News

24.10.2016

AT&T Time Warner merger to create a giant media company

AT&T has reached an agreement to buy Time Warner Inc. for $85.4 billion, $107.50 a share, evenly split between cash and stock. AT&T, the nation’s second largest cell phone carrier, will gain control of TV networks like HBO, TNT and CNN in the biggest deal of its kind since Comcast acquired NBC Universal five years ago. The companies said they expect the deal to close by the end of 2017. “Premium content always wins,” said Randall Stephenson, AT&T chairman and chief executive. “It has been true on the big screen, the TV screen, and now it’s proving true on the mobile screen.” 

 
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21.10.2016

Belgium's Wallonia region could burn CETA deal

Ceta, the trade agreement between Eu and Canada, could go in flame. Today, International Trade Minister Chrystia Freeland's efforts to convince the holdout Belgian region of Wallonia to agree to the European Union's wide-ranging free trade deal with Canada have ended without a resolution. All 28 EU governments support the Comprehensive Economic and Trade Agreement (CETA), but Belgium cannot give assent without backing from five sub-federal administrations and French-speaking Wallonia has steadfastly opposed it. Wallonia counts about 3.5 million people, less than 1% of the 507 million Europeans CETA would affect. The deal aims to eliminate 98% of tariffs between Canada and EU.

 
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21.10.2016

Russia could raise oil output

The oil trend is still fluctuating. According to Claudio Descalzi, Eni CEO, although the cost per barrel suffers decided fluctuations, the price remains in continuous ascent: "It grow up by 33-34 dollars per barrel and reached 50 and this is combined with the fact that the offer, then the production, was down compared with the demand. "

 
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21.10.2016

Nissan became 4th largest auto group after controlling stake in Mitsubishi

Now it's official: Nissan bought 34% stake in Mitsubishi. The deal cost Nissan $2.3 billion, according to the Wall Street Journal, and brings Mitsubishi into the Nissan-Renault Alliance. Carlos Ghosn, CEO of both Nissan and Renault, has been nominated to be the new chairman of the Mitsubishi board. The agreement created the world’s fourth-largest auto group, after Toyota, Volkswagen and General Motors.

 
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21.10.2016

Gold fails to break resistance and retreats

The bullion retreated back to near 1,260 levels on Friday morning, as the metal failed to break through the resistance cluster, which it faced on Thursday. Although, the outlook looked bright for the yellow metal on Thursday morning, the metal failed to break through the weekly R2 and monthly S2 near 1,273. Afterwards, even the 200-day SMA failed to support the bullion, which fell and continued the fall on Friday morning to reach the support provided by the weekly R1 at 1,261.62. However, it is still possible at large that the metal will continue to fall during the rest of the day. 

 
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21.10.2016

Malta’s RICC regime: the Honeycomb fund services platform (by Zeta)

In recent years Malta has continued to evolve into an ever-stronger and robust financial domicile, attracting financiers and investors alike This has been catapulted further by the island’s alluring and favourable tax schemes coupled by new approaches to fund management and investment schemes in its on-going determination to find innovative means to find dynamic, business-friendly solutions for business people.

 
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21.10.2016

UBS, Amazon unit to create digital financial expert

UBS and Amazon are teaming up to test a digital tool which could help investors to choose their financial strategy. The project is an endeavor by the UBS Wealth Innovation Lab in Zurich, led by Dave Bruno, the bank said in a statement on Thursday.  "Amazon Alexa" will be the digital voice of "Amazon Echo", an hands-free speaker, and will answer over financial questions made by customers. The iniziative will be tested on November with a "select group", the bank didn't reveal other details. 

 
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21.10.2016

Mondo TV close a deal with Nine Hong Technology

Mondo TV has reached an agreement with Nine Hong Technology, a Hong Kong-based company, for the purchase by the latter of a share of 70% of the exploitation rights of the new projects that Mondo TV will produce with Henan York Animation , announced a few days ago, and two other projects for China and 10% of the exploitation rights in the rest of the world.

 
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20.10.2016

ECB is waiting for December to change programme

he European Central Bank (ECB) on Thursday confirmed monthly purchases of $80 billion in government paper, known as the quantitative easing (QE) programme  while interest rates remained flat or come lower for a prolonged period with the principal rate at 0.00%, the bank deposit rate at -0.40% and refinancing rates at 0.25%.

 
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20.10.2016

Switzerland opened investigation over Equatorial Guinea Vice President Obiang

Swiss prosecutors have begun a preliminary investigation into Teodorin Nguema Obiang, the son of the president of Equatorial Guinea, who is set to go on trial in France for alleged misspending of public funds, as the Switzerland's 24 Heures newspaper reported Tuesday. The Swiss Federal Office of Justice confirmed it had sent a judicial request to French authorities seeking support for its probe of Obiang. He is accused of acquiring real estate, luxury cars, art and other goods in France with public funds from the native country. Geneva prosecutor's office spokesman declined further comment about the investigation.

 
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