Archive for November, 2008

Oligarch To Trial Shot Dead

Tuesday, November 11th, 2008

One of the richest oligarchs of Ukraine has been shot - before the doors a Kiev court. There, he had just a negotiating behind the market, which is about his contacts with the underground world should go.
Kiev - The killers waited at the window of a house on the opposing Russian Maxim Kurotschkin (37), as it left the building, reported the Ukrainian television. After the perpetrators will throughout the city, therefore, informed the police.
Kurotschkin was accused because his luxury hotel on the Black Sea peninsula of Crimea and Kiev with criminal methods have acquired. The entrepreneur suspected that he was in danger. He had shortly before his murder asked to be allowed to leave Russia because he in Ukraine feared for his life. The police had him in November 2006 at the entry to the Kiev airport arrested. ASE / dpa

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Institute Demand Reduction Of Income Tax

Tuesday, November 11th, 2008

The economy hums, the people groaning under taxes and charges. Now ask the leading economic institutes in their spring report, the income tax be reduced. Similar claims by Economics Minister Michael Glos had recently suffered a Merkel rejected.
Hamburg - A lowering of income tax could promote growth and employment, according to the Financial Times Deutschland that in the spring opinions of the leading economic institutes, which will be presented at noon today. The researchers justify their claim with the so-called cold progressivity: Because the income in periods of economic recovery usually grow faster, pick the more progressive tax - that is, bottom line, the tax burden for citizens grßer. A few weeks ago had already German Economics Minister Michael Glos (CSU) to reduce wage and income taxes and thus triggered a heated debate.
Above allFederal Finance Minister Peer Steinbrück should now be on the leading economists of the country put forward demands horrified. He has just always with any new demands of his ministerial colleagues to fight, given the burgeoning tax revenue new spending wish lists drawn up.
TheChancellor Angela Merkel (CDU) is likely to be little enthusiasm about the new proposals of economic researchers.
She had only recently about government spokesman Ulrich Wilhelm explained that the black-red federal government before the next federal election no further reduce taxes. The economic institutes explained in its opinion, however, that taxes alone falling by further austerity measures could be financed. The good economy also care for an unexpectedly good budget situation. The fact that the recovery continues unabated go, of which the researchers are convinced. "The economy is in a strong upswing," says the report. After her fall survey with a meagre growth of 1.4 percent expected for this year, they now of 2.4 percent. In addition, Germany already in next year without new debt constraints, this year the deficit will already down to 0.6 percent of GDP decline. Rürup: Politics upturn has not triggered The chairman of the five farming practices, Bert Rürup nevertheless warned against hasty tax relief for the citizens. "The state should not spend more money, we should in any case be consolidated. You can talk about tax cuts, but please do not timed to the election year. This means that the consolidation objective is not met," he said in the ARD morning magazine. Rürups colleague, the economy of Wolfgang Wiegard, was in the German open-minded country radio: "Obviously there is the good growth prospects in Germany the possibility for tax cuts. We have waited for years. Why do we not use them now," he said.
The twofarming practices were convinced that the economic boom continues. This was "broad-based," said Rürup. Responsibility was not the politics. "The parents of this upturn are the companies and collective bargaining," said Rürup. "The policy has supported the recovery, not fire," he added. Wiegard made primarily the "spill-over of good world economy in Germany" for the good times. ASE / ddp

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Financial Investor Provides 25 Billion U.S. Dollars For Credit Card Company

Monday, November 10th, 2008

The financial investor Kohlberg Kravis Roberts, the credit card company First Data for more than 25 billion U.S. dollars. It would be the zweitgrßte takeover by a private holding company of all time.
New York - Kohlberg Kravis Roberts (KKR) offering 34 U.S. dollars in cash for each share of First Data, said one familiar with the situation informant. The negotiations were nearing completion.
First Data is one of the grßten payroll companies for credit card systems. An agreement could be announced today, said the informant. KKR declined to give an opinion; First Data also said.
A purchase price of 34 U.S. dollars per share would be an increase of 26 percent to the closing price of Friday, as its shares by 26.90 U.S. dollars from trading declined.
grßte over participation in the industry was just in February. At that time, KKR took over together with Texas Pacific Group Texas utility TXU Corp.. for nearly 32 billion U.S. dollars in cash. Wal / Reuters

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Russia Increases Stake In EADS

Thursday, November 6th, 2008

The interest in Airbus in Russia is large: According to a report by the Russian state bank Wneschtorgbank their share of Airbus parent company EADS secretly from five to seven percent.
Paris / Moscow - Russia has its share of the European aerospace group EADS apparently secretly increased further. The State Wneschtorgbank have little additional shares purchased, so that they are in possession of up to seven percent of business licences, reported the financial newspaper Les Echo ", referring to government circles. EADS spokesman Michael Hauger would not comment on the report. He nevertheless insisted that ownership changes in free float does not affect the shareholder pact between the landowners had.
DPA
Airbus Beluga transporters: Russia wants cooperation with the European aircraft group deepen The Wneschtorgbank in September had surprisingly announced that they just over five percent of EADS shares. This led to speculation that the Russian state wants to get into the company.
The shareholder pact ensures the Lagardère Group and the French government and DaimlerChrysler on the German side the control of EADS. Both sides are in possession of 22.5 percent of the shares. The Federal Government is considering the acquisition of 7.5 percent, of which DaimlerChrysler will separate.
Chancellor Angela Merkel (CDU) yesterday joined speculation contrary, Moscow aiming a strategic impact on EADS. They want cooperation in the aviation industry deepened, she said in Paris. Russian President Vladimir Putin gave it on Tuesday but made it clear that an institutional participation is not currently thought of Moscow. KAZ / AP / AFP

EU Assigns Gene Tests For Rice From The U.S.

Thursday, November 6th, 2008

After the scandal surrounding gentechnischverändertem the import of rice from the United States, the European Union future, all long-grain rice supplies from the United States control. The EU now requires gene tests.
Brussels - The decision responded to the competent expert committee of the 25 EU states today on the refusal of the United States, with the Europeans joint supervisory rules. The tests should be mandatory, according to the EU Commission to prevent U.S. companies continue to genetically modified rice type LL601nach Europe.
The rice variety is not in the EU. The EU Commission in September but had confirmed that in several Member States genetically modified rice from the United States was discovered. Also in Germany was not for human variety LL601 demonstrated.
The mere assurance that the imported U.S. rice no traces of LL601 contains, is no longer sufficient. The expert panel writes with his decision but before that Member States all deliveries in the European import requirements for accurate testing. The cost to the company's expense. The tests will also take into account the fact that the French authorities in a shipment from the United States recently banned another gene rice, LL62 discovered. Kai / dpa / AP