http://www.cityoutmonaco.com Monaco hotels, luxury travel & lifestyle guide Thu, 17 May 2012 16:41:28 +0200 Thu, 17 May 2012 16:41:28 +0200 info@cityoutmonaco.com (Cityout Monaco) http://www.cityoutmonaco.com http://www.cityoutmonaco.com/images/cityout_logo.jpg en-US info@cityoutmonaco.com (Cityout Monaco) The work of British artist and sculptor Marc Quinn in a stunning new exhibition at the Oceanographic Museum
What: Marc Quinn: an alchemy, a shared universe Where: Oceanographic Museum, Monaco When: Saturday 12 May to Monday 15 October 2012 Open: Daily 9.30am to 7pm (7.30 pm in July and August)* Admission: €14 (€10, €7) Information: +377 93 15 36 00 Following the enormous success of Damien Hirst's exhibition 'Cornucopia' at the Oceanographic Museum of Monaco in 2010, another controversial Young British Artist has picked up the baton, again seeking to unite art and nature in a building which is fast becoming one of the major focal points not just for marine biologists but also lovers of contemporary art. Marc Quinn, who was born in London in 1964, is no stranger to lurid headlines in the tabloid press, especially since his 1991 piece Self, described in catalogues as made using 'stainless steel, perspex, refrigeration equipment, and blood'. His own blood, in fact, 4.5 litres of which he sculpted into a likeness of his own head.  Today, there are several 'Selfs' in existence, since he repeats the exercise every five years. Remarkably, this gory but undeniably fascinating bust has fetched a great deal of interest - and money - in the international art market, with the original selling for £1.5 million to an American collector in 2005. Although this may sound like something from a gothic horror story, what propels Quinn's vision is something far more scientific. Other objects have included a 'portrait' made from the DNA of human genome pioneer Sir John Sulston, and 'Garden', a collection of plants which could not survive in the same habitat in nature, yet are happy to do so when cryogenically frozen and placed in an artwork. The Origin of the World (Cassis madagascariensis) Indian Ocean, 310Bronze, 2012 Quinn piqued interest in a more public way with his monumental marble statue for the empty fourth plinth in Trafalgar Square. Statues in London typically celebrate the glorious deeds of male military leaders. This one sought to raise awareness of other members of society: it was of a pregnant woman, Alison Lapper, who was born with no arms and shortened legs. Throughout his work, the fascination with what makes is human is supremely evident. Recent projects include a new series of flower paintings executed in reverse colour and two large-scale orchid sculptures in white painted bronze. About the venue Built literally into the side of the legendary Rock of Monaco, the Oceanographic Museum has been guarding the ocean for over a century. It was designed as a palace dedicated to the sea, and a place to display the results of the oceanographic surveys carried out by its founder. These days, the museum is more a point of cultural exchange and discussion, with the common heritage of mankind at its heart. For Quinn's exhibition, sixty pieces will be on display throughout the halls of the museum, as well as in the front courtyard and on the panoramic terrace. Sculptures and paintings will gain particular emphasis from their juxtaposition with scientific displays, and of course visitors buying a ticket for the aquarium will have free access to the exhibition. In this way, the artist will be helping to fulfil the vision of HSH Prince Albert I, who had the museum constructed in the first place to 'gather together in one place the two driving forces of civilization: art and science'. *exhibition open daily except on the day of the Monaco Grand Prix
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What: Cinema Sporting Where: Place du Casino, Monaco Information: 08 92 68 00 72 (€0.34/min) Programme details (including French language movies)  Located in the art deco Sporting d'Hiver building in the Place du Casino, the Cinema Sporting is Monaco's premier venue for the latest films in French plus a selection of movies screened in their original language. This Week:Showing this week in English are Tim Burton's fantasy comedy Dark Shadows, in which an imprisoned vampire, Barnabas Collins (Johnny Depp), is set free and returns to his ancestral home where his dysfunctional descendants are in need of his protection; and The Best Exotic Marigold Hotel, a light-hearted comedy drama (starring most of the grands hommes and grandes dames of British stage and screen) as they set off to spend their twilight years in the faded splendour of an Indian palace. Tea with Mussolini - with more elephants... --- See left-hand panel for what's on today, or below for films in the coming week. Ticket prices: afternoons: Mon-Fri €7.50, weekends: €10.50 evenings: Tue-Wed €7.50, Thu-Mon €10.50 under-20s and over-60s: €7 for selected showingsFilms this week Thursday 17 May 6.30pm: The Best Exotic Marigold Hotel 6.30pm: Dark Shadows 9.00pm: Dark ShadowsFriday 18 May 2.00pm: The Best Exotic Marigold Hotel 7.15pm: Dark ShadowsSaturday 19 May 7.15pm: The Best Exotic Marigold HotelSunday 20 May 6.30pm: The Best Exotic Marigold Hotel 9.00pm: The Best Exotic Marigold Hotel 9.00pm: Dark Shadows Monday 21 May 2.30pm: The Best Exotic Marigold Hotel 6.00pm: The Best Exotic Marigold Hotel 6.00pm: Dark Shadows 9.00pm: The Best Exotic Marigold HotelTuesday 22 May 2.30pm: Dark Shadows 6.00pm: The Best Exotic Marigold Hotel 6.00pm: Dark Shadows
Read more...]]> http://www.cityoutmonaco.com/monaco-events/articles/cinema-sporting Thu, 17 May 2012 14:13:24 +0200 http://www.cityoutmonaco.com/monaco-events/articles/cinema-sporting info@cityoutmonaco.com (Cityout Monaco) from Churchill Capital - 17 May 2012
This page is sponsored by Churchill Capital US DJIA -33.45(-0.26%), S&P 500 -5.86 (-0.44%), NASDAQ -19.72(-0.68%) U.S. stocks fell, as Greece's financial crisis continues to worsen and the FED said that more monetary policy may be needed.  In commodities, Oil hit a six-month low of $92.81/bbl, gold fell $21.30 to $1,536.30 an ounce and natural gas gained 5.20% to close at $2.63 per million British thermal units.  The Euro continued to weaken vs. The Dollar losing 20bps to $1.2769. Eight out of ten S&P sectors finished lower on the day with Financials (-1.36%) and Materials (-1.18%) performing the worst, while Health Care (+0.22%) and Consumer Staples (+0.30%) outperformed.   Europe Stock News                                                                         TLW LN:    Tullow Oil Gets 50% of Lake Victoria Block in Kenya      BLT LN:    BREAKAWAY SAYS BHP EXITS JV AFTER COMMERCIAL, TECHNICAL REVIEW HSBA LN:   HSBC SAYS IT REAFFIRMS ROE OF 12-15% TARGETS. EXPECTS TO HIT TOP-END OF $2.5 BLN-$3.5 BLN SAVINGS TARGET           ENEL IM:   Moody's downgrades Enel to Baa1; stable outlook NOVN VX:   NVA237 Phase III Data Showed Sustained Improvement In Lung Function BNL PL:    Banco Modal said to be in talks to buy Brazil subsidiary             IAP LN:    ICAP in Talks to Buy Plus Markets Group: FT GSK LN:    Glaxo’s Melanoma Cocktail Slows Cancer With Fewer Side Effects ABBN VX:   ABB Says More than $11b Invested in N. America in 3-Year Period ALU FP:    Alcatel-Lucent USA Settles Patent Litigation With Klausner          VIE FP:    Veolia Has Received Several Offers for Solid Waste Ops in U.S.      ASM NA:    ASM International to Study Market Valuation of Company SYV SM:    Sacyr Fomer Chairman Luis Del Rivero Cuts Stake to 4.85%          RDSA NA:   Shell Chief Says U.S. Natural Gas Prices to Double by 2015: FT PP FP/YOOX IM: PPR Said in Talks to Set Up E-Commerce Venture With Yoox AREVA FP:  Areva May Resume Dividend in 2013 as Turnaround Plan Takes Hold ELE FP:    Euler Hermes 1Q Net EU66.4m vs Est. EU64.5m FNC IM:    Board Member Iansiti resigned. Shareholders approve 2011 results. ANTO LN:   Antofagasta 1Q Ebitda $1.1b vs Est. $1.19b         Economic Figures Event Survey Prior US Initial Jobless Claims 365K 367K US Continuing Claims 3225K 3229K US Philadelphia Fed. 10 8.5 US Leading Indicators 0.10% 0.30%         
Read more...]]> http://www.cityoutmonaco.com/monaco-financial/articles/churchill-capital-daily-trader-20120517 Thu, 17 May 2012 11:45:55 +0200 http://www.cityoutmonaco.com/monaco-financial/articles/churchill-capital-daily-trader-20120517 info@cityoutmonaco.com (Cityout Monaco) Rare Ferrari automobiles and hydroplane achieve highest prices ever paid at auction
At the RM Auction held at Monaco's Grimaldi Forum last weekend, a rare 1957 Ferrari 625 Spider Testa Rossa (one of only two in existence) went under the hammer for an incredible €5,040,000, the most ever paid for this particular model. The sale was the crowning moment of a hugely exciting and enormously profitable occasion. Timed to coincide with the Grand Prix de Monaco Historique, the two-day event will go down in the history books as one of the most successful European car auctions of all time, with more than 90 classic automobiles, 100 Ducati motorcycles and three boats generating a total of €33.5m ($43.4m) in sales. As well as the Testa Rossa, a further ten cars fetched at least €1 million each,  with four lots surpassing €2 million. 'It has been a fantastic success', said Max Girardo, Managing Director of RM Europe. 'Once again, RM has proved itself to be the pre-eminent force in the collector car auction scene.' During a day of telephone-number-size bids, it was Ferrari that stood out, with a 1952 225 Sport Spyder 'Tuboscocca'- one of only 12 Vignale Spyders ever produced - and a 1966 Ferrari 206 S Dino Spyder each fetching €2,520,000. Other items from the stable of the 'Cavallino Rampante' attracted similar high prices: the gavel came down a 1971 Ferrari 365 GTS/4 Daytona Spyder (one of only 18 left-hand-drive examples) at the €1,008,000 mark, while the Ferrari F1-2000 racing car driven by Michael Schumacher on his way to the 2000 Driver's Championship fetched €806,400. And the prancing horse became a Pegasus with the much-anticipated sale of a 1953 Timossi-Ferrari 'Arno XI' Racing Hydroplane for €868,000. Even without the dominance of Ferrari, there were still records to be broken: world record auction prices were achieved for a Peugeot and an Alfa type-33 - but this weekend there was no doubt that Monaco belonged to the marque from Modena.RM Monaco Auction - Lots exceeding €1 million: Lot 345 - 1957 Ferrari 625 TRC Scaglietti Spider - €5,040,000 (world record for a 625 TRC at auction) Lot 362 – 1952 Ferrari 225 Sport Spyder 'Tuboscocca'- €2,520,000 (world record for a 225 S at auction) Lot 357 – 1996 Ferrari 206 S Dino Spyder- €2,520,000 Lot 353 – 1936 Mercedes-Benz 540 K Sport Cabriolet A- €2,324,000 Lot 382 – 2007 Peugeot 908 V-12 HDi FAP Le Mans Racing Car- €1,680,000 (world record for a Peugeot at auction) Lot 385 – 2006 Ferrari FXX Evoluzione- €1,338,400 Lot 373 – 1969 Alfa Romeo Tipo 33/3 Sports Racer- €1,232,000 (world record for an Alfa Tipo 33 at auction) Lot 367 – 1948 Ferrari 166 Inter Spyder Corsa- €1,010,000 Lot 321 – 1971 Ferrari 365 GTS/4 Daytona Spyder- €1,008,000 Lot 333 – 1968 Alfa Romeo Tipo 33/2 'Daytona'- €1,008,000 --- A special aspect of this year's auction was RM's first full-day motorcycle sale featuring the Ducati brand, and at its heart the world-famous Carlo Saltarelli Collection. The 96 lots represented provided an unbroken history of the famous motorcycle, with two lots in particular - the GP10 raced by world champion Casey Stoner and the GP11 bike raced by Valentino Rossi -  fetching just over and just under €250,000 respectively. Ducati representative Diego Sgorbati was delighted: 'We are very happy for the two new owners of these precious, high-tech racing motorcycles. It was great experience to see that the bikes generated so much attention'. And there was attention in plenty, extending over 33 countries and attracting bidders from as far away as the UAE, China and Brazil. According to Max Girado, 'Any motorcycle sale that achieves in excess of one million euros and which also sees significant records tumble, can only be judged as a fantastic success.' RM's next European auction, the Aalholm Automobile Collection featuring 175 vehicles offered 'without reserve', will be held on 12 August in Southern Denmark, followed by RM's highly anticipated UK sale at Battersea Evolution in central London on 31 October.
Read more...]]> http://www.cityoutmonaco.com/monaco-style/articles/record-sales-rm-auction-monaco Thu, 17 May 2012 01:22:23 +0200 http://www.cityoutmonaco.com/monaco-style/articles/record-sales-rm-auction-monaco info@cityoutmonaco.com (Cityout Monaco) The highlight of Monaco's sporting season takes place at the end of May. See you on the grid.
What: 70th Monaco Grand Prix 2012Where: MonacoWhen:Thursday 24 May to Sunday 27 May 2012 Tickets and contacts: +377 93 15 26 24 (see Ticketing below for pricing details)The Monaco Grand Prix is one of the oldest and most prestigious car races in the world, and the only one to have been held on the same circuit since it began in 1929 under the auspices of the Automobile Club de Monaco, who still preside over the organization of the race today. You can read more of the fascinating early history of the race here. Of all Formula One events, the Monaco Grand Prix is acknowledged to provide the greatest thrills, not least because its course takes it literally around the town on roads normally bustling with tourist traffic. Compared with those races run on dedicated racetracks, there’s a slight compromise in speed and overtaking, since the circuit is so perilously narrow – but the proximity of real life to the supercharged world of F1 is simply too inviting. For newcomers and veteran spectators alike, watching Monaco can be the closest thing to actually participating as a driver. This year, Monaco forms the sixth leg of the year-long Formula 1 season, two weeks after the Spanish Grand Prix at Montmelo and a fortnight before the Canadian Grand Prix in Montreal. And already the season is shaping up to be one of the most fascinating and unpredictable in years. From a technical point of view, changes in the rules and regulations have led to further controversial developments in the shape and design of the cars; and from a sporting perspective, there have already been a number of upsets in the rank order. The programme below also contains side events such as the GP2 series, which acts not only as a curtain raiser to the main event but also showcases emerging talent, with many of its drivers using the series as a stepping stone to full scale Formula 1 after a year or two. For visitors to Monaco this year, there has been the added attraction of the biennial Grand Prix Historique. Please click below to find out more about ticket availability:Ticketing Programme Thu 24 May 7.00am: Race track closed 8.30am to 9.15am: Formula Renault 3.5 Series practice session 10.00am to 11.30am: Formula 1 First practice session 12noon to 12.30pm: GP2 practice session 2.00pm to 3.30pm: Formula 1 Second practice session 4.00pm to 4.30pm: GP2 Qualifying sessions 4.55pm to 5.25pm: Porsche Supercup practice session 7.00pm: Race track reopens Fri 25 May 7.00am: Race track closed 9.45am to 10.15am: Porsche Supercup Qualifying sessions 10.50am to 11.55am: GP2 First Race 2.00pm: Race track reopens Sat 26 May 6.00am: Race track closed 9.00am to 9.25am: Formula Renault 3.5 Series Stage A - Qualifying sessions 9.30am to 9.55am: Formula Renault 3.5 Series Stage B - Qualifying sessions 11.00am to 12 noon: Formula 1 Third practice session 2.00pm to 3.00pm: Formula 1 Qualifying sessions 4.00pm to 4.50pm: GP2 Second Race 7.00pm: Race track reopens Sun 27 May 7.00am: Race track closed 9.45am to 10.15am: Porsche Supercup 11.10am to 12 noon: Formula Renault 3.5 Series 12.30pm: Formula 1 Drivers' Parade 2.00pm: 70th GRAND PRIX AUTOMOBILE DE MONACO 7.00pm: Race track reopens
Read more...]]> http://www.cityoutmonaco.com/monaco-sport/articles/monaco-grand-prix-2012 Wed, 16 May 2012 23:24:18 +0200 http://www.cityoutmonaco.com/monaco-sport/articles/monaco-grand-prix-2012 info@cityoutmonaco.com (Cityout Monaco) We preview the films competing for this year's Palme d'Or
What: Cannes Film Festival 2012 Where: Palais des Festivals When: 16-27 May 2012 After the Oscars, Cannes is probably the world's best-known film awards festival and ceremony. Like its Hollywood equivalent, it's a glittering, star-studded event held each year for film industry professionals - actors, directors and producers - who flock from all over the world to meet on the Promenade de la Croisette, accompanied of course by hordes of adoring fans and paparazzi. Once off the red carpet, though, this is distinctly not Hollywood. Only one juror is American this year (Alexander Payne, director of 'About Schmidt'); and as usual, the selection of films is much more international than that made by the Academy of Motion Pictures. Movies from Romania, Russia, Mexico and Germany appear in this year's list; and although there's a sprinkling of well-known names among the directors (Cronenberg, Anderson, Loach), there are also a huge number that we bet you've never heard of. The pictures that interest everyone, of course, are those entered for the top prize, the coveted Palme d'Or, and they are screened only for the accredited few. But the eleven-day filmfest also includes a large number of films 'out of competition', screenings of which are open to the general public at the Cinéma de la Plage (Cinema on the Beach), along with showings of 'Cannes Classics'. This year, the Beach Cinema is celebrating Fifty Years of James Bond, with special showings of Dr No (1962), From Russia with Love (1963), On Her Majesty's Secret Service (1969) and the remake of Casino Royale (2006) among others. ---Films in Competition (Official selection)Amour (Love) directed by Michael Haneke Georges and Anne are retired music teachers in their eighties whose daughter, also a musician, lives abroad with her family. The relationship between all three characters - played by Isabelle Huppert, Emmanuelle Riva and Jean-Louis Trintignant - is put to the test when Anne suffers a stroke. Baad El Mawkeaa (After the Battle) directed by Yousry Nasrallah  A Romeo and Juliet for our times. Set during the recent Arab Spring, a young girl - who also happens to be a political activist  - falls in love with a soldier in Tahrir Square. But her affections must compete with the influence he comes under from supporters of President Moubarak.     Cosmopolis directed by David Cronenberg Eric Packer, played by Twilight's Robert Pattinson, is a Wall Street 'master of the universe' whose moneyed dreams are matched only by an increasing paranoia as he watches his world disintegrate from the comfort of his chauffeur-driven limousine. Da-Reun Na-Ra-e-Suh (In Another Country) directed by Hong Sangsoo  The South Korean director, whose earlier film Hahaha won the Prix Un Certain Regard at the 2010 Film Festival, returns with this tale of three women named Anne - all played by Isabelle Huppert - who consecutively visit a seaside town. The film records their stays at the same small hotel and their encounters with an identical group of people, including a certain lifeguard who restlessly wanders up and down the beach.De Rouille et d'Os (Rust and Bone) directed by Jacques Audiard Based on Craig Davidson's short story collection of the same name, Rust and Bone tells the story of an unemployed 25-year-old who falls in love with a killer whale trainer, played by Marion Cotillard, who loses both legs in a horrific accident. Do-Nui Mat (The Taste of Money) directed by Im Sang-Soo Joo Young-jak is the private male secretary of Baek Geum-ok, a middle-aged married heiress. Baek's infatuation with Joo is complicated when her daughter Na-mi - a very different character than her materialistic parents - arrives on the scene.Dupã Dealuri (Beyond the Hills) directed by Cristian Mungiu    His earlier film - about a woman who assists her friend to arrange an illegal abortion in the Romania of the 1980s - won Mungiu the Palme d'Or in 2007. It remains to be seen whether Beyond the Hills, about the relationship of two young women who grow up in the same orphanage, can repeat that success.Holy Motors directed by Leos Carax Denis Lavant plays a man (DL) living multiple lives - sometimes he is a man, sometimes a woman, sometimes young, sometimes at the point of death, sometimes poor and sometimes as rich as Croesus. But what his true identity is, who knows? Eva Mendes and Kylie Minogue also star in Carax's offbeat fantasy.Jagten (The Hunt) directed by Thomas Vinterberg  What happens when a casual comment spreads in a community to the stage of collective hysteria? Danish actor Mads Mikkelsen plays 40-year-old divorcee Lucas, accused of a crime he did not commit, and struggling to win back his life and dignity. Killing Them Softly directed by Andrew Dominik Based on the bestselling gangland novel by George V Higgins, Dominik's film tracks Jackie Cogan's (Brad Pitt's) life as a 'point man', hired to scout the area for cops in advance of a 'hit'. He's highly successful at his game, but things go wrong when his Mafia bosses become the victims of a heist.Lawless directed by John Hillcoat Another dose of gangland violence, but this time set in the Depression, about a gang of bootleggers operating in Franklin County, Virginia. This all-star movie is based on the true story of the Bondurant brothers, who took the law into their own hands and created a whole new genre of crime.Like Someone in Love  directed by Abbas Kiarostami is Iranian director Kiarostami's fifth movie at Cannes. It tells the story of a young Japanese woman, Rin Takanashi, who finances her studies through prostitution and falls into a relationship with an elderly academic who also happens to be one of her clients.Moonrise Kingdom directed by Wes Anderson Set in the nineteen-sixties, the film follows a pair of twelve-year-old lovers (Kara Hayward and Jared Gilman), whose elopement from their small New England town prompts a frantic search led by Sheriff Bruce Willis and parents Bill Murray and Frances McDormand.Mud directed by Jeff Nichols  Another coming-of-age drama sees two 14-year-boys stumbling across an adult outlaw named Mud, and helping him as he goes on the run in Mississippi. A cross between Huckleberry Finn and Stand by Me, the movie, from 33-year old director Nichols, has been gathering a good deal of attention.On the Road directed by Walter Salles    Jack Kerouac's 1957 novel is for many readers the definition of the Beat generation, and the archetype of all 'road trips' ever since. Following the death of his father, struggling young writer Sal Paradise (based on Kerouac himself) embarks upon a journey across America with his friend and hero, Dean Moriarty, a traveller and mystic, and the living epitome of beat.Paradies: Liebe (Paradise: Love) directed by Ulrich Seidl On Kenya’s beaches they are known as 'sugar mamas': European women paying for love with African boys. This film, the first in a trilogy (Love, Belief and Hope), follows the story of 50-year-old Teresa from Austria, who travels to this vacation paradise in the hope of finding exactly that. Post Tenebras Lux  directed by Carlos Reygadas    Reygadas's latest outing is a semi-autobiographical story centering on the lives of Juan and his urban family now living in the Mexican countryside. A highly photographic film, not many clues have yet been given as to the plot, leading some to believe it could be a grand visual narrative in the style of 'The Tree of Life'.Reality directed by Matteo Garrone The only Italian entry in this year's competition, Reality centres on a Neapolitan fish merchant who becomes so obsessed with Grande Fratello (the Italian version of Big Brother) that he starts to act as though his life is being recorded at every turn. The Angels' Share directed by Ken Loach Loach won the Palme d'Or in 2006 for 'The Wind that shakes the Barley'. For his latest film he's returned to the Glasgow setting of his earlier film 'Sweet Sixteen', though with a bittersweet comedy rather than that movie's hard social realism. Robbie, an ex-offender and new father, embarks on an adventure with his new found friends to a whisky distillery and discovers that turning to drink might just change his life.The Paperboy directed by Lee Daniels A truly spine-tingling story based on the 1995 novel by Pete Dexter, and scripted at least in part by Pedro Almodovar. Nicole Kidman plays Charlotte Bless, determined to save Hillary van Wetter (John Cusask) from Death Row, where he has been languishing after taking out revenge on an unscrupulous sheriff. V Tumane (In the Fog) directed by Sergei Loznitsa  A Russian-language period drama set on the German-occuoied Western front of the Soviet Union. Sushenya is wrongly accused of collaborating with the Nazis. The largely-unknown cast includes Vlad Ivanov, who also appeared in Cristian Mungiu’s Palme d'Or winner  '4 Months, 3 Weeks, 2 Days'Vous n'avez encore rien vu (You ain't seen nothin' yet!) directed by Alain Resnais    Loosely based on the play 'Eurydice' by Jean Anouilh, the story revolves around a group of actors who have gathered in the house of a dead playwright for the reading of his will. --- For much more on the Festival itself, visit the official website. 
