Standard & Poor’s maintains the debt of Brazil away from investment grade – Economíahoy.mx

AFP – 6:47 – 11/02/2017

• Your rating remains BB, as it had been a year ago

The rating agency Standard & Poor’s (S&P) announced Friday that maintains the note of the sovereign debt of Brazil, two rungs below investment grade, with negative outlook, due to the strong challenges that continues to face the economy in recession, the south american giant.

Your score remains, therefore, of BB, as it had been a year ago after the last downgrade. “The substantial fiscal challenges and economic in Brazil, they imply a strong commitment in the policy,” said S&P in its press release, in which he pointed out as still insufficient the measures of the new government.

“Despite the progress in the medium term the fiscal adjustment in the administration of [the conservative president Michel] Fear, the persistent political uncertainty, intensified fiscal pressure on local governments and a weak economy lead to a slow and prolonged adjustment” added the note.

Standard and Poor’s withdrew the investment-grade debt brazilian in September 2015, becoming the first of the major rating agencies to do so. Later, he would follow Fitch and Moody’s, as the largest economy in Latin America is collapsing.

The brazilian GDP shrank by 3.8% in 2015 and, according to estimates, would have fallen to 3,5% in 2016, which would result in its first biennium of recession since the 30′s.

by 2017, the Central Bank projected a modest economic growth of 0.8%, while the market expected a reduced expansion, by 0.5%.

Taking into account the timid signals of recovery in a scenario where the main macroeconomic indicators are still in red -for S&P’s government debt will rise from 52% to 67% between 2017-2019, and its deficit will be 7%-, the agency decided to keep also the negative perspective of the note.

In this way, there is a third possibility for the rout again in the next few months, full of uncertainties in Brasilia.

“The negative outlook reflects the risk that the government’s strategy to stabilize the economy and its fiscal position may be undermined by the political dynamics after three years of recession and the potential consequences of the corruption investigations,” says the agency.

With a record unemployment of 12% in the last quarter of 2016, the conservative government of president Michel Fear fight to reroute the economy.

last year got Congress to pass a freeze in public spending for 20 years and was sent for treatment to a reform of the pension system.

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Nissan charged in South Korea – Pysn Pueblo and Society News

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in Spite of the declarations of innocence of the Nissan, the South Korean government considered the japanese brand guilty of having used a system illegally in order to avoid emissions testing in the Renault engine 1.6-liter turbodiesel.

"We are very disappointed with this decision of the court" refers to Nissan in a press release in which he tries to explain what happened in South Korea. "Nissan Korea argues that it complies with all existing rules and not used a device illegal in the Qashqai Euro6 to avoid emissions testing", she concludes.

"Nissan Korea argues that it complies with all existing rules and not used a device illegal in the Qashqai Euro6 to avoid emissions testing"

press Release from Nissan about accusations from the government of South Korea

the government, however, south Korean decided that the 1.6-litre engine is equipped with a system that allows to reduce the NOx emission during the tests, releasing more NOX when this is turned off in the mode of normal driving. The model in question is the nissan Qashqai 1.6 dCi manufactured in the Uk, whose sales were prohibited and forced the collection of 814 units.

I Remind you that Nissan had been fined close to € 350 billion in 2016, after having been accused of having falsified emissions testing. The accusation that the Nissan refuted, that comes later to render the minister of environment of South Korea.

After the Dieselgate in the united states, the Korean authorities have decided to try out, autonomously, in real conditions of 20 diesel models, and it is believed that the accusations now being judged in the court connected to the EGR valve, that stops working when the temperature reaches 35 degrees. On this, the Korean authorities have made it clear that "some cars turn off the systems anti-pollution when the temperature reaches 50 degrees, to prevent the bike from overheating and severe damage to the mechanics. This is normal. The nissan Qashqai is the only one that hung up the systems just to 35 degrees."

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Greece warned by IMF as Germany to “stop playing with fire” – The Reporter

The Greek prime minister, Alexis Tsipras, called on Saturday the International Monetary Fund (IMF) and the German Finance minister, Wolfgang Schaüble, to stop "playing with fire", blaming both the current blockade on the negotiations between Greece and its creditors.

A day after a meeting in Brussels that ended without progress, the Greek prime minister showed, in spite of everything, confident that Greece will reach an agreement.

