Short DAX at 7740

Quote from ASusilovic:

June 25 (Bloomberg) -- Daimler AG, Bayeriche Motoren Werke AG and Volkswagen AG’s Audi unit are adding staff and cutting summer factory breaks to boost production as demand for luxury cars returns quicker than they had planned.

Daimler’s Mercedes-Benz has hired 1,800 temporary workers and added Saturday shifts at two German plants making the SLS gull-wing sports car and E-Class convertible, spokeswoman Dominique Albrecht said. BMW has hired 5,000 temporary workers, while Audi is adding extra shifts, the automakers said.

http://noir.bloomberg.com/apps/news?pid=20601087&sid=a_E5S9udDbRU&pos=7

German tabloid "Bild" is talking about the new German "Job Wunder"...:cool:
More...

Automakers were lower on Friday, with Daimler shares down 1.4% and Volkswagen shares down 1.4% after both firms were downgraded to neutral from buy at UBS on Friday.

UBS = we missed the train and need to jump on...:cool:
 
WASHINGTON (MarketWatch) -- House and Senate lawmakers on a committee to work out differences in two different, sweeping bank reform bills approved early Friday morning the most significant change to the regulation of U.S. banks since the Great Depression, placing new restrictions on the nation's biggest banks, reining in the Federal Reserve and crafting a major new consumer-protection division for mortgage and credit-card products.

http://www.marketwatch.com/story/house-senate-panel-oks-sweeping-bank-reform-2010-06-25

Finally done. Can we go back to business now ?
 
Germany's Aareal said Monday that it will pay a first tranche of 150 million euros to Germany's Special Fund Financial market stabilization. The real estate firm said that the payment will be made earlier than originally announced.
 
Standard Chartered earned 82 percent of profit last year from corporate banking, led by Michael Rees, which added 450 employees in sales, support and control roles. The lender raised $540 million by selling shares last month in India, its second most profitable market after Hong Kong.

Net interest margin, which measure banks’ profitability from lending, has “fallen fractionally” compared with 2009, Standard Chartered said today.

“Economic conditions continue to improve across our geographies and business activities levels are increasing,” said Chief Executive Officer Peter Sands in the statement. The group is heading “towards a strong performance in the first half of 2010,” the statement said.

Improve across geographies and business activities levels are increasing...:cool:
 
Siemens said Tuesday it expected "strong profitability" in the third quarter of fiscal 2010. Growth in new orders and revenue will exceed the prior-year figures, the first such development since the fourth quarter of fiscal 2008, Siemens said. "A recovery in the company's short-cycle businesses and strong demand in the emerging countries" will be driving these gains, the firm said. In the third quarter, total sectors profit -- a key measure -- was likely to closely approach the results from operations in the previous quarter while including no significant one-time effects. In the second quarter, Siemens reported total sectors profit of €2.1 billion. However, all third-quarter projections reflect substantial currency translation effects due to the strength of the U.S. dollar during the quarter, Siemens said.
 
The yield on the US 10-year Treasury has dropped below 3 per cent, while the yield on the 2-year note has breached 0.6 per cent, a record low...

0.6 % on 2-year note. Ha, ha, ha. Sh.t pants de luxe...

PampersKingSize.jpg
 
June 29 (Bloomberg) -- Deutsche Bank AG, Commerzbank AG and Bayerische Landesbank passed a stress test that evaluated how about 25 European lenders would weather an economic downturn, said three people familiar with the results.

The three German lenders’ core capital ratio, a key measure of financial strength, remained at 6 percent or higher under the economic scenario, said the people, who declined to be identified because the information is confidential.

The results are based on data from April that were passed on to the Committee of European Banking Supervisors, the people said. European Union leaders pledged on June 17 to disclose the results of tests by the end of July showing how banks would perform under scenarios such as slower-than-forecast economic growth.

Deutsche Bank spokesman Ronald Weichert declined to comment. A Commerzbank spokesman had no immediate comment. A BayernLB spokesman couldn’t immediately be reached.
 
You must log in or register to reply here.
Back
Top