Shareholder RGI Shura fights

In a letter to the patterns of the respective organizations - Richard Alderman, Lord Turner, and Xavier Rolet - synergy, the Petr Shura investment vehicle, said that he was "discovered serious shortcomings in CIG, instances of financial misconduct, poor corporate governance and even an admission of substantial bribes paid by the CEO."

Synergy, which has more than 20pc of the company, said that he was "through every channel possible to apply regulatory intervention in society". In the letter, it calls for an independent law firm investigating the corruption allegations, an investigation into the role of the nomadic coast capital, the suspension of the Chief Executive Officer and the appointment of "two new and truly independent directors".

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Shares drag us on warning of a disaster "nuclear Japan".

At one point in New York late Wednesday, the yen strengthened to 76.53 against the dollar late but weakened to 79.04 at the prospect of action coordinated by the G7 countries to limit the damage to the world's third largest economy.

Markets have been at the Bank of the Japan, to intervene as a yen very poorly exporters of the country, potentially deepening damage already serious Japan by multiple disasters.

"It intensified speculation of the Bank of the Japan markets will soon intervene to limit their support of the yen," said analyst NAB Capital David de Garis.

Kaoru Yosano economy Minister insists the currency nor Japanese stock markets are in a State of unrest to justify the action of the g-7 and Tokyo sought was his "psychological support" peers.

Merchants surveyed how the G7 can do as the current market rout is based in large part by uncertainty on how the nuclear crisis will play.

US officials in Washington warned that the plant in Fukushima Dai-ichi can be on the point of spewing more radioactive, as Japanese military helicopters continued to dump water on a stricken reactor to try to avoid that a complete breakdown. They said the Americans to remain at least 50 kilometres of the plant.

"Foreign investors continued to dump stocks on growing fears about nuclear accidents." Also, investors are worried that the earthquake and the nuclear disaster certainly could dent economic growth, "said Masatoshi Sato, a market analyst at Mizuho investors securities."

Main landmarks across Asia were also lower. Hong Kong Hang Seng index lost 2pc, of Shanghai Composite Index slid 1. 2pc, Australia of the ASX dipped 0. 1pc, and the India Sensex fell 0. 4pc. ABN Korea of southern edged up to 0 1pc.

The Central Bank of the Japan injected cash in on the currency markets of Tokyo for three days in a row, an injection of total liquidity 55.6 billion yen (£ 430bn) since Monday.

On Wednesday, the Dow Jones fell 242.12 points-2. 04pc - close to 11613.3, frightened by the fear of nuclear catastrophe. The biggest fallers were IBM (-3.1 8pc), General Electric (-3.1 3pc) and Boeing (-3pc). Business electric and energy were hard these days that the benefits of the Japanese earhtquake and tsunami continues to disrupt supply and grid lines in the country of power.

The & S P 500 fell by 1. 95pc and the technology-rich Nasdaq Composite slid 1. 89pc.

The U.S. index followed the FTSE 100. Despite the British blue-chips opening day until slightly, they fell 1. FP7 - or 97.05 points - a minimum of three months expenses of 5598.23 on Wednesday. France of lost 2 23pc ACC and Frankfurt's DAX fell 2 01pc.

Angus Campbell, head of sales at Capital spreads, said: "investors have received another scare after the Commissioner of the EU energy today announced that the situation there was achieved out of control." Are the vendors because on the market and at one point, that the future Nikkei fell to three hundred points within ten minutes. »

Markets had been agitated throughout the day of the crisis in the power plant nuclear Fukushima damaged by the earthquake in the Japan has intensified.

Guenther Oettinger, Minister of energy of the European Union, said the European Parliament: "In the next few hours it could be more catastrophic events, which could pose a threat to the life of the inhabitants of the island."

He said the nuclear site is "effectively out of control:"cooling systems have not worked, and as a result, we are somewhere between a disaster and a major disaster.""

Feeling the market was still blocked by the increase in the price of oil following clashes in Bahrain, downgrade of a Moody of the debt of the Portugal and the United States poor economic data showing wholesale pricing pressures greater than expected and the recession in construction to a low near record housing.

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Smith & Nephew travel as FTSE slips on us data

BIOMET, which also manufactures seals for replacement, posted second-quarter results suggesting that the orthopedics market cannot yet recovering from wounds inflicted by the economic downturn.

With sluggish Biomet their turnover, S & N fell a half to 650 p. Jefferies analysts suggest that results of Biomet may indicate a slowdown rained in orthopedics, market but that it retained their "buy" on the S & N nonetheless.

Analysts at UBS, however, cut their ratings on S & N to "neutral" from "buy" on the basis of the assessment. But UBS - is broker joint S & N - M & could offer. The manufacturer of the medical device is a perennial topic of bid rumours, with the latest gossip soon a takeover by a consortium of private equity. Taking into account the current value d'Entreprise de l'entreprise, UBS analysts said that it was difficult to see an agreement as possible.

UBS has already suggested that a combination of private Biomet belonging to fairness and S & N would be attractive, based on savings. But the broker said yesterday: "it is not clear that the credit conditions have improved sufficiently for a deal between these two players debt-financed."

