Last days to show your ID at your bank or block your … – Noticias24h.org

The banking customers have until this Thursday, April 30, to present their banking offices in their respective identity cards (DNI) and thus prevent their bank accounts are blocked.

AEB and CECA banking employers ask the understanding and cooperation of customers so that, in case of being required, bring your ID, as required by the rules of prevention capital laundering.

The Law 10/2010 on the prevention of laundering laundering and financing of terrorism requires credit institutions required to identify all clients and people you keep business relations or perform any operations.

Under this standard, it is mandatory to provide a copy of the identity document and, where applicable, of other information about the client activity.

The deadline for credit institutions have this documents is 30 April. Therefore, entities are seeking in recent weeks to its customers providing their identification and other supporting data.

This application is directed even to customers with whom there is a relationship in a time and are known by the company, since for various reasons (account opening in a date that is not mandatory the collection and preservation of identity card, or other) may be that the entity does not available copy of the document.

It is not envisaged that the deadline be extended to provide the necessary documentation not to block an account, but has agreed with the Department of Prevention of Money Laundering (Sepblac) it may act with a little flexibility with those who had not been on time for the submission of documents and will have a small margin of time.

Spain estimated to grow by 3% to balance the books in 2018 – El Universal (Venezuela)

MADRID The Spanish government expects annual growth near 3% from now until 2018, the year that should touch a balanced budget with a near zero deficit and reduce its debt more faster than expected, said Thursday.

According to new forecasts, the fourth eurozone economy expected to grow 2.9% this year and 2016 and 3% for 2017 and 2018, he announced Economy Minister Luis de Guindos, announcing the stability program for the period 2015-2018 submitted to Brussels to Madrid, noted AFP.

As usual in this government, these “are cautious projections as has been seeing over time, but as always it is intended that the reality exceeds expectations,” he said.

For its part the public deficit, which should lower 3% (2.8%) of GDP in 2016 will reach 0.3% in 2018, when the country’s debt would be 93.2%, he said his colleague Finance, Cristobal Montoro, showing that it will be reduced more quickly than announced so far.

The conservative government of Mariano Rajoy previously provided a public debt of 100.3% of GDP in 2015 (vs. to 98.9% in the new forecasts), 101.5% in 2016 (vs. 98.5%) and 98.5% in 2017 (96.5%).

The Spanish public debt that in 2007, before the crisis, was 36.3%, soared to the bursting of the housing bubble and the accumulation of general government deficit.

Determined to tackle the problem, the Rajoy government implemented since coming to power in late 2011, a draconian austerity with an adjustment of 150,000 million euros in public funds over three years.

Also unemployment data, big problem persistent in the Spanish economy out of recession after nearly two years ago, were reviewed with a slight improvement.

So, by 2015 the rate is expected to be 22.1% instead of 22.2 % expected so far, according to data presented by De Guindos.

The unemployment should drop to 19.8% in 2016 to 17.7% in 2017 and 15.6% in 2018, according to these forecasts .

“Spain, if projections are met, can leave behind the longest crisis stronger and deeper much the modern economic history of our country,” said Minister of Economy.

Annual inflation in Germany up 0.4% in April – Yahoo Finance Spain

Wiesbaden (Germany), 29 (EUROPA PRESS)

The inflation in Germany rose one tenth in April compared with the March figure to 0.4%, allowing you to mark its highest level since November (+ 0.6%), according to the advance figure for German statistics office Destatis.

This slight increase annual inflation, keeping it far from the 2% target set by the European Central Bank (ECB), occurs after the Consumer Price Index (CPI) for Germany down a tenth from the previous month.

In particular, prices of energy goods fell 5.9% in April over the same month of 2014, after falling 5.7% in March, while food prices rose 1.1%, in contrast to the fall of one tenth of the previous month.

Meanwhile, the drop in prices of goods decreased from -0.8% in March to -0 , 6% in April, while services inflation slowed in the fourth month of the year to 1.1%, after 1.2% in March.

The Consumer Price Index (IPC) harmonized, used for the production of European statistics, collects a drop in prices for tenth in April compared with March, while the annual rate stood at 0.3%

.

Spain 3% growth expected for 2016 – The Economist

The fourth eurozone economy expected to grow 2.9% this year and 2016 and 3% for 2017 and 2018, announced Economy Minister Luis de Guindos.

MADRID The Spanish government expects annual growth near 3% from now until 2018, the year that should touch a balanced budget with a near zero deficit and reduce its debt faster than expected, said Thursday.

According to new forecasts, the fourth eurozone economy expected to grow 2.9% this year and 2016 and 3% for 2017 and 2018, announced Economy Minister Luis de Guindos, announcing the stability program for the period 2015-2018 submitted to Brussels to Madrid.