Tsipras conditioned the return to Athens of the representatives of the creditors to a change of attitude on the part of the IMF: "we Hope that the IMF review as soon as possible their estimates (…) so that discussions can continue at technical level", pointed out at the beginning of a meeting of his party, Syriza.

he Also called German chancellor Angela Merkel to ask for "to his Finance minister to put an end to its aggression, continuing" to Greece. The meeting held the day before in Brussels with the objective of re-launching negotiations on a new aid plan for Greece ended without agreement.

Athens must pay in July, nearly 7,000 million euros to its creditors, a payment that will not be able to cope without new bailout funds.

however, their main creditors, the euro zone countries and the IMF, failed to agree on debt and the economic objectives greeks, paralyzing any new tranche of aid.

For the Fund, the hellenic country will only achieve a surplus of 1.5%, two points below the 3.5 percent that is required.

The agency believes that to meet the goal of budget surplus, Athens would need more internal reforms, something that the government of Tsipras rejects, and claims to also remove substantially all of the Greek debt, a point to which Berlin denies it.

Resigned as a director of the Federal Reserve of the united States – Infobae.com

Daniel Tarullo, head of the Federal Reserve

Daniel Tarullo, member of the board of directors of the Federal Reserve and supervisor of the financial sector, he anticipated the resignation of your position “around the 5 of April of 2017.” His resignation gives you more freedom to control the economy to the Management of Trump, who may fill three vacancies on the central bank in his first month as a representative.

Before the resignation of Tarullo, there were already two vacancies in the board of directors of the Fed. Despite the efforts of Obama to appoint both positions with the nomination of Richard Shelby and Allan Landon in 2015, the Senate republican majority, was never approved by any candidate.

One of the vacancies exists at the root of the Dodd-Frank act (promoted by the Obama Administration in reaction to the financial crisis of 2008), the created a new position on the board of with the intention of controlling more rigorously to the banks and to avoid another collapse of the economy. the First of the vacancy, Tarullo was the job supervisor that the law was supposed to create.

Tarullo gave no explanations for their decision, but he said that he planned to resign his post despite the outcome of the presidential election. Trust that the reforms of the Dodd-Frank act will survive the new Administration.

Janet Yellen, president of the Federal Reserve, stated: “Dan led the work of the Fed to develop a new regulatory framework that ensures the safety and soundness of our financial system after the financial crisis”.

One of the campaign promises Trump was remove excessive regulations that control the banking sector. is The resignation of Tarullo opens the way to appoint three officials more prone to the deregulation of the economy.

Trump challenged the Dodd-Frank act last week when he ordered his team to review their opinions. At the same meeting, promised to employers to release to the banks from the restrictions imposed by the law.

The islands of Spratly, are part of the disputed between China and Philippines (AP)

Negotiations on Greek debt end without agreement in Brussels – Reporter.com.mx

The elections to be held in the Netherlands on 15 march and then in France add uncertainty to the problem. AP / FILE

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• The head of the Eurogroup, Jeroen Dijsselbloem, he explained that there was progress during the five hours of conversations

there was No agreement in the midst of growing fears about a new crisis

BRUSSELS, BELGIUM (10/FEB/2017).- A round of negotiations between Greece and its creditors was concluded on Friday without agreement, amid growing fears about a new crisis.

Greece remains a complicated front negotiator simultaneously with their partners creditors of the euro zone and the International Monetary Fund (IMF).

The head of the Eurogroup, Jeroen Dijsselbloem, explained that there was progress during the five hours of discussions, led by greece’s Finance minister, Euclid Tsakalotos, and responsible of the EU and the IMF.

“everyone understands that there is to conclude the second review” of the debt, said Dijsselbloem, referring to the current stage of bargaining.

The Greek government must repay seven billion dollars this summer, and can’t do that without in turn obtain new loans from the vital financial support that was agreed with their partners, for a total of 86 billion dollars.

The elections to be held in the Netherlands on 15 march and then in France add uncertainty to the problem.

Dijsselbloem warned that the next meeting of the ministers of the eurozone, the February 20, represents too short a period.

“we Will do a review of progress (during this meeting), explained the Dutch minister of Finance.

The main question is whether Greece can achieve a primary surplus equal to 3.5% of its GDP for several years, once the current aid program, in 2018.
To the IMF, Greece will only be able to achieve a 1.5% surplus. To get to the 3.5%, Athens needs more internal reforms, something that the government rejects.

