Agnieszka's Feed
Nov 11, 2013

Corn up for second session after USDA crop forecast

MILAN, Nov 11 (Reuters) – Chicago corn futures rose more
than 1 percent on Monday to their highest in nearly two weeks
after a lower-than-expected U.S. Department of Agriculture
(USDA) crop forecast for the United States.

Extending gains from the previous session, Chicago Board of
Trade December corn rose 0.76 percent to $4.30-1/4 a
bushel by 1203 GMT, below a session high of $4.32, the highest
level since Oct. 31. Corn closed up 1.5 percent on Friday.

Nov 4, 2013

U.S. corn falls for 4th session on prospects of big harvest

MILAN, Nov 4 (Reuters) – U.S. corn futures fell on Monday,
on course for a fourth straight session of declines and the
longest slide in more than three months, weighed by expectations
a report this week will confirm the United States is headed for
a bumper harvest.

Chicago Board of Trade December corn futures fell 0.06
percent to $4.27 a bushel by 1154 GMT, having slid 0.2 percent
on Friday when the grain hit a three-year low of $4.25-3/4.

Oct 30, 2013

Milan held despite first goal of season for Kaka

MILAN (Reuters) – Brazil playmaker Kaka scored his first goal, a delightful curling shot, since his return to AC Milan at the start of the season but his struggling team were held 1-1 at home by Lazio in Serie A on Wednesday.

Second-placed Napoli won 2-1 at Fiorentina who were furious after midfielder Juan Cuadrado was sent off after twice being booked for diving in the penalty area, with the second incident coming in stoppage time.

Oct 30, 2013

Soccer-Milan held despite first goal of season for Kaka

MILAN, Oct 30 (Reuters) – Brazil playmaker Kaka scored his first goal, a delightful curling shot, since his return to AC Milan at the start of the season but his struggling team were held 1-1 at home by Lazio in Serie A on Wednesday.

Second-placed Napoli won 2-1 at Fiorentina who were furious after midfielder Juan Cuadrado was sent off after twice being booked for diving in the penalty area, with the second incident coming in stoppage time.

Oct 14, 2013

Rival airline attacks Alitalia rescue as illegal

MILAN/PARIS (Reuters) – A leading European airline group denounced Italian plans to rescue Alitalia as illegal on Monday, as shareholders were due to vote on a capital increase to keep the near-bankrupt carrier flying.

International Airlines Group (ICAG.L: Quote, Profile, Research, Stock Buzz), which owns British Airways and Spain’s Iberia, urged the European Commission to intervene over the Italian government’s attempts to stitch together a bailout for Alitalia.

Oct 13, 2013

Air France-KLM’s stand unclear for Alitalia capital increase

MILAN/PARIS (Reuters) – Shareholders of Alitalia will vote on Monday on a 300 million euro ($407 million) capital increase to keep the near-bankrupt Italian airline flying, but the participation of top investor Air France-KLM is far from certain.

The loss-making carrier was thrown a lifeline on Friday when its board members – including Air France-KLM – approved a government-led 500-million-euro bailout. The emergency plan includes the capital increase and loans worth 200 million euros.

Oct 11, 2013

Alitalia plan not enough, say critics, as Air France keeps quiet

ROME, Oct 11 (Reuters) – Italy’s government drew fire on
Friday after stitching together an emergency bailout for
Alitalia that critics said should involve less taxpayer money
and more long-term strategy, while top shareholder Air
France-KLM refused to commit to the plan.

Alitalia, which last turned a profit in 2002, needs to
secure funding of 500 million euros ($676 million) by Saturday
or risk its planes being grounded. Creditor Eni has
threatened to cut fuel supplies unless the airline can show it
is a business “we expect to exist six months from now.”

Oct 10, 2013

Italy seeks Alitalia rescue despite doubts on business logic

MILAN (Reuters) – Alitalia, the Italian national airline that has made a profit only a few times in its 67-year history, once again risks collapsing as the government scrambles to find investors willing to rescue its problem child.

Rome offered a financial lifeline to Alitalia through the state-owned post office, but the plan depends on private shareholders ploughing more money into what many investors regard as a corporate lost cause.

Oct 10, 2013

Italy races to save Alitalia as creditors circle

MILAN/ROME, Oct 10 (Reuters) – The Italian government is
racing to save Alitalia from bankruptcy after unions warned the
national airline risked defaulting within days and creditor ENI
threatened to stop supplying fuel.

Alitalia, struggling to keep up payments on one billion
euros of debt, postponed til Friday afternoon a board meeting
scheduled for 1500 GMT on Thursday. An Alitalia spokeswoman
declined to say why, but the delay gives Prime Minister Enrico
Letta’s government, itself cash-strapped, longer to try to
persuade another Italian company to stump up interim funding.

Oct 1, 2013

Air France-KLM may help Alitalia under conditions: report

MILAN/PARIS (Reuters) – Franco-Dutch carrier Air France-KLM (AIRF.PA: Quote, Profile, Research, Stock Buzz) said on Tuesday it was open to merging with Alitalia in a move seen as the best solution for turning round the loss-making Italian airline.

But both sides said any tie-up would depend on certain conditions being met first, as time runs out for indebted Alitalia.