly on the websites of the group. As explained in a statement the airlines of the Lufthansa Group – Austrian Airlines, Brussels Airlines, Lufthansa and Swiss – link to
develop and implement new booking channels direct connect. “The market is clearly ready for innovations and developments of this kind,” said Jens Bischof, Lufthansa component of top management. From September 1, the cost of bookings made through global distribution systems (GDS) are supported in a more fair and transparent by users. To this end, a new distribution cost charge (DCC) of EUR 16 will be applied to each ticket issued via GDS. So Lufthansa confirms the revolution policy already challenged by travel agents and tour operators (ETOA the association has decided to take the case to the EU Commission). As the statement of the Lufthansa Group customers can buy tickets without having to pay the new DCC making reservations directly online on the websites of individual airlines, through their call center at the ticket offices at the airport. Even travel agents – says the company – can be used for bookings online portal dedicated www.LHGroup-agent.com. without application of additional DCC of 16 euro.
The companies customers can continue to make their own reservations to the agreed contractual rates (without application of DCC) from the site www.LH.com. Lufthansa has also concluded a new agreement with Concur, a subsidiary of SAP, which will provide corporate customers of the Group, from next year, a platform with special programs for the management of reservations by the site www.LH.com. “We want to work together with travel agents and global distribution systems to provide ticket sales more modern, economical and passenger-oriented – says Bischof -. “And to this end we are developing a range of solutions that will be very soon available for our passengers.” In parallel, the airlines are working on offering a booking platform for key corporate accounts which give direct access to the products and services of the Lufthansa Group.

© ALL RIGHTS RESERVED

Permalink

Stock Exchange: closed down with banks, -0, 24%, run Eni and Saipem – AGI – Agenzia Journalistic Italy

Food

17:42 August 31, 2015

(AGI) – Milan, 31 August – Drop in red the first session of the new week in Piazza Affari: the FTSE MIB stores fell by 0.24% to 21,946 points and the All Share index by 0.2% to 23,584 points. Since the weak all the European markets, in the wake of the decline in Asian stock markets; a recovery attempt in late morning and ‘was negated by starting in fall of Wall Street. Milan, unique in Europe, and ‘managed to limit its losses thanks to the race of Eni, arrived to earn more than 4% after the new discovery in the Mediterranean, which was announced yesterday, the stock closed up 1.53%, exceeded the final by Saipem (+ 2.45%). Declining banks, except for Intesa Sanpaolo (+ 0.31%); contrasted the industrial sector and that of luxury. (AGI) E3 note / Fra

“); addCustomPlayer (’16kmxkfmhwbil1i03yl9pwl8z7′, ”, ”, 300, 360, ‘perf16kmxkfmhwbil1i03yl9pwl8z7′, ‘eplayer2′);} else if (window.location.pathname. match (/ ^ / (show) /)) {jQuery (“# ​​bannerDinamico”). html (“”);} else jQuery (“# ​​bannerDinamico”). remove ();});

Eni drag the Milan Stock Exchange with the giant oil field in Egypt – The Republic

Milan – Eni is rising on the Milan Stock at start of this week, supported by news of the discovery of a big gas field in Egypt. The titles of the six-legged dog are clearly in positive territory and drag upward the FTSE MIB, in a day rather weak for the rest of the global lists; high trading volume, with nearly 5 million pieces that have changed hands since the early minutes of the session (follow the title Live).

Sunday, Eni announced that it had discovered an offshore gas field in Egypt , referred to as the largest in the Mediterranean. According to reports in a statement, the field may have a potential of up to 850 billion cubic meters of gas in place and therefore represent one of the biggest gas finds in the world, located in a residence owned by Eni to 100%. Purchases are also rewarding the associate Saipem (the title), on which Eni has denied media reports about the possibility of a split of the shares held in the capital of that company. But rather to the title of the six-legged dog, the CEO Claudio Descalzi anticipated that the discovery will impact “positively” dividend Eni and along with other “will make the position of Eni in terms of cash flow much more robust than before. “

Arguments:

Eni

Saipem

gas

oil

The Business

Starring:

Eni, open to sell stake in Maxi-field Egypt, said AD – Reuters Italy

       

MILAN (Reuters) – Eni is open to the sale of a portion of the maxi-gas field discovered in the Egyptian, as was the case for the project in Mozambique.

       

He said the CEO of the Italian oil group, Claudio Descalzi, in an interview with La Repubblica, commenting on the discovery of gas, called ‘supergiant’, at the well ‘Zohr 1X’ located at 1,450 meters depth d ‘water with a resource potential of up to 850 billion cubic meters of gas in place (5.5 billion barrels of oil equivalent).

