The activities of the Chinese manufacturing sector contracted for the fourteenth consecutive month in April, thanks to stagnant demand, thus forcing firms to cut jobs at a more intense pace. This is what emerges from the economic edited by Markit / Caixin, which tracks the performance of medium-sized companies, according to the SME development index (Purchasing managers'index).
First quarter growth for the accounts of Ferrari: the Maranello recorded in the first quarter net profit to 78 million euro, a record for a first quarter, with an increase of 19% over the same period of 2015 while revenues in 675 million with an increase of 8.8%. Declining net industrial debt, which in late March is 782 million. Total deliveries of cars have reached 1,882 units, an increase of 15%.
After the lighthouse operation switched from Brussels and the strong opposition of the US Justice Department, Halliburton has renounced the merger plan announced last November, amounting to 35 billion dollars. The deal was judged by the European Commission too dangerous because it might impede effective competition in violation of the Merger Regulation. The operation that would put together the second and third largest players in the sector, could eliminate the third leader Schlumberger. Even for the US antitrust service, the acquisition would undermine competition in the oil services sector, resulted in higher prices and reduced innovation in the oil services sector.
Crude retraces from highs in 2016 in the wake of increased production in the Middle East, which overshadows the output decline US and a falling dollar. OPEC crude oil production in April rose to 32.64 million barrels per day, close to the highest levels seen in recent history. Even Russia, the largest exporter outside the organization, has increased the monthly export.
The Australian entrepreneur Craig Wright confirmed to be the inventor of Bitcoin, the best known and used virtual currency minted and exchanged online. Wright said he was the person who hides under the pseudonym Satoshi Nakamoto, and confirmed the news by providing further details to GQ magazines, Economist and BBC. Several people who work in the development and management of Bitcoin confirmed Wright's statements, which could then lead to the end of years of speculation and journalistic investigations to track down the creator of the digital currency.
The manufacturing PMI index, prepared by Markit / Adaci, rose in April for the second consecutive month, reaching 53.9 points from 53.5 in March and consolidating above the threshold of 50 that separates growth from those surveys of the sector contraction. The figure was better than economists' expectations, which indicated a slowdown in growth, a Reuters poll in fact gave the index to fall to 53.0 share points, with forecasts oscillating between 52.5 and 54.0.
The French automobile market is still growing: according to figures released monthly data by the Association of French Automobile Manufacturers (CCFA), the sector recorded a sales increase of 6.5% in April, a slightly lower rate than the first three months of 2016, however, higher than that recorded in the same period last year.
The scandal on the fuel consumption data scam continues to haunt Mitsubishi which has been forced to suspend several production lines for a period of several months. This was revealed were the Japanese media. The automaker would block the production of four models at the plants in the western part of the country, after having recognized that they had been falsified test data on fuel consumption since 1991. It is still the date of resumption of production.
Pierrel Pharma, a subsidiary of Pierrel, announced that Orabloc, its flagship anesthetic, recorded in the first quarter of the year increased sales by 35% compared to the same period of 2015. Considering only the month of March, the product It showed an increase of 42% in sales, reaching a record from 2012 in the North American market. The performance in the first quarter "reinforces the management of Pierrel the idea to accompany towards loftier goals its pharma" division, we read in today's statement.
In April, the activities of the Chinese manufacturing sector marked the second consecutive monthly expansion, but the pace of growth remains marginal. The data comes from the index PMI (Purchasing managers' index) prepared on the basis of an economic survey in the institute care of Statistics. The index is passed to 50.1 from 50.2 in March, remaining over the threshold 50, then into expansion territory, but below the consensus 50.4.
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