News

03.05.2016

ECB ready to eliminate 500 euro banknote

The fate of the 500-euro banknotes is marked: the Governing Council of 4 May the ECB will decide the abolition mode. In the stores it will still be accepted, but the production is going to be interrupted. It seems to have come to an end the 500-euro note, long been a target of the EU institutions to be used in criminal activities and money laundering. According to Handelsblatt, in fact, the ECB Governing Council in the May 4 will decide the manner in which the abolition will be performed.

 
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03.05.2016

Fca and Alphabet, near agreement

Close agreement between Fca and Alphabet, the holding company which owns Google, the use by Italian-American automotive group of technology for the automatic guidance developed by Mountain View and that led to the creation of the Google Car prototype. A technology that Mountain View intends to sell to the various car manufacturers, even if they have had considerable impact in the media that the Google Cars for six years already are testing the software for automated driving on the roads of California. According to some estimates, the prototypes of Mountain View would have accumulated so far 1.5 million miles as part of these tests. However, top managers of Google engaged on the project of four-wheeled robots have always specified that the group is not interested in becoming a car manufacturer, with the role of supplier of components.

 
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03.05.2016

China's manufacturing sector: the 14th consecutive month of contraction

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).

 
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02.05.2016

Ferrari first quarter with profits up to 78 million

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%.

 
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02.05.2016

Stop to the merger plan Halliburton - Baker Hughes

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.

 
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02.05.2016

Oil: increases production in April

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.

 
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02.05.2016

The inventor of Bitcoin is an Australian entrepreneur

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.

 
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02.05.2016

Italy, index PMI: manufacturing sector growth accelerates in April

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.

 
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02.05.2016

France: the growing car market even in April

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.

 
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02.05.2016

Mitsubishi stops producing 4 models for Dieselgate

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.

 
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