Europe

It signed the final agreement for the approximately 50,000 Italians represented by the Task Force Argentina (TFA) in ICSID arbitration proceedings and holders of Argentine bonds in default since 2001. The agreement signed at this time in New York confirms a cash payment equal to 150% original nominal amount of the bonds by the end of June for about $ 1.35 billion, and concerns investors who had not adhered to the two exchange offers (swaps) proposed by the Argentine government in 2005 and 2010.

Daimler conducts an internal investigation on the certification process on diesel emissions in the United States at the request of the US Justice Department.
The response of the Frankfurt Stock Exchange has been a sharp drop in the morning saw the title go down over 6%, just 6.6%.
The German group said it will give full cooperation to the authorities and will investigate any possible indications of irregularities.

The jobless total in the UK increased for the first time in almost a year. The UK unemployment rose by 21,000 to 1.7 million between December and February, and that was the first increase since the May-July period of the last year, the Office for National Statistics reported. The number of people claiming unemployment-related benefits increased by 6,700 in March to 732,100, the first monthly rise since last August. Meanwhile, the unemployment rate remained at anticipated 5.1%, which is still down by 0.5% on a year ago and the lowest since 2005.

In line with market expectations, the Swedish central bank has kept to -0.5% the reference rate, announcing at the same time an increase in the program of ‘quantitative easing purchases’ in order to prevent an appreciation of the crown that would discharge the ‘long-awaited goal of a resurgence of inflation.

The Stockholm interventions in the field of monetary policy are repeated in recent years, to react to a situation that is growing at such a pace as to risk overheating, while inflation remains well below the target set by the central bank at 2%.

The managing director of the state company Pemex Mexican, José Antonio González Anaya, met yesterday in Mexico City her equal role of Eni, Claudio Descalzi. During the meeting, it said in a statement issued last night by the Italian company, Descalzi outlined the company’s strategy in the country, focused on the consolidation and growth of its presence in Mexico, where it was the first international majors to acquire a block (Area 1) following an international tender, which took place last September.

State-backed Lloyds Banking Group is planning a reduction in the workforce of 625 units, in agreement with the unions as part of a cost cutting program.
The cut of the jobs are in the back office and partly in IT, which should be moved to India. "United has made it clear that ‘efficiency’ can not simply mean axing more jobs while expecting the same work to fall on fewer shoulders," United said. "The bank forgets that relentless these cuts have a human cost."

The board of the European Central Bank left to stand the cost of money: the main rate thus remains at a record low of 0.00%, the rate on bank deposits to -0.40% and the marginal lending facility at 0.25%. "They will remain at these levels or lower for a long time, certainly beyond the end of our plan of purchases in 2017," says the president of the ECB, Mario Draghi that no plans at present the dell’helicopter money hypothesis: "Before all, there are technical and legal difficulties, but the truth is that we have never discussed it. "

The Basel Syngenta agrochemical group has recorded in the first quarter of 2016 a decrease in turnover by 7% to $ 3.7 billion. This was announced by the same company in a note, gisutificando the negative sign for the too strong dollar, which affected the business in the first three months of the year.

At constant currency rates, however, sales have remained stable, while volumes have suffered a fall of 2%. As a specific company in a statement, prices have registered a 2% rise in part due to an increase in the countries of the Community of Independent States (CEI) to offset the impact of the depreciation of the currencies.