News

10.06.2016

New rules to boost card payment transparency in Europe

The new rules regarding the costs arising from the use of waxed credit, issued by the European Commission, took effect from yesterday. In this way the costs of payments by debit and credit cards will be more transparent to merchants and consumers, and will allow to make their own choices about the type of payment. In addition, the European Union imposed a cap on so-called interchange fees that may not exceed 0,2% of the transaction value for debit cards and 0.3% for those credit.

 
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10.06.2016

PSA: Peugeot family ready to increase its participation

Several members of the Peugeot family say they are ready to invest in the PSA Peugeot Citroen automaker to significantly back in the capital. This was reported by the French newspaper Les Echos, citing some of the family members and the former chairman of the supervisory board, Thierry Peugeot. "Many of us are on the same wavelength" Thierry Peugeot told French daily. The family is made up of a hundred members, and in past years it was divided on the choices regarding the automaker. The Peugeot group had near bankruptcy in 2013 and was saved with the entry into the capital of the French State and the Chinese company Dongfeng Motor. Both have become major shareholders, with a stake of about 14% each.

 
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10.06.2016

Swiss National Bank will not lift rates: Reuters poll

The Swiss National Bank will not change their interest rates despite the tensions that could arise on the occasion of the vote on a possible British, exit from the EU, according to the survey conducted by Reuters which listened to 36 economists. Experts agree that the SNB will maintain firm between -1.25% and -0.25% the fluctuation margin of the Libor, its main policy rate. Unchanged at -0.75%, they should remain even negative interest on the institution's accounts around.

 
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10.06.2016

Amazon: next target India, ready $ 3 billion

Amazon strongly points on India and is ready to invest $ 3 billion. CEO Jeff Bezos unveiled the important investment plan in the Asian country to ride the wave of e-commerce growth during the Business Council's Leadership Summit in Washington, where he met Indian Prime Minister Narendra Modi. This is not the first effort of Amazon in India, as the company had earmarked $ 2 billion for 2014. But it is certainly an important signal of the Amazon will to grow up in a country that offers good side perspective of e-commerce: online purchases grew from $ 6.3 billion in 2014 to 16 last year. The number one Amazon declined to give details on the timing and areas of interest of the new investments, but in India the company already counts on some warehouses and a logistics network.

 
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09.06.2016

Positive signs for US jobs: claims downhill

Still positive signs for the labor market in US, which saw yet to score a slowdown in jobless claim. In the week to June 4, the "claims" showed a descent of 4,000 to 264,000, compared with 268,000 the previous week's revised (267,000 the first reading). Analyst estimates were for a climb up to 270 thousand units. With this it is 66 weeks of consecutive requests to below 300,000, the longest streak since 1973.

 
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09.06.2016

Ugly May for Swiss (Lufthansa Group)

Bad month of May for Swiss who sees decrease the number of passengers and therefore the employment rate: the subsidiary airline Lufthansa carried 1.4 million travelers, 0.5% less than the same month of 2015. The employment rate of the aircraft fell to 80% (-2.7 percentage points) compared to the same period last year. The number of flights operated by Swiss has also declined by 0.9% to 12,800 units, the data published today by Lufthansa. For its part, the German airline carried 5.5 million passengers in May (-7%), with a load factor of 75.8% (-3.8 points).

 
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09.06.2016

US crude inventories drop and send oil prices near 2016 highs

According to the latest report, the US crude futures advanced for a third consecutive day on Wednesday, reaching new 2016 highs. The US benchmark posting a nearly 11-month closing record. On the New York Mercantile Exchange, West Texas Intermediate crude for July delivery added +0.62%  and rose 87 cents, or 1.7%, to settle at $51.23—showing the highest close for a nearby contract since July 15. Meanwhile, August Brent crude, increased 0.42% the global oil benchmark, reaching $1.07, or 2.1%, to finish at $52.51 a barrel on London's ICE Futures exchange, its highest close since October. According to the analysts, futures were affected in a positive way boosted by reports of another attack on oil facilities in Nigeria. They were also buoyed by data from an industry trade group, the American Petroleum Institute, which on Tuesday said that US crude inventories had fallen by 3.6 million barrels. Also, crude found support from continued supply disruptions, as well as China import data and a decline in crude inventories.

 
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09.06.2016

Sky-Vodafone merger worth 2 billion in New Zealand

Important convergences in the world of media and TLC: Vodafone New Zealand and Sky Network Television today announced the merger of the two groups by the value of 3.44 billion New Zealand dollars, amounting to over 2.1 billion euro. Sky will acquire Vodavone NZ, second group of telecommunications in the country, in part by buying shares and partly cash (1.25 billion New Zealand dollars). Sky then take control (51%) of the companies that merged. The merger combines the first brand of mobile phones with over 2.35 million customers and the leader of the tv for a fee, with 830 thousand subscribers

 
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09.06.2016

Japan still standing: machinery orders fall

New collapse in April machinery orders in Japan, after the recovery of the previous month, confirming the difficult situation facing the Japanese economy. The total orders for the private sector in April recorded a fall of 20.2%, after + 2% previously. The indicator has been published by the Institute of Economic Research and the Japan Social (ESRI).

 
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09.06.2016

Draghi: we must implement the reforms

ECB President Mario Draghi, speaking at the Brussels Economic Forum,  was very clear in the concept expressed: "In the countries of the euro area many structural reforms have been implemented in recent years, especially in those countries most affected by the crisis. The benefits are now visible . But there is still much to do. " Although there are "many political understandable reasons for delaying structural reforms" in the country, the cost of such delays "is simply too high," he added insisting on the importance of national policies of reforms to support the interventions of the ECB in supporting Eurozone economy.

 
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