As usual in this government, these “are cautious projections as been seeing over time, but as always it is intended that the reality exceeds expectations, “he said.

On the other hand the public deficit, which should be lower than 3% (2.8%) of GDP in 2016 will reach 0.3% in 2018, when the country’s debt would be 93.2%, said his colleague Finance, Cristobal Montoro, showing that it will be reduced more quickly than announced so far.

The conservative government of Mariano Rajoy previously provided a public debt of 100.3% of GDP in 2015 (compared to 98.9% in the new forecasts), 101.5% in 2016 (vs. 98.5%) and 98.5% in 2017 (96.5%).

The Spanish public debt, which in 2007, before the crisis, was 36.3%, was shot with the bursting of the housing bubble and the accumulation of general government deficit.

Determined to tackle the problem, the government of Rajoy applied since coming to power in late 2011, a draconian austerity with an adjustment of 150,000 million euros in public funds over three years.

Also data unemployment, large persistent problem of the Spanish economy out of recession after nearly two years ago, were reviewed with a slight improvement.

So, 2015 is expected to be 22.1% rate instead 22.2% expected so far, according to data presented by De Guindos.

The unemployment should drop to 19.8% in 2016 to 17.7% in 2017 and 15.6% in 2018 According to these estimates.

“Spain, if projections are met, can leave behind the longer, more intense and deeper much the modern economic history of our country crisis,” said Minister of Economy .

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Spain economy is growing at its fastest pace in seven years, Government … – Reuters

       

By Julien Toyer and Sarah White

       

MADRID (Reuters) – The Spanish economy grew in the first quarter at its fastest rate in more than seven years and remained on track to meet the new forecast of full-year expansion of 2.9 percent, but other data they showed that some imbalances persist.

       

The improving economy is the golden letter of the Prime Minister, Mariano Rajoy, to win re-election later this year and face a second term, at a time when polls show the challenge of new political parties broad social support.

       

Also GDP would grow 2.9 percent in 2016, according to projections released later Thursday by the Government, and 3 percent in 2017 and 2018, while the estimate for the unemployment rate improved to 22.1 percent in 2015 from 22.9 percent previously forecast.

       

“We trust that these forecasts will be met even be improved, because we will not cease in compliance with our program of reforms,” ​​said the vice president of the Government, Soraya Saenz de Santamaria.

       

The new forecast expects unemployment rates of 19.8 percent in 2016, 17.7 percent in 2017 and 15.6 percent in 2018.

       

According to analysts, the drop in inflation – the CPI fell 0.6 percent in April – has also helped underpin the recovery by increasing the budget of the families

       

Although Spain appears to have definitely left behind two recessions and a banking crisis and now shows one of the fastest growth rates in the euro zone, the high unemployment rate still downplays the turnaround.

       

The high public deficit and gross external debt of around 170 percent of GDP, one of the largest in the world, are other threats to recovery. More …

The Spanish economy strengthened in the first quarter and grow … – Yahoo Finance Spain

Madrid, April 30 (EFE) .- The growth of the Spanish economy has strengthened in the first quarter and GDP has returned to grow up to 0.9% quarter on quarter, representing an improvement of two tenths over the last quarter of 2014, an improvement from the last estimate made by the Bank of Spain.

The National Institute Statistics (INE) has released today the quarterly GDP advance data to be confirmed on May 28, which would mean that the economy now totals seven consecutive quarters of increases.

In addition, annual GDP rate in the first quarter of 2015 increased 2.6% compared to 2% in the fourth quarter last year.

From the 0.1% GDP growth recorded in the third quarter of 2013 to the 0.9% increase that had in the first quarter, economic activity on quarter has advanced eight tenths, touching almost a percentage point.

The Secretary of State for Budgets and Expenditure, Marta Fernández-Currás has linked GDP growth structural reforms adopted by the Government and external factors that occur in Europe.

Speaking to EFE, Fernandez-Currás stressed that the favorable situation in Europe ” permeates his bonanza to the Spanish economy has undertaken a series of reforms that benefit. “

And in the fourth quarter GDP rose 0.7% thanks to pull consumption of households and increased investment, due to the improvement in capital goods and construction sector.

Indeed, the latest economic bulletin of the Bank of Spain has indicated that the building will continue to improve in the coming months and the director of studies of this organism, José Luis Malo de Molina, he has said that there is already a “gradual” recovery and “moderate” in the housing sector, and that in the coming years will contribute to GDP growth providing ” a “year.

tenths

Moreover, the INE shows that the annual growth rate of the economy has been rebounding from a 0.6% rate in the first quarter of 2014 to 2.6 % in the same period this year.

The improvement of Spanish GDP was reflected at the end of 2014 when the economy grew 1.4%, above the estimate made by the Executive, which represented the first real growth of the Spanish economy after five years of recession and in 2010 the rate of GDP stagnated at 0%.

