Global equity markets suffered a sharp reversal in early February after notching a string of record highs. We believe the slide is mainly driven by an unwinding of popular trades betting on low equity volatility. The near-term outlook is highly uncertain, as sentiment shifts can stoke large market swings. Yet… Read More »
Syngenta announced today that it has completed the acquisition of Nidera Seeds from COFCO International. Nidera Seeds is an important player in the South American seeds market, diversified across crops, with a pool of proprietary germplasm and a relevant presence in key South American countries including Brazil, Argentina, Uruguay and… Read More »
At the end of 2017, crypto currencies were on everyone lips and screens, with Bitcoin, Ripple and Ethereum boasting incredible performances of 1,400%, 36,000% and 9,100% respectively for the year. Those numbers were difficult to ignore, and the fear of missing out drove demand, account opening and trading volume. Cryptocurrencies… Read More »
The strong start into the year left markets vulnerable. However, we remain constructive due to solid economic fundamentals. It’s been quite a market correction, these past two days. On this, at least everybody can agree. But as soon as you try to put things into perspective, opinions diverge. As an… Read More »
To us, the slowdown in growth is likely to outweigh high inflation rates, which will ultimately lead to a prudent Bank of England policy. While latest economic data point to short term activity to run a little firmer early this year, we believe that the more generalized dynamism will be… Read More »
Frosinone has become the first club in Italian history to complete a successful alternative finance project by raising €1.5m from its own community. The money raised by the campaign will go towards creating the Frosinone village, turning the Stadio Benito Stirpe into a state-of-the-art hub for the entire Frosinone community… Read More »
Assicurazioni Generali SpA announces that it has completed the sale of its entire shareholding in Generali Nederland N.V. (and its subsidiaries) to ASR Nederland N.V., one of the leading insurance groups operating in Holland. This follows the announcement of the sale by Assicurazioni Generali on September 13, 2017. The Generali… Read More »
Ryanair’s CEO Michael O’Leary said: “We are pleased to report this 12% increase in profits during a very challenging Q3. Following our pilot rostering failure in Sept., the painful decision to ground 25 aircraft ensured that punctuality of our operations quickly returned to our normal 90% average. Our AGB customer… Read More »
Growth in the euro area picked up considerably in 2017 coming out at 2.5% vs. 1.8% in 2016, and hitting its highest point since 2007. The ECB played a lead role in this economic improvement: its policy of keeping interest rates very low by maintaining the main refinancing operations rate… Read More »
Pre-tax profitability reflects a lower burden from legacy items. The bank reported income before income taxes of EUR 1.3 billion for the full year 2017, versus a pre-tax loss of EUR 810 million in 2016. The year-on-year improvement was predominantly due to significant reductions in impairments and litigation charges. The… Read More »
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