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27 февраля, 16:15

«Fitch» признала сделку по продаже акций «Роснефти» прозрачной

Согласно выводам, отраженным в отчете Международного рейтингового агентства «Fitch», продажа 19,5% акций «Роснефти» сырьевому трейдеру «Glencore» и суверенному фонду «Qatar Investment Autority» – это значимое событие для нефтегазового сектора, а структура собственности совместного предприятия признана прозрачной и не вызывает вопросов. В отчете по нефтегазовому сектору России сообщается: «Продажа 19,5% в «Роснефти» «Glencore» и «QIA» за […]

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27 февраля, 15:17

Fitch признает сделку по продаже 19,5% Роснефти прозрачной

Москва.  Продажа 19,5% акций "Роснефти" сырьевому трейдеру Glencore и суверенному фонду Qatar Investment Autority (QIA) является значимым событием для нефтегазового сектора, а структура собственности совместного предприятия выглядит ...

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27 февраля, 14:59

Сделка по продаже 19,5% «Роснефти» была прозрачной - Fitch

Международное рейтинговое агентство Fitch считает, что продажа 19,5% акций «Роснефти» сырьевому трейдеру Glencore и суверенному фонду Qatar Investment Autority (QIA) является значимым событием для нефтегазового сектора, а структура собственности совместного предприятия выглядит прозрачной и не вызывает вопросов.«Продажа 19,5% в...

26 февраля, 19:57

Fitch: сделка по приватизации 19,5% акций "Роснефти" была прозрачной

В агентстве Fitch назвали прозрачной сделку по приватизации 19,5% ценных бумаг "Роснефти". Пронедра ранее сообщали, что в Fitch признались - они не могут до конца понять, по какой схеме проводилась приватизация пакета акций российского нефтегазового гиганта. Однако в итоге агентство заявило, что сделка по приобретению акций "Роснефти" Qatar Investment Authority и компанией Glencore была прозрачной. В Fitch отметили, что сделка стала важной вехой для всего сектора экономики. При этом в агентстве заявили, что рейтинг "Роснефти" не устанавливают, потому не могут знать подробности о сделке. Но вся имеющаяся информация снимает возникшие ранее вопросы, она подтверждает структуру акционерного капитала. Напомним, что сумма сделки по продаже пакета ценных бумаг нефтегазовой компании составила 710,8 миллиарда рублей или порядка 11,1 миллиарда долларов. В российский бюджет указанная сумма уже поступила. Инвесторы внесли 3 миллиарда долларов, остальные средства - кредитные. (https://pronedra.ru/oil/2...)

