Entertainment World News Online: August 2016

Wednesday, August 31, 2016

Work, after four months decreases the number of employed. Unemployment down to 11.4% – The Messenger

In July the busy back to decline compared to June (-63 thousand), interrupting the positive trend recorded in the previous 4 months . The notes Istat stressing however that, compared to the same month of 2015, there are 266,000 employees in more (+ 1.2%). The decline on a monthly basis is attributable to both men to a greater extent to women and regards the self-employed (-68 thousand), while remaining essentially unchanged employees.

In July, it reduces participation in the labor market, ie drop employed and unemployed, while increasing the inactive, people who do not work and do not seek it. Istat announced that the inactive between 15 and 64 years increased in a month by 0.4% (+53 thousand), after the fall recorded in the previous four months. Compared to the level of July 2015, however, the inactive are 407,000 less.

Unemployment fell to 11.4% in July, 0.1% percentage points less than in June. The youth unemployment rate – between 15 and 24 years of age – however, rose to 39.2%, two percentage points more than in June. The employment rate recorded in July fell by 0.1% percentage points to 57.3%.

31/08/2016 10:43:46

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Apple, the US threats do not scare the EU. Lew: “Combating tax avoidance” – The Republic

MILAN – The day after the big fine from 13 billion euro against Apple for the illegal tax agreement closely with Ireland, the European Commission officials hide behind the classic “no comment “. While in Dublin it met the government to decide the time and manner of any appeal against the decision of Brussels. From the United States, meanwhile, returns to speak Treasury Secretary, Jack Lew, on the one hand concerned about the European activism against American companies, the other urging the US Congress to take action on the tax system.

All ‘ agenda of the Irish government’s meeting is the desire to appeal against Brussels, but the timing of the action announced by the Minister of Finance, Michael Noonan, but could slip to allow a thorough discussion “of the anxieties and concerns” of some components of the team. In particular, according to local media, some doubts about the choice of immediately raising the legal standard the tone of confrontation with the EU has been expressed by some “independent ministers.”

Since the EU Commission offices, instead , everything’s quiet. A choice certainly not dictated by concerns about the reactions of Dublin or the Americans, but because – they say European sources – has already been the same Competition Commissioner, Margrethe Vestager, saying not to fear setbacks for investment in Europe. “When I see the work they are doing my colleagues Katainen for Juncker and Bienkowska Plan for the internal market, are not concerned” about the future of investment in Europe, he has already warned yesterday Vestager, recalling the action similar to her the distant predecessor Mario Monti. Despite his maxi-fine to Microsoft, there was no impact on investment ‘hi-tech’ in the EU. And as for the clash with the US, he added the Commissioner, with their “we share the same approach of OECD and G20 in the fight against tax evasion and the same values of fair taxation to citizens”, adding despite allegations of Treasury American, had not changed “no rule.”

However, the US Treasury Secretary, Jack Lew, returning to talk about the case Apple has wanted to emphasize that the main EU actions seem concentrated on companies American. Washington fears that Brussels uses the theory of state aid to the rules on fees and believe that the EU’s approach jeopardizes the European fiscal framework. Also why Lew asks Congress to act to address the crux of the tax reform stating that America shares with the EU’s commitment to close tax loopholes for circumvention.

Meanwhile, in his latest publishing the New York Times is not sparing Cupertino. “Apple has started an aggressive tax planning for at least a decade, which led her to hide $ 100 billion in Ireland, earned without paying taxes anywhere in the world, as evidenced by an investigation by the US Senate . With an excess of arrogance, the company believed that its magheggi into a full-blown tax haven like Ireland were never considered illegal, although the European Union had already taken action against other companies such as Amazon, Fiat and BASF. “

According to the newspaper, the United States, however, were wrong because instead of wasting time to decide how much and how to tax the capital of US companies abroad would have to act quickly, at least before the intervention of the ‘ European Union. Now attack Europe does not make sense, rather it is a battle behind the lines. It would be better that Democrats and Republicans could agree on how to attack the 2.1 trillion US dollars parked abroad. The same opinion, the Financial Times, pointing the finger at Apple: the European sanction was “a boon”, in the US the company would have shelled out more than they asked from Brussels.

