The Spanish deficit for 2015 highlights the challenges that the country faces on Public Accounts ground. It is the opinion of Fitch points out that the slowdown in the consolidation of the accounts last year reinforces the idea that the high Spanish public debt ratio to decline only gradually. The reduction occurred up to 5.1%, from 5.9% reached in 2014 can not obscure the fact that Regional and social security budgets missed their targets.
Daimler conducts an internal investigation on the certification process on diesel emissions in the United States at the request of the US Justice Department. The response of the Frankfurt Stock Exchange has been a sharp drop in the morning saw the title go down over 6%, just 6.6%. The German group said it will give full cooperation to the authorities and will investigate any possible indications of irregularities.
It signed the final agreement for the approximately 50,000 Italians represented by the Task Force Argentina (TFA) in ICSID arbitration proceedings and holders of Argentine bonds in default since 2001. The agreement signed at this time in New York confirms a cash payment equal to 150% original nominal amount of the bonds by the end of June for about $ 1.35 billion, and concerns investors who had not adhered to the two exchange offers (swaps) proposed by the Argentine government in 2005 and 2010.
Activity levels across Japan's manufacturing sector contracted sharply in April. Japanese manufacturing activity contracted this month at the fastest in more than three years and output fell the most in two years, after earthquakes halted production in the southern manufacturing hub of Kumamoto. The preliminary Nikkei Manufacturing Purchasing Managers Index fell 1.1 points to a seasonally adjusted 48.0 in April from a final 49.1 in March. The data was way down the expected 49.6 figure. The PMI remained below the 50 threshold that separates contraction from expansion for the second consecutive month and showed activity contracted the most since January 2013. Moreover, the output component of the PMI index also fell to 47.9 from 49.8 in the previous month to show the fastest contraction since April 2014. The sharp drop in total new work was underpinned by the fastest fall in international demand since December 2012, and following the two earthquakes in Kumamoto, the outlook of the goods-producing sector now looks especially uncertain.
The board of the European Central Bank left to stand the cost of money: the main rate thus remains at a record low of 0.00%, the rate on bank deposits to -0.40% and the marginal lending facility at 0.25%. "They will remain at these levels or lower for a long time, certainly beyond the end of our plan of purchases in 2017," says the president of the ECB, Mario Draghi that no plans at present the dell'helicopter money hypothesis: "Before all, there are technical and legal difficulties, but the truth is that we have never discussed it. "
State-backed Lloyds Banking Group is planning a reduction in the workforce of 625 units, in agreement with the unions as part of a cost cutting program. The cut of the jobs are in the back office and partly in IT, which should be moved to India. "United has made it clear that 'efficiency' can not simply mean axing more jobs while expecting the same work to fall on fewer shoulders," United said. "The bank forgets that relentless these cuts have a human cost."
The US is caught up in the classic tragic cycle and is heading for a fall. The three parts of the cycle are overweening pride (hybris), which begets surfeit (ate), which is followed by retribution (nemesis). The Doom and Gloom Club has been predicting that the economic downfall of the American economy is nigh for some time, but the tone has become shriller and shriller recently.
Switzerland published its March Trade Balance this morning and this one was catastrophic. The figure came out at CHF 2.16bn vs CHF 4.02bn previously. Switzerland did not publish such a low figure since February 2015, so more than a year.
In line with market expectations, the Swedish central bank has kept to -0.5% the reference rate, announcing at the same time an increase in the program of 'quantitative easing purchases' in order to prevent an appreciation of the crown that would discharge the 'long-awaited goal of a resurgence of inflation. The Stockholm interventions in the field of monetary policy are repeated in recent years, to react to a situation that is growing at such a pace as to risk overheating, while inflation remains well below the target set by the central bank at 2%.
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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