Fiat Chrysler Automobiles points to a "significant double-digit growth" for sales of Jeeps in China this year, according to Mike Manley, Coo for the Asia-Pacific region. The manager told reporters during Beijing Motor Show that the pressure on prices will continue in the market for sports vehicles in China. Also according to Manley, also the difficult moment will continue on the largest Chinese car market throughout 2016, with increased pressure on passenger vehicles.
Fragility financial markets, oil prices' volatility, terrorism, Brexit and race for the White House. These are concerns that in the first three months of the year have resulted in a general decline in optimism from businesses about the economic outlook for the next 12 months. They are the most interesting figures of the last Ibr (International Business Report) Grant Thornton that the expectations of revenues, exports and R & D investment remains very low.
The Euro zone's private sector kept expanding moderately in April, but failed to gather momentum. The Markit Composite PMI, a forward-looking reading tracking development in the Euro bloc's manufacturing and services sectors came in at 53.0 in the reported month, down from 53.1 seen previously, when it rebounded from February's 13-month low. The manufacturing PMI declined to 51.5 in April, compared with 51.6 in the preceding month, while the services sector gauge rose to 53.2, slightly ahead of 53.1 in March, but undershooting economists' expectations of 53.3. The Euro zone's economic growth continued to be weak as the bloc's GDP expanded 0.3% in the final three months of 2015 on a quarterly basis, the same pace as in the three months through September. For all of 2015, economic output of the 19 countries using the Euro was up by 1.6% year-on-year.
Uber, the controversial giant app that offers paid passages, ended the dispute with 385mila drivers in the United States had launched two class action lawsuits demanding to be recognized as "employees" of the company. With the agreement, the company acknowledges the payment of $ 100 million (the first tranche of 84 million), avoiding to go through the "mass recruitment" and then the drivers "will be freelance and not the employees" . In this way, the San Francisco company closed the cases initiated by the American drivers.
The Eurogroup has mandated the President Jeroen Dijsselbloem to start the comparison with Greece on strain of the Greek debt. "Nothing contained in the package will be closed until the whole package will be closed," said the same Dijsselbloem. At the meeting "there was a common point of view that it is conceivable, feasible riprofile the greek public debt without a par value cut, without a haircut", said Christine Lagarde, director of the International Monetary Fund. "Based on our analysis of the sustainability of the Greek debt - said Lagarde - you can operate using all existing devices", in fact except for a haircut. For some time the IMF considers it necessary to reduce the greek government debt, defined unsustainable and on this point the clashes with European governments, in particular Germany, were different.
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. "
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