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Analyst removes 'sell' rating from Rogers, says challenge from Videotron overblown
2014-07-17 10:06:08| Telecom - Topix.net
With Rogers Communications stock down nearly 15 per cent in the past six months - making it the worst performer among its Canadian peers - at least one analyst says the market seems to have factored in problems facing the Toronto-based company and overblown the potential for Videotron to challenge its wireless business.
Tags: rating
sell
challenge
analyst
Telefonica to sell bonds to cut Telecom Italia stake
2014-07-17 08:54:00| Telecompaper Headlines
(Telecompaper) Telefonica has announced its intention to sell EUR 750 million of bonds that can be exchanged for Telecom Italia shares, the first time it has showed a willingness to cut its stake in the incumbent Italian operator. In a statement to Spain's market regulator CNMV, Telefonica said the bonds will carry a fixed annual interest rate of between 5.25 percent and 6 percent and would mature in three years. However, they could be converted at any time before that or paid in cash if certain conditions are met. The mandatory exchangeable bond is a way for Telefonica to reduce its near 15 percent stake in Telecom Italia by about 5 percent, according to unnamed sources close to the transaction cited by Reuters. "This is a way for Telefonica to sell part of its stake in Telecom Italia while ensuring against downside risk if the shares lose value in the next three years," said one of the sources, with another adding that the exchangeable bond "is invariably going to lead people to ask what Telefonica plans to do with the rest of its stake in Telecom Italia."
Australia: We'll sell next ETS better, says Shorten
2014-07-16 22:59:00| Climate Ark Climate Change & Global Warming Newsfeed
AAP: With the carbon tax gone, Labor will continue to pursue emissions trading scheme, Bill Shorten says. Bill Shorten has vowed Labor will take an emissions trading scheme (ETS) to the next federal election, despite the carnage climate policy has inflicted on past Labor leaders. Carbon pricing became political poison for the former Labor government, contributing to the downfalls of both Julia Gillard and Kevin Rudd. But Mr Shorten has re-committed his party to pursuing an ETS in the wake of...
P&G To Sell Sulfonation Production Unit
2014-07-16 07:00:00| Happi Breaking News
Stepan to take over Brazilian facility.
Tags: sell
production
unit
Oilex to sell gas from Cambay Field in India
2014-07-16 01:00:00| Hydrocarbons Technology
Oilex has secured Indian approval to sell gas from its Cambay-73 well in the Cambay Field to the local market.
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