The Donald Trump-style protectionism could hurt the global economy. This was stated by Director General of the IMF, Christine Lagarde, in an interview with the Financial Times yesterday, pointing out that protectionism is negative for growth, social inclusion and people.
Lagarde warns about the risk of a new pause in the march of globalization, a moment like the destruction caused from the beginning of the First World War.
"An epic bubble colossal", so Peter Boockvar, managing director and chief analyst at the Lindsey Group, referring to CNBC what is happening on the global bond markets.
In fact, the market for government bonds perceived as "safe", are touching ever lower yields: that of the ten-year US Treasury bond this week fell to historic lows. According Boockvar, investors are not rushing to buy stocks from very few returns for the interest they offer, but to achieve capital gains (or capital gains).
In the opionion of Bill Gross, manager of the Janus Global Unconstrained Bond Fund of Janus Capital Group, who has not played by children at the famous board game might have difficulty in managing the US finances. In fact in his latest Investment Outlook titled "Just a Game" wanted to provoke the American financial world with a curious comparison: "If only the Fed governors and US presidents had played more Monopoly and taking less account of the historical models, probably the US economy and its future prospects would be best. "
French food group Danone announced the purchase of The WhiteWave, US companies, specializing in the production of bio-based products and vegetable milk. The transaction values in the $ 12.5 billion that the American company has in its portfolio brands such as Silk, So Delicious, Alpro and Vega.
The agreement provides that the Us Group shareholders will receive $ 56.25 for each share their cash. It is a premium of 19% over the closing price on Wednesday. Danone thus doubling its size in the United States, increasing its presence from 12% now to 22%.
McDonald’s is the master of Mac and Mc suffixes: the decision that will surely set a precedent in the world of commerce, came after a legal battle waged by the American giant of fast-food.
The EU Court ruled that "the reputation of McDonald’s brand is used to prevent the registration, for food or drinks, the brands that combine the prefix ‘Mac’ or ‘Mc’ with the name of a product food or a drink ".
Argentina wants to take the path of economic recovery as soon as possible. The head of the Agency for Investment and International Trade, Juan Procaccini, in announcing an International Forum, a sort of mini-Davos, to be held in Buenos Aires in September with the presence of around 800 companies, has revealed that the Mauricio Macri’s government aims to attract investments of about one hundred billion dollars over the next eight years to revive the country’s economy.
From 12 to 15 September over 1,500 local and international investors, entrepreneurs and political leaders will have the opportunity to explore investment opportunities that Argentina has to offer.
Puerto Rico has been saved. The US president, Barack Obama, will sign a law that was passed by Congress and that will allow the restructuring of the debt of the American territory, which threatened to declare default in the coming days. A decision that opens the way for the restructuring of the debt of 72 billion dollars in bonds and the governor of Puerto Rico, Alejandro Garcia, had clearly stated that he could not honor the deadline of 1 July, amounting to $ 2 billion.
The oracle of East Lansing spoke: Democrat Hillary Clinton has huge chance to become the forty-fifth president of the United States. Nate Silver, the founder of the Five Thirty Eight site, the man capable of providing virtually error-free the results of the US presidential elections of 2008 and 2012 with its statistical models (with 50 states and the District of Columbia, missed only on Indiana where Barack Obama won in 2008), he has published the first forecast on the upcoming US elections.
