Unicredit reports first quarter 2016 with a net profit of 406 million euro (-20.8% compared to the same period of 2015, + 165% on the fourth quarter 2015). The figure is above the expectations of analysts who had expected a profit of 379 million. "The realization of the strategic plan is on schedule: both are already tangible results related to reducing costs, both those related to the digital transformation of the bank".
"Never thought to leave, even in the most critical moments", so Claudio Descalzi, CEO of Eni said in an interview with the Italian newspaper L’Avvenire, regarding a possible abandonment of Libya.
"Eni provides 100% of the gas for electricity generation and 50% for domestic users," he added Descalzi. "We guarantee the energy to all parties, but especially to the entire population. If we left, we do a disservice to the country."
In March, industrial orders in Germany were up by 1.9% on a monthly basis. The figure was much worse than analysts’ estimates, which showed a monthly increase of 0.7%. Orders have benefited from the increase of consumer goods, which in the period under review showed an increase of 4%.
The greek parliament approved yesterday in the evening further austerity measures to release the second tranche of the third floor of international aid to 86 billion euro before extraordinary Eurogroup today.
The green light applies in particular to the stabilization (and resulting savings) of the pension system and an increase in taxes for a total 3.6 billion euro, measures that are part of a wider package of 5.4 billion Euros agreed with the ‘ EU and the international Monetary Fund (IMF).
Back to rise the price index in Switzerland, showing signs of recovery, also because of the recovery in oil prices.
Inflation in April marked a clear recovery, reporting a monthly increase of 0.3%, as the previous month, surpassing expectations that indicated a more modest growth of 0.1%. The trend change stood at -0.4%, still indicating a deflationary trend, but best of -0.9% the previous month and 0.6% expected.
The President of the EP Martin Schulz interviewed on Italian radio, said he was not concerned about the hot topic of the June referendum in the United Kingdom.
Schultz stated that there is a two-speed, but rather "multi-speed Europe: there are those who want to enter and those who want to quit." This has provided a cushion to talk Brexit, but the number one assembly in Strasbourg showed more concern for issues pertaining Eurozone.
Deutsche Bank in Frankfurt is under investigation for market manipulation from Trani prosecution along with former management of the group. The story concerns the massive operations, for 7 billion euro in value, made on Italian government bonds between January and June of 2011.
In recent days the military police of Bari Finance, together with the pm Michael Ruggiero, have made seizures of records and email in German institute Milan office and would have listened to witnesses.
The currency reserves of the Swiss National Bank (SNB) rose in April by 1.9% compared to the previous month, the increase was of 11.1 billion Swiss francs for a total of 587.6 billion.
It indicates how much the institute of emissions in a statement on the official website. The revaluation is partly due to the stronger euro, spent over a month from 1.0910 to 1.0990 francs. The single currency is more than 40% of foreign exchange reserves of the SNB. The dollar, about a third of the total, has not however made significant movements.
