Bayer confirms the rumor about the latest rumor on the acquisition of Monsanto. As it said in a statement from the German giant meetings have taken place between the two big players. "The proposed combination would strengthen Bayer with leading positions in the areas of core business and choirs would be born a leader in the food business." If the merger were to go through, it would create the largest producer of seeds and chemical products for the agricultural industry in the world, with annual sales that could exceed $ 67 billion.
The Federal Reserve leaves a door to a possible rate hike in June, which would judge "appropriate" if the macroeconomic data were to confirm an acceleration of the US economy in the second quarter (the GDP in the 1st quarter marked an abrupt deceleration). This is revealed by the minutes of the last meeting of the FOMC, the monetary policy committee of the Fed, on 26 and 27 April. On that occasion, the bankers had preferred to leave interest rates unchanged in a band between 0.20% and 0.50%, after the first increase work last December.
The City of Lugano has decided to act on a request agreement with Almaty in view of a network collaboration with partners active in the area. The mission's program provides, in fact, for each company present, a series of B2B meetings with potential Kazakh partners. Considering that in Lugano there is already a significant number of activities related to Kazakhstan in the most dynamic sectors, the agreement with Almaty is a good opportunity for the promotion of Lugano worldwide and serves as a support to the development strategies already in place at regional level.
Switzerland is ranked sixth globally in terms of satisfaction of employees about their workplace. More than 78% of respondents reported to be satisfied, even a lot, while only 8% are dissatisfied; the remaining 14% does not take sides. A position shared by the Netherlands, Spain and the United States, according to the ranking published by Randstad, a company specialized in brokerage personnel, standings led by India (84%), Mexico (83%), Austria (81%), Denmark (81 %) and Norway (81%) and sees that on the bottom of China (57%) and Japan (40%). The employees' first seeking employment that offers them prospects, an atmosphere of pleasant work, a fair wage as well as good social benefits and job security in the long term ", noted in a statement issued today Nathalie Zihlmann, director of human resources Randstad Switzerland, a company specialized in personal banking.
The sentence to five years' imprisonment imposed in November by the Federal Criminal Court (TPF) to Hervé Falciani is final. Former IT bank Franco-Italian HSBC could file an appeal against the judgment of Bellinzona judges who convicted of economic espionage, but did not do so, as indicated by the Federal Court (TF). The TPF had acquitted Falciani - that was not presented at trial - from other charges, such as breach of commercial confidentiality. Falciani had copied, from 2006 to 2008, bank details of the Geneva branch of HSBC and had later, from 2008 to 2014, made them accessible to different private companies and public bodies in different countries.
The Russian company Open Mobile Platform is developing an alternative operating system to Android and iOS, which are currently installed in 90% of the smartphones of the Russian population. In this way Putin intends to break the duopoly of Apple and Google and protect information about their citizens. The Russian company, founded only a month ago, would be at work in the creation of an operating system based on Linux and derived from Sailfish OS, designed for large enterprises and for those who care about the privacy and security. Initially this OS should only be made available in the Russian language to meet the local demand and regulatory requirements, and then try to expand into the rest of the world.
The scandal over the falsification test for anti-smog emissions in Japan has led to the resignation of the president of Mitsubishi Motors. A statement from the Nissan announced that Tetsuro Aikawa will leave the company with effect from June 24, for "the problems caused to customers and shareholders." The scandal had prompted the earlier group to accept entry-saving in its capital of Nissan countryman, who will become the largest shareholder.
A pink diamond cut in the shape of pear, the largest of its kind ever sold at auction, was sold yesterday at Sotheby's in Geneva to 27.3 million francs, rising to 30.8 with the associated costs. The price is relatively low compared to the fork provided by the auction house, which ranged from 28 to 38 million dollars. The buyer was not disclosed. The 15.38 carat stone, called "Unique Pink", was found in a South African mine. Remains undefeated so the record set by "Graff Pink" in 2011 with 46.2 million dollars, while the total for a diamond is 48.5 million, amount paid earlier this year by Hong Kong billionaire Joseph Lau for " Blue Moon ", presented to the 7 year old daughter Josephine.
The S&P Index is hovering around 2,060 with EPS presently at $86.53 and P/E at 23.85 or 22.1 depending on the source one likes. The prices for equities can be considered rather high if compared with median values of P/E around 14. US Q1 reported earnings certainly do not justify such high current prices. Share repurchase programmes should have increased EPS as many companies have acquired debt to shore up their stock prices, thereby enriching executives.
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