Analysts polled by EFE highlighted the momentum of consumer spending and industrial investment, and in this respect, the analyst Func, Maria Jesus Fernandez has agreed that domestic demand “has thrown a lot” and stressed that this increase in consumption has led to increased imports and to a lesser extent exports.

“Imports are triggered when domestic demand grows. It seems that there has been a deterioration of important foreign sector with a negative contribution to GDP, “he said, noting that this skinny recovery point.

Fernandez highlighted that negative inflation, which has led to an increase in disposable income, coupled with the impact of personal income tax reform, the best credit and external factors such as falling oil prices helped to GDP growth.

However warned that the exogenous factors “will go running out” and expects GDP to grow similarly in the second quarter but slow down “a little” in later.

The senior economist of the Austrian Institute for Advanced Research IHS Raj Badiani states that “the recovery gathers momentum with an encouraging pace,” due in large part to the best financial conditions and the fall in oil prices, which “will help accelerate the economy over 2015″.

The quarterly increase of 0.9% of GDP between January and March contrasts with growth of 0.3% in the same quarter of 2014, and with the fall of three tenths occurred in the first three months of 2013.

According to INE statistics, GDP increased 1.4% in 2014 after falling 1.2% in 2013, 2.1% in 2012, 0.6% in 2011 and stagnate . at 0% in 2010

EU slows; its economy grows 0.2% in first quarter – The Universal

ruben.migueles@eluniversal.com.mx
 

 The economic slowdown in the United States during the first quarter of the year is a risk factor for the recovery of Mexico due to the tight integration between the two economies, warn experts, however it is expected that the rest of the year rally productive activity United States for the benefit of our country.
 

 

 The United States Department of Commerce reported that the first estimate of GDP in the first quarter of 2015 was 0.2%, the lowest in four quarters, and although it was contrary to -2.1% in the first quarter of 2014 was less than 1.0 % expected by the market and more than the 2.2% the previous quarter.
 

 

 This slowdown in the US economy was a result of the stronger dollar and weak global demand, which affected sales abroad; lower oil prices, that reduced investments in the sector; a severe winter, which inhibited the consumption, and (now resolved) labor dispute at West Coast ports, which delayed the maritime traffic in ports that handle half of the charge, said the deputy director of Economic Studies of Scotiabank, Carlos Martinez .
 

 

 The weak dollar is a risk to US exports and also for Mexican exports used in US industry, ie, the auto parts or any other machinery and equipment, are some of the sectors that might have some kind of risk specialist said Banco Ve por Mas, Isaac Velasco.
 

Moderate their prices in Spain fall to -0.6% year – holaciudad.com, Fresno

Consumer prices (CPI) in Spain fell 0.6% in April over the same month of 2014, which moderates tenth year decline recorded in March, the leading indicator released today by the Institute National Statistics (INE).

confirmed this information on 13 May, it would be the third consecutive month that the fall in prices, they accumulate and ten months of decline is moderating.

In monthly rate, prices rose 1% in April, in line with the increase recorded in the previous year (0.9%).

The PIC harmonized (HICP), which measures the evolution of prices by the same method in all countries of the euro area fell 0.7%, one tenth less than in March.

© EFE 2015

© ZGS 2015

A liter of gasoline in annual maximum days before the bridge … – EntornoInteligente

The liter of gasoline in annual peak days before the bridge May / Expansion / Gasoline reaches los1,3 euros per liter and oil rises to 1.2 euros, according to the Oil Bulletin of the European Union (EU).

In particular, a liter of petrol just one day to mark the start of the festival of May 1 an average cost of 1,307 euros, 1.5% more than a week ago, and, after racking up 17 % since mid-January, is at levels last December.

Meanwhile, diesel costs 1,196 euros on average, 1.4% more than a week ago and 13% more than in mid-January. In any case, this fuel is currently 9.8% below the level of the same week last year when oil prices had not yet begun to fall.

At current levels, filling half a tank of 55 liters of gasoline requires 71.8 euros, 1.1 euros more than a week ago, while diesel costs 65.7 euros, 90 cents more.

This price development coincides with a time when the price per barrel of Brent crude, the European benchmark, trading around $ 65, while Texas ‘sweet light’ does in $ 58.

Prices in the EU’s fuel cost in Spain unless the EU average, where the price of the retail liter of gasoline stood at 1,467 euros and 1,479 euros in the euro zone . Meanwhile, a liter of diesel costs 1,305 euros on average in the EU and 1,265 euros in the eurozone.

