Slight upturn in inflation in the Euro Zone. In March, producer prices have marked a rise of 0.3% compared to 0.7% reported not revised the previous month. The figure, announced by the European Union statistics (Eurostat), is better than the estimates of analysts who had expected a 0.1% decline. On an annual basis there was instead a decrease of 4.2%, as in the previous month.
UBS Q1 profits fell 64 percent with weak numbers in all segments: wealth management - 40%, investment bank - 67% and corporate finance - 39%. The only bright spot is an increase in net new money which follows 2 consecutive quarters of outflows.
The European Bank for Reconstruction and Development (EBRD) has decided to allocate 14 million euro gift to small and medium Tunisian enterprises in order to be eligible for various types of technical assistance: consulting, marketing strategy of products, management human resources, the ISO quality system. This was announced by director of the national program to support SMEs of Berd, Anis El Fahem. The business receiving the aid are those created by at least two years and with a turnover of at least EUR 50,000.
The fate of the 500-euro banknotes is marked: the Governing Council of 4 May the ECB will decide the abolition mode. In the stores it will still be accepted, but the production is going to be interrupted. It seems to have come to an end the 500-euro note, long been a target of the EU institutions to be used in criminal activities and money laundering. According to Handelsblatt, in fact, the ECB Governing Council in the May 4 will decide the manner in which the abolition will be performed.
Close agreement between Fca and Alphabet, the holding company which owns Google, the use by Italian-American automotive group of technology for the automatic guidance developed by Mountain View and that led to the creation of the Google Car prototype. A technology that Mountain View intends to sell to the various car manufacturers, even if they have had considerable impact in the media that the Google Cars for six years already are testing the software for automated driving on the roads of California. According to some estimates, the prototypes of Mountain View would have accumulated so far 1.5 million miles as part of these tests. However, top managers of Google engaged on the project of four-wheeled robots have always specified that the group is not interested in becoming a car manufacturer, with the role of supplier of components.
The activities of the Chinese manufacturing sector contracted for the fourteenth consecutive month in April, thanks to stagnant demand, thus forcing firms to cut jobs at a more intense pace. This is what emerges from the economic edited by Markit / Caixin, which tracks the performance of medium-sized companies, according to the SME development index (Purchasing managers'index).
First quarter growth for the accounts of Ferrari: the Maranello recorded in the first quarter net profit to 78 million euro, a record for a first quarter, with an increase of 19% over the same period of 2015 while revenues in 675 million with an increase of 8.8%. Declining net industrial debt, which in late March is 782 million. Total deliveries of cars have reached 1,882 units, an increase of 15%.
After the lighthouse operation switched from Brussels and the strong opposition of the US Justice Department, Halliburton has renounced the merger plan announced last November, amounting to 35 billion dollars. The deal was judged by the European Commission too dangerous because it might impede effective competition in violation of the Merger Regulation. The operation that would put together the second and third largest players in the sector, could eliminate the third leader Schlumberger. Even for the US antitrust service, the acquisition would undermine competition in the oil services sector, resulted in higher prices and reduced innovation in the oil services sector.
Crude retraces from highs in 2016 in the wake of increased production in the Middle East, which overshadows the output decline US and a falling dollar. OPEC crude oil production in April rose to 32.64 million barrels per day, close to the highest levels seen in recent history. Even Russia, the largest exporter outside the organization, has increased the monthly export.
The Australian entrepreneur Craig Wright confirmed to be the inventor of Bitcoin, the best known and used virtual currency minted and exchanged online. Wright said he was the person who hides under the pseudonym Satoshi Nakamoto, and confirmed the news by providing further details to GQ magazines, Economist and BBC. Several people who work in the development and management of Bitcoin confirmed Wright's statements, which could then lead to the end of years of speculation and journalistic investigations to track down the creator of the digital currency.
Regulierung – seit der Finanzkrise prägt der Ruf nach mehr Kontrolle das Banking: Wegen regulator
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
ICDA will return this year to its alpine home for the 38th Bürgenstock Meeting.
The objective of the Conference is to bring together all the diverse stakeholdersinterested in a pol
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