China undermines the US from the top step of the podium of the largest banks in the world. According to the annual survey of R & S Mediobanca on international banks, in 2015 the largest commercial bank by assets was the Industrial and Commercial Bank of China (ICBC), with 3.146 billion euro, exceeding the US Jpm Chase (2.989 bn). In third place, unchanged, BofA to 2.557 billion.
Twitter still does not convince the market and to experience insufficient growth. Reporting its second-quarter earnings, Twitter fell short of expectations with a $107 million net loss on $602 million in sales. At a 20% gain year-over-year, this is Twitter’s slowest quarter of revenue growth since it went public. Shares dropped by 10% in after-hours trading. The social network also continues to be unable to solve the problem of growth: Users do not increase in the US and are growing too little in the rest of the world. The only monthly users were 313 million, slightly above the consensus of 312.1 million.
Exor leaves Italy. And it announced that the next shareholders should be, among others, Bill Gates and Jacob Rothschild that would have guaranteed an entry into the capital noting allowances that will come from the exercise of withdrawal rights by shareholders opposed the move. Exor will pay 31 euro per share.
Switzerland will benefit from Brexit: Boris Collardi, CEO of Zurich-based banking group Julius Baer is fully convinced. "I’m virtually certain that Switzerland will take advantage of Brexit" Collardi said in an interview published today by Le Temps. "In terms of capital flows, persons domiciled in the United Kingdom or who have decided to use the British platform as a point of reference questions will arise about their future status of resident and the willingness of the authorities to loom as an attractive place for business. They may decide to resort to Switzerland not to put all your eggs in one basket. "
While Apple’s quarterly results are expected today, good news comes from the well-known iPhone sales, which give hope of really positive numbers. According to the US press, the Cupertino company would have sold in recent days billionth iPhone, major symbolic milestone for a company that has always amazed and who initiated this titanic 10 years ago with its founder and inspirational Steve Jobs.
The success of Pokemon Go is not proving equal to the Nintendo accounts. The Japanese company has nearly doubled its stock market value since the game was launched earlier this month, but it has specified in a note – on Friday evening at the close of the markets – the financial impact of the game on the company’s accounts will be "limited" and that is not on the agenda in a rise in estimates on the results for the current year, based on the" current conditions. " It also further dampened enthusiasm by specifying that the sale of Pokemon Go Plus, an accessory for the game produced by Nintendo itself, is already discounted in current forecasts.
The Irish airline Ryanair closes its first quarter of fiscal year 2016-2017 with a net profit up 4% to 256 million euro, while the average rate has fallen by 10% to EUR 39.92 and passenger traffic grew by 11% to 31 million.
"The modest profit growth in the first quarter is in line with estimates," the company announced. The result, Ryanair points out, was affected by the absence of Easter in April-June period, the volatility of the market due to terrorist acts and a series of strikes, especially in France, which led to the cancellation of nearly 1,000 flights.
Verizon Communications has reached an agreement of $ 4.8 billion value to acquire part of the assets of Yahoo and close a long auction process for the former pioneer of the internet world.
The transaction concerns the internet business Yahoo and real estate and is expected to be announced during the day today. The price is far below the market capitalization of over 125 billion dollars achieved from Yahoo at the time of the dot-com bubble.