Work, Istat: in July the unemployment rate drops to 11.4%, but increases among young people – Il Sole 24 Ore

In July, the unemployment rate has fallen a total of 11.4%, down 0.1 percentage points from June but at the same time decreases the number of employed. This was communicated by Istat stating that, after the increase recorded in June (+ 1.3%), the monthly estimate of the unemployed in July drops by 1.3% (-39 thousand). The decline affects both men (-1.4%) and women (- 2%) and all age groups except 15-24 (+23 thousand) and the 25-34 year olds (+38 thousand). However, the decrease is at least partly due to the increase of inactive, that is, people who give up looking for a job.

oN UNEMPLOYMENT RATE
seasonally adjusted data,% values (source: Istat)

occupancy rate drops to 57.3%
the employment rate continues to Istat, in fact it dropped 0.1 percentage points in July to 57.3% from the previous month. The statistical office said that the estimate of employed falls by 0.3% compared to June (-63 thousand), interrupting the positive trend recorded in the previous four months (+ 0.4% in March, up 0.5 % in April, up 0.2% in May and June). The decline is attributable to both men to a greater extent to women and respect the independent (-68 thousand), while employees remain substantially unchanged. Employed fall in the age groups up to 49 years while increasing among those over 50.

THE EMPLOYMENT RATE
data seasonally adjusted,% values (source: Istat)

Meeting youth unemployment
though salt the rate of youth unemployment in July: the unemployment rate of the aged 15-24, that is, the share of young unemployed on the total of the active ones (employed and unemployed), is 39.2%, an increase of 2 percentage points from the previous month. This was announced by the Mayor, adding that the calculation of the unemployment rate are by definition excluded young people inactive, ie those who are not employed and not looking for work, in most cases because they were engaged in studies.

THE YOUTH UNEMPLOYMENT RATE
seasonally adjusted data,% values (source: Istat)

The percentage of unemployed young people between 15 and 24 of all young people of the same age group is 10.4% (that is, little more than a young man of 10 is unemployed). This incidence has increased by 0.4 percentage points compared with June. The employment rate fell by 0.7 percentage points, while that of inactivity increases of 0.3 points.

Istat: first drop in employment from 4 months. Weigh collaborators and games Iva

Inflation: estimated +0.2 % in August, the trend stopped at -0.1%
the Mayor also announced that in August, according to preliminary estimates, the national consumer price index for the whole nation (NIC), gross of tobacco, registered an increase of 0.2% on a monthly basis and a decrease of 0.1% on an annual basis registering the same trend rate in July. The continuation of the deflationary phase, explains the statistical office, is the synthesis of price dynamics in the opposite direction which are netted. While, in fact, weakens the downward trend of the prices of non-regulated Energy (-7.0%, from -8.0% in July) and accelerates the growth of those of unprocessed Food (+ 2.4% , was + 1.5% the previous month), on the other the prices of services related to communications recorded a trend reversal (-1.4%, was up 0.4% in July), and resets the growth of those related to transport services (was + 0.7% the previous month). Prices of high-frequency products purchase did not vary in economic terms and record, in trend terms, an increase of + 0.1% (it was -0.1% in July).

Work, Istat: in July the unemployment rate drops to 11.4%, but increases among young people – Il Sole 24 Ore

oN UNEMPLOYMENT RATE
seasonally adjusted data,% values (source: Istat)

THE EMPLOYMENT RATE
data seasonally adjusted,% values (source: Istat)

THE YOUTH UNEMPLOYMENT RATE
seasonally adjusted data,% values (source: Istat)

Istat: first drop in employment from 4 months. Weigh collaborators and games Iva

Apple, EU tile 13 billion. And the White House raises the barricades – The Messenger

BRUSSELS
It is a record that yesterday the European Commission has complained to Apple for unlawful State aid: 13 billion plus interest for having benefited from a favorable legal treatment in the course of 11 years, due to an administrative decision Ireland that has allowed the US giant to pay also 0.005% tax on profits in Europe and elsewhere. “It is not a fine: they do not pay taxes that must be paid,” said Competition Commissioner, Margrethe Vestager, presenting a decision which has raised strong reactions in Dublin, Washington and Cupertino. The Irish Government and Apple have announced their intention to appeal against the European Antitrust.