The lower level of retail prices compared to neighboring countries is that Spain, despite increases in VAT, higher taxes and new taxes on biodiesel, continues to have a lower pressure Tax

Information Expansion www.entornointeligente.com

See also www.mundinews.com |. www.eldiscoduro.com | www.tipsfemeninos. com | www.economia-venezuela.com | www.politica-venezuela.com | www.enlasgradas.com | www.cualquiervaina.com | www.espiasdecocina.com | www.videojuegosmania.com

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Moody’s downgrades Greece by growing uncertainty – Investing.com Spain

By George Georgiopoulos

ATHENS (Reuters) – Moody’s lowered on Thursday the credit rating of Greece into the category of junk, because of the uncertainty about if the indebted country can achieve on time an agreement with international creditors to meet upcoming debt maturities.

Moody’s said it downgraded the sovereign rating of Greece to “Caa2″ from “Caa1″ and assigned a “negative” outlook reflects the risks to economic, financial and political balance in the country have a “downward bias”

Fitch, Standard & Dev. Poor’s and Moody’s raised the sovereign rating of Greece last year as the economy was showing tentative signs of recovery after six years of recession.

But the confrontation of the new left-wing government with its partners in the eurozone and the International Monetary Fund on the reforms needed to unlock the remaining funding has clouded the outlook, Moody’s said.

“The Greek government and its official creditors are staying away on key objectives, with no immediate prospect of it reached agreement on a new financing package, “said Moody’s.

Although the parties want a deal to avoid a Greek default and the process has taken on a new sense of urgency, the agency said it will end driven mainly by political decisions.

“The result of these decisions is highly uncertain and the potential for a political accident resulting in a default on Greece of its commercial debt, including that held by the ECB, has risen, “he said.

A rating of” Caa2 “historically has been associated with nearly one in four chance of falling into default on a horizon of two years.

Moody’s He said Greece faces serious liquidity problems impeding the government’s ability to finance its budget spending and debt payments since the bailout from the European Union and the IMF went off course last year.

He added that Athens will need to maintain a primary budget surplus for several years to try to reduce its heavy debt burden

S &. P cut the rating of Greece to “CCC +” from “B-” 15 April, citing the worsening economic conditions due to the protracted negotiations between the country and its lenders.

SALE OF PORTS

The Greek Government is considering selling its stake in the two largest ports in the country, as a concession to reach an agreement with international creditors, an official in Athens said on Wednesday.

“The negotiating team wants an agreement with creditors and are willing to sell ports Piraeus and Thessaloniki, 51 of those units, “he told reporters government official.

” This has not been decided but we could do in order to achieve an agreement, “he said.

Disclaimer: Fusion Media would like to remind you That the data contained in this website is not Necessarily Real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices May not be accurate and may Differ from the actual market price, meaning prices are indicative and not Appropriate for trading purposes. THEREFORE Fusion Media doesn`t bear any Responsibility for any trading losses you incur as a result Might of using esta data.

Fusion Media or anyone Involved With Fusion Media will not accept any liability for loss or damage as a result of reliance on the information Including data, quotes, charts and buy / sell signals contained Within this website. Please be fully Informed Regarding the Risks Associated With costs and trading the financial markets, it is one of the riskiest investment forms possible.

US economy stagnates in first quarter by cold weather and … – Reuters

By Lucia Mutikani

WASHINGTON (Reuters) – US economic growth slowed more than expected in the first quarter, as cold weather reduced consumer spending and energy companies, affected by lower prices, they decreased their investments, although there are signs that activity is recovering.

The gross domestic product (GDP) expanded at an annual rate of only 0.2 percent in the first three months of the year, on Wednesday, the Commerce Department said.

That it represented a significant decline from the 2.2 percent rate in the fourth quarter and marked the weakest measure within a year.

The strong dollar and a dispute in the ports of the West Coast, now resolved, also affected the expansion, the government said.

Economists polled by Reuters had expected a breakthrough at an annual rate of 1.0 percent.

While the weak GDP figures could affect markets financial, moderation of growth is probably not a true reflection of the current health of the economy, given the role of temporary effects such as climate and the port conflict.

“A stagnant economic growth in the United States earlier this year ruled out any imminent rise in interest rates by the Fed” said Chris Williamson, chief economist at Markit in London.

data First quarter GDP were released a few hours before the US Federal Reserve concludes a policy meeting two days. More …

The “temporary” weakness raises uncertainty about rising … – Yahoo Finance Spain

Washington, April 29 (EFE) .- The economic weakness beginning of the year in the US, the Federal Reserve (Fed) blames “temporary factors” has increased uncertainty about the date for the expected rise in interest rates in the United States before the end of 2015.

At the conclusion of the two-day meeting of the Federal Open Market Committee (FOMC, for its acronym in English), the US central bank today reiterated his confidence in the strength of the economic recovery.

“Economic growth slowed down during the winter months, in part reflecting temporary factors” said the Fed statement.

It also recognized that the pace of job creation has been “moderate”, adding that “underuse of labor resources has hardly changed.”

