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News Article | May 17, 2017
Site: www.businesswire.com

NEW YORK--(BUSINESS WIRE)--UBS Investment Bank today announced coupon payments for the ETRACS Alerian MLP Index ETN (NYSE Arca: “AMU”) and ETRACS Alerian MLP Index ETN Series B (NYSE Arca: “AMUB”), both traded on the NYSE Arca. * The table above provides a hyperlink to the relevant prospectus and supplements thereto for each of our ETRACS ETNs, which are identified by their names. For more information on each ETRACS ETN, see "List of ETNs". **"Current Yield (annualized)" equals the current Coupon Amount, multiplied by four (to annualize such coupon), divided by the Closing Indicative Value of the ETN on its current Coupon Valuation Date rounded to two decimal places for ease of analysis. The Current Yield is not indicative of future coupon payments, if any, on the ETN. You are not guaranteed any coupon or distribution amount under the ETN. ETRACS ETNs are senior unsecured notes issued by UBS AG, are traded on NYSE Arca, and can be bought and sold through a broker or financial advisor. An investment in ETRACS ETNs is subject to a number of risks, including the risk of loss of some or all of the investor’s principal, and is subject to the creditworthiness of UBS AG. Investors are not guaranteed any coupon or distribution amount under the ETNs. We urge you to read the more detailed explanation of risks described under “Risk Factors” in the applicable prospectus supplement, or product supplement and pricing supplement, as applicable, for the ETRACS ETN. UBS AG has filed a registration statement (including a prospectus and supplements thereto) with the Securities and Exchange Commission, or SEC, for the offerings of securities to which this communication relates. Before you invest, you should read the applicable prospectus, pricing or product supplement, dated as of various dates, and the prospectus dated April 29, 2016 to understand fully the terms of the securities and other considerations that are important in making a decision about investing in the ETRACS. The applicable offering document for each ETRACS may be obtained by clicking on the ticker symbol of each ETRACS identified above. You may also get these documents without cost by visiting EDGAR on the SEC website at www.sec.gov. The securities related to the offerings are not deposit liabilities and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency of the United States, Switzerland or any other jurisdiction. UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. The operational structure of the Group is comprised of our Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. UBS's strategy builds on the strengths of all of its businesses and focuses its efforts on areas in which it excels, while seeking to capitalize on the compelling growth prospects in the businesses and regions in which it operates, in order to generate attractive and sustainable returns for its shareholders. All of its businesses are capital-efficient and benefit from a strong competitive position in their targeted markets. UBS is present in all major financial centers worldwide. It has offices in 54 countries, with about 34% of its employees working in the Americas, 35% in Switzerland, 18% in the rest of Europe, the Middle East and Africa and 13% in Asia Pacific. UBS Group AG employs approximately 60,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE). This material is issued by UBS AG and/or any of its subsidiaries and/or any of its affiliates ("UBS"). Products and services mentioned in this material may not be available for residents of certain jurisdictions. Past performance is not necessarily indicative of future results. Please consult the restrictions relating to the product or service in question for further information. Activities with respect to US securities are conducted through UBS Securities LLC, a US broker/dealer. Member of SIPC (http://www.sipc.org/). ETRACS ETNs are sold only in conjunction with the relevant offering materials. UBS has filed a registration statement (including a prospectus, as supplemented by the applicable prospectus supplement, or product supplement and pricing supplement, for the offering of the ETRACS ETNs) with the Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. Before you invest, you should read these documents and any other documents that UBS has filed with the SEC for more complete information about UBS and the offering to which this communication relates. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, you can request the applicable prospectus supplement, or product supplement and pricing supplement, by calling toll-free (+1-877-387 2275). In the US, securities underwriting, trading and brokerage activities and M&A advisor activities are provided by UBS Securities LLC, a registered broker/dealer that is a wholly owned subsidiary of UBS AG, a member of the New York Stock Exchange and other principal exchanges, and a member of SIPC. UBS Financial Services Inc. is a registered broker/dealer and affiliate of UBS Securities LLC. UBS specifically prohibits the redistribution or reproduction of this communication in whole or in part without the prior written permission of UBS and UBS accepts no liability whatsoever for the actions of third parties in this respect. Alerian MLP Index, Alerian MLP Infrastructure Index, Alerian Natural Gas MLP Index, AMZ, AMZI, and ANGI are trademarks of Alerian and their use is granted under a license from Alerian. © UBS 2017. The key symbol, UBS and ETRACS are among the registered and unregistered trademarks of UBS. Other marks may be trademarks of their respective owners. All rights reserved.