24 февраля, 14:46

Dow Streak Of Record Highs In Danger As S&P Slides; Gold Surges

The near-record string of 10 consecutive Dow Industrials record highs, a streak not seen since early 1987, may be about to end if futures, which are currently trading -0.3% lower, fail to stage a rebound. Global markets started off Friday on the back foot, with most Asian markets dropping, while commodity-related sectors and banks led European shares lower for a third straight session on Friday as the dollar was poised for a weekly loss as the latest attempt to spark the "Trumpflation trade" fizzled, sending gold to $1,256, the highest since the US presidential election, as the dollar slumped following Mnuchin's comments. Investors are turning cautious as European political risks remain and ahead of a major speech from U.S. President Donald Trump next week. The big mover in commodities is Gold which has solidly jumped above the $1,250 level, a largely USD-based move, as risk sentiment rose despite the weaker greenback, but sustainability as these levels (Gold) are key over coming sessions. Gold's rise for a fourth week was aided by Treasury Secretary Steven Mnuchin who said Thursday he expects low borrowing costs to persist, sparking a drop in the dollar. Mnuchin also took the edge off the recent market optimism when he said any policy steps by the Trump administration would probably have only a limited impact this year. The comments, made in his first televised interviews since taking office last week, suggested much work was still needed on a sweeping tax reform plan that Mnuchin called his main priority. "Mnuchin's comments were less belligerently reflationary than they could have been, in a dollar strength context, and that probably did much of the damage (to the dollar)," said UBS Wealth Management currency strategist Geoffrey Yu, in London. Concerns about the credibility of Trump's tax plan also emerged: “Next week it will be three weeks since President Trump promised something ‘phenomenal’ with respect to tax reform and investors are starting to become a little restless,” Michael Hewson, the London-based chief market analyst at CMC Markets, said in a report. If Trump’s speech next week fails to provide details, “then the rally that we’ve seen in the past three months could become susceptible to some profit-taking,” he said. As a result, a fifth weekly gain for global equities that’s helped push their value above $70 trillion is losing momentum as money managers grapple with political uncertainty and the Federal Reserve’s schedule for lifting borrowing costs. Traders are taking profits before Trump’s address to House and Senate lawmakers Tuesday in the U.S. European shares slid after subdued forecasts from European bluechips including BASF and Vivendi and a drop in mining shares, while Standard Chartered was among the worst performers in the FTSE 100 as profits fell short of analyst expectations. RBS also trades in the red after the bank announced a whopping GBP 7bIn loss for 2016. Elsewhere, French telecom giant Vivendi is the notable laggard across Europe amid reports that Milan prosecutors are looking in the company over alleged market manipulation in stake building in MediaSet. The Stoxx Europe 600 Index fell 0.3 percent as of 10:06 a.m. in London, dropping for a third day and paring a weekly advance. London copper prices recovered slightly from their big overnight fall on the back of fresh doubts about Chinese demand. Three-month copper on the London Metal Exchange CMCU3 was up 0.8 percent at $5,907 a tonne by 0700 GMT after falling 3 percent in the previous session. Japan’s Topix index lost 0.4 percent. The gauge rose 0.4 percent for the week. Futures on the S&P 500 fell 0.3 percent. The index rose less than 0.1 percent on Thursday, while the Dow posted a 10th day of gains, its longest streak of record closes since 1987. Oil prices fell after U.S. crude inventories rose for a seventh week, showing the market is still struggling to ease oversupply despite producers' efforts to rein in output. Benchmark Brent crude oil was down 48 cents at $56.10 a barrel, while U.S. West Texas Intermediate traded at $54.06 a barrel, down 39 cents. In rates, German bonds were supported as credit spreads widened. German two-year yields dropped three basis points, with the ECB’s bond-buying program seen supporting the sector. Having routed the French bond market recently, sellers are now focusing on Italy where the German-Italian 10Y spread rose above 200 bps. The swap spread rose to new records across the two- to five-year sector. A note from Citigroup suggested that German two-year yields could fall to minus 1 percent or more, as the ECB will be forced to buy more short-dated bonds. Market Snapshot S&P 500 futures down 0.3% to 2,354 STOXX Europe 600 down 0.6% to 371 MXAP down 0.4% to 145.92 MXAPJ down 0.5% to 468.82 Nikkei down 0.5% to 19,283.54 Topix down 0.4% to 1,550.14 Hang Seng Index down 0.6% to 23,965.70 Shanghai Composite up 0.06% to 3,253.43 Sensex up 0.1% to 28,892.97 Australia S&P/ASX 200 down 0.8% to 5,738.99 Kospi down 0.6% to 2,094.12 German 10Y yield fell 2.9 bps to 0.204% Euro up 0.07% to 1.0589 per US$ Brent Futures down 0.7% to $56.19/bbl Italian 10Y yield rose 3.1 bps to 2.225% Spanish 10Y yield rose 5.4 bps to 1.74% Brent Futures down 0.7% to $56.19/bbl Gold spot up 0.5% to $1,255.96 U.S. Dollar Index down 0.2% to 100.90 Top Overnight News from BBG Royal Bank of Scotland Group Plc laid out a plan to cut costs by 2 billion pounds ($2.5 billion) over the next four years as it posted its ninth straight annual loss and delayed profitability targets After striking deals in Russian oil and Congolese copper mining, Glencore Plc has set its sights on the U.S. grain- trading industry Pimco says Beijing’s “cautious tightening signals” are largely being ignored by banks and at the local level, where attention is focused on maintaining steady economic growth Value Partners, one of the world’s best-performing junk bond funds, is betting on stressed debt New Exxon Chief Darren Woods is focusing on climate change, calling for a carbon tax to discourage use of polluting fuels In Asia, equity markets traded lower following a mixed lead from US where the DJIA and S&P 500 were buoyed by healthcare and utilities. ASX 200 (-0.8%) underperformed and was weighed by the metals & mining sector amid commodity prices sliding lower, after Dalian Iron ore declined 5.5% yesterday. Nikkei 225 (-0.5%) conformed to the downbeat tone despite support from a weakening JPY overnight as well as Toshiba stocks trading higher by around +5%. In China, Hang Seng (-0.4%) and Shanghai Comp. (+0.1%) suffered from the PBoC's trend of ever weakening liquidity injections this week, with the daily operation providing only a total of CNY 30bIn. 10yr JGBs traded higher due to the risk averse tone in the region with the curve flattening amid outperformance seen in the super long end. Top Asia News Japan Equity Movers: Komatsu, Kobe Steel, NEG, Morinaga, Line China’s New Banking Regulator Chief Faces Daunting Challenges Calmer Asian Currencies Spell Return of Global Yield Hunters ANA to Spend $270 Million to Raise Stake in Peach Aviation China H Shares Pare Weekly Gain as Anhui Conch, Great Wall Drop Options Traders Make Bullish Bets on HKEX as Earnings Loom Hong Kong Awards Ap Lei Chau Site For HK$16.9b to Logan, KWG Hong Kong Existing Home Prices Climb to Record, Defying Curbs Pearson Weighs Options for English-Language Units in China European bourses have started the last trading session of the week on the backfoot, with Standard Chartered among the worst performers in the FTSE 100 as profits fell short of analyst expectations, while RBS also trades in the red after the bank announced a whopping GBP 7bIn loss for 2016. Elsewhere, French telecom giant Vivendi is the notable laggard across Europe amid reports that Milan prosecutors are looking in the company over alleged market manipulation in stake building in MediaSet. Across fixed income markets, yields in the German 2-yr took another leg lower to print fresh record lows (as a reminder, the ECB previously said that they investigating the squeeze in the Eurozone repo market), the GE-FR spread continues to see some modest widening, while the fixed income space has been supported by the wave of short covering. Top European News RBS Cuts CEO’s Potential Share Award 40% After Ninth Annual Loss Jupiter Fund CEO Says Firm Is Big Enough to Remain Independent Lower Turkish Rate Bets Emerge as Swap Curve Pares Inversion Mnuchin Tells Carney to Expect America-First Push on Regulation UniCredit’s Record $13.8 Billion Rights Offer 99.8% Subscribed Banco BPM Extends Drop; Shares From Withdrawal Right From Feb In currencies, the Bloomberg Dollar Spot Index dropped 0.1% after falling 0.3 percent in the previous session. The yen rose 0.1 percent to 112.3 per dollar, after rising 0.6 percent Thursday. It's been more of the same in the FX markets today as the USD continues to lose ground, but very modestly so given the consensus base line of 2 Fed rate hikes