Read more...]]> http://www.cityoutmonaco.com/monaco-events/articles/cannes-film-festival-2012 Wed, 16 May 2012 23:21:19 +0200 http://www.cityoutmonaco.com/monaco-events/articles/cannes-film-festival-2012 info@cityoutmonaco.com (Cityout Monaco) from Churchill Capital - 16 May 2012
This page is sponsored by Churchill Capital US DJIA -63.35 (-0.50%), S&P 500 -7.69 (-0.57%), NASDAQ -8.82(-0.30%) U.S. stocks fell, as uncertainty in Greece overshadowed better than expected U.S. home building and manufacturing numbers.  The National Association of Home Builders index rose to 29 vs. 26 expected, and the New York Manufacturing index rose to 17.1 vs. 9.5 expected.  Crude fell 1.8% to $93.08/bbl, the lowest level in a year, gold settled down $3.90 at $1,557.10 and the Euro weakened 60bps vs. the Dollar to close at $1.2769, a four-month low.       All ten S&P sectors finished lower on the day with Materials (-2.10%) and Energy (-1.41%) performing the worst, while Consumer Discretionary (-0.26%) and Consumer Staples (-0.06%) held up the best. Asia ASX -2.25%, NKY -1.31%, HSI -2.66% Asian indices continued their decline today on ongoing concern over Greece’s ability to form government and a poor Japanese Machine Order read for March (-1.1% Y vs. 4.4% YoY expectations).  All commodities eased with spot gold -$7.81 (-0.51%) at $1536.4/oz, July Copper -1.11% at $347.85/lb and June WTI -1.36% at $92.7/bbl.  AUDUSD continued its slide below parity in another risk off session, last $0.9911 (-0.27%). All sectors closed in the red...risk based sectors were pressured substantially with Materials -4% and Energy -3.25%.Europe Stock News XTA LN - Xstrata Sees Mine Investment Tripling in Latin America, Africa VOW GY - VW Sees U.S. Auto Sales Pace in May Topping April’s 14.4 Million EOAN GY - EON Board Said to Decide on Macquarie Bid for Gas Grid Today ALV GY - Allianz Likely to Cut Bank Shareholdings, Boersen-Zeitung Says EN FP - Bouygues Profit Misses Estimates as Weather Hurts Road Works LG FP - Lafarge May Aim for Dividend Payout of About 40% in Future: CFO SAP GY - SAP Considers External Candidates in Search for Personnel Chief LHA GY - Lufthansa Interested in Buying Portugal’s TAP: FT REP SM - Repsol Sues Argentina Over Initial Public Offering of Company SAN SM - Santander’s U.K. Unit Stresses Independence From Parent: FT BMPS IM - Monte Paschi First-Quarter Profit Falls 61% on Higher Writedowns EAD FP - EADS Has First-Quarter Profit, Raises Earnings Guidance for 2012 CFR VX - Richemont FY Sales, Net Beat Ests., Plans Share BuybackEconomic Figures Time Event Survey Prior 10:30 UK Claimant Count Rate 5.00% 4.90% 10:30 UK Jobless Claims Change 5.0K 3.6K 10:30 UK Average Weekly Earnings 3M/YoY 1.00% 1.10% 10:30 UK Weekly Earnings exBonus 3M/YoY 1.40% 1.60% 10:30 UK ILO Unemployment Rate (3mths) 8.40% 8.30% 11:00 EC Euro-Zone CPI - Core (YoY) 1.50% 1.60% 11:00 EC Euro-Zone CPI (MoM) 0.50% 1.30% 11:00 EC Euro-Zone CPI (YoY) 2.60% -- 11:00 EC Euro-Zone Trade Balance sa 3.8B 3.7B 11:00 EC Euro-Zone Trade Balance 4.0B 2.8B 14:30 US Housing Starts 685K 654K 14:30 US Housing Starts MOM% 4.70% -5.80% 14:30 US Building Permits 730K 747K 14:30 US Building Permits MOM% -4.50% 4.50% 15:15 US Industrial Production 0.60% 0.00% 15:15 US Capacity Utilization 79.00% 78.60% Company Figures Ticker Time Estimate Event Description EAD FP 07:00 0.287 Q1 2012 Earnings Release SBMO NA 07:30 Q1 2012 Sales and Revenue Release POST AV 07:30 0.585 Q1 2012 Earnings Release CFR VX 07:32 2.399 Y 2012 Earnings Release GCC ID 08:00 0.277 Y 2012 Earnings Release EMGS NO 08:00 0.036 Q1 2012 Earnings Release LAND LN 08:00 0.38 Y 2012 Earnings Release VOLVB SS 08:30 April 2012 Sales and Revenue Rel BPTY LN 10:30 Q1 2012 Sales and Revenue Call - BOCY CY 0.03 Q1 2012 Earnings Release SR NA Q1 2012 Earnings Release MAERSKB DC 1603.79 Q1 2012 Earnings Release SSE LN 1.125 Y 2012 Earnings Release IAP LN 0.376 Y 2012 Earnings Release NWR LN 0.02 Q1 2012 Earnings Release BPTY LN Q1 2012 Earnings Release CPG LN 0.225 S1 2012 Earnings Release ANW US Aft-mkt 0.118 Q1 2012 Earnings Release BPTY LN Q1 2012 Sales and Revenue Rel TLW LN Q1 2012 Sales and Revenue Rel - IMS
Read more...]]> http://www.cityoutmonaco.com/monaco-financial/articles/churchill-capital-daily-trader-20120516 Wed, 16 May 2012 11:53:31 +0200 http://www.cityoutmonaco.com/monaco-financial/articles/churchill-capital-daily-trader-20120516 info@cityoutmonaco.com (Cityout Monaco) Superyachts galore gather in Monaco for Boat International's spectacular event
What: The Rendezvous in Monaco Where: Port Hercule When: 21-24 June 2012 In the third week of June, yacht owners and charterers are preparing to take part in a unique four-day event presented by Boat International in association with SYBAss, the Superyacht Builders Association. A full progamme of events at sea and on shore includes fashion shows, chef and cocktail competitions, and a range of entertainment and hospitality on board the host yacht. The elite gathering kicks off with a welcome cocktail & Yacht Hop on Thursday 21 June at the Quai des Étas-Unis, with live music along the quayside and first-class cuisine prepared by Relais & Châteaux chefs from the region. The following day, the Rendezvous yachts cruise in company to Saint-Jean-Cap-Ferrat, dropping anchor at the Paloma Beach restaurant to enjoy a day of fun and watersports at the beach, with its with stunning views over Beaulieu and Cap d’Ail. Back on shore, the beautiful Monte Carlo Opera is the Friday evening setting for the centrepiece of the programme. The third annual ShowBoats Design Awards will honour the industry’s leading creative talents at a gala evening, with prizes awarded for the best examples of naval architecture and interior design, as well as Technology, Environmental Protection, and Best Newcomer. On Saturday 23 June, the yachts leave port on an evening cruise to Cap d’Antibes for the legendary Diamonds & White Party, where fine food and dancing takes place into the early hours before the yachts return to Monaco by starlight. The yachts participating in this year's event are Heesen’s 61m Quinta Essentia, Hakvoort’s 39m SnowbirD, and Trinity’s 50m Norwegian Queen, along with other prestigious names including Lady Lara, Gran Finale Ingot, Shooting Star, Harbour Island and Night Flower. Programme Thursday 21 June Owner’s Lunch The owners of the participating yachts are invited to attend a private luncheon at the Yacht Club de Monaco, hosted by Bernard d’Alessandri, Secretary General.Champagne Welcome Cocktail The Rendezvous in Monaco welcomes guests to the Principality with a Champagne Welcome Cocktail at the Quai des Etats-Unis of the Port Hercule. Rendezvous Yacht Hop The evening continues all along the Quai des Etats-Unis as guests enjoy champagne, fine food and live music while strolling from one fabulous yacht in the line up to the other. Yachts participating in the Yacht Hop welcome neighbouring owners and other Rendezvous guests on board for drinks, canapés and hospitality in the true yachting tradition. Cooking with Celebrity Chefs Superyacht owners will have the unique opportunity to play Sous-Chef to celebrity chefs from the Relais & Châteaux Group, who will prepare some of their signature dishes onboard yachts in the Rendezvous line up. Rendezvous guests will then have the chance to sample their delicious cuisine during the Yacht Hop. Rendezvous Cocktail Competition The mixology skills of bartending crewskills will be put to the test at the second annual Rendezvous Cocktail Competition. Entrants will be required to create a cocktail and discuss with the judges the inspiration behind their creation. An expert panel will judge the contenders on their mixing skills, confidence, presentation and of course, the taste of the final result. Owners are encouraged to nominate their bartenders for the competition and guests participating in the Yacht Hop will have the opportunity to sample their delicious cocktail creations. Friday 22 June Cruise in Company The participating yachts leave the Port to cruise, taking in some of the most picturesque views of the Mediterranean to Saint Jean Cap Ferrat. Beach Luncheon at Paloma Beach Guests will tender to the Paloma Beach for a private luncheon of fresh Mediterranean produce on an exclusive private beach. Water sports and activities will be on offer throughout the afternoon. ShowBoats Design Awards 2012 Guests of The Rendezvous and the industry’s leading creative talents will join us in celebrating excellence in yacht design at a prize giving, to be held at the Monaco Opera House. Individual tickets and full tables at the prize giving are now available to purchase online. Please go to www.showboatsdesignawards.com for further information and ticket bookings. Dress code: CocktailSaturday 23 June Rendezvous Chefs’ Competition Chefs cooking on board superyachts have made cooking in the confines of the space available high art, and we honour their talents with the second annual Rendezvous Chefs’ Competition. Each participating chef will be given the same produce and a set time to create a dish to be judged by Michelin star chefs. Owners are encouraged to nominate their chefs for the competition. Fun on the Water Owners are encouraged to take to the water and make the most of their yachts and toys during a fun filled afternoon around the Port of Monaco.  For those keen to indulge in some friendly competition, the Yacht Club de Monaco have organised a 007-style water-borne game of poker finishing at the Host Yacht, where guests will enjoy celebratory drinks and canapés. Evening Cruise in Company As the sun falls over Port Hercule, participating yachts will leave the port to cruise under twilight to the picturesque Cap d’Antibes Beach Hotel.  Diamonds & White Party Guests are invited to wear white for the annual Diamonds & White Party at Cap d’Antibes Beach Hotel, the final destination of the Twilight Cruise. Rendezvous guests will tender to shore to enjoy  delicious food courtesy of the Michelin-starred restaurant, live music and dancing on the beach into the early hours. Sunday 24 June Farewell Brunch & Prize Giving The Rendezvous in Monaco invites all guests to the Yacht Club de Monaco for a farewell brunch. Whilst guests enjoy a relaxed Sunday brunch buffet, the winners of the various competitions held during the event will be recognized in an informal prize giving.
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This page is sponsored by Churchill CapitalUS Americas Trading Summary DJIA -34.44 (-0.27%), S&P 500 -4.60 (-0.34%), NASDAQ +0.18 (+0.01%) U.S. stocks fell, as JP Morgan disclosed a two billion dollar trading loss and commodities dropped for an eighth consecutive day.  Gold hit a four month low of $1,584 an ounce, oil fell 1.33% to $95.79/bbl and copper lost 1.2% to $3.648 a pound as growth in China slows.         Telecom (+1.21%) was the only sector to finish higher day; Financials (-1.13%) and Energy (-0.71%) were the worst performers.Europe Stock News ISYS LN - Invensys Is Targeted by Potential Bidders: Sunday Times VK FP - France’s Vallourec May Become Takeover Target, Investir Reports IFX GY - Infineon CEO Bauer to Resign as CEO Sept. 30 on Health Grounds SAN SM - Santander to Set Aside EU2.7 Billion for New Property Cleanup BES PL - Banco Espirito Santo Concludes Purchase of 50% of BES Vida Unit CNA LN - Centrica Shareholders Revolt on Executive Pay, Telegraph Reports INGA NA - EU Regulators Will Re-Examine ING’s Rescue by Dutch State KPN NA - KPN Investor Capital Wants Sale of E-Plus, Dagblad Reports BKIA SM - Bankia Sees EU4.7 Bln Provisioning Impact From Cleanup Decree UCG IM - UniCredit’s Vita Wants to Create a More European Bank BMW GY - BMW May Propose Higher Div. in Coming Years: FAS HSBA LN - HSBC Agrees to Sell Colombia, Peru, Uruguay, Paraguay UnitsEconomic Figures Time Event Survey Prior 08:00 GE Wholesale Price Index (MoM) -- 0.90% 08:00 GE Wholesale price Index (YoY) -- 2.20% 08:45 FR Current Account (EURO) -- -5.0B 10:00 IT CPI (NIC incl. tobacco) (MoM) 0.50% 0.50% 10:00 IT CPI (NIC incl. tobacco) (YoY) 3.30% 3.30% 10:00 IT CPI - EU Harmonized (MoM) 0.90% 0.90% 10:00 IT CPI - EU Harmonized (YoY) 3.80% 3.80% 10:30 IT General Government Debt -- 1928.2B 11:00 EC Euro-Zone Ind. Prod. wda (YoY) -1.40% -1.80% 11:00 EC Euro-Zone Ind. Prod. sa (MoM) 0.40% 0.50% Company Figures Ticker Time Estimate Event Description SONG NO Bef-mkt 0.036 Q1 2012 Earnings Release CLS1 GR 07:00 0.205 Q1 2012 Earnings Release NDA GR 07:00 1.443 Q2 2012 Earnings Release AGS BB 07:30 -0.087 Q1 2012 Earnings Release TPK LN 08:00 Q1 12 Sales and Revenue Rel NEON US Bef-mkt -0.03 Q1 2012 Earnings Release SOH SP Aft-mkt 0.25 Q1 2012 Earnings Release PRS SM Aft-mkt 0.04 Q1 2012 Earnings Release VIV FP Aft-mkt 0.59 Q1 2012 Earnings Release TFI FP 0.16 Q1 2012 Earnings Release PMI IM 0.01 Q1 2012 Earnings Release SFER IM 0.065 Q1 2012 Earnings Release IPG IM Q1 2012 Earnings Release NOEJ GR 00:59 0.49 Q1 2012 Earnings Release BNG IM Q1 2012 Earnings Release BPTY LN Q1 2012 Earnings Release LMI LN 0.087 S1 2012 Earnings Release TPK LN Q1 12 Sales and Revenue Call
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This page is sponsored by Churchill CapitalUS DJIA -125.25 (-0.98%), S&P 500 -15.11 (-1.12%), NASDAQ -31.24(-1.06%) U.S. stocks fell, as concern continues to grow that Greece may be forced to exit the European currency.  The Euro weakened 55bps vs. the Dollar to settle at its lowest level in 3-months of $1.2846.  Commodities continued their skid touching the cheapest levels of the year; gold fell 1.5% to settle at $1,561 an ounce, oil declined 1.4% to $94.78/bbl and Copper dropped 3.6% to finish at $351.65 a pound.    All ten S&P sectors finished lower on the day with Financials (-2.02%) and Energy (-1.54%) performing the worst, while Health Care (-0.42%) and Utilities (-0.38%) held up the best.  Asia ASX -0.74%, NKY -1.17%, HSI +0.12% Risk off theme again today stoked by further Euro based political and growth concern, coupled with evidence of slowing Chinese growth - foreign direct investment fell for a sixth month again in April.  Separately, PIMCO today forecast Chinese growth in the “mid-7 per cent range”, targeting a bottom for the economy closer to Q3.  In other macro releases, the Reserve Bank of Australia released its minutes of meeting for May, highlighting below average growth and weaker consumer confidence for its most recent 50bps interest rate cut.  The AUDUSD continued to sell off in response, last $0.9977. With risk off, defensive sectors outperformed; Financials, Telecommunications and Consumer Staples were the best.  Commodities continued to ease, July Copper -0.59% @ $353.30/lb and June WTI -0.49%, $94.32/bbl.Europe Stock News VIV FP - Vivendi 1Q Net Income, Rev. Beat Ests., Confirms FY Forecast NOK1V FH - Nokia Remains In Talks With Permira Over Sale of Vertu: WSJ Link RENE PL - REN-Redes Energeticas 1Q Net, Ebitda Rise Y/y, Beat Est. TFI FP - TF1 1Q Net Misses Ests., Confirms FY Forecast Stable Cons. Rev. F IM/FP IM/FR IM - Fiat to Convert Priv, Savings Shrs in Coming Days ICAD FP - Icade 1Q Rev EU343.5m vs EU354.6m Y/y SFER IM - Ferragamo Sees 2012 Growth as Quarterly Earnings Beat Estimates DPW GY - Deutsche Post Buys Stake in Online Grocery, Handelsblatt Says SN/ LN - S&N CEO Says Medical Device Companies Cause Own Profit Drop: FT CO FP - Casino to Become Sole Controlling Shareholder of Pao de Acucar TKA GY - ThyssenKrupp 2Q Sales, Ebit Beat; to Sell Waupaca to KPS Capital ALV GY - *ALLIANZ 1Q NET INCOME RISES 57.9 PERCENT TO 1.4 BILLION EUROSEconomic Figures Time Event Survey Prior 08:00 GE GDP nsa (YoY) 0.90% 1.50% 08:00 GE GDP s.a. (QOQ) 0.10% -0.20% 08:00 GE GDP wda (YoY) 0.80% 2.00% 08:45 FR Non-Farm Payrolls (QoQ) -0.20% -0.10% 08:45 FR Wages (QoQ) 0.70% 0.30% 10:00 IT GDP sa and wda (QoQ) -0.70% -0.70% 10:00 IT GDP sa and wda (YoY) -1.20% -0.40% 10:30 UK Visible Trade Balance GBP/Mn -£8,400 -£8,772 10:30 UK Trade Balance Non EU GBP/Mn -£4,700 -£5,017 10:30 UK Total Trade Balance (GBP/Mln) -£2,900 -£3,396 11:00 EC Euro-Zone GDP s.a. (QoQ) -0.20% -0.30% 11:00 EC Euro-Zone GDP s.a. (YoY) -0.20% 0.70% 11:00 GE Zew Survey (Current Situation) 39 40.7 11:00 EC ZEW Survey (Econ. Sentiment) -- 13.1 11:00 GE ZEW Survey (Econ. Sentiment) 19 23.4 14:30 US Consumer Price Index (MoM) 0.00% 0.30% 14:30 US CPI Ex Food & Energy (MoM) 0.20% 0.20% 14:30 US Consumer Price Index (YoY) 2.30% 2.70% 14:30 US CPI Ex Food & Energy (YoY) 2.30% 2.30% 14:30 US Consumer Price Index NSA 229.904 229.392 14:30 US CPI Core Index SA -- 228.432 14:30 US Empire Manufacturing 9 6.56 14:30 US Advance Retail Sales 0.10% 0.80% 14:30 US Retail Sales Less Autos 0.20% 0.80% 14:30 US Retail Sales Ex Auto & Gas 0.30% 0.70% 14:30 US Retail Sales "Control Group" 0.30% 0.40% 15:00 US Total Net TIC Flows -- $107.7B 15:00 US Net Long-term TIC Flows $32.5B $10.1B 16:00 US Business Inventories 0.40% 0.60% 16:00 US NAHB Housing Market Index 26 25 Company Figures Comp/Tckr Time Estimate Event Description ALV GR 07:00 2.961 Q1 2012 Earnings Release VIP US 07:00 0.23 Q1 2012 Earnings Release MRK GR 07:00 1.746 Q1 2012 Earnings Release SR NA 07:30 Q1 2012 Sales and Revenue Release - SZG GR 07:30 -0.25 Q1 2012 Earnings Release SRS IM 07:30 0.016 Q1 2012 Earnings Release TKA GR 07:30 -0.063 Q2 2012 Earnings Release SKYD GR 08:00 -0.059 Q1 2012 Earnings Release FLS DC 08:00 6.238 Q1 2012 Earnings Release GFS LN 08:00 Q1 2012 Sales and Revenue Release - WDI GR 08:00 0.163 Q1 2012 Earnings Release DRX LN 08:00 Interim 2012 Sales and Revenue Release - LEO GR 08:00 1.487 Q1 2012 Earnings Release ADP FP 09:00 Q1 2012 Sales and Revenue Call GFS LN 09:00 Q1 2012 Sales and Revenue Call - IMS SZU GR 10:00 1.877 Y 2012 Earnings Release SR NA 10:45 Q1 2012 Sales and Revenue Call - Trading Update CPR IM 11:00 Q1 2012 Earnings Release ADP FP Bef-mkt Q1 2012 Sales and Revenue Release BES PL 17:30 0.012 Q1 2012 Earnings Release EN FP 17:45 0.195 Q1 2012 Earnings Release CVAL IM 0.06 Q1 2012 Earnings Release BP IM 0.08 Q1 2012 Earnings Release BMPS IM 0.015 Q1 2012 Earnings Release PMI IM 0.01 Q1 2012 Earnings Release ISP IM 0.044 Q1 2012 Earnings Release TRN IM 0.053 Q1 2012 Earnings Release BAB LN 0.62 Y 2012 Earnings Release ETI LN 0.102 S1 2012 Earnings Release AFR LN Q1 2012 Earnings Release EVR LN Q1 2012 Earnings Release VELT US Aft-mkt -0.016 Q1 2012 Earnings Release SMIN LN Q1 2012 Sales and Revenue Release - HMB SS April 2012 Sales and Revenue Release BAER VX Q1 2012 Sales and Revenue Release -
