I bastoncini del Capitan Findus cambiano “armatore”: per 2,6 miliardi

Capitan Findus e Capitan Romano Pisciotti lavorano insieme
Capitan Findus

 

I bastoncini Findus passano di mano, ancora una volta. A vendere è il fondo Permira che dal 2006 controlla la multinazionale dei surgelati, Iglo Group, e dal 2010 detiene anche il marchio italiano conosciuto per il trancio di merluzzo surgelato e impanato che da decenni convince i bambini a mangiar pesce. A subentrare al private equity che in passato aveva investito in Dr Martens, Valentino e Hugo Boss, è la società d’investimento quotata da un anno alla Borsa di Londra, Nomad holding, che ha messo sul piatto una maxi-offerta di 2,6 miliardi di euro.

Romano Pisciotti, leggendo IL SECOLO XIX…..leggi l’articolo completo sul quotidiano

Global shares nosedive on China economic woes

Chinese flag posted by Romano Pisciotti
Chinese flag

 

Romano Pisciotti surfing web:

 

Stock markets across the world have fallen sharply as fears of a Chinese economic slowdown continue to haunt investors.
London’s FTSE 100 index closed down 4.6% at 5,898.87, with major markets in France and Germany down by 5.5% and 4.96% respectively.
In total, £73.75bn was wiped off the , 100 as a result of Monday’s falls.
Wall Street’s Dow Jones initially fell 6%, but recovered to trade just 0.8% lower.
At one point it fell below 16,000 for the first time since February 2014, while the technology-heavy Nasdaq index was 1% lower, recovering from an earlier plunge of 8%.
Shares in Asia were hit overnight, with the Shanghai Composite in China closing down 8.5%, its worst close since 2007.
At its lowest point in the day, the FTSE 100 had lost as much as 6%, wiping some £100bn off its value.
Global investors are worried about growth in the world’s second largest economy.

Acciughe gettate nel bosco per far salire i prezzi, caccia a un grossista

LA NOTIZIA ( Dal Secolo XIX ) :

Sestri Levante – Pesce fresco buttato per fare alzare il prezzo di quello in vendita sui banchi del mercato. Era questo, secondo gli investigatori, l’obiettivo di chi sabato notte ha gettato 800 chili di acciughe nei boschi di Sestri Levante e Casarza Ligure. Guardia Forestale e carabinieri cercano l’ autore, forse un grossista: telecamere hanno registrato il passaggio di un furgone sospetto. Venerdì e sabato, fanno notare i consumatori, i prezzi delle acciughe sono saliti fino ad oltre 10 euro al kg.

yhr3ffd24964-u230111630740fac-u230116400696sud-384x294@ilsecoloxix-savona-ksse--390x180@ilsecoloxixweb_265x122

COMMENTO ( ROMANO PISCIOTTI) :

Non scandalizziamoci, da sempre funziona così nell’Unione Europea: si buttano tonnellate di prodotti agricoli per mantenere il prezzo. la differenza sta solo tra ciò che è ufficiale e ciò che non lo è; ciò che non è ufficiale fa scandalo e può essere reato, come le baronie dell’antitrust, il cartello del petrolio o di altri prodotti e servizi è ufficiale e il popolo pecorone paga !!! Se il cartello non è ufficiale è reato.

Ovviamaente, con ciò  non voglio dire che questo signore abbia fatto bene a buttare le acciughe nel bosco (…..forse quest’autunno troveremo le castagne sulla spiaggia ), ma che parlare di globalizzazione e poi creare artificiosamente i prezzi delle merci è un controsenso.

New Falklands oil discovery could stir trouble with Argentina

By Andrew Critchlow, Commodities editor

A new oil discovery in waters around the Falklands is likely to enrage the Argentinian government, which is seeking to criminalise UK drilling companies working around the South Atlantic islands.
Rockhopper has said that it has found initial signs of oil at its Isobel Deep exploration well in the North Falkland Basin, which is approximately 25 miles south of the Sea Lion field.
In April, Argentina threatened to sue Rockhopper and two other UK-listed oil exploration companies in a bid to prevent any further development of potential oil resources in the area. Argentina has also threatened to extradite any executives implicated in the potential suit. Rockhopper’s latest find could further provoke Buenos Aires.

