The US authorities have withdrawn a complaint against UBS that saw the bank forced to produce documents relating to certain bank accounts held at its Singapore branch, payable to an American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.
The European Central Bank (ECB) will accept again the government bonds of Greece to junk status as collateral in refinancing operations. The decision to reopen a source of funding, remained closed for 16 months, should help restore confidence in the greek banking sector and, according to several economists and bankers, could lead to a partial removal of capital controls in the coming days.
Eurozone growth slips to lows recorded in the last 18 months. The figure emerges from the report produced by Markit, the global provider of financial information services, which emphasizes that the Flash Eurozone PMI Composite index of production stops at 52, 8 points against the 53.1 recorded in May.
The value is the minimum for 17 months now. The PMI flash estimate of Eurozone Tertiary activity is estimated in June to 52.4 points against 53.3 in May, a minimum of 18 months.
In Germany there are approximately 154 thousand jobs for the refugees who have no particular professional specializations. This is shown by a document of the IAB (Institute for Research in the work), according to which refugees and newly arrived immigrants in the country does not possess qualifications or qualifications could be used to work in the areas of cleaning and construction, where at the moment the demand is estimated at 154 thousand units.
Economic growth in Ticino is not leaving traces, indeed is less than the rest of Switzerland. According to BAK Basel calculations, the cantonal GDP in both mild recession in 2015 (-0.1%) than in 2016 (-0.1%); data, although provisional for both years, are based on projections made by the institute on the basis of calculations of the Federal Statistical Office for the previous years (the FSO is stopped for now to a provisional figure of GDP reported Ticino 2013 ).
To take the step of shrimp in 2015, according to Bak, would also include the Valais and Grisons, the only other case in Switzerland to go in the opposite direction than the national average (2015 closed with a GDP growth of 0, 9%).
The ECB is ready for any eventuality, even if Brexit, President Mario Draghi said. And even the Fed, the President Janet Yellen said, is ready to act after the vote if necessary.
In his speech to the European Parliament, Draghi said that "the recovery of the euro area has gained momentum at the beginning of the year. It is expected to proceed at a moderate but steady pace, supported by strong domestic demand and transmission of our dal’efficace real economy "policy. He added that the inflation dynamics remain "fairly subdued" and that will remain low in the coming months.
Ads by Mario Draghi, who has coaxed the bankers with borrowed money supply not only at no cost, but even negative interest, the ECB moves to implementation of the plan: the European central bank is ready to pay European finance institutions to lend them money, provided that end up channeled to the real economy.
The new Tiltro plan provides that the interest rate will depend on the behavior of the bank and the use we make of that money. If it acts as always, he will not pay interest; but if the bank increase its lending by at least 2.5%, it will be the ECB to pay the bank, up to 0.4%.
There are about 46.5 million citizens eligible to vote in the UK for a referendum tomorrow on the EU: the state of the updated data of the Electoral Commission of the kingdom, as released by the BBC, will be a total of 46,499,537 persons holders right in the lists of those who will be admitted to the polling stations.
Her Majesty the Queen, Buckingham Palace has confirmed last month, will not travel to the polling station; However, there have been attempts, some tabloids, to enlist among the Eurosceptics, although the sovereign to practice no votes ever.