Read more...]]> http://www.cityoutmonaco.com/monaco-financial/articles/churchill-capital-daily-trader-20120515 Tue, 15 May 2012 09:25:07 +0200 http://www.cityoutmonaco.com/monaco-financial/articles/churchill-capital-daily-trader-20120515 info@cityoutmonaco.com (Cityout Monaco) A stunning collection of artworks inspired by the Grand Prix de Monaco is on show until race day
What: Grand Prix - Oeuvres Where: Galerie L’Entrepôt, 22 rue de Millo When: now until 27 May 2012: Monday to Friday, and Sun 27th For this latest exhibition at the principality's foremost modern art gallery, l'Entrepôt, Monaco artists Alain Giampaoli, Belinda Bussotti, Stephane Willard, and Mr One Teas are joined by Dusseldorf-born Lothar Guderian and Andrea Clanetti Santarossa from Venice. Their artworks conjure up all the nostalgia of the Grand Prix of the past: the iconic races, drivers and cars which have contributed to the extraordinary heritage of the world's best-known motor race. The artists' works include artistic treatments of original Grand Prix posters, graphic designs and photographs, and are on display - alongside race day programmes and other memorabilia - until the day of the Grand Prix itself. Andrea Clanetti Santarossa: Bien Passé
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What: 8th Grand Prix Historique / Historic Grand Prix Where: Grand Prix circuit, Monaco When: 11-13 May 2012 Web: http://www.acm.mc Entry: €20 (Saturday), €35 (Sunday), €45 (weekend) Admission is free for under-15s on all days, and for all for the Friday afternoon practice session on the Friday.Book tickets for this event now by clicking on the web link above Every two years, a fortnight before the main Grand Prix, the Automobile Club of Monaco hosts a race that in some ways is even more thrilling: the Grand Prix Historique. A celebration of grace and style over speed and power (though they were powerful enough in their day), the race is a chance to witness the greatest collection of classic Grand Prix cars from around the world in action. Everything is identical to the GP proper: the same circuit, the same infrastructure, even the same trackside support teams. Only the age of the cars is different. Participants are placed in seven categories and events: Group A - Grand Prix cars and voiturettes built before 1952 Group B - Grand Prix cars built before 1961 Group C - Sports Cars and Sport Prototypes pre-1953 Group D - Grand Prix cars (rear-engine) built before 1966 Group E - 3-litre GP cars from F1 Grand Prix from 1966 to 1972 Group F - 3-litre GP cars from F1 Grand Prix between 1973 and 1978 Group G - Formula 3, 2000cm3 (before 1985) Drivers from twenty different countries will be taking part. The British have a strong presence (87), followed by the Americans (31), then the French (23), Italians (19), and Germans (10). 14 Monegasque drivers will be defending the colours of the Principality throughout the various races. Seeing - and smelling - these fabulous machines as they roar round the famous Monaco circuit once more is an unforgettable, nostalgic experience. The heady mixture of castor oil and methanol really is the signature of these classics that contributed so much to the magic of the Monaco circuit over the years. Having whittled down 300 applicants to just over 200, the Automobile Club de Monaco has drawn up an exciting list of challengers for the 2012 edition, including former drivers such as Dieter Quester (BMW), Fabien Giroix (DTM) and Arturo Merzario (Ferrari, Williams), as well as celebrity drivers such as Tony Smith, manager of rock group Genesis, and Pink Floyd drummer Nick Mason, each driving racing cars from their own collections. For the sixth consecutive time, official timekeeping for the event will be in the hands of Chopard, the famous Swiss watchmaker and jeweller. They are joined as partners by Credit Suisse, who this year have organized a private Credit Suisse Driver’s Club as a meeting place for competitors and their guests. Programme Wednesday 9 May to Thursday 10 May Paperwork and scrutineering Friday 11 May Afternoon practice sessions (tickets free)Saturday 12 MayPractice sessions (tickets €20)Sunday 13 May 2012 8th Grand Prix Historique de Monaco (tickets €35)Tickets are free for under-15sBook tickets for this event now by clicking on the web link above
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What: 15th Rêveries sur les Jardins (Garden Dreams) When: Friday 4 to Sunday 6 May 2012, 10am-8pm Where: Casino Terraces, Monte Carlo Web: www.gardenclub-monaco.com Enquiries: + 377 93 25 12 83 The exceptional climate and natural geography of Monaco, on its rocky headland between the Mediterranean and the mountains, makes it the perfect venue for nature lovers and gardeners alike. The Monaco Garden Club, a non-profit association, was created in 1968 by Princess Grace. A devotee of the natural world, and of flowers in particular, it was her wish to promote public appreciation of the exceptional work done by gardeners and flower arrangers all over the world. For one weekend each year the terraces behind the Monte Carlo Casino burst into bloom with an exceptional display of flowering plants, as professional gardeners and designers gather to showcase their work.  Dedicated to the art of Mediterranean horticulture, this ephemeral garden, designed by renowned landscape architect Jean Mus, has gained a wide reputation for its beautiful and diverse exhibits. The list is impressive: flowering and aromatic plants, olive and citrus trees, vegetables, tropical orchids, rose bushes, box trees, ferns and bamboos abound; and for the thousands of visitors to this exceptional parade, the wonderful aroma of jasmine and lavender. This year, two additional events take place under the aegis of the festival: the 45th International Flower Arranging Competition and the 1st Monaco International Rose Competition, sponsored by Swiss watchmaker Piaget. Eighteen professional rose-growers from six countries (Germany, France, Italy, Japan, Switzerland, and the USA) will be participating in the latter competition, and the variety that gains most points in any category will be honoured with the prestigious 'Golden Rose of Monaco', a piece of jewellery specially created by the sponsors. Twinned with 'Rêveries sur les Jardins', these internationally-renowned competitions attract many floral artists, and over 2000 individual floral arrangements will be on show. Accessories on display and sale include panama hats, stone fountains, gazebos, candelabra, pottery lamps and bathroom and hammam products. There is also an extensive bookshop.Programmefor the 45th Flower Arranging competitionSaturday 5 May, 5pm - 8pm Sunday 6 May, 10am - 6pm Admission: €5 (under-12s, free)Getting thereThe Terrace Gardens are located behind the world-famous Monte Carlo Casino, facing the sea. Many car parks are available around the Monte Carlo Casino, including the Boulingrins and Saint Laurent car parks.
Read more...]]> http://www.cityoutmonaco.com/monaco-events/articles/reveries-jardins-2012 Fri, 11 May 2012 09:11:54 +0200 http://www.cityoutmonaco.com/monaco-events/articles/reveries-jardins-2012 info@cityoutmonaco.com (Cityout Monaco) One of the highlights of the equestrian year takes place from 28-30 June
What: 17th Monte Carlo International Showjumping Where: Port Hercule When: 28-30 June 2012 Horses and Monaco go hoof in hand: rub the knee of Louis XIV’s silver steed in the Hôtel de Paris, and it’s supposed to bring you luck at the Casino. But if you want to experience true horsemanship, make sure you’re at the Port of Monaco from 28 to 30 June, when for the seventeenth year the principality will be hosting a key stage of the Global Champions Tour. From Doha to Abu Dhabi, by way of Valencia, Hamburg and Shanghai, this is one of the most magnificent of international sporting competitions - and one of the most lucrative. Founded in 2006 by Olympic gold medallist Jan Tops, the GCT brings together the top forty riders in the Rolex rankings to compete in a series of shows that aim to provide the very best in showjumping. In 2010 the leader of the GCT rankings received €300,000, the biggest single prize in any of the three Olympic equestrian disciplines (dressage, eventing and showjumping). During this season, the eventual champion, Marcus Ehning, won over €500,000 in total prize money over the nine shows. Port Hercule, with its superb backdrop of sails and superyachts, provides the most elegant of settings for this leg of the competition and the perfect location for both competitors and spectators. The specially-constructed showjumping arena is set up between the Swimming Pool and La Rascasse immediately below the dramatic Rock of Monaco and the Prince’s Palace.About the show Showjumping is one of the three major equestrian disciplines, in which horses and riders jump over a pre-defined course of 10 to 16 jumps, each up to 6ft 6in (2m) high. Competitors must complete the course while trying to avoid penalties for knocking down rails, refusals to jump or exceeding the time limit. The course is designed with many challenging turns and obstacles to test the mental and physical agility of horse and rider; and of course timing is essential, the great skill being to calculate with precision the exact number of steps taken in the lead-up to a jump. As well as the prestigious Grand Prix du Prince, this year's event will see the award, for the second time, of the must-see Pro-Am Cup, sponsored by Prince Albert's niece, Charlotte Casiraghi. Among the riders to look out for are the 38-year-old Australian Edwina Alexander, who married Jan Tops last September; 37-year-old Marco Kutscher from Saxony, and 31-year-old French rider and World Cup silver medallist Kévin Staut who features in the video below. Expected lineup of riders 1- STAUT, Kevin (FRA) 2-­ LAMAZE, Eric (CAN) 3-­ BENGTSSON, Rolf-Goran (SWE) 4-­ EHNING, Marcus (GER) 5-­ SCHWIZER, Pius (SUI) 6-­ WARD, Mclain (USA) 7-­ TWOMEY, Billy (IRE) 8-­ LYNCH, Denis (IRE) 9-­ ALEXANDER, Edwina (AUS) 10-­ DELESTRE, Simon (FRA) 11-­ KUTSCHER, Marco (GER) 12-­ AHLMANN, Christian (GER) 13-­ GUERDAT, Steve (SUI) 14- MICHAELS-BEERBAUM, Meredith (GER) 15- PESSOA, Rodrigo (BRA) 16-­ MADDEN, Elizabeth (USA) 17-­ LEPREVOST, Penelope (FRA) 18-­ BEERBAUM, Ludger (GER) 19-­ KRAUT, Laura (USA) 20-­ HOUGH, Lauren (USA) 21-­ VLEUTEN, Eric van der (NED) 22-­ SMOLDERS, Harrie (NED) 23-­ HOUTZAGER, Marc (NED) 24-­ DEUSSER, Daniel (GER) 25-­ AFFONSO DE MIRANDA NETO, Alvaro (BRA) 26-­ BARRIOS, Pablo (VEN) 27-­ SCHRÖDER, Gerco (NED) 28-­ BOST, Roger Yves (FRA) 29-­ DUBBELDAM, Jeroen (NED) 30-­ O'CONNOR, Cian (IRE) 31- ALVAREZ MOYA, Sergio (ESP)  
Read more...]]> http://www.cityoutmonaco.com/monaco-sport/articles/international-showjumping-monaco Thu, 10 May 2012 17:41:47 +0200 http://www.cityoutmonaco.com/monaco-sport/articles/international-showjumping-monaco info@cityoutmonaco.com (Cityout Monaco) Why Monaco Football Club will not be winning the World Cup any time soon
Elaine Sciolino, Paris correspondent for the New York Times, has made a delightfully tongue-in-cheek suggestion that French millionaire footballers attempting to flee the punitive 75% tax rate proposed by France's new socialist president, Francois Hollande, could lead to an exodus to Monaco - and result in a world cup win for the Principality. In his followup article, veteran reporter John Haydon points out in today's Washington Times that sadly such an outcome is technically impossible from a football perspective. AS Monaco FC is a club side playing in the French League, rather than a national team; and anyway the majority of the current players already live outside France, with ten playing in the English Football League, three for Spanish teams, one in Milan and one in Munich.  But there is a further, financial, reason why the humorous scenario painted by Ms Sciolino could not happen. In December 1961, French president Charles de Gaulle, fearing a tax drain on the French economy, pushed Prince Rainier III of Monaco into signing a fiscal pact ensuring that French citizens in Monaco could not benefit from income tax exemption. To this day, only French nationals pay income tax in Monaco (although US citizens must also continue to pay US Federal tax wherever they are resident in the world). The amount payable is assessed according to the principles of French tax law and is paid directly to the French Government. Exceptions apply only for those French citizens who a) were habitually resident in Monaco for a period of five years on 13 October1962 and hold dual French and Monegasque nationality; b)are attached to the Prince's household; or c) are the French spouses of foreigners residing in Monaco, whose marriage took place before 1 January 1986. For those interested in learning more about the standoff between the two countries, a new movie, Grace of Monaco - starring Nicole Kidman as Princess Grace - is due to be released later this year. You can read more about it here.
Read more...]]> http://www.cityoutmonaco.com/monaco-financial/articles/tax-free-french-monaco Thu, 10 May 2012 08:47:10 +0200 http://www.cityoutmonaco.com/monaco-financial/articles/tax-free-french-monaco info@cityoutmonaco.com (Cityout Monaco) An explosion of world cinema at this year's gala festival - don't miss the free screenings!
What: 7th annual Monaco Charity Film Festival Where; Princesse Grace Theatre, and Gildo Pastor Center When: 7 to 15 May 2012 Contact:  +33 6 38 81 12 90 The Cannes Film Festival is not the only celebration of excellence in the arts to be taking place on the Riviera this May. For the seventh successive year, Monaco is hosting a competition of World Cinema to raise money for charitable causes, and this year's lineup is every bit as spectacular as that taking place further along the coast. The MCFF is an annual event benefitting poor children from all over the world. This year's film festival is raising much needed funds in support of the Virlanie Children's Foundation in the Philippines. MCFF also helps filmmakers from all walks of life to find financing and distribution for their films. No fewer than twelve movies are shown each day during the week at the Princess Grace Theatre or the Gildo Pastor Center, with the best shorts and features singled out for special awards by an international jury. All screenings are open to the public, free of charge. On the final night of the MCFF, a spectacular gala dinner and show take place at the Villa Ephrussi to raise money for charity.ProgrammeWednesday 9 May Features: Gate #5 (Lebanon) My Name is not Ali (Egypt/Germany) Zenne (Turkey) Chicas (US, Argentina, Spain) Ultimatum (Ivory Coast) Shorts: Where is She? South Africa! (USA) Be Forgotten (South Korea) Salmon (South Korea) The Way Home (Ukraine, France)Thursday 10 May Venue: Novotel Hotel screening room Features: Marcedes (Lebanon) 5th and ALameda (USA) Hamesima X (Israel) Inadequate People (Russia) The Prisoner (Jordan) Shorts: Beneath the Wheel (USA) Love Rush Lottery (USA) Pain (South Korea) A Cherkess Journey (UK)Friday 11 May Features: Leaving Baghdad (Iraq, UK, Hungary) Operation Terror (USA) Adesuwa (Nigeria) Innocence Blood (USA) Infiltrated (USA) Shorts: Grandma (Lebanon) Breaking the Circus (Macedonia. Czech Republic) The Last Man (USA) Junta (Turkey) Modern Romance (South Korea)Fright Night: House on the Hill (USA) Silence (Germany, out of comp)Saturday 12 Maymorning: Student films showcase afternoon: Australian shorts showcase Features: Man on Ground (South Africa) Siberia Mon Amour (Russia) Shorts: Hotel New York (USA) Perhaps (Australia) Sunday 13 May Features: Little Klaus, Big World (USA, Japan) Black Tulip (Afghanistan) Beeradelphia (USA) Heels of War (Lebanon, UAE) Last Flight to Abuja (Nigeria) The Locked Door (China) Shorts: Bachelorette (Germany) Cocks (Australia) Just Tango (Argentina) Nocturnal Errands (USA) Journey Forward USA) Monday 14 May Features: Project Happiness (USA) Not Today (India, USA) Exteriors (Norway) Baby Let Your Hair Hang Down (USA, Australia) Sniper Sakha (Russia) Shorts: Sang Soo (South Korea) The Taste of Sweet (South Krea) Silent Heart (USA) Station Zero (USA) How to Get to Candybar (USA)Tuesday 15 May Features: Shakespeare High (USA) Gravity 180 (Canada, USA) Shorts: Suin's Theatre (South Korea) Perhaps (Australia) Temptation (South Korea) Fireworks (USA, out of competition) 5pm: The Brest Fortress (Belarus, Russia, out of competition)Gala dinner and presentation at the Villa Ephrussi, Cap Ferrat7pm: gala dinner and awards presentation International Jury Jules Bruff, Actress, USA,  Jury President Christophe Nassif, Filmmaker, France Louis Alexander, Producer, Costa Rica Margaret Emery, Screenwriter, USA Brad Littlefield, Producer, USA FEATURE DOCUMENTARY Hakeem Kae-Kazim, Actor, Nigeria, Jury President James Jeffery Caldwell, Actor, USA Cookie Lommel, Author, USA Arnaud Collery, Comedian, France SHORTS – STUDENTS & NON-STUDENTS Jeff Frentzen, Film Reporter, USA, Jury President Richard Chagoury, Actor, USA Bryan Chamchoum, Filmmaker, USA Jairo Jaramillo, Film Student, Mexico JURY DELEGATE: Catherine Kyritsis, Actress, GreeceAbout the Festival The Monaco Charity Film Festival is a yearly event held in Monaco for the benefit of poor children around the world. Once more this year funds will be raised for the Virlanie Foundation in the Philippines, the largest private non-sectarian childcare institution in Manila. It operates twelve residential homes providing shelter, food and education to over 1,000 disadvantaged children. The Festival also helps new and developing film-makers find financing and distribution for their work.
