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PostHeaderIcon El BCE facilita el camino para un acuerdo con Grecia

BRUSELAS (Dow Jones)–El Banco Central Europeo ha hecho concesiones clave sobre sus tenencias de bonos del gobierno griego que contribuirán a reducir la carga de deuda del país, según fuentes informadas sobre la negociaciones de reestructuración de deuda de Grecia.

El BCE acordó canjear bonos del gobierno griego que adquirió el año pasado en el mercado secundario a un precio inferior al valor nominal, siempre que las negociaciones de reestructuración de deuda tengan un resultado exitoso.

Associated Press

El BCE no tendrá una pérdida en la transacción, pero no está claro si el banco canjeará los bonos a precios inferiores al valor nominal a los cuales los adquirió o si tendrá una ganancia, indicaron las fuentes.

Un vocero del BCE no quiso comentar al respecto.

La idea es que el BCE intercambie los bonos griegos por bonos del Fondo Europeo de Estabilidad Financiera, el fondo temporal de rescate de la eurozona. El FEEF no tendrá los bonos en su hoja de balance, pero regresará los bonos a Grecia y entonces Grecia acordará repagar al FEEF por el precio de compra de los bonos.

El acuerdo podría reducir la deuda de Grecia en hasta EUR11.000 millones, estiman analistas, la diferencia entre el precio de compra del BCE y su valor nominal.

© 2011 Wall Street Journal (www.wsj.com)

PostHeaderIcon Carell on campaign: God’s gift to comics

Editor’s note: Watch the interview with Steve Carell and David Steinberg on Monday night. “Piers Morgan Tonight” airs at 9 p.m. ET weeknights on CNN.

Watch Piers Morgan Tonight weeknights 9 p.m. ET. For the latest from Piers Morgan click here.

PostHeaderIcon Carros agora vêm com Facebook e Twitter

As montadoras americanas, despreocupadas com regras mais rígidas sobre a distração no trânsito, estão acumulando novas tecnologias em seus veículos, desde telas de 17 polegadas no painel até serviços que acessam o Facebook e compram ingressos de cinema on-line.

Com os consumidores cada vez mais colados aos seus aparelhos eletrônicos e acostumados com um fluxo constante de informação, as montadoras estão lançando o que chamam de “carro conectado”. Esses veículos podem fazer de tudo, desde reservar lugares num restaurante até mostrar mensagens do Twitter — tudo isso a cem quilômetros por hora.

Ford Motor Co.

O Sync, da Ford, foi o primeiro sistema a conectar o celular ao painel do carro

E há outras novidades a caminho. Software para importar para os carros aplicativos feitos para o iPhone e o Android deve chegar ao mercado em breve.

As novas tecnologias de conexão estão ganhando importância para as montadoras, cada vez mais interessadas em atrair motoristas mais jovens, que em vários mercados maduros, como os EUA, estão optando por não ter carro.

A General Motors Co. vai lançar no segundo trimestre um painel de oito polegadas com tela de toque para aplicativos, navegação na web e música on-line, que pode ser ativado por voz, toque na tela ou controles no volante. A Ford Motor Co. já permite que os motoristas enviem e recebam mensagens via Twitter e ouçam música on-line por meio da sua tecnologia Sync. Os novos Mercedes-Benz que serão lançados no segundo trimestre vão acessar o Facebook e fazer pesquisas no Google. Quem dirigir um desses Mercedes não poderá digitar textos enquanto o carro está se movimentando, mas frases pré-gravadas podem ser selecionadas com um clique.

Os clientes dizem que amam os recursos eletrônicos. “Gosto do visual”, disse Jamie Walters Kaye, 38, executivo de uma produtora de televisão que recentemente comprou um Ford 2012 com o sistema Sync. “É verdade que distrai um pouco, mas me permite avançar com meu trabalho enquanto estou dirigindo, sem ter que olhar para o celular. Posso fazer tudo com comandos de voz.”

As montadoras dizem que as funções desses sistemas que permitem comandá-los por voz, deixando as mãos livres, são seguras — ou, pelo menos, mais seguras do que permitir ao motorista procurar um número teclando na lista de contatos do celular, para iniciar uma chamada ou mandar uma mensagem de texto. Elas vêm argumentando com os reguladores que se pode conseguir mais segurança com comandos de voz e funções embutidas no volante.

