Corporate

Bayer confirms the rumor about the latest rumor on the acquisition of Monsanto. As it said in a statement from the German giant meetings have taken place between the two big players.

"The proposed combination would strengthen Bayer with leading positions in the areas of core business and choirs would be born a leader in the food business."

If the merger were to go through, it would create the largest producer of seeds and chemical products for the agricultural industry in the world, with annual sales that could exceed $ 67 billion.

The number of failures for insolvency suffered in April jumped by 25% to 424 over one year, according to Bisnode’ note today , international economic information companies.

To be precise, in the first four months of the year, 1,541 companies have brought books in court for insolvency figures up 9% over one year. In Ticino, from January to April the failures for insolvency were 112 (+ 13%). Graubünden has gone from 18 to 23 bankruptcies (+ 28%).

Julius Baer announces that it has recorded an increase in deposits of 6 billion, ie by 2% compared to the end of 2015. This progression must constantly increase the supply of capital and consolidation, 1 April 2016, the Italian management company Kairos that manages funds for about 9 billion. A contribution which more than offset the negative trend of the exchange rate fluctuations, primarily the weakness of the US dollar and British pound against the Swiss franc.

The figure divulged by Julius Baer enrolled in the fork of the forecasts of analysts who expected a mass under management of between 290 and 309 billion francs with a consensus at 302.7 billion.

Axa Winterthur has improved last year in operating profit before tax in the occupational pension bringing it to 221 million francs compared to 211 million in 2014 while revenue from premiums are ccalo, as reported in a note the group.

The decline on a year of new contracts was 32%; overall, global revenue from premiums fell by 2.1%, to 7.5 billion francs.
As for the pension fund, Axa has obtained 1.8 billion Swiss francs, which corresponds to a gross yield of 3.4%, compared with 3.33% the previous year.

The scandal over the falsification test for anti-smog emissions in Japan has led to the resignation of the president of Mitsubishi Motors. A statement from the Nissan announced that Tetsuro Aikawa will leave the company with effect from June 24, for "the problems caused to customers and shareholders." The scandal had prompted the earlier group to accept entry-saving in its capital of Nissan countryman, who will become the largest shareholder.

The Russian company Open Mobile Platform is developing an alternative operating system to Android and iOS, which are currently installed in 90% of the smartphones of the Russian population. In this way Putin intends to break the duopoly of Apple and Google and protect information about their citizens.

The Russian company, founded only a month ago, would be at work in the creation of an operating system based on Linux and derived from Sailfish OS, designed for large enterprises and for those who care about the privacy and security. Initially this OS should only be made available in the Russian language to meet the local demand and regulatory requirements, and then try to expand into the rest of the world.

Emmi strengthens activities in the United States: the dairy group Lucerne detects the American Society Cowgirl Creamery Corporation, a company that produces cheese made from organic milk, along with its commercial subsidiary Tomales Bay Foods. The two companies based in California have a total of 96 employees and a turnover of about 20 million dollars a year, Emmi has indicated in a statement today. No financial details of the transaction shall be specified.

The acquisition of both companies is in line with the development strategy internationally. Emmi generates 44% of its sales abroad: one third by exports from Switzerland and two-thirds of the products manufactured locally by subsidiaries Emmi, the statement said. North America is the main international market group.

Vodafone records the first growth since 2008, on a comparable basis, revenues and earnings for the year core, supported by an increase in revenues in Europe in the fourth quarter.

In particular, the British telecommunications group posted a net loss of 3.8 billion pounds, compared to 5.86 billion for the year to 31 March 2015. Revenues are down 3% to 40.97 billion but showed an increase in organic growth of 2.3%.