The White House said it was “concerned about the unilateral approach.” According to the US Treasury, “the Commission’s actions threaten to undermine foreign investment, the business climate in Europe and the important spirit of economic cooperation between the US and EU”.

REACTIONS
The CEO of Apple, Tim Cook, wrote a letter, stressing that the decision “will have profoundly negative effects on investment and the creation of jobs in Europe.” With a paradox: “We are ordered to retroactively pay additional taxes to a government that says that we do not have anything more than we already paid for,” said the successor to Steve Jobs. The Apple of the Commission’s decision is yet another in a long line on the tax benefits granted by some Member States (Luxembourg, the Netherlands and Belgium) to the multinationals through tax ruling (the administrative decisions which predetermine the amount of taxes that a company is required to pay, ed). But so far the amount of illegal aid claimed to companies like Amazon, Starbucks and Fiat was limited to a few tens or hundreds of millions. The 13 billion claimed Apple is an absolute record in the decisions on State aid, well beyond the 1.4 billion that the French electricity giant EDF has had to return to France last year. And ” a clear signal, “said Vestager: ‘Member States may not grant unfair tax advantages to selected companies, whether European or foreign, whether small or large,” said Vestager, noting that in 2014 Apple has paid just 50 euro for each million EUR of profit.

the investigation focused on two of Apple recorded in Ireland – Apple Sales International and Apple Operations Europe companies which had concluded two tax ruling with the authorities of Dublin to determine the taxable profits. Much of the profits were charged to the “headquarters” that existed only on paper: there were not “employees and offices and the activity was sporadic,” he insisted Vestager. By contrast, the Irish subsidiary that carried out the actual sales operations throughout Europe, the Middle East, Africa and India recorded very few profits, taxed on the basis of very low Irish tax rate (12.5%). In 2011 to 16 billion in profits made by Apple Sale International, less than 50 million have been attributed to its Irish subsidiary, while “the rest was not taxed,” said Vestager.

PROCEDURES
Before ending up in the coffers of the Irish government, 13 billion should end in a blocked account pending the outcome of proceedings before the European Court of Justice in a process that could take longer than five years. The figure could be reduced if other countries were to impose Apple to pay more taxes on gains registered by the multinational. In his letter, Cook has accused the Commission of having dealt “a devastating blow to the sovereignty of the Member States on tax issues and the principle of legal certainty in Europe.”

Tuesday, August 30, 2016

Apple, one that does not say Cook and his signature on agreements – The Republic

MILAN – It rails against Europe, just consider the taxes paid (or unpaid) in Ireland and the few who still paid In the USA. It recognizes that the mind of the group with his inventions is that here in California and who benefits and any tax levies. Tim Cook relies on a letter all his disappointment with the EU asks 13 billion in back taxes. It advances the credit for what Apple has done in Europe and in Ireland. Speaks in general of the group, the Irish and European subsidiaries, employees who work in Cork, but forgets to mention two Irish companies, Apple Operations International (Aoi) who brokered for Apple Inc sales in America and Apple Sales International (ASI), which handled the sale of the products in Europe, Middle East, Africa, India, Asia and the Pacific. And are the Americans themselves (mind you not the European Commissioners) in the survey report of the Permanent subcommitte on investigation (PSI) of the US Senate, entitled “Offshore Profit Shifting and the Us tax code”, dated May 21, 2013 to denounce what are the Aoi and Asi.
It ‘s true, as claimed by Cook in his letter, that Apple has opened up several companies in Ireland and in different historical periods has also created jobs. The Irish companies were incorporated in the Eighties and initially were really the headquarters of the group’s production. But what Cook does not say is that as a result of the crisis of the nineties, Apple has moved production to China, while maintaining the same corporate structure to take advantage of the related tax benefits. It is no coincidence that Cook did not even speak of Aoi, for example, the holding company that owns many foreign affiliates of the group and through which pass all receipts Use: Built-branch under the Irish legislation in 1980 , while sharing the same address in Cork of many other companies in the group, has not here or anywhere else in Ireland no physical presence.