While S & N remains on M & A UBS list shows, the broker said: "we have little visibility as to whether if the probability for M & A has actually increased.

Another company of health, feeling the weather was AstraZeneca. Author of drugs fell 37 percent to £ 29.89 on news that its new medicine of thyroid cancer is facing a period of three months after regulators that U.S. extended time to conduct a review of the drug.

Fall came from Astra as the market as a whole seemed a little off the coast of the color. FTSE 100 falls 35.18 points to 5984.33 while the FTSE 250 points 42.52 at 11674.35. Monthly U.S. pays U.S. employers reports showed added less than jobs that expected in December, which began the confidence of investors.

Taking the tumble size was arm Holdings. Microchip designer 22.4 lost p 459.6 on profit taking after he hit a maximum of ten years earlier in the week following the news that Microsoft is developing a version of its operating system compatible with arm's chips.

A sense of asceticism of the new year was in evidence among the other blue-chip laggards. Imperial tobacco and british american tobacco fell 37 percent £ spend and 54½p to £ 24.26½ respectively.

With the smoking cessation, at the top of a large number, a list of resolutions for the new year, Citigroup examined declining long-term consequences of smoking tobacco companies. "And if the last smoker quits in 2050?" application analysts, as they cut British American Tobacco and Imperial Tobacco "hold" to "buy".

But, then merchants have been shedding cigarettes, alcohol was still in favor with SABMiller progress £ 22.60 14½.

Having been given boost by Citigroup Thursday, the Brewer Grolsch and Peroni was yesterday increased, to "buy" from "neutral" by Goldman Sachs, who stressed the SAB to emerging markets exposure. Other consumer stocks were in demand, also, with Whitbread - the group behind the Costa Coffee - set 31 p to £ 18,87 and associated british foods, from 11% to £ 11.50.

In pole position, however, drove GKN. The manufacturer of parts for car and aircraft acquired 9.7 percent 229.7 as UBS raised its price target to 220 p 180 p on a review of the sector.

Among the winners on the second level were bits of retailers such as traders seemed to come for another round of updates to Christmas trading.Retail Dixons high 0.48% 23.49. sports Direct International and the Mode of Sports of JD spent 3.1-168 p and p 29½ to 895 respectively. The latter said yesterday that profits would be high expectations after a solid performance of brands such as Duffer.

Flying high too was easyJet. No-frills company reaches 19 474 p after reporting that the number of passengers increased 7 FP6 in December from the previous year.

Housebuilders were disgrace, however, Redrow, Development Barratt and Bellway dropped 6.1 131,3 p, p 3 to 93.4 and 19½ at 680½p, respectively.

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Wall Street falls as a debt default day edges closer

The relatively relaxed attitude Wall Street has taken so far in the talks that began two months ago is now replaced with anxiety growing with the approach of the deadline August 2 Photo: AP

With no sign of progress in the round of talks parallel debt to the Capitol, investors moved quickly to reduce their exposure to shares in what is shaping up to a heavy it four trading days. The & S P 500 fell 10.66-0. 81pc - 1,305.48, while the Dow Jones Industrial Average fell 92,34-0. 74pc - to 12,387.39.

Despite a sweep of the largest companies in America, including Coca-Cola, Apple and Goldman Sachs, reports of results this week Wall Street is now riveted on the negotiations aims to raise the ceiling of the debt of $ 14.3 billion (8.9 billion to £) America.

Markets "continue to have saw long Exchange as new macro continue to confuse and concern investors", said Mary Ann Bartels, a strategist at Bank of America, Merrill Lynch. "Investors are naturally maintain a low profile."

The relatively relaxed attitude that Wall Street has taken so far in the talks that began two months ago is now replaced by concern at the approach of the date limit growing August 2. U.S. Secretary of the Treasury Tim Geithner has warned that if the ceiling of the debt - or requirement of the country the legal loan - was not raised in two weeks and then the Government has more will be able to pay all his bills.

With some politicians in Congress by minimizing the importance of a temporary default on its debts, Monday rating agency Fitch said that risks of losing America's precious AAA credit rating for the first time in its history. "Agreement on a credible fiscal consolidation strategy will secure the status of"AAA"U.S.," said Fitch. "Not inevitably undermine the sovereign credit profile." The warning echoed those made by Standard & Poor and Moody last week.

On Wall Street, it was the banks, the first victims of the losses. Shares of Bank of America, the countries largest lender collapsed 2. 8pc, while the shares of Citigroup fell to 1. FP7. The new, Friday evening, that eight banks were not new trials of stress by financial regulators of the already shaken nerves frayed continent.

The President Barack Obama and the Republicans and Democrats in Congress are in the paradoxical situation to try to reach a long-term agreement on the reduction of the deficit as a condition for the lifting of its debt ceiling.

After winning control of House of representatives during the elections last November, Republicans insist spending reduction must bear the burden.

The White House and the Democrats are adamant that the closure of tax for companies and the richest in America must be part of the agreement.

While the S & P and the Dow Jones was cast, prize of the American Government bonds rose Monday as investors relies still on them as a refuge for the debt crisis deepening of Europe.

The yield, which moves in the opposite direction to bond prices, dropped to 2 89pc, near its lowest level this year.

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