Page 72 - Ekonomija i Biznis_juli-avgust 2016.indd
P. 72

FLASH WORLD                          MICROSOFT BUYS                      GERMANY STARTED
                                     LINKEDIN                            TO CHARGE WHEN IT
IRAN RENEWS THE                                                          BORROWS MONEY
OILS DELIVERIES IN
THE EUROPEAN MAR-
KETS

Iran signed agreements for oil       For this purpose, Microsoft         Last month, right before the
delivery with companies from         will pay 196 dollars per share,     United Kingdom voted for
Italy, Spain, and Greece, stated     therefore it would need to          “Brexit”, for the first time in
the Head of the International        dedicate an amount of 26.2          history, the interest rate of
Department of the Iranian            billion dollars. The CEO of         the ten-year state government
national oil company, Mohsen         LinkedIn, Jeff Weiner, after the    bonds reduced below zero. The
Ghamsari. Agreements have            acquisition of the company,         uncertainty from the eventual
been concluded with the Italian      will keep his position and will     successful results from the vote
companies “Saras” and “Iplom”,       be directly responsible before      for “Brexit” (something that
the Spanish “Repsol”, and the        Satya Nadella, the CEO of           we already know was realized)
Greek “Hellenic Petroleum”. He       Microsoft. As indicated in the      made the investors to panically
pointed out that they continue       acquisition agreement, LinkedIn     transfer their assets in so called
the negotiations with other          will retain the “authenticity       “paradise” securities which in a
companies such as “Shell”,           of its brand, business culture,     given moment, instead of looking
“Vitol”, “Mol” and “Eni”. “We        and independence”, something        for an interest for the borrowed
managed to quickly return an         that was previously used as a       assets, they offered a premium
important part of the previous       doctrine by Facebook during the     for keeping. “No one buys these
markets in Europe and in Asia.       takeover of WhatsApp. Satya         bonds because he/she considers
The speed wherewith Iran             Nadella, in his addressing to       them an attractive investment.
renewed the market positions is      the employees, indicates that       The fears of instability instigate
satisfactory and many analysts       the takeover of LinkedIn will       the investors to increase the
are surprised. The European          open new opportunities for          security of their funds, therefore
market positively accepted           integration of the professional     the demand of these ‘paradise’
the Iranian oil and currently,       network with the Microsoft’s        securities is unusually high” –
according to the initial data, in    “Office” tools. Immediately after   stated Jussi Hiljanen, one of the
Europe every day from 600.000        the announcement of the news,       leading experts in the market
to 700.000 barrels of oil from Iran  the shares of LinkedIn increased    of securities. The ten-year state
are being delivered.”, pointed       for as much as 47%, right           bonds are the most important
out Ghamsari. Currently Iran’s       after the opening of the stock      funding mechanism of the
production plants produce more       exchanges, while the shares of      huge German debt. In addition
than two million barrels of oil per  “Microsoft” reduced by 4%. The      to Germany, only Japan and
day, which is realization of the     deal is expected to be realized by  Switzerland borrowed ten-year
capacity before the introduction     the end of this year.               bonds with a negative interest
of the sanctions. During the                                             rate.
sanctions, Iran lost more than
half of the market, and the daily
production was approximately
one million barrels per day.

72 July-August 2016
   67   68   69   70   71   72   73   74   75   76   77