Nokia 6 hits the chinese market – Pulzo

Nokia 6 / Twitter @yugatech

The return of Nokia to the mobile market has been a success, because the stock made available to the chinese public last January was sold out in a minute.

in Addition, as acknowledged by HMD (Global Finnish company that has the distribution rights of Nokia) has renewed the inventory of JD.com as a portal by which it sells the device, "three times, but the terminals are depleted in a matter of minutes or hours", published ABC.

The Nokia 6 to-be-launched officially at the Mobile World Congress in late February, and the intention is to sell it in more countries as at the moment only available in China through a sales strategy of the brand.

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The question is whether Nokia can meet the demand of phones after you enter in the market of the other countries in an official manner, he pointed out, ABC.

The phone, which costs around 230 euros (689 thousand pesos approximately), runs with Android Nougat, a screen of 5.5 inches HD, cameras 16 and 8 megapixel camera, 4 GB of RAM, 64 GB storage and a Snapdragon processor 430, says Reuters.

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What rebirth of a giant? The difficulties of Nokia to cover demand for its new phone in China – Financial Daily

For Daily Financial Online

Nokia, the once world leader in the manufacture of cell phones, lives a successful start to the year in China. All thanks to your new Nokia phone 6, its first Android-powered mobile out on the market and, to the surprise of many, has come to exhaust its supply in a matter of minutes.

however, what for some seems to be a sales strategy designed for headlines of the world press, has an explanation much less convenient for HDM Global, the company that since may last year acquired the license for the manufacture of smart phones under the license of the technology giant Finnish.

despite the overwhelming demand for the new mobile phone in a highly competitive market, in reality the manufacturer is not able to produce at the same pace of sales.

So, what appeared to be a bid to “flash sales”, so that usually turn other manufacturers such as Xiaomi, has put in evidence that the forecasts about the commercialization of the device were not at all optimistic.

In fact, the explanation that he gave the company omitted to deliver concrete figures on the number of units sold, but recognized the difficulties to meet that demand through JD.com the only store in China that sells the device.

“We have been updating the inventory of JD.com more than 3 times, but these have vanished in minutes or hours, hence the impression that we are doing flash sales. We will continue to update the stock JD.com and, now that the Chinese New Year has almost ended, and all are going back to work, they will send more items in the coming days and weeks,” said HDM in a press release.

The doubts about the figures remain, but the expectations for a possible return of the brand to the forefront of the global market of smartphones rely on the nostalgia for its past days of glory, for the good memories that they left their phones before they became smart.

From that in 2014 Nokia is to lay off its division of mobile phones, by selling it first to Microsoft, the technology giant has been concentrating on the business of telecommunications equipment.

In fact, yesterday took a new step in its path to expand its new business areas, launching a public offer of acquisition for 100% of the also Finnish Comptel, to grow its business of software services.

The operation, valued at € 347 million (about US$ 370 million), with the approval of the largest shareholders of Comptel.

The company, founded in 1986, reported annual revenues of € 100 million, and close to 300 interviewers from over 90 countries use software solutions from Comptel, which allow you to process a whole over 20% of mobile data traffic in the world, according to their own estimates.

“The acquisition of Comptel is important because our customers are changing the way they build and operate their networks. Are turning to the software to provide more intelligence and automate more of their operations,” said Nokia in a statement.

The operation is a further step in the strategy of Nokia to become the global leader in the market of telecommunication networks and associated services, compared to rivals like sweden’s Ericsson and china’s Huawei.

Government of Trump poses a risk to the world economy – The Economist

Despite the record levels of Wall Street and the apparent idyll that the Bags live with Donald Trump, the new way of doing politics from his administration begins to cause great concern among many market actors, including rating agencies.

Fitch has not been walked by the branches and in a note published this Friday has warned that the Government of Trump represents “a risk to the conditions of the international economy and the foundations of the sovereign credit globally”.

According to the credit rating agency, with the arrival of Trump to the power policies of the EU have been made less predictable, as both the president and his Government team have left to one side the normal channels of international communication and the usual norms of relations with third countries, increasing the expectations of “sudden changes and unexpected events in the american policy,” with possible impact on the global environment.

Among the main risks to the ratings, the sovereign, Fitch mentioned twists “harmful” in the trade relations maintained up to now, the reduction of international capital flows, the impact on remittances of the vetoes migration, and political confrontation between Trump and other leaders, thus helping to cause volatility in the financial markets.

The signature of the rating warns that the materialisation of these risks would give rise to a negative scenario for the economic growth and would get pressure on the public accounts of some countries, which could have implications unfavorable on the rating of its debt.