this year. Rather the moves are reflective of the skew moving towards an `on-hold' call at the March meeting, though the odds are mixed among the surveys, stretching form circa 20-40% for a 25bp rate hike. Looking at the USDJPY, TSY yields are grinding towards the lower end of the range established in recent months, with the key 10yr still inside 2.30-2.55%. We have dipped under 2.37% this morning, resulting in a rather reluctant move below 112.50, though no sudden urge to recover. This is much the same for the EUR/USD move towards 1.0600, but with (French/Dutch) election news subsiding, the single unit has moderated since. GBP is in limbo as a result, with EUFt/GBP drawn towards the 0.8450 level. We have attempted a return towards 0.8400 — which may well still materialise — but comments from the Bundesbank's Dombret including the prospects of UK access looking 'rather dim' have, at the very least, curtailed the impromptu rise in GBP. Cable is struggling well ahead of 1.2600, as it did in yesterday's North American session. In commodities, West Texas Intermediate traded 0.6 percent lower at $54.12 a barrel. Brent fell 0.7 percent to $56.22. The big mover in commodities are in precious metals where Gold has now pierced the USD1250 level, though with limited momentum. This is purely USD based, as risk sentiment remains on an even keel, so sustainability as these levels (Gold) are key over coming sessions. Base metals may be showing some gains on the day, but after reports that president Trump's fiscal plans may be delayed into next year, Copper has retreated some way below the USD2.700 level, dragging Iron Ore with it. Adding pressure on the latter are reports of growing stockpiles in China, and this has clear implications on demand forecasts going forward. Oil prices still holding familiar territory on hopes that the agreed production cuts will be followed up by 100% compliance. Yesterday's build reported in the DoE reported a small build, but having a modest impact in the aftermath. Looking at the day ahead, the only data due is January new home sales (expected to bounce back) and the final revisions to the University of Michigan consumer sentiment reading. US Event Calendar 10am: New Home Sales, est. 570,500, prior 536,000; MoM, est. 6.44%, prior -10.4% 10am: U. of Mich. Sentiment, est. 96, prior 95.7; Current Conditions, prior 111.2; Expectations, prior 85.7; 1 Yr Inflation, prior 2.8%; 5-10 Yr Inflation, prior 2.5% * * * DB's Jim Reid concludes the overnight wrap It's perhaps not the best time to admit that I've no idea why Bunds are rallying so hard at the moment. 10y yields (-4.7bps) hit 0.228% yesterday, down from their YTD peak of 0.495% intraday on the 26th of January. 2y yields also closed another -3.0bps lower yesterday at -0.932%. They traded as ‘high’ as -0.648% back on the same day. The most obvious explanation is of course Euro systemic risk - especially from France and perhaps Italy. However other markets (equities, equity vol, the Euro, broader credit spreads etc) aren't moving much to price in redenomination risk in Europe. A lack of high quality collateral has been cited as an explanation but it's not clear there is much new info on this over recent days to explain the move. Perhaps it's as simple as government bond investors are generally by nature ultra conservative and Bunds seemingly offer complete safety from redenomination risk. Although on this we'd note that yesterday 10 year French OAT yields fell another -3.6bps and hit their lowest yield (0.978%) for 4 weeks. Ironically the latest Q4 Germany GDP numbers yesterday showed the country as ending the year as the fastest growing advanced economy in 2016. Indeed 2016 GDP growth in Germany was +1.9% which compares to +1.8% for the UK, +1.7% for the Eurozone and +1.6% for the US. New US Treasury Secretary Steven Mnuchin does however expect growth in the US to hit a “sustainable growth rate of 3% or more” towards the end of next year following comments in a televised interview with CNBC yesterday. Mnuchin also said that the new administration is looking closely at the border adjustment tax and that the White House wants to pass a “very significant” tax reform by August. There was also some focus on his remarks about possibly issuing 50y or 100y Treasury bonds, saying that they are exploring the option and that they will reach out to the market and investors. On China and the recent FX manipulation chatter Mnuchin stopped short of labelling China a manipulator but said that the Treasury would go through the usual processes of looking at “currency manipulation across the board” suggesting also that no judgments will be made before the Treasury’s April report. On a related note there was also some focus on a Business Insider report suggesting that Trump may be considering delaying a proposed  $550bn infrastructure spending plan until 2018. The crux of it was that the administration’s time is being taken up by other big proposed reforms including taxes and the Obamacare repeal and that a timing delay to 2018 would make sense in the context of next year’s mid-term elections. While industrials and materials names did underperform on the back of that report it was still another fairly dull session overall for US equities. The S&P 500 finished +0.04% while the Dow ended +0.17% and took its run of new record highs to ten sessions in a row. By the way that is now 52 days that the S&P 500 hasn’t closed up or down by more than 1%. As a reminder the run in 2014 was 62 days so it’s now within sight. Needless to say that the VIX – little changed at 11.71 yesterday – continues to hover only just above the decade low levels. In rates Treasury yields also marched lower yesterday. 10y yields finished the day -4.1bps lower at 2.373% and are now down some 18bps from the January highs. The curve did however steepen slightly (30y yields finishing -2.0bps lower) probably reflecting those Mnuchin comments about possible ultra long-dated issuance. In commodities WTI Oil (+1.60%) did rise back above $54/bbl following the latest inventory data although base metals took a hit with Iron Ore and Copper  in particular both down over 3%. With little new news to report of this morning it appears that those declines in metals are to blame for a soft end to the week for risk in Asia. The Nikkei (-0.49%), Shanghai Comp (-0.35%), Hang Seng (-0.34%) and ASX (-0.85%) are all in the red. Currencies have been relatively flat while rates are stronger. Moving on. The Fedspeak continued again yesterday although it’s clear that the market is failing to price in much more chance of a March move despite a number of Fed officials signalling how “live” the March meeting is. Atlanta Fed President Lockhart was the latest yesterday and he said also that there will be “serious consideration” at the meeting but also that the term “fairly soon” (in reference to the FOMC minutes) “leaves options open for probably the next three meetings”. Lockhart also spoke about the balance sheet and said that he would be in favour of letting “natural runoff gradually shrink the balance sheet”. Late last night Dallas Fed President Kaplan also said that the committee should keep options open for a March move. Bloomberg’s calculator currently sits at a 38% probability for a March rate hike. It’s worth noting that the US data was a bit of a sideshow yesterday. Initial jobless claims came in at 244k and marginally higher than the week before while the Kansas City Fed’s manufacturing survey index rose  5pts to +14 and the highest since June 2011. Meanwhile there were also some comments from Bundesbank President Weidmann yesterday. He opined that “the balance of risks might be more favourable today that it was before” and that possible market  anticipations about a lift in interest rates by the ECB in 2019 “don’t sound absurd” and are “in the possibility that I see”. Staying in Europe, in terms of the other data yesterday, in Germany the latest consumer confidence reading revealed a small 0.2pt tick down in confidence to 10.0 although it’s worth highlighting that that is still at relatively elevated levels versus the last few years. In France business confidence was flat in February and in the UK the CBI’s distributive trades survey pointed to some improvement in retailers’ sales in February following a soft January. Just wrapping up, it’s worth noting that following a positive meeting between Merkel and Lagarde on Wednesday concerning Greece, the creditors are now expected to return to Greece next Tuesday where talks should focus on the exact fiscal tightening measures needed over 2018 and 2019, as well as conditional easing. So worth keeping an eye on how things proceed there. Looking at the day ahead, it looks set to be a fairly quiet end to the week. In Europe this morning we’ll get the February consumer confidence reading as well as industrial orders and sales data in Italy. Over in the US the only data due is January new home sales (expected to bounce back) and the final revisions to the University of Michigan consumer sentiment reading.

