Ryanair cut its full-year profit forecast by 5% Tuesday, lower than previously expected, due to the pound's slump since Britain voted in June to exit the EU, heaping more turbulence on a troubled sector. The Ireland-based company now expects full-year earnings of between €1.30 billion (£1.17 billion) and €1.35 billion (£1.22 billion), down from the previous range of €1.38 billion (£1.24 billion) to €1.43 billion (£1.28 billion).
It has been a quite difficult year for stocks markets so far. Despite the barely positive performance of the Standard & Poor’s 500, a modest 4% since January, the European indexes still show an average loss of -7%. Japan is registering a double digit loss, just compensated by a rise in the currency that turns into neutral its performance when calculated in US dollars. The good surprise of 2016 comes from the emerging markets, usually very volatile and vulnerable to global uncertainties. After underperforming for years, the emerging markets are in good shape, in the middle of a bull trend that has started from the major bottom of last January. Since the beginning of 2016, the MSCI Emerging market index, total return in US dollars, has grown 15%, a much more consistent 33% when measured from the January’s low.
To date there has been scarcely any data on asset management in Switzerland. In particular, there has been no information available on the managed volumes of discretionary asset management mandates from the perspective of Switzerland as a production location.
BSI planned a series of layoffs, as reported yesterday by leaders of the bank's to RSI television: cutting 14 employees (out of a total of 1,200 employees in Switzerland) are not part of a restructuring process, as "Dismissal it is an ordinary measure developed over time due to poor performance."
Saudi Arabia is set lo launch its first international bond on Wedsneday, as the Financial Times reported; the initial price guidance of the bond is set to be somewhere between $10 billion and $15 billion, the largest ever from West Asia. The final figure will be released on Tuesday. It comes at a time where Saudi Arabia is looking to plug the budgetary deficit it has had since the drop in oil prices last year.
US Industrial production rose less than expected in September, suggesting the economy grew at a moderate annual pace in the Q3. The Federal Reserve revealed on Monday the country's industrial output advanced 0.1% in September, compared to the preceding month's downwardly revised fall of 0.5%, while market analysts anticipated a rebound of 0.3% in the reported period. On an annual basis, industrial production increased 1.8% in the Q3, marking the first quarterly rise since the Q3 of 2015.
The Singapore Bullion Market Association (SBMA) announced the launch of a joint feasibility study between the SBMA, LBMA and ICE Benchmark Administration (IBA). The study will focus on customers' needs for a LBMA Pre-AM Gold Price at 14:00 Singapore Time (06:00 GMT), Lim Hng Kiang, minister for trade and industry and deputy chairman of the Monetary Authority of Singapore, told an industry conference on Monday. "We hope to make a reputable gold benchmark mechanism in London available to Asian users," SBMA's chief executive, Albert Cheng, told Reuters. Cheng said a feasibility study is being carried out, and "if there's enough interest, the IBA will consider launching it early next year." This initiative is supported by International Enterprise (IE) Singapore, the government agency driving international trade.
the Director of FINMA Mark Branson believes that the audit system that controls the banks should be changed. In an interview with Le Matin Dimanche and SonntagsZeitung, Branson says "there is no denying a certain conflict of interest." The auditing firms control for the Federal Authority of the financial market supervision, but are remunerated by their own representative or banks. The risk of a conflict of interest tends to increase "when an audit is required to announce bad behavior", says the Director of FINMA.
PepsiCo announced on Monday that it will start reducing the amount of sugar in its soft drinks all over the world and that by 2025 at least two thirds of its drinks will have 100 calories or fewer from added sugar per 12 oz serving, up from about 40% now. PepsiCo and rival company Coca-Cola have faced mounting pressure from health experts and governments who point to their products as a driver for obesity and diabetes, Fortune reports. Its 2025 goals also include targets for lowering sodium and saturated fat.
Launched in 1997, WEREE has been advised by Elbrus beginning October 2013. Over the three years, it has improved its risk-return profile and has significantly outperformed its benchmark and competitors. The Fund is now in the top quartile performance among its peers for the period and ranks highly in industry databases and monitoring services such as Morningstar1 (4 stars) and Quantalys2 (5 stars). WEREE invests in liquid listed equities in Central and Eastern Europe, including Russia and the former Soviet states. The Fund implements a hybrid investment process that combines fundamental research stock selection with a model-driven macro overlay that determines the appropriate level of equity exposure for a given period or market environment.
MGF Fall Edition is Presenting twelve High Growth companies both public and private i
"Investire nel mattone" è probabilmente una delle scelte meno rischiose. La casa è un bene rifugio
Two years after two historic global agreements were established, leaders and other change agents in
Im September haben die Schweizer Stimmbürger die „Altersreform 2020“ des Bundesrates abgelehnt.
The 2017 symposium, with the theme "Successfully crossing borders", will have a strong focus on the
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