Increase of the financing costs

The threats do not end here: Fitch warning also of an increase in costs of external financing, that could also become less accessible.

The agency recognizes that some measures foreseen in the agenda Trump could have a positive effect on growth, as increased investment in infrastructure in the united States, or the possible lowering of taxes and fiscal charges.

in Addition, does not rule out that after the “been” out of action “disturbing,” adopted by the new Administration in his first weeks of Government, the policy of Trump may tend to normalise and enter into a dynamic and more stable in the field of trade and business.

however, the vision of Fitch is not exactly optimistic. The agency believes that the balance of risks is tilted towards a global scenario “less benign”. In this regard, he recalled that the Government of Trump has already broken the trade agreement with the Pacific, has confirmed that it will renegotiate the Free Trade agreement of North America, has been threatened with sanctions by us multinationals investing overseas, and has launched against Germany, accusing it of manipulating the euro at the expense of EU.

Precisely, the president of the German Bundesbank, Jens Weidmann, has shown today its concern about “the rejection of open markets and the tones protectionist” of the Administration to Trump.

“The exchange and international competition encourage the diffusion of new productive ideas and new products better. In this way they increase productivity and enable it to offer cheaper goods and pay more productive employees higher wages,” said Weidmann in a ceremony in Hamburg.

The attitude of Trump may change in the future, but, as pointed out by Fitch, the aggressive tone of the american president and members of his cabinet did not foresee, precisely, a path of roses in the bargaining processes that are coming, “or suggests that there is too much margin for commitment”, concludes the rating agency.

estrategias@eleconomista.mx

IMF and EU agree on bailout funds from Greece – Trade

Reuters- The creditors of the euro zone and the International Monetary Fund (IMF) agreed to leave out their differences and present a united front for a meeting with Greece, in what marks the latest setback for the rescue program, a measure aimed at agreeing on the next steps of Athens.

The announcement was enough to drive investors back into the bond market Greek, but it remains unclear whether Athens will accept the demands. The Government is under public pressure not to accept more austerity measures.

The authorities of the euro area said on Friday that creditors would demand that Greece make further reforms by 1,800 billion euros for 2018, and another 1,800 million after. The measures will focus on broadening the base of taxes and cuts in pensions.

In Athens, a source said that this was a 1 percent of Gross Domestic Product now, and once again after 2018.

A united front would leave to the margin the differences between the two groups of creditors over the size of the primary surplus – which excludes debt payments – that Greece must achieve in 2018 and maintain thereafter.

The euro zone and the IMF also differed on the type of debt relief that Greece needs.

The differences have undermined efforts to unlock more funds for Greece in their latest rescue program. As a result, the yields of Greek bonds to two-year climbed above 10 percent, although they yielded 120 basis points to 8.8 percent after the news of the pact between the creditors.

“There is an agreement to present a united front to the greeks,” said a person in charge of the euro zone. “What comes out of there, as we will see,” he said.

Another source knowledgeable about the agreement said that the creditors believe that Greece still needs to complete between three quarters and half of the so-called priority actions before you can have the 6.100 million euros in the latest tranche of aid.

The leader of the regulation to Wall Street, Daniel Tarullo, will waive the Fed – Expansion MX

The officer of the Federal Reserve led the financial regulation driven in 2008, and with the right to vote in monetary policy decisions, plans to leave his post in April.

Friday, February 10, 2017 at 3:55 PM

WASHINGTON (Reuters) -

The governor of the Fed Daniel Tarullo will relinquish to the central bank of the united States, where he helped lead the financial regulation, creating more space for the president to Donald Trump by rewriting the computer that decides monetary policy.

Tarullo, who has worked at the Fed since 2009 and helped design the bank’s response to the financial crisis and a sharp recession, he said in a letter to Trump Friday that he would leave the central bank “on the 5th of April or a date close”.

The new Government had already said that it would name a new governor of the Fed in charge of leading the financial regulation, a position that Tarullo was never formally confirmed. That person has not yet been named.

David Nason, ceo of General Electric and a exfuncionario of the Department of the Treasury, is listed as a favorite for the position, said to Reuters sources with knowledge of the process.

The Fed released the letter along with a comment from chairwoman Janet Yellen, who highlighted the work of Tarullo creating a new regulatory framework and its “invaluable” contributions to the design of monetary policy of the Fed.

Tarullo also is a voting member in the design of monetary policy.

