News

23.05.2016

Axa stops investments in the tobacco industry

The French group Axa, one of the world's largest insurance companies, has announced that it will not put more money in the tobacco industry: it has decided to abandon all investments in the field of cigarettes and the like, resulting in the sale of assets and shares for approximately 1,8 billion euro. The intention, according to a note, is to "support the government's efforts" to reduce tobacco consumption.

 
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23.05.2016

China Agricultural Development Bank allocates 460 billion dollars against poverty

Fighting poverty in China over the next five years: the Agricultural Development Bank of China (Agricultural Development Bank of China, ADBC) plans to allocate 3 trillion yuan (about 460 billion US dollars) to fight poverty among the Chinese population, reports state newspaper "People's Daily." Also according to the newspaper, by 2020, the Chinese leadership has set a goal to get out of poverty 70 million people. At the end of 2014, 70 million and 170 thousand Chinese residents in rural areas were living below the poverty line while the their annual income amounted to $ 376. The newspaper said some of the funds will be used for transfer to other areas of the population, to support programs to tourism and education, for assistance to farmers and the construction of infrastructure in rural areas, which should help reduce poverty of the population.

 
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23.05.2016

Greece: the Tsipras government adopts new austerity measures

The Parliament in Athens approved a new package of austerity measures demanded by international lenders in return for a new tranche of aid before the Eurogroup meeting to be held Tuesday. In the specific case 152 Greek MPs approved a VAT increase, new direct taxes and measures to accelerate privatization. The new measures also provide for an automatic correction mechanism of the accounts should be rejected if the goal of bringing the primary surplus at 3.5% in 2018. "The Greeks have assumed their responsibilities. Tomorrow also the counterparty will have to do the same," he said confident the Greek prime minister, Alexis Tsipras, after the vote in Parliament.

 
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23.05.2016

Monsanto: Bayer offers 62 billion dollars for purchase

The German chemical and pharmaceutical giant Bayer has made an offer of 62 billion dollars for the purchase of Monsanto, an American company leader in the production of GM seeds. "Bayer has made an offer to buy all outstanding shares of Monsanto at a price of $ 122 per share or a total value of 62 billion dollars,"  the German company writes in a statement, a few days after announcing a contact with Monsanto . Bayer last year had a turnover of over 46 billion euro and employs 117 thousand people. Monsanto last year achieved a turnover of more than $ 15 billion with a net profit of 2.3 billion.

 
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20.05.2016

Rumours: deals for Yahoo around 2-3 billion dollars

Nears the deadline to bid for internet assets of Yahoo, but the expectations of the technology giant of Silicon Valley may be disappointed According to rumors reported by the Wall Street Journal, potential investors, Verizon Communications in the lead, would not offer more than $ 2-3 billion, while the company believes that the fork is from 4000 to 8000 million. Analysts believe that the assets actually worth between 4 and 5 billion.

 
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20.05.2016

Portugal's record in the field of renewable energies

Portugal is the first country in the European Union member who is able to meet its energy needs for several days exclusively with renewable energy. Wind power, hydro and solar have been sufficient to guarantee 107 hours of autonomy, from 6:45 am on Saturday 7 May at 17:45 up to Wednesday, May 11th. The analysis of data provided by the government has certified the result achieved, as stated in the article published on the Portuguese NGO Zero site. According to experts, good management and favorable weather conditions have helped the country to benefit from recent investments in wind and hydropower.

 
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20.05.2016

Schindler: major contract in Istanbul airport

The company Lucerne Schindler elevators and escalators has got a very important job: equip the world's largest airport, under construction in Turkey, in Istanbul, in operation since 2018. "We are proud and excited to bring our innovative technology in this partnership with the new airport in Istanbul", he commented the director of the Schindler Group, Thomas Oetterli, in a statement today. They will install 306 elevators, 159 mobile and 183 moving walkways. The amount of the contract was not disclosed.

 
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20.05.2016

Brexit: favorable EU leading by 11 points

According to a survey published by the Daily Mail, the British people are in favor of staying in Britain EU, and even sharply. The poll result says that if you held a referendum today on Brexit, 52% of voters would vote' yes' in Brussels against the 41% of 'no'. The British, however, do not believe the alarm raised by Prime Minister David Cameron that divorce Union could bring back a conflict on the continent after decades of peace. The survey underlines a general trend in recent surveys that saw a recovery in the face pro EU. According to the Financial Times, which on its website has a 'thermometer' with the average of major polls, the campaign Remain is at 47% and that for Brexit to 41%, while the percentage of undecided voters remains still large, around 10 %.

 
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20.05.2016

PostFinance adheres to Bankers Association

PostFinance has become a member of the Swiss Bankers Association (SBA)., Coming thus to render the institution Swiss Banking Ombudsman. In yesterday's session of the ASB Board of Directors, composed of 300 members, has approved the application for membership, is today in a statement PostFinance know that as one of the leading Swiss banks, is under the supervision of the Federal Authority financial market supervisory Authority (FINMA). PostFinance, which has been authorized to conduct banking business in 2013, has achieved in the past year a profit of 459 million francs, 77 more than in the previous year. The client deposits fell by around 2.8 billion.

 
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20.05.2016

Ermotti (UBS): Stop with the low rates

In an interview with the Italian newspaper "La Stampa", Sergio Ermotti, UBS CEO, expressed his view on the ECB's monetary policy: "Bringing interest rates so low it was a duty, you had to try. but today, while the European central Bank continues with its expansive monetary policy, governments do not make the necessary reforms. So insist in the same direction is a kind of aggressive treatment ". Regarding a possible return to Unicredit to succeed Federico Ghizzoni, Ermotti was very clear: "I have a very nice memory of Unicredit, but I must say that I am very happy where I am today."

 
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