23 февраля, 17:21

Гройсман намерен сохранить "Турбоатом" под госконтролем и допускает продажу части акций

Премьер-министр Владимир Гройсман выступает против полной приватизации ПАО "Турбоатом" (Харьков), но допускает продажу части акций из принадлежащего государству контрольного пакета в 75,224%.

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23 февраля, 16:32

Glencore: 'we've never been better placed'

Miner-trader Glencore has reported an 18 percent increase in 2016 profits, buoyed by a rebound in commodities, and said the company had never been so well-positioned financially, meaning it was ready for small acquisitions or big dividends. Ivor Bennett reports. Subscribe: http://smarturl.it/reuterssubscribe More updates and breaking news: http://smarturl.it/BreakingNews Reuters tells the world's stories like no one else. As the largest international multimedia news provider, Reuters provides coverage around the globe and across topics including business, financial, national, and international news. For over 160 years, Reuters has maintained its reputation for speed, accuracy, and impact while providing exclusives, incisive commentary and forward-looking analysis. http://reuters.com/ https://www.facebook.com/Reuters https://plus.google.com/u/0/s/reuters https://twitter.com/Reuters

23 февраля, 15:46

Frontrunning: February 23

Trump to Brainstorm on Job Policies With Corporate CEOs (BBG) Border-Adjustment Tax Divides Energy Sector (WSJ) French Bonds Rally After Macron Boosts Presidential Campaign (BBG) Boeing Fighter Jet, Feared Dead, Gets New Life From Trump Tweets (BBG) Treasury Secretary Steven Mnuchin Sees Tax Overhaul by August (WSJ) Why Mexico Is Trump’s First Line of Defense on Immigration (BBG) China military says aware of U.S. carrier in South China Sea (Reuters) Carlos Ghosn Steps Back From Nissan CEO Role (WSJ) Trump Wants a Pro-Business SEC. That Has Some Investors Worried (BBG) Barclays Shares Climb on Capital Boost, Overhaul Progress (BBG) Glencore Returns to Profit on Commodities Boom (WSJ) Iraqi forces storm Mosul airport, military base (Reuters) U.K. Net Migration Hits 2-Year Low in Brexit Boost for May (BBG) Riot police confront banned anti-police protest in Paris (Reuters) Inside Ivanka Trump’s Campaign for a $500 Billion Child-Care Plan (BBG) Landlords Are Taking Over the U.S. Housing Market (BBG) How Hit Team Came Together to Kill Kim Jong Nam (WSJ) Malaysia requests Interpol alert on four North Koreans over airport murder (Reuters) Retail's Creditors Left Grasping as Brands Are Put Out of Reach (BBG) ValueAct's Ubben 'disinvesting' because of high valuations (Reuters) U.S. Energy Regulator Still Advancing Obama-Era Climate Guidance (BBG) Florida man accused of Clinton Foundation hack to plead guilty (Reuters) Why the Market Rally May Not Need Help From Trump (BBG) Tech breakthroughs take a backseat in upcoming Apple iPhone launch (Reuters) Social Media Is Driving Americans Insane (BBG) Tesla says Model 3 on track for volume production by September (Reuters)   Overnight Media Digest WSJ - The Trump administration formally withdrew Obama administration guidance enabling transgender individuals to use sex-segregated facilities, including bathrooms, of their choice. http://on.wsj.com/2mahEEV - Two cabinet members arrived for talks here Wednesday to find a defiant Mexican government refusing to accept President Donald Trump's tougher immigration and deportation policies. http://on.wsj.com/2mabRz3 - A small group of protesters opposed to the Dakota Access Pipeline were arrested as law-enforcement authorities began the evacuation of the main protest campsite so that cleanup efforts could continue. http://on.wsj.com/2maizFq - Treasury Secretary Steven Mnuchin laid out ambitious goals to secure a tax-code overhaul by August and to deliver economic growth at rates not seen in more than a decade in his first interview in his new job. http://on.wsj.com/2ma5uMa - Carlos Ghosn is leaving his chief executive role at Nissan Motor Co., a company he rescued from near-collapse and led for nearly two decades, to take a broader oversight role of the alliance that links Nissan with Renault SA and Mitsubishi Motors Corp http://on.wsj.com/2mahOfv - New developments are bolstering suspicions that the killing last week of Kim Jong Nam, half-brother of North Korea's mercurial dictator, was a well-orchestrated plot directed from Pyongyang. http://on.wsj.com/2makoC8 - Apple will open its new California campus in April. One of co-founder Steve Jobs's final projects, the cost of Apple Park is expected to be in the range of $3 billion to $5 billion. http://on.wsj.com/2maeFwi - An Arizona lab run by Theranos put patients at risk and failed to quickly fix its deficiencies, the main U.S. lab regulator found, triggering a new round of sanctions against the blood-testing startup. http://on.wsj.com/2ma6Kif   FT AO World founder John Roberts steps down as CEO http://on.ft.com/2me5LdV Unilever to review business following Kraft Heinz bid http://on.ft.com/2me2hb1 Ireland's Enda Kenny defers detailing future plans until after White House visit http://on.ft.com/2me7OyC MPs criticise government over Heathrow air quality http://on.ft.com/2mechkP Overview AO World Plc's founder and largest shareholder John Roberts has stepped down as chief executive of the British online electricals retailer but remain on the board in a new executive role, the company said on Wednesday. Unilever Plc sought to show shareholders it can go it alone on Wednesday just days after rejecting Kraft Heinz Co's $143 billion bid, with the promise of a swift, far-reaching review. Irish Prime Minister Enda Kenny told unsettled members of his ruling Fine Gael party that he would conclusively deal with the issue of his leadership after meeting the U.S. president next month, the party's chairman said on Wednesday. UK ministers have not done enough to prove that Heathrow airport's planned expansion will not breach air quality standards or exceed caps on greenhouse gas emissions, according to a report by MPs on the environmental audit committee, published on Thursday   NYT - Valeant Pharmaceuticals has been trading near record low, at around $16 per share, and at levels not seen in seven years. This spells big financial trouble for one of its largest shareholders, Pershing Square Capital , the hedge fund company managed by the billionaire William Ackman, whose efforts to salvage Valeant and his reputation as a savvy investor are looking increasingly desperate. Valeant's collapse has put a serious dent in the publicly traded Pershing Square Holdings' 2016 performance, which was down 13.5 percent, net of fees. http://nyti.ms/2lsnO1s - SolarCity, the nation's leading installer of rooftop solar panels and a renewable energy darling, lets customers sign up to lease a system, where they will make payments to the company every month for at least 20 years. In dozens of cases over the last three years, SolarCity has reached long-term lease agreements with homeowners shortly before or even after they defaulted on mortgages. In at least 14 cases, the homeowners were already in default, or had other liens on the property, by the time SolarCity filed paperwork about the panels with the government. These cases raise questions about how well the company vets customers. http://nyti.ms/2lsrm3I - Carlos Ghosn is stepping down as the chief executive of Nissan Motor Co, more than 15 years after he took control of the Japanese automaker and helped save it from collapse. Nissan said on Ghosn would remain chairman of Nissan's board. He will continue to lead the global automobile alliance created during his tenure at Nissan, which also includes Renault of France and Mitsubishi Motors of Japan. http://nyti.ms/2lsycGF - According to minutes published of the U.S. Federal Reserve's most recent meeting, on Jan. 31 and Feb. 1, "many participants" wanted to increase the benchmark rate "fairly soon" if the economy continued to grow. The minutes stopped short of suggesting a rate increase was likely at the Fed's next meeting, in mid-March. They said that a core group of Fed officials remained cautious about the economic outlook, seeing balanced risks of faster and slower economic growth. http://nyti.ms/2lsqWun   Canada ** Startup accelerator Expa Labs, which grew out of a company started by Uber co-founder Garrett Camp, launched last year in New York and San Francisco. Earlier this month, it begun recruiting the first group of companies for its Canadian program, which will begin in June. (https://tgam.ca/2l7Sr9U) ** TransCanada said after weeks of discussions with producers, it has rejigged its Canadian Mainline system proposal and has launched a new open season – or a period to determine market interest. But it's still uncertain whether the offer moves the needle enough to break the impasse. (https://tgam.ca/2l2I2eJ) NATIONAL POST ** Analysts at Moody's Investor Service said that global LNG markets are likely to remain oversupplied well into the next decade as Asian demand for the gas weakens and new supplies begin entering the market. (http://bit.ly/2mfmMnU) ** After hosting a lunch with Hunter Harrison and activist investor Paul Hilal, Wolfe Research says there's a 90 percent chance that Harrison will be installed as chief executive of CSX Corp within five months. (http://bit.ly/2lyoGjJ) ** The Bank of Nova Scotia's online platform, Tangerine, has a new chief executive at the helm. The company announced on Wednesday that Peter Aceto, who has been its CEO since 2008, will be succeeded by longtime executive Brenda Rideout, effective on March 1. (http://bit.ly/2lyydaj)   Britain The Times Unilever Plc has begun a strategic review of its business five days after it rejected a 115 billion pound ($143.09 billion) takeover approach from Kraft Heinz Co. http://bit.ly/2mdTnup Sir Jon Cunliffe, deputy governor of the Bank of England, warned Brussels yesterday that any attempt to seize euro clearing from the City would unravel global capital markets and drive up the cost of finance. http://bit.ly/2me12Zo The Guardian Whirlpool Corp, the maker of Hotpoint and Indesit tumble dryers, has changed its advice to the owners of millions of potentially dangerous machines, telling customers to unplug the appliances and stop using them until they are repaired. http://bit.ly/2me027X The business secretary, Greg Clark, has pledged to outline how the government should respond to foreign takeovers of crucial UK firms in the wake of Kraft Heinz Co's failed 115 billion pound ($143.09 billion) bid for Unilever Plc. The Telegraph The chief executive of Lloyds Banking Group Plc insisted he is committed to the lender as the company posted its biggest profits since the financial crisis, marking the culmination of his dramatic turnaround of the business. http://bit.ly/2me0umF Theresa May has spoken with the motor industry boss expected to acquire Vauxhall about the government's continued commitment to supporting the car industry in UK. http://bit.ly/2me0QJN Sky News A group of financial institutions has lodged a surprise takeover bid for Fox's‎ Biscuits, even as the industry faces pressure from rising commodity prices and growing consumer preference for healthier snacks. http://bit.ly/2me4d3s Volkswagen AG's top executives from Germany may be summoned to give evidence to British politicians under a plan being discussed by MPs. http://bit.ly/2me9GHB The Independent The study from consultancy firm KPMG found that China and India - two countries Prime Minister Theresa May is desperate to secure greater trade with - are set to be the main beneficiaries from the potential exodus  

23 февраля, 15:24

«Роснефти» изменит условия сделок с Glencore и Vitol из-за санкций - вице-президент

«Роснефть» будет вынуждена изменить условия продления действующих контрактов по поставкам нефти с предоплатой для компаний Glencore и Vitol Group, если санкции в отношении российской компании останутся в силе. Об этом вице-президент «Роснефти» по переработке, нефтехимии, коммерции и логистике Дидье Касимиро сообщил в интервью агентству Bloomberg.

