America

M&A: Lionsgate to buy Starz for $ 4.4 billion

Lions Gate Entertainment, the production company, which produced among others the movies "The Hunger Games", plans to give birth to a merger with media company Starz. According to a report in the Wall Street Journal, Lions Gate has put into the pot $ 4.4 billion, cash and stock, to detect the television network. The agreement brings together the two cable companies, linked to magnate John Malone.

Continue reading

Volkswagen, dieselgate: towards agreement by 15 billion in the US

The Volkswagen Group, overwhelmed by the scandal Dieselgate last autumn, would be ready to sign an agreement to compensate the 475,000 buyers of cars sold in the US as a non-polluting.

Terms of the deal, although not known at the time, would cover only part of the cars sold by the German giant; compensation could even be the record for the largest class action in America, reaching up to 15 billion dollars. Of the total figure, he writes the New York Times, 10 billion will be reserved to purchase vehicles at the prices they had before the scandal broke. The compensation offered to the owners of the cars will go instead from $ 5,000 to 10 thousand, depending on the value of the vehicle before last September, which is the time when Volkswagen admitted publicly that his cars designated as "clean".

Continue reading

Trump, Europe is crumbling after Brexit

During his trip to Scotland, Donald Trump wanted to release his first impressions about the Brexit, "appreciating" the choice made by the British people. In an interview with Italian newspaper La Stampa said that "The people in the UK have claimed their independence, the right to decide how to govern the country and determine their own destiny. It seems to me that this is a positive thing in general. The crumbling of Europe instead is a fact, not my opinion. It depends on the errors committed by its inadequate leadership.

Continue reading

Switching to petro-euro, the new roadmap for Iran

Iran will sell its oil only accepting Euros as payment, thus cutting out the US dollar; the announcement was made by the Oil Minister Bijan Namdar Zanganeh, the Iranian all-news network Irinn.

The choice of a country member of OPEC, the separation from the American currency, it would be the first attempt to do so after several replacement hypothesis; Iran exports 2.3 million barrels per day since part of the Western sanctions were removed.

Continue reading

Jim Rogers: after Brexit dollar better than gold

While analysts and traders from New York to London predict a further rise in gold, one of the veterans of the investment, Jim Rogers, states that, after the Brexit, prefers to focus on the dollar as a safe haven and not on the yellow metal.

Rogers, like George Soros, was among the founders of the Quantum Fund, the legendary US fund that in the 1970-1980 decade earned 4,200% while the S & P was only 47% advanced. It’s also the father of the Rogers International Commodities Index (Rici) at the end of the nineties and works as guest professor teaches finance at Columbia Business School.

Continue reading

US Justice withdraws complaint against UBS

The US authorities have withdrawn a complaint against UBS that saw the bank forced to produce documents relating to certain bank accounts held at its Singapore branch, payable to an American citizen suspected of tax evasion.

Since the institute has found a preliminary agreement with the Internal Revenue Service, the US Justice withdrew the complaint, as announced tonight by the US Department of Justice.

Continue reading

Ex Credit Suisse banker pleads guilty in tax evasion in USA

Former Credit Suisse banker pleaded guilty to helping American citizens to defraud the IRS while working for the Swiss Institute between 2002 and 2009. The declaration, which took place in court in Virginia, in the United States, was made by an Italian citizen 48-year-old resident in Switzerland who confessed to having helped some taxpayers to hide part of their assets in Swiss bank accounts, as the Ministry of American Justice (DoJ) reports in a press release.

Continue reading

Venezuela fighting a very serious economic crisis: near default?

Venezuela is at risk of default: according to a recent report of the rating agency Moody’s, is "highly unlikely" that Venezuela has this year of foreign currency sufficient to meet its payments. The default would hit before the state oil company, PDVSA, followed by the Caracas government.

The situation in the country is very serious and in all respects. The International Monetary Fund now estimates that GDP will fall by 8% this year and that inflation will rise to 480%. Foreign exchange reserves have fallen to $ 12 billion, the lowest level since 2003, of which perhaps just 1.5 to 2.0 billion are readily liquid.

Continue reading