The unemployment rate in the UK fell to its lowest level in more than a decade in May, a sign the labor market continued to strengthen in the run-up to Britain's referendum on membership of the European Union, while average weekly earnings edged up in the same month. The unemployment rate in the UK came in at 4.9% in the fifth month of the year, unaffected by the Brexit fears before the referendum. The unemployment rate in the UK measured on a three months moving average basis, therefore, fell below the level of the natural, or non-inflationary, unemployment level of 5.0% estimated by the Bank of England.
Today the ECB board should not disclose specific news. Analysts do not expect it new monetary stimulus, especially after not even the Bank of England cut rates, postponing the loosening of its monetary policy probably in August. The press conference of the Governor Mario Draghi will be important, however, because his words will express the intentions for September, when it is expected the strengthening of the apparatus of stimulus already being implemented.
The Greek government confirmed the raid, which took place in Athens in the house of a former UBS banker in the early days of the month, news already anticipated by the Financial Times. The investigation is relating to an alleged tax evasion. A bank spokesman said the institute would not have been informed by the Greek authorities in the investigation and therefore can not provide more details on the matter.
Moody's revised to negative from stable its outlook on the UK banking system due to the release of the UK by the European Union. "The change of the outlook - according to a Moody's statement - reflects the expectation that the heightened uncertainty about future trade agreements between Britain and the European Union will lead to fundamental weaker credit for the country's banks' .
The former London-based UBS trader Kweku Adoboli will not remain in the United Kingdom and will be extradited to Ghana, his country of origin. The Upper Tribunal of the Immigration and Asylum Chamber issued that judgment, rejecting his appeal to remain in Britain, where he lived from the age of 12 years. In 2011, Adoboli had been responsible for a loss of $ 1.4 billion, as a result of unauthorized trading. In 2012 he was sentenced to seven years jail for fraud.
The pound is enjoying a welcome relief-rally from oversold extremes. It follows the historic post-Brexit -15% cliff-drop, which pushed into the lowest levels since 1985. Since then, sentiment has mildly improved as the announcement of a new British prime minister removes a layer of political uncertainty. Furthermore, this week’s expected rate cut from the Bank of England is also likely to offer additional respite.
The shadow of Brexit stretches out on the global growth forecasts made by the International Monetary Fund, that according to the World Economic Outlook, has cut estimates on the world GDP in 2016 and 2017, respectively 3.1% and 3.4 %, compared to 3.2% and 3.5% indicated last April. "The result of the vote in the UK, which has surprised the financial markets, implies the materialization of an important downside risk to the world economy. As a result - the report says - the global outlook for 2016-2017 It worsened, despite the better than expected performance. "
For the Germans, the old love, D-mark, you never forget. In a note, the Bundesbank announced that, although 14 years have passed since the introduction of the single currency, 12.8 billion D-marks (6.53 billion euro) are still in the homes of the population in the form of banknotes and coins.
Deutsche Bank has decided to close or merge into "the most significant places, larger and more powerful", by 2017, 188 of 723 branches in Germany. Moreover, the institute has announced plans to increase banking services via the internet, investing, by 2020, 750 million euro in digital offerings. The plan does not come as a bolt from the blue: in June, the bank announced to cut 3,000 jobs in Germany, of which 2,500 in the commercial and private client division.
The "Pokemon Go" successful drag up the title that Nintendo has today gained another 14% to the Tokyo Stock Exchange to close at 31,700 yen (295 francs). Since the launch of the game, on July 6, Nintendo's market capitalization has more than doubled to 4.5 trillion yen (42 billion francs), more than that of Sony. Nintendo has also established a new record for the largest number of shares traded in one day in Japan, beating the record that he scored last Friday.
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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