Furthermore, the Aoi since its landing in Ireland, more than 30 years ago “does not never had no employees, “write the investigators Use citing the interrogation of one of its directors Cathy Kearney (occurred on April 19, 2013). At the time of the survey, the Aoi was staffed by two employees, both of California’s Apple Inc, Gene Levoff and Gary Wipfler, who lived in California, and covered the same role as directors for countless other companies of the group, and an Irish, Cathy Kearney fact, however, assumed by another company of the Apple (the Adi with the vice president of qualifying for European operations).
meetings of the Board of Aoi have always been held in the United States: ” of the 33 meetings held – the report says – between the years 2006 and 2012, as many as 32 were made at Cupertino and Kearney has participated in only 7 of these, 6 of which intervened by phone. ” Apple itself has stated that for Aoi did not exist or personal bank accounts in Ireland. Yet Aoi, by admission of Apple, received between 2009 and 2012, 29.9 billion dollars in dividends from the foreign network of the operating companies of Apple.
The US Senate report ( on page 23) reveals using the same Apple statements, as they are misleading the words of Cook: “the Apple explained that, although Aoi is incorporated in Ireland since 1980, has never declared to be resident in Ireland or in any other country, so that he never paid no tax of any national government in the last five years “. The company has been able to do this because in Ireland has declared that it was a company under control of an Irish mother company and the US said instead of not being a company incorporated under US law. In the same
condition of Aoi, no tax residence and no employees, there was also the Apple Sales International (ASI), the management of which has been active in the same Tim Cook, signing a cost-sharing agreement with Apple Inc. So if you true that by 60 employees of Cork in the 80′s it has come to 6 thousand people in Ireland, why not talk then of what job they have done the Irish Aoi and Asi and their weight in terms of personnel? An obscure work but brought into the spotlight by the Commission of the Senate she, like the EU, to the hunting of money escaped from Apple. Today, thanks to aggressive tax planning, in the group’s coffers are nearly $ 230 billion, many of them in offshore safes. And before which pales the request for 13 billion euro from the European Commission.

Topics :: apple

Starring:: tim cook

Government expects positive growth in the second quarter – The Republic

Rome, August 30 – The data on the turnover of the services in the second quarter, released today by ISTAT, and ‘encouraging and promising for the same period of positive economic growth, not zero growth. The sources said the Ministry of Economy explained that the final result of the second quarter GDP in 2016 will be ‘announced by ISTAT Friday’ September 2, at the dissemination of quarterly economic data. Meanwhile, there’s signs of recovery for the trade in the middle ‘year, although consumption still affect too little. Istat noted that in June retail sales recorded an economic growth of 0.2% and an upward trend of 0.8%, reversing the ugly trend in May, where they recorded a -1.3% annual and + 0.3% monthly. Are sales of non-food products in the Lead with a + 1% and + 0.4% trend economic, against -0.1% monthly food. Coldiretti sums up, in his commentary to Istat, the situation: ‘It’s only small food shops to make record a drop in sales’, while ‘to grow significantly are the discount stores, an increase of 1.3%’ and ‘the food retail sales increased by 0.3% compared to last year’. More ‘pessimistic consumer groups. Federconsumatori and Adusbef consider that on June sales ‘a figure still far from reality’. According to our surveys and complaints I receive daily consumption is complete stop ‘. ‘The sales figures confirm once stagnant situation regarding domestic demand, with values that alternate month after month around zero’, said Giovanni Cobolli Gigli, president of Federdistribuzione. Codacons also sees black and considers ‘the growth of retail sales in June gave a totally inadequate and well below expectations, especially considering that 2016 was to be the year of the re-start of consumption’. The National Consumers Union, admits that the ‘data improved compared with May, but it’ s too early to talk of a turnaround ‘. Food sales in volume – note the associazione- are still firm on an annual basis, while even go down on a monthly basis, both in value and in volume (-0.1%). Hypermarkets still mark a reduction in sales to June 2015 (-0.3%). .

