Standard & Poor's upgrades Russia's outlook. Analysts believe that GDP should increase by 1.6% for the next three years, despite the sanctions imposed by Europe to Moscow to the Ukrainian question. "The exogenous risks for Russia - the note reads - have been reduced significantly in a context in which the economy of the country comes to terms with the double shock linked to lower oil prices and sanctions imposed by the European Union and the United States ".
Consumer prices rose 0.2% in August, after the data unchanged in July, according to the Bureau of Labor Statistics (BLS). Analysts' forecasts expected up 0.1%. The growth was 1.1% year-on-year, above expectations for a gain of 1.0% and after having risen 0.8% in July. The so-called core CPI, which is the consumer price index adjusted for the more volatile components such as food and energy, showed an increase of 0.3%, after + 0.1% the previous month. The annual figure is however at 2.3%, up from + 2.2% in July.
When something extraordinary happens, such as Brexit, it is necessary to observe and analyse its potential financial and economic impact. While the first steps must still be taken in the negotiations for the UK’s exit from the EU, together with Keller Zable we have taken a look at the possible scenarios in the real estate market, with particular attention to Great Britain, the rest of Europe and possible developments.
Dagong Europe has published a commentary entitled Top 5 Europe Based Multiline Insurance Groups: Performance and Outlook. The new commentary analyses credit characteristics, the latest performance and trends of the top five composite insurance groups by premium volumes based in Europe, namely AXA, Allianz, Generali, Aviva and Zurich. The report looks at the peer group on aggregate basis to assess overall characteristics and trends and to lesser extent on individual basis, mainly to understand and explain the underlying drivers.
The Bank of England introduced its first plastic 5-pound banknotes Tuesday in UK. They depict Winston Churchill, and are two and a half times more resistant than paper money, in use for over 300 years. Next year, the plastic £ 10 note with the English writer Jane Austen will go into circulation, and followed by the painter J.M.W. Turner £20 note by 2020. In a press release, the bank said it has printed 440 million of the "New Fivers," which will begin to show up immediately in ATMs and at bank counters.
FCA Us started a voluntary recall of more than 1.9 million vehicles worldwide to fix an air-bag defect linked to three deaths and five injuries. In particular, the US subsidiary of Fiat Chrysler Automobiles has set itself the goal of solving a defect that could prevent the proper functioning of airbags and pre-tensioner seat belts in an accident. The defect concerns vehicles equipped with a special control module and crash sensors with a specific design.
Deutsche Bank has received from the US authorities the request to pay $ 14 bn to close the case into mortgage-backed securities. As reported by the Wall Street Journal, the facts are previous to the outbreak of the 2008 crisis that led to the failure of Lehman Brothers. Certainly, if the figure is confirmed, it would not only among the highest paid to resolve similar issues but it would much over analysts' expectations of the German group.
The European Commission has announced that it started to work on the first EU list of "non-cooperative tax jurisdictions." It is a first step in a complex process that involves consultation of individual European states. At the time a preliminary assessment of all third countries implemented based on a set of key indicators was presented, the Commission explained in a statement.
In line with the Irish QIAIF and the RAIF within the Lux Rule books, Malta has now the Notified AIF (“NAIF”) regime in terms of the Investment Services Act (List of Notified AIFs) Regulations 2016. Such structure will make it easier for fund promoters to launch their investment vehicle as the timing to market is limited to 10 working days, i.e. the period required by the MFSA to include the AIF in the List of Notified AIFs. Needless to say, such period is subject to the completeness of the notification pack as required by the Authority.
Jointly with renowned experts, SSF will debate key success factors for fruitful partnerships attract
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The climate transition creates opportunities and risks, and financial institutions and corporations
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