Europe

The Swiss National Bank will not change their interest rates despite the tensions that could arise on the occasion of the vote on a possible British, exit from the EU, according to the survey conducted by Reuters which listened to 36 economists. Experts agree that the SNB will maintain firm between -1.25% and -0.25% the fluctuation margin of the Libor, its main policy rate. Unchanged at -0.75%, they should remain even negative interest on the institution’s accounts around.

Several members of the Peugeot family say they are ready to invest in the PSA Peugeot Citroen automaker to significantly back in the capital. This was reported by the French newspaper Les Echos, citing some of the family members and the former chairman of the supervisory board, Thierry Peugeot.
"Many of us are on the same wavelength" Thierry Peugeot told French daily. The family is made up of a hundred members, and in past years it was divided on the choices regarding the automaker.

The Peugeot group had near bankruptcy in 2013 and was saved with the entry into the capital of the French State and the Chinese company Dongfeng Motor. Both have become major shareholders, with a stake of about 14% each.

The new rules regarding the costs arising from the use of waxed credit, issued by the European Commission, took effect from yesterday. In this way the costs of payments by debit and credit cards will be more transparent to merchants and consumers, and will allow to make their own choices about the type of payment.

In addition, the European Union imposed a cap on so-called interchange fees that may not exceed 0,2% of the transaction value for debit cards and 0.3% for those credit.

While in France the European championships are going to start, Germany has closed the sale for the renewal of TV rights for football. From German auction two important considerations emerge: the telephone operators did not enter in the race and the price increased in proportion to the growth of exclusive offers.

Sky was awarded for another four seasons Bundesliga’s domestic television rights with an average annual outlay of 876 million euro, almost double the 486 million last contract. The new agreement is for "only" 572 matches per season for four championships from 2017-18 on all platforms, accounting for 93% of total meetings.

The Central Bank of Russia has cut interest rates citing more positive inflation trends and stable. The high inflation fears and still potentially rising reduces, the institute led by Governor Elvira Nabiullina has lowered the cost of money by 50 basis points, now fixed at 10.5% from 11% previously.

The last time the Bank of Russia has cut interest rates dates back to August 3, 2015, from 11.5% to 11%. "The easing of inflationary pressures allows us to hope for a sustainable reduction in the index of prices to below 5% in May 2017, to 4% target towards the end of next year," said the institute in a statement . The next meeting is expected on July 29.

ECB President Mario Draghi, speaking at the Brussels Economic Forum, was very clear in the concept expressed: "In the countries of the euro area many structural reforms have been implemented in recent years, especially in those countries most affected by the crisis. The benefits are now visible . But there is still much to do. "

Although there are "many political understandable reasons for delaying structural reforms" in the country, the cost of such delays "is simply too high," he added insisting on the importance of national policies of reforms to support the interventions of the ECB in supporting Eurozone economy.

Change of ownership for the brand of candy Rossana: the Nestlé Group has signed a preliminary agreement for the sale to Fida, an Italian company with headquarters in Asti, the business unit relating to the Rossana brand candies, Fluxes, Glacia, Fruttallegre, lemoncella and cloves. Nestlé, according to a joint statement, has chosen the proposal submitted by Fida, Asti company established in 1973 which operates exclusively in the candy industry.

The Bilderberg Club which brings together the powerful of the earth, by the big economic and finance to policy, from industrial to the most influential personalities of the media world, will meet from June 9 to June 12 in Dresden, Germany, and will have at the center of discussions the possible exit of the UK from the EU, the so-called Brexit, and the secret and controversial transatlantic treaty of free trade between the EU and USA.