apan plans to discuss a number of specific proposals with Russia to be partakers with its entrepreneurs to the development of the agricultural sector in the Russian Far East. According to the newspaper Sankei Shimbun, the Minister of Economy, Trade and Industry Hiroshige Seko will visit Moscow to discuss these proposals on November 1.
Australia confirms its flexible inflation target in the range 2-3%. In a joint statement, the Reserve Bank of Australia and the Australian Government reaffirmed the view that the flexible inflation target represents the right way to achieve price stability in the medium term, Treasurer Scott Morrison said in a statement. The stance comes in response to the debate on the correctness of this objective, in view of the sharp slowdown in inflation.
The president of the Bundesbank, Jens Weidmann believes that the ECB can not stand still for too long: "Under no circumstances can interest rates remain so low for longer than is absolutely necessary with regard to price stability" he said on Monday. The number one of the German Central Bank also does not take sides in a positive way towards extension of the quantitative-easing plan, which will expire in March 2017, but at the same time makes it clear they do not want to take for granted such a decision.
Credit Suisse corrects upwards its growth forecasts for the Swiss economy this year: according to the institute's economists, the gross domestic product will increase by 1.5% this year, versus + 1.0% expected previously. The 2017 estimate remains unchanged, fixed at 1.5%. And the bank warned: stronger expansion is closely related to the immigrants, who are required to increase the workforce. The Swiss economy will not get back into full swing in 2017 either, due to a lack of momentum among key growth drivers – in particular immigration. These are the conclusions of the Credit Suisse economists in the latest issue of "Monitor Switzerland".
OVS, Italian clothing chain, has launched a takeover bid for Charles Vögele Holding, active in the fashion retailer, with 760 stores including Switzerland, Germany, Austria, Holland, Belgium, Eastern Europe and annual sales of about 800 million Swiss francs . The goal is to acquire a minority stake of 35% in Sempione Retail for a total investment of 14.1 million Swiss francs and no significant impact on indebtedness. Sempione Retail is the vehicle through which it was launched the takeover bid for the shares of Charles Vögele Holding, at a price of 6.38 Swiss francs each.
Standard & Poor's upgrades Russia's outlook. Analysts believe that GDP should increase by 1.6% for the next three years, despite the sanctions imposed by Europe to Moscow to the Ukrainian question. "The exogenous risks for Russia - the note reads - have been reduced significantly in a context in which the economy of the country comes to terms with the double shock linked to lower oil prices and sanctions imposed by the European Union and the United States ".
Consumer prices rose 0.2% in August, after the data unchanged in July, according to the Bureau of Labor Statistics (BLS). Analysts' forecasts expected up 0.1%. The growth was 1.1% year-on-year, above expectations for a gain of 1.0% and after having risen 0.8% in July. The so-called core CPI, which is the consumer price index adjusted for the more volatile components such as food and energy, showed an increase of 0.3%, after + 0.1% the previous month. The annual figure is however at 2.3%, up from + 2.2% in July.
When something extraordinary happens, such as Brexit, it is necessary to observe and analyse its potential financial and economic impact. While the first steps must still be taken in the negotiations for the UK’s exit from the EU, together with Keller Zable we have taken a look at the possible scenarios in the real estate market, with particular attention to Great Britain, the rest of Europe and possible developments.
Dagong Europe has published a commentary entitled Top 5 Europe Based Multiline Insurance Groups: Performance and Outlook. The new commentary analyses credit characteristics, the latest performance and trends of the top five composite insurance groups by premium volumes based in Europe, namely AXA, Allianz, Generali, Aviva and Zurich. The report looks at the peer group on aggregate basis to assess overall characteristics and trends and to lesser extent on individual basis, mainly to understand and explain the underlying drivers.
Regulierung – seit der Finanzkrise prägt der Ruf nach mehr Kontrolle das Banking: Wegen regulator
Die Fonds-Konferenz der SKSF ist eine wichtige, branchenspezifische Plattform für Wissens- und Erfa
2 evenings to find out about the latest from the digital industry & 2 days to find ideas and to crea
ICDA will return this year to its alpine home for the 38th Bürgenstock Meeting.
The objective of the Conference is to bring together all the diverse stakeholdersinterested in a pol
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