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23 февраля, 14:55

"Роснефть" изменит условия сделок с Glencore и Vitol из-за санкций

Речь идет о сделках общей стоимостью $10 млрд

23 февраля, 14:48

Futures Flat, Global Stocks Near Record High After Minutes Fail To Spark Dollar Rally

One day after the FOMC Minutes guided to a rate hike "fairly soon", but not soon enough in the eyes of the market (March hike odds dropped after the release), the dollar has posted minimal gains, while global stocks held near record highs on Thursday; S&P futures were fractionally in the green to start the session; crude climbed back above $54 after API showed U.S. stockpiles fell. US and euro zone government bond yields fell or held steady as concerns of an imminent rate hike faded. The rally that has taken the value of global equities to over $70 trillion and the MSCI All-Country World Index to a record, appears to again be losing momentum as investors grapple with political uncertainty and the Fed’s schedule for lifting borrowing costs. The minutes showed many Fed policymakers said it may be appropriate to raise rates "fairly soon" if jobs and inflation data met expectations. But they also highlighted deep uncertainty over President Donald Trump's economic program and wrestled with uncertainty on issues ranging from the Trump administration’s fiscal stimulus plans to the headwinds a rising dollar may pose. Stocks in Europe were mixed in early trading before rising led by telecommunications companies, following solid earnings from Telefonica SA. Bank stocks were stronger on the back of solid earnings from Barclalsy whose profit before tax of £3.2bn for 2016, rose threefold from the £1.1bn the year before. Its reorganisation has included the sale of its Africa business and selling off "non-core" assets.  The STOXX 600 stocks index was marginally higher and close to 14-month highs touched on Tuesday. A 4 percent fall in miner Rio Tinto and a fall of nearly 5 percent in EasyJet, which were among companies whose shares went ex-dividend, weighed on the index. The MSCI Asia index ex-Japan edged up 0.1 percent, trading near the highest level since July 2015 it hit on Wednesday. Earlier, the index lost as much as 0.15%. Japan's Nikkei closed fractionally lower, as banks fell, and Australian shares ended down 0.4 percent. MSCI's world index also nudged higher and was within half a point of Wednesday's record high. The dollar edged up less than 0.1 percent against a basket of major currencies but held below highs hit on Wednesday, having fallen immediately after the minutes were released. The euro, which has been buffeted by investor nerves over France's presidential election, to be held in April and May, was flat at $1.0556. The yen was also barely changed at 113.28. Sterling strengthened 0.2 percent to $1.2468. As discussed yesterday, in addition to Trump's policies on taxes, spending and trade, markets are now trying to gauge his attitude to the dollar. Trump said before his inauguration that the dollar's strength against the Chinese yuan was "killing us", raising concern in the "strong dollar" policy espoused by recent U.S. administrations could change. However, in an interview with the WSJ, Treasury Secretary Steven Mnuchin praised the strong dollar on Wednesday, saying it reflected confidence in the economy. French bonds advanced after a pact between independent presidential candidate Emmanuel Macron and centrist Francois Bayrou, which for now has helped ease fears the country could elect a leader who favors leaving the European Union. "Yesterday's developments in France were positive for French bonds and broader risk appetite," said Orlando Green, European fixed income strategist at Credit Agricole in London. Earlier this morning, French OATs extended gains, led by the 10y-30y sector, as 30y bonds fall as much as 4bps following latest OpinionWay poll showing gains for Macron in second round. Poll shows Macron would beat Le Pen 60%-40% in the second round; that compares with 59%-41% spread in Wednesday’s poll.  Italian bonds underperform with 10y yields rising 6bps, leading losses, as concession is built ahead of next week’s supply, which include two issues in the 10y bucket for €2-3BN. German 10Year bonds edged up 1 basis point to 0.28%, having closed on Wednesday at 0.27 percent. Stronger-than-expected demand at sale of 20-year debt causes Japan’s sovereign curve to flatten; bonds rise in Singapore ahead of this year’s first 10-year sale. Oil prices rose after data showed a decline in U.S. crude stockpiles as imports fell. Brent crude last traded at $56.56, up 72 cents a barrel. Prices have been rising since the Organisation of Petroleum Exporting Countries and other oil producers agreed output cuts last year. "It's a battle between how quick OPEC can cut without shale catching up," said Tony Nunan, oil risk manager at Mitsubishi Corp in Tokyo. Copper fell almost 1 percent to $5,982 a tonne on concern about fresh regulation that could affect China's property boom. Gold rose less than 0.1 percent to $1,238 an ounce, supported by uncertainty over the Fed rate outlook. Zinc and nickel also fell more than 1 percent. Market Snapshot S&P 500 futures up 0.1% to 2,362.75 STOXX Europe 600 little changed at 373.55 German 10Y yield fell 0.5 bps to 0.274% Euro down 0.2% to 1.0542 per US$ Brent Futures up 1.5% to $56.67/bbl Italian 10Y yield fell 5.3 bps to 2.194% Spanish 10Y yield fell 0.3 bps to 1.69% MXAP little changed at 146.12 MXAPJ little changed at 470.84 Nikkei down 0.04% to 19,371.46 Topix down 0.05% to 1,556.25 Hang Seng Index down 0.4% to 24,114.86 Shanghai Composite down 0.3% to 3,251.38 Sensex little changed at 28,862.89 Australia S&P/ASX 200 down 0.4% to 5,784.66 Kospi up 0.05% to 2,107.63 Brent Futures up 1.5% to $56.67/bbl Gold spot little changed at $1,237.58 U.S. Dollar Index up 0.2% to 101.39 Top Overnight News via BBG Barclays shares rose to the highest in more than a year as its capital ratio exceeded expectations and the bank signaled progress in efforts to divest its Africa unit and sell off unwanted assets Carlyle Group is closing the money raising process this week for its fourth fund that will focus on distressed debt and special-situations after reaching its target of $2.5 billion Mohamed El-Erian is warning traders not to get complacent about the prospect of a Fed interest-rate hike next month Germany’s central bank increased risk provisions to manage losses it anticipates to make once ECB starts to raise interest rates Smaller Chinese banks have sold record amounts of short-term debt this month before possible new rules that would constrain their ability to issue the securities The U.K. won’t be able to retake complete control of its destiny though Brexit, European Central Bank chief economist Peter Praet said Allergan has “no interest” in Valeant Pharmaceuticals, most likely not even “in pieces,” Allergan CEO Brent Saunders said during an interview at Bloomberg headquarters in New York. PSA Ready for ‘Opportunities’ as Profit Gain Helps Opel Stance Tesla Keeping Model 3 Steady Overshadows CFO Exit, Cash Needs HP Sales Soar Past Estimates on Personal-Computer Strength Exxon Caves to Oil Crash With Historic Global Reserves Cut Asia equity markets traded mixed following a weak lead from Wall Street where the Dow Jones outperformed amid rising du Pont and Dow Chemical merger bets. ASX 200 (-0.4%) underperformed amid losses seen in the metals and mining sector as Rio Tinto (-5.2%) shares sunk, while Nikkei 225 (-0.1%) traded in the red amid a firmer JPY and a mild pullback of yesterday's gains in Toshiba (-4.7%) shares. Shanghai Comp. (-0.3%) traded in the red following a weak CNY 50bIn liquidity injection by the PBoC, while Hang Seng (-0.3%) was led lower following reports that Chinese banks could pass on higher funding costs to customers amid increasing short-term borrowing rates. 10yr JGBs traded higher amid the risk-off tone in the region with the yield curve beginning to flatten in the super long end, while participants look ahead to the auction for 20yr government paper. Top Asian News SoftBank Denies It’s Looking for Stake in Merged Vodafone- Idea Chinese State Fund’s Broker Says It’s Buying Hong Kong Stocks Emerging-Markets Hedge-Fund Assets Reach Record in ’16, HFR Says Hong Kong Property Stock Rally Gathers Pace on Earnings Outlook Japan Stocks to Watch: NTT Docomo, Takata, Tepco, Mitsui & Co China Said to Appoint Guo Shuqing as Banking Regulator Head: WSJ Adelson’s Sands Missing Stock Rally as Rivals Pull in VIPs China Expands Drug Insurance Coverage in Boost to Pharma Stocks BAT Forecasts Earnings Growth Amid Race for Smoking Alternatives European bourses opened mixed but now trade mostly higher as earnings dictate play, Barclay's (+3.5%) profits almost treble to GBP 3.2bIn and the Co. reported strong progress in restructuring and Glencore (+2.4%) also impressed investors with annual profits rising 48% off the back of higher commodities prices and strong trading results. Telecoms outperform after Orange reported better than expected earnings. Fixed income, underperformance has been noted in the periphery as Italian yields trade wider by 1.7% with Italian press reporting that former PM Renzi is looking to call new elections in early June. Analysts at Citi noting a June election would be challenging but not impossible. The GE/FR spread had tightened post yesterday's news that Centrist Bayrou has pulled out of the French election race lending support to Macron, however there has been a bit of an unwind in recent trade. Top European News Glencore Completes Turnaround as Profit Soars on Trading Copper Strike Poses Supply Threat Even After Miners Return Leviathan Partners Approve $3.75 Billion Gas-Development Plan Downbeat Outlook Eclipses Magyar Telekom Profit as Shares Fall U.K. Claim That Burning Biomass Is Clean Seen as ‘Flawed’ Centrica Sees No Reason for Further Rough Impairments Now: In currencies, the Bloomberg Dollar Spot Index gained 0.1 percent, after falling 0.2 percent on Wednesday. The yen added 0.2 percent to 113.14 per dollar, following a 0.3 percent gain the previous day. The euro weakened 0.2 percent to $1.0538 after gaining 0.2 percent on Wednesday. It's been a very quiet morning in FX, with the FOMC minutes offering little fresh insight into Fed thinking. UST yields hold their ground however, but this may waiver as the count down to the March FOMC looms. This explains the range bound markets seen today, which looks set to continue over coming weeks. EUR/USD has been in focus, but looks reluctant to retest 1.0500 after yesterday's brief dip below here, but all now depends on whether Le Pen's performance in the polls changes to any notable degree. USD/JPY is also