In line with the Irish QIAIF and the RAIF within the Lux Rule books, Malta has now the Notified AIF (“NAIF”) regime in terms of the Investment Services Act (List of Notified AIFs) Regulations 2016. Such structure will make it easier for fund promoters to launch their investment vehicle as the timing to market is limited to 10 working days, i.e. the period required by the MFSA to include the AIF in the List of Notified AIFs. Needless to say, such period is subject to the completeness of the notification pack as required by the Authority.
The International Monetary Fund (IMF), after an year's delay, has approved a $1 billion aid tranche for Ukraine from its $17.2 billion bailout program. The IMF will disburse an additional $1 billion (889.3 million euros) to Kyiv, the fund's first aid package for the country since the $17.5 billion program was held up in August 2015. The latest decision brings the total amount of aid disbursed to Ukraine by the IMF to $7.62 billion. "The positive decision by the IMF is evidence that the world recognizes that reforms are happening in Ukraine, that real and positive changes are happening in Ukraine, and that the country is moving in the right direction," Poroshenko said in a statement.
The EU summit will begin tomorrow in Bratislava, but some key issues have already appeared on the table: "We need to protect our external borders but we must take joint responsibility", is the statement released to press by the German Chancellor Angela Merkel after the meeting with French President François Hollande in Paris.
Applications for unemployment benefits in the US in the week ended on September 10 grew slightly. Jobless claims rose by 1,000 to 260,000 from 259,000 the previous week. Analysts' forecasts were instead for an uphill 265,000. Applications have come in below 300,000 for 80 straight weeks, longest streak since 1970.
Twitter is entering the TV world. The social network is launching a new application for Apple TV, Amazon Fire TV and Microsoft Xbox One that will allow anyone with these devices to watch live programs, from sports to financial news. The main agreement that Twitter has signed is the one with the American National Footbal League: users can also watch the games via the new app, starting today, alongside multimedia content and "social" selected ad hoc. For example, real-time updates of the athletes, the fans, the team. The app is free and users will not need a Twitter account to watch the events, but they will be exposed to advertising from the social network.
The ECB did not announce changes to its monetary policy last week. Draghi also gave no indication as to possible future action, as he often used to do, and has categorically refused to comment on any potential evolution of the QE program (purchase of stocks, bank bonds or even helicopter money).
The banking sector in Europe could more easily see the merger and acquisition (M & A) only among the small and medium-sized banks, not the big banks, such as Deutsche Bank and Commerzbank, which were recently riding rumours of a merger. "Mergers and acquisitions among mid-tier EU banks are more likely than large-scale deals such as between Deutsche Bank and Commerzbank, whose recent discussions were reported in the media," Fitch said.
The Swiss National Bank (SNB) left unchanged its monetary policy: the 3-month Libor remains between -1.25% and -0.25% while the deposit rate is at -0,75%. "The negative interest rate and the SNB's willingness to intervene in the foreign exchange market are intended to make Swiss franc investments less attractive, thereby easing upward pressure on the currency", the SNB wrote in the note. For 2016 as a whole, the SNB now expects growth of approximately 1.5%. The institute also reaffirms its intention to remain active on the currency market if necessary. The decision does not represent a surprise: they were expected by all experts polled by Reuters last week.
The German Real Estate market is in a boom phase. The reason, according to a study by Postbank, must be sought in the fact that investors are taking away the savings from the stock and bond market to invest in real estate. Although most Germans seems to prefer the rent to the purchase of the house, the sector of real estate has become an increasingly attractive option. This not only because the cost of rent has suffered significant tweaks to the upside, but also for the obvious benefits that come from a battered economy that continues pushing the monetary policy banks to keep interest rates at historic lows.
The Italian Revenue Agency has specified that the effectiveness of the waiver stops at February 22, 2015, exactly one day before the signing of the agreement between Bern and Rome. The waiver is a permission granted by the Italian current account to his Swiss bank to disclose its financial data to the administration of residence as part of the voluntary disclosure. The communication of information were intended to assign the right sanctions and failure doubling declaratory terms to taxpayers with accounts in collaborative spontaneously countries.
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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