News Article | May 4, 2017
Site: www.fao.org

img src="http://www.fao.org/figis/servlet/IRS?iid=54924 " alt="Click to enlarge"/ Click for enlarged image The development of resistant strains of disease-causing microorganisms is an important health issue of global concern. When microbes such as bacteria, fungi, parasites, and viruses become resistant to antimicrobial substances, the diseases they may cause become more difficult or impossible to treat. Resistance is developed by the indiscriminate use of antimicrobials and places human health at risk. The discovery of antibiotics revolutionized medicine, creating a belief that a 'magic bullet' had finally been found to control bacterial diseases. Antibiotics, a class of antimicrobial agents, kill or inhibit the growth of bacteria, but they have no significant effect on other types of microorganisms such as viruses. "Bacteria, the oldest life form on this planet have survived 4 billion years due to their remarkable ability to adapt to changes in their environment... any 'resistance' gene present in any member of any species in the microbiome has the potential to transfer to any other species" says Dr Peter Smith of Ireland. National delegates representing China, Malaysia, the Philippines and Viet Nam; fish health experts from India, Ireland, the Netherlands, the Philippines, Viet Nam and the United States; and representatives of the Government of India, Nitte University, FAO, NACA and the OIE are participating at an international workshop to address antimicrobial use (AMU) and AMR in aquaculture, convened by FAO and Nitte University, in Mangalore, India, 10-12 April. Dr J.K. Jena, Deputy Director General of the Indian Council of Agricultural Research, highlighted the importance of aquaculture and the need to address issues related to diseases and the irresponsible use of veterinary drugs. "Strengthening laboratory networks and increasing AMU/AMR awareness as well as research on safety, efficacy and withdrawal period, resistance mode and process of transfer of resistance for different antimicrobials are needed", he said. In his Presidential Address, the Vice-Chancellor of Nitte University, Professor Ramananda Shetty, urged interdisciplinary studies to be undertaken as all sectors have a responsibility towards this burning problem. He emphasized the need for regulation of antibiotic sales, responsible implementation of treatment regimens by the doctors and diligent attention to medical advice by the patients. The complexity of the issue calls for a "One Health" platform involving both human medicine and the agriculture sector in an interdisciplinary and integrated approach to tackle what is very much a common problem. This approach combined with concerted actions at the national level that span policy and regulatory spheres, preventive actions and engagement with producers and other food value chain stakeholders are needed to prevent and reduce AMR. Detailed guidance was provided on developing the aquaculture component of the National Action Plans (NAP) on AMR covering the four focus areas of FAO's Action Plan on AMR: awareness, governance (NAP), evidence (usage and surveillance) and practice (prudent use). National delegates will further develop the action plans, disseminate the scientific information delivered during the workshop and create awareness of AMR issues among national stakeholders.


News Article | April 17, 2017
Site: www.prweb.com

Titus R. Ngateh’s new book Born With A Vision: A Gift of Love ($15.49, paperback 9781498485746; $7.99, eBook, 9781498485753) is the inspiring story of a young man’s struggle to beat the odds following the sudden death of his father, and his determination to leave the tragic past behind. Poverty compounded by the Liberian Civil War was a force he not only had to reckon with, but would he live to see his family also trapped in the fighting elsewhere in the country? In the midst of this horrible event, he held on to his faith in God, the Faith his late father had instilled in him as a young boy. Tragedies in the families, including the deaths of an older brother, an uncle, and two friends in the war, had taught him a hard lesson. Ngateh says, “This book is relevant in today’s culture in that while my story occurred on the other side of the globe, it is just as relatable as in the streets of Chicago or Atlanta. One can, for instance, see homelessness, crime, unemployment, single parents battling over the issues of survivability to remain relevant in the community they live. The condition of the orphanage that remains one of the fundamental headaches in the world, leaves humanity hopeless, some of which are caused by civil unrest, extreme poverty and other man-made disasters. Places like Iraq, Libya, the Sudan, the Middle East, Syria, Egypt, Mali, Somalia, and other troubled spots in the world, are just a few classic examples of the endless human situations in a world that appears, falling apart. It was the same with what happened in Liberia, Sierra Leone, and in countries that are currently undergoing various forms of chaos.” Titus R. Ngateh was born in Liberia, West Africa. He fled the Liberian civil war and resettled in the United States in 2003. His adopted parents followed later, in 2004. He attended high school in Guinea, West Africa. He was a student at the America, Episcopal University AMU, 2001-2002. He has attended colleges in Maryland, and New York respectively. He is now a graduate of Bachelor of Arts (BA) in Psychology, at Argosy University, Atlanta Georgia. Xulon Press, a division of Salem Media Group, is the world’s largest Christian self-publisher, with more than 12,000 titles published to date. Retailers may order Born With A Vision: A Gift of Love through Ingram Book Company and/or Spring Arbor Book Distributors. The book is available online through xulonpress.com/bookstore, amazon.com, and barnesandnoble.com.


