Ilva remains Italian. After the setback made in recent days by turkish Erdemir Group, the consortium for the rescue of Ilva has always seen eye with a favor from the government, was born. Yesterday the Board of Directors of Cassa Depositi e Prestiti chaired by Claudio Costamagna has been convened in extraordinary session to decide the new action plan the view of the expiry, in less than 36 hours, the deadline for submission of binding offers .
S & P has no plans to cut the sovereign ratings of other EU countries following the 'leave' victory in the British referendum last week. The statement was made by the head of sovereign ratings agency Moritz Kramer, during a video conference. On Monday, according to the result of the referendum, S & P had cut two notches its assessment on the UK, to AA from AAA, maintaining a negative outlook.
Swiss tourism may soon have to deal with the collapse of the pound, a result of the referendum on Brexit in the UK. The statement, made by the vice president of Switzerland Tourism Urs Eberhard to press agency ATS, also makes it clear that the canton Valais would suffer more the drop in overnight stays than others.
Brexit is just the beginning, to provide a negative future is the prestigious Financial Times in an editorial signed by Wolfgang Munchau, known for being generous with catastrophic forecasts, prefers the title "Italy could be the next domino piece to fall". Proposing a comparison between the referendum just held in Britain, the date set for October in Italy on constitutional reforms, on which the President of the Council Matteo Renzi has bet a lot, and that the Referendum of 5 Stars leader, Beppe Grillo, has just reiterated it intends to play on the euro, the columnist goes on to hypothesize an Italy out of the single currency.
What will happen next is very difficult to assess, and this lack of visibility is the very reason why markets should remain very volatile and unpredictable over the months to come. Politics will outshine market fundamentals, where the UK and the EU will enter into long and complex negotiations.
The Volkswagen Group, overwhelmed by the scandal Dieselgate last autumn, would be ready to sign an agreement to compensate the 475,000 buyers of cars sold in the US as a non-polluting. Terms of the deal, although not known at the time, would cover only part of the cars sold by the German giant; compensation could even be the record for the largest class action in America, reaching up to 15 billion dollars. Of the total figure, he writes the New York Times, 10 billion will be reserved to purchase vehicles at the prices they had before the scandal broke. The compensation offered to the owners of the cars will go instead from $ 5,000 to 10 thousand, depending on the value of the vehicle before last September, which is the time when Volkswagen admitted publicly that his cars designated as "clean".
Technical analysis is constituted by several operative techniques. One of the most efficient, confirmed also by various academic studies, is the use of relative strength. Relative strenght is a stock selection process that argues that the strongest stocks are the best future performers.
While analysts and traders from New York to London predict a further rise in gold, one of the veterans of the investment, Jim Rogers, states that, after the Brexit, prefers to focus on the dollar as a safe haven and not on the yellow metal. Rogers, like George Soros, was among the founders of the Quantum Fund, the legendary US fund that in the 1970-1980 decade earned 4,200% while the S & P was only 47% advanced. It's also the father of the Rogers International Commodities Index (Rici) at the end of the nineties and works as guest professor teaches finance at Columbia Business School.
According to the Ifo Institute of Economic Research, German business sentiment improved in June, despite all the turmoil caused by the EU referendum in UK. Economists were expecting the reading to disappoint, falling from 107.70 to 107.50, while the actual result was 108.7 points. The German Business Climate is calculated by a number of surveys from different firms and companies in a handful of sectors, such as construction, wholesales, manufacturing, retailing, services, which altogether provide insight on the German economy. The given release is important, as it tends to also provide a preliminary forecast for future economic activity and the economic conditions in the Eurozone overall. Furthermore, the survey consists of approximately seven thousand businesses, which are asked to assess the economic outlook for the upcoming six months.
Iran will sell its oil only accepting Euros as payment, thus cutting out the US dollar; the announcement was made by the Oil Minister Bijan Namdar Zanganeh, the Iranian all-news network Irinn. The choice of a country member of OPEC, the separation from the American currency, it would be the first attempt to do so after several replacement hypothesis; Iran exports 2.3 million barrels per day since part of the Western sanctions were removed.
Only a little more than half a year is remaining until implementation of PRIIPs and MiFID II, and th
This presentation will look at profiting from the use of Ichimoku Clouds.
Confronto su come competizione, statistica, gaming e psicologia ne rivoluzioneranno il mondo.
Lo Shipbrokers and Shipagents Dinner è uno degli eventi più importanti nel panorama mondiale della
Within the framework of this presentation, Viktor Pershikov, MFTA, (a leading technical analyst in R
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