News

13.06.2016

Oil production still falls in May

Despite the June summit has not led to any conclusion, OPEC saw off the production in May. This was revealed by the latest monthly bulletin of the cartel, which confirms also relatively flat demand. According to the latest Oil Market Report, the demand is expected to grow by 1.2 million barrels a day this year to 94.18 MBG, an estimate that are left untouched by previous forecasts.

 
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13.06.2016

Credit Suisse recorded the minimum at the SIX since 1989

The title of Credit Suisse is at historic lows: at the Zurich Stock Exchange the title stock of the second Swiss bank has been exchanged in the afternoon at 11.61 francs, the lowest level since 1989, according to Reuters calculations. Around 15.30 the share has come to lose about 4% over Friday, then it is slightly relieved: after 16:00 left on the ground about 2%. Bank stocks are under pressure throughout Europe. UBS also not exempt from this trend.

 
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13.06.2016

Big move: social media Linkedin to Microsoft for 26.2 billion $

Microsoft, with a flash deal, bought Linkedin cost of $ 26.2 billion, $ 192 per share, the largest professional network in the world. Microsoft's goal is to revive the social network, with over 400 million users, in recent months has disappointed investors and markets because of competition and a labor market recovery that also caters to more traditional channels. In fact, in recent months LinkedIn showed the first signs of weakness: in the last quarter of 2015 closed with a red amounting to $ 8.4 million compared to a profit of 2.9 million profit in the same period last year .

 
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13.06.2016

Russia to resume gas supply depends on the proposals of Kiev

Russian Energy Minister Alexander Novak told the press that negotiations for the resumption of gas supplies to Ukraine will depend on the proposals of Kiev. "Everything will depend on what will be proposed by Ukrainian colleagues, and in this sense, for all I know," Naftogaz "and" Gazprom "are in contact," said when asked about resumption of gas supplies. Formerly the CEO  "Gazprom" Alexey Miller declared that the company had received the request of "Naftogaz" to resume gas supplies from Russia to Ukraine in the second half of 2016 until April 2017. The "Naftogaz" answer is that it has offered to " Gazprom "to sign a supplementary agreement to the contract for the supply of gas in the next three quarters, economically reasonable considering the price level" less transportation hub. "

 
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13.06.2016

Walmart to stop accepting Visa in Canada stores

Walmart supermarket chain will no longer accept Visa cards in its stores in Canada from July 18, reasoned decision from the fees applied considered overly high. At first in Thunder Bay stores it will be impossible to use Visa and then it will be phased in across the country.  "Walmart made this business decision despite Visa offering one of the lowest rates available to any merchant in the country," a spokesperson said. "To ensure we are taking care of our customers' best interests and delivering on our promise of saving customers money, we constantly work to reduce our operating costs, including credit card fees," Walmart Canada said. 

 
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13.06.2016

ECB: drop in oil prices is a sign of economic slowdown

The drop in oil prices is a slowdown in global economic signal. This was stated by the European Central Bank (ECB) in anticipation of the Economic Bulletin, explaining that "while in 2014 most of the drop in oil prices could be explained by the significant increase in the supply of crude oil, the lowest price of the most recently is the reflection of the decline in global demand ". The ECB warns that "even if the low price of oil may support domestic demand due to rising real incomes in the importing countries, this may not necessarily offset the wider effects of the weakening of global demand."

 
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13.06.2016

China stops: production stalled, sales down

China continues to show signs of weakness, triggering panic in financial markets frightened by the possibility that the slowdown in emerging economies could infect the other major industrialized economies. The latest data on industrial production in fact show an increase of 6% in May on an annual basis, exactly as in the previous month, showing no acceleration in the pace of growth, respecting the expectations of analysts. On-month the figure has gone up by 0.45% from 0.47% in April.

 
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13.06.2016

Axpo: first half down sharply

Axpo, the Aargau power company, recorded a sharp drop in profits for the first half year 2015/2016, which ended in March, net profit amounted to 350 million francs, a -18%. Revenue fell by almost 5% to 3.04 billion. The statement today indicates that the company has continued to suffer the repercussions of low energy prices in the wholesale.

 
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13.06.2016

Latest survey Brexit sees winning Leave: 10 points more

The day of the referendum for the Brexit is running and the latest survey, conducted by the Institute for Independent Orb, sees the Eurosceptics ahead by 10 percentage points: 55% of British voters believe that Britain should leave the EU compared to 45% who want to remain. It is one of the widest margins of advantage for the campaign Leave newly registered.

 
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10.06.2016

Oman Government Sells $2.5 Billion of Global Bonds

Oman has raised funds on international markets to stem the financial crisis caused by the collapse in oil prices. Thus, the government of the Arab country has placed 2.5 billion usd bonds, becoming the last country of the Gulf, in order of time, to rely on debt to support its budget market. The sale is the first Omani issue on international markets for almost two decades. The government placed  five-year notes at a coupon rate of 3.625%, and a 10-year at 4.75%. The yields of both bonds were lower than the initial guidance, reflecting a strong demand from local and international buyers. The total demand received from the Government should have been around 7 billion USD, reported the source.

 
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