The agency led by Janet Yellen is immersed in a process of normalization after billionaire monetary stimulus program and liquidity launched to revitalize the economy after the acute crisis of 2008.

After end bond buying program the past, the Fed has announced its intention to consider the rise in benchmark interest rates, which are currently between 0% and 0.25% in mid-year.

Last month alone, the forecasts for this rise were at the Fed meeting June or September.

However, the latest economic data, with job creation in 2015 so far below that recorded in 2014 and low inflation, has supported the possibility of a delay of this hike later.

Although the unemployment rate is in the 5.5%, the lowest level since 2008, the average monthly job creation is below the 200,000 jobs in the first three months of the year.

The Fed assessment coincided with the US release of the first estimate of growth of GDP in the first quarter, surprised to be negligible, standing at an annual rate of 0.2% figure.

This is the slower growth in over a year.

Among the “transitory” causes include falling oil prices, nearly 50% in one year, and the strong appreciation of the dollar against currencies as the euro or the yen, about 15%.

In fact, the central bank statement refers to “imports of non-energy products” were keeping inflation below 2% annually , referring to the impact of the strong dollar.

“Inflation is expected to remain near its recent low level in the short term, but the committee expected to gradually grow to the 2% target in the medium term “the Fed said.

The markets were somewhat more cautious than the Fed. Wall Street ended lower and the Dow Jones Industrial Average, its main indicator, yielded 0.41%, dragged down by the weak GDP growth data.

In a note to clients, the financial firm IHS Global Insight rejected the Fed little ingenuity.

“The authorities fully understand that although much of the slowdown of the first quarter was related to climate, growth and inflation still face headwinds related to the strong dollar, low oil prices, the external weakness and the ongoing deleveraging of households, “he said.

The next FOMC meeting is scheduled for 16 and 17 June, the date on which the Fed will update its economic projections and Yellen will offer a press conference

<-.! google_ad_section_end - >

Federal Reserve keeps interest rates stable – Milenio.com

The US Federal Reserve said the weakening labor market and the overall economy, a monetary policy statement.

This suggested that the central bank might wait until the third quarter of year to raise interest rates.

The central bank acknowledged that there are bumps in the economy, making it more likely that you are not ready to raise rates until at least September.

” The Committee anticipates that it will be appropriate to raise the target range for the federal funds rate when you see new improvements in the labor market and is reasonably confident that inflation will move back to its medium-term target of 2 percent, “the Fed said in his statement.

Unlike its March policy statement, this time the central bank effectively ruled out a rate hike at its next meeting.

The futures contracts US interest rates fell slightly in the short term after the declaration of the Federal Reserve.

Traders bet that December will probably mark the beginning of the cycle of rate hikes, based on CME Fedwatch, which follows the expectations of rate hikes futures contracts using federal funds -. the reference rate

The Fed acknowledged that economic growth “slowed during the winter months (boreal), partly reflecting factors transient “.

In March, the Fed described the growth as a more moderate pace.

Economists see September as the likely time for a rate hike, while investors consider a temporary horizon even further, with futures contracts aiming to December.

SUMMARY-Fed points to weaker US labor market … – Reuters

       

By Michael Flaherty and Howard Schneider

       

WASHINGTON (Reuters) – The US Federal Reserve said Wednesday the weakening labor market and the overall economy, a monetary policy statement that he met only a few hours after data showing poor economic growth.

       

This suggested that the central bank might have to wait until the third quarter to start raising interest rates.

       

The policy statement the Fed leaves depending on the economic data they come out, in a system based on analyzing each of their meetings approach, while seeking to decide the date of the first interest rate hike since June 2006.

       

However, the central bank acknowledged that there are bumps in the economy, making it more likely that you are not ready to raise rates until at least September.

       

“The Committee anticipates that it will be appropriate to raise the target range for the federal funds rate when you see new improvements in the labor market and is reasonably confident that inflation will move back to its medium-term target of 2 percent” the Fed said in its statement.

       

The central bank ended Wednesday’s policy meeting in April. The orientation of the Fed rate was very similar to that which gave last month.

       

But unlike its March policy statement, this time the central bank effectively ruled out a rate hike at its next meeting.

       

Although it makes possible a movement in June, the economic data does not match the picture. More …

Ben Bernanke advise the fund PIMCO – FORTUNE

MEXICO CITY (CNNExpansión) – The president of the Federal Reserve, Ben Bernanke, has a new job: he will join PIMCO as a director, at a time when the firm seeks to maintain its strong performance following the departure of co-founder Bill Gross.

“We are honored to have Dr. Bernanke as director of PIMCO and benefit from his extraordinary knowledge and experience to add value to our customers,” said Douglas Hodge, CEO of the firm, in a statement.