Key financial figures slightly down overall in 9M 2016 - Group result expected to rise significantly due to special effects - Fraport's international portfolio achieves mixed results FRA/gk-rap - In the first three quarters of the 2016 business year, the Fraport Group achieved revenue of €1.94 billion (adjusted for IFRIC 12), thus continuing its positive performance from the previous year.  The Group's operating result or EBITDA (earnings before interest, tax, depreciation and amortization) slightly declined by two percent to €677 million in the first nine months, while the Group result dropped nine percent to €239 million.  Likewise, operating cash flow reduced by five percent to around €500 million in the first nine months. As a result, free cash flow decreased by 20 percent to €310 million, also reflecting higher capital expenditure for property, plant and equipment at Frankfurt Airport. Fraport's financial performance has been impacted in particular by the current geopolitical situation, which has led in part to marked declines in passenger traffic both at Fraport's home-base Frankfurt Airport and, especially, at individual Group airports within Fraport's international portfolio. From January to September 2016, a total of 46.7 million passengers passed through Frankfurt Airport (FRA), down 1.2 percent.  Cargo throughput (airfreight + airmail, excluding transfer cargo) rose by 1.1 percent to 1.55 million metric tons, reflecting the slight recovery in the global economy. Commenting on the Group's business performance, Fraport AG's executive board chairman, Dr. Stefan Schulte, pointed out the challenging market environment in which the company is operating: "As a globally linked industry, aviation is particularly affected by current geopolitical conflicts and risks. And Fraport is not entirely immune to these developments. Therefore, it is even more important that our Group operates a broadly diversified portfolio, which we expect to generate considerable positive effects over the business year as a whole." "Equally important is the fact that growth trends continue to be intact in the aviation industry. Overall, Fraport has achieved robust performance during the first nine months of 2016, despite challenging market conditions." In view of the ongoing slowdown in air travel demand as a result of geopolitical factors - which became manifest particularly during the summer peak months - Fraport is maintaining its outlook for the full year (as updated after the first half of 2016) and is still expecting a slight decline in year-on-year passenger traffic at FRA. The fourth quarter of 2016 will see positive special effects as a result of payments received from the Manila and St. Petersburg projects. In Manila, the 14-year-long expropriation lawsuit was successfully concluded. The payment granted to Fraport as a result of the settlement is expected to have a net effect of some €120 million on the Group result (after tax).  In addition, the transaction from the partial sale of Fraport's share in its St. Petersburg subsidiary was concluded in October 2016. This will have a positive influence on the Group result in the amount of about €35 million. CEO Schulte said: "The partial sale of our share in St. Petersburg has demonstrated that we are not only able to buy airports or concessions, but that we can also boost their attractiveness amid difficult market environments, even enabling us to sell them for a profit." For the full year 2016, Fraport now expects EBITDA to reach between approximately €1.04 billion and up to approximately €1.08 billion (instead of the previously expected range of €850 million to €880 million). Due to the two special effects, the Group result is expected to increase noticeably to a range of about €400 million up to approximately €440 million (before, the Group result was expected to slightly exceed the previous year's level of €297 million). Fraport AG's international portfolio of airports reported mixed results in the first three quarters of 2016.  Group airports in Ljubljana (Slovenia), Antalya (Turkey), St. Petersburg (Russia), and Hanover (Germany) recorded declining passenger numbers, largely due to geopolitical framework conditions. In contrast, Fraport's airports in Lima (Peru), Burgas and Varna (both Bulgaria), as well as Xi'an (China) achieved double-digit growth rates in the first three quarters of 2016. Aviation: Revenue in the Aviation segment shrank by 1.9 percent to €793.3 million in the first nine months of 2016.  Among other things, the segment's revenue was negatively impacted by declining passenger traffic at Frankfurt Airport. With operating expenses remaining almost level, the segment's EBITDA contracted by 4.6 percent to €192.4 million. Due to slightly higher depreciation and amortization, the segment's EBIT fell 12 percent to €98.5 million. Retail & Real Estate: Revenue in the Retail & Real Estate segment improved by four percent to €370.9 million. The growth was primarily driven by higher revenue from sales of land, which more than compensated for the decline in revenue of the retail sub-segment. The slowdown in the retail business reflects a number of factors, including decreased passenger numbers at FRA, a change in the passenger mix, and a more restrained spending behavior per passenger on average - partly attributable to currency exchange-rate effects. Correspondingly, net retail revenue per passenger dropped to €3.38 (from €3.49 in the previous year). Segment EBITDA slipped by 1.5 percent to €281.9 million, due to higher operating expenses. With depreciation and amortization almost level, the segment's EBIT reached €218.5 million (down 2.3 percent). Ground Handling: Revenue in the Ground Handling segment contracted by 7.6 percent year-on-year to €478.2 million, primarily due to the sale of Fraport's share in its former FCS cargo subsidiary.  Adjusted by this one-off effect, the segment would have seen an increase in revenue of 1.8 percent. Despite declining passenger numbers at FRA, segment EBITDA grew by €4.4 million to €44.9 million. This was largely a result of lower personnel expenses and cost of materials in connection with the sale of the FCS stake in 2015.  Triggered by this effect, the segment's EBIT soared by 59.8 percent to €15.5 million. External Activities & Services:  Segment revenue increased by 8.2 percent to €417.3 million in the first nine months of 2016. Growth was stimulated by a rise in passenger traffic at the Group's airports in Lima, Peru, and the two Bulgarian airports in Burgas and Varna, as well as higher revenue achieved at the company's AMU Holdings subsidiary in the U.S. The segment's EBITDA, on the other hand, shrank by 1.7 percent to €157.5 million.  This was due to a one-off effect in the previous year (extra revenue from the sale of the Air-Transport IT Services subsidiary in the U.S.) and a rise in operating expenses for service activities at FRA. With depreciation and amortization down slightly, the segment's EBIT declined by 1.4 percent to €97.2 million. The Group Interim Report can be found here. Print-quality photos of Fraport AG and Frankfurt Airport are available for free downloading via the photo library located in our Press Center on the Fraport Web site. For TV news and information broadcasting purposes only, we also offer free footage material for downloading. If you wish to meet a member of our press team when at Frankfurt Airport, please do not hesitate to contact us. Our contact details are available here. For further information about Fraport AG please click here.