largely sidelined, but if stocks hold up, we expect little deviation from 112.50-114.50, and testing these limits looks unlikely any time soon. The crosses have also stabilised, most significantly EUR/JPY, having recovered 1 JPY from yesterday's lows circa 118.50. In commodities, West Texas Intermediate crude climbed 1.4 percent to $54.33 a barrel, rebounding from a 0.9 percent drop in the previous session. Movement across the spectrum of commodities remains confined to near term ranges, highlighted by the WTI test of USD55.00 earlier in the week - which was swiftly rejected. This may change later today ahead of the DoE report, with prices better supported despite the raft of inventory data to its detriment. Production cuts (and more to come?) are perhaps yet to feed through, and this looks to be driving the support seen on dips. Gold (and Silver) continue to dance to the tune of the USD, but we are ever watchful on equities which relentlessly push higher. Copper is back testing USD2.70 again, but all base metals have slipped a little on the back of the overnight CAPEX data. Less so Nickel as the Philippines environment minister underlined her backing from the president. Looking at today’s calendar, in the US we’ve got initial jobless claims and the Kansas City Fed’s manufacturing survey. Away from the data the Fedspeak continues with Lockhart (1.35pm GMT) and Kaplan (6.00pm GMT) both scheduled. The ECB’s Praet is also due to speak at various stages through the day. US Event Calendar 8:30am: Chicago Fed Nat Activity Index, Jan., est. 0.00, prior 0.14 8:30am: Initial Jobless Claims, Feb. 18, est. 240k, prior 239k; Continuing Claims, Feb. 11, est. 2068k, prior 2076k 9am: House Price Purchase Index QoQ, 4Q, prior 1.5%; FHFA House Price Index MoM, Dec., est. 0.5%, prior 0.5% 9:45am: Bloomberg Consumer Comfort, Feb. 19, prior 48.1 11am: Kansas City Fed. Manf. Activity, Feb., est. 9, prior 9 1pm: Fed’s Kaplan Speaks in Fort Worth DB's Jim Reid concludes the overnight wrap If you're someone who is disillusioned with global politics at the moment then yesterday you were perhaps offered an escape route assuming you have 39 years of travelling time left in you and you can source a spaceship that can move at the speed of light. If you tick both boxes then hop along to the Trappist-1 star system and its newly discovered seven earth sized planets, three of which scientists have deemed to be in the 'habitable zone'. I read about this last night while watching the 'Brit Awards' (UK version of the Grammys) where tributes were paid to the likes of David Bowie. I couldn't help be thankful that our planets have better names than the ones scientists discovered yesterday. I'm not sure "Is there life on 'E' 'F' or 'G'?" would quite have worked played with a haunting piano line. In markets yesterday planet F referred to the Fed and France as they were the two big macro stories. Starting with the former, the main passage to note from the FOMC minutes last night was that “many participants expressed the view that it might be appropriate to raise the federal funds rate again fairly soon if incoming information on the labor market and inflation was in line with or stronger than their current expectations or if the risks of overshooting the committee's maximum-employment and inflation objectives increased”. While there was that mention of “many participants” the “fairly soon” aspect of timing makes it hard to argue that March is any closer for the next move. That said it was highlighted that “a few participants noted that continuing to remove policy accommodation in a timely manner, potentially at an upcoming meeting, would allow the Committee greater flexibility in responding to subsequent changes in economic conditions” suggesting that there are a few members who would clearly be happy going next month. In terms of the mention of future balance sheet strategy the only real takeaway was the reference that “participants also generally agreed that the committee should begin discussions at upcoming meetings about the economic conditions that could warrant changes in the existing policy of reinvesting proceeds from maturing Treasury securities and principal payments from agency debt and mortgage-backed securities, as well as how those changes would be implemented and communicated”. So no real new insight on that front. With regards to Trump and the question marks there, the minutes showed that “most participants continued to see heightened uncertainty regarding the size, composition and timing of possible changes to fiscal and other government policies, and about their net effects on the economy and inflation over the medium term, and they thought some time would likely be required for the outlook to become clearer”. All in all then a fairly balanced set of minutes. Bloomberg’s calculator shows the probability of a Fed hike in March at 34% this morning which is actually down slightly from 36% the day before. May is at 62% from 59% - so not particularly big moves. Markets elsewhere didn’t really do much in the aftermath either. 10y Treasury yields closed out at 2.414% which was down 1.6bps on the day, having traded as high as 2.452% earlier on. The Greenback finished slightly lower (-0.15%) while risk assets were subdued. The S&P 500 (-0.11%) suffered only its third negative day in the last 3 weeks although the Dow (+0.16%) did finish higher and in doing so marked a three-decade record of nine consecutive new record closing highs. While we’re on the Fed it’s worth noting that Fed Governor Powell also spoke yesterday and said that a hike is warranted “fairly soon” should the economy continue on its current path. When asked if March is on the table, his reply was “Yes”. Meanwhile in France the latest update is the news that centrist candidate Francois Bayrou will now team up with independent candidate Macron in forming an alliance in the presidential election. The news should be a small positive for Macron. Bayrou had been running at around 5-6% in the recent polls and a portion of that should now transfer to Macron in the first round. An Elabe poll released on Tuesday found that Macron would get 17% of votes in the first round if Bayrou decided to run, and 18.5% without Bayrou running. So that suggests a 1.5% swing in Macron’s favour. The same poll showed Fillon as  benefiting from an extra 1% from Bayrou not running with the rest split around the far left and right. So as we noted a very marginal positive for Macron. The suggestion is that Bayrou has a strong influence on the centrist electorate so it could still be a bigger boost to Macron further down the line. European bond markets were notably stronger yesterday including a bounce back for 10y OATs (-7.4bps) to 1.006%. They outperformed Bunds (-2.1bps to 0.275%) while peripherals were a bit more mixed (yields flat to 6bps lower). It’s worth highlighting that 2y Bund yields finished down another 2bps yesterday at -0.902% and so extending their record low. They are in fact now down 24bps from the highs in January which has coincided with political uncertainly steadily climbing higher. European equities were alot more mixed yesterday. The Stoxx 600 finished -0.01%, the DAX +0.26% but the peripherals were much weaker with the IBEX and FTSE MIB -0.88% and -0.83% respectively. This morning bourses in Asia are generally trading in the red with commodity related names in particular underperforming. The Nikkei (-0.27%), Hang Seng (-0.48%), Shanghai Comp (-0.39%) and ASX (-0.26%) are all lower as we goto print. Yesterday’s declines across base metals don’t appear to be helping although Oil (+0.88%) has bounced back over $54/bbl following a -1.36% loss yesterday. Sovereign bond yields in Asia have also generally tracked lower. Staying in Asia it’s worth noting that the National People’s Congress (NPC) in China is now just around the corner with the event kicking off on March 5th. As a reminder this is where the government sets out its working plan for the year. Our China Chief Economist Zhiwei Zhang published a report yesterday previewing the event with what he expects to hear. He thinks that the government will set a growth target broadly unchanged from last year, keeping 6.5% as the floor. He is curious if the government will send signals on how they are going to handle the pressure from the US on trade issues. Further opening up some service sectors may be one option. Zhiwei highlights that investors should also pay close attention to press conferences during the NPC. Experience in the past suggests that messages from those press conferences may have a significant impact on the market. Also worth highlighting yesterday are our published takeaways from DB’s Bank Capital Forum 2017. Every year, the event brings together major investors, issuers and senior regulators to discuss the latest market and regulatory developments in banking. This year’s main topic was bank resolution and the keynote address was delivered by Dr. Elke König, Chair of the EU Single Resolution Board. It was followed  by a regulatory outlook panel, issuer panel and investor panel. The report should be in your inbox, contact [email protected] if not. Wrapping up, yesterday’s economic data in the US was reserved to the January existing home sales report which revealed that sales rose a better than expected +3.3% mom in January (vs. +1.1% expected). In Europe the notable data was the Germany IFO survey. The headline business climate reading jumped 1.1pts to 111.0 (vs. 109.6 expected) and so matching the December level again which is the highest since March 2014. Firms were most upbeat about the current assessment of the economy with that component rising 1.5pts to 118.4 while the expectations component rose 0.8pts to 104.0. Meanwhile in the UK  Q4 GDP was confirmed at a slightly above market +0.7% qoq (vs. +0.6% expected) but earlier downward revisions meant annual growth was revised down two-tenths to +2.0% yoy. Finally there were no surprises in the final January CPI print for the Euro area at -0.8% mom. That puts the headline annual rate at +1.8% while the core is at +0.9%. Looking at today’s calendar, this morning we’re kicking off in Germany again where we’ll get the final revisions to Q4 GDP (no change from the +0.4% qoq flash expected) along with the various growth components. Also due out will be various confidence indicators in France for February along with the UK’s CBI distributive trades survey for February. This afternoon in the US we’ve got initial jobless claims and the Kansas City Fed’s manufacturing survey. Away from the data the Fedspeak continues with Lockhart (1.35pm GMT) and Kaplan (6.00pm GMT) both scheduled. The ECB’s Praet is also due to speak at  various stages through the day.