( 30 August 2016 )

other news

Apple’s case, a letter from Tim Cook: “The Commission shall make risk investment” – The Republic

Ue of Apple: illegal tax benefits in Ireland, Dublin recoveries 13 billion | Use: at-risk foreign investment – TGCOM

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Milan Stock accelerates downward, dollar rally – Milano Finanza

European stocks are confirmed weak, in a session with low volumes for both the still holiday atmosphere for both the festive closing of London. At Piazza the Ftse Mib index loses 1.43% share slipping to 16,603 points. Frankfurt also down (-0.81%), Paris (-1.03%) and Madrid (-0.85%). On the macro front are not coming good Italian news on the economy. In August, consumer confidence fell to 109.2 and business confidence to 101.1. For both it is the lowest level since July / February 2015.

After last Friday’s speech in Jackson Hole of the number one of the Fed, Janet Yellen, the dollar has led to the highest level since August 16 in against the euro: at the time the euro-dollar cross is trading at 1.1183. The Yellen said that the arguments in favor of a rise in the cost of money has increased in recent months and has not closed the door on a touch-up as early as September.

Even more hawk his deputy, Stanley Fischer , who has not ruled out a twofold rise later this year (in September and December), if the data relating to the labor market will prove to be compatible with this choice. Futures on US interest rates now assign a 30% probability to a narrow bullish as early as September, while this case was given to 18% before the two utterances of Fed officials Friday.

Experts Research and Investment Cassa Lombarda notice as “the probability of a rate hike” from the Fed “by December” has “risen to just over 60%. in the week expected a lot of data, including prices and work, fundamental for the next steps of Fed “. Provided then “public interventions: Eric Rosengren, president of the Federal Reserve Bank of Boston, and Neel Kashkari, president of the Minneapolis Fed, August 31; Loretta Mester, president of the Cleveland Fed, on September 1, Jeffrey Lacker, Governor the Richmond Fed, September 2, “conclude the analysts.

in addition, according to Unicredit economists , after moderately hawkish tone adopted by the Fed chairman,” the publication of the report on market US jobs will attract even more attention, since it is not ruled out a rise in interest rates in September. ” Specifically, point out the experts Intesa Sanpaolo , “the August employment report should still be positive, with employment growth in line with the average year to date, a decrease of 4.8% unemployment rate and decent wage . in August, the manufacturing ISM and the Chicago PMI should correct modestly but remain in expansionary territory, car sales should be down after the strong increase in July, while consumer confidence should be modest increase. “

the return on ten-year Italian salt all’1,146% dall’1,11% of the final session on Friday, while the spread with similar maturity is stable in the Bund area of 120 basis points (119.9 ). On the Milan stock exchange holds the sales Unicredit (-0.37%). According to the Financial Times, the Polish PZU “is confident of being able to reach an agreement with Unicredit for the acquisition of Pekao by the end of October.” Rising 1.10% MPS which apparently is studying a plan for the voluntary conversion of 3 billion subordinated bonds into shares with the objective of limiting the increase in share capital up to 5 billion expected before the end of the year.