Les résultats financiers clés ont légèrement baissé sur les 9 mois de 2016 - les prévisions indiquent une hausse importante des résultats du groupe en raison d'effets spéciaux - le portefeuille international de Fraport enregistre des résultats mitigés FRA/gk-rap - Au cours des trois premiers trimestres de l'exercice comptable de 2016, le groupe Fraport a enregistré un chiffre d'affaires de 1,94 milliards € (ajusté pour IFRIC 12), continuant ainsi sa performance positive de l'année précédente.  Les résultats opérationnels du groupe ou BAIIA (bénéfice avant intérêts, impôts et amortissement) ont légèrement baissé de deux pour cent pour atteindre 677 millions € au cours des neuf premiers mois alors que le résultat du groupe a baissé de neuf pour cent pour atteindre 239 millions €.  De la même manière, le flux de trésorerie a baissé de cinq pour cent pour atteindre environ 500 millions € au cours des neuf premiers mois. Ainsi, les liquidités disponibles ont diminué de 20 pour cent pour atteindre 310 millions €, en raison de dépenses supérieures en capitaux pour les biens immobiliers, les installations et l'équipement à l'aéroport de Francfort. La performance financière de Fraport a été perturbée notamment par la situation géopolitique actuelle qui a entraîné notamment des réductions importantes dans le trafic des passagers au siège de Fraport, l'aéroport de Francfort, et, notamment, dans les autres aéroports du groupe au sein du portefeuille international de Fraport. De janvier à septembre 2016, un total de 46,7 millions de passagers a transité par l'aéroport de Francfort (FRA), soit une baisse de 1,2 pour cent.  Le volume de fret (fret aérien + poste, hors fret de transfert) a augmenté de 1,1 pour cent pour atteindre 1,55 million de tonnes métriques, ce qui indique une légère relance de l'économie mondiale. En commentaire de la performance du groupe, le président du conseil exécutif de Fraport AG, Dr. Stefan Schulte, a souligné un environnement difficile du marché au sein duquel l'entreprise opère : « En tant qu'industrie mondiale, l'aviation est particulièrement affectée par les conflits et risques géopolitiques actuels. » Fraport n'est pas totalement immunisé contre ces facteurs. Par conséquent, il est d'autant plus important que notre groupe exploite un portefeuille largement diversifié grâce auquel nous prévoyons d'obtenir de grands effets positifs sur l'exercice comptable dans son intégralité. » « Ce qui est également important est que les tendances de croissance continuent d'être intactes dans l'industrie de l'aviation. De manière générale, Fraport a enregistré une performance solide pendant les neuf premiers mois de 2016 malgré des conditions difficiles sur le marché. » Eu égard au ralentissement actuel de la demande de transport aérien en raison des facteurs géopolitiques - qui a été constaté notamment pendant les mois de la haute saison en été - Fraport maintient ses pronostics pour l'année complète (en respect des chiffres actualisés au cours du premier semestre 2016) et continue d'envisager une légère baisse du trafic de passagers sur l'année à FRA. Le quatrième trimestre de 2016 enregistrera des effets spéciaux positifs en raison de paiements reçus pour les projets de Manille et Saint-Pétersbourg. À Manille, le procès pour expropriation qui a duré 14 ans a connu une issue positive. L'indemnité versée à Fraport devrait avoir un effet net de 120 millions € sur le résultat du groupe (après impôts).  De plus, la transaction des ventes partielles de la part de Fraport dans sa succursale de Saint-Pétersbourg a été conclue en octobre 2016. Cela aura une influence positive sur le résultat du groupe à hauteur d'environ 35 millions €. Le PDG M. Schulte a déclaré : « La vente partielle de notre part à Saint-Pétersbourg a démontré que nous ne sommes pas seulement capables d'acheter des aéroports ou des concessions, mais nous pouvons également booster leur attrait dans un contexte de marchés difficiles, ce qui nous permet de les vendre avec une plus-value. » Pour l'ensemble de l'année 2016, Fraport prévoit d'atteindre un BAIIA d'environ 1,04 milliard € à 1,08 milliard € (au lieu de la fourchette de 850 millions € à 880 millions € estimée auparavant). En raison des deux effets spéciaux, le résultat du groupe devrait considérablement augmenter pour atteindre entre 400 millions € et 440 millions € (avant, les prévisions indiquaient une hausse légère par rapport au niveau de l'année dernière de 297 millions €). Le portefeuille aéroportuaire internationale de Fraport AG a enregistré des résultats mitigés au cours des trois premiers trimestres 2016.  