News

15.04.2016

Browser startup Vivaldi says needs 5 million users to turn profit

Jon von Tetzchne, Internet browser Vivaldi's founder, launched last week, said in a Reuters interview that the target is to attract five million monthly users to become profitable. The development of Vivaldi lasted 15, with a cost aroud 50 million crowns norwegian ($6.07 million) of his own money. Intentions of Oslo based company'boss is to achieve users from the most popular browser as Google Chrome, Internet Explorer, Firefox, Safari and Opera. "A few years ago everyone started simplifying their browsers and they removed many of the features that the so-called power users wanted. This is the segment we are targeting", he said.

 
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15.04.2016

Barclays will leave Italy in two years

Barclays, the second largest bank in the United Kingdom, will leave the Italian credit market within two years and is ready to relinquish the portfolio of loans (performing and non), amounting to 15 billion dollars (13 billion euro). After leaving now Spain and Portugal, the choice to leave the Italian consumer market is consistent with the strategy to focus on investment and corporate banking sector and reposition itself on the US and British markets.

 
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15.04.2016

Panama Papers: Spanish Minister of industry resigns

Jose Manuel Soria, Minister of Industry of the Spanish Government, has resigned after his name was in fact associated with an offshore company of those that have been mentioned in 11.5 million revealed to the press documents from an inside mole to law firm Mossack Fonseca. The name of Soria appears in top secret list. "I sent my irrevocable decision to resign," he wrote the minister, "in view of the obvious damage that this situation due to the Government and People's Party" by Mariano Rajoy. He previously served as Prime Minister of Iceland to have left office a few days after the scandal broke.

 
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15.04.2016

Chinese economy shows first signs of recovery

The Chinese economy is no longer growing as slowly as since the peak of the global financial crisis in early 2009. Sluggish exports were to March rise by only 6.7 percent to the previous quarter, gross domestic product from January. The end of 2015 it had reached even to 6.8 percent for the full year it was 6.9 percent. But the statistics office also gave positive messages ready: retail sales, loans and production laid in March to unexpectedly strong. 

 
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15.04.2016

Car registrations Europe: +5,7% in march 2016

Car registrations in Europe are also rising in March for the thirty-first consecutive month, drag on the performance double digit and Italy with Fiat Chrysler growing faster than the market. According to data published by ACEA, the European car manufacturers' association, in the month of car registrations (EU + EFTA) have marked a rise by 5.7% to 1.745 million vehicles; in the first quarter of the year the increase was 8.1% to 3.931 million. In terms of volume, emphasizes a statement, the March result comes close to the record levels of 2007, just before the outbreak of the crisis that hit the entire automotive industry. The month of March, adds Acea, also showed lower sales days than last year because of the Easter holiday.

 
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15.04.2016

IMF supports the ECB's monetary policy

The director of the IMF, Christine Lagarde, has intervened yesterday in "strong support" of the European Central Bank's monetary policy, the subject in recent days of heavy criticism of the German Finance Minister, Wolfgang Schaeuble. Although hardly the differences can be ironed out - the minister has long been opposed to the "excessive liquidity" created by the measures of the ECB and the low interest rate policy - the face-to-face responds wing probably need to tone it down, who recently taken by the virulent characteristics of the establishment and of the German media.

 
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15.04.2016

US inflation climbs; jobless claims fall

US consumer prices climbed modestly in March for the first time in four months, meaning little urgency for the Fed to hike interest rates in the months to come. According to the Labor Department, its Consumer Price Index inched up 0.1% last month as a recovery in gasoline prices was partially offset by a decline in the cost of food. While the measure rose the most since November, it came in against economists' expectations for a 0.2% gain. In the 12 months through March, the CPI increased 0.9% after rising 1.0% in February. The core CPI, which excludes food and energy costs, inched up 0.1%, the smallest since August and followed a 0.3% rise in February. 

 
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14.04.2016

Putin: Euro is a mistake and guilty of economic crisis

For Vladimir Putin the Euro is a mistake: The president of Russia, speaking to the nation in a direct line, considers that the mistake was made by the European Union, which sought to unite with each other economies "not comparable with each other," and that it was guilty of several crises, including the one that hit Greece. The Eurasian Economic Union (ECC), which owns both Russia and other countries of the former Soviet Union, according to Putin will not commit the same mistake. Responding to a question on the possible introduction of a single currency area, Putin said: "I think this is an interesting question. The question of whether or not there will be a national currency the Eurasian Economic Union (...). In principle, this interesting question will probably be possible, one day. But only when the levels of economic development and economic structures of the ECC member countries reduce their differences. We simply can not repeat the mistakes made by the European Union, which introduced a common currency in a context where the economies of the countries were so different. "

 
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14.04.2016

BlackRock, 20% profits declining in first quarter 2016

BlackRock, the first asset managers in the world, registered a 20% drop in first-quarter earnings. Net income fell to $ 657 million, or $ 3.92 per share, from 822 million, or $ 4.84 per share a year ago. On an adjusted basis, earnings of $ 4.25 per share, slightly below analysts' estimates at $ 4.29, according to Thomson Reuters I / B / E / S. CEO Larry Fink attributed the worsening of the result to the decrease in commissions on certain product types, such as hedge funds.

 
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14.04.2016

Argentina : comeback to world market after 15 years

On Wednesday, the U.S. Court of Appeals upheld an earlier decision that allows Argentina to issue bonds and payoff its creditors it has owed since the country defaulted in 2001. The ruling is a major victory for Argentina, which slugged through a legal debt battle with American hedge funds known as "vultures" in Latin America. This week, Argentina's brass is on a "road show" in London, New York and elsewhere in the U.S. to pitch investors on $15 billion in governments bonds, amount second only to Mexico, which holds the record with a $16 billion debt offering in 1996. 

 
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