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Everything posted by rollover

  1. Russia's Kalashnikov arms producer sees first net profit in 7 yearsThe company's general director Alexey Krivoruchko said Kalashnikov doubled production in 2014 despite sanctions,up 28% from 2013.
  2. You are contradicting yourself with words and thoughts. Damik lies 24/7 ...
  3. Kerry said the United States agrees that there is no military solution to the Ukraine crisis. At the same time, U.S. officials say Obama is rethinking his previous opposition to sending arms to Ukraine despite fears it could lead to a proxy war between Washington and Moscow. http://www.dailymail.co.uk/wires/ap/article-2944538/Kerry-US-Europe-not-divided-Ukraine-response.html
  4. Leaders aim to meet in Minsk on Wednesday on Ukraine crisisThe leaders of Russia, Ukraine, Germany and France aim to meet in Minsk on Wednesday to continue work on resolving the crisis in Ukraine after holding a conference call on Sunday, a German government spokesman said in a statement.
  5. McCain blasts Europe's approach to Ukraine conflict 'a joke: give them weapons to defend themselves.
  6. Russia, European powers agree to draft Ukraine peace planThe leaders of Russia, Germany and France agreed during late-night talks in Moscow to draw up a plan to end fighting in Ukraine. A spokesman for Russian President Vladimir Putin said that more than four hours of talks that wrapped up early Saturday saw the leaders agree on the drafting of a blueprint that would also include proposals from Ukraine's Petro Poroshenko. No details of the plan were released. A French official also called the talks "constructive and substantial" and said work was being done to pull together a document. On Friday, US Vice President Joe Biden said Ukraine was battling for survival. "We, the US and Europe as a whole, have to stand with Ukraine at this moment." President Putin continues to call for new peace plan. Meanwhile in US: The Obama administration is debating whether to take that step and escalate the conflict that has been raging for nearly a year.
  7. The anxiety is encapsulated in the sudden rush to Moscow by Angela Merkel and François Hollande. To senior figures closely involved in the diplomacy and policymaking over the Ucraine. Franco-German peace bid is less a hopeful sign of a breakthrough than an act of despair. That Merkel has gone to Moscow is telling in itself and speaks to the sudden gravity of the situation. Only a few weeks ago she vetoed a summit in Kazakhstan with Putin because she believed there was no point negotiating with someone she no longer trusted. http://www.theguardian.com/world/2015/feb/06/vladimir-putin-west-divisions-war-ukraine
  8. Russia's Rusagro says Q4 sales rise 25 pctRussian farming conglomerate Rusagro Group said on Friday its fourth-quarter sales rose 25 percent to 21.55 billion roubles ($325.06 million) after a 68 percent jump in the previous quarter. The pork and sugar producer said earlier it planned to post the highest annual net income in its history in 2014, boosted by Russia's ban on Western meat imports. The company also said sugar division revenue increased by 16 percent in the last quarter of 2014 in annual terms to 5.9 billion roubles while meat division sales were up 72 percent to 5 billion roubles.
  9. A spokesman for the Kremlin said Mr Putin would discuss "the fastest possible end to the civil war in south-eastern Ukraine", without elaborating. http://www.bbc.co.uk/news/world-europe-31158925
  10. Rocky market could prompt oil mega-mergers as price fall forces drastic decisionsAfter six months of falling oil prices, analysts have pointed to a possible mega-merger between the majors. Graham-Wood pointed to another consequence of capex reduction specific to BP. “By reducing capex – it means they are downsizing the company,” he stated. “If you look at the cashflow, inflow is reduced dramatically because of oil price but outgoings are huge because of the dividend.” BP chief executive Bob Dudley said yesterday that increasing value for shareholders remains the company’s “first priority.” Kim Fustier at Edison Investment Research, told City A.M. BP should never have made a commitment to increasing the dividend. “It’s not prudent,” she said. “And I think the market will crucify them if they start cutting it.” Worse than the reputational damage the company could face though is the fact that being tied in to an ever-growing payout to shareholders has the potential to leave BP open to attack. “BP is extremely vulnerable and could be bought tomorrow,” cautioned Graham-Wood, who continued: “And it would be a good deal for whoever got them.” But whether or not a deal does take place in the next 12 months, the current oil market has, as Graham-Wood put it, “sorted the men from the boys”. He advised: “If you want solid stable dividend increases you have to go with Shell or Exxon – if you want to play the roulette wheel it’s BP.”