“Não é possível impedir” essa evolução, disse Michael Sprague, diretor de marketing da divisão norte-americana da coreana Kia Motors Corp. “Os clientes vão continuar a usar o celular enquanto dirigem, e tudo o que podemos fazer, como fabricantes, é oferecer o que eles estão pedindo e dar aos recursos o máximo de segurança.”

Rob Reynolds, diretor executivo da FocusDriven, grupo de prevenção da distração ao volante, disse que um recurso “com mais segurança” não é a mesma coisa que um recurso “seguro”. “A atitude das montadoras é tornar a distração ao volante mais segura do que nunca”, disse Reynolds, cuja filha de 16 anos morreu em um acidente causado por um motorista distraído. “Eles estão colocando um filtro bem grande no cigarro, de modo que vai levar mais tempo para matar o usuário.”

As montadoras apontam para estudos, inclusive um feito por pesquisadores do Instituto de Transportes da Universidade Estadual da Virgínia que mostram que falar ao celular aumenta o risco de um acidente ou quase-acidente em 1,3 vez, enquanto teclar um número no aparelho aumenta o risco 2,8 vezes. Enviar mensagens de texto aumenta em 20 vezes a probabilidade de alguém se envolver em um acidente ou quase acidente.

Esses dados, obtidos através de centenas de horas de monitoramento por câmeras das pessoas dirigindo no dia-a-dia, levaram as montadoras e o governo à conclusão de que as atividades com “mãos livres” são seguras. Outros estudos, inclusive um feito por Michael Strayer, pesquisador da Universidade de Utah, mostram que falar ao telefone, seja com as mãos livres ou não, é igualmente perigoso. A maioria dos novos sistemas eletrônicos nos carros têm controles por tela sensível ao toque.

Telefonar com as mãos livres enquanto se dirige “não é o grande problema dos motoristas dos EUA”, disse o secretário dos Transportes do país, Ray LaHood, depois que uma proposta feita em dezembro pelo Conselho Nacional de Segurança nos Transportes pediu uma proibição total do uso de celulares pelos motoristas. Outro grupo, a agência do governo de segurança nas estradas, ou NHTSA, está estudando a distração cognitiva causada pelas novas tecnologias, e deve divulgar um relatório no fim do ano.

© 2011 Wall Street Journal (www.wsj.com)

PostHeaderIcon Japan and China pledge euro help

Leaders in Japan and China have said they will help the eurozone solve its debt crisis through the International Monetary Fund (IMF).

Japanese Finance Minister Jun Azumi met Chinese Vice Premier Wang Qishan in Beijing on Sunday.

Last month the IMF said it may need to increase lending by $600bn to counter the effects of the eurozone crisis.

However the two countries said members of the regional bloc would also have to do more.

"We agreed that Japan and China will coordinate closely and will jointly respond to the IMF," said Mr Azumi.

"European countries need to do more, although (the situation), including with Greece, is headed in a good direction", he added.

Mr Azumi said the two countries had not discussed the amount of any funding support through the IMF.

Earlier this month Chinese Premier Wen Jiabao said China was considering increasing its role in providing funds for Europe, but he said authorities were still deciding what form that would take.

© 2011 BBC News (www.bbc.co.uk)

PostHeaderIcon Experts shaping Next Generation Broadband at QITCOM 2012

QITCOM 2012, the pre-eminent platform for the information and communication technology (ICT) sector in Qatar, is preparing to host discussions on the country and region’s most relevant ICT issues from the 5-7th March at the National Convention Centre, Qatar.

With Next Generation Broadband investment high on the agenda for most governments and Qatar’s national broadband plan envisaging a broadband network which will deliver Fiber-to-Home (FTH) to 95% of the population by 2015, the event’s conference on “Broadband, Network and Infrastructure” is expected to attract large numbers of industry experts, ICT stakeholders and business leaders.

Mr. Ali Al-Khulaifi, QITCOM organising committee chairman said, “As broadband takes its place as an infrastructure, it must meet universal coverage, it must be high-performance, and open to a variety of user characteristics. The future broadband network should see development of these trends, feature high bandwidth, be open, and affordable. These issues will all be covered in detail during the first day of QITCOM 2012′s conference and we look forward to sharing global best practices and insights for the advancement of the National broadband infrastructure.”

Main speaker for the topic, Dr. Stagg Newman, Mckinsey Advisor and expert in providing technology, regulatory, and strategic advice will be leading discussions on Next Generation Broadband, and sharing his extensive experience and knowledge of broadband technology with a range of industry experts to set the agenda for debate and best practice sharing.