Read more...]]> http://www.cityoutmonaco.com/monaco-events/articles/monaco-charity-film-festival-2012 Wed, 09 May 2012 10:04:03 +0200 http://www.cityoutmonaco.com/monaco-events/articles/monaco-charity-film-festival-2012 info@cityoutmonaco.com (Cityout Monaco) from Churchill Capital - 9 May 2012
This page is sponsored by Churchill Capital US DJIA -76.44 (-0.59%), S&P 500 -5.86 (-0.43%), NASDAQ -11.49 (-0.39%) U.S. stocks fell as Greece failed for a second day in forming a new government and the Euro zone sovereign debt crisis continues to cause concern.  In commodities, Crude rose $0.54 to $97.40/bbl, Gold rose 1.96% to close at $1,606.90 per ounce and copper lost 2.2% to close at $368.95 per pound.   Sector wise Health Care (+0.15%) and Utilities (+0.18%) outperformed, while Consumer Discretionary (-1.25%) and Financials (-0.69%) were the worst performers. Europe Stock News SAP GY - SAP Said to Conduct Informal Acquisition Talks With MobileIron DGE LN - Diageo Capital Sells $2.5 Billion Debt in Three-Part Offering BAYN GY - Bayer Seeks Buyers for Diabetes Device Business, FTD Reports SDF GY - K+S to Sell Nitrogen Fertilizer Distribution Unit to EuroChem GALP PL/ENI IM - Galp to Buy Eni’s Stakes in 2 Portuguese Natural Gas Companies TSCO LN - Tesco to Manage its GBP6b British Pension Plan, Reuters Says MS IM - Mediaset Sees Lower 2012 Profit After Difficult 1Q MEO GY - Metro AG Outlook Revised to Negative by S&P CARLB DC - Carlsberg 1Q Ebit Ex-Items Misses Est., Confirms FY Outlook SDF GY - K+S 1Q Ebit 1 Beats Est.; Reaffirms 2012 Forecast INGA NA - ING 1Q Underlying Profit EU705Mln; Analyst Est. EU632 Mln AKSO NO - Aker Solutions 1Q NK498m vs Est. NK463.1m EOAN GY - EON 1Q Sales Beat Est.; Confirms 2012, 2013 Forecasts HEN3 GY - Henkel 1Q Adj. Ebit Beats Est.; Reaffirms 2012 ForecastEconomic Figures Time Event Survey Prior 08:00 GE Exports SA (MoM) -0.50% 1.60% 08:00 GE Imports SA (MoM) 1.00% 3.90% 08:00 GE Current Account (EURO) 18.0B 11.1B 08:00 GE Trade Balance 14.3B 14.7B 08:45 FR Trade Balance (Euros) -6000M -6398M 13:00 US MBA Mortgage Applications - - 0.10% 16:00 US Wholesale Inventories 0.60% 0.90% Company Figures Comp/Tckr Time Actual Estimate Event Description VASTN NA Bef-mkt 0.92 Q1 2012 Earnings Release ELE SM Bef-mkt 0.565 Q1 2012 Earnings Release EDPR PL Bef-mkt 0.065 Q1 2012 Earnings Release CARLB DC 07:00 -0.262 1.627 Q1 2012 Earnings Release NRE1V FH 07:00 0.674 0.573 Q1 2012 Earnings Release SY1 GR 07:00 0.359 0.336 Q1 2012 Earnings Release MHG NO 07:00 0.11 0.046 Q1 2012 Earnings Release BNR GR 07:00 1.54 1.48 Q1 2012 Earnings Release SDF GR 07:00 1.01 0.929 Q1 2012 Earnings Release DEXB BB 07:00 0.038 Q1 2012 Earnings Release FRA GR 07:00 0.17 0.158 Q1 2012 Earnings Release AKSO NO 07:00 1.845 1.645 Q1 2012 Earnings Release LUPE SS 07:00 0.157 0.159 Q1 2012 Earnings Release KCO GR 07:00 -0.101 -0.007 Q1 2012 Earnings Release HOLN VX 07:00 0.03 0.072 Q1 2012 Earnings Release INGA NA 07:30 0.083 0.15 Q1 2012 Earnings Release LXS GR 07:30 2.32 2.1 Q1 2012 Earnings Release SPR GR 07:30 0.616 0.59 Q1 2012 Earnings Release OMV AV 07:30 1.39 1.009 Q1 2012 Earnings Release EOAN GR 07:30 0.902 0.884 Q1 2012 Earnings Release HEN3 GR 07:30 0.872 0.858 Q1 2012 Earnings Release SBRY LN 08:00 0.27 Y 2012 Earnings Release WKL NA 08:00 Q1 2012 Sales and Revenue Rel BBY LN 08:00 Q1 2012 Sales and Revenue Rel ISAT LN 08:00 Q1 2012 Earnings Release PDL LN 08:00 Interim Management Statement HEXAB SS 08:00 0.219 Q1 2012 Earnings Release NKT DC 08:00 2.218 Q1 2012 Earnings Release MEDAA SS 08:00 1.161 Q1 2012 Earnings Release TDC DC 08:00 0.901 Q1 2012 Earnings Release CEY LN 08:00 0.04 Q1 2012 Earnings Release IHG LN 08:00 0.25 Q1 2012 Earnings Release WIE AV 08:00 -0.455 Q1 2012 Earnings Release AF FP 08:00 April 2012 Sales and Revenue Rel CRH ID 08:00 Q1 2012 Sales and Revenue Rel RSL LN 08:30 Q1 2012 Sales and Revenue Call CRH ID 09:00 Q1 2012 Sales and Revenue Call CPW LN 10:00 Q4 2012 Sales and Revenue Call PRU LN 10:15 Q1 2012 Sales and Revenue Rel PDL LN 10:30 Q3 2012 Sales and Revenue Call INXN US Bef-mkt 0.118 Q1 2012 Earnings Release BEKB BB Bef-mkt Q1 2012 Sales and Revenue Rel PRU LN 11:45 Q1 2012 Sales and Revenue Call GBLB BB 17:45 Q1 2012 Earnings Release KN FP Aft-mkt 0.07 Q1 2012 Earnings Release APAM NA Aft-mkt -0.11 Q1 2012 Earnings Release GFJ GR Aft-mkt 0.19 Q1 2012 Earnings Release YOOX IM Q1 2012 Earnings Release DOU GR -0.365 Q2 2012 Earnings Release AMS SM 0.363 Q1 2012 Earnings Release LTO IM 0.31 Q1 2012 Earnings Release CBK GR 00:59 0.06 0.08 Q1 2012 Earnings Release MB IM 0.08 Q3 2012 Earnings Release EGPW IM 0.019 Q1 2012 Earnings Release FSA IM -0.029 Q1 2012 Earnings Release MAP SM 0.082 Q1 2012 Earnings Release BC IM Q1 2012 Earnings Release KU2 GR 0.318 0.25 Q1 2012 Earnings Release CRG IM Q1 2012 Earnings Release SGE LN 0.098 S1 2012 Earnings Release EZJ LN -0.204 S1 2012 Earnings Release FGR FP Aft-mkt Q1 2012 Sales and Revenue Rel CPW LN Q4 2012 Sales and Revenue Rel WEIR LN Q1 2012 Sales and Revenue Rel BBY LN Q1 2012 Sales and Revenue Rel Call ITV LN Q1 2012 Sales and Revenue Rel RSL LN Q1 2012 Sales and Revenue Rel BBY LN Q1 2012 Sales and Revenue Rel Call GLEN LN Q1 2012 Sales and Revenue Rel IMS NAT US -0.077 Q1 2012 Earnings Release
Read more...]]> http://www.cityoutmonaco.com/monaco-financial/articles/churchill-capital-daily-trader-20120509 Wed, 09 May 2012 08:29:06 +0200 http://www.cityoutmonaco.com/monaco-financial/articles/churchill-capital-daily-trader-20120509 info@cityoutmonaco.com (Cityout Monaco) Commemorate the Diamond Jubilee of HM Queen Elizabeth II with the British Association of Monaco
What: British Association of Monaco Where: various venues When: May and June 2012 Web: www.bam-monaco.org The raison d'être of the British Association of Monaco is to extend a welcome to those who move to Monaco, as well as providing support, friendship, and opportunities for networking. The Friendship Club meets every first and third Friday, with other events on Thursdays throughout the month. This summer, events take on a special flavour with the celebration of Queen Elizabeth II's 60 years on the throne. As the longest reigning monarch since Queen Victoria (whose rule extended to nearly 64 years), Elizabeth has provided extraordinary stability in one of the most unstable periods of history, little of which could have been foretold at the outset of her reign in 1952. Diamond Jubilee CelebrationsThursday 10 May 6.30 to 8pm: Happy Hour Venue: Loga Bar, Boulevard des Moulins, Monaco Come along by yourself or with friends and meet some members of the Committee and other members of BAM (some old and some new).  The 'Happy Hour' is between 6.30 pm and 8 pm.    Please note there will only be one Happy Hour in May because of the Historic and Formula 1 Grand Prix.  Friday 18 May  Friday Friendship Club  Venue: St Paul's Church Library, MonacoFriday 1 June  3pm to 6pm, Queen Elizabeth II Diamond Jubilee Celebration Venue: St Paul's Church Library, Monaco Entrance: freeSaturday 2 June6.30pm to 8pm: The Royal British Legion Jubilee Happy Hour Venue: Yacht Club de Monaco Entrance: Open to members of British and Commonwealth Associations, Royal British Legion and anyone else who wishes to celebrate this special event. Contact: jubileepartymonaco@gmail.comSunday 3 June10.30am Service of Jubilee ThanksgivingVenue: St Paul’s ChurchThe English and Commonwealth communities will gather for a special service of Thanksgiving to celebrate the 60th anniversary of the reign of Her Majesty Queen Elizabeth II. The service will feature special music including hymns 'I vow to thee my country', 'Jerusalem', 'Guide me, O thou great Redeemer' and 'Land of Hope and Glory'. A light lunch reception follows the Service of Jubilee Thanksgiving. Sunday 3 June 2pm to 5pm Children's Teddy Bear's Picnic Venue: Vanco Stadium, Beausoleil Entrance: €10 for members' children; €15 for non-members' children Bring a blanket along with your favourite Teddy and join in this family day of games, craft and lots of fun. Cake and juice, tea and coffee will be provided. Print off your booking form at www.bam-monaco.orgThursday 7th June Guided tour of the new Jean Cocteau museum in Menton followed by lunch With Jonathon BrownThursday  14th June7pm: Queen’s Birthday PartyVenue: Salon Bellevue, Café de Paris Entrance: €25 (members), €30 (non-members) A really special occasion with musical accompaniment and a short show by a troupe of young ballet dancers who will dance to a selection of British tunes. We have also arranged a surprise for the evening and therefore we hope that as many members as possible will come and show their respect and loyalty to Her Majesty on her extraordinary achievements over the past sixty years.
Read more...]]> http://www.cityoutmonaco.com/monaco-community/articles/bam-summer-2012-monaco Tue, 08 May 2012 12:14:11 +0200 http://www.cityoutmonaco.com/monaco-community/articles/bam-summer-2012-monaco info@cityoutmonaco.com (Cityout Monaco) Enjoy a taste of the Orient at this year's spectacular and exotic Summer Ball
What: 'Princes of Rajasthan' Summer Ball (Bal de l'Été) Where: Sporting Monte Carlo When: Friday 22 June to Sunday 24 June Web: http://www.colonnadestigliano.com/monaco2012 Dress: black tie, Nehru jacket/sari Basking in the high patronage of HSH Prince Albert II of Monaco and organized by Princess Catherine Colonna de Stigliano, the Summer Ball - now in its seventeenth year - is always taken as one of the first signs of the high season in the Principality. Last year's 'Animal Planet' theme had guests roaring with delight, as savage drumbeats and wild musical rhythms filled the air with passionate excitement. For 2012, the organizers of the Monaco Summer Ball are once again planning a fantastic party, this time suffused with the perfumes, spice and exoticism of the East, as they prepare a magnificent weekend in the company of the Princes of Rajasthan.  Monaco is no stranger to the delights of the subcontinent. Last September the Galerie Carré Doré exhibited wonderful artworks based on the techniques of Rajasthani illustration, and in March 2011, the Principality played host to one of the most spectacular society weddings to have taken place there since that of TSH Princess Grace and Prince Rainier. At this year's ball, guests of honour will include stars of the enormously successful Indian film industry Amitabh Bachchan, Aishwarya Rai and Abhishek Bachchan, along with fashion gurus Abu Jani and Sandeep Khosla (between them celebrating a twenty-five year partnership), and Raghavendra Rathore. And of course Prince Albert will be introducing his counterpart HRH the Maharana Shriji Arvind Singhji Mewar, head of the Royal House of Udaipur. The same family has ruled in Rajasthan since the 7th century, making it not only the longest ruling dynasty in the world, but also older than the Grimaldis by a further 500 years! His Royal Highness's home city (above) is one of the jewels in the crown of Rajasthan. Located 400km southwest of Jaipur, in the north-west territory's lake district, the city has understandably earned the nickname the Venice of the East.  And it is from this beautiful blue city and its surroundings that the inspiration has come for this year's colourful ball. The glittering weekend, tickets for which are available from €400, starts at 8pm on Friday evening 22 June with a Masala cocktail dinner at the Beach Club followed by dancing at Jimmy'z nightclub. On Saturday - after an energetic game of tennis or spa treatment at the Thermes Marins - guests will enjoy a 'Red Hot Indian Summer' aperitif from 2 till 5pm at the Sea Lounge before proceeding to the starlit Spice of Life Gala Dinner at the Salle des Etoiles in the Sporting Monte Carlo, with magical Indian cuisine from the expert kitchen of chef Talwinder Singh. On Saturday, the revels continue to the beat of Bollywood from popstar Sonu Kakkar and Delhi-based DJ Sunny Sarid. And on Sunday, there the traditional breakfast and balmy brunch, served from 10.30am till 3.30pm on the terrace of the Hôtel de Paris followed by a traditional Indian Namaste or farewell. As is customary, an auction will be held at the gala dinner to raise money for the Order of the Knights of Malta, a major NGO who play a legendary and unique role in managing hospitals and care centres worldwide.
Read more...]]> http://www.cityoutmonaco.com/monaco-events/articles/monaco-summer-ball-princes-rajasthan Tue, 08 May 2012 09:20:37 +0200 http://www.cityoutmonaco.com/monaco-events/articles/monaco-summer-ball-princes-rajasthan info@cityoutmonaco.com (Cityout Monaco) from Churchill Capital - 8 May 2012
This page is sponsored by Churchill CapitalUS DJIA -29.74 (-0.23%), S&P 500 +0.77 (+0.06%), NASDAQ +1.42 (+0.05%) Most U.S. stocks rose slightly on a light day of economic news in the states.  Consumer credit rose by $21.36b vs. $9.27b; the fastest increase since 2001.  Crude futures fell 58bps after the EU elections to $97.92/bbl, gold closed down $5.80 to $1,639.40 per ounce and the Euro weakened for a seventh consecutive day to finish at $1.3061. Sector wise Financials (+0.64%) and Telecom (+0.44%) led, while Industrials (-0.30%) and Tech (-0.27%) underperformed.Asia ASX +0.15%, NKY +0.70%, HSI -0.05%   Most indices pared early gains today as concern over Greece’s political instability, default risk and EU growth continued to weigh.  The Australian trade deficit more than doubled for March (-$1.5B vs. -$480m prior - new 5 year low), prompting a sharp selloff in the AUDUSD to $1.017 before recovering slightly.    Later this evening the Australian Federal Budget will be released, with an expectation it returns to surplus for FY2012/13. Copper (-0.69%, $374.75/lb) reversed earlier gains driven by a positive German manufacturing read.  Gold continued to ease (-0.10%, $1636/oz) Best sectors were Telecommunications (TLS AU +1.02%) and Industrials.Europe Stock News BARC LN - Barclays Seeks China Partner to Set Up Venture, SCMP Repor DTE GY - Deutsche Telekom Agrees to Increase Wages at Unit by 6.5 Percent ENRC LN - ENRC Considering Spinning Off African Unit, Sunday Times Reports REP SM - Repsol Says It May Sue If Exxon, Others Invest in YPF: FT RHK GY/FRE GY - Germany Sees Possible Insider Trading in Rhoen-Klinikum Deal REE SM - Bolivia to Pay Little or No Damages for Red Electrica Seizure RHM GY - Rheinmetall Plans Automotive Unit IPO, Will Stay Majority Owner SOLB BB - Solvay First-Quarter Ebitda of 523 Million Euros Beats Estimates LUX IM - Luxottica 1Q Net Income EU131m vs Est. EU126m; Sales Beat Est. BCP PL - Banco Comercial’s Capital Needs Are About 2.5 Billion Euros CABK SM - Caixabank Agrees to Sell 9.44 Percent of BPI to Santoro HOT GY- Hochtief Posts Wider 1Q Net Loss Than Est.; Beats 1Q Rev. Est. PNL NA - PostNL 1Q Net EU641m vs est. EU528m; Reaffirms FY OutlookEconomic Figures Time Event Survey Prior 12:00 GE Industrial Production MoM (sa) 0.80% -1.30% 12:00 GE Industrial Prod. YoY (nsa wda) -1.20% -1.00% 13:30 US NFIB Small Business Optimism 93 92.5 14:15 CA Housing Starts 204.0K 215.6K 16:00 US IBD/TIPP Economic Optimism 48 49.3 Company Figures Ticker Time Estimate Event Description HOT GR 07:00 -0.286 Q1 2012 Earnings Release DPW GR 07:00 0.315 Q1 2012 Earnings Release ADEN VX 07:00 0.587 Q1 2012 Earnings Release TEL NO 07:00 1.773 Q1 2012 Earnings Release KVAER NO 07:00 0.365 Q1 2012 Earnings Release DSM NA 07:15 0.685 Q1 2012 Earnings Release G1A GR 07:30 0.17 Q1 2012 Earnings Release STL NO 07:30 4.708 Q1 2012 Earnings Release PNL NA 07:30 0.99 Q1 2012 Earnings Release MUV2 GR 07:45 4.302 Q1 2012 Earnings Release AOX GR 08:00 0.115 Q1 2012 Earnings Release PGS NO 08:00 0.073 Q1 2012 Earnings Release SAMAS FH 08:30 0.544 Q1 2012 Earnings Release ACS SM 08:30 0.19 Q1 2012 Earnings Release GAS SM 09:00 0.408 Q1 2012 Earnings Release HSBA LN 10:15 Q1 2012 Sales and Revenue Rel HSBA LN 10:15 0.22 Q1 2012 Earnings Release AER US Bef-mkt 0.453 Q1 2012 Earnings Release SAS SS 11:00 April 2012 Sales and Revenue Rel HSBA LN 12:00 Q1 2012 Sales and Revenue Call MS IM 15:30 0.02 Q1 2012 Earnings Release BCP PL 17:00 0.002 Q1 2012 Earnings Release PIA IM Q1 2012 Earnings Release MI IM Q1 2012 Earnings Release OHL SM 0.45 Q1 2012 Earnings Release CRG IM Q1 2012 Earnings Release PNDORA DC 1.783 Q1 2012 Earnings Release PSG SM 3.4 Q1 2012 Earnings Release TT/ LN S1 2012 Earnings Release XL US Aft-mkt 0.402 Q1 2012 Earnings Release AMRN US -0.096 Q1 2012 Earnings Release SLHN VX Q1 2012 Sales and Revenue Rel JAZZ US 0.874 Q1 2012 Earnings Release TCY LN Q1 2012 Sales and Revenue Rel
Read more...]]> http://www.cityoutmonaco.com/monaco-financial/articles/churchill-capital-daily-trader-20120508 Tue, 08 May 2012 09:12:31 +0200 http://www.cityoutmonaco.com/monaco-financial/articles/churchill-capital-daily-trader-20120508 info@cityoutmonaco.com (Cityout Monaco) from Churchill Capital - 4 May 2012
This page is sponsored by Churchill CapitalUS DJIA -61.98 (-0.47%), S&P 500 -10.74 (-0.77%), NASDAQ -35.55 (-1.16%) U.S. stocks initially traded higher as jobless claims came in at 365k vs. 379k expected; however, the ISM non-manufacturing index came in at a four-month low of 53.5 vs. 55.3 expected giving back gains.  Crude fell 2.5% to $102.54/bbl, while natural gas rose 4.1% after losing close to 5% yesterday. All ten S&P sectors were down on the day with Energy (-1.48%), Materials (-1.20%) and Financials (-0.99%) getting hit the hardest.Europe Stock News SGO FP - Saint-Gobain Sales Revenue Up; Higher Prices Offset Falling Volumes GSK LN/AZN LN - Glaxo Says AstraZeneca Deal Would Be Inevitably Distracting NOK1V FH - Nokia Investors Skeptical of Turnaround Plan Under New Chairman QIA GY - QIAGEN Acquires AmniSure International to Add Unique Assay TIT IM - Telecom Italia Owners Approve $4.5 Billion Financing Package REP SM - Argentina Congress Backs Takeover of YPF From Spain’s Repsol EDN IM/EDF FP - EDF Bid for Edison at EU0.89-Shr is Approved by Italy Regulator IBE SM - Iberdrola Studies Alternatives for Neoenergia Stake RBS LN - RBS Will Say it Paid Back GBP75b of Funding in Govt Program: FT UCG IM - UniCredit 1Q Profit May Fall to EU805m, Company Survey Shows KN FP/VIE FP - Natixis’s Cube Made Offer for Veolia Transdev Stake, Echos Says ALO FP - *ALSTOM FY OPER. PROFIT EU1.406 BLN VS ANALYST EST. EU1.301 BLN AF FP - Air france op loss of E597 mill vs cons of E loss 510 mill BNP FP - BNP Paribas Profit Beats Est on Asset Sale, Fixed-Income Rebound LG FP - Lafarge 1Q Net Loss EU44m Beats Est. Loss EU84.5m LR FP - Legrand 1Q Operating Income Up Y/y; Confirms 2012 Targets WCH GY - Wacker 1Q Ebitda Beats; Reaffirms Forecast; Demand Improved GJF NO - Gjensidige Forsikring 1Q Net NK1.09b vs Analyst Est. NK648.5m SREN VX - Swiss Re 1Q Net $1.14b, Beating Est. $688.1m CFR VX - Richmont Said Arranging Financing for Avon Bid to Rival Coty (1) VIV FP - Vivendi Punishes Shareholders Seeing Need for Breakup: Real M&A VIE FP - Veolia 1Q Rev. Up 3.4% at Constant Rates; Confirms Targets VIE FP - Natixis’s Cube Made Offer for Veolia Transdev Stake, Echos SaysEconomic Figures Time       Event                                Survey Prior  09:00 UK Halifax House Price 3Mths/Year APR   0.40%  -0.60%  09:00 UK Halifax House Prices sa (MoM)  APR   -0.80% 2.20%  09:45 IT PMI Services                   APR    43.7   44.3  09:50 FR PMI Services                   APR F  46.4   46.4  09:55 GE PMI Services                   APR F  52.6   52.6  10:00 EC PMI Composite                  APR F  47.4   47.4  10:00 EC PMI Services                   APR F  47.9   47.9  11:00 EC Euro-Zone Retail Sales (MoM)   MAR   0.00%  -0.10%  11:00 EC Euro-Zone Retail Sales (YoY)   MAR   -1.10% -2.10%  14:30 US Change in Nonfarm Payrolls     APR    160K   120K  14:30 US Change in Private Payrolls     APR    165K   121K  14:30 US Change in Manufact. Payrolls   APR    20K    37K  14:30 US Unemployment Rate              APR   8.20%  8.20%  14:30 US Avg Hourly Earning MOM All Emp APR   0.20%  0.20%  14:30 US Avg Hourly Earning YOY All Emp APR   2.00%  2.10%  14:30 US Avg Weekly Hours All Employees APR    34.5   34.5 Company Figures Ticker    Time   Actual Estimate Event Description ABG SM   Bef-mkt          0.54   Q1 2012 Earnings Release BELG BB   07:00          0.564   Q1 2012 Earnings Release SREN VX   07:00   3.33   1.845   Q1 2012 Earnings Release LIN GR    07:00  1.891   1.801   Q1 2012 Earnings Release GJF NO    07:00  2.181   1.346   Q1 2012 Earnings Release LG FP     07:00  -0.153  -0.42   Q1 2012 Earnings Release BNP FP    07:00  1.687           Q1 2012 Earnings Release ALO FP    07:03  2.486    2.69   Y 2012 Earnings Release WCH GR    07:15  0.835   0.838   Q1 2012 Earnings Release AF FP     07:15          -1.12   Q1 2012 Earnings Release RBS LN    08:00                  Q1 2012 Sales and Revenue Release - SKG ID    08:00          0.275   Q1 2012 Earnings Release RBS LN    08:00            0     Q1 2012 Earnings Release SWMA SS   08:00           3.19   Q1 2012 Earnings Release NPRO NO   08:30          0.147   Q1 2012 Earnings Release VIE FP    08:30                  Q1 2012 Sales and Revenue Call RTO LN    09:45                  Q1 2012 Sales and Revenue Call RBS LN    10:00                  Q1 2012 Sales and Revenue Call - IMS PHNX LN   10:30                  Q1 2012 Sales and Revenue Call - ELT US   Bef-mkt         0.248   Q1 2012 Earnings Release WCRX US  Bef-mkt         0.928   Q1 2012 Earnings Release VIE FP   Bef-mkt                 Q1 2012 Sales and Revenue Release AON US   Bef-mkt         1.044   Q1 2012 Earnings Release RBS LN    15:00                  Q1 2012 Sales and Revenue Call - BRI PL   Aft-mkt         -0.01   Q1 2012 Earnings Release LR FP                    0.508   Q1 2012 Earnings Release PWTN SW                   1.03   Q1 2012 Earnings Release ANDR AV                  0.455   Q1 2012 Earnings Release PRS SM                    0.04   Q1 2012 Earnings Release OPERA NO         0.3416  0.406   Q1 2012 Earnings Release MF FP    Aft-mkt                 Q1 2012 Sales and Revenue Release EZJ LN                           April 2012 Sales and Revenue Release LONN VX                          Q1 12 Sales and Revenue Release RR/ LN                           Q1 2012 Sales and Revenue Release - RTO LN                           Q1 2012 Sales and Revenue Release - PHNX LN                          Q1 2012 Sales and Revenue Release -