In decrease, instead, Ubi (-2.10%), Banca Popolare di Milano (-1.51%), Banco Popular (-1.02%) and Intesa Sanpaolo (-0.89%). Sales got excited even on insurance: Generali (-1.79%) and UnipolSai (-1.67%) and the asset management titopli: Azimut (-2.86%) and Banca Mediolanum (-1 , 97%) as well as on industry: Fca lost 2.03% even if the ad, Sergio Marchionne, has fueled rumors on the sale of Magneti Marelli: “we have the group ever put on sale, but in the medium to long term probably his future will be elsewhere, “he said. Down STM (-1.18%), Leonardo (-1.03%) and Prysmian (-1.91%).

consumer confidence and declining business in August – Italiafruit News

Tuesday, August 30, 2016

It worsens the confidence of consumers and businesses in August. As reported by the ‘ Ansa , the climate Istat index of consumer confidence rose from 111.2 in July to 109.2, and the composite index of business confidence Iesi climate falls from 103 to 99.4 in the first survey after the attacks of Nice. For businesses, the falls climate in all sectors and, for families, all the trust components show a decrease, albeit with different intensities. The economic climate increased from 129.8 to 125.5, decreasing for the fifth consecutive month.

The staff members, current and future consumer confidence, after the increase recorded in July, returning to position itself on the levels of June. Also, opinions on the country’s economic situation confirmed deteriorating for the fourth consecutive month, as well as worsen the expectations on unemployment. Among the companies, the sharpest decline in confidence is in market services (from 108.3 to 102.4) and in the retail trade (from 101.3 to 97.1 ). The decline was milder in manufacturing (from 102.9 to 101.1) and in construction (from 126.2 to 123.5). In manufacturing companies worsen both the opinions on orders is, slightly, the production expectations and judgments about stocks remain stable. In construction worse assessments on orders and construction plans and employment expectations remain stable. In services worsen all climate components: decreased balances of the judgments and expectations on the level of orders as well as the balance of expectations for the economy in general. In retailing, eventually, impair the opinions on current sales, the balance of which turned negative for the first time since January 2016, and the expectations on future sales. These trends in the confidence of consumers and businesses do not take into account the effect of the earthquake in central Italy because they are based on interviews concentrated in the first half of the month.

Source: Ansa

Monday, August 29, 2016

Apple: is coming from the EU a blow-billion for the narrow tax treaty with Ireland – Rai News

The European Commission could force Cupertino to recover, and then to pay in full as far eluded thanks to a tax ruling considered illegal by Brussels. The EU Antitrust announce that Ireland has assured the house iPhone unlawful state aid in the form of tax breaks in exchange for the creation of jobs in the country

Apple, company logo, store, New York (GettyImages)

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29 August 2016 Apple risks being delivered, just over a week after the submission of the iPhone 7, an account of several billion euro for the narrow tax treaty with Ireland for pay less tax.

‘Waiting for tomorrow, unless last minute changes, an EU Commission decision that could force Cupertino to recover, and then to pay in full as far eluded thanks to a tax ruling considered illegal by Brussels. A decision that reflects those already taken by the EU Commissioner Margrethe Vestager competition for Fiat in Luxembourg and Starbucks in the Netherlands in October last year.

The ‘maxi-fine’ that Brussels is preparing to impose Apple , according to Bloomberg citing sources familiar with the matter, it will be a “billion euro” as the EU Antitrust announce that Ireland has assured the house dell’Iphone illegal state aid in the form of tax breaks in exchange for the creation work in the country. According to the ‘Financial Times’, the verdict of the Committee, laid in 130 pages, Cupertino realizes that it would pay a tax rate of less than 1% on European sales, compared to 12.5% however in force in Ireland. In recent days, it was also circulated an estimate of JPMorgan that, in the worst case, Apple would be called upon to pay out well 19mld dollars.

No coincidence that just last week the US Treasury, after many ‘ big ‘Use ended viewfinder Antitrust EU, published a’ white paper ‘in which he harshly attacked the Commission for having transformed into “a supranational fiscal reviewing the decisions of the member states” tax on income d ‘company. And, indeed, to Washington this “change of approach” sets “an unwelcome
precedent that might encourage other tax authorities” to impose “retroactive recoveries broad and punitive to the company.”