Выбор редакции
23 февраля, 14:27

Cashed Up Glencore Heads Back Into The Fray

Mining giant Glencore hasn’t wasted any time since its crisis to pivot back to acquisitions.

Выбор редакции
23 февраля, 12:24

Glencore swings back to profit in 2016

Resurgent miner-cum-trader to also consider buying assets after cutting debt load

23 февраля, 11:45

FTSE dragged down by ex-dividend firms

Easyjet, Rio Tinto and HSBC lead London lower, while shopping centre owner Intu Properties jumps.

23 февраля, 11:42

Сделки Роснефти с Курдистаном и Ливией нужны ради нефтепереработки

Договор Роснефти с иракским Курдистаном о кредитах в обмен на сырую нефть и рамочное соглашение о поставках из Ливии нужны российскому нефтяному гиганту для заполнения системы НПЗ в Европе и Азии, сказали Рейтер источники среди трейдеров. Роснефть во вторник объявила о подписании договора с Курдистаном, став первой крупной нефтяной компанией, договорившейся о предварительном финансировании экспорта нефти из полуавтономного региона. Позже компания сообщила о сделке с Ливией.

23 февраля, 02:18

"Роснефть" поручилась на $11 млрд за неназванных контрагентов

"Роснефть" в 2016 году выдала поручительства банкам и третьим лицам на $11 млрд, а также авансы венесуэльской PDVSA на $1,5 млрд. В основном это сделки в рамках трейдинговых контрактов, объясняет компания"Роснефть" в 2016 году предоставила неназванным банкам поручительства на €9 млрд сроком до 2022 года, говорится в годовом финансовом отчете компании. Это сделано "с целью обеспечения гибких условий поставок и расчетов по договорам трейдинга углеводородами". Что это за обязательства, по которым поручилась "Роснефть", и чьи они, в отчете не раскрывается. Представитель компании сказал РБК, что для увеличения эффективности деятельности и повышения маржинальности продаж трейдинговые контракты "Роснефти" могут предусматривать предоставление поручительств в пользу третьих лиц. Контрагентов и условия он не раскрыл.По состоянию на 31 декабря 2016 года вероятность наступления событий, приводящих к требованиям по этим договорам поручительства, оценивалась как крайне низкая, уточняет "Роснефть". Ранее компания в своих отчетах по МСФО (доступны с 2011 года) не сообщала о подобных поручительствах по трейдинговым операциям.В январе 2017 года "Роснефть" заключила пятилетний (то есть до конца 2021 года) контракт на поставку нефти в адрес британской QHG Trading - совместного предприятия швейцарского трейдера Glencore и катарского суверенного фонда QIA. В декабре консорциум Glencore - QIA стал акционером "Роснефти", купив 19,5% акций компании. Общий объем поставок по трейдинговому контракту на протяжении пяти лет составит от 22,5 млн до 55 млн т, сообщала "Роснефть". При текущей цене нефти Urals и по нижней границе (22,5 млн т) законтрактованный пятилетний объем оценивается примерно в €8 млрд. Но предоплаты по контракту нет, говорит представитель "Роснефти". Это значит, что банковское финансирование или гарантии, которые обычно сопровождают такие контракты, могло и не понадобиться. Предыдущие контракты с трейдерами Glencore, Vitol и Trafigura на поставку им нефти "Роснефть" заключала на условиях предоплаты.В отчете по итогам девяти месяцев 2016 года "Роснефть" ничего не сообщала о поручительствах по трейдинговым операциям, а в четвертом квартале сообщала только об одном новом поставочном контракте - с Glencore в рамках приватизации 19,5% "Роснефти", говорит аналитик ВТБ Екатерина Родина. Представитель Glencore сказал РБК, что по этим вопросам нужно обращаться к "Роснефти". Представитель "Роснефти" в ответ на вопрос о поручительствах и трейдинговых операциях сообщил, что долгосрочные контракты компании предусматривают поставки нефти, нефтепродуктов, СПГ в рамках трейдинговых операций в более чем 40 странах мира с десятками крупных мировых компаний. "Для реализации этой работы "Роснефть" использует различные инструменты, в том числе гарантирующие исполнение сторонами своих обязательств", - сказал он.В 2016 году "Роснефть" разместила ряд структурированных депозитов "в высоконадежных российских банках" с целью участия в трейдинговых сделках, а также для проведения текущих сделок по слиянию и поглощению и для финансирования поставок нефти на Кубу и в Венесуэлу, говорится в материалах компании, сопровождающих отчетность. Структурированные депозиты, как правило, сочетают в себе стандартный депозит и опционный (форвардный) контракт, позволяющий дополнительно заработать на росте цены какого-либо актива (например, нефти). В отчете также говорится, что в 2016 году "Роснефть" заключила договоры о размещении депозитов сроком до 2022 года в долларах и евро на сумму, эквивалентную 400 млрд руб. Не ясно, идет ли речь об одних и тех же депозитах и связаны ли они с поручительствами компании на €9 млрд.У "Роснефти" есть и собственные трейдинговые операции, например, через швейцарскую Rosneft Trading S.A. Трейдер занимается поставками нефти и нефтепродуктов, а также СПГ. Также "Роснефть" летом 2016 года договорилась о встречных поставках нефти и нефтепродуктов с венесуэльской PDVSA. "Роснефть" поставляет нефть в Венесуэлу, и при этом PDVSA также отдает свою нефть "Роснефти", выплачивая тем самым авансы (фактически кредиты), предоставленные российской компанией.