In addition, QITCOM 2012 will be hosting a range of relevant showcase and have asked Qatar Broadcast, a website presenting Qatari TV and radio channels, to be part of the show under this theme. Launched live on the internet on May 30, 2011, and utilizes the latest technologies in live Internet broadcasting; providing the public with local, Arab and international news, and children with stories of interest. The website’s objective of popularising online content aligns perfectly with the QITCOM 2012′s vision to showcase technology which connects and engages the community with service providers and technology developers.

“QITCOM is a one of a kind exhibition and conference in the region; it offers a platform for local ICT stakeholders to engage with global industry leaders and see first-hand the latest offerings and advances from major ICT enterprises, bringing together the private and public sector together to work as one,” Mr. Al-Khulaifi concluded.

© 2011 AMEINFO (www.ameinfo.com)

PostHeaderIcon Bodies of family suicide victims in Dubai cremated

Dubai: The bodies of the 5-year-old girl and the father who was found hanging in their apartment last month have been cremated on Tuesday morning, Gulf News has learnt.

Relatives of the victims said that the bodies were flown to India on Monday from Dubai.

The mother who was found in her apartment with her wrists slashed in an apparent suicide bid — along with the bodies of her husband Rijesh Nambiar and their daughter Avantika — is still hosptalised. As Gulf News exclusively reported, she has recovered and will soon be discharged from the hospital.

Sreesha Nambiar, 30, was placed in psychiatric care at Rashid Hospital following the gruesome events that unfolded last month, leaving her the sole survivor of the family.

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© 2011 Gulf News (www.gulfnews.com)

PostHeaderIcon Saudi Investment Bank adopts SSS Process EBM solution

The Saudi Investment Bank (SAIB), in collaboration with SSS Process, has inaugurated Microsoft Enterprise Project Management (EPM). The EPM Solution, based on Microsoft Office Project 2010, is an end-to-end collaborative project designed to help SAIB gain visibility, insight, efficient and dynamic solutions for sharing date, developing strategies, and managing risks and logistics.

Head of Enterprise Programme Management and IT Strategy, Jamal Habahbeh, said: “Our administration is keen on developing its banking system and supplying it with best and latest technologies to boost its position in the Saudi market and increase its operational efficiency and competitiveness.”

“We believe that automating project management and business processes through a unique communication platform guarantees quality and speed of work execution. Moreover, such applications which are based on systematic methodologies play a vital role in managing and implementing projects, increasing success rates and raising customer service levels,” Al Habahbeh added.

In addition to ease-of-use capabilities and providing electronic platforms with the highest standards of safety, security, and confidentiality, the SharePoint 2010 tool supplies the necessary file-sharing infrastructure that helps employees to efficiently interact with documents and accelerates database access and information retrieval.

In his comment, SSS Process CEO, Dr. Alaa Ensheiwat, said that the company will deploy its technical capabilities and programming expertise to supply the bank with a system that fits its needs and helps the administrative bodies to draw strategic work plans, set project execution strategies, and coordinate work between managers and other concerned parties.”

Ensheiwat added, “The technical services and e-solutions provided by SSS Process enjoy high levels of accuracy and comprehensiveness. These basic pillars are among the factors that contribute to the development of an advanced managerial system that can boost a banking institution in the size of SAIB.”

It is worth noting that the Secure Services Systems Company, the Jordanian-Saudi leading company specialized in providing e-government services and software solutions, has been instrumental since its establishment in 2003 in building up banking systems and providing advanced e-services at the level of e-government projects, such as Murasalat and C4 Sadad, and other fields that require the highest levels of security.

© 2011 AMEINFO (www.ameinfo.com)

PostHeaderIcon Sentiment Tracker: The Linternet Goes Wild

Sentiment Tracker: A Computational Analysis of the Conversation on Social Networks

New York Knicks phenom Jeremy Lin has lit up the NBA and the Knicks’ prospects of a successful season. WSJ sports reporter Kevin Clark stops on Mean Street to point out ways opposing teams can shut down the newest NBA celebrity. Photo: Getty Images.

© 2011 Wall Street Journal (www.wsj.com)

PostHeaderIcon New Zealand profile

New Zealand, a wealthy Pacific nation, is dominated by two cultural groups: New Zealanders of European descent, and the minority Maori, whose Polynesian ancestors arrived on the islands around 1,000 years ago.

British sovereignty was established under the 1840 Treaty of Waitangi – a pact between Maori chiefs and the British government over land rights.