  11. BP share price rises, despite profit slumping as oil price slideBP share price opened up this morning after the oil and gas giant reported better than expected results for the year. Underlying profits in the final three months of 2014 were down 20 per cent on a year earlier at $2.2bn (£1.5bn). Including a $3.6bn write-down, reflecting the lower value of its operations and reserves in light of the oil price, BP reported a loss for the quarter of $969m. For the full year, profits fell 10 per cent to $12.1bn. It is also cutting capital expenditure by $4bn-$6bn this year. In the UK, industry leaders have called for tax cuts to prevent expedited platform closures and protect the 440,000 people employed in the industry in the country.
  12. Fracking just doesn’t pay, so why bother?What few people say, but is surely relevant, is that for a large number of people, fracking has been an extremely good way to lose a great deal of money. The fact that it and shale oil tend to be lousy investments is one reason big oil companies such as Shell, having tried it, are now heading rapidly in the opposite direction. In a huge number of the sites in America the return on investment is negative. It costs virtually as much to get the stuff out of the ground and to keep it coming than it is worth. This was the so even before the oil price collapsed — it is even more so now. The problem is that production from fracking wells declines precipitously almost from the beginning. It is common for the flow even from a good well to decline by half to two-thirds after one year and between 80% and 95% after 36 months. Simply keeping the gas flowing frequently requires massive further investment, and that can easily flip into pouring good money after bad. Independent industry observers reckon that in 2012 and 2013, well before the price collapse, companies in the US were spending around $42 billion (£27.9 billion) a year to maintain production. The value of gas produced was reckoned to be $32 billion. However, the bigger point is that most of the current fracking oil output from wells in the US will run dry in the next two years. At present prices there will be little new investment to get further production. Obviously some producers make money, but a lot more prefer not to do the sums properly. A couple of big fields account for 80% of US production. Behind them comes a very long and expensive tail of businesses kept alive by hope, hype and cheap loans, and which are unlikely ever to make serious money. The business is not the bonanza it’s made out to be. Fracking — if it comes to the UK — will not necessarily mirror the US experience but a lot of ingredients are already there including high and speculative estimates of reserves which gloss over the costs and difficulties of getting the stuff out at reasonable cost. Estimates of the jobs it would create and the economic growth it would deliver both sound good, but you would probably get more of both spending the same amount of money on new housing or superfast broadband.
  13. Oil majors cut spending as ‘black gold’ price tumblesBP and BG Group have slashed $9 billion (£5.98 billion) from their capital-spending plans, bringing the total cuts to planned investment by oil majors to $35 billion. The FTSE 100 giants posted huge damage from the slump — between them announcing fourth-quarter losses of nearly $9 billion on the back of $12.5 billion of writedowns. The duo signalled they expect a prolonged period of subdued prices as they slashed investment budgets.
  14. What? Set a precedent! Some could face a nasty surprise about their EU joint finances.
  15. The number will get smaller. Who still want to invest in fracking?
  16. Very simple! Why ukraine does not follow them. They only gamble and just lose it again.
  17. Greece’s government will not cooperate with the EU and IMF mission bankrolling the country and will not seek an extension to the bailout programme, its finance minister said on Friday. Varoufakis said he had assured Dijsselbloem that Athens planned to implement reforms to make the economy more competitive and have balanced budgets but that it would not accept a “self-fed crisis” of deflation and non-viable debt. In turn, Dijsselbloem said he had told the new government to respect the terms of the existing agreement between Greece and the eurozone and warned against taking unilateral steps, saying it was important not to reverse progress made so far. http://www.theguardian.com/business/blog/live/2015/jan/30/greece-awaits-meeting-with-eurozone-finance-chief-live-updates
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