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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (37262)	7/16/2008 5:28:43 PM
From: XBrit	Read Replies (2) \| Respond to of 220413

<<As to the rally for sure it was a short covering>> There is some speculation that market-makers were scared to short financials today because they aren't sure what the new crackdown on borrows means.

To: Haim R. Branisteanu who wrote (37262)	7/16/2008 6:31:01 PM
From: elmatador	Respond to of 220413

EADS, would consider shifting operations to Brazil or Mexico as well as North Africa as part of a desperate attempt to move away from the eurozone. The company owns Airbus, and its aircraft are priced in dollars. EADS planned to build a factory in Alabama after winning a contract to supply mid-air refuelling aircraft to the US Air Force. But this tender has been reopened and the £20bn order may now go to Boeing. EADS already has a final-assembly plant in China for its A320 aircraft, but the company is exploring other overseas facilities. "We could go to, say, Mexico or Brazil," he said. Tunisia was also an option, Mr Gallois added. Latecoere, a French aerospace equipment manufacturer and a big supplier to Airbus, is building a factory in Tunisia, which will employ 1,200 staff. It is thought that the Tunisian government demanded that the factory be built in return for placing an order for Airbus aircraft. Mr Gallois described Latecoere's investment as "a very interesting development". Mr Gallois also said that he expected the UK to honour its commitment to buy another 86 Eurofighters. The four-nation consortium building the jet has ordered 620 of the aircraft, but some in Whitehall believe it is a Cold War relic unsuited to modern needs. Farnborough Air Show: Planemaker EADS wants to flee eurozone By Russell Hotten, Industry Editor at Farnborough Air Show Last Updated: 10:53pm BST 15/07/2008 Europe's largest aerospace company, EADS, would consider shifting operations to Brazil or Mexico as well as North Africa as part of a desperate attempt to move away from the eurozone. The strength of the euro, which touched a record high against the dollar of 1.60 yesterday, is having a huge impact on EADS. The company owns Airbus, and its aircraft are priced in dollars. advertisement Yesterday, speaking at the Farnborough Air Show, Louis Gallois, EADS chief executive, said that moving into the dollar zone was a priority. "The US is in the dollar area, and so we have to be in the dollar area," he said. He said the weak dollar was hurting, but was not critical. "At €1.60 (to the dollar) we are not dead. But we are not in the same shape as if it was €1.20 to the dollar." EADS already has a final-assembly plant in China for its A320 aircraft, but the company is exploring other overseas facilities. "We could go to, say, Mexico or Brazil," he said. Tunisia was also an option, Mr Gallois added. Latecoere, a French aerospace equipment manufacturer and a big supplier to Airbus, is building a factory in Tunisia, which will employ 1,200 staff. It is thought that the Tunisian government demanded that the factory be built in return for placing an order for Airbus aircraft. Mr Gallois described Latecoere's investment as "a very interesting development". Mr Gallois also said that he expected the UK to honour its commitment to buy another 86 Eurofighters. The four-nation consortium building the jet has ordered 620 of the aircraft, but some in Whitehall believe it is a Cold War relic unsuited to modern needs. telegraph.co.uk