The investigation Apple had been opened in June 2014 still under the former competition Commissioner Joaquin Almunia, along with those on tax ruling granted to Starbucks from Holland, Fiat Finance & amp; Trade Luxembourg, while a few months later, in October, had been opened that always linked to the Grand Duchy of Amazon. Commissioner Vestager, who took over the reins of the investigation, in October last year has led to the conclusion of the investigation Fiat and Starbucks, considering the tax benefits granted as a fact of state aid that avvantaggiavano illegally compared to other companies and to pay the amount not paid for a total of 20-30mln of euro each. The Commissioner then opened last December an investigation into the tax treatment granted to McDonald’s once again from Luxembourg.

Sales spread octave launch at the Milan: Ftse Mib -1.12% – The Press

A difficult eighth start for Milan Stock Exchange and the major European stock indexes. In Milan the store hit the major stock indexes: Ftse Mib down 1.12%, FTSE Italy All Share -1.04% and FTSE Italy Star -0.31 percent.

In bending also the other European stock markets: DAX -0.41%, CAC -0, 4% and IBEX down 0.5% (today the UK markets are closed).
They are instead tuned upward major US indexes with the ‘ S & amp; P 500 that recovers 0.55% and Nasdaq that earns him 0 , 34 percent.

the markets here and across the Atlantic weigh the last speech of President Janet Yellen of the Fed in Jackson Hole. The number two of the US central bank Stanley Fischer had excluded two rate hikes later this year (there are still three meeting of the Fed on the calendar), going beyond market hypothesis, but at this time it seems to take body the hypothesis only one rising in December.
Of course, the prospects for a resumption of rate normalization path will have views on the appreciation of the dollar at a ratio between the single currency and the greenback falling to 1,117. On European stocks they have however also weighed of returns after the recoveries of the last eight.

In Milan, the banks have confirmed the closing negative intonation with a sector index FTSE Italy All Share Banks down 0.9 percent.

Unicredit limits the damage to a -0.27 percent. According to the Financial Times, the Polish insurance company PZU would acquire 40.1% of Bank Pekao Institute of Gae Aulenti’s Square for no more than 3 billion euro, but sellers would ask a next figure to 3.5 billion euro . The management of Unicredit would be inclined to close a possible sale before next business plan year-end.

Of note today’s purchase MPS (+ 1.27%): Il Sole 24 Ore reported on Saturday from the measurement of a possible exchange offer for shares of 3 billion euro of subordinated bonds of the Sienese bank. President Massimo Tononi reiterated confidence on the work of the managing director Fabrizio Viola.

Mediaset closes the session with a decline of 0.77 percent. Circulating on the market rumors about possible investments of Abu Dhabi sovereign wealth funds of up to 20-25% of Mediaset Premium in order to facilitate the difficult negotiations underway with Vivendi. The case involves indirectly Telecom Italy (-0.8%), of which Vivendi is the reference shareholder and that might eventually start of deeper industrial collaboration with Mediaset.

Still subdued the insurance sector with the index of the field FTSE Italy All Share insurance that yields 1.83%: weigh the General (-1.97%) and UnipolSai (- 1.74%). The rating agency Fitch has considered limited the impact of the earthquake in central Italy on insurance companies estimating losses under insurance from 100 million to 200 million euro compared to a sparsely populated area and with low levels of insurance coverage.

In addition to fundamental still weak, oil has once again today the effects of a recovery of the dollar rate, which, as noted, tends to move in the opposite direction to crude oil. In falling back on the platform of ICE Brent futures (-1.56% to $ 49.15) and the derivative on WTI (-1.77% to $ 46.81 per barrel). It suffers from the fund and the Milan Stock Eni let the market 1.03% of its value, Saipem 1.92% and Tenaris 1.81 percent.

Lima losses (-0.58%) the title of A2A , which has signed new agreements with Montenegro on EPCG with a put option of 250 million euro on 41 , 75% of EPCG controlled by the Italian company.

in the basket are also reported recoveries in contrast to Ferragamo (+ 0.24%) and Ferrari (+ 0.53%).