This is the second work of Bernanke in business and finance. In mid-April, it was announced that the former official shall advise Citadel, an investment fund based in Chicago.

The decision to join PIMCO might be questioned by some opponents criticized the Fed for managing Bernanke for being too close to the firm. Critics suggest that this closeness could have given the company an advantage in the interpretation of the US monetary policy, according to Reuters.

In an extensive interview, Ben Bernanke said it would limit their roles in collaboration with Wall Street firms just two signatures.

Both PIMCO, which managed 1.59 trillion in assets as of March 31, as Bernanke declined to provide details on wage compensation, although they indicated that the central exbanquero quarterly attend all meetings of the executive.

Bernanke has said he does not know Bill Gross, who for decades refused to PIMCO was too close to the Fed.

Bernanke, who led the Fed for eight years, is a member of the Brookings Institution.

Before joining the Fed, Bernanke had served as president of the Council of Economic Advisers of the White House, and prior to that role he worked at Princeton University.

is also writing a book coming out in October, though the publisher responsible has not reported how much it will pay.

The London Stock Exchange rises 0.35% at the opening – Investing.com Spain

London, April 29 (EFE) .- The London Stock Exchange rose at the opening of today and its main index, the FTSE-100 gained 24.45 points, or 0.35% , and it stood at 7054.98 integers

Disclaimer. Fusion Media would like to remind you That the data contained in this website is not Necessarily Real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices May not be accurate and may Differ from the actual market price, meaning prices are indicative and not Appropriate for trading purposes. THEREFORE Fusion Media doesn`t bear any Responsibility for any trading losses you incur as a result Might of using esta data.

Fusion Media or anyone Involved With Fusion Media will not accept any liability for loss or damage as a result of reliance on the information Including data, quotes, charts and buy / sell signals contained Within this website. Please be fully Informed Regarding the Risks Associated With costs and trading the financial markets, it is one of the riskiest investment forms possible.

BBVA earns 524 million euros in Mexico until March 15 … – holaciudad.com, Fresno

The BBVA Group recorded a net profit of 524 million euros in Mexico in the first quarter of 2015, representing 15.4% more than in the same period last year, at current exchange rates, according to today the company.

The Mexican subsidiary of the group (BBVA Bancomer) was once again the main driving force of the accounts of the financial institution, as it contributes 43.5% to your benefit, ahead of Spain, which accounts for 16.1%.

According to the accounts of the entity, the entire BBVA group posted a net profit of 1,536 million euros in the first quarter, more than double , or 146.2% more than the 624 million earned a year earlier, mainly due to the gains entered by the sale of its stake in the Chinese bank CNCB.

With regard to the accounts of Mexico, BBVA He explained that credit advances to customers grew 23.8% to 49.987 million euros, like deposits, which increased 14.9%, to 50.963 million.

In South America, the group made a net profit of 213 million euros, up by 14% at current exchange rates, that recorded a year earlier.

As explained by the company, the quarterly accounts the area they were influenced “by the widespread appreciation of regional currencies against the euro, with the exception of the bolivar” and a preview of the activity in all banks in the area.

For her Venezuela accounts, the company has decided to apply the exchange rate referred Simadi (193 bolivars per dollar, which reduces 93% the previous exchange rate), considering that it best reflects the situation at the date of the statements BBVA Financial Group.

According to this rate, Venezuela won 15 million.

In South America, countries in which the BBVA earned higher profits until March were Colombia, which recorded a profit of 72 million euros, 18.1%, and Argentina, 60 million, 40.4% more.

In Chile, meanwhile, the benefit of Group declined 15.1% to 30 million euros, while in Peru, rose 28.5% to 46 million.

In the group of countries comprising Paraguay , Uruguay and Bolivia, profit fell 61.2% to 4 million euros.

In the US, BBVA won 136 million euros, 29.2% higher in local currencies current.

© EFE 2015

© ZGS 2015

BBVA profit jumps 146.2% in the first quarter – The Economist

The Banco Bilbao Vizcaya Argentaria had a net attributable profit of 1.689 million dollars in the first quarter of 2015, 146.2% more than in the same period of 2014, thanks to the sale of 4.9% stake in the Chinese bank CNCB .

The Banco Bilbao Vizcaya Argentaria (BBVA) had a (1.689 million dollars) attributable profit of 1.536 million euros in the first quarter of 2015 , 146.2% more than in the same period of 2014.

The profit was achieved thanks to the sale of 4.9% stake in the Chinese bank CNCB for 1.555 million euros (1,600 million ).

Without this operation, the result increased 52.8% to 953 million euros (1.048 million dollars).

BBVA stressed that Mexico also swelled its balance sheet growths double-digit lending and customer funds.

He added that the NPA ratio improved to 2.8%, with a coverage of 116 percent.

