The greek parliament approved yesterday in the evening further austerity measures to release the second tranche of the third floor of international aid to 86 billion euro before extraordinary Eurogroup today. The green light applies in particular to the stabilization (and resulting savings) of the pension system and an increase in taxes for a total 3.6 billion euro, measures that are part of a wider package of 5.4 billion Euros agreed with the ' EU and the international Monetary Fund (IMF).
Saudi Arabia does not intend to change its oil policy. Assures the new Minister of Energy, Industry and Mining Resources, Khaled al-Faleh, who took over from veteran Ali al-Naimi said Riyadh and "strengthen its more reliable energy supplier position world". Analysts at the time, waiting for the reaction of the markets. In office since 1995, the former minister has been replaced by the Minister of Health and Chairman of the Aramco oil giant, al-Falih: the shift goal of such an important minister in the Arab country is to improve the fortunes of the economy hit hard by the collapse in oil prices.
In March, industrial orders in Germany were up by 1.9% on a monthly basis. The figure was much worse than analysts' estimates, which showed a monthly increase of 0.7%. Orders have benefited from the increase of consumer goods, which in the period under review showed an increase of 4%.
· Section S3 of our survey, dedicated to the development of guidelines and key performance indicators (KPIs) and risk (Kris), showed that among the factors most commonly cited by financial analysts are those connected with GRI (44,16% ), while with reference to the KPIs and KRIs a general usefulness was recognised (83.13%) but with a request from many analysts to limit the number of indicators and try to get a degree of standardization that allows for the development of specific indicators for the type of company rather than for the sector of industry.
The United States continued to create jobs in the month of April, although at a slower pace than before. An indication almost expected, given the slowdown came in recent days. The framework of the ADP report showed a lower than expected employment growth in the agricultural sector, while they returned to rise layoffs in the United States. American companies take less than what happened at the end of 2015 while increasing the Americans applying for unemployment benefit.
Greece has started today a nationwide 48-hour strike to protest against the tax and benefit reforms to get money from international creditors. Organized by major public and private unions, the strike has kept the ships docked at the port and is blocking public transport. Even journalists have joined the protest. "They are trying to prove the Eurogroup who are good students, but they are destroying the social security system of Greece," said the union the GSEE private sector, defining the new reforms are pending approval "the last nail in the coffin" for workers and retirees after six years of austerity. The groom is hoped that the measures, which should be approved on Sunday by the Parliament, will help to convince the creditors to approve the release of EUR 5 billion of aid. Greece needs the bailout funds to repay the IMF loans and bonds in the belly to the ECB expires in July.
The currency reserves of the Swiss National Bank (SNB) rose in April by 1.9% compared to the previous month, the increase was of 11.1 billion Swiss francs for a total of 587.6 billion. It indicates how much the institute of emissions in a statement on the official website. The revaluation is partly due to the stronger euro, spent over a month from 1.0910 to 1.0990 francs. The single currency is more than 40% of foreign exchange reserves of the SNB. The dollar, about a third of the total, has not however made significant movements.
ArcelorMittal, the first global steel producer, has closed the first quarter of 2016 improved, with net losses of $ 416 million (364.3 million euro) compared with 728 million the same period last year. The company has however confirmed that foresees further improvements on the side of profits, with EBITDA (earnings before interest, taxes, depreciation and amortization), which for 2016 to exceed $ 4.5 billion (3.94 billion euro).
Deutsche Bank in Frankfurt is under investigation for market manipulation from Trani prosecution along with former management of the group. The story concerns the massive operations, for 7 billion euro in value, made on Italian government bonds between January and June of 2011. In recent days the military police of Bari Finance, together with the pm Michael Ruggiero, have made seizures of records and email in German institute Milan office and would have listened to witnesses.
San Diego has decided to focus on renewable energies. The Californian city set in 19 years, the time frame necessary to become a model of sustainability: the aim of the ambitious Action Plan for Climate signed recently by Mayor Kevin Falconer expects the Californian city is fully powered from clean energy by 2035. to carry out this project, the next city budget will be allocated 127 million dollars to subsidize the increasing separate waste collection and recycling, sustainable mobility and savings, both energy and water, of course, the development of renewable energy, most notably photovoltaics.
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