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This page is sponsored by Churchill CapitalUS DJIA +65.69 (+0.50%), S&P 500 +7.91 (+0.57%), NASDAQ +4.08 (+0.13%) U.S. stocks rose, pushing the Dow to the highest level since 2007, as better than expected U.S. manufacturing figures were released today.  The ISM manufacturing index rose 1.4 percentage points in April to 54.8, the highest level in almost a year.  Gold futures traded down $2.00 to close at $1,662.20, oil rose 1.14% to $106.01/bbl and the Euro weakened 5bps vs. The Dollar to 1.3222. All ten S&P sectors were higher on the day with Energy (+1.5%), Financials (+1.09%) and Materials (+0.65%) leading the way. Europe Stock News DAI GY/BMW GY - Mercedes Leads BMW in U.S. Luxury Sales After 24% April Gain NOVN VX - Sandoz Infringes Hospira Sedative Patent, U.S. Judge Rules REE SM - Bolivia Seizes Unit of Spanish Power Company Red Electrica XTA LN - Xstrata’s Remuneration Report Opposed by 36.5% of Voters at AGM PGHN SW - Partners Group Buys Hong Kong-based Trimco BLT LN - BHP Sees Substantial Uplift in June Qtr Escondida Copper Output RBS LN - RBS Says Markets Unit Will Maintain Focus on Fixed Income UBSN VX - UBS Posts 54% Decline in Profit on Investment Bank, Debt Charge SCMN VX - Swisscom 1Q Net Beats, Sales in Line; Reiterates FY ForecastEconomic Figures Time Event Survey Prior 09:45 IT PMI Manufacturing 47.1 47.9 09:50 FR PMI Manufacturing 47.3 47.3 09:55 GE Unemployment Change (000's) -10K -18K 09:55 GE Unemployment Rate (s.a) 6.70% 6.70% 09:55 GE PMI Manufacturing 46.3 46.3 10:00 IT Unemployment Rate (SA) 9.40% 9.30% 10:00 EC PMI Manufacturing 46 46 10:30 UK PMI Construction 54 56.7 10:30 UK Net Consumer Credit 0.3B 0.4B 10:30 UK Net Lending Sec. on Dwellings 1.0B 1.2B 10:30 UK Mortgage Approvals 48.0K 49.0K 11:00 IT PPI (MoM) 0.60% 0.40% 11:00 IT PPI (YoY) 3.00% 3.20% 11:00 EC Euro-Zone Unemployment Rate 10.90% 10.80% 14:15 US ADP Employment Change 170K 209K 16:00 US Factory Orders -1.70% 1.30% Company Figures Company Ticker Time Estimate Event Description UBSN VX 06:45 0.377 Q1 2012 Earnings Release SCMN VX 07:30 8.433 Q1 2012 Earnings Release DLG GR 07:30 0.146 Q1 2012 Earnings Release CLLN LN 08:00 Q1 2012 Sales and Revenue Rel TNTE NA 08:00 0.05 Q1 2012 Earnings Release BSY LN 08:00 0.118 Q3 2012 Earnings Release COFB BB 08:00 1.723 Q1 2012 Earnings Release VWS DC 08:30 -0.259 Q1 2012 Earnings Release STAN LN 09:00 Q1 2012 Sales and Revenue Call PTEC LN 10:30 Q1 2012 Sales and Revenue Call Trading Update GRMN US Bef-mkt 0.401 Q1 2012 Earnings Release KYG ID 13:30 Q1 2012 Sales and Revenue Call TNET BB 17:45 0.243 Q1 2012 Earnings Release FPE GR 0.678 Q1 2012 Earnings Release STS IM Q1 2012 Earnings Release HOME LN 0.086 Y 2012 Earnings Release DHT US Aft-mkt 0.064 Q1 2012 Earnings Release RIG US Aft-mkt 0.324 Q1 2012 Earnings Release NXT LN Q1 2012 Sales and Revenue Rel STAN LN Q1 2012 Sales and Revenue Rel KYG ID Q1 2012 Sales and Revenue Rel PTEC LN Q1 2012 Sales and Revenue Rel HGG LN Q1 2012 Sales and Revenue Rel SPT LN Q1 2012 Sales and Revenue Rel
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This page is sponsored by Churchill CapitalUS DJIA -14.68 (-0.11%), S&P 500 -5.45 (-0.39%), NASDAQ -22.84 (-0.74%) U.S. stocks fell, as Spain's GDP figures showed the country was entering its second recession since 2009, and U.S. economic numbers were slightly worse than expected.  U.S. consumer spending rose 0.3% vs. 0.4% expected, while the ISM Chicago business barometer decreased to 56.2 vs. 60 expected, making this month's business activity expansion the slowest since April, 2009.  Gold futures traded up $1.60 to close at $1,666.40, oil fell 10bps to $104.82/bbl and the Euro weakened 20bps vs. The Dollar to 1.3229. Sector wise Telecom (+0.61%) and Energy (+0.47%) led, while Technology (-0.87%) and Industrials (-0.78%) were the worst performers. Asia ASX +1.06%, NKY -1.42%, HSI closed. Mixed day on poor turnover as expected with most Asian markets closed.  The ASX was markedly higher after the Reserve Bank surprisingly cut the official cash rate by 50bps to 3.75%, where markets had previously priced in an expected 25bp cut.  AUDUSD sold off from $1.041 to 1.033 and high yield securities rose sharply (TLS, $3.60, +1.5%) after the announcement, while 15 year treasury yields fell to their lowest recorded level by 14bps to 3.863%.Europe Stock News ALO FP - European Development Banks Investigate Claims Over Alstom: WSJ RMS FP - Hermes Wins $100 Million Damages From Counterfeit Websites IPR LN - S&P Upgrades U.K.’s International Power to A from BBB- REP SM - Repsol Said to Cut Gas Shipment on Argentina Noncompliance LGEN LN - Legal & General to Announce First Property Loan: FT BMPS IM - Monte Paschi Needs to ‘Change a Lot,’ Chairman Profumo Tells FT RBS LN - RBS Approached by Truell About Selling Insurance Unit: FT ABBN VX - ABB Says DOJ Cleared Proposed Purchase of Thomas & Betts BP/ LN - *BP 1Q NET PROFIT $5.92 BLN VS $7.25 BLN                  IMT LN - *IMPERIAL TOBACCO 1H PRETAX PROFIT 1.11B PNDS; EST. 1.25B PNDS NEX LN - *NATIONAL EXPRESS SAYS 1Q TRADING IN LINE WITH ITS FORECASTSEconomic Figures Time Event Survey Prior 10:30 UK PMI Manufacturing 51.5 52.1 16:00 US Revisions: Construction Spending 16:00 US Construction Spending MoM 0.50% -1.10% 16:00 US ISM Manufacturing 53 53.4 16:00 US ISM Prices Paid 59 61 23:00 US Total Vehicle Sales 14.40M 14.32M 23:00 US Domestic Vehicle Sales 11.10M 11.09M Company Figures Ticker Time Estimate Event Description LLOY LN 08:00 0.005 Q1 2012 Earnings Release IMT LN 08:00 0.931 S1 2012 Earnings Release BP/ LN 08:00 0.266 Q1 2012 Earnings Release EMG LN 08:00 Q1 2012 Sales and Revenue Release - EMG LN 09:00 Q1 2012 Sales and Revenue Call - NEX LN 10:00 Q1 2012 Sales and Revenue Call LLOY LN 10:30 Q1 2012 Sales and Revenue Call FWLT US Bef-mkt 0.39 Q1 2012 Earnings Release RB/ LN 13:00 0.54 Q1 2012 Earnings Release CSR LN -0.027 Q1 2012 Earnings Release CHG LN Q1 2012 Sales and Revenue Release LLOY LN Q1 2012 Sales and Revenue Release
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This page is sponsored by Churchill Capital USDJIA +23.69 (+0.18%), S&P 500 +3.38 (+0.24%), NASDAQ +18.59 (+0.61%) U.S. stocks rose for a fourth straight day on improved consumer confidence and good earnings.  Consumer sentiment rose to 76.4 from 76.2 last month, while the Commerce Department reported that the U.S. economy rose at 2.2 percent annual rate vs. 2.5 expected.  In commodities oil rose 13bps to $104.69/bbl, gold rose $2.50 to $1,663.00 per ounce and natural gas jumped 3.1% to $2.194 per million British thermal units.Sector wise Cons Disc (+1.32%) and Industrials (+0.57%) lead the way, while Energy (-0.05%) and Financials (-0.03%) were the laggards. Asia ASX +0.74%, HSI +1.10%, NKY closed Asian indices were stronger on the back of Friday’s offshore leads and positive macro releases (Chinese March Leading Index 100.52 vs. 101.27 prior).  Nikkei and Shanghai markets were closed as Golden Week commences.  Risky assets gained (July Copper +0.51%, $3.85/lb and June WTI +0.10%, $104.95/bbl).  The AUDUSD was weaker (-0.20%, $1.045) ahead of the RBA’s interest rate decision (expected 0.25% cut).  Turnover was generally subdued as Golden Week commences. All sectors were higher on the day, the best of which were Materials, Energy and Telecommunications.Europe Stock News DAI GY - Daimler Prepares Hostile Takeover Defense, Automobilwoche Says NOK1V FH - Nokia in Talks With Permira To Sell Vertu for ~GPB200m: FT CSGN VX - Credit Suisse Catastrophe Insurance Unit Plans London IPO: FT DTE GY - Deutsche Telekom Agrees to Two-Year, 6.5% Pay Rise, Union Says PTC PL - Portugal Telecom Has a ‘Solid Financial Situation,’ CEO Says GSK LN - Glaxo Bid Undervalues Human Genome Sciences, Sunday Times Says III LN - 3i Hires PWC Ahead of $407 Million Hobbs Sale, Telegraph Says HDD GY - Heidelberger Druck Sees End of Industry Decline, Welt Says AZN LN - AstraZeneca CEO May Get $65 Million Exit Package, Times Says RNO FP - Renault Says Dongfeng Venture Could Produce Cars by End of 2015 TIT IM - Telecom Italia Shareholders to Raise Telco’s Capital, Sole Says ABI BB - AB InBev First-Quarter Sales Rise on Bud Light Platinum, Stella EBS AV - Erste First-Quarter Net 346.5 Million Euros, Beats Estimates ADS GY - *ADIDAS RAISES FY FORECAST AS INDIA RESTRUCTURING ACCELERATEDEconomic Figures Time Event Survey Prior 10:00 EC Euro-Zone M3 s.a. 3 mth ave. 2.70% 2.30% 10:00 EC Euro-Zone M3 s.a. (YoY) 2.80% 2.80% 11:00 EC Euro-Zone CPI Estimate (YoY) 2.50% 2.60% 11:00 IT CPI (NIC incl. tobacco) (MoM) 0.40% 0.50% 11:00 IT CPI (NIC incl. tobacco) (YoY) 3.20% 3.30% 11:00 IT CPI - EU Harmonized (MoM) 0.80% 2.50% 11:00 IT CPI - EU Harmonized (YoY) 3.60% 3.80% 14:30 US Personal Income 0.30% 0.20% 14:30 US Personal Spending 0.40% 0.80% 14:30 US PCE Deflator (MoM) 0.30% 0.30% 14:30 US PCE Deflator (YoY) 2.20% 2.30% 14:30 US PCE Core (MoM) 0.20% 0.10% 14:30 US PCE Core (YoY) 2.00% 1.90% 15:45 US Chicago Purchasing Manager 60.5 62.2 16:00 US NAPM-Milwaukee 53 51.8 16:30 US Dallas Fed Manf. Activity 8 10.8 Company Figures Company Ticker Time Estimate Event Description ABI BB 07:00 0.935 Q1 2012 Earnings Release EBS AV 07:01 Q1 2012 Earnings Release LYB US Bef-mkt 1.042 Q1 2012 Earnings Release OERL SW 14:00 Q1 2012 Sales and Revenue Call - Trading Update PRC FP Y 2011 Earnings Release ADN LN 0.093 S1 2012 Earnings Release OERL SW Q1 2012 Sales and Revenue Rel
Read more...]]> http://www.cityoutmonaco.com/monaco-financial/articles/churchill-capital-daily-trader-20120430 Mon, 30 Apr 2012 10:47:04 +0200 http://www.cityoutmonaco.com/monaco-financial/articles/churchill-capital-daily-trader-20120430 info@cityoutmonaco.com (Cityout Monaco) The OPMC has a stunning season lined up for a musical Monte Carlo summer
What: Monte Carlo Philharmonic Orchestra Where: Grimaldi Forum, Auditorium Rainier III, Théâtre des Variétés   When: from 1 May 2012 to August 2012 Web: http://www.opmc.mc This summer, the Monte Carlo Philharmonic Orchestra returns with a fabulous programme including works by Brahms, Beethoven and Bernstein. As well as the ever popular Music for Young Listeners on 9 May, there will be two more 'cine concerts' featuring the orchestra's interpretation of the soundtrack for Charlie Chaplin's classic satire Modern Times. In July and August, the scene shifts from the orchestra's home turf of the Auditorium Rainier III to the courtyard of the Prince's Palace for a suite of summer concerts performed and conducted by some of the world's greatest musicians, including Pinchas Zukerman, Gautier Capuçon, Ute Lemper and Lawrence Foster. The full programme of events is listed below. --Releases on the OPMC Classics labelUnder its late and much-missed conductor Yakov Kreizberg, the orchestra produced the first in a series of 'OPMC Classics', recordings which have already met with extremely favourable reviews. Available are a boxed set of Stravinsky (including the Firebird and the Rite of Spring), Ravel's Daphnis et Chloe with Debussy's L'apres-midi d'un Faune' and a selection of Rimsky-Korsakov, Borodin and Mussorgsky. Now they are joined by a limited edition vinyl release of extracts from Rimsky-Korsakov's Sheherezade, Mussorgksy's Night on a Bare Mountain, and Rachmaninov's second Symphony. More information is available on the orchestra's official website - just follow the link at the top of this page.ProgrammeSunday 6 May at 11am and 5pm Auditorium Rainier III Ibert: Flute concerto Tchaïkovsky: Eugene Onegin, Lenski's Aria Beethoven: Symphony no 2 Emmanuel Pahud, flute; conducted by Dima Slobodeniouk Wednesday 9 May at 4pm Auditorium Rainier IIIFor Young Listeners: An ornithologist's guide to music Conducted by Patrick BatonSaturday 9 June at 8.30pm Salle Garnier Cine-concert: Charlie Chaplin's Modern Times conducted by Frank StrobelSunday 10 June at 6pm Salle Garnier Cine-concert: Charlie Chaplin's Modern Times conducted by Frank StrobelThursday 12 July at 9.30pm Prince's Palace Bernstein: Candide, overture Gershwin: Piano concerto in in F Antonín Dvořák: Symphonie no 7 in d minor, op. 70 Jean-Yves Thibaudet, piano; conducted by Krzysztof UrbanskiSunday 15 July at 9.30pm Prince's Palace Mozart: Violin Concerto no 3 in G, K 216 (Strasbourg) Tchaikovsky: Symphony no 5 in e minor, op. 64 Pinchas Zukerman, violinWednesday 18 July at 9.30pm Brahms: Akademische Festouvertüre, op. 80 Tchaikovsky: Variations on a rococo theme for cello and orchestra, op. 33 Brahms: String quartet in g minor, op. 25 Gautier Capuçon, cello; conducted by Kristjan JärviSunday 29 July at 9.30pm Prince's Palace Massenet: Le Cid, extracts Rodrigo: Aranjuez harp concerto Franck: Symphony in d minor Xavier de Maistre, harp; conducted by Jésus López-CobosThursday 2 August at 9.30pm Prince's Palace Beethoven: Piano Concerto no 1 in C, op.15 Beethoven: Symphony no 6 in F, op. 68 'Pastoral' Conducted from the piano by Christian ZachariasSunday 5 August at 9.30pm Prince's Palace Cabaret of European song: Kurt Weill, Edith Piaf and Jacques Brel Ute Lemper, contralto; conducted by Lawrence Foster
Read more...]]> http://www.cityoutmonaco.com/monaco-culture/articles/monte-carlo-philharmonic-orchestra-2012 Fri, 27 Apr 2012 14:32:58 +0200 http://www.cityoutmonaco.com/monaco-culture/articles/monte-carlo-philharmonic-orchestra-2012 info@cityoutmonaco.com (Cityout Monaco) Enrique Iglesias, Earth Wind and Fire, Duran Duran and Jerry Lee Lewis in the lineup for this year
What: Sporting Summer Festival Where: Salle des Etoiles, Sporting Monte Carlo When: 6 July 2012 to 18 August 2012Admission: various prices for dinner and show, or drink and showTickets: +377 98 06 36 36 (10am-7pm) or ticketoffice@sbm.mcDress Code: jacket and tie for shows, dinner jackets for Red Cross Gala Each summer, Monaco's Sporting Summer festival lights up the Riviera with some of the greatest names from the world of music, and this year is no exception: Enrique Iglesias kicks things off on 6 July, to be followed by a slew of internationally famous performers, including Duran Duran, Hugh Laurie (better known as Dr House), Alice Cooper, and veterans George Benson, Johnny Halliday and - great balls of fire! - Jerry Lee Lewis The full programme is printed below (with the exception of the big final night act, who has yet to be announced - watch this space!)Programme July 2012 Friday 6 & Saturday 7 Enrique Iglesias Monday 9 Caravan Palace, Chico & the Gypsies Fightaids Evening Thursday 12 Mac Miller & Wiz Khalifa in agreement with MLP Friday 13 Pink Martini Saturday 14 Laurent Gerra Monday 16 to Wednesday 18 Rock the Ballet Thursday 19 to Friday 21 Johnny Hallyday Monday 23 George Benson Tuesday 24 Hugh Laurie Wednesday 25 Duran Duran Thursday 26 Melody Gardot Friday 27 Tony Bennett Saturday 28 Giorgio Panariello Sunday 29 Earth, Wind & Fire Experience ft. Al Mc Kay, and Kool & the Gang Monday 30 Jerry Lee Lewis Tuesday 31 Julien Clerc August 2012Wednesday 1 Alice Cooper Friday 3 Red Cross Gala Saturday 4 The Australian Pink Floyd show Sunday 5 LMFAO Monday 6 to Friday 10 Bohemian Rhapsody - Tribute to Queen Saturday 11 Tiziano Ferro Sunday 12 to Tuesday 14 Bohemian Rhapsody - Tribute to Queen Wednesday 15 Massimo Ranieri Thursday 16 Laura Pausini Friday 17 to be announced Saturday 18 to be announced
Read more...]]> http://www.cityoutmonaco.com/monaco-events/articles/monte-carlo-summer-sporting-festival-2012 Fri, 27 Apr 2012 11:04:41 +0200 http://www.cityoutmonaco.com/monaco-events/articles/monte-carlo-summer-sporting-festival-2012 info@cityoutmonaco.com (Cityout Monaco) The earthy energy of Hungarian gypsy music is unleashed at a spectacular concert in Monaco
What: Budapest Gypsy Symphony Orchestra Where: Grimaldi Forum, Salle des Princes When: 8.30pm 25 April 2012 Contact:  +377 99 99 30 00 Tickets: Book here In the worlds of folk, jazz and classical music, the exciting virtuosity of gypsy musicians has always been highly regarded, and since 1985 its leading exponents have been performing together as the Budapest Gypsy Symphony Orchestra. As well as traditional instruments such as cembalos and clarinets, the orchestra - dressed in colourful traditional costumes - features no fewer than sixty violins, six cellos and ten double basses. The ensemble bring to their playing an innate musicality, effortlessly handling quick changes of rhythm, colour, harmony and style. In true central European style, the orchestra was formed spontaneously at the graveside of a violin legend, the soloist and conductor Sándor Járóka. The elegiac playing of fellow instrumentalists on that sad day suggested to them the idea of celebrating his life in the form of a full orchestra, and the '100 violins of Budapest' was born. The concert at the Grimaldi Forum in Monaco will be conducted by Sandor Buffó Rigó and Jószef Csócsi Lenvaï, and the orchestra will play a brilliant programme blending traditional Hungarian gypsy music with great classical works by composers including Brahms, de Sarasate, Liszt, Johann Strauss, Rossini and Tchaikovsky.
Read more...]]> http://www.cityoutmonaco.com/monaco-events/articles/budapest-gypsy-symphony-orchestra-monaco Fri, 27 Apr 2012 10:32:29 +0200 http://www.cityoutmonaco.com/monaco-events/articles/budapest-gypsy-symphony-orchestra-monaco info@cityoutmonaco.com (Cityout Monaco) La Note Bleue offers a great programme of live jazz throughout the summer, in a fabulous setting
What: Summer Jazz FestivalWhere: La Note BleueWeb:http://www.lanotebleue.mcContact: +377 93 50 05 02 La Note Bleue offers a great programme of live jazz throughout the summer, in a truly elegant setting Between sky and sea, Anne and Alain Tanzi have come up with the perfect recipe for jazz-lovers from all over the world at La Note Bleue. If Monaco sometimes seems a little parochial, this is the remedy. From Wednesday to Saturday and from 6.30 'round midnight', they're all going to La Note Bleue: jazzmen, beach-bums, and lovers of Chef Paya's special menu. Coming up: see sidebar --- Named in tribute to famous Jazz saxophonist Barney Wilen, La Note Bleue in Monaco's Larvotto district is one of the premier jazz venues in Monaco. It also has its own restaurant, private beach and boutique. At its beating heart is the Lounge Bar, inspired by the architecture and colours of Marrakech, whose combination of olivewood, teak and unbleached cotton provides an atmosphere that's both sensual and cool. The Moroccan theme is continued in the establishment's product line, where you can buy not only branded t-shirts and perfumes, but also hand-crafted products from north Africa. Concerts start at 6.30 from Wednesday to Saturday in a varied programme where everyone can find something to their taste. The atmosphere is perfect as live music drifts out on to the beach itself, while chef Laurent Paya provides a great international menu: his desserts have become classics in Monaco, including the delicious 'pastille Toblerone' - melted chocolate in crispy pastry, and an elegant vanilla and coconut fondant, perfect accompaniment to a summer night's jazz. Scroll to the bottom of this page to see the calendar of events for the coming month
Read more...]]> http://www.cityoutmonaco.com/monaco-events/articles/summer-jazz-la-note-bleue Fri, 27 Apr 2012 10:31:30 +0200 http://www.cityoutmonaco.com/monaco-events/articles/summer-jazz-la-note-bleue info@cityoutmonaco.com (Cityout Monaco) Classics of the motorcycle and motoring worlds to go under the hammer in the second week of May
What: RM Auctions Where: Grimaldi Forum Preview: 10-12 May 2012 Auctions: 11 May and 12 May Admission: €100 (for two persons, inc. catalogue) Web: http://www.rmauctions.com To coincide with the eighth Grand Prix de Monaco Historique, RM Auctions are once again holding an auction of some of the world's most desirable motor vehicles.  Aimed at the serious collector and discerning enthusiast, the first auction on 11 May will be devoted to the Saltarelli Ducati Collection, one of the largest private collections of Ducati motorcycles ever to be offered at auction. Notable lots include two Ducati Desmosedici GP machines: a GP10 raced by Casey Stoner and a GP11 raced by Valentino Rossi. Peter Wallman of RM Auctions (Europe) is understandably excited: 'This is an exclusive opportunity to offer items that are not normally available to the public... these are very unique pieces of Ducati history.'1948 Ferrari 166 Inter Spider Corsa The second auction, on 12 May, will concentrate on motor cars, with several classic sports cars including the 1948 Ferrari 166 Spider Corsa Fontana (chassis 0121, above). The sixth 166 Spider Corsa built, it is one of the most raced Ferraris in existence. It was entered in two Mille Miglias and two Targa Florios, and driven by such luminaries as Bracco, Maglioli, Frolian Gonzales and the Marzotto brothers. Now fully restored, it is expected to fetch between €1,100,000 and €1,800,000. Other noteworthy cars include a 1974 Ferrari 308 GT4/LM (chassis 08020), specially designed to compete in that year's Le Mans 24 Hrs race, and now estimated at between €580,000 and €680,000. Also on offer will be a 1968 Alfa Romeo Tipo 33/2 Daytona (chassis 75033-029), and a 1969 Alfa Romeo Tipo 33/3 (chassis 10580-023). With its 3-litre V8 engine capable of in excess of 420bhp, this car has an extensive competition history and is expected to go for offers over €600,000. Another Le Mans participant, the 1950 Talbot-Lago T26 GS (chassis 110057) is widely considered one of the most beautiful of all postwar racing cars. It also participated in the 1952 Monaco Grand Prix and has an estimate of €1,150,000 to €1,500,000. Another French marque, the 1978 Rondeau M378 (chassis M378-001) is the unrivalled veteran of no less than nine Le Mans 24 Hour races,  and is scheduled to take part in the Le Mans Classic in 2012. Its expected price tag is between €610,000 and €760,000. Additional highlights include: • a rare 1958 Alfa Romeo Giulietta Sprint Veloce Zagato (Est. €380,000 to €420,000); • a 1971 Ferrari 365 GTS/4 Daytona Spider, one of just 25 (Est. €800,000 - €1,000,000); • a handsomely-restored, left-hand-drive 1965 Aston Martin DB5 (Est. €240,000 - €280,000); and • a 1976 Lancia Stratos Stradale with just 43,000 kilometres on the clock (Est. €250,000 - €300,000). Admission Information Admission to this event requires the purchase of an official auction catalogue for €100. The catalogue admits two and must be presented at the entrance to the sale to be granted entry.  Programme Thursday 10 May 10am to 7pm:PreviewFriday 11 May 10am to 1pm: Preview 1pm to 8pm: Auction I: Saltarelli Ducati Collection (lots 101 to 202)Saturday 12 May 10am to 2pm: Preview 2pm to 8pm: Auction II: Motor cars (lots 303 to 396)Admission Admission to this event requires the purchase of an official auction catalogue for €100. The catalogue admits two and must be presented at the entrance to the sale to be granted entry.