Falkland-Islands_2166927b

Rockhopper along with Falkland Oil and Gas and Premier Oil are exploring for oil in the north Falklands Basin and recently made a significant find at the Zebedee exploration well. It is thought that around 1bn barrels of recoverable oil may exist around the Falklands, which Britain fought to defend in 1982 following the Argentinian invasion.
In response to the extradition threats from Argentina, Foreign Secretary Philip Hammond hit back by accusing the government of Cristina Fernández de Kirchner of “an outrageous abuse of international procedure”.

AIM-listed Rockhopper and its partners are now poised to make a firm investment decision on the development of the Sea Lion prospect, which could become the first field in the Falklands to go into commercial production. Sea Lion could produce up to 60,000 barrels per day (bpd) of high-quality crude by the end of the decade.

Sam Moody, chief executive of Rockhopper, said: “Following the discovery at Zebedee we are delighted to have made another discovery in this North Falkland Basin exploration campaign.”
Oil drillers are expanding their search into remote areas such as the Falklands as opportunities for new discoveries in areas such as the Middle East dry up. Although crude continues to trade well below $100 per barrel, demand for oil is expected to grow significantly over the next 25 years. According to the Organisation of the Petroleum Exporting Countries (Opec), oil demand will hit 111m bpd by 2040, up from around 93 bpd at present.

kirchner_2239166b

The search for oil around the Falkland Islands began in the early 1970s, when rudimentary surveys identified tentative signs that oil may be locked under the seas around the islands, which lie 8,000 miles from the British mainland. However, oil exploration in the area has only really taken off in the last 10 years as new technology made it easier to find resources offshore.
“We will decide the next actions in appraising the (Isobel) discovery over the coming weeks while the rig is drilling to the south of the Falkland Islands,” said Mr Moody.

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Cina, terza svalutazione dello yuan in tre giorni

Terza svalutazione in tre giorni per lo yuan da parte della Banca centrale cinese per rafforzare l’economia. People’s Bank of China, ancora una volta senza preavviso, ha ‘aggiustato’ il tasso di cambio giornaliero in ribasso di un altro 1,1% a 6,4010 contro il dollaro Usa.

Martedì la banca aveva svalutato la prima volta la moneta cinese dell’1,9%, ieri dell’1,6%. La banca centrale deve ancora confermare l’operazione, ma il cambio è segnalato sul sito ufficiale del China Foreign Exchange Trade System.

Romano Pisciotti focus on yuan USA vc China
yuan USA vc China

Romano Pisciotti

What the yuan devaluation means around the world

For the second day in a row, China has cut the value of its currency, the yuan.

yuan against dollar
yuan against dollar

 

China is now the number one trading partner for most African countries.
In an effort to make the buying and selling of goods much easier, some states introduced the yuan into their foreign exchange system.
In 2011, the Nigerian Central Bank pledged to store between 5%-10% of its foreign reserves in yuan, alongside dollars and euros.

At the time, the Chinese economy had the highest growth rates in the world.
Nigeria believed that looking east would help protect the local currency, the naira, against the volatility of oil prices set in dollars.
Later on Kenya, whose port is a major gateway for Chinese goods, announced plans to set up a clearing house for the Chinese currency.
It was hoped that at the port of entry, Chinese clients selling manufactured goods could pay excise and taxes, and get their goods into the local economy speedily.
The immediate impact of the devaluation of the yuan cannot be seen or measured, but countries that have taken steps to transact in Chinese money could see pressure on their own local currencies.

Read more on BBC news

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Pisciotti Romano

China devalues yuan

The People’s Bank of China allowed the yuan to depreciate by nearly 2% against the U.S. dollar on Tuesday, the result of a surprise policy change that roiled international currency markets.

yuan
yuan

 

The central bank said it had decided to allow market forces greater control over the yuan, and announced a major change in how the currency’s daily “fix” or “midpoint” will be calculated.