       

This is the largest gas discovery ever made in Egypt and in the Mediterranean Sea and can become one of the biggest gas finds in the world, satisfying the demand of Egyptian gas for decades, Eni said yesterday in a statement.

       

“It ‘an open door, to add value and stability to the financial statements of Eni,” says Descalzi answering the question on the possibility that the Italian group, which has 100% of the license of the field, can sell some.

       

“But will not necessarily so: here there is to spend less than in Mozambique, and the new gas will be mainly in the domestic market place, with prices well defined and disconnected from oil prices, now at minimum of six years” , he specified.

       

The CEO, also interviewed by La Stampa, stressed the particular strategic value since the discovery made in Egypt, where Eni has been operating for over sixty years, and where they can be exploited important synergy with the facilities present.

       

“For Egypt means the energy self-sufficiency, with all that this entails, including greater stability throughout the region. For Italy the opportunity to import a part of the gas that Egypt is not use “, explains Descalzi La Stampa.

       

In particore “a large quantity, but always complementary, may get directly in Italy by ship through the liquefaction plant in Damietta,” the Egyptian system is not currently in operation due to lack of gas, added the CEO in the Republic.

       

As for the time to market of new gas, Descalzi plans to obtain licenses for the development and production within a few months and the opening of the first wells next year.

       

“I expect that in fact the fruits see by the end of the 2015-2018 strategic plan,” he says.

       

On www.reuters.it other news Reuters in Italian. The top news also on www.twitter.com/reuters_italia

       
          © Thomson Reuters 2015 All rights assigns Reuters.

Gas, Eni discovered field records – TGCOM

16:00 – Eni announces a gas discovery of “global significance” in the Egyptian. This would, according to reports from the oil group, the biggest oil field in the Mediterranean, unable to meet the demand of Egyptian natural gas for decades. Based on the data acquired in the well and geophysical evidence available, “the field can have a potential of up to 850 billion cubic meters of gas”.

The discovery is which took place in the Egyptian Sea Mediterranean at the exploration prospect called Zohr, into a well located in 1,450 meters of water depth in block Shorouk, signed in January 2014 with the Egyptian Ministry of Petroleum and the Egyptian Natural Gas Holding Company (EGAS) following a competitive international tender.

From the geological and geophysical information available, and the data acquired in the discovery well – says the six-legged dog – “the supergiant field has a potential of resources f p to 850 billion cubic meters of gas in place (5.5 billion barrels of oil equivalent) and an area of ​​about 100 square kilometers. Zohr is the largest gas discovery ever made in Egypt and in Mediterranean Sea and can become one of the biggest gas finds in the world. ”

“This exploration success will provide a major contribution in the meet the demand of Egyptian natural gas for decades. Eni will be the immediate tasks of delineation of the field to ensure the accelerated development of discovery that makes the best use of existing infrastructure, at sea and on land. The well Zohr 1X, which was drilled to total depth of 4,131 meters, met with about 630 meters of hydrocarbon column in a carbonate sequence of Miocene age with excellent properties The reservoir “.

The structure of Zohr also presents a potential in greater depth, which will be investigated in the future through a well dedicated. The CEO of Eni, Claudio Descalzi, visited in recent hours in Cairo to update the Egyptian president, Abdel Fattah al-Sisi, on this important success, and to talk about the new discovery with the Prime Minister of the country, Ibrahim Mahlab, and with the Minister of Petroleum and Mineral Resources, Sherif Ismail. “ It ‘a very important day for our company and Eni people – said -. This important achievement is the confirmation of our expertise and our capacity for technological innovation with immediate practical application, and It demonstrates above all the spirit of strong cooperation between all the business components that are the basis of these great successes “.

Before you can send, reply to or vote on a comment, you must be registered and login

Registration Login X

Rules for comments

comments on this page are checked

We encourage you to use respectful language and not offensive, even for the harshest criticism

In particular, during the monitoring activity, we reserve the right to remove comments that:

– are not relevant to the issues in website and TV show

– have contained vulgar, obscene or violent

– Let intimidating or defamatory towards people, other people, institutions and religions

– More generally violates the rights of third parties

– Promote illegal activities

– Promote commercial products or services

X

tag:

Eni

Gas

Egypt

Mediterranean

“Popolare di Vicenza on the Stock Exchange – BBC

banks

Milan , August 30, 2015 – 18:13

     
     
 

