News

08.07.2016

Balanced budget for 2017-19 priority for russian government

The Russian state budget for 2017-2019 should be formed based on a scenario that takes into account the worldwide price of oil and the sanctions imposed in Moscow. This was stated by Russian Prime Minister Dmitry Medvedev. "I have held several sessions, in which we discussed common approaches to the formation of the working budget. There are several development scenarios. But there is a common understanding that during the drafting of the budget is necessary to rely on a traditional approach or if you will, a pessimistic scenario on issues relating to factors that generate our budget "looking in particular" oil prices, the prices of other raw materials, as well as restrictions of sanctions that are still in force", adding that the Russian government could discuss the draft budget for 2017-2019 in October.

 
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08.07.2016

Fitch: warning for UK and Europe, don't waste time

Fitch sends a warning to Europe and the United Kingdom, that in the aftermath of Brexit have already begun negotiations to regulate future trade relations, beyond the official statements. The rating agency, in an article by analysts, said that "the negotiations will last longer, it will be worse" for both sides, showing "weak positions" and are affected by the political uncertainty and the risk of food populist positions in other European countries. "The time is crucial for both the United Kingdom, to see materialize the benefits highlighted by supporters of Brexit, both for the European Union, which risks delaying the laborious process of integration.

 
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08.07.2016

British manufacturing production is struggling in May on Brexit fears

UK manufacturing and industrial production data came in ahead of expectations for May, with both figures a big beat on the forecasts of economists. Manufacturing production decreased 0.5% on a monthly basis in May, down from April when it rebounded 2.3%, while the indicator came in at 1.7% on a yearly basis in the same month. Both readings beat the estimates of -1.2% and 0.6%, respectively. Overall industrial output fell 0.5% on a monthly basis in May, after a revised rebound of 2.1% seen in April. The reading did, however, beat the forecast of a negative 1.0%. On an annual basis, the gauge rebounded 1.4% in the fifth month of the year, while markets had bet on a 0.5% advance in the reported month. Industrial and manufacturing production show the volume of production in the UK's industrial and manufacturing sector, and the indicators have been volatile since the beginning of the year. 

 
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08.07.2016

Swiss unemployment rate better in June, best record since September

Unemployment in Switzerland falls in the monthly comparison, but increases on an annual basis. At the end of June, unemployed persons registered with the regional employment centers (RAV) were 139.127, less 5651 than the previous month, but in 5.871 more than twelve months before. The unemployment rate is so decreased from 3.2% in May to 3.1% in the month under review: an improvement of 0.1 percentage points, therefore, as announced this morning by the Secretariat for Economic Affairs (Seco).

 
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08.07.2016

Epic bubble in the bond market ready to explode

"An epic bubble colossal", so Peter Boockvar, managing director and chief analyst at the Lindsey Group, referring to CNBC what is happening on the global bond markets. In fact, the market for government bonds perceived as "safe", are touching ever lower yields: that of the ten-year US Treasury bond this week fell to historic lows. According Boockvar, investors are not rushing to buy stocks from very few returns for the interest they offer, but to achieve capital gains (or capital gains).

 
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08.07.2016

IMF warning: dangerous Trump recipe for world economy

The Donald Trump-style protectionism could hurt the global economy. This was stated by Director General of the IMF, Christine Lagarde, in an interview with the Financial Times yesterday, pointing out that protectionism is negative for growth, social inclusion and people. Lagarde warns about the risk of a new pause in the march of globalization, a moment like the destruction caused from the beginning of the First World War.

 
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08.07.2016

Moody's: real danger of Brexit is political contagion

The vote on Brexit will curb the British economic growth because of its effects on confidence even if the increased risk resulting outcome of the referendum is a political contagion among the EU countries. It is the opinion of Moody's, which reduced its estimates for growth in the UK to 1.5% for 2016 and 1.2% for 2017, from the previous forecast of 1.8% and 2.1%.

 
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07.07.2016

Brexit isn't a problem for italian banks

Brexit doesn't scare Italian banks; this is the concept expressed by Giovanni Sabatini, General Manager ABI, during the presentation of the Global Institute of International Affairs outlook, according to which "the market seems to have changed everything, but if we look at the fundamental Italy and the system Italian bank are less exposed than the Brexit risk ". "The exposure of the banking sector to financial institutions in Britain is absolutely limited and in any case less than France, Spain and Germany, but for the markets is not so. It looks as if Italy after the vote has been overwhelmed by a huge problem. "

 
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07.07.2016

Credit Suisse: going ATM with only a smartphone

Customers of Credit Suisse will soon be able to operate at the ATM through his own smartphone. Cash transactions, such as deposits and withdrawals, may be made without using the card and the starting date is set for next Tuesday. It is the first bank in Switzerland to offer this possibility. According to a press release today, about 330 ATM of Credit Suisse and its subsidiary, Neue Aargauer Bank, have been equipped with the technology to "Cardless Loyalty Cash", the new feature in the app institute called Private Banking Switzerland

 
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07.07.2016

OECD Gurria says job insecurity pushed UK to Brexit

The Brexit "will have an impact, is already having an impact in virtually all countries, for transmission chains of the financial markets, interest rates, stock market prices, currency values, spreads, decisions on jobs, but above all, it will have a major impact on Britain. " This was stated by the Secretary General of OECD, Angel Gurria, during a press conference, stressing that "We're at almost 10 years after the onset of the financial crisis and large numbers of people are willing to vote for some vision of change", OECD Secretary General Angel Gurria said in an interview in Paris, his first since the Brexit vote. "You just have to look around to see the fragmentation of political systems."

 
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    MGF Fall Edition is Presenting twelve High Growth companies both public and private i

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    The 2017 symposium, with the theme "Successfully crossing borders", will have a strong focus on the

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