Read more...]]> http://www.cityoutmonaco.com/monaco-events/articles/rm-auctions-monaco-2012 Fri, 27 Apr 2012 10:29:28 +0200 http://www.cityoutmonaco.com/monaco-events/articles/rm-auctions-monaco-2012 info@cityoutmonaco.com (Cityout Monaco) Suzanne Held's exhibition continues in Nice until May
Four years ago, the Grimaldi Forum in Monaco mounted a major exhibition of the work of photographer Suzanne Held. She has spent the last thirty years as a special correspondent, travelling the world and producing extraordinary and beautiful photographic collections of some of the most exotic places on earth. And now, visitors to Nice's Asiatic Arts Museum have the chance to share her vision of India in a new exhibition which runs till May. Ever the adventurer, Held was the first journalist to cross the 5000m-high Tibetan plateaux into Nepal when the border was first opened, and with the aid of the army she covered the discovery of the great Lost City archaeological site in Columbia, the first European to do so. She has published some thirty pictorial albums, including volumes on Vietnam, China, India, Nepal, Myanmar, Angkor, Thailand, Java, Bali, Syria, Lebanon, Jordan, Iran, Sri Lanka, Rajasthan and Japan, as well as the books 'Sur les routes de la soie' (On the Silk Route) and 'Himalaya - Monastères et fêtes bouddhiques' (Buddhist Monasteries and Festivals of the Himalayas) published by Gallimard. An expert on Asia, Suzanne Held has visited India over forty times and travelled its length and breadth, and the current exhibition in Nice, which runs till May 2010, is the product of those journeys. Revealed in all its squalor and splendour, her pictures show the vibrancy of a culture which had clearly captivated her - one in which the sacred and profane mingle in streets and landscapes filled with colour and rhythm. Fom the temple of the Sun at Korarak and camel racing across the lunar landscape of Pushkar in Rajisthan, from the floating dwellings of Kashmir to the lofty Taj Mahal, Held's pictures enable the visitor to this exhibition to imagine, for a transient moment, that they have been transported by magic carpet to the land of the lotus itself.  
Read more...]]> http://www.cityoutmonaco.com/monaco-culture/articles/beautyindia Fri, 27 Apr 2012 09:33:41 +0200 http://www.cityoutmonaco.com/monaco-culture/articles/beautyindia info@cityoutmonaco.com (Cityout Monaco) The Théâtre des Variétés is one of Monaco's principal venues, with an exciting year-round programme
What: Théâtre des Variétés Where: 1 boulevard Albert Ier Contact:+377 93 25 67 83; +377 98 98 82 74 E-mail:tvarietes@gouv.mc The theatre is one of principal venues for the Philharmonic Orchestra of Monte-Carlo, whose popular Wednesday lunchtime concerts take place here. The theatre also screens a number of art-house movies on Tuesday evenings, and every four years plays host to the Theatre World Cup festival (Mondial du Theatre), the next edition of which takes place in 2013.  Coming up   Saturday 5 May10am to 1pm and 2pm to 6pm 7th International Competition of Modern Jazz Dance Sunday 6 May10am to 1pm and 2pm to 6pm7th International Competition of Modern Jazz Dance Tickets: +33 6 81 52 56 37 -- - Getting there 43.7338177|7.4215824||1 Boulevard Albert 1er, 98000 Monacofrom Nice: Enter Monaco using the "Basse Corniche", then head towards the port and the casino via the tunnel under the Rocher. As you exit the tunnel, turn left into the Condamine Car Park before reaching the port: the theatre is at the bottom of the slope. from Menton: Enter Monaco centre using the expressway, exit rue Grimaldi and continue until Place d’Armes. Turn left immediately after the traffic lights and head towards the Port. Before reaching the port, turn left into the Condamine Car Park: the theatre is at the bottom of the slope. Please note : You cannot access the theatre by car from the car park: you need to drive along the port and come back via rue Grimaldi. But it is possible to reach the theatre from the car park by using the lift. Car park under 24 hr surveillance. Reduced evening rates from 7 p.m. onwards.
Read more...]]> http://www.cityoutmonaco.com/monaco-culture/articles/theatre-des-varietes Fri, 27 Apr 2012 09:17:44 +0200 http://www.cityoutmonaco.com/monaco-culture/articles/theatre-des-varietes info@cityoutmonaco.com (Cityout Monaco) from Churchill Capital - 27 April 2012
This page is sponsored by Churchill CapitalUS DJIA +113.90 (+0.87%), S&P 500 +9.29 (+0.67%), NASDAQ +20.98 (+0.69%) U.S. stocks rose today after pending home sales climbed 4.1% and technology companies reported better than expected earnings.  Markets began the session lower after initial jobless claims came in at 388,000 vs. 375,000 expected; early losses reversed after the National Association of Realtors reported pending home sales rose to the highest level in two-years.  In commodities oil hit a 3-week high of $104.55/bbl, gold jumped 1% to $1,658.50 per ounce and natural gas fell 1.55% to $2.036 per million British thermal units. Sector wise Telecom (+1.65%) and Consumer Services (+1.24%) led the way, while Health Care (-0.10%) and Materials (-0.11%) underperformed. Asia NKY -0.58%, HSI +0.30%, ASX -0.21% Choppy day on low turnover.  Most macro data centred around Japan, which earlier recorded Industrial Production for March that missed (13.9% vs. 15.6% YoY) and employment figures that met (March Jobless Rate 4.5% vs. 4.5%).  Later, the Bank of Japan announced an expansion to its asset purchases program by 10 trillion yen in a sign that growth concern continues to persist. Best sectors were IT and Utilities while Energy and Materials orientated stocks lagged on commodity weakness (June WTI Crude -0.51%, $104.02/bbl).Europe Stock News GSK LN - Glaxo’s Benlysta Fails to Win U.K. Health-Cost Agency Backing BARC LN - Barclays Chairman to Apologize Over Handling of Pay: Telegraph EMG LN - Man Group Investors Seek Fast Turnaround or CEO’s Ouster: FT NOVN - Novartis Wins Afinitor Approval for Non-Cancerous Kidney Tumors XTA LN - Xstrata Seeks Sale of Its 75% Stake in Donkin Coal Project AH NA - Ahold Agrees to Transfer 82 Stores From Jumbo for EU290m DB1 GY - Deutsche Boerse May Pay Special Dividend EU1-Shr SK FP - Groupe SEB 1Q Oper Result EU78m vs EU92m Y/y AREVA FP - Areva 1Q Sales Up 2.4% Y/y; Order Backlog Up 3.7% Y/y EN FP - Bouygues CEO Says Conditions Not Met for Listing Telecom Unit NHY NO - Norsk Hydro 1Q Net Beats, Sales Miss; Impacted by ‘Weak’ Markets BAS GY - BASF Profit Beats Estimates on Car-Parts Demand, Oil and Gas RHM GY - Rheinmetall 1Q Rev. Beats Est; Ebit Misses; IPO Remains Option DAI GY - Daimler 1Q Rev., Ebit Beat Ests., Confirms Forecast NOVOB DC - Novo Nordisk’s First-Quarter Net Climbs 15% on Victoza Sales GALP PL - Galp Says First-Quarter Profit Rises 17% to 50 Million EurosEconomic Figures Time Event Survey Prior 08:00 GE GfK Consumer Confidence Survey 5.9 5.9 08:00 GE Import Price Index (MoM) 0.90% 1.00% 08:00 GE Import Price Index (YoY) 3.30% 3.50% 08:45 FR Producer Prices (MoM) 0.60% 0.80% 08:45 FR Producer Prices (YoY) 4.00% 4.30% 08:45 FR Consumer Spending (MoM) -1.90% 3.00% 08:45 FR Consumer Spending (YoY) -0.20% 0.50% 10:00 IT Retail Sales s.a. (MoM) -0.20% 0.70% 10:00 IT Retail Sales (YoY) -1.90% -0.80% 14:30 US Employment Cost Index 0.50% 0.40% 14:30 US GDP QoQ (Annualized) 2.50% 3.00% 14:30 US Personal Consumption 2.30% 2.10% 14:30 US GDP Price Index 2.10% 0.90% 14:30 US Core PCE QoQ 2.10% 1.30% 15:55 US U. of Michigan Confidence 75.7 75.7 Company Figures Ticker Time Actual Estimate Event Description POP SM Bef-mkt 0.048 Q1 2012 Earnings Release REE SM Bef-mkt 0.95 Q1 2012 Earnings Release NOVOB DC Bef-mkt 8.497 Q1 2012 Earnings Release NOBN VX 06:45 0.111 0.102 Q1 2012 Earnings Release SOW GR 07:00 0.412 0.423 Q1 2012 Earnings Release BAS GR 07:00 1.877 1.699 Q1 2012 Earnings Release USG NA 07:00 0.072 0.074 Q1 2012 Earnings Release NHY NO 07:00 0.245 0.205 Q1 2012 Earnings Release ORI SS 07:15 0.605 0.533 Q1 2012 Earnings Release SAN FP 07:30 1.662 Q1 2012 Earnings Release RHM GR 07:30 0.97 Q1 2012 Earnings Release DAI GR 07:30 1.162 Q1 2012 Earnings Release DNB NO 07:30 1.623 Q1 2012 Earnings Release BETSB SS 07:30 3.642 Q1 2012 Earnings Release ELI1V FH 07:30 0.294 Q1 2012 Earnings Release ENI IM 07:45 0.623 Q1 2012 Earnings Release AGS LN 08:00 Q1 2012 Sales and Revenue Rel OUT1V FH 08:00 -0.001 Q1 2012 Earnings Release DSV DC 08:00 1.85 Q1 2012 Earnings Release FP FP 08:00 1.356 Q1 2012 Earnings Release SAND SS 08:00 1.7 Q1 2012 Earnings Release SSABA SS 08:00 0.714 Q1 2012 Earnings Release YAR NO 08:00 8.763 Q1 2012 Earnings Release GALP PL 09:00 0.063 Q1 2012 Earnings Release ATCOA SS 11:00 2.619 Q1 2012 Earnings Release ALV US 12:00 1.612 Q1 2012 Earnings Release COV US 12:00 1.031 Q2 2012 Earnings Release PIA IM Q1 2012 Earnings Release ATEA NO 6.695 Y 2012 Earnings Release VIS SM Q1 2012 Earnings Release ACX SM 0.127 Q1 2012 Earnings Release EDN IM -0.01 Q1 2012 Earnings Release AZEM LN Q1 2012 Sales and Revenue Rel WPP LN Q1 2012 Sales and Revenue Rel BUCN SW Q1 2012 Sales and Revenue Rel
Read more...]]> http://www.cityoutmonaco.com/monaco-financial/articles/churchill-capital-daily-trader-20120427 Fri, 27 Apr 2012 09:05:32 +0200 http://www.cityoutmonaco.com/monaco-financial/articles/churchill-capital-daily-trader-20120427 info@cityoutmonaco.com (Cityout Monaco) from Churchill Capital - 26 April 2012
This page is sponsored by Churchill CapitalUS DJIA +89.16 (+0.69%), S&P 500 +18.72 (+1.36%), NASDAQ +68.03 (+2.30%) U.S. stocks rose today as the FED voted to keep interest rates unchanged, while also forecasting further declines in employment.  The FED projected that the unemployment rate would average 7.8% to 8.0% through the end of the year and that the economy should expand at a 2.4% to 2.9% rate.  In commodities oil rose 55bps to $104.12/bbl, gold fell $1.60 to $1,641.90 per ounce and natural gas rose 5.27%; the most in 3-weeks to close at $2.079 per million British thermal units. All ten S&P sectors were up on the session with Tech (+3.31%), Materials (+2.26%) and Consumer Services (+1.27%) leading the way. Asia ASX +0.24%, NKY -0.29%: HSI +0.26% (at time of writing) In HK, a reported  15% discount on mortgage rates to be offered to some buyers in major cities saw property names outperform the HSI and Asian Region. Australian market underperforming the region as it re-opens after yesterdays holiday.  Seven West Media (SWM AU) trades -20%, dragging the media sector to the worst performing today. The Nikkei continues a gradual downward trend, giving up the mornings gains. New Zealand’s official cash rate kept at 2.50%, saw a flat mkt there. WTI June Crude -0.05% @ 104.45/bbl and spot gold -0.10% @ $1641.00/oz.Europe Stock News BAYN GY - Bayer Confirms Forecast, Is ‘Increasingly Confident’ for 2012 LOGN VX - Logitech Reports 4Q Net Income of $28m, Beating $12.4m Estimate DBK GY - Deutsche Bank First-Quarter Profit Drops as Crisis Curbs Trading TEC FP - Technip First Quarter Net Income Rises 7.6% On Strong Orders ALU FP - Alcatel 1Q Op. Loss Wider Than Ests., Reiterates FY Guidance VOLVB SS - Volvo 1Q Sales, Net Beat Est.; Raises European Truck Mkt Outlook BOS GY - Hugo Boss 1Q Sales, Net Beat Est., Confirms 2012 Outlook OR FP - L’Oreal to Buy Cadum for EU200 Million, Le Figaro Says GEBN VX - Geberit 1Q Sales, Ebit Beat; Sees Solid 2012 Results REP SM - Argentine Senate Approves Bill to Take Over YPF ABE SM - Abertis Buys Back 5.3% Stake From ACS as Step Toward OHL DealEconomic Figures Time Event Survey Prior 10:00 IT Business Confidence 92.1 92.1 10:30 UK BBA Loans for House Purchase 34000 33103 11:00 EC Business Climate Indicator -0.3 -0.3 11:00 EC Euro-Zone Consumer Confidence -19.8 -19.8 11:00 EC Euro-Zone Economic Confidence 94.2 94.4 11:00 EC Euro-Zone Indust. Confidence -7 -7.2 11:00 EC Euro-zone Services Confidence -0.5 -0.3 12:00 UK CBI Reported Sales -4 0 14:00 GE Consumer Price Index (MoM) 0.10% 0.30% 14:00 GE Consumer Price Index (YoY) 2.00% 2.10% 14:00 GE CPI - EU Harmonised (MoM) 0.10% 0.40% 14:00 GE CPI - EU Harmonised (YoY) 2.20% 2.30% 14:30 US Initial Jobless Claims 375K 386K 14:30 US Continuing Claims 3293K 3297K 16:00 US Pending Home Sales MoM 1.00% -0.50% 16:00 US Pending Home Sales YoY 7.30% 13.90% 17:00 US Kansas City Fed Manf. Activity 7 9 Company Figures Ticker Time Actual Estimate Event Description LOGN VX 04:00 0.409 0.498 Y 2012 Earnings Release RAND NA Bef-mkt 0.357 Q1 2012 Earnings Release SAN SM Bef-mkt 0.17 Q1 2012 Earnings Release DBK GR Bef-mkt 1.782 1.723 Q1 2012 Earnings Release BME SM Bef-mkt 0.4 Q1 2012 Earnings Release ELN ID Bef-mkt 0.023 Q1 2012 Earnings Release NK FP 06:31 0.899 Q1 2012 Earnings Release MOBB BB 07:00 0.734 0.86 Q1 2012 Earnings Release GEBN VX 07:00 2.9 2.59 Q1 2012 Earnings Release SHBA SS 07:00 5.362 5.188 Q1 2012 Earnings Release DSY FP 07:00 0.718 0.693 Q1 2012 Earnings Release UCB BB 07:00 Q1 2012 Sales and Revenue Rel TEC FP 07:00 0.94 0.993 Q1 2012 Earnings Release RHK GR 07:00 0.24 0.236 Q1 2012 Earnings Release STMN SW 07:00 Q1 2012 Sales and Revenue Rel ALU FP 07:05 0.347 -0.059 Q1 2012 Earnings Release BOS GR 07:30 1.348 Q1 2012 Earnings Release AIXA GR 07:30 -0.055 Q1 2012 Earnings Release BAYN GR 07:30 1.482 Q1 2012 Earnings Release RI FP 07:30 Q3 2012 Sales and Revenue Rel VOLVB SS 07:30 1.98 1.775 Q1 2012 Earnings Release ULVR LN 08:00 0.36 Q1 2012 Earnings Release ULVR LN 08:00 Q1 2012 Sales and Revenue Rel ELM LN 08:00 Q1 2012 Sales and Revenue Rel BARC LN 08:00 Q1 2012 Sales and Revenue Rel UNA NA 08:00 Q1 2012 Sales and Revenue Rel FUM1V FH 08:00 0.522 Q1 2012 Earnings Release AZN LN 08:00 1.77 Q1 2012 Earnings Release ASC LN 08:00 Q4 2012 Sales and Revenue Rel RDSA LN 08:00 1.095 Q1 2012 Earnings Release HUSQB SS 08:00 1.069 Q1 2012 Earnings Release KESBV FH 08:00 0.28 Q1 2012 Earnings Release SGRO LN 08:00 Q1 2012 Sales and Revenue Rel OTE1V FH 08:00 0.464 Q1 2012 Earnings Release BARC LN 08:00 0.097 Q1 2012 Earnings Release NES1V FH 08:00 0.145 Q1 2012 Earnings Release WTB LN 08:00 1.317 Y 2012 Earnings Release JMT PL 08:15 0.145 Q1 2012 Earnings Release UPM1V FH 08:30 0.125 Q1 2012 Earnings Release SAB SM 08:30 0.035 Q1 2012 Earnings Release NAS NO 08:30 -7.742 Q1 2012 Earnings Release GTO FP Bef-mkt Q1 2012 Sales and Revenue Rel MEO1V FH 11:00 0.596 Q1 2012 Earnings Release COLOB DC 12:00 12.073 Q2 2012 Earnings Release TYC US 12:00 0.79 Q2 2012 Earnings Release SHP LN 13:00 0.501 Q1 2012 Earnings Release SK FP 17:40 Q1 2012 Sales and Revenue Rel AREVA FP 17:45 Q1 2012 Sales and Revenue Rel DB1 GR Aft-mkt 1.05 Q1 2012 Earnings Release FER SM Aft-mkt 0.02 Q1 2012 Earnings Release VPRT US 22:05 0.24 Q3 2012 Earnings Release F IM 0.102 Q1 2012 Earnings Release VOW GR 4.45 Q1 2012 Earnings Release ATEA NO 1.107 Q1 2012 Earnings Release JM SS 2.637 Q1 2012 Earnings Release PRA GR -0.595 Q1 2012 Earnings Release VIS SM Q1 2012 Earnings Release TEN IM 0.318 Q1 2012 Earnings Release WSH US Aft-mkt 1.261 Q1 2012 Earnings Release NXPI US Aft-mkt 0.179 Q1 2012 Earnings Release DG FP Q1 2012 Sales and Revenue Rel ERA FP Q1 2012 Sales and Revenue Rel KAZ LN Q1 2012 Sales and Revenue Rel SAF FP Q1 2012 Sales and Revenue Rel YNDX US 4.356 Q1 2012 Earnings Release UL FP Q1 2012 Sales and Revenue Rel ADM LN Q1 2012 Sales and Revenue Rel MGGT LN Q1 2012 Sales and Revenue Rel TW/ LN Q1 2012 Sales and Revenue Rel BATS LN Q1 2012 Sales and Revenue Rel COB LN Q1 2012 Sales and Revenue Rel TCH FP Q1 2012 Sales and Revenue Rel
Read more...]]> http://www.cityoutmonaco.com/monaco-financial/articles/churchill-capital-daily-trader-20120426 Thu, 26 Apr 2012 10:10:55 +0200 http://www.cityoutmonaco.com/monaco-financial/articles/churchill-capital-daily-trader-20120426 info@cityoutmonaco.com (Cityout Monaco) from Churchill Capital - 25 April 2012
This page is sponsored by Churchill CapitalUS DJIA +74.39 (+0.58%), S&P 500 +5.03 (+0.37%), NASDAQ -8.85 (-0.30%) U.S. stocks rallied today as companies from 3M to AT&T released better than expected earnings and housing data gave indications that the market is stabilizing.  New home sales came in at a 328,000 annual rate vs. 319,000 expected and home prices in 20 U.S. cities fell 3.5% from a year ago, the smallest drop 12-month drop since February 2011.  10-year Treasury yields rose 3bps to 1.96%, the Euro gained 47bps to 1.3198 and crude futures rose 39bps to close at $103.50/bbl.   Sector wise Telecom (+2.79%), Financials (+1.09%) and Industrials (+1.03%) lead the way, while Consumer Services (-0.42%) and Tech (-0.67%) underperformed  Asia ASX {closed}; NKY +1.07%: HSI +0.08% Asian markets quieter with the absence of Australian trade due to holiday for remembrance of ANZAC’s. Little economic news in the regions, although Japan machine orders expected post Japan close. Apple reported earnings post US close that nearly doubled previous quarters, helping the Japanese tech sector outperform the market. Other talking points today include HK Tobacco producer, Huabao (336 HK), which went into trading halt today, after plunging yesterday as a short sellers report was released.  WTI June Crude +0.08% @ 104.04/bbl and spot gold +0.68% @ $1643.00/ozEurope Stock News DB1 GY - Deutsche Boerse Unit to Join ECB-Backed Settlement System: FT ASM NA - ASM International 1Q Sales EU311m, Est. EU321m, profits decline SREN VX - Swiss Re Said in Talks to Buy GAN Eurocourtage: Reuters KPN NA - KPN Said to Hire JPM to Sell Belgian Unit BASE: Dow Jones RBS LN - RBS Plans Reverse Stock Split, Submits for AGM Vote in May REP SM - Repsol ‘Will Do Whatever It Takes’ for Investment Grade Rating LLOY LN - Lloyds Starts Selling Irish Property Loans: FT FR FP - Valeo 1Q Sales Rise 14% to EU3.03b; Reiterates FY Outlook TEMN SW - Temenos Confirms Full-Year Outlook, Quarterly Sales of $100.3M CSGN VX - Credit Suisse 1Q Net SF44m vs Est. Loss SF297.9m SIE GY - Siemens Cuts Full-Year Profit Forecast on Wind Power Charges ERICB SS - *ERICSSON 1Q NET SK8.95B VS SK4.1B        BBVA SM -  BBVA 1Q NET EU1 BLN; ANALYST ESTIMATE EU936.7 MLN UG FP - Peugeot 1Q Sales Fall 7% to EU14.3b; Sees ‘Difficult’ Mkt in 1H SAP GY - SAP 1Q Net Misses Est.; Says Confident Will Meet 2Q, FY TargetsEconomic Figures Time Event Survey Prior 07:00 JN Small Business Confidence - - 48.7 08:00 JN Machine Tool Orders (YoY) - - 2.40% 10:30 UK GDP (QoQ) 0.10% -0.30% 10:30 UK GDP (YoY) 0.30% 0.50% 10:30 UK Index of Services (MoM) 0.20% 0.20% 10:30 UK Index of Services (3mth/3mth) 0.50% 0.30% 12:00 UK CBI Trends Total Orders -6 -8 12:00 UK CBI Trends Selling Prices 26 24 12:00 UK CBI Business Optimism -18 -25 13:00 US MBA Mortgage Applications - - 6.90% 14:30 US Durable Goods Orders -1.70% 2.20% 14:30 US Durables Ex Transportation 0.50% 1.60% 14:30 US Cap Goods Orders Nondef Ex Air 1.00% 1.20% 14:30 US Cap Goods Ship Nondef Ex Air 1.40% 1.40% 15:00 CA Teranet/National Bank HP Index - - 149.02 18:30 US FOMC Rate Decision 0.25% 0.25% Company Figures Comp/Tckr Time Estimate Event Description ASM NA 00:00 0.268 Q1 2012 Earnings Release SAP GR Bef-mkt 0.512 Q1 2012 Earnings Release ABBN VX 06:00 0.322 Q1 2012 Earnings Release CSGN VX 06:45 0.816 Q1 2012 Earnings Release REC NO 07:00 -0.014 Q1 2012 Earnings Release IJ SS 07:00 1.485 Q1 2012 Earnings Release SWEDA SS 07:00 2.678 Q1 2012 Earnings Release AI FP 07:20 Q1 2012 Sales and Revenue Release SFR NO 07:30 1.985 Q1 2012 Earnings Release ERICB SS 07:30 0.585 Q1 2012 Earnings Release ELUXB SS 08:00 1.873 Q1 2012 Earnings Release PFD LN 08:00 Q1 2012 Sales and Revenue Release SMDS LN 08:00 Q4 2012 Sales and Revenue Release - BB FP 08:00 Q1 2012 Earnings Release KCR1V FH 08:00 0.249 Q1 2012 Earnings Release NZYMB DC 08:00 1.565 Q1 2012 Earnings Release TALV LN 08:00 -0.005 Q1 2012 Earnings Release SL/ LN 08:30 Q1 2012 Sales and Revenue Release TX US Bef-mkt 0.87 Q1 2012 Earnings Release VPK NA Bef-mkt Q1 2012 Sales and Revenue Release - ST US Bef-mkt 0.483 Q1 2012 Earnings Release TEL US 12:00 0.656 Q2 2012 Earnings Release GSK LN 13:00 0.293 Q1 2012 Earnings Release QGEN US 22:00 0.198 Q1 2012 Earnings Release FI IM 0.105 Q1 2012 Earnings Release SIE GR 1.493 Q2 2012 Earnings Release TOM2 NA 0.044 Q1 2012 Earnings Release TEG GR 0.762 Y 2011 Earnings Release MTX GR 1.033 Q1 2012 Earnings Release PUM GR 5.308 Q1 2012 Earnings Release EBRO SM 0.18 Q1 2012 Earnings Release BBVA SM 0.18 Q1 2012 Earnings Release SL/ LN Q1 2012 Earnings Release FENR LN 0.16 S1 2012 Earnings Release RNO FP Aft-mkt Q1 2012 Sales and Revenue Release LI FP Aft-mkt Q1 2012 Sales and Revenue Release UBM LN Q1 2012 Sales and Revenue Release - CNH US 0.74 Q1 2012 Earnings Release NEX FP Q1 2012 Sales and Revenue Release MX US 0.136 Q1 2012 Earnings Release ATO FP Q1 2012 Sales and Revenue Release UG FP Q1 2012 Sales and Revenue Release NYR BB Q1 2012 Sales and Revenue Release BAR BB Trading Update PP FP Q1 2012 Sales and Revenue Release