Among the children we report the leap against the 7.95% of the title of Alerion Clean Power which leads to 1, 9 € on the price of the takeover bid announced yesterday by FRI-EL Green Power (FGP) on 29.9% of the group.

strong purchases on CTI Biopharma (+ 19%) which announced the most significant results of the phase III study PERSIST-2 in patients at high risk of myelofibrosis in advanced stage.

(GD)

travail signals for the economy down the confidence of businesses and consumers – The Republic

MILAN – worsens the confidence of consumers and businesses to August, with the indicators tracked by Istat that secendono more than they expected him to work addeti . In terms of consumers, Istat index rose from 111.2 in July to 109.2, while the composite index of business confidence dropped from 103 to 99.4, in the first survey after the attacks of Nice. It is important indications in view of drafting the update to the Document of Economics and Finance, which will be the basis of the next Budget Law and will have to serve the lower growth of the beautiful country: the GDP has stopped to surprise in the second quarter, and just support domestic consumption failed after months of economy tow.

the data released by statistics are, as mentioned, slightly worse than the forecasts of the employees in the work. In the morning a note of Intesa Sanpaolo is a fact predicted in August, “correction after rising in July surprise. The morale of the families could settle at 110.5,” while “the composite confidence index would drop to 102 companies, 5 “, said the economists of Cà de Sass. According Adusbef and Federconsumatori, Istat numbers are “dramatic, revealing a still very distant reality optimism and recovery. Not the preconditions exist at the time, because this situation may change.”

consumer confidence. the climate index of consumer confidence thus passes from 111.2 in July to 109.2: this is the minimum level since August 2015. According to the Istat survey, for Italian families worsen the prospects at all levels: from the economic climate (which concerns the perception about the progress of the country and unemployment) to the staff. The judgment on the progress of Italy worsened for the fifth consecutive month, with even difficult signals on unemployment expectations. The staff members, current and future, after the increase recorded in July, returning instead to the levels of June.

Signs of trouble for the economy: gi & # xF9; the confidence of businesses and consumers

enterprises Trust. Ramps minus sign also in productive: “The confidence falls in all sectors”, noted the Mayor. Does it “so more marked in market services (from 108.3 to 102.4) and in the retail trade, milder in manufacturing (from 102.9 to 101.1) and in construction (from 126.2 to 123.5). “

Topics:: consumer confidence; trust companies; istat

Starring:

For Germany the TTIP is definitely “failed” – The Republic

MILAN – Recently, there were many skeptical voices raised on the big trade agreement between Italy and the United States, the TTIP. For the experts it was already in the air for some time closure (for now) of the curtain on the story, too mired in different positions between the two sides of the Atlantic and between electoral requirements that encourage the bracketing of a thematic as well spinosa, which can raise strong opposition from several layers of civil society.

De profundis of the transatlantic treaty comes directly from the vice chancellor and German Economy Minister Sigmar Gabriel, in an interview the public television network ZDF , found that “the talks with the uS are in fact failed because we Europeans, of course, we must not succumb to American demands: nothing is moving forward.”

the Transatlantic trade and investment partnership (precisely known as the TTIP) was established to create the largest free trade area in the world. But negotiations have bogged down over the terms of the agreement, as well as on the following shocks to vote for Britain to leave the EU and the growing opposition to an agreement in France and Germany. Factors, the latter they do raise serious doubts about the possibility of reaching an agreement by the end of the year, as hoped.

The investigation. The global treaty that frightens the world

Activists who opposed the TTIP from the start of negotiations in 2013 claim that the deal could benefit only the multinationals and harm consumers. The French Prime Minister, Manuel Valls, said it would be “impossible” for the two sides to conclude the negotiations for a trade agreement by the end of 2016. Behind the scenes, senior diplomats have told AFP that talks may be suspended until after the US presidential elections in November, as well as after the elections in France and Germany next year.

in the interview Gabriel has shown more optimistic about a Canada-EU free trade agreement, which he called “a big step forward,” adding that he would fight for its ratification. The agreement known as Ceta was formally concluded in 2014 and requires the approval of 28 EU member states and the European Parliament.

Topics:: TTIP; trade

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