The treaty gave rise to land claims which culminated in the "New Zealand Wars", a series of skirmishes between colonial forces and Maori in the North Island.

The government awarded money and land in settlements during the 1990s, but the land issue remains controversial.

In 1984 the government embarked on a dramatic and controversial economic reform programme, which lifted controls on wages, prices and interest rates and removed agricultural subsidies.

The landscape is diverse, and sometimes spectacular. This has fuelled tourism; visitors are drawn to the glacier-carved mountains, lakes, beaches and thermal springs. Because of the islands' geographical isolation, much of the flora and fauna is unique to the country.

New Zealand plays an active role in Pacific affairs. It has constitutional ties with the Pacific territories of Niue, the Cook Islands and Tokelau.

Its troops served in East Timor when violence broke out in the territory in 1999 and were part of a multinational force intended to restore order to the Solomon Islands in 2003. Further afield, New Zealand forces have backed peacekeeping and development efforts in Afghanistan.

But its anti-nuclear stance – including a ban on nuclear-powered or nuclear-armed vessels from its waters – put it at odds with the US in the 1980s.

A significant amount of New Zealand's electricity is generated by hydropower sources and the country has a range of renewable energy sources at its disposal.

Migration patterns have changed, with most incomers coming from Asia and Pacific island states, rather than from the UK and Australia. Officials estimate that Asians will make up 13% of the population by 2021 from about 9% in 2009.

© 2011 BBC News (www.bbc.co.uk)

PostHeaderIcon Moody’s rebaja la calificación de la deuda de seis países de la euro zona

Moody’s Investors Service rebajó el lunes las calificaciones de deuda de seis países europeos y advirtió que sus calificaciones máximas para Austria, Francia y Reino Unido podrían estar en riesgo.

La firma rebajó la calificación de deuda de Italia en un escaño a “A3″, lo que corresponde a cuatro escaños sobre el territorio de grado especulativo, y mantuvo la perspectiva Negativa para la tercera mayor economía de la eurozona.

Las calificaciones de España, Malta, Portugal y Eslovenia también se rebajaron en un escaño y mantuvieron sus perspectivas Negativas, indicó Moody’s.

Las perspectivas de Austria, Francia y Reino Unido pasaron a Negativas.

La medida de Moody’s sigue medidas similares tomadas el mes pasado por Standard & Poor’s y Fitch Ratings donde se rebajaron las calificaciones de varios países de una sola vez. Al igual que S&P y Fitch, Moody’s citó las preocupaciones por la actual crisis de deuda, la manera en la que está siendo manejada y el impacto sobre varias economías de la región como causal de las rebajas. Moody’s mencionó además la fragilidad de los mercados financieros en Europa y las posibilidades de futuros problemas en el sistema debido a la crisis.

Moody’s rebajó el lunes las calificaciones de deuda de Italia, Malta, Portugal, Eslovaquia, Eslovenia y España. Las calificaciones de los seis países fueron rebajadas el mes pasado por S&P. En tanto, Fitch rebajó el mes pasado las calificaciones de deuda de Italia, Eslovenia y España.

Si bien Moody’s fue el último en tomar medidas, fue el más severo con Portugal y España. La rebaja de Moody’s a la deuda de Portugal lleva la calificación de deuda del país más hacia territorio chatarra, con “Ba3″, tres escaños por debajo del grado de inversión.

Donde Moody’s sí se diferenció de las medidas recientes tomadas por otras calificadoras fue al modificar la perspectiva para Reino Unido. Moody’s señaló el lunes que los recientes acontecimientos señalan débiles prospectos macroeconómicos para Europa, lo que hace más difícil para los países implementar medidas de austeridad para reducir su deuda.

© 2011 Wall Street Journal (www.wsj.com)

PostHeaderIcon Environment protection efforts to be rewarded

Dubai: Efforts to improve the ecology of the UAE will be recognised through a series of Emirates Appreciation Awards for the Environment which were rolled out yesterday in Dubai.

The awards were first announced in September 2011 by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, and are in conjunction with the Higher Committee of the Zayed International Foundation for the Environment.

In a statement issued yesterday, Shaikh Mohammad lauded UAE leaders for achieving a great deal of protection on behalf of the environment in a very short time.

‘Luminous milestone’

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© 2011 Gulf News (www.gulfnews.com)

PostHeaderIcon Ceuta, Melilla profile

Ceuta and Melilla, fragments of Europe on north Africa's Mediterranean coast, came under Spanish control around 500 years ago.