Read more...]]> http://www.cityoutmonaco.com/monaco-financial/articles/churchill-capital-daily-trader-20120425 Wed, 25 Apr 2012 11:48:54 +0200 http://www.cityoutmonaco.com/monaco-financial/articles/churchill-capital-daily-trader-20120425 info@cityoutmonaco.com (Cityout Monaco) Once the self-evident place to park your millions, tax havens are once more in the firing line
According to a recent report in the New York Times, the world’s tax havens are once again coming under scrutiny as the financial crisis shows little sign of abating. But what exactly is meant by 'tax haven'? Geoffrey Powell, former economic adviser to Jersey, defines the term quite simply as any jurisdiction which provides 'a composite tax structure established deliberately to take advantage of, and exploit, a worldwide demand for opportunities to engage in tax avoidance'. The majority of these arrangements are attractive because they impose little or no corporate tax or personal taxes on payments to offshore companies that are owned and controlled and trade outside of that tax haven. Businesses will often use these companies as a shield to reduce higher rate (and sometimes basic rate) taxes in their own country of residence. The Organization for Economic Cooperation and Development (OECD) began its campaign to clean up international tax discrepancies in 2000, with the publication of a blacklist identifying a number of jurisdictions as 'tax havens' according to its own criteria.  While recognizing a jurisdiction's right to self-determination in the matter of whether to impose direct taxes at all (and if so, at what rate), there were three other considerations which remained troubling - whether there was sufficient transparency; whether there were laws that prevented the effective exchange of tax information with other governments; and whether there was an absence of a requirement that the activity be substantial. Although 31 jurisdictions made formal commitments to implement the OECD’s standards of transparency at the time, a small number, including Monaco, remained on the list of 'uncooperative' havens. However, after these states agreed to adopt international standards, the OECD Committee on Fiscal Affairs removed all names from the blacklist, and currently there are no countries that have refused to cooperate with the OECD. The result of the crackdown on secrecy means that nearly $19 billion in additional taxes has now been collected from more than 100,000 wealthy individuals worldwide, according to the OECD. However, this does not mean that there is no longer any 'black money' held in offshore accounts, and there are renewed pressures on both clients and banks to observe the new regulatory procedures. For example, under new regulations which come fully into effect in June, most world banks and other financial institutions will be required to report to the US tax authorities 'certain information about financial accounts held by US taxpayers, or by foreign entities in which US taxpayers hold a substantial ownership interest'. 'Taxpayers hiding assets offshore who do not come forward will face far higher penalty scenarios as well as the possibility of criminal prosecution,' are the stern words of the US Internal Revenue Service. In the current climate, it may seem to some people outrageous that world governments should be benefitting at the expense of individuals, and indeed the financial institutions themselves, who under the US law noted above are also liable to a 30% withholding tax for refusal to diclose. Others, however, believe that the tightened rules - as well as producing a more honest, legitimate and transparent system - may prompt institutions to channel their resources into simpler and more reliable financial products for a growing global investment market, particularly those from emerging economies.
Read more...]]> http://www.cityoutmonaco.com/monaco-financial/articles/tax-havens-safe-as-you-think Tue, 24 Apr 2012 13:39:31 +0200 http://www.cityoutmonaco.com/monaco-financial/articles/tax-havens-safe-as-you-think info@cityoutmonaco.com (Cityout Monaco) Green awards for cleantech companies and latest innovations in car technologies
The fifth annual CleanEquity conference took place at the end of March in Monaco, offering delegates a sneak preview of the next wave of cleantech technologies and associated commercial opportunities. Among the many companies present were British sports car designers Delta Motorsport, whose team have pioneered the development of carbon emission reduction technology, and Drayson Racing Technologies whose research and develop many of the most dynamic fields of green tech innovation in today's market, including electric drivetrains and renewable fuels.Delta Motor sports: an innovator in the field Presenting companies were joined by a number of illustrious speakers including HSH Prince Albert II, Mungo Park (executive chairman of major partner Innovator Capital) and Gustaf Nobel, nephew of Alfred Nobel and chair of the Nobel Charitable Trust, and Lord Drayson, current President of the Motorsports Industry Association. Prince Albert also presided over a special awards ceremony, which rewarded three companies for their innovation in the field of clean technology. The award for Excellence in the Field of Environmental Technology Research went to ArcActive Limited, a New Zealand company who have developed a new negative electrode for lead acid batteries. The development will enable manufacturers of start/stop or micro-hybrid vehicles to improve fuel economy compared with that of conventional technologies. The award for Excellence in the Field of Environmental Technology Development was won by GreenCom Networks, a German company whose Energy Information Brokerage platform enables distributed energy management for utilities. Tendril, a US Energy Platform company delivering end-to-end consumer engagement products, applications and services, took the award for Excellence in the Field of Environmental Technology Commercialization. Their product, the open-standard Tendril Connect, provides a secure and scalable platform designed to takes much of the complexity out of the 'Energy Internet'.
Read more...]]> http://www.cityoutmonaco.com/monaco-financial/articles/clean-equity-monaco-2012 Tue, 24 Apr 2012 11:37:59 +0200 http://www.cityoutmonaco.com/monaco-financial/articles/clean-equity-monaco-2012 info@cityoutmonaco.com (Cityout Monaco) Golf lovers will delight in a stay at this prestige property, available from July onwards
Property: Bastide du Siraseq Where: Opio, France Bedrooms: five (to sleep 10 people) Rentals: Côte d’Azur Villas   Bastide du Siraseq is a stunningly-designed recent build situated amongst a hectare of olive trees in a calm and quiet terraced landscape close to the village of Opio. Secluded and private, it is only minutes by car from the local village boulangerie and other amenities. The house has southerly views overlooking the golf course and towards the Mediterranean Sea. The local area is a paradise for golfers, and the villa is just a few kilometres from the renowned 18-hole Grande Bastide golf course, and fifteen minutes' drive from the prestigious courses of Royal Mougins and Cannes-Mougins. An international tennis club, riding school and several excellent restaurants are all easily accessible by foot.   Despite its classic Bastide exterior, the property has a contemporary style with large floor-to-ceiling windows opening onto the surrounding terrace. The five bedrooms all have air-conditioning and fitted wardrobes, and overall the villa is equipped to a very high standard, from the heated jacuzzi and salt water pool (13m x 3.6m) to the Italian-made Boffi kitchen. Lighting, heating, entertainment and security are all fully automated, controlled by remote keypads located in each room. There is also a fully equipped laundry room with exterior access to a clothes drying area. To the rear of the living room, accessed by a separate corridor from the main living area, is a large playroom/den with desktop computer, flat screen TV, and comfy sofas ideal for children and teenagers. Outside, the terraces provide a large area with comfortable seating for dining or BBQs; steps lead down a further decked terrace with jacuzzi hot tub for up to six, and to the salt water pool, with terrace and sun loungers. There is plenty of parking space adjacent to the house and below the terraces.
Read more...]]> http://www.cityoutmonaco.com/monaco-property/articles/bastide-du-siraseq Mon, 23 Apr 2012 13:14:19 +0200 http://www.cityoutmonaco.com/monaco-property/articles/bastide-du-siraseq info@cityoutmonaco.com (Cityout Monaco) Street art comes to the museum in this new retrospective of a revolutionary period of history
What: Groupe Signe 1971–1974 Where: Nouveau Musée National de Monaco, Villa Paloma When: 21 April to 17 June 2012 Even before the Soviets rolled their tanks into Prague in late 1968, revolution was in the air. In the US, anti-Vietnam protests were swiftly followed by race riots sparked by the assassination of Martin Luther King; in France, the greatest general strike in history took place, with ten million workers occupying the factories; and in Monaco, artists Claude Rosticher, Roland Marghieri, Michel Cresp and Pierre Lequienn were putting together their manifesto for a new cultural protest movement called 'Groupe Signe'. Between 1971 and 1974, in reaction to what they saw as the twin evils of advertising and social conformity, Groupe Signe organized a number of iconoclastic actions in order to broaden public awareness. Their aim, the re-casting of the world according to a greater poetic vision. Their art expressed itself in the street or other public spaces with pop-up installations in which everyone could take part, and in which everyone had a stake.Works were composed of scrap or recovered materials, and tackled themes linked to daily life and deviations in society.A new exhibition, curated by the Groupe Signe, opens this week at the Villa Paloma, one of the two hubs of the new National Museum of Monaco. Presenting documentation and archive materials from the group's original performances, the event gives an account of their activities in Monaco and environs, as well as in neighbouring France. The hope is to create a platform that will allow an exchange of opinion, hopes and dreams for a better future, however utopian. Schoolchildren will be invited to workshops to build hot air balloons, debates will be organized with students, and the public will be invited to voice their opinions on the exhibition, art and life. 'This retrospective is pertinent', the 140-page bilingual catalogue reminds the visitor, 'because the questions raised forty years ago are unfortunately still relevant today, and because the practice of art remains one of the best solutions' This exhibition has been organized with the support of the Government of the Principality of Monaco, the Association of the Friends of the Museum and UBS. - Villa Paloma, which dates from the early 20th century, is one of the finest patrician residences in the Principality of Monaco. Originally built for private use, it was sold to the state of Monaco in 1995. In 2008 it was donated to the Nouveau Musée National de Monaco, which opened in 2010 under the direction of Marie-Claude Beaud. Since its opening, museum projects have been based in two locations, Villa Sauber (dedicated to performing and decorative arts) and Villa Paloma (showing projects linked to the cultural heritage and landscape analysis.) Participating artists: Jean-Claude Adam, Pierre Blanc, Stanislas Estrangin, Yvette Gournet, François Gross, Patricia Heine, Michel Isnard, Robert Lepine, Serge Macaferri, Yves Popet, Jacques Riousse, Gérard Serre, Vidéo Group 6
Read more...]]> http://www.cityoutmonaco.com/monaco-culture/articles/groupe-signe Mon, 23 Apr 2012 13:13:58 +0200 http://www.cityoutmonaco.com/monaco-culture/articles/groupe-signe info@cityoutmonaco.com (Photos by Naneen Rossi) International perfumier and fashion designer Otto Kern talks about what makes Monaco special
Otto Kern is an international fashion and accessories designer living in Monaco. We asked him how he first became interested in the world of fashion, and what he loves about living in Monaco. My mother owned a shirt factory employing about 300-400 people. When I was 19 I had the idea of producing very slim-cut shirts for men using special prints and materials which were previously only used in womenswear and more specifically women's dresses. I was the first person to use these fabrics and designs for men's shirts. In fact in Germany I became known as the King of Shirts! In my youth, I played drums and trumpet in the evenings - in fact it was money from gigs that financed my first fashion expo in Cologne in 1970. On the next stand to me was a small company called Hugo Boss, who at that time only made suits, so I ended up making shirts for Hugo Boss for several years. I later developed the product to include suits and ties and then eventually perfumes. Later I sold the company in order to focus on Fragrances, but still act as a consultant to the Otto Kern brand. Apart from your day-to-day business, if you had to choose a different occupation from your multitude of interests, what would it be? Well, I love to cook, and I'm passionate about art as well as music. I can't imagine life without any of these things - it's like asking someone with three children to choose their favourite - it isn't possible, I love them all so much! I'm also passionate about interior and exterior design which is now my main activity as well as my creative work for my perfumes.  I've also owned an F3 team and driven sports cars; and I love my tennis, so the Monaco Country Club is one of my top three places to spend my time. The others are the Rampoldi Restaurant and of course the Opera Garnier - I am a member of the 'Friends of the Opera', and attend whenever I can. I’ve lived in Monaco for 13 years and in France for many years before that. I feel totally at home in France and am totally integrated in the French lifestyle. In fact when I am in Germany I feel very French/Monegasque, more so than German. The way of life in France has always suited me, in Germany it's all about work work work!Recently, you celebrated the 40th anniversary of your business. What’s been the secret of your success? I never compete with others, there are lots of bigger brands and lots of smaller ones, I’ve never compared myself to them but just done my own thing- and the brand has become bigger and bigger. As for myself, in all that time I haven't changed a bit- still young at heart and crazy as ever! You're a well-known figure in the social life of Monaco, and you appeared in ‘Faces of Monaco’, the book published in 2009 about the Principality. Yes, I’m very engaged on the Monaco social scene and also in several charities. ‘Faces of Monaco’ is something very close to my heart because it raised money for the Special Olympics. I still actively promote this cause here and in Germany, and organise fundraising events in Monaco. For instance, the world championship football contest for mentally disabled participants is here in Monaco and I take care of the German participants during this event. As a Monaco resident it’s extremely important for me to support Monaco charities. If you have the privilege of living in Monaco you can never forget those less fortunate than yourself.
Read more...]]> http://www.cityoutmonaco.com/monaco-style/articles/people-who-make-monaco-otto-kern Mon, 23 Apr 2012 13:12:55 +0200 http://www.cityoutmonaco.com/monaco-style/articles/people-who-make-monaco-otto-kern info@cityoutmonaco.com (Cityout Monaco) The current exhibition at Monaco's Villa Sauber reveals an intimate glimpse of the real Grace Kelly
What: 'Princess Grace:  More Than an Image' Where: Nouveau Musée National de Monaco, Villa Sauber When: Daily until Sunday 20 May Admission: €6 (free for under-26s) The word celebrity tends to conjure up a vision of catwalks, elegant gowns and wedding dresses rather than homely knitwear, but Pringle of Scotland, one of the world's best known brands, is determined to change that impression with their sponsorship of the current exhibition at Monaco's new National Museum on Avenue Princesse Grace. The Villa Sauber is hosting a fascinating display based on the archives of the princess's personal wardrobe, focusing especially on the clothes she wore during her Hollywood career.  With historical research and reconstruction undertaken by students from Central Saint Martins art school in London, 'Princess Grace:  More Than an Image' presents an intimate portrait of the princess from an entirely new angle. Even as a princess, it was Grace Kelly's way to be happy with herself rather than any special image of herself, a point well made in the January 1955 article in Time magazine: 'Almost every morning, a slim figure in a polo coat, leading a small black poodle on a leash, emerges from one of Manhattan's cliff houses on East 66th Street. The doorman gives her a cheery "Good Morning, Miss Kelly." But outside, no head turns. For in her low-heeled shoes and horn-rimmed spectacles, actress Grace Kelly is all but indistinguishable from any other well-scrubbed young woman" In the same article, she is defiant about not courting the world of the paparazzi: "I think it's nobody's business what I wear to bed... A person has to keep something to herself, or your life is just a layout in a magazine.' Finally, she reveals her annoyance that her movie Green Fire was advertised using her face applied to a bosomy green-gowned torso not her own. "I don't want to dress up a picture with just my face," she said, "If anybody starts using me as scenery, I'll do something about it." It is this quotation which gave the organizers the idea of discovering the person behind the image, the central theme of the whole project, which also includes recreations of archive pieces by students of the St Martins MA Fashion course. The exhibition, which ends on 20 May, is a prelude to the launch of a capsule knitwear collection, inspired by the exhibition, to be be designed by BA Fashion Design students. This will be on show in the same location from September 2012.