“it Has been a great privilege to work with former Bernanke and current chair Yellen during a period as challenging,” said Tarullo in a letter.

The banking and Telephone hinder the Ibex counteracting the advance in Wall St – Investing.com Spain

MADRID (Reuters) – investors in the Spanish stock exchange opted for caution Friday, as the political concerns were given the good reception of the recent results of large european companies, and the positive trend on Wall Street.

Between the values that drew him to the found Santander (MC:), Telefonica (MC:) and BBVA (MC:), in the case of the first two after progress in the eve.

The decrease of these values was greater than the positive results of the giants of european industry like the steel company ArcelorMittal (MC:) or the automotive Renault (PA:), and that the advance of the american stock market indices, which were driven by the announcement of Trump that will approve a tax reform.

In the medium and long term, the main concern of investors in Europe, in addition to the protectionism of Trump, still the fear of further surprises in the elections that will be held during the year on the continent, in countries including France and the Netherlands.

The Ibex-35 ended with a cut to 0.64 percent, to 9.378 points, losing in this way the level of 9,400 recovered the day before. In the week lost a 0.89 per cent.

The selective pan-european FTSE rose 0.12 percent.

In Madrid, the value highlight of the day was ArcelorMittal, the largest steel in the world, which rose almost 9 percent after announcing an operating profit gross greater than expected for the last quarter of the year.

He was accompanied in the top of the table your opponent Acerinox (MK:) with an increase of over one percent, driven also by the rise of the metals after a good commercial data in China and prospects of higher demand.

Telephone, who confirmed before the opening that it has received several offers for the acquisition of a stake in its subsidiary Telxius Telecom, yielded 1.2 per cent.

The banking sector, Santander is left 1.7 percent and BBVA fell 1.3 percent.

Also contributed to the fall of the selective large values like Iberdrola (MC) and Caixabank (MC:), which was 0.9 per cent and 1.7 per ,cent respectively.

legal Notice: 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 might incur as a result of using this 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 and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Iberia relaunches the Air Bridge of the hand of Vueling – EntornoInteligente

the Expansion / Iberia modernizes your product Air Bridge, with the one who offers to fly without booking between Madrid and Barcelona, hand in hand with Vueling.

from July, to 16 daily frequencies of Iberia are added to the 10 of Vueling, which will have flights every 15-30 minutes in peak hours and every hour the rest of the day.

in Addition to open tickets, the passengers will have the possibility of making a reservation of your flight, with the same flexibility. It will be the client itself which you can manage your own bookings through the web and the app in Iberia, but not through Vueling.

With this enhancement, Iberia plans to increase its market share in the corridor. Currently, 62% is in the hands of the BIRD.

Iberia relaunches the Air Bridge of the hand of Vueling

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5 professions that will not exist in 2050 – entrelineas (press Release)

The advancement of new technologies is so fast that there are university degrees and training courses that become obsolete even before the student finishes it. And in the meantime there are professionals who, from his place of work, regard with suspicion the transformation of the industry, fearing that one day a machine replace them, pointing TICBeat.

In TICbeat take a time addressing the issue of the job destruction because of automation of the processes and of the industry 4.0. As in past eras of technological advancement and innovation, there are professions and certain profiles that become obsolete, to make way for new ones, although there are always some sectors that manage to adapt to the new scenario and avoid so their disappearance.

In the fourth industrial revolution in which we are living, all the experts coincide in pointing out that the factor that will determine when a job disappears, or you will not be their degree of automation, that is to say, those more mechanical and less complex, while those that add value and are more intellectual will to survive, or at least collaborate with artificial intelligence.

On the basis of this premise, from the training portal Cursos.com have developed their own forecasts about the jobs that will disappear in the near future. Specifically, they estimate that these five professions will be a thing of the past in 2050:

• travel Agent: if there is a sector that has seen especialemten shaken by the digitization and ICT has been tourism. The startups have brought new ways of operating and have transformed traditional processes, such as the booking of flights, hotels and the tourist experience. Although there are companies that have been able to react in time, innovating in its service and lowering the prices, many other have had to close offices and travel agents have been greatly reduced. In fact by 2050 it is expected that their role will no longer be necessary.

• bank Teller: the millennials and teens of today are the adults of tomorrow. And all the studies coincide in pointing out that these generations are not going to the bank offices, because they want to ( they can, thanks to the fintech) to make any financial management from your mobile or the internet. That’s why every time we will see less physical branches, and that there will be will be limited to cash; everything will be automatic, by reference to any management of the area online, so that the personal advisers will disappear in a few years.