Les aéroports du groupe à Ljubljana (Slovénie), Antalya (Turquie), Saint-Pétersbourg (Russie) et Hanovre (Allemagne) ont enregistré des baisses de fréquentation de passagers, en grande partie en raison de la situation géopolitique. En revanche, les aéroports Fraport de Lima (Pérou), Burgas et Varna (tous les deux en Bulgarie) et de Xi'an (Chine) ont atteint une croissance à deux chiffres au cours des trois premiers trimestres de 2016. Aviation : Les revenus du segment de l'aviation ont diminué de 1,9 pour cent pour atteindre 793,3 millions € au cours des neuf premiers mois de 2016.  Notamment, les revenus du segment ont été influencés négativement par la baisse du trafic de passagers à l'aéroport de Francfort. Avec des dépenses d'exploitation restant à un niveau à peu près stable, le BAAI du segmenté s'est contracté de 4,6 pour cent, le portant à 192,4 millions €.  En raison d'une légère hausse de la dépréciation et de l'amortissement, le BAAI de ce segment a diminué de 12 pour cent pour atteindre 98,5 millions €. Détail & immobilier : Les revenus du segment Détail & immobilier ont augmenté de quatre pour cent pour atteindre 370,9 millions €. La croissance a été notamment stimulée par des revenus supérieurs des ventes de terrain, ce qui a plus que compensé la baisse de recettes dans le sous-segment de la vente de détail. Le ralentissement du secteur de la vente de détail reflète un certain nombre de facteurs, notamment la baisse du nombre de passagers à FRA, un changement dans la répartition des passagers et un comportement de dépense plus restreint par passager en moyenne - notamment en raison des effets de taux de change. Ainsi, les recettes de détail nettes par passager ont baissé pour atteindre 3,38 € (contre 3,49 € l'année dernière). Le BAIIA du segment a baissé de 1,5 pour cent pour atteindre 281,9 millions € en raison de frais d'exploitation plus importants. Avec le niveau stable de dépréciation et d'amortissement, le BAII du segment a atteint 218,5 millions € (moins 2,3 pour cent). Services au sol : Les revenus du segment des services au sol se sont contractés de 7,6 pour cent sur l'année pour atteindre 478,2 millions €, notamment en raison de la vente de la part de Fraport dans son ancienne filiale de fret FCS.  Ajusté par cet effet ponctuel, le segment devrait enregistrer une hausse de revenus de 1,8 pour cent. Malgré la baisse du nombre de passagers à FRA, le BAAI du segment a augmenté de 4,4 millions € pour atteindre 44,9 millions €. Cela est en grande partie dû à des frais de personnel et des coûts de matériel inférieurs en raison de la vente de la participation FCS en 2015.  Grâce à cet effet, le BAII du segment est grimpé en flèche de 59,8 pour cent pour atteindre 15,5 millions €. Activités et services externes :  Les revenus du segment ont augmenté de 8,2 pour cent pour atteindre 417,3 millions € au cours des neuf premiers mois de 2016. La croissance a été stimulée par une hausse du trafic de passagers dans les aéroports du gorupe à Lima, au Pérou et dans les deux aéroports bulgares de Burgas et Varna ainsi que par des revenus supérieurs enregistrés par la succursale AMU Holdings aux États-Unis. Le BAIIA du segment, d'autre part, a diminué de 1,7 pour cent pour atteindre 157,5 millions €.  Cela a été dû à un effet ponctuel de l'année précédente (revenus supplémentaires issus de la vente de la succursale de services informatiques de transport aérien aux États-Unis) et à une hausse des dépenses d'exploitation pour les activités de service à FRA. Avec la dépréciation et l'amortissement en légère chute, le BAII du segment a baissé de 1,4 pour cent pour atteindre 97,2 millions €. Vous trouverez ici le rapport intérimaire du groupe. Des photos de haute qualité de Fraport AG et de l'aéroport de Francfort peuvent être téléchargées gratuitement à partir de la photothèque incluse dans la section Press Center du site Internet de Fraport. En outre, nous proposons un téléchargement gratuit de séquences vidéo à des fins de diffusion d'informations et d'actualités télévisées uniquement. Si vous souhaitez rencontrer un membre de notre équipe de presse à l'aéroport de Francfort, n'hésitez pas à nous contacter. Nos coordonnées sont disponibles ici. Fraport AG Christian Engel Porte-parole Service de presse, entreprise. Communications 60547 Francfort, Allemagne     Téléphone : +49 69-690-30713 E-mail:c.engel2@fraport.de 60547 Francfort, Allemagne Internet: http://www.fraport.com Facebook: http://www.facebook.com/FrankfurtAirport Pour plus de renseignements concernant Fraport AG, veuillez cliquer ici :


