The Spanish oil company Repsol reported a decline in net profit in the first quarter by 43 percent to 434 million euro, compared with 761 million euro in the same quarter of the previous year. Adjusted net income in the quarter was 572 million euro, compared to the same period a year ago. The Bloomberg consensus was for just 261 million. Respol had closed 0.37% decline in the Wednesday session in Madrid. Last month it cut its proposed dividend to € 0.30 per share, from an originally proposed € 0.50.
Argentina is still in recession, despite the great strides made by the new government Macri to reactivate growth. According to Moody's, GDP will contract by 1.5% this year, given the ongoing growth of unemployment and inflation that remains above 30%. The agency provides that in Buenos Aires the new policy will not begin to have an effect before next year. The Moody's report comes as a result of Argentina's return on the capital market, after an absence of 15 years.
Meeting at Palazzo Chigi between the Government and representatives of the metalworkers' unions to take stock of the Alcoa dispute. The Government has announced that within two weeks we will know the intentions of Glencore, the Swiss multinational in talks to detect the aluminum plant of the US group which is located in Sardinia.
The theme of the definition of a new tool for Corporate Reporting is a topic that in recent years has been gaining an increasingly importance for managers, consultants and financial analysis. Annual Reports are often too long, many of the pieces of information given are not related to each other, high gaps in communication remain and investors, institutional lenders, management and more generally stakeholders believe that a large part of the information that is disclosed is not adequate to facilitate their decision-making process.
In the first quarter of 2016, Air France-KLM Group has reduced the losses to 155 million euro, a sharp decrease from the 559 million cases of red in the same period last year. The Dutch French group accounts improved primarily due to lower fuel prices, while weighing on the outlook for the full year the threat of terrorism, which has decreased the passengers, and currency uncertainties related to the value of the euro, which could void the benefits of a cheaper raw. In the first quarter of 2016, Air France-KLM posted a sales increase of 0.4 percent, rose to 5.6 billion euro, transporting 19 million and 896mila passengers, up 4.6 percent over the same period 2015. increased by 0.3 per cent capacity, in line with the recovery plan Perform 2020, which provides for an increase of 2.3 per cent per annum of places available between 2017 and 2020.
The Eurogroup will hold a special meeting to examine the situation of macro-economic adjustment program for Greece. The meeting is scheduled Monday, May 9 starting at 15 in Brussels. The meeting of ministers of the euro zone Finance, anticipated in late April via Twitter by the spokesman of the President of the Eurogroup, Jeroen Dijsselbloem, "will focus on a comprehensive list of policy reforms and the sustainability of the Greek public debt." "To carry out the first review of the program and unlock additional financial assistance in favor of Greece both of these elements must be defined," he said on the European Council website.
It slows up employment in the private sector excluding agriculture in the United States. In April, there was an increase of 156 thousand units, against 194,000 units in March (the preliminary figure was 2,145,000). Growth was well below market expectations, which were for an increase of 196 thousand units. The figure was announced by Automated Data Processing (ADP), which each month publishes this report on the labor market on the basis of the aggregate data received from the private sector. This report precedes the official of the Department of Labour, which will be published Friday.
The collapse in oil prices affect in a decisive manner on Royal Dutch Shell accounts. The Anglo-Dutch giant has closed the first quarter with a net profit of 421 million euro, a 89% decrease compared to 4.43 billion dollars in the same period of 2015. Without considering depreciation and exceptional costs, net profit amounted to $ 1.55 billion, -58%. The company also announced that it has reduced to 30 billion dollars from 33 previously expected, the investments planned in 2016.
France is opposed in a decisive manner transatlantic trade agreement of free trade between Europe and the United States, known as TTIP, Transatlantic Trade and Investment Partnership. French President, Francois Hollande, said he was opposed in the cartel and the secretary of state Matthias Fekl, foreign trade, criticized the persistent position of the Americans and the lack of reciprocity, demanding an end to the negotiations.
Beyoncé, the pop star Texas, after being climb atop the hit parade, decided to investiire a part of his wealth in the natural beverage industry, more precisely on the watermelon juice. The singer, who Forbes is worth $ 450 million, bought a share "significantly" in Wtrmln Wtr, a company whose forte are squeezed melons, seasoned only with a few drops of lemon. "This type of product is the future of clean hydration - wrote the singer in a statement - It's more of an investment in a brand. It' s a bet on women's leadership, American agriculture and on people's health and of the planet. "
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