• Interviewer: con the improvement of the voice recognition and with the advances in Artificial Intelligence this guild is doomed to disappear in three decades. In fact, today many operators serve their customers in an automated way, either by phone or the internet.

• train Engineer: in 2050 there will be trains but iran piloted automatically, as autonomous cars. If today the work of the machinist is still in effect is safety issues. With the advancement of sensors for 2050 these professionals will be a thing of the past.

TICBeat

The global markets, encouraged by the new record on Wall Street – Investing.com Spain

Investing.com – Asia secunda rises of Wall Street. The bounces 2.49%, before the meeting of the prime minister japanese with Trump.

The green predominates on the european stock exchanges. The listed flat, with ArcelorMittal (MC:) and Telefonica (MC:) under the focus of investors.

go Up the future of the us indices, after the new record on Wall Street by the promise of tax cut for Trump.

The dollar sign, after the president of the united states has pledged to maintain the policy of "one China".

The shooting more than half a dollar after that the IEA has revised upwards the estimates of consumption by 2016.

Climbs , backed up by trade data from China.

legal Notice: 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 might incur as a result of using this 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 and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

L’oréal is studying the sale of The Body Shop for 1000 million euros – Economíahoy.mx

EconomíaHoy.mx – 8:28 – 8/02/2017

L’oréal is looking for a buyer for The Body Shop. the Financial Times ensures that the French firm had been commissioned by the sale of the british brand to Lazard by about 1,000 million euros. Some investment funds have already shown their interest.

in early 2006, L’oréal bought The Body Shop for 652.3 million pounds sterling (about 758 million euros to the current change and a few 938.8 million euros at that time) in cash.

The journal anticipates that the company’s gala will be a strategic review of this part of your business. Is expected to make in the presentation of its annual results this Thursday.

all in all, the divestitures of the French not of concern to the market. Hermine de Bentzmann, analyst at Raymond James, believes that “your profile is diversified, should continue to be a competitive advantage.” The expert highlights their capacity for innovation and to adapt to the new market dynamics.

The Body Shop, which has more than 3,000 stores in 66 countries, was founded in 1976 by Anita Roddick, a social activist, and her husband Gordon in Brighton as an alternative to the traditional and cosmetic.

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Inflation in January was 1.3%, lower than expected – LA NACION (Argentina)

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SPAIN: S&P raises the note to Bankia and takes it out of the junk bond – EntornoInteligente

the Five Days / The agency of qualification of risks Standard & Poors has improved this Thursday the rating remains on Bankia, the largest financial institution nationalized in Spain, and on its parent, BFA.

In particular, the firm’s credit rating has revised upwards the long term rating of Bankia from “BB+” to “BBB-”, keeping the positive perspective. In addition, it has revised its note to the short-term from “B” To “a-3″ with Positive outlook. Finally, has revised upward the rating of the subordinated debt from “B+” to “BB”.

So what has been communicated to the financial institution in a relevant fact referred to the National Commission of the Market of Values (CNMV), has sent a statement of its parent, BFA.

In this case, Standard & poor’s has raised its long term rating from “BB-” to “BB+”, maintaining the positive outlook. On the same note, S&P has ratified the rating in the short term BFA in “B”.

Bankia has appreciated this Thursday with a 1.7% on the Stock exchange, at a time that is shuffled for the Government to merge the entity with BMN, the other nationalised, if any bidder private offers a bid is appropriate.

SPAIN: S&P raises the note to Bankia and takes it out of the junk bond

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OHL and Grupo Villar sold 50% of tourist project in Spain – Milenio.com

The builder pointed out that the Centro Canalejas Madrid is the first hotel project and residential of the Four Seasons brand in Spain, which will be inaugurated in 2019.

Roberto Valadez 09/02/2017 04:05 PM

Mexico City

The construction company OHL reported that, along with its partner Grupo Villar Mir (GVM), have sold 50 per cent of the shares of the tourism project Centro Canalejas Madrid to the signature Mohari Limited, controlled by businessman Mark Scheinberg.

OHL specified that this transaction, 17.5 per cent of the shares were his property and 32.5 per cent of GVM.

The builder pointed out that the Centro Canalejas Madrid is the first hotel project and residential of the Four Seasons brand in Spain, which will be inaugurated in 2019.

