News

09.06.2016

Sky-Vodafone merger worth 2 billion in New Zealand

Important convergences in the world of media and TLC: Vodafone New Zealand and Sky Network Television today announced the merger of the two groups by the value of 3.44 billion New Zealand dollars, amounting to over 2.1 billion euro. Sky will acquire Vodavone NZ, second group of telecommunications in the country, in part by buying shares and partly cash (1.25 billion New Zealand dollars). Sky then take control (51%) of the companies that merged. The merger combines the first brand of mobile phones with over 2.35 million customers and the leader of the tv for a fee, with 830 thousand subscribers

 
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09.06.2016

Japan still standing: machinery orders fall

New collapse in April machinery orders in Japan, after the recovery of the previous month, confirming the difficult situation facing the Japanese economy. The total orders for the private sector in April recorded a fall of 20.2%, after + 2% previously. The indicator has been published by the Institute of Economic Research and the Japan Social (ESRI).

 
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09.06.2016

Draghi: we must implement the reforms

ECB President Mario Draghi, speaking at the Brussels Economic Forum,  was very clear in the concept expressed: "In the countries of the euro area many structural reforms have been implemented in recent years, especially in those countries most affected by the crisis. The benefits are now visible . But there is still much to do. " Although there are "many political understandable reasons for delaying structural reforms" in the country, the cost of such delays "is simply too high," he added insisting on the importance of national policies of reforms to support the interventions of the ECB in supporting Eurozone economy.

 
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09.06.2016

Deflation in China: rising sharply prices

Inflation slows sharply in China, registering the first failure in the last seven months, confirming that the deflation risk is also increased in the major Asian economy. The consumer price index increased by 2% trend in May, showing a sharp slowdown compared to the 2.3% recorded in April. Inflation is also revealed below the 2.2% consensus and remains a far cry from the growth rates that characterized the Chinese economy a few years ago, when economic growth was closer to that of a developing country .

 
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08.06.2016

Swiss people "don't like" teleworking

Although high-speed Internet access is easy, the home telework is still the exception in Switzerland: in 2015 only 2.7% of the working population worked from home comfortably. Reading in a complete statistics, from 2001 to 2015 the number of "teleworkers" people has quadrupled, reaching a height of 120,000, as the Federal Statistical Office (FSO) indicates in his report "The home telework in Switzerland, 2001- 2015 ".

 
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08.06.2016

The economic situation in Switzerland is not improving

This morning the Swiss Consumer Price Index came out in line with the analysts’ expectations (0.1% vs 0.2% expected MoM and -0.4% vs -0.4% expected YoY). The figure is, in absolute value, very low and comparatively, it is located in the average of what we experienced since 2010. This does confirm what we explained with the Foreign Currency Reserves, which was the highest number ever for the SNB.

 
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08.06.2016

Bilderberg: Brexit and TTIP in the menu 2016

The Bilderberg Club which brings together the powerful of the earth, by the big economic and finance to policy, from industrial to the most influential personalities of the media world, will meet from June 9 to June 12 in Dresden, Germany, and will have at the center of discussions the possible exit of the UK from the EU, the so-called Brexit, and the secret and controversial transatlantic treaty of free trade between the EU and USA.

 
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08.06.2016

The SNB is still intervening massively to stabilize the EURCHF exchange rate

The SNB foreign currency reserves came out this morning. They were significantly higher than the previous month (602.1bn vs 587.6bn CHF). This is the highest number ever for the SNB, which keeps increasing its reserves since early 2009 and dramatically accelerated since 2012. This shows what, intuitively, we thought: the SNB is still intervening massively to stabilize the EURCHF exchange rate, which is trapped in the 1.10-1.11 range since late April, and almost always above 1.09 since January. And this is not going to stop.

 
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08.06.2016

Rossana candy back in Italy: Nestlé sells to Fida

Change of ownership for the brand of candy Rossana: the Nestlé Group has signed a preliminary agreement for the sale to Fida, an Italian company with headquarters in Asti, the business unit relating to the Rossana brand candies, Fluxes, Glacia, Fruttallegre, lemoncella and cloves. Nestlé, according to a joint statement, has chosen the proposal submitted by Fida, Asti company established in 1973 which operates exclusively in the candy industry.

 
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08.06.2016

World Bank cuts growth forecasts for the global economy

The World Bank has cut its global economic growth forecasts and subscribed to cut forecasts operated by other supranational institutions, due to the uncertainty of the macroeconomic scenario. The new estimate indicates an increase of 2.4% compared to 2.9% previously indicated. Growth readjusts well to the levels of 2015, and will tend to rise to 2.8% in 2017 and 3% in 2018.

 
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