Madrid says the urban enclaves are integral parts of Spain. They are surrounded by Morocco, which views the Spanish presence as anachronistic and claims sovereignty.

But improving relations were jeopardised in November 2007 by Spanish King Juan Carlos' II first visit to the territories in more than 30 years, which King Mohammed VI strongly condemned.

Spain also controls a scattering of islets along the north African coast, including uninhabited Perejil, which was at the centre of a spat in 2002 when Moroccan soldiers occupied it before being removed by the Spanish army.

More recently, differences over Ceuta and Melilla have not prevented a warming of relations between Morocco and Spain, particularly economic ones. Morocco's premier has advocated "neighbourly" talks on the issue.

With its rebuilt 15th century cathedral, shipyards and a fish-processing plant, Ceuta is viewed by Spain as the more strategically-valuable enclave. The town is a 90-minute ferry ride from mainland Spain.

Melilla, conquered in 1497, is a modern town with a distinctive old quarter.

The enclaves are surrounded by fences, intended to deter illegal immigrants. But Ceuta and Melilla are nonetheless used by many Africans as stepping-stones to Iberia. Many migrants are caught and some drown while attempting to make the sea crossing. People trafficking is common.

After a series of increasingly-desperate attempts by would-be immigrants to surmount the barriers in 2005, Spain and Morocco agreed to deploy extra troops to try to secure the borders.

Ceuta and Melilla are linked to Spain by ferry services to Malaga, Algeciras and Almeria. Borders and defence are controlled by Madrid. Tourism is an important money-earner with duty-free goods being a big draw for visitors.

© 2011 BBC News (www.bbc.co.uk)

PostHeaderIcon Credit rating: Osborne v Balls

A warning light is flashing. The UK's triple A rating is under threat. The chancellor accepted this morning that "Britain's economic reputation is on the line".

Economically, that means Britain could face not just low growth and rising unemployment but, if the credit ratings agencies do eventually downgrade Britain, higher interest rates too.

Politically, it is another sign – following the revelation last year that the government is way off course to meet its borrowing targets – that George Osborne is currently failing in his own terms – ie: in his efforts to cut the debt and the deficit ahead of all other economic goals.

Yet this morning – as I listened from afar on a half-term break – I couldn't help noticing that this latest news simply led both Messrs Osborne and Balls to say "I told you so".

The chancellor says "I told you how serious our debt problem was" whilst the shadow chancellor tells you "I told you the government was making things worse".

It will be Mr Balls, though, who will feel with some confidence that the arguments are moving his way.

Update 1.20pm: The detail of what Moody's are saying is only just reaching me in the middle of nowhere on my half term break.

What Moody's point out, and the chancellor's people have seized upon, is that a downgrade could follow any "reduced political commitment to fiscal consolidation, including discretionary fiscal loosening".

That, says the chancellor, is why Ed Balls' mantra – spend more now to premote growth – isn't borne out by today's report. Mr Osborne's message remains clear – steady as she goes.

© 2011 BBC News (www.bbc.co.uk)

PostHeaderIcon Glencore y Xstrata negocian una fusión que remecería la minería

Dos empresas suizas, Glencore International AG y Xstrata PLC, están en conversaciones para formar un gigante de casi US$100.000 millones que jugaría un papel preponderante en la industria global de materias primas.

Ambas firmas confirmaron el jueves que negocian una fusión entre iguales que se realizaría exclusivamente en acciones. Aunque advirtieron que el diálogo podría no concretarse, fuentes cercanas indicaron que la meta es anunciar un acuerdo el martes, cuando Xstrata anuncie los resultados de 2011.

Jerome Favre/Bloomberg News

Ivan Glasenberg

Se trataría de una empresa inédita en el sector, al combinar una minera importante con uno de los principales operadores de materias primas. Si bien sus nombres no son tan reconocidos fuera de ciertos círculos, ambas empresas son engranajes clave en las cadenas de suministro que suple a consumidores de todo el mundo.

Xstrata es un coloso minero que abarca carbón, cobre, zinc y níquel, mientras que Glencore posee un puñado de activos mineros y dirige un lucrativo negocio que reúne a compradores y vendedores de commodities como níquel, azúcar y petróleo. Los dos conglomerados operan en lugares considerados riesgosos desde el punto de vista geopolítico. Glencore, en particular, es famosa por incursionar en países que otras compañías prefieren pasar por alto, como la República Democrática del Congo. Las dos empresas tienen una fuerte presencia en América Latina.