OHL explained that the remaining 50 per cent of this resort will be in your possession along with your partner GVM, in the same ratio of 15.5 and 32.5 percent, respectively.

CPR

San Rafael had 37.5% inflation in 2016, and they expect that to drop to 25% this year – One in San Rafael

inflation in 2016 in San Rafael was high: 37,5% according to the Consumer Price Index (CPI) prepared by the consultant in mendoza Evaluecon. Although not surprising, taking into account the high percentages of previous years: 30% in 2015 and 37,66% in 2014.

In the rest of the South, and from Mendoza to the figures approached, more points or points less than, the national average of 40%. In General Alvear measured in the past twelve months by 36.6%, Malargüe 43.8%, and the CPI provincial gave 41,85%.

these Are high numbers, but that was to be expected taking into account the series of factors that were put together in 2016, plus the drag of previous years.

The economist Jose Vargas, owner of the consulting firm, explained that “the output of the cepo made that the official exchange rate exceed the 16 pesos, and that in the first three months of last year moved automatically to prices. After we had rate increases, and the rearrangement of prices was much more sudden than expected, so in that sense we had a peak inflation annual quite high.”

This peak, which was around 40% at the country level, far exceeded the goal of 25% had been self-imposed by the national government, which was achieved already in the first quarter.

by 2017, inflation is expected to drop significantly, although not to the levels that they want the economic officials.

“This year”, added the specialist at ONE San Rafael- about a 12% to 17%, both the Government and the Central Bank, but we estimate that they are not going to reach that goal, surely we will be in a 25% annual, taking into account that first there is a drag the last year and after a series of increases agreed in the first quarter, as fuels, tariffs of public services, prepaid, cellular, the ticket of collective and others”.

Vargas noted that “the majority of these increases are the most effective in the consumer basket of a family type, thus the impact to the population is going to be a lot stronger.”

he Considered that although it is always positive that lower the inflation, the 25% is still a high rate. And also dangerous “because it is an election year, and always when there are elections the government of the day tends to increase much more the public spending, that can bring a result in the level of prices”.

expensive Country and shopping in Chile

Even if inflation slows, the prices are high and therefore the country is expensive to the everyday life of its inhabitants and also for export. “That’s what makes a country extremely expensive, with a type of change backward and makes many of the argentines decide to vacation and shop in the outdoor”, explained the economist Joseph Vargas.

“At this time of the year has become common for families to go to Chile to buy everything on the school for the year and has also been noticed, especially in the weekends, many mendocinos make monthly purchases in the supermarket; have a savings of almost 60%. Even sumándoles the expense of fuel, tolls, and others, it is still much more convenient,” said the owner of the consulting firm Evaluecon.

he Said that this is due to the type of change is “backward,” and “for the country to return to competitive prices should be at least about 20 pesos. The Government knows this and that is why in his budget has placed an official exchange rate for December of this year of 18 pesos. That is to say that you know that is at least two weights late”.

But a new increase in the value of the dollar can move prices and generate more inflation, “that’s why you try not to touch the type of change”, at least until they lower the rate of inflation.

Regarding the growth, he considered that “it’s going to be a year economically a little better, basically because it’s worse than last year can’t be, wake up minimally the economy is already a slight improvement and with that we have almost half of the inflation of 2016 is also extremely good. We’re not going to grow at 3% or 4%, but 1%, or 2% as much, but will surely be boosted with more public spending that is paid the following year, that what we have experienced in the past.”

Player spent over $1000 USD in characters of Fire Emblem Heroes – LEVELUP

If you’re playing Fire Emblem Heroes surely you are very excited and willing to get every one of the characters. Well, it’s time to take you to the real world, because it seems that you’ll need much time or much money to get to each hero, for it is not with $ 1000 USD you will reach to have them all.

through reddit, the user Kookoo22 shared images of their lineup of characters, revealing that in total you have 500 heroes. Of these, only 35 are 5 star, 150 count with 4 stars and the vast majority of the remaining are of 3-star standards.

How did Kookoo22 to have so many heroes? The user of reddit mentioned that it had spent $ 1050 USD in microtransactions Fire Emblem Heroes to grow your collection of characters, however, there has not been enough to get them all. Many realized that need 7 heroes, such as Hector, Tharja, and Nowi.

When asked to Kookoo22 why spent so much money on a mobile game, responded that it has “a really good job and not spending much more, only on the basics, my budget for entertainment is mainly related to games.”

