BlackRock, the first asset managers in the world, registered a 20% drop in first-quarter earnings. Net income fell to $ 657 million, or $ 3.92 per share, from 822 million, or $ 4.84 per share a year ago. On an adjusted basis, earnings of $ 4.25 per share, slightly below analysts' estimates at $ 4.29, according to Thomson Reuters I / B / E / S. CEO Larry Fink attributed the worsening of the result to the decrease in commissions on certain product types, such as hedge funds.
On Wednesday, the U.S. Court of Appeals upheld an earlier decision that allows Argentina to issue bonds and payoff its creditors it has owed since the country defaulted in 2001. The ruling is a major victory for Argentina, which slugged through a legal debt battle with American hedge funds known as "vultures" in Latin America. This week, Argentina's brass is on a "road show" in London, New York and elsewhere in the U.S. to pitch investors on $15 billion in governments bonds, amount second only to Mexico, which holds the record with a $16 billion debt offering in 1996.
Nestlé published its results today. No major information came out of it. The results were better than expected, with an organic growth as high as 3.9%, above what analysts were expecting (3.6%) and a Revenue Internal Growth (3%) (i.e. a sales growth adjusted for takeovers, disinvestments, price fluctuations and currency) was also higher than the consensus (2.5%).
Ahead of the June referendum on Brexit, for and against Britain staying in the EU they are neck and neck, respectively, with 39% of the vote, while the undecided represent 17% and those who will abstain 5 %. And 'what emerges from a survey conducted by' YouGov 'and published by the' Times' from which it also appears that confidence in the British Prime Minister David Cameron has dropped eight percentage points. The survey was conducted questioning 1,693 people between 11 and 12 April.
Panamanian authorities seized scores of digital files after a 27-hour raid on the offices of Mossack Fonseca, but officials said that no one was arrested. The government said it was seeking evidence of any illegal activities at the firm.
he EU finance ministers will discuss in the summit next week five different options to reduce the exposure of banks to sovereign debt. According to Reuters from official EU sources, noting that on the table there will be cases such as the imposition of ceilings or financial disincentives to the holding of government bonds, currently considered as risk-free asset and therefore exempt from such imposed limits on debt of companies or families. One option is to limit the exposure of banks to a single sovereign issuer, said one of the sources. Another is to introduce a weighting nothing for the risk on the sovereign, but also on the table the proposal to impose a combination of the two elements.
Australia's unemployment rate unexpectedly declined to the lowest level in two-and-a-half years in March, reflecting an improvement in business confidence and signalling the Reserve Bank of Australia is unlikely to ease policy in the near-term. The jobless rate dropped to 5.7% in March, according to the Australian Bureau of Statistics. A net 26,100 jobs were added to the economy in March, the biggest increase in 2016 and stronger than economists' forecast of 18,000. The stronger labour market also further evidence that record-low interest rates are boosting a revival in industries like construction, tourism and education as a resource boom winds down.
Good news for China, with exports have returned to register positive sign after a really dark period that lasted eight months. According to the Bureau of the Chinese Customs, the General Administration of Customs, exports in the month of March grew by 11.5% after the 25.4% recorded in February. Beats market expectations which were for a rise of 9%. Down instead of imports, fell by 7.6% after -13.8% in February (-10.4% consensus). China recorded a trade surplus thus of 29.86 billion dollars, from $ 32.6 billion the previous month and by 35 billion mentioned by analysts.
They could come as early as next week in parliament two bills, one on the much-discussed reform on pensions and the other on the income tax, as called for by the creditors ( European Union , International Monetary Fund , European Central Bank , the European Stability Mechanism ). Question of unpopular measures which it was feared could be applied in Greece and resulting in clashes and turned strong controversy in recent months . After announcing the postponement until after the spring meeting of the International Monetary Fund ( IMF), the negotiations with international creditors on the revision of the bailout , the Greek Finance Minister , Euclid Tsakalotos states that the agreement is close.
George Soros, in an interview reported by CNBC, warned that the EU is in a state of high danger of collapse if not extraordinary, and appropriate measures will be taken, especially with regard to the refugee crisis. Soros has vigorously raised the humanitarian issue that is proving to be a real catastrophe, particularly in Greece. "Asylum seekers are desperate" And he added that "EU leaders should understand that the ultimate solution to this crisis is necessarily to find a large sum dicapitali be invested exclusively on the project, rather than breakdown and invest sufficient sums year after year."
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