The European car market continues to grow. Cars registered in April in EU and EFTA countries (Iceland, Norway, Switzerland) were 1,318,820 cars (9% increase on April 2015). According to ACEA, the European Association of Manufacturers, in the first four months in 2016 are 5,251,757 deliveries (+ 8.3% on the same period of 2015). In Italy, registrations in April recorded + 11.5% better than France (+ 7.1%), Germany (+ 8.4%) and the UK (+ 2%), while in Spain there was an increase of 21.2%. Fca also continues to run: 89 590 registrations in the EU and EFTA in April (+ 13.6% on 2015, compared to + 9% of the market) .The share rises from 6.5 to 6.8% becoming the fourth manufacturer group for sales volumes in the month.
Prices for imported goods rose for the second straight month in April, a sign firming oil prices could be pushing up inflation pressures in the U.S. As measured by the US Bureau of Labour Statistics, import prices rose in April by 0.3%, after + 0.3% in March and revised -0.5% in February. The figure is worse than expected by analysts which estimated a more marked rise of 0.5%. On an annual basis, there was a 5.2% fall in prices. Net oil imports the import prices recorded a 0.1% rise, representing an annual decline of 2%. The recovery of agricultural and non-agricultural prices has had a positive impact on the price index for exports which rose 0.5%, after remaining unchanged in the previous month, after falling 2.3% in February.
In Venezuela, the economic situation is near collapse: the lack of basic necessities has become so serious that in recent days there have been several outbreaks of violence, starting from the state of Cabobo, where some demonstrators blocked for hours and for second consecutive day, the highway accesses that connects Valencia to Puerto Cabello to ask, first of all, that the national government to restore the drinking water supplies. Only the intervention of the National Guard allowed to remove roadblocks.
The Brazilian Senate has voted in favor of impeachment of Dilma Rousseff, 55 votes to 22. The suspension from office of the first woman president goes down, after 13 years, even the leadership of the Workers Party, which began with the election of Inacio Lula De Silva. Suspended from office for 180 days, period within which will be processed, Dilma Rousseff will be replaced immediately by Vice President Michel Temer. That in the event of dismissal of Rousseff and if not you will go to early elections, will complete the presidential term will end January 1, 2019. The verdict came after a lengthy parliamentary debate that lasted 16 hours without interruption. The charges against Dilma Rousseff are based on the alleged irregularity of some fiscal measures the government between 2014 and 2015.
Zurich Insurance has achieved in the first quarter 2016 net profit attributable to shareholders of 875 million dollars (851 million francs), down 28% from a year ago. Operating profit (Business Operating Profit, BOP) fell by 16% to 1.09 billion dollars. A decrease in the volume of premiums collected, decreased by 6% over one year to 17.59 billion dollars, the insurance group announced today. Own funds (-1%) fell below $ 31 billion, while the combined ratio, ie the ratio between costs and premiums, worsened slightly to stand at 97.7%.
Nissan confirmed that it had initiated talks to acquire Mitsubishi Motors. The automaker is ready to invest 200 billion yen ($ 1.8 billion) for about a third of the capital which would give him control over his competitor. Mitsubishi had lost about 42% of its market value in a scandal related to the tests on the efficiency of rigged engines, hence the opportunity for Nissan. Carlos Ghosn, CEO of Nissan and Renault, have postponed a press conference today on the annual budget just to convoke another in order to announce the investment in Mitsubishi Motors. Investors welcomed the news with some favor, making staple of purchase requisitions for the title of Mitsubishi Motors, back from a decline due to the scandal since April 20.
For most investors, Pakistan is not an investment destination being considered in their investment process. But soon MSCI, the biggest index provider globally, may bring that to a sudden change. On June 14th, MSCI will announce its decision whether to upgrade Pakistan from the current frontier market classification to emerging market classification or not. In the case of a positive decision, emerging markets funds with an estimated 40x the capital of frontier funds will be forced to have a look at the 180 million population nation on the border between Asia and the Middle East.
The state of health of the industrial sector has recovered slightly, but still marked by "meltdown" of 2015, this was the statement by President Fabio Regazzi Industries Association of Ticino (AITI), a result of the abandonment by the SNB of the minimum exchange between franco euro. To confirm these first, tentative signs of growth in the coming years the group aims to increase labor productivity and the degree of innovation in enterprises, but also improve the dialogue with the institutions. Regazzi spoke of a "conflict" often negative created by the state: one example of the connection fee or excessive bureaucracy.
Positive quarterly by Walt Disney but not quite: if the film division results appear satisfactory, sports channels and the decline of subscribers are felt on the accounts. The entertainment giant American ended the three months to April 2, with profits growing, thanks to the success of films such as "Star Wars" and "Zootopia", but less than market expectations, which had not happened for five years now. Also weighing on the results of the fall of the sports channel ESPN subscribers, the costs associated with Disneyland Paris and the opening of the amusement park in Shanghai, scheduled for next month.
Toyota has announced a record net profit for the full fiscal year ended March 31 rising by 6.4% to 2.31 trillion yen (18.7 billion euro). The first group global car, however, said he expected a for the first time in 5 years net profit down 35% in fiscal 2016, due to currency volatility.
Jointly with renowned experts, SSF will debate key success factors for fruitful partnerships attract
Learn about the latest Cryto Currency and Blockchain investment opportunities, the features that set
At the upcoming conference you will get the opportunity to discuss Social Impact Bonds (SIB) and rel
The climate transition creates opportunities and risks, and financial institutions and corporations
Over 150 Fintechs CEOs from all over the world will be in both panels & interviews and on this stage
Updates and news from MarketPlus
|Powered by Yahoo Finance|