BBVA Bancomer consolidated its leadership in the country, in both credits and resources and the intensity of the activity moved to revenue and profit for the area, which earned 524 million euros (7.1 percent).

CEO BBVA, Angel Cano, noted that “these results confirm the positive dynamics of growth experienced since late last year.”

He said that “the quality of earnings, improved risk indicators The strength of our capital and advances in digital processing are the keys to quarter, “he said.

ERP

BBVA gets the benefit of 146.2% by selling shares in CNCB – HOWEVER

Zazzle

Business

Madrid, Apr 29 (Notimex) .- The Banco Bilbao Vizcaya Argentaria (BBVA) had a thousand attributable profit of 536 million euros ( thousand 689 million dollars) in the first quarter of 2015, 146.2 percent more than in the same period of 2014.

The profit was achieved thanks sales to 4.9 percent of its stake in the Chinese bank CNCB, a thousand 555 million euros (600 million dollars thousand).

No contyar that operation, the result increased 52.8 percent to 953 million euros (one billion 48 million dollars).

BBVA stressed that Mexico also swelled its balance sheet with double-digit growth in lending and customer funds.

He added that the NPA ratio improved to 2.8 percent, with a coverage of 116 percent.

BBVA Bancomer consolidated its leadership in the country, in both credits and resources and the intensity of the activity transferred to the revenue and profit for the area, which earned 524 million euros (7.1 percent).

The CEO of BBVA, Angel Cano, noted that “these results confirm the positive dynamics of growth is experienced since late last year. “

He said that” the quality of earnings, improved risk indicators, the strength of our capital and advances in digital processing are the keys of the quarter “he said.

Tsipras trust agreement with creditors of Greece, left open … – Reuters

By Renee Maltezou and Deepa Babington

ATHENS (Reuters) – Greek Prime Minister Alexis Tsipras, said Tuesday he hoped to reach an initial agreement with international creditors of the country within two weeks, following changes in the team of negotiators from Greece and the marginalization of his finance minister, irritated its partners in the euro zone.

Tsipras also said that he would to resort to a referendum if lenders insisted on demands that his government, which pledged to scrap the austerity measures deemed unacceptable.

Athens is a few weeks of running out of funds and the talks with the European Union and the International Monetary Fund is locked by the demands of creditors that Greece implements reforms such as cuts pensions and liberalizing the labor market.

In a televised interview Tsipras said he hopes to reach agreement with creditors on May 9, three days before the expiry of a payment of debt to the IMF for about 750 million euros (815.5 million dollars).

The Greek prime minister ruled out a default, but noted that the government’s priority is pay salaries and pensions.

On Monday the Greek financial markets and euro rose on hopes that the relegation of Finance Minister Yanis Varoufakis, improve the chances of any initial agreement avoiding a default that could lead to a Greek exit from the euro zone.

But, according to a survey released Tuesday by the German group Sentix, nearly half of investors expected Greece will leave the euro zone within the next 12 months.

European Commission said negotiations for an agreement were progressing but gave no specifics. More …

BBVA doubles its profits until March and earn 1,536 million … – Yahoo Finance Spain

Madrid, April 29 (EFE) .- The BBVA achieved net attributable profit of 1,536 million euros in the first quarter of the year, 146.2% more that the 624 million earned a year earlier, mainly due to capital gains entered by the sale of its stake in the Chinese bank CNCB, today the bank to the Comisión Nacional del Mercado de Valores (CNMV).

The Court of Auditors sees significant breaches in the … – Yahoo Finance Spain

Madrid, April 28 (EFE) .- The president of the Court of Auditors, Ramon Alvarez de Miranda, sees “significant violations” in implementing public sector contracts made in 2012 and the turnover excesses and lack of proof of payment.

In an appearance in Congress-Senate Joint Committee for relations with the Court of Auditors, Alvarez Miranda presented the audit report of the state public sector hiring in 2012 that, in his words, is full of failures “as traditionally have been reports of recruitment from the beginning of time”.

In his speech, the President of the Court has said that certain public managers considered that contract law is made not to apply.

“This I have heard more than a public manager who has no shame to speak, and should have it, “he explained.

According to Alvarez de Miranda there is” a gap “and explained that updating procurement procedures is not in line with legal developments.

The president of the Court found deficiencies “that are not consistent with the principles of efficiency, economy and transparency” and here cited lack of precision in the criteria for the award of contracts.

it has also said that, in some cases, the amounts of bank transfers are higher than the actual invoiced amounts.

According to the president of this institution, in 2012 were referred to the Court of Auditors 1,383 contract files , which amounted to 2,740 million euros, of which 377 have been audited, ie 27.3%, with an amount of 1.733 million.

In its recommendations, the Court has asked the necessary measures are taken to ensure that the procurement is conducted under the terms and limits laid down in the regulatory rules and has demanded greater monitoring them with the imposition of penalties for non-compliance.