Read more...]]> http://www.cityoutmonaco.com/monaco-style/articles/princess-grace-more-than-an-image Mon, 23 Apr 2012 13:12:12 +0200 http://www.cityoutmonaco.com/monaco-style/articles/princess-grace-more-than-an-image info@cityoutmonaco.com (Cityout Monaco) Luxury supercars, boats and watches: the prestigious Top Marques continues in Monaco till Sunday
What: Top Marques Monaco 2012 Where: Grimaldi ForumWhen: 19-22 April 2012Tickets: €50(4yo-12yo €25, under-4s free), including catalogue Bookings: +377 99 99 30 00 or onlineThe show dates and times are as follows:    Thursday 19 April, 2012   10.30am - 8.00pm    Entrance    €50Friday 20 April 2012   10.30am - 8.00pm    Entrance    €50Saturday 21 April 2012   10.30am - 9.30pm    Entrance    €50Sunday 22 April 2012   10.30am - 8.00pm    Entrance    €50   Top Marques Monaco - the live automobile show which uniquely brings together the world's rarest classics alongside the latest designs in cutting-edge performance - takes place once more at the Grimaldi Forum from 19 to 22 April 2012. Here at CityOut we're excited and delighted to announce once more our media partnership with the event.Top Marques is not just any other motor-show; it's a live event, a notable opportunity to watch and test drive the latest and greatest of the world's supercars. Exhibitors this year will include Fisker, GTA Motor, Hamann, Jaguar, Koenigsegg, Pagani, Roding Automobile, Savage, Shelby SuperCars and Gemballa (who last year chose Top Marques to premiere their new Mistrale and Tornado models). But the show isn't confined to the land: the Grimaldi Forum's location also makes it the perfect venue to take in the equivalent classics of air and sea. Among the superboats appearing at Top Marques Monaco 2012 will be Continental, Brita Marine, EAMS, Hunton, Spire Boat and VanDutch. And of course the whole gamut of accessories - watches and associated decorative arts - will be here too. Top Marques Watches will feature the world’s most prestigious haute horlogerie brands, including Cvstos, Franck Muller, Pequignet, Rebellion, Roger Dubuis, Backes & Strauss and Fabergé. It's hard to imagine this prestigious motor show taking place without the support of the glittering world of Monégasque style and fashion, or the support of HSH Prince Albert, who will officially open the event. As well as being a motor enthusiast, his well-known environmental concerns are always highlighted at this top motor show. For the last eight years, Top Marques has worked with the charity Monaco Aide et Presence to bring much-needed relief to victims throughout the world.  In the past, a quarter of the revenue from the show has supported local and international initiatives in Grasse, Gaza, Haiti and India by supplying ambulances and other aid vehicles. List of exhibitorsCARS EXHIBITORS: APOLLO VREDESTEIN BV, AVINTON, BRITISH MOTORS/JAGUAR-ASTON MARTIN, BENTLEY, DARTZ, DELAVILLA, DK MOTORRAD, DMC, ENCO EXCLUSIVE, EXCLUSIVE COVERING, EXCLUSIVE CAR CENTER, FERRARI, FISKER, GEMBALLA, GREBERS AUTO, GTA MOTOR, HAMANN, JE DESIGN, KOENIGSEGG, LAMBORGHINI, LEXUS, LITO GREEN MOTION, LOTUS, M55 BIKE, MANSORY, MCLAREN, MERDAD COLLECTION, MERCEDES, MONACO LUXURY GROUP, MS DESIGN, MOTOREN-TECHNIK-MAYER, NOBLE AUTOMOTIVE, PACE/INSIDERCARS, PAGANI AUTOMOBILI, RODING AUTOMOBILE, ROLLS ROYCE, SAVAGE RIVALE (BEWERP), SICT-LA CLE, SOLEIL MOTORS, TUSHEK SUPERCARS, TOP CAR, VOG'ART WATCHES AND JEWELLERY EXHIBITORS: BACKES & STRAUSS, BOULLE ROUGH DIAMONDS, CRESUS, CVSTOS, FABERGE, FRANCK MULLER, JASRE, LA PIRAMIDE, LONGIO, MONDANI, REBELLION, ROGER DUBUIS, SABBADINI, STARDUST, BASKANIA, SUPERBOATS EXHIBITORS: BRITAMARINE, CONTINENTAL, EAMS, HUNTON POWERBOATS, HYDROLIFT, LUXURY WATER TOYS, MAORI YACHTS, SPIRE BOAT, VAN DUTCH MARINELUXURY LANE EXHIBITORS: ARTEINMOTION, AZNOM, BAILLY PRESTIGE ABRIS, BRUICHLADDISH, CHAPAL, CROWN SADDLE, EION TURNER, ERIC BLAIR, INTELLIHOME, JEAN SOGUERO DESIGN, MARCO MEHN ART FOR LIVING, MEREGALLI, MONDANI, MTB, NOBLE KEY, PRI MER, RIVIERA TUTORS, SAMCO DESIGN, SPACE EXPEDITION CURACAO Top Marques Monaco Tel: +377 97 70 12 77 Fax: +377 93 50 61 81 email info@topmarquesmonaco.com
Read more...]]> http://www.cityoutmonaco.com/monaco-travel/articles/top-marques-2012 Mon, 23 Apr 2012 13:11:20 +0200 http://www.cityoutmonaco.com/monaco-travel/articles/top-marques-2012 info@cityoutmonaco.com (Cityout Monaco) Extraordinary win over Djokovic puts Nadal on course for another French victory
On a beautiful day in Monaco, it took seven times champion and world number two Rafael Nadal just an hour and twenty minutes to dismiss home-boy Novak Djokovic in the fnal of this year's Rolex Monte Carlo Masters tournament, 6-3, 6-1. In the second and final set, there was a brief rally from Djokovic before Nadal broke back to take the serve and the match with a final ace against which the world number one stood no chance. Things had been looking up for Djokovic as he advanced to the final by beating off a challenge from World number 7 Tomas Berdych 4-6 6-3 6-2; but Nadal, whose record in Monte Carlo is unsurpassed, proved once more to be Djokovic's Nemesis on his home ground, despite the fact that the Serb had beaten off the Spaniard in their last seven meetings. Upset by his grandfather's death on Thursday, Djokovic was never going to be in top form, but he has on many occasions graciously acknowledged that Nadal remains the best in the world on clay, and now Nadal has proved unstoppable in his retention of a title that in the last eight years has proved to be a more than adequate preparation for a following victory in the French Open
Read more...]]> http://www.cityoutmonaco.com/monaco-sport/articles/incredible-nadal-8th-monte-carlo-crown Mon, 23 Apr 2012 13:10:54 +0200 http://www.cityoutmonaco.com/monaco-sport/articles/incredible-nadal-8th-monte-carlo-crown info@cityoutmonaco.com (Cityout Monaco) Of all the questions about this year's Masters, one stands out: can he do it again?
What Monte-Carlo Rolex Tennis Masters Where Monte Carlo Country Club When 14-22 April 2012 Contact Tel: +377 97 98 70 00; Fax : +377 97 98 70 10 e-Mail : info@smett.mc Web:http://www.monte-carlorolexmasters.comLATEST NEWS: Djokovic to meet Nadal in finalMonte Carlo resident Novak Djokovic, who last week was awarded the prestigious Vermeil Sport medal of Monaco for his outstanding contribution to physical education and sport, beat off a challenge from sixth seed and world number 7 Tomas Berdych, to set up a final against seven-time Monte Carlo Masters champion Rafael Nadal -- All eyes are on the clay courts of the Monte Carlo County Club this week as world number two Rafael Nadal begins his campaign to lift the Monte Carlo Tennis Masters trophy for the eight successive year. Were he to do so he would add yet another glittering record to an already astonishing career. But some, including Nadal himself, are already beginning to question how long that career can last. Plagued by successive knee injuries, the Spanish tennis legend has increasingly felt uneasy about his abilities, especially since having to pull out of the Miami Masters last month. But Nadal is nothing if not a battler. His performance on clay courts is widely acknowledged to be among best in the game, and in six of the last seven years he has used the Monte Carlo victory as a springboard to ultimate success at the French Open.Watch the Rolex Masters live on the official website And then there is Novak Djokovic. Winner of the last three grand slam tournaments - Wimbledon, the US Open and the Australian Open - the world number one, who is a resident of Monaco, would dearly love to win in Monte Carlo but has so far failed to break Nadal's astonishing grip on his home tournament. Can he do so this year? Watch this space...About the Masters The 106th Tennis Masters takes place over the course of one week from 14 April to 22 April. This year, an exceptional main draw sees 45 top-flight players battling it out on the clay courts of the Monte Carlo Country Club in what is always a nail-biting starter to the summer's tennis tournaments. Eight of the world's top ten players (including of course the current ranking world number 1, Novak Djokovic, and his arch-rival the world number 2, Rafael Nadal) are here, as is Andy Murray, currently the world number 4 but ever hopeful of achieving that all-important boost in the rankings. The tournament is one of nine in the annualATP World Tour Masters 1000 series, and always attracts large crowds to witness the cream of men's tennis striving for a share in the nearly €2.5 million prize pot. In 2011, Nadal stamped his mark on the Monte-Carlo Rolex Masters when he became the first player in history to win the same tournament seven times in a row, defeating fellow Spaniard David Ferrer in straight sets. Any thoughts of his gaining an eighth crown will be tempered by the fact that Novak Djokovic - himself a Monaco resident - has been going from strength to strength, winning three Grand Slam tournaments and the most recent Australian Open. Added to this, and a considerable pressure for Nadal, has been a continuing history of knee problems, the most recent of which caused him to lose out on a potential final place in last week's Miami Masters. Other hopefuls to look out for in the list below are Czech Tomas Berdych (currently world no 7) and tenth-placed John Isner. And the celebrities are not confined to the court: watching their every move from the stands will be former world number one Björn Borg.Line-up of players:Name                       Nat RkNovak DJOKOVICSRB1Rafael NADALESP2Andy MURRAYGBR4David FERRERESP5Jo-Wilfried TSONGAFRA6Tomas BERDYCHCZE7Janko TIPSAREVICSRB9John ISNERUSA10Nicolas ALMAGROESP12Gilles SIMONFRA13Gael MONFILSFRA14Feliciano LOPEZESP15Kei NISHIKORIJPN16Richard GASQUETFRA17Alexandr DOLGOPOLOVUKR18Florian MAYERGER19Fernando VERDASCOESP20Juan MONACOARG21Jurgen MELZERAUT22Marin CILICCRO23Marcel GRANOLLERSESP24Radek STEPANEKCZE25Milos RAONICCAN26Viktor TROICKISRB27Kevin ANDERSONRSA28Stanislas WAWRINKASUI29Mikhail YOUZHNYRUS31Juan Ignacio CHELAARG32Julien BENNETEAUFRA33Philipp KOHLSCHREIBERGER35Bernard TOMICAUS36Carlos BERLOCQARG37Pablo ANDUJARESP38Ivan LJUBICICCRO41Michael LLODRAFRA43Denis ISTOMINUZB44Andreas SEPPIITA45Donald YOUNGUSA46Thomaz BELLUCCIBRA47Jarkko NIEMINENFIN48Juan Carlos FERREROESP49Lukasz KUBOTPOL51Olivier ROCHUSBEL52Robin HAASENED53Fabio FOGNINIITA55
Read more...]]> http://www.cityoutmonaco.com/monaco-sport/articles/monte-carlo-rolex-masters-2012 Mon, 23 Apr 2012 13:10:34 +0200 http://www.cityoutmonaco.com/monaco-sport/articles/monte-carlo-rolex-masters-2012 info@cityoutmonaco.com (Cityout Monaco) Top Marques isn't just for landlubbers. We look at three of the best superboats on show this year
CNM's new Continental 43 is a beautifully crafted boat whose open design boasts an unusually spacious deck (thanks to two extendable side terrace areas). The lounge area is amply shaded, so whatever the weather, you'll be able to enjoy a relaxing ride. Inside, the 43' craft is decked out with the most exquisite attention to detail, with expansive sofas and bed, while the assertively modern hull design and state-of-the-art technology make it both an eyecatching and practical option. The boat will premiere at Top Marques 2012.On display at Top Marques Monaco 2012 will be the newest luxury mahogany sportboat from Britamarine, the R24 (above). Powered by a 300hp Mercury V8 inboard engine and with a Kevlar-reinforced handmade mahogany-epoxy hull, this 7.5m (25') craft is kitted out with luxury amenities: touch screen GPS/chartplotter with DVD, superior sound system, underwater lights, rear-facing camera, and a beautiful two-tone Alcantara interior.Hunton have been manufacturing hand-built luxury powerboats from their base in Hampshire for thirty years. Their RS and XRS range exhibit their uncompromising quest for innovation and style, qualities which have made them leaders in their field. The XRS 43, with its trademark deep V hull and powerful twin petrol or diesel engines, is a stunning example of their craft, with its spacious salon, teak decking, leather upholstery and bespoke design finishes. Currently working on their next boat - the so-called Project X - Hunton will be here to talk to you about all their products at Top Marques 2012
Read more...]]> http://www.cityoutmonaco.com/monaco-travel/articles/powerboats-top-marques Thu, 19 Apr 2012 12:12:56 +0200 http://www.cityoutmonaco.com/monaco-travel/articles/powerboats-top-marques info@cityoutmonaco.com (Cityout Monaco) Join in the party at Monaco's most vibrant club on the seafront: concerts, salsa and more
To book tickets for upcoming concerts, click on the banner below What: Ni Club Where: 35 bd Louis II,  Rond-Point du Portier,  Monaco Hours:Thursday - 6pm to 1am; Friday and Saturday - midnight to 5am Info and reservations: +377 97 98 77 77 orclick hereContact: club.booking@nibox.mc About Ni Club43.7382632|7.4288395||Boulevard Louis II, 98000 Monaco One of the most striking additions to the Monaco skyline in recent years is the Ni Club, next door to the Auditorium Rainier III.  The stunningly-designed space fits perfectly into Monaco's marina architecture, with sweeping curved surfaces and giant portholes calling to mind the many superyachts which berth here throughout the year. Inside you'll find a sea-front club dedicated to music and dance. Fridays and Saturdays the Night Club comes into its own, with a great line up of DJs, both visiting and local. Opening times Thursdays : 6pm – 1am Fridays, Saturdays and bank holiday eves: midnight – 4:30am
Read more...]]> http://www.cityoutmonaco.com/monaco-events/articles/club-ni-monaco Tue, 17 Apr 2012 17:45:27 +0200 http://www.cityoutmonaco.com/monaco-events/articles/club-ni-monaco info@cityoutmonaco.com (Cityout Monaco) Come and meet some of France's best-known food writers, chefs and wine experts this summer!
What: Food and Literature Festival When: 10am-7-pm, 3 June 2011 Where: La Colle-sur-Loup Entry: Free Two colours dominate La Colle-sur-Loup, the attractive mediaeval village nestled in the hills between Nice and Valbonne - rose and blue. Rose, because of the ancient Rosa centifolia, which grows abundantly here, and whose petals have been cultivated for centuries for the perfume making industry of nearby Grasse. And blue, not only because of the brilliance of the Mediterranean sky and sea, but because of the vivid hue made famous in the 20th century by Yves Klein, who was buried here in the local cemetery not far from his family home. Klein and his luminous IKB (as the blue is still known to designers all over the world) will be the focus of events on 3 June, since the 50th anniversary of the artist's death falls three days later. Colle sur Loup also happens to be the home of a huge variety of the region's best known gourmet restaurants, and they will all be participating in this year's second annual 'Food and Literature' festival: Restaurant Alain Llorca, Le Blanc-manger, Villa Nicolas Juste, La Vie Est Belle, La Bastide Gourmande, Le Mas d’Artigny, Auberge La Clé des Champs, le 541, and l’Atelier des Saveurs.Photo: Shakti/Creative Commons Once again this year, some of the greatest names in the business will be arriving through the historic Canadel gate - along with hundreds of onlookers - to enjoy a day of top food and drink, and to let us in on some of the great secrets of French cuisine.  Celebrated Michelin chefs, sommeliers, TV cooks, authors and restaurant critics will be there, all with only one thing in mind: getting to the heart of what makes a true gourmet experience. Last year's guests included Alain Llorca - whose eponymous 'Cafe Llorca' restaurant opened in the Grimaldi Forum in December 2010; Arnaud Poette, head chef at the Hotel Eden Roc in Cap d'Antibes; and internationally-acclaimed chef Jacques Pourcel, who with his twin brother Laurent is about to add a twelfth restaurant to his stable - the SeaSens at the new boutique and spa 'Five', which is due to open in May on Rue Bivouac-Napoléon in Cannes. What links all of the speakers, as well as their wealth of culinary experience, is that they are all authors of some of France's bestselling books on cookery and the history of cookery, and it's this that gives its name to the festival - it's not just about good food, but good writing, too. During this special festival day, La Colle-sur-Loup will be celebrating cookery in every conceivable way, with drawing competitions, contests, parades, activities for kids, cooking classes, art exhibitions, demonstrations, wine tastings and cinema screenings. But the event is far more than the sum of its parts: in this spectacular setting amid the limestone gorges of the river Loup, there's no more natural place for these leading lights to demonstrate the art form in which the French are arguably more famous than any other nation on earth.12 Balades Gourmandes: the recipes of Alain LlorcaGetting there: From Marseille: A8 motorway, take exit 47 signposted 'Vence'. Follow signs to Vence and Saint Paul by D436. From Monaco/Nice: A8 motorway, exit 'Cagnes sur Mer, Vence'. Take D336, then follow signs to Vence and Saint Paul by D436.
Read more...]]> http://www.cityoutmonaco.com/monaco-food-drink/articles/festival-food-literature-colle-sur-loup Tue, 17 Apr 2012 12:08:55 +0200 http://www.cityoutmonaco.com/monaco-food-drink/articles/festival-food-literature-colle-sur-loup info@cityoutmonaco.com (Cityout Monaco) ISM chooses a director with breadth, vision and impressive experience of international schools
The Price is Right The International School of Monaco has announced the appointment of a new Director, who will take the reins of the principality's leading independent school in July this year. John Price was educated at Cambridge University. He graduated with an MA in Modern and Mediaeval Languages before embarking on a teaching career at some of Britain's best known private schools including the Edinburgh Academy, Bedales, and Winchester, where he was undermaster, responsible for university admissions and curriculum development. John Price, new Director of the International School of Monaco His first overseas post was in Malaysia, where he helped to set up a new sixth form college in Lembah Beringin, forty miles north of Kuala Lumpur. After a brief return to Winchester, he took up the headmastership of Jerudong International School in Brunei in 2004 and oversaw a major expansion from 950 to 1450 students, while also finding time to write for the Brunei Times as their education correspondent. Most recently, Mr Price (who is fluent in Russian as well as French) has been head of a new British international school in Almaty, Kazakhstan, founded by and modelled on Haileybury, another well-respected British independent school. The International School of Monaco is delighted to have appointed a head with such a notable academic track record. In a letter to parents, the governors express their hope that the new appointment will enable them to achieve new levels of excellence at what is already a great school. Readers and prospective parents wishing to learn more about the British and International School systems 'from the horse's mouth' may like to know that John Price is also the author of a book  'Notes from the Jungle', which details his time in Malaysia while reflecting on current trends in international education.
Read more...]]> http://www.cityoutmonaco.com/monaco-community/articles/ism-director-john-price Tue, 17 Apr 2012 12:08:09 +0200 http://www.cityoutmonaco.com/monaco-community/articles/ism-director-john-price info@cityoutmonaco.com (Lee Robinson) Lee Robinson of Altana Wealth gives his latest thoughts and advice on a rapidly shifting market
I encourage everyone to read 'Throw Them All Out' by Peter Schweizer. This book covers abuses of power by members of American Congress, Senate and the President himself.  Schweizer has some extraordinary revelations: Did you know it was legal for them all to insider trade? Did you know they are self policed by their own ethics committee? Did you know that $16 billion of the $20billion of Green loans handed out by the current administration has gone to companies that have directors who were part of the Obama fund raising campaigns?Whilst politicians taking advantage of the people is nothing new, the current scale and audacity of it all is amazing. However, this book has had next to zero coverage in the mainstream press. This in many ways is more worrisome because it means we end up listening to other, less controlled, sources - from the deeply paranoid to the very concerned. The interesting part is that outside of the sell-side cheerleaders, many unbiased commentators still come to the same rational conclusion that a debt crisis cannot be solved by adding more debt, and that a misallocation of capital is not fixed by misallocating capital on a greater scale (quantitative easing, higher taxes, bank bailouts) which will all ultimately fail.China The China hard landing story is also getting more traction. Even the China macro bulls have struggled, with factory activity shrinking for the fifth month and foreign direct investment falling for the fourth consecutive month. We do not fully trust any government department figures, least of all the Chinese ones. We prefer to look at corporate sales and cash flow. From BHP Billiton to Phillips to Siemens we are getting the same message: Europe in recession, China slowing dramatically, USA mixed. So we are left in the same place as before: too much debt and governments with too much power. Q1 2012 has seen an expansion of the market multiples in the face of earnings pressure. However, historically, the falling earnings usually win out and the indices fall. This past quarter saw the highest number of warnings since Q1 2009 – nearly 500 by global CEOs, with the ratio of negative to positive warnings at 1.5x. No wonder US insiders are selling shares at a rate of thirteen for every share bought. To us this continues to be a trading market. Buy the dips and sell the rallies whilst keeping an eye on bank credit spreads which are starting to move out again towards the danger zone.Back to the Future? Another worrying parallel with the 1930s is the rise of protectionism. Already we have pressure from national governments for banks to lend at home and even numerous advertising campaigns to promote holidays at home. On 3 April the Bundesbank said that it would no longer accept bank bonds backed by the governments of Greece, Portugal and Ireland. The Austrian central bank followed suit the next day. This is yet another hole in the European dam that will grow and cause further problems. Keep an eye on subordinated banking spreads particularly in France and Spain. Credit markets will continue to guide decisions in a deleveraging world. On our marketing travels we meet many patriotic investors that trust their governments to eventually do the right thing but almost all of them believe the inflation numbers to be a huge underestimate of their own personal inflation. The increases in unit labour costs and the strong increase in the oil price over 3 and 12 months have been ignored by the deflationists. The supposedly one-off VAT and sales tax rises have hurt. The increases in school fees and medical insurance have hurt even more. Even those who believe we have a Japan-type decade ahead of us concede that inflation is coming. We believe inflation or stagflation is already here. Incomes for the working consumers are still under pressure. Real disposable incomes in the USA are now lower than in 2006! Current policies are making matters worse not better. Finally we would recommend reading Bill Gross’s excellent piece ‘Zero-based money risks trapping recovery’ published in the FT on 6 Feb. Opportunities are coming though as prices fall. Stay liquid, organise your investment vehicles either directly or via due diligence on others and be ready to invest as the opportunities arise.
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The principal benefit of Monaco's fiscal system is the complete absence of direct taxation, with certain exceptions – notably for French nationals resident since 1962, for whom special rules apply.Personal taxation Individuals residing in Monaco pay no tax on income, betterment or capital. However, inheritance tax at the following rates is payable on assets held in the principality if passed to direct descendants 0% brothers and sisters 8% uncles and nephews 10% relatives 13% non-relatives 16% Businesses and companies There is no taxation unless a) the company earns more than 25% of turnover outside the principality; or b) the company’s revenues arise from patents or literary or artistic property rights, which are subject to a 33.3% tax. Fiscal stamps and registration duties All official civil and judicial acts, and all documents which could be produced as evidence in court, must be stamped in order to be valid. Costs are either fixed, or based on the format of the document or the amounts involved. Duties are collected for the registration of property transfer or change of ownership. Leases, subscription or transfer of shares in a company 1% Sale of property 6.5% Transfer of goodwill, clientele or property 7.5%
Read more...]]> http://www.cityoutmonaco.com/monaco-financial/articles/taxation Fri, 13 Apr 2012 10:16:22 +0200 http://www.cityoutmonaco.com/monaco-financial/articles/taxation