The Zhukovsky airport, the fourth Moscow International site, opened its doors despite the decline in air traffic caused by the economic downturn and the international sanctions imposed on Russia. Inaugurated by Prime Minister Dmitry Medvedev, the airport is located in the small town of Ramenskoye, near Moscow; it is the only airport in the Russian capital belongs to foreign investors, and by 2017, it will be quoted on the Stock Exchange, the first airport in the country. The first airport operator is the Air Kyrgyzstan, Kyrgyz airline, whose flights are being transferred to the new airport in the airport Domodedovo. The airport management company, Ramport Aero, said that will have a capacity of 4 million passengers a year.
According to market expectations, the European Central Bank left interest rates unchanged at the end of the Monetary Policy Council. The main rate remains stuck at a record low of 0.00%, the rate on bank deposits to -0.40% and the marginal lending facility at 0.25%. The ECB announced after the meeting that was held in Vienna. The plan of the corporate bond purchases ECB will start on June 8 and June 22 will be the turn of the maxi-Tltro loans to banks.
The Saudi Arabia sovereign fund invested $ 3.5 billion in Uber, bringing in $ 11 billion for the investment reserves of the American app, now owning 5% of Uber. This is the largest investment ever made in a private company by the fund: its general director Yasir Al Rumayyan will enter the board of directors. While in the Middle East Uber is spreading more peaceful and comprehensive way, one of the cities where it is growing most is Cairo. As the Financial Times notes, in Saudi Arabia, Uber is popular as a result of the transport needs, due to the fact that women are forbidden to drive.
New economic recovery signals for the Swiss industry: in the second quarter, the UBS barometer of small and medium-sized enterprises (SMEs) rose to -0.16 points, compared with -0.18 points in the first three months of the year . For large companies, which compared to the smaller ones have suffered less than the ex-strengthening, it has gone from 0.24 to 0.52 points. "The industry seems to have started to get back on top," the UBS economists commented in a statement today. In the second quarter barometers they have reached the highest level since October 2014. Regarding SMEs contributed to this improvement especially the increase in orders and backlog slightly higher than the previous month. The forecasts relating to orders for the third quarter were however not very rosy, a fact that probably prevented a more marked elevation of the barometer.
Credit Suisse will issue 75.5 million new shares to finance the optional dividend paid for the year 2015. The increase represents 3.8% of the current share capital. The price was fixed at 12.47 francs per title. Shareholders have exercised almost 1.3 million option rights in favor of a dividend in the form of new shares. Yesterday it was the last day to choose the payment method, like a today's press release mentions. The issue price was calculated on the basis of the reference price of the shares Credit Suisse, or 13.86 francs, less 10%. The distribution will take place on June 6th.
The merger between the London Stock Exchange and Deutsche Boerse could involve cutting 1,250 jobs in what would become the largest European square. The predictions announced the two companies even if the London Stock Exchange states that will create 200 new jobs to create new initiatives, waiting for July 4, the London Stock Exchange shareholders approve the transaction. LSE shareholders will receive 0.4421 new shares for each LSE share they own, those of Deutsche Boerse will receive one new share for every Deutsche Boerse in the portfolio.
Requests for loans from American families return to fall, despite the Fed's decision to freeze rates. In the week ending May 27, the index that measures the volume of mortgage applications decreased by 4.1%, after + 2.3% recorded in the previous week. About the index relating to refinancing applications it marked a decrease of 4%. This was announced by the Mortgage Bankers Associations (MBA) stating that the rates on thirty-year mortgages remained stable at 3.85% as in the previous month.
Swiss KOF leading indicator, designed to predict the Swiss economy over the next 6 months hit a new high reading at 102.9 since 1 year. The KOF continues to trend higher, which is a sign Swiss companies have started to adapt to the stronger franc.
Credit Suisse retired from private banking activities in Panama: the local advisory units, which includes about twenty employees, will be closed, indicated a spokesman for the bank, confirming a news released by the Swiss portal Finews financial news. According the press officer, withdrawal from the Central American country had long planned and therefore is not a decision following the Panama scandal Papers, confidential documents on popular offshore company last April.
The new OECD report on the growth of developed countries estimates a modest world economic growth, due to a series of short-term risk factors such as Brexit, geopolitical tensions and market volatility. According to the chief economist of the organization, Catherine Mann, the world economy "has fallen into a low growth trap", so much so that the last OECD Economic Outlook report sees a global GDP growth of 2.1% in 2016 and 3.2% in 2017. Even conservative estimates for GDP in the OECD area, expected to slow to 1.8% this year and recover to 2.1% in 2017. For the Eurozone is estimated a 1.6% growth and the 1.7% and for the United States by 1.8% and 2%.
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Die Fonds-Konferenz der SKSF ist eine wichtige, branchenspezifische Plattform für Wissens- und Erfa
2 evenings to find out about the latest from the digital industry & 2 days to find ideas and to crea
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