Abe's cabinet approved a new package of fiscal stimulus measures by 28 thousand billion yen, approximately 244.5 billion euro. The goals of the operation are the revival of GDP to 1.4%, new measures to protect children, financial subsidies to 22 million low-income people, loans 10,700 billion yen for investment in infrastructure and 7 billion and a half for the direct fiscal spending for the national and local governments.
Credit Suisse and Deutsche Bank will be dropped from the Stoxx Europe 50, the index showing the performance of the 50 most important European companies. From Monday, August 8, the two banks will be replaced by the French group Vinci (construction) and the Dutch ASML (semiconductor industry), as indicated last night by index managers.
Daesh threats against Russia can not influence the position of Moscow in the fight against international terrorism, the Kremlin spokesman Dmitry Peskov said. The video released today by terrorists in which a man, masked, threatening Putin, exhorts his "brothers" Muslims for jihad against Russia led the government to express itself firmly. "These threats are not able in any way to influence the policy of Russia and President Putin in the fight against international terrorism, which of course will continue in all directions," Peskov told reporters.
British Airways increasing talk Arabic. Qatar Airways has announced that it has reached the 20.01% stake in the former British flag carrier. It is the fourth time in three months that increases its shareholding in Anglo-Spanish group that includes, among others, British Airways, Iberia and Vueling, taking advantage of more than 20% decline blamed by the vote on Brexit.
For the first time Tokyo will be led by a woman. The elections, which were held on Sunday to elect a new local governor, the third in three years, have seen the victory of Yuriko Koike, previously the first woman to head the Defense Ministry. The victory, in the metropolis of 13 million residents, was obtained with a gap of more than a million votes over second classified, the rival Hiroya Masuda, supported by the Liberal Democratic Party of Prime Minister Shinzo Abe.
The Swiss National Bank could return to action in the foreign exchange market. This was stated by President Thomas Jordan during a conference on the Indonesian island of Bali who added that the institute, although the situation is difficult, has a certain room for maneuver. Jordan has referred in particular to a negative inflation rates and an overvalued franc. The SNB wants to prevent the national currency will further strengthen against the euro, as this occasion "poison" for the country's economy. Moreover, the Swiss currency "suffering" particularly of its status as a safe haven in times of severe turbulence.
The exchange of tax information between Italy and Switzerland is officially operational. By notification through diplomatic channels, of the Milan Protocol of 23 February 2015 - which took place on July 13 but only made public Thursday, July 28 for an inconvenience in operation rituals - is in full force and effect of the strengthened tax rogatory mechanism, in changing the historic Swiss-Italian Convention of 1976 preventing double taxation.
UniCredit participated in the 2016 stress tests conducted by the European Banking (European Banking Authority - EBA), finishing fourth worst place among the 51 European banks for on a transitional basis the capital, and the sixth worst adverse scenario, surpassing however the exam. The result has led the leadership to issue a statement reassuring on the next steps that will perform "to understand the extent to which credible management actions can offset part of the scenario adverse impact, to assess the impact of the results on forward looking capital plans UniCredit and its ability to meet the needs of their own funds and to determine whether additional measures or changes in the UniCredit capital plan are necessary".
The number of people filing for unemployment benefits in the United States last week rose more than expected, fresh figures from the Department of Labor revealed on Thursday. Initial jobless claims grew by 14,000 to 266,000 in the week ended July 23, compared to the previous week's revised figure of 252,000, while market analysts expected jobless claims to rise by 9,000 to 261,000 in the reported week.
There is optimism in terms of Mps 5 billion recapitalization and the sale of about 9.6 billion net impaired loans, which will be approved today by the board of the bank. The Board of MPS is moving towards the rejection of the proposal by Corrado Passera and UBS, according to sources close to the situation.
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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