News Article | February 17, 2017
Site: www.businesswire.com

NEW YORK--(BUSINESS WIRE)--UBS Investment Bank today announced coupon payments for the ETRACS Alerian MLP Index ETN (NYSE Arca: “AMU”) and ETRACS Alerian MLP Index ETN Series B (NYSE Arca: “AMUB”), both traded on the NYSE Arca. * The table above provides a hyperlink to the relevant prospectus and supplements thereto for each of our ETRACS ETNs, which are identified by their names. For more information on each ETRACS ETN, see "List of ETNs". **"Current Yield (annualized)" equals the current Coupon Amount, multiplied by four (to annualize such coupon), divided by the Closing Indicative Value of the ETN on its current Coupon Valuation Date rounded to two decimal places for ease of analysis. The Current Yield is not indicative of future coupon payments, if any, on the ETN. You are not guaranteed any coupon or distribution amount under the ETN. ETRACS ETNs are senior unsecured notes issued by UBS AG, are traded on NYSE Arca, and can be bought and sold through a broker or financial advisor. An investment in ETRACS ETNs is subject to a number of risks, including the risk of loss of some or all of the investor’s principal, and is subject to the creditworthiness of UBS AG. Investors are not guaranteed any coupon or distribution amount under the ETNs. We urge you to read the more detailed explanation of risks described under “Risk Factors” in the applicable prospectus supplement, or product supplement and pricing supplement, as applicable, for the ETRACS ETN. UBS AG has filed a registration statement (including a prospectus and supplements thereto) with the Securities and Exchange Commission, or SEC, for the offerings of securities to which this communication relates. Before you invest, you should read the applicable prospectus, pricing or product supplement, dated as of various dates, and the prospectus dated April 29, 2016 to understand fully the terms of the securities and other considerations that are important in making a decision about investing in the ETRACS. The applicable offering document for each ETRACS may be obtained by clicking on the ticker symbol of each ETRACS identified above. You may also get these documents without cost by visiting EDGAR on the SEC website at www.sec.gov. The securities related to the offerings are not deposit liabilities and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency of the United States, Switzerland or any other jurisdiction. UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. The operational structure of the Group is comprised of our Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. UBS's strategy builds on the strengths of all of its businesses and focuses its efforts on areas in which it excels, while seeking to capitalize on the compelling growth prospects in the businesses and regions in which it operates, in order to generate attractive and sustainable returns for its shareholders. All of its businesses are capital-efficient and benefit from a strong competitive position in their targeted markets. UBS is present in all major financial centers worldwide. It has offices in 54 countries, with about 34% of its employees working in the Americas, 35% in Switzerland, 18% in the rest of Europe, the Middle East and Africa and 13% in Asia Pacific. UBS Group AG employs approximately 60,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE). This material is issued by UBS AG and/or any of its subsidiaries and/or any of its affiliates ("UBS"). Products and services mentioned in this material may not be available for residents of certain jurisdictions. Past performance is not necessarily indicative of future results. Please consult the restrictions relating to the product or service in question for further information. Activities with respect to US securities are conducted through UBS Securities LLC, a US broker/dealer. Member of SIPC (http://www.sipc.org/). ETRACS ETNs are sold only in conjunction with the relevant offering materials. UBS has filed a registration statement (including a prospectus, as supplemented by the applicable prospectus supplement, or product supplement and pricing supplement, for the offering of the ETRACS ETNs) with the Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. 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News Article | November 3, 2016
Site: www.prnewswire.co.uk