As you know, Nintendo has planned to release future expansions that will include more characters. When this happens, Kookoo22 estimated to be between $ 100 USD and $ 200 USD to unlock the new content.

Without a doubt, to see a player spend so much on microtransactions for a free game it might seem strange, but it is more than clear that this type of titles were created for the market it does not bother to spend your money to get new items.

For more information related to Fire Emblem Heroes check out this link.

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By gasolinazo, prices rise 1.7% in January, its highest level in 18 years – The Universal

mainly strong increase of petrol and LP gas, the inflation in the first month of the year was the highest in the past 18 years.

During January, 2017, the National Index of Consumer Prices presented a monthly increase of 1.7% its largest increase since January 1999, when it reached a rise of 2.53%, according to the latest data released by the Inegi.

the Result of the above, the annual inflation at the start of 2017 stood at 4.72%, their highest level since September 2012, when the annual variation stood at 4.77%.
however it should be noted that the impact of the so-called gasolinazo and the month of January was in the property of family consumption, at the expense of the budget of families with lower purchasing power.

In effect, the national index of prices of the consumer basket reported a rise in monthly 4.43%, its largest increase since December of 2016. With which the annual rate reached 7.26%.

goods and services with greater impact whose prices had the greatest impact on the inflation in January, jurisdiction: gasoline low-octane, with a rising monthly 16.81%; domestic gas LP, 17.85%; high-octane gasoline, 21.73%; loncherías and inns, 1.24%; automobiles, 1.9%; tortilla, 2.47%; city bus, 4.03%; lemon, 34.32%; and home of their own, 0.24%.

The index of prices underlying, which does not include the goods and services whose prices are more volatile, registered a monthly growth of 0.58% and an annual rate of 3.84%, while the price index does not underlying reported a monthly increase of 5.14% and 7.40% per annum.

The interior of the index of prices underlying the sub-index of goods rose 0.93%, and the services is 0.28%.

Within the price index does not underlying, the sub-index of agricultural products declined by 0.88% monthly rate, at the same time that energy prices and tariffs authorized by the government rose 8.96%.

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The increases of Consumer Prices in January were 1.2% – Journal One

During January, the measurement of the Direction of Statistics and Economic Research of Mendoza (DEIE) found that the rate of inflation stood at 1.2% in its overall level, with a total of 21.9% in 9 months.

The item that led to the incidence in the general level it was Food and Drinks, followed by Health Care and Health, in the same proportion as Transport and Communications.

The variation of prices in the chapter Food and Drinks was 1.2% compared to the previous month, “underpinned by the increase in baking in general, meats and dairy products,” said Facundo Biffi, owner of the distribution.

In the detail specified that the cold cuts were up an average of 2%, dairy products are positioned on a scale from 2% to 6%, and noodles, and coffee are, the more they went up, marking an increase of 14% and 10%, respectively.

In terms of fruits and vegetables, there were seasonal increases in the price of citrus and the pope, and falls in the prices of the tomato, the corn and the eggplant.

The 2.6% increase that marked the field of Medical Care and Health Expenses, was given by growth of between 3% and 5% of the price of medicines and 5% on some professional services.

The growth in the price of gasoline/fuels, and the cell phone service had a bearing on the rise in the chapter Transport and Communications, whose rate marked a 1.4%. Another category that saw increases, but less, is Housing and Basic Services, pushed by a slight rise in rents.

Meanwhile, Apparel continues the trend of regression, marking a decrease of half a point, mainly by the exodus of shoppers to Chile,” said Biffi.

The official estimated that “the measurement of February would be significantly higher due to impact of the already announced increases in the rates of electric, cigarettes, bread, and the bus ticket”.

OHL and of the Villar Mir sold the half of the project Canalejas by 225 million – Reuters Spain

MADRID (Reuters) – OHL said Thursday it has agreed to sell along with Grupo Villar Mir 50 per cent of its real estate project Canalejas in Madrid for 225 million euros to the society Mohari, whose main shareholder is billionaire Mark Scheinberg and founder of the online company PokerStars.

OHL sold in the framework of this transaction, the 17.5 per cent of Canalejas, and you will receive as a counterpart 78,75 million euros. The construction company said that the transaction will generate a capital gain of approximately € 29 million.

The closing of the sale is subject to the prior fulfilment of a number of conditions precedent and is expected to be realized in the next few weeks.

The sale of Canalejas is part of a series of sales of assets that the construction company wants to enter approximately 300 million euros.

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