News

03.08.2016

PMI Service: Eurozone records better than expectations

Conflicting advice from Service PMI Index of the major Eurozone economies. In Italy, the indicator of the non-manufacturing recorded in July an increase to 52 points. The figure compares with 51.9 points the previous month and 51 points expected by analysts. As for Germany, the July PMI stood at 54.4 points against 54.6 points recorded in the estimate. Finally, at the Eurozone level, the PMI services amounted in July to 52.9 points against 52.7 points estimated. Recall that a PMI Services, below 50, reports a contraction of the economy and a higher level indicates growth.

 
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03.08.2016

Bitcoin exchange dropped after hackers theft

Hackers have compromised the Bitcoin exchange Bitfinex, the company announced today, withdrawing roughly $61 million from various consumer accounts. The causes are still unclear, but the attackers appear to have bypassed Bitfinex’s mandated limits on withdrawals. "The theft is being reported to — and we are co-operating with — law enforcement," the statement reads. "We ask for the community’s patience as we unravel the causes and consequences of this breach", the company  posted the note on their website detailing the security breach.

 
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02.08.2016

German state of Bavaria will sue Volkswagen for dieselgate

The Bavarian Government will cause to Volkswagen. The fall in the price of the automaker's shares in Wurzburg, it said in a statement, determined by dieselgate damages the Bavarian pension funds. Bavaria's state pension fund for civil servants lost as much as 700,000 euros ($ 783,580.00) after VW shares plunged in the wake of the Sept. 18 revelation by U.S. regulators of the carmaker's manipulation.

 
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02.08.2016

Turkey: President Erdogan heavily criticizes EU

Recep Tayyip Erdogan accused the European Union and its representative Federica Mogherini had spoken without knowing the reality, on the attempted coup in Turkey, committed, he said, by a "layered structure" comparable Italian Mafia or P2. "Mogherini would not have to talk," Erdogan said in an exclusive interview to the Italian TV RaiNews24. "It was instead to come to Turkey" as well as European leaders go in the places struck by terrorism. "It 's an ongoing coup that made 238 martyrs but no one came here," continued the president turkish. "If they had bombed the Italian parliament Mogherini would have said that was fine? To be concerned about the processes that would follow?", He asked, explaining that the introduction of capital punishment is desired "57% of Turkish citizens": "If the parliament will vote for the death penalty, then no one will say anything. "

 
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02.08.2016

England: home ownership at the lowest level in last 30 years

Housing crisis grows. According to data released by the Resolution Foundation think tank, there was a drop in the number of homeowners in England, recording the worst figure in the last thirty years. The percentage of households that own a home, including those with a mortgage, reached its peak in 2003, to 71%, to collapse this year at 64%, a figure not seen since 1986.

 
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02.08.2016

Japan: Abe's government approves new stimulus package

Abe's cabinet approved a new package of fiscal stimulus measures by 28 thousand billion yen, approximately 244.5 billion euro. The goals of the operation are the revival of GDP to 1.4%, new measures to protect children, financial subsidies to 22 million low-income people, loans 10,700 billion yen for investment in infrastructure and 7 billion and a half for the direct fiscal spending for the national and local governments.

 
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02.08.2016

Credit Suisse, Deutsche Bank fly away from Stoxx Europe 50

Credit Suisse and Deutsche Bank will be dropped from the Stoxx Europe 50, the index showing the performance of the 50 most important European companies. From Monday, August 8, the two banks will be replaced by the French group Vinci (construction) and the Dutch ASML (semiconductor industry), as indicated last night by index managers.

 
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01.08.2016

Russia replies to ISIS threaths

Daesh threats against Russia can not influence the position of Moscow in the fight against international terrorism, the Kremlin spokesman Dmitry Peskov said. The video released today by terrorists in which a man, masked, threatening Putin, exhorts his "brothers" Muslims for jihad against Russia led the government to express itself firmly.  "These threats are not able in any way to influence the policy of Russia and President Putin in the fight against international terrorism, which of course will continue in all directions," Peskov told reporters.

 
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01.08.2016

Qatar increases stake in British Airways to 20%

British Airways increasing talk Arabic. Qatar Airways has announced that it has reached the 20.01% stake in the former British flag carrier. It is the fourth time in three months that increases its shareholding in Anglo-Spanish group that includes, among others, British Airways, Iberia and Vueling, taking advantage of more than 20% decline blamed by the vote on Brexit.

 
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01.08.2016

Tokyo elects Koike, first femal governor

For the first time Tokyo will be led by a woman. The elections, which were held on Sunday to elect a new local governor, the third in three years, have seen the victory of Yuriko Koike, previously the first woman to head the Defense Ministry. The victory, in the metropolis of 13 million residents, was obtained with a gap of more than a million votes over second classified, the rival Hiroya Masuda, supported by the Liberal Democratic Party of Prime Minister Shinzo Abe.

 
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