- Informe interno del grupo Fraport para los primeros nueve meses de 2016: Fraport registra un sólido crecimiento a pesar de las difíciles condiciones del mercado Las cifras financieras clave se reducen ligeramente en los primeros nueve meses de 2016 - Se estima que el resultado del grupo aumentará significativamente debido a los efectos especiales - La cartera internacional de Fraport logra resultados mixtos. FRA/gk-rap - En los primeros tres trimestres del año empresarial 2016, el grupo Fraport alcanzó unos ingresos de 1.940 millones de euros (ajustados para IFRIC 12), siguiendo su rendimiento positive desde el año anterior. El resultado operativo del Grupo o EBITDA (ganancias antes de intereses, impuestos, depreciación y amortización) se redujo ligeramente al dos por ciento a 677 millones de euros en los primeros nueve meses, mientras el resultado del Grupo cayó al nueve por ciento a 239 millones de euros. Asimismo, el flujo de efectivo operativo se redujo un cinco por ciento a unos 500 millones de euros en los primeros nueve meses. Como resultado, el flujo de efectivo libre se redujo al 20 por ciento a 310 millones de euros, reflejando también el mayor gasto de capital para la propiedad, planta y equipamiento en el Aeropuerto Frankfurt. El rendimiento financiero de Fraport se ha visto afectado en particular por la actual situación geopolítica, que ha conducido en parte a reducciones del mercado en tráfico de pasajeros tanto en el Aeropuerto de Fraport de la base de Fraport y, especialmente, en aeropuertos individuales del grupo dentro de la cartera internacional de Fraport. De enero a septiembre de 2016, un total de 46,7 millones de pasajeros pasaron por el Aeropuerto de Frankfurt (FRA), un 1,2 por ciento menos. El rendimiento de la carga (mercancía aérea + correo aéreo, excluyendo la carga de transferencia) ascendió un 1,1 por ciento a 1,55 millones de toneladas métricas, reflejando la ligera recuperación en la economía global. En cuanto al rendimiento empresarial del Grupo, el presidente de la junta ejecutiva de Fraport AG, el doctor Stefan Schulte, señaló el difícil entorno de mercado en el que está operando la compañía: "Como industria globalmente vinculada, la aviación se ve particularmente afectada por los actuales conflictos y riesgos geopolíticos. Y Fraport no es totalmente inmune a estos desarrollos. Por tanto, es incluso más importante que nuestro Grupo opera una cartera ampliamente diversificada, que esperemos genere efectos positivos considerables en el año empresarial en su totalidad". "Igualmente importante es el hecho de que las tendencias de crecimiento continúen estando intactas en la industria de la aviación. En general, Fraport ha alcanzado un rendimiento robusto durante los primeros nueve meses de 2016, a pesar de las difíciles condiciones de mercado". En vista de la actual recesión en la demanda del viaje aéreo como resultado de factores geopolíticos, que se manifestaron concretamente durante los meses de verano, Fraport mantiene su perspectiva para el año completo (actualizada tras la primera mitad de 2016), y aún está esperando un ligero descenso en el tráfico de pasajeros de año en año en FRA. El cuarto trimestre de 2016 verá efectos especiales positivos como resultado de los pagos recibidos de los proyectos de Manila y San Petersburgo. En Manila, el proceso de expropriación de 14 años concluyó con éxito. El pago concedido a Fraport como resultado de la liquidación tendrá un efecto neto de unos 120 millones de euros sobre el resultado del Grupo (después de impuestos). Además, la transacción de la venta parcial de la cuota de Fraport en su filial de San Petersburgo concluyó en octubre de 2016. Esto tendrá una influencia positiva en el resultado del Grupo por la cantidad de unos 35 millones de euros. El consejero delegado Schulte dijo: "La venta parcial de nuestra cuota en San Petersburgo ha demostrado que no solo somos capaces de comprar aeropuertos o concesiones, pero podemos también impulsar su atractivo entre los entornos de mercado difíciles, permitiéndonos venderlos por un beneficio". Para el año completo 2016, Fraport espera ahora que el EBITDA llegue de los 1.040 millones de euros a aproximadamente 1.080 millones de euros (en lugar del rango previamente esperado de 850 a 880 millones de euros).  Debido a los dos efectos especiales, el resultado del Grupo aumentará notablemente a un rango de unos 400 millones de euros a aproximadamente 440 millones de euros (antes, el resultado del Grupo superará ligeramente el nivel del año anterior de 297 millones de euros). Debido a los dos efectos especiales, el resultado del Grupo aumentará notablemente a un rango de unos 400 millones de euros a aproximadamente 440 millones de euros (antes, se esperaba que el resultado del Grupo superase ligeramente el nivel del año anterior de 297 millones de euros). La cartera internacional de aeropuertos de Fraport AG reportó resultados mixtos en los primeros tres trimestres de 2016. Los aeropuertos del grupo en Liubliana (Eslovenia), Antalya (Turquía), San Petersburgo (Rusia), y Hanover (Alemania) registraron reducidos números de pasajeros, principalmente debido a las condiciones marco geopolíticas. En contraste, los aeropuertos de Fraport en Lima (Perú), Burgas y Varna (ambos en Bulgaria), así como Xi'an (China) lograron tasas de crecimiento de doble dígito en los primeros tres meses de 2016. Perspectiva de los cuatro segmentos empresariales de Fraport Aviación: Los ingresos en el segmento de la Aviación cayeron al 1,9 por ciento a 793,3 millones de euros en los primeros nueve meses de 2016. Entre otras cosas, los ingresos del segmento se vieron afectados negativamente por la reducción en el tráfico de pasajeros en el Aeropuerto Frankfurt. Con unos gastos operativos permaneciendo a casi el mismo nivel, el EBITDA del segmento se contrajo al 4,6 por ciento a 192,4 millones de euros. Debido a la depreciación y amortización ligeramente superiores, el EBIT del segmento cayó al 12 por ciento a 98,5 millones de euros. Comercio minorista y bienes inmuebles: Los ingresos en el segmento de comercio minorista y bienes inmuebles mejoraron al cuatro por ciento a 370,9 millones de euros. El crecimiento se vio impulsado principalmente por unos ingresos superiores de las ventas de terreno, que más que compensaron el descenso en los ingresos del subsegmento de comercio minorista. La recesión en el negocio del comercio al por menos refleja una serie de factores, incluyendo menores números de pasajeros en FRA, un cambio en la combinación de pasajeros y una conducta de gasto más restringida por pasajero de media, parcialmente atribuible a los efectos de la tasa de cambio de la moneda. Por consiguiente, los ingresos de venta minorista netos por pasajero cayeron a 3,38 euros (desde 3,49 euros en el año anterior). El EBITDA del segmento se redujo al 1,5 por ciento a 281,9 millones de euros, debido a los mayores gastos operativos. Con la depreciación y amortización casi al mismo nivel, el EBIT del segmento alcanzó los 218,5 millones de euros (un 2,3 por ciento menos). Gestión en tierra: Los ingresos del segmento de Gestión en tierra se contrajeron un 7,6 por ciento de año en año a 478,2 millones de euros, debido principalmente a la venta de la cuota de Fraport en su anterior filial de carga FCS. Ajustado para este efecto, el segmento habría visto un incremento en los ingresos del 1,8 por ciento. A pesar del descenso en el número de pasajeros en FRA, el EBITDA del segmento creció 4,4 millones de euros a 44,9 millones de euros. Esto fue principalmente el resultado de menos gastos de personal y costes de materiales en relación con la venta de la participación en FCS en 2015. Impulsado por este efecto, el EBIT del segmento aumentó al 59,8 por ciento, a 15,5 millones de euros. Actividades y servicios externos: Los ingresos del segmento aumentaron al 8,2 por ciento, a 417,3 millones de euros en los primeros nueve meses de 2016. El crecimiento fue estimulado por un incremento en el tráfico de pasajeros en los aeropuertos del grupo en Lima, Perú, y los dos aeropuertos búlgaros en Burgas y Varna, así como mayores ingresos logrados en la filial AMU Holdings de la compañía en EE. UU. El EBITDA del segmento, por otro largo, cayó al 1,7 por ciento a 157,5 millones de euros. Esto se debió a un efecto excepcional el año anterior (ingresos adicionales de la venta de la filial Air-Transport IT Services en EE. UU.) y un incremento en los gastos operativos para actividades de servicios en FRA. Con la depreciación y amortización cayendo ligeramente, el EBIT del segmento se redujo al 1,4 por ciento, a 97,2 millones de euros. Las fotos de calidad impresa de Fraport AG y del Aeropuerto de Frankfurt están disponibles para descarga gratuita a través de la biblioteca de fotos localizada en nuestro Press Center en el sitio web de Fraport. Para noticias de televisión y fines de emisión de información, también ofrecemos material de metraje gratuito para descarga. Si desea conocer a un miembro de nuestro equipo de prensa en el aeropuerto de Frankfurt, póngase en contacto con nosotros. Nuestros detalles de contacto están disponibles aquí.