At the turn of interventions, the Socialist deputy Jaime Javier Barrero has assessed that undergo controlled the public sector and where there should be no criminal irregularity, he said, “there are dozens.”

Barrero has stated that no justification deficiency in the execution of contracts Navantia, in the Bank of Spain, the National Factory or Renfe and assured that there is insurance contracts used for “tortuous way” to pay severance pay, which was later recognized as inadmissible .

In short, the Socialist deputy has revealed that, according to the prosecution, could be in the presence of “administrative prevarication”.

Telefonica will charge users who exceed consumption data – EntornoInteligente

Expansion / Until now, when customers exceeded the contracted data down the speed of your Internet connection.

Telefónica charged from now, both new users and those who change their tariff plan for excess consumption data that each user have hired, according to sources from the operator, who explained that at most will be 7.5 euros per month for this item.

Until now, when customers exceeded the contracted data down the speed of your Internet connection, while, since Monday, the operator will begin to charge 1 5 cents for each “extra” mega, up to 500 megabytes.

exceeded that threshold, Telefonica will no longer charge users more and continue browsing at high speed.

new form of rate applies to new high Movistar lives and Fusion, as well as all users to change their tariff plan.

Since February, Vodafone charges 2 euros for every 200 euros extra consumption although the user has the ability to disable the service and continue browsing at a slower speed.

In the case of Telefonica, the customer can not choose, but will gradually be informed of their consumption “extra” .

Information Expansion

Ibex-35 index opened lower on concerns about Greece, Bankia falls after … – Terra Colombia

The Ibex-35 was inclined declines on Monday cleared no doubts about Greece following the Eurogroup meeting, while Bankia was down 1.8 percent after presenting the results of the first quarter.

The Ibex-35 was inclined declines on Monday cleared no doubts about Greece following the Eurogroup meeting, while Bankia was down 1.8 percent after presenting the results of the first quarter. In the image file, German Chancellor Angela Merkel and Greek Prime Minister Alexis Tsipras at the end of a news conference after talks in Berlin on 23 March 2015.

Photo: Hannibal Hanschke / Reuters

At Renta 4 values ​​stand Wednesday that investors expect a meeting of the Federal Reserve and the publication of first-quarter US (both events on Wednesday) GDP, while the Eurogroup meets emergency that day to the difficulties in finding an agreement between the European partners on Greek debt.

“The scope of an agreement is crucial and increasingly urgent given that Greece is running out of cash and has to deal with very high payments in May and June and their banks are totally dependent on the ELA ( ECB liquidity fund), “they said.

“Under this scenario, Greece should continue printing volatility to the markets.”

While the market is still digesting business on both sides of the Atlantic, Bankia, which initially opened higher results, it was the value hardest hit traded in the main Spanish stock index after reporting a slight drop in net interest income despite increasing profit attributable 12.8 percent.

“Initially the bias positive came by trimming bail bonds we met late last week, but the results have come out a little worse at the operational level,” said a broker in Madrid.

For the rest of the banking sector also had losses, with a cut of 1 percent in Santander and BBVA 0.8 percent.

Among other great values, Telefonica fell 0.5 percent, 0.8 percent Iberdrola, Repsol down 0.5 percent and 1.1 percent Inditex.

After a half hour session, the FTSE fell 1 percent to 11391.0 points, unable to maintain the level of 11,500 that started the day, while the index of top European shares was down FTSEurofirst 0.37 percent.

Spain investigated by bleaching dome Banco Madrid – The Economist

The lawsuit was filed by two groups of investors, who accused the leadership of the bank by putting the “entity available to those wishing to launder money”.

The Spanish justice investigate seven directors of Banco Madrid for money laundering, said Tuesday the National Court.

lawsuit was filed by two groups of investors, who accused the leadership of the bank by putting the “entity available to those wishing to launder money”. In his order, Judge Fernando Andreu said that the facts could have caused numerous injuries, not only to depositors and investors, “but the entity itself and the national economy.”

Madrid was a subsidiary of Banco Banca Privada d’Andorra (BPA). US accused of laundering money for BPA customers in Venezuela, China and Russia. According to the US Treasury, BPA helped wash at least 2,000 million dollars from Venezuela’s state oil company PDVSA.

Authorities in Andorra, a tiny country in the Pyrenees between Spain and France intervened Spanish BPA and did the same with Banco Madrid in March. Banco Madrid is currently in liquidation.

Representatives of the Venezuelan opposition recently traveled to Spain in search of evidence of the alleged laundering of $ 4,200 million committed by former senior government officials through Venezuela these two financial institutions.

The official investigation has not provided customer names so far, but press reports in Spain quoted some former senior government of Venezuela. Venezuelan authorities said they will investigate these allegations of corruption.

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