The sudden devaluation is the largest in two decades, and comes amid a period of slower economic growth and increased stock market volatility in China. The move, announced before the market open on Tuesday, quickly rippled through global currency markets, sparking questions over Beijing’s timing and intentions.

 

 

August 2015,

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…follow closely

Bank votes 8-1 to keep UK rates at record low

UK interest rates have been held at 0.5% again by the Bank of England’s Monetary Policy Committee (MPC).

BANK
BANK

MPC members voted 8-1 to keep rates on hold – the first time for months the decision has not been unanimous – with Ian McCafferty voting for an increase.
In its latest Inflation Report, the Bank said the outlook for inflation was “muted”, leading some economists to say a rate rise could now be delayed.
However, Bank governor Mark Carney said a rise was “drawing closer”.
Aberdeen Asset Management chief economist Lucy O’Carroll said: “Those analysts who predicted a rate rise this year may be on brink of having to rip up their predictions.”
Many analysts had anticipated that two or three policymakers would vote for a rate increase. But the Bank said a collapsing stock market in China and continuing talks over Greece’s debts mean the outlook for global growth was muted.
Energy prices fall
The Bank of England said it expected inflation to be back to its 2% target in two years’ time.
Standing in the way of the Bank’s desire for higher inflation is a drop in oil prices and energy costs in general, as well as a rise in the value of sterling, which the Bank estimates has risen 3.5% since May.

The timing for a Bank rate increase is “drawing closer”, Mr Carney said in a news conference, but cannot “be predicted in advance”. The decision would be determined by looking at economic data, he added, including wage growth, productivity and import figures.
The increases, when they came, would be “gradual” and limited to a level “below past averages”, he said, which is in line with his previous forecasts of how rates will change.

 

Economy ‘in need of care
This Thursday marks the first time the Bank has released the monthly rate decision at the same time as the minutes of the Bank’s Monetary Policy Committee meeting, without the hitherto normal fortnightly gap, and has been named by pundits as Super Thursday.
“It would have been imprudent to push through a rate rise at this moment when our economic recovery remains in need of care and encouragement,” said John Longworth, director general of the British Chambers of Commerce.

“Rates will eventually have to rise and when they do, it should be done slowly and steadily. Until that moment, the Bank of England is right to keep interest rates at current levels.”
The MPC voted unanimously to continue to hold the UK’s bond-buying programme at £375bn.
The pound fell sharply against other currencies as analysts put back their forecasts of when the Bank might start to raise rates.
Sterling fell by a cent against the dollar before recovering slightly to stand at $1.5511, and was down nearly one euro cent against the euro at €1.4218.

Read Robert’s blog in full

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CAR COLLECTION – Ferrari

http://money.cnn.com/gallery/autos/2015/07/29/pinnacle-portfolio-auction-cars/index.html

Ferrari " Enzo "
Ferrari ” Enzo “

Estimated value: $4 million to $6 million

There’s something extra special coming to Pebble Beach car week in August. RM Sotheby’s will be selling off the most valuable collection of cars ever auctioned by a single owner.

There are 25 cars in all. They’re expected sell for a total of more than $80 million. Sotheby’s will not name the wealthy American collector selling the cars. He simply wanted to “refocus” his collection and is selling a portion of it.

One of the headline cars is this 2005 Ferrari Enzo, named after founder Enzo Ferrari. Only 400 of the 660 horsepower V12 supercars were built. Originally it had a base price of almost $700,000. This was the last one built, which Ferrari gave to Pope John Paul II. He requested it be auctioned with proceeds going to victims of the 2004 tsunami. At the time, it was sold by Sotheby’s for $1.1 million.

 

Romano Pisciotti, surfing web

Romano Pisciotti
Romano Pisciotti

I’m with the lion Cecil

Africa 2020 presents exciting opportunities for asset managers: PwC report | Business in Africa

http://africabusiness.com/2015/07/30/africa-2020/

 

 

 

 

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