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s contrarian. First, SAAR isn't necessarily an apples to apples comparison. Fiat is more global now. They have localized, low-cost production in South America, which is already in a recession, so this doesn't feel like a peak to me. Some of the growth will come from China which is greenfield expansion.
uel and convenience stores. which grow organically year after year. ATD operates under brands Circle Kin US (No.2), Couche-Tard in Canada (No.1) and Statoil in Scandinavian Europe (No.1). Investment Thesis A. Resilient retail cash cow • The convenience store ("c-store") business is misunderstood by t
e increases WSJ • Treasury Department's plan to lower issuance seen compressing yields further WSJ • Conservatives: the party of business? FT • South Africa's rainbow starts to fade FT • Brokers should bin the bundles of research notes FT • MPC — reading the runes on inflation and rates FT • Foreign f
NIl inline, dividend raised (trading +2.2%) • ING quarterly earnings beat estimates as economy improves, strong balance sheet (trading +10.2%) • Statoil O4 operating results better than ests, dps maintained, fcf breakeven lowered (trading +7.5%) • Astrazeneca profit meets estimates as Brilinta sales
Executive Officer, Philips Healthcare Patrick Khulekani Chief Executive Officer and Managing Development Bank of South Africa Dlamini Director Southern Africa Vladimir A. Dmitriev Chairman State Corporation Bank for Russian Federation Development and Foreign Economic Affairs (Vnesheconombank) Kirill
ities Group Swiss Television SF The Wharton School, University of Pennsylvania Alcoa Inc. PZU SA Embassy of Denmark Silddeutsche Zeitung GmbH Statoil (UK) Limited The NASDAQ OMX Group Frankfurter Allgemeine Zeitung DLA Piper UK LLP Freshfields Bruckhaus Deringer Engage Turkey India Canada
Entities connected to both South Africa and Statoil

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