Возможно, "Роснефть" поручилась по банковским кредитам для прямых покупателей ее нефти, речь может идти о контрагентах "Роснефти" в развивающихся странах, говорит старший аналитик Sberbank CIB Валерий Нестеров. Венесуэла сейчас испытывает проблемы с поставкой нефти по своим долгосрочным контрактам, за которые получила предоплату, напоминает Нестеров. Не исключено, что PDVSA для привлечения кредитов и расчетов с "Роснефтью" могло понадобиться какое-то поручительство, предполагает аналитик. Вторая проблемная страна, которой могли бы потребоваться поручительства по кредитам, - Куба, отмечает Нестеров. В сентябре 2016 года лидер Кубы Рауль Кастро в письме просил президента Владимира Путина рассмотреть возможность налаживания стабильных поставок нефти и нефтепродуктов на Кубу, источник в "Роснефти" говорил РБК, что поставки на Кубу логистически возможны, поскольку "Роснефть" уже поставляет нефть в Венесуэлу.103 млрд для третьих лиц"Роснефть" также выдала поручительство "в пользу третьих лиц" на сумму в эквиваленте до 103 млрд руб. по курсу ЦБ на 31 декабря 2016 года. В какой валюте предоставлено это поручительство, в отчете не говорится. Это было сделано "в рамках инвестиционной деятельности", отмечает "Роснефть". Сумма поручительства соответствует примерно €1,6 млрд ($1,7 млрд). На вопрос РБК, что это за третьи лица, представитель "Роснефти" пока не ответил. По состоянию на отчетную дату "Роснефть" оценивает вероятность возникновения финансовых обязательств по данному поручительству как крайне низкую.Glencore в декабре сообщала, что заплатит за акции "Роснефти" €300 млн евро собственных денег, ее партнер QIA внесет €2,5 млрд, а остальные €7,4 млрд - это кредит консорциуму от итальянского банка Intesa и неназванных российских банков. При этом Glencore предоставила Intesa, у которой в залоге находится приватизированный пакет акций "Роснефти", гарантию на сумму до €1,4 млрд на случай падения цены акций "Роснефти" и, соответственно, удешевления залога. Однако некие российские банки согласились полностью компенсировать Glencore эту сумму в случае необходимости. Что это за банки и кто обеспечил их собственные гарантии, не раскрывалось. При этом "Роснефть" не принимала участия в сделке в качестве гаранта обязательств ее участников перед кредиторами, сообщали в декабре "Ведомости" со ссылкой на источник в "Роснефти".Авансы Венесуэле"Роснефть" также выдала новые авансы венесуэльской нефтяной компании PDVSA, с которой давно сотрудничает. "Роснефть" в предыдущих отчетах сообщала, что в мае 2016 года выдала PDVSA аванс в сумме $500 млн в рамках контракта на поставку нефти. Теперь раскрыты авансы, выданные в ноябре (на $500 млн и $205 млн) и в декабре (на $280 млн). Таким образом, в прошлом году "Роснефть" предоставила PDVSA авансы на общую сумму почти $1,5 млрд, а еще один аванс на $500 млн, выданный в начале 2016 года, был конвертирован в дополнительные 23,3% в венесуэльском СП Petromonagas."Роснефть" - крупнейший иностранный инвестор в Венесуэле, отмечала сама компания. Но у компании возникли проблемы. В феврале 2017 года агентство Reuters сообщило о просрочках с поставками венесуэльской нефти в адрес "Роснефти", а парламент Венесуэлы тогда же обвинил компанию в нарушении Конституции, занижении стоимости доли и не одобрил сделку по увеличению доли в Petromonagas. "Роснефть" в ответ заявила, что не сомневается в законности сделки.В 2014 году PDVSA договорилась с "дочкой" "Роснефти" TNK Trading International S.A. о получении от нее предоплаты в размере $4 млрд за последующие поставки нефти и нефтепродуктов, говорилось в отчетности PDVSA за 2014 год (в отчете "Роснефти" за тот же год эти авансы видны не были). Поставки были рассчитаны на пять лет, процентная ставка - LIBOR плюс 6% в первый год, LIBOR плюс 4% в последующие годы. В 2015 году PDVSA не получала авансов от "Роснефти", следует из отчетности венесуэльской компании. Предоплаты на $2 млрд были отражены в отчетах "Роснефти" за 2016 год, из них $500 млн были переклассифицированы из внеоборотного актива в инвестицию в совместные предприятия (доля в Petromonagas). (http://www.rbc.ru/busines...)

22 февраля, 23:13

Record Gasoline Glut Is Causing Problems On The East Coast

The U.S. East Coast traditionally relies on imports from east Canada and Europe to fill in its gasoline demand. However, these days the gasoline glut in the New York area is so big that traders are scheduling exports of gasoline from the New York Harbor to West Africa and Europe. Shippers plan to export at least two million barrels of gasoline and diesel from New York and Philadelphia in the coming weeks, according to shipping data compiled by Bloomberg. UK supermajor BP and commodity trader Glencore are reportedly some of the companies sending…

22 февраля, 11:54

Прибыль "Роснефти" рухнула в 2016 году на 49%

Чистая прибыль "Роснефти" по МСФО сократилась в 2016 г. на 49% в годовом выражении до 181 млрд руб. Выручка уменьшилась на 3,1% до 4,988 трлн руб. против 5,150 трлн руб. в 2015 г.

23 ноября 2015, 10:49

Glencore завершила покупку "РуссНефти" Гуцериева

"РуссНефть", которую Михаил Гуцериев создавал последние 10 лет, снизила долг до $2,3 млрд, конвертировав $3 млрд в акции, которые перешли к Glencore. В результате доля трейдера в "РуссНефти" составила 46%, а 54% осталось у Гуцериева.

03 июля 2015, 12:24

Glencore поможет Ирану вернуться на нефтяной рынок

Высшее руководство компании Glencore встретилось в Тегеране с представителями власти Ирана в преддверии соглашения по иранской ядерной программе. Это стало первым знаком того, что трейдинговые компании стремятся помочь Ирану вернуться на нефтяной рынок.

12 мая 2015, 21:47

Scofield: Диспетчеры Вангард.

М. Ходорковский, как представитель компании Вангард потерял свои позиции в 2003 году. Но сами позиции не собиралась терять компания Вангард. «Диспетчером» выступила компания Glencore. http://www.forbes.ru/forbes/issue/2007-06/12368-professiya-posrednik

25 февраля 2013, 12:42

"Роснефть" избавляется от посредников

"Роснефть" избавляется от посредников, заключая прямые контракты на поставку нефти в Европу. Последнее соглашение было подписано с итальянской компанией Eni. Сделка обещает стать выгодной для обеих сторон. Итальянцы закрепляются на ведущих позициях среди участников энергетического рынка региона. А "Роснефть" будет продавать сырье с большей выгодой для себя, в обход посредников. Ранее госкомпания заключила прямые договоры с крупнейшими европейскими переработчиками — PKN Orlen, Shell, Total и Eni. Теперь нефтяная компания станет крупнейшим поставщиком российской нефти в Европу. Но совсем отказаться от отношений с трейдерами "Роснефть" не смогла. Glencore и Vitol, с которыми она заключила крупные контракты, помогут в финансировании приобретения ТНК-ВР.