VICENZA Revolution popular. Banca Popolare di Vicenza will go on the stock market through a real IPO. A choice of breaking with the past, projecting the Beric banking institution into a new dimension, that of finance to 360 degrees and open markets. It will be the market and not the board of directors to fix the price of the shares of Vicenza, already by the spring. This was announced in an interview the managing director Francesco Iorio, in office since June 1.
Iorio, we are the third capital increase in three years …
“It is a vital task for secure the future. We aim for a CET1 indicator to 12 percent, from the current 6.81 and so we want to collect up to a half billion. Up, because that is the maximum amount. “
At what price?
” There will be an increase in capital as the last. The share price will decide the market. We will make a real IPO ( initial public offering , initial public offering), and we are evaluating the option a book building ‘.
So no pre-defined price, no discount on the current 48 euro?
“No. The price will make the market and the value probably will be formed through a mechanism of book building . Who wants to make an offer to buy the shares. More will be high demand, the higher the price. “
Another surprise for members. How shall turn it digest?
“I think that would be a double error if there was an irrational reaction that would lead to yield the title at the worst time. I do see an opportunity in the price of the capital increase and we have to study the mechanisms of reward for older members …. “
What is the time?
” On paper we would like everything – the assembly for processing into spa, pricing and the increase, which will be contextual – would end by the first quarter 2016. The day after the conclusion of the increase bank will be listed. “
is an operation new. But she, who has made him do leave Ubi?
“I am convinced it is better to be the first in a small village in Gaul that the second in Rome …”.
What he found when he arrived in Vicenza?
“I found the inspectors of the ECB which were concluding an inspection of four months, which highlighted the difficulties in the bank.”
The inspection revealed a shortage of capital?
“No. Given that we are still awaiting the final outcome, the inspection did not indicate a lack of capital in the technical sense, but the presence of loans related to the purchase of shares in the bank. Ie, lines of credit opened and used for the purchase of stocks “.
That is, the bank has financed those who underwrote shares of the bank itself?
” Yes. “
> How much is all of these operations?
“The total is just under one billion.”
A low blow …
“The good thing is that this heritage is a potential capital increase embedded in the bank. These trust granted to major customers, I expect that in time it is returned. At that point the capital returns eligible … ‘.
This billion is missing is the final figure will emerge or other?
“Basically it’s all”.
But it is the ECB that is too severe or past the Vicenza has lent money to those who did not deserve credit?
“The ECB is not severe. The ECB simply says, I rate you in two ways: the internal risk control, and here you have not been very good, and then the ability to generate income in the future. Then, seeing the loans, it was an ‘undercover’ than the market average. Today, however, we are only one percentage point below average in March was 5.5 percent. “
His relationship with President Gianni Zonin?
” With President and with the council, we provided a common path that will bring us together and shared certainly until spring. ”
And expectations aggregations?
“We are not in a position to make them. Strengthening is also designed to be able to allow the bank to negotiate at par any eventual merger plan. “
But just a year ago it was said that, concluded the increase in 2014, Banca Popolare di Vicenza was in conditions and not be subject aggregating aggregate …
“The facts show that those funds to the capital increase did not put the bank in a position to be aggregating center …”.
> He’s opening a hypothesis for future lonely?
“I’m opening in a case of strengthening that allows the bank to choose to be alone, if married and with whom.”
Do you think the small shareholder: when will it all end?
“If you are asking me when the title will return to 62.5 euro, I can not answer. But I am confident that next year this bank will return to profit and it is hoped that in the spring 2017 will pay the dividend. “
© ALL RIGHTS RESERVED

August 30, 2015 (modified August 30, 2015 | 18:13)

© ALL RIGHTS RESERVED

Eni: Renzi congratulates Descalzi to field in Egypt – AGI – Agenzia Journalistic Italy

Economy

17:21 August 30, 2015

(AGI) – Rome, Aug. 30 – The President of the Council, Matteo Renzi, and ‘congratulated the CEO of Eni, Claudio Descalzi, the important discovery of an offshore gas field in Egypt. “Congratulations to Eni for this extraordinary result of a research project that is part of the relations between Italy and Egypt, with a strategic economic partnership that concerns our country and more ‘in general the whole African continent” , said Renzi. Palazzo Chigi has also indicated that the prime minister had a telephone conversation with Egyptian President Abdel Fattah al-Sisi, “to comment with the impact of this discovery on established ‘Energy in the Mediterranean and more’ in general the prospects of development the region “.

“); addCustomPlayer (’16kmxkfmhwbil1i03yl9pwl8z7′, ”, ”, 300, 360, ‘perf16kmxkfmhwbil1i03yl9pwl8z7′, ‘eplayer2′);} else if (window.location.pathname.match ( / ^ / (show) /)) {jQuery (“# ​​bannerDinamico”). html (“”);} else jQuery (“# ​​bannerDinamico”). remove ();});