The economic recovery in the euro area continued, supported by domestic demand, while export growth remains modest. Looking ahead, the economic recovery should proceed at a moderate pace. The Economic ECB Monthly Bulletin explaining how "domestic demand continues to be supported by the transmission of monetary policy measures of the real economy ECB" but the risks to the outlook for growth "remain on the downside": Brexit, other geopolitical uncertainties, the outlook for growth contained in emerging markets. "It 's likely that inflation rates remain very low in the coming months and then go back later in 2016 in large part due to the reasons of the base effects of change on-year rate of energy prices". In the newsletter it is stressed that with the support of the "monetary policy measures and the expected recovery of the economy, inflation rates are expected to rise further in 2017 and 2018". The ECB continues to expect that interest rates will remain at levels equal to or lower than the current ones for an extended period of time, far beyond the horizon of the net asset purchases. "In economic bulletin states that" if necessary "Frankfurt ready to act "using all the tools available within its mandate." Finally for the ECB, "the bank lending survey in the euro area for the second quarter of 2016 showed further improvement of the offer conditions of loans to businesses and households and the continuing increase in demand for all categories of loans. " Therefore, according to the institute in Frankfurt, "it is essential that the channel of bank loans continue to function properly."
The Swiss labor market is unlikely to improve in the coming months: it is the result of the use indicator calculated by the economic research center at ETH Zurich (KOF). In July it stood at -1.5 points, in progression compared to -2.6 points in the previous survey, dating back to April, but it remained negative.
The based-company Neuchâtel watchmaking Zenith , the historic luxury brand, aims to close three of its eleven stores worldwide, including the only one in Switzerland, in Geneva. The store will cease next week, indicated the manager confirming a report published today by Le Temps. The three employees affected by the closure of the Geneva shop have found a work place in the group, as reported. By 2017 two more closures will occur; at the time the company has not yet announced because its employees have not been informed. The restructuring will not touch any case Japan, Hong Kong and China.
Biogen is in the sights of giants like Merck and Allergan. According to rumors reported by the Wall Street Journal, Merck and Allergan they would have raised the possibility of an acquisition of the US biotechnology group. Negotiations are at an early stage. If it happens, it'd be the biggest deal since 2008 when Roche acquired Genentech. Representatives from Merck and Biogen did not immediately respond to request for comment. Allergan declined to comment.
Undeclared work increases the Germany's welfare, as a group of economists interviewed by Bild said. The German tabloid has opened a debate on the economy submerged after a study by the Institut der deutschen Wirtschaft Iw of Cologne showed that 80% of domestic workers in Germany work in black. Despite the regularization process has increased in recent years, still one in ten is occupied irregularly.
Conflicting advice from Service PMI Index of the major Eurozone economies. In Italy, the indicator of the non-manufacturing recorded in July an increase to 52 points. The figure compares with 51.9 points the previous month and 51 points expected by analysts. As for Germany, the July PMI stood at 54.4 points against 54.6 points recorded in the estimate. Finally, at the Eurozone level, the PMI services amounted in July to 52.9 points against 52.7 points estimated. Recall that a PMI Services, below 50, reports a contraction of the economy and a higher level indicates growth.
Hackers have compromised the Bitcoin exchange Bitfinex, the company announced today, withdrawing roughly $61 million from various consumer accounts. The causes are still unclear, but the attackers appear to have bypassed Bitfinex’s mandated limits on withdrawals. "The theft is being reported to — and we are co-operating with — law enforcement," the statement reads. "We ask for the community’s patience as we unravel the causes and consequences of this breach", the company posted the note on their website detailing the security breach.
The Bavarian Government will cause to Volkswagen. The fall in the price of the automaker's shares in Wurzburg, it said in a statement, determined by dieselgate damages the Bavarian pension funds. Bavaria's state pension fund for civil servants lost as much as 700,000 euros ($ 783,580.00) after VW shares plunged in the wake of the Sept. 18 revelation by U.S. regulators of the carmaker's manipulation.
Recep Tayyip Erdogan accused the European Union and its representative Federica Mogherini had spoken without knowing the reality, on the attempted coup in Turkey, committed, he said, by a "layered structure" comparable Italian Mafia or P2. "Mogherini would not have to talk," Erdogan said in an exclusive interview to the Italian TV RaiNews24. "It was instead to come to Turkey" as well as European leaders go in the places struck by terrorism. "It 's an ongoing coup that made 238 martyrs but no one came here," continued the president turkish. "If they had bombed the Italian parliament Mogherini would have said that was fine? To be concerned about the processes that would follow?", He asked, explaining that the introduction of capital punishment is desired "57% of Turkish citizens": "If the parliament will vote for the death penalty, then no one will say anything. "
Housing crisis grows. According to data released by the Resolution Foundation think tank, there was a drop in the number of homeowners in England, recording the worst figure in the last thirty years. The percentage of households that own a home, including those with a mortgage, reached its peak in 2003, to 71%, to collapse this year at 64%, a figure not seen since 1986.
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
Dieser Event ist ausschliesslich für Pensionskassenvertreter (Stiftungsräte, CEOs, Anlageverantwor
Nach Jahren des geldpolitischen Experimentierens sind die Finanzmärkte so verzerrt wie selten zuvor
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