La minería se dispone a entrar en una nueva ola de consolidación debido, en parte, a la sólida demanda de recursos naturales proveniente de los mercados emergentes. Las mineras también buscan alcanzar un mayor tamaño que les permita ejercer una mayor influencia en los volátiles precios de las materias primas y obtener el financiamiento que necesitan para sus operaciones globales. Construir una línea ferroviaria en Mozambique, por ejemplo, cuesta US$1.000 millones.

Cerca de 70% de los activos mineros de Xstrata corresponde a dos commodities: carbón y cobre. El precio del metal se ha disparado a más de US$8.000 por tonelada, frente a US$2.000 en 2000. La entidad combinada estaría en una posición ideal para beneficiarse de esta bonanza. Solamente Codelco, la cuprífera estatal chilena, produce más.

La capacidad de gestionar una operación de trading más grande, poderosa y eficiente es una de las grandes motivaciones de Ivan Glasenberg, presidente ejecutivo de Glencore y el principal defensor de la fusión.

La combinación, en todo caso, enfrenta varios obstáculos. Las estructuras para compartir el poder en las llamadas fusiones entre iguales son notoriamente propensas a fracasar. Los dos presidentes ejecutivos sudafricanos, Glasenberg y Mick Davis, se conocen desde el colegio y Xstrata ya tiene una participación de 34% en Glencore. A ambos ejecutivos les cuesta dar su brazo a torcer y han tenido diferencias de opinión.

Asimismo, los reguladores en todo el mundo podrían mirar con recelo una fusión que daría vida a una compañía con una gran influencia sobre algunos de los principales commodities del mundo, lo que repercutiría en toda clase de actividades, desde la electricidad al transporte. La fusión, además, se produciría en un momento en el que el precio de las materias primas ha vuelto a subir.

Glencore, que ya es un gigante, obtendría todavía más poder para impulsar los precios. “Esto es absolutamente claro”, dijo el analista belga Guy Franceschi.

Los abogados especializados en la legislación antimonopolio indicaron que aún es muy prematuro para realizar un diagnóstico detallado, pero manifestaron que, debido a sus dimensiones, una fusión sería exhaustivamente revisada en todo el mundo. En todo caso, las empresas “se conocen y han estado en contacto desde hace años, de modo que ya tienen que haber evaluado el impacto del tema antimonopolio”, aseveró Dave Anderson, socio del bufete de abogados de Bruselas BLP LLP.

Fuentes cercanas a las empresas les restaron importancia a las barreras regulatorias y enfatizaron que las compañías tienen negocios diferentes y complementarios. De todos modos, las autoridades de la competencia en ambos lados del Océano Atlántico se han mostrado recientemente bastante activas. La Unión Europea, por ejemplo, acaba de bloquear la fusión entre los operadores bursátiles Deutsche Börse AG y NYSE Euronext.

Otro riesgo es que los gobiernos impongan concesiones antes de aprobar un pacto. La necesidad de aumentar los recursos del fisco y el auge de los recursos naturales ha producido una ola de nacionalismo económico en países como Canadá y Australia.

En su negocio de trading, Glencore, a cambio de una comisión, toma la producción de empresas como la propia Xstrata, encuentra un comprador y la distribuye por todo el mundo usando su red de transporte y almacenamiento. Tal posición le otorga una perspectiva privilegiada para determinar el nivel de la demanda y reaccionar ágilmente para satisfacerla. Glencore sólo comercializa algunos de los productos de Xstrata. Por ejemplo, no vende cobre, la principal fuente de ganancias de Xstrata, ni zinc. La combinación con la minera le permitiría a Glencore expandir significativamente su alcance, poderío y rentabilidad.

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© 2011 Wall Street Journal (www.wsj.com)

PostHeaderIcon Mother who survived suicide bid to give police statement

Dubai: The mother who was found in her apartment with her wrists slashed in an apparent suicide bid — along with the bodies of her husband and their daughter — has recovered and will soon give a police statement, Gulf News has learnt.

Sreesha Nambiar, 30, was placed in psychiatric care at Rashid Hospital following the gruesome events that unfolded last month, leaving her the sole survivor of the family.

On January 14, Avantika, 5, and her father Rijesh Nambiar, 32, were found dead in their single-bedroom apartment in Bur Dubai behind Al Musalla Tower. The mother was found with wounds on her neck and wrist and was hospitalised by the police.

"The procedure to discharge Sreesha from the hospital will be initiated within a day or two," sources told Gulf News.

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© 2011 Gulf News (www.gulfnews.com)