Bureau Chief, Helsinki
Ritsuko's Feed
May 6, 2011

Euro central banks welcome oil drop, no sign of policy shift

HELSINKI (Reuters) – Euro zone central bankers welcomed a plunge in oil and commodities prices on Friday, saying it could cool inflation, but gave no sign they would change their determination to tighten monetary policy this year.

“The fall in the price of oil and commodities is good to take for all reasons, certainly for inflation, not only immediately but with the danger of second-round (effects) in the medium run,” European Central Bank President Jean-Claude Trichet said.

May 6, 2011

Euro c.banks welcome oil drop, no sign of policy shift

HELSINKI, May 6 (Reuters) – Euro zone central bankers
welcomed a plunge in oil and commodities prices on Friday,
saying it could cool inflation, but gave no sign they would
change their determination to tighten monetary policy this year.

“The fall in the price of oil and commodities is good to
take for all reasons, certainly for inflation, not only
immediately but with the danger of second-round (effects) in the
medium run,” European Central Bank President Jean-Claude Trichet
said.

Apr 18, 2011

True Finns set for government, see EU bailout changes

HELSINKI (Reuters) – The True Finns, the anti-euro party voted into a powerful role in the Helsinki parliament at the weekend, expect the European Union to change plans for a bailout of Portugal, its leader said on Monday.

“Of course there will have to be changes,” Timo Soini told reporters a day after his party more than quadrupled its share of the vote to turn Finland’s traditionally pro-EU politics on their head by finishing a close third in the election.

Apr 18, 2011

True Finns set for govt, see EU bailout changes

HELSINKI, April 18 (Reuters) – The True Finns, the anti-euro
party voted into a powerful role in the Helsinki parliament at
the weekend, expect the European Union to change plans for a
bailout of Portugal, its leader said on Monday.

“Of course there will have to be changes,” Timo Soini told
reporters a day after his party more than quadrupled its share
of the vote to turn Finland’s traditionally pro-EU politics on
their head by finishing a close third in the election.

Apr 17, 2011

Finns to vote, populist party threatens EU bailout

HELSINKI, April 17 (Reuters) – The anti-euro True Finns
party is expected to reel off big gains in Finland’s general
election on Sunday, threatening pro-European government and
raising the risk of disruptions to an EU bailout of Portugal.

Finland, unlike others in the euro zone, can put requests
for bailout funds to a majority vote in parliament, meaning that
the election outcome is likely to affect European Union plans to
shore up Portugal and stability in debt markets.

Apr 15, 2011

New Finn govt will back Portugal aid -leading party

HELSINKI, April 15 (Reuters) – Finland’s National Coalition,
the party tipped to win Sunday’s election, said it was sure the
next government would support an EU bailout plan for Portugal
although a popular opposition party remained against it.

Finland, unlike others in the euro zone, retains the right
to put requests for funds to a majority vote in parliament.

Apr 7, 2011

Tyre firm Nokian Renkaat taps Russia market surge

HELSINKI, April 7 (Reuters) – Finnish winter tyre specialist
Nokian Renkaat (NRE1V.HE: Quote, Profile, Research, Stock Buzz) plans to invest about 240 million
euros ($343 million) into a new car tyre plant in Russia to
boost production and meet growing demand.

A new plant to be built next to the existing facility will
increase its annual car tyre capacity by 5-6 million to 20-21
million tyres during 2012-2014, it said.

Mar 18, 2011

Cisco to pay first cash dividend; shares rise

NEW YORK (Reuters) – Cisco Systems Inc (CSCO.O: Quote, Profile, Research, Stock Buzz) plans to pay a cash dividend to shareholders for the first time, helping appease investors’ concerns about its growth and eroding margins and sending its shares up nearly 3 percent.

Avian Securities analyst Catharine Trebnick said the quarterly dividend of 6 cents per share, which will be paid to shareholders starting on April 20, broadens the company’s appeal to Wall Street as its growth has waned in recent quarters.

Mar 4, 2011

Juniper sees market growing to $66 bln in 3 years

NEW YORK, March 3 (Reuters) – Juniper Networks Inc (JNPR.N: Quote, Profile, Research, Stock Buzz)
said it expects its market opportunity to grow more than 60
percent over the next three years, as it launches more advanced
network equipment and enters new markets like mobile security.

Juniper’s target market is likely to grow to $66 billion in
2013 from $41 billion in 2010 as new products like its QFabric
data center systems boost sales, Chief Financial Officer Robyn
Denholm told a financial analyst meeting.

Feb 28, 2011

Analysis: After years of buying, Cisco may need to sell

NEW YORK (Reuters) – For years, the question at Cisco Systems Inc (CSCO.O: Quote, Profile, Research, Stock Buzz) was what to buy next, expanding from routers and switches into consumer electronics in an effort to keep its revenue rising by double digits.

Now, the question may be what to cut or sell off.

Since Cisco reported a weak outlook and lower-than-expected margins this month, investors and analysts wonder if it would be better off without some of its less successful businesses, including consumer router unit Linksys.