Hamburg / Kiev, 29 November 2010 – From December 2010 on, the EOS Group (www.eos-solutions.com), an Otto Group company, enters the Ukrainian market. The new local company TOV EOS Ukraine offers debt collection and debt purchase to clients in Ukraine.
Архивы рубрики ‘Economics’
U.S. investment firm Apollo Management intends to submit a joint bid with one of the parties interested in buying the company CKX, which owns the rights to show “American Idol”.
The fund, is focusing on Eastern European countries which are going through development stages. These changes, creates market opportunities which can support the country growth and population needs. EDIFEE will support mostly the private sector by financing projects that are in the benefit of the country’s growth. The support will be provided in several types of financing solutions – equity loans, investment loans, grants and credit lines. The common element for each transaction is the ability of EDIFFE to provide flexibility and open minded solutions also for “start up’s ” companies who start their activity in Ukraine.
Credit Suisse Group will buy a minority stake York Capital Management not less than $ 425 million to provide its customers access to investment funds managed by this American hedge fund. The size of the acquired shares has not been disclosed.
Risk evasion continued Tuesday allowing the U.S. dollar and Japanese Yen to maintain their positions against the background of lack of economic reports planned earlier. First of all, it was caused by the expansion of spreads of Irish and Italian bonds giving rise to anxiety towards some EU member states. Even Obama’s promise to cut business activity tax by $ 200 bln. couldn’t abate investors’ fears of taking risks.
By the end of the trading session, the MSCI Asia Pacific index grew by 1.47% to 756.82 points. Japan’s Nikkei 225 saw growth by 2.05% to 9301.32 points. China’s Shanghai Composite increased by 1.54%, while Taiwan’s Taiex went up by 0.78%. South Corea’s Kospi gained 0.70%. India’s Sensex grew by 1.86%.
As if to commemorate the Labor Day, the long-awaited report has brought some optimism in the U.S. labor market somewhat lessening fears of a repeated national economy recession. With the exception of the agricultural sector, the employment level fell by 54 thousand jobs, with almost double figure predicted earlier.
Recently B.Bernanke stated that the FRB is ready to intervene when required. One more disappointing report may push the FED to a new stage of quantitative easing strategy. Therefore, let us proceed to our monthly task of trying to predict the course of employment indicators using pay-roll record data.
U.S. soup producer Campbell Soup has reported the net profit for the fourth quarter ending August 1 at the amount of $ 113 mln., or 33 cents per share, comparing to $ 69 mln., or 20 cents per share in the previous year, with the forecasted profit of 30 cents per share.
Thursday, October 2, the principal Asian markets, with the exception of Indonesian and Thai markets, closed in green. According to yesterday’s data, the ISM index grew in July from 55.5 to 56.3 points, surpassing analysts’ forecast of a decrease towards 53 points.