Archive for September, 2007

U.S. Treasury notes rise after grim home sales report

Saturday, September 29th, 2007

Prices of U.S. Treasury notes rose Thursday after a government report showed that the pace of new home sales fell more than forecast and demand in an auction of five-year notes exceeded expectations.
“There’s real investor demand at these yield levels,” said Dan Orlando, head of U.S. Treasury trading in New York at Deutsche Bank, one […]

Shares in UK reinsurance broker Benfield soar on auction hopes

Friday, September 28th, 2007

Shares in reinsurance broker Benfield Group Ltd (BFD.LN), rose 10% at the open Friday after a report that Goldman Sachs Group Inc. had made an offer for the company sparked hopes of an auction.
The Daily Telegraph said Goldman Sachs had approached Benfield with an offer of about GBP700 million, and although talks had broken down […]

Deutsche Telekom to start auction for radio towers in October

Friday, September 28th, 2007

Deutsche Telekom AG (NYSE:DT) will start the auction for its radio towers and aerial masts at the beginning of October, Handelsblatt reported.
Three potential buyers have emerged, among them Macquarie Bank and French broadcaster Telediffusion de France (TDF), both of which have also made bids for Deutsche Telekom’s Media and Broadcasting unit, the paper said.
Two of […]

Iraq.com for Sale in Auction at GreatDomains.com

Thursday, September 27th, 2007

Press Release
CAMBRIDGE, Mass., September 25, 2007 – Sedo, the leading online marketplace for the buying and selling of domain names, has today announced that the domain name Iraq.com is currently available for sale via auction on GreatDomains.com. As part of the Iraq.com transaction, Sedo has also announced it will donate a percentage of its […]

Bank of England auction fails

Wednesday, September 26th, 2007

British banks shunned the Bank of England’s auction of three-month money on Wednesday, submitting no bids to borrow the £10bn on offer.
Under the auction, banks were able to offer much lower quality collateral than normal for Bank of England cash, something that represented a U-turn for the central bank. It said it would continue with […]

Bank of England auction

Wednesday, September 26th, 2007

The Bank of England will hold an auction on Wednesday offering to lend £10bn to the UK’s banks to ease their credit problems.
It will inject the cash into the money markets in an attempt to reduce the rates of interest that banks are charging each other.

San Miguel confirms offer to pre-qualify in TransCo auction

Wednesday, September 26th, 2007

San Miguel Energy Corp., a subsidiary of food and beverage giant San Miguel Corp., on Tuesday confirmed it has joined the pre-qualification process for the bidding of the 25-year concession to run the National Transmission Corp. (TransCo).
In a disclosure to the Philippine Stock Exchange (PSE), San Miguel Corp. confirmed reports that San Miguel Energy has […]

Jakarta - Oil and gas auction in October

Saturday, September 22nd, 2007

A number of oil and gas giants including U.S.-based Chevron, Exxon and ConocoPhillips, France-based Total and British-based Shell and BP, are set to submit their bids in the government’s next tender for oil and gas exploration projects in the country, an official says.
Even though the auction will likely be opened in October, R. Priyono, the […]

Bank of England 3 month interbank auctions scheduled

Friday, September 21st, 2007

The Bank of England said it will hold its auctions of funds in the interbank money market on a three-month maturity on Sept 26 and then on Oct 2, 10 and 17.
The size of the first auction will be 10 bln stg, with the sizes of the three subsequent auctions to be announced at midday […]

Brazil to auction potentially rich oil blocks in November

Thursday, September 20th, 2007

Brazil plans to auction 152 potentially rich offshore oil blocks in late November, according to the National Petroleum Agency.
Several of the blocks have an “elevated potential to hit oil or gas,” the agency known as ANP said in a statement late Tuesday. They are next to recent promising finds in Brazil’s Santos Basin.
Earlier this month, […]