Beg P.,A.M.U.
The Scientific World Journal | Year: 2014

This paper presents a voltage mode cascadable single active element tunable first-order all-pass filter with a single passive component. The active element used to realise the filter is a new building block termed as differential difference dual-X current conveyor with a buffered output (DD-DXCCII). The filter is thus realized with the help of a DD-DXCCII, a capacitor, and a MOS transistor. By exploiting the low output impedance, a higher order filter is also realized. Nonideal and parasitic study is also carried out on the realised filters. The proposed DD-DXCCII filters are simulated using TSMC the 0.25 μm technology. © 2014 Parveen Beg.


Muzzammil M.,AMU
Journal of Hydroinformatics | Year: 2010

An accurate estimation of the maximum possible scour depth at bridge abutments is of paramount importance in decision-making for the safe abutment foundation depth and also for the degree of scour counter-measure to be implemented against excessive scouring. Despite analysis of innumerable prototype and hydraulic model studies in the past, the scour depth prediction at the bridge abutments has remained inconclusive. This paper presents an alternative to the conventional regression model (RM) in the form of an adaptive network-based fuzzy inference system (ANFlS) modelling. The performance of ANFIS over RM and artificial neural networks (ANNs) is assessed here. It was found that the ANFlS model performed best among of these methods. The causative variables in raw form result in a more accurate prediction of the scour depth than that of their grouped form. © IWA Publishing 2010.


News Article | November 17, 2016
Site: www.businesswire.com

NEW YORK--(BUSINESS WIRE)--UBS Investment Bank today announced coupon payments for the ETRACS Alerian MLP Index ETN (NYSE Arca:“AMU”) and ETRACS Alerian MLP Index ETN Series B (NYSE Arca:“AMUB”), both traded on the NYSE Arca. NYSE Ticker   ETN Name and Prospectus/Pricing Supplement*   Valuation Date   Ex-Date   Record Date   Payment Date   Coupon Amount   Payment Schedule   Current Yield (annualized)** AMU   ETRACS Alerian MLP Index ETN   11/15/16   11/25/16   11/29/16   12/7/16   $0.3160   Qua

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