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Economy & Finances

Boeing Reports First-Quarter Results and Reaffirms 2016 Guidance

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Table 1. Summary Financial Results First Quarter (Dollars in Millions, except per share data) 2016 2015 Change Revenues $22,632 $22,149 2% Non-GAAP* Core Operating Earnings $1,694 $2,132 (21)% Core Operating Margin 7.5% 9.6% (2.1) Pts Core Earnings Per Share $1.74 $1.97 (12)% GAAP Earnings From Operations $1,788 $2,019 (11)% Operating M... Read More »

First quarter 2016 results

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Bob Dudley, BP group chief executive, said: “Despite the challenging environment, we are driving towards our near-term goal of rebalancing BP’s cash flows. Operational performance is strong and our work to reset costs has considerable momentum and is delivering results. Furthermore, development of our next wave of material upstream projects is well on track.” The Brent oil marker price averaged $34 a barrel in the quarter, compared with $44 in 4Q 2015 and $54 in 1Q 2015, and refining margins were at the lowest quarterly average for over five... Read More »

P&G Announces Third Quarter Fiscal 2016 Results

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CINCINNATI--(BUSINESS WIRE)--The Procter & Gamble Company (NYSE:PG) reported third quarter fiscal year 2016 diluted net earnings per share of $0.97, an increase of 29%. Core earnings per share were $0.86, a decrease of three percent, while currency-neutral core earnings per share were unchanged versus the prior year. Core operating profit margin increased 300 basis points driven primarily by productivity savings in gross margin. Net sales were $15.8 billion, a decrease of seven percent versus the prior year including a five percent negative... Read More »

Interim Report 1st Quarter 2016

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On April 29, 2016, you can obtain further information from the internet at the following addresses: Interim Report (from 7:00 a.m. CEST)  basf.com/interimreport (English)  basf.com/zwischenbericht (German) News Release (from 7:00 a.m. CEST)  basf.com/pressrelease (English)  basf.com/pressemitteilungen (German) Live Transmission – Telephone Conference for analysts and investors (from 8:30 a.m. CEST)  basf.com/share (English)  basf.com/aktie (German) Live Transmission – Speech Dr. Kurt Boc... Read More »

Finance ministers meeting in Amsterdam

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The finance ministers of all the EU’s 28 member states discussed, among other things, ways to strengthen the European Banking Union, the Panama Papers and the financial sector´s contribution to a sustainable and stable economy. The discussion of Banking Union considered the risk of countries in financial stress dragging down banks with significant holdings of sovereign debt. The Netherlands Presidency had placed this issue on the agenda. ‘We discussed the issue in depth,’ said Mr Dijsselbloem. ‘It’s reassuring to note that everyone recognise... Read More »

Financial re-integration trend moderates, but ambitious capital markets union will boost benefits of integration

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Retail bank lending rates continued to converge across countries, for example. However, the trend has slowed since spring/summer 2015, partly due to offsetting developments in different market segments. Some divergence in bond yields can be explained by increasing risk aversion in global financial markets and countries’ fundamentals. The report highlights a series of policy actions that support the financial re-integration trend. In addition to the ECB’s expansionary monetary policy, the Single Resolution Fund became operational this year. E... Read More »

ECB announces details of the corporate sector purchase programme (CSPP)

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The Eurosystem’s collateral framework – the rules that lay down which assets are acceptable as collateral for monetary policy credit operations – will be the basis for determining the eligibility of corporate sector securities to be purchased under the CSPP. The following technical parameters will apply: - The programme will start in June 2016. - Outright purchases of investment-grade euro-denominated bonds issued by non-bank corporations established in the euro area will be carried out by six Eurosystem national central banks (NCBs): Nat... Read More »

Results of the Q2 2016 ECB Survey of Professional Forecasters (SPF)

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They reported that the downward revisions mainly reflected oil price developments since the previous quarterly survey, conducted in January. However, respondents continue to expect a strong pick-up in inflation the course of 2016 and in 2017 once the impact of the oil price decline subsides. Average inflation expectations for 2017 and 2018 were 1.3% and 1.6% respectively. Respondents envisage a profile of moderate but gradually increasing underlying inflation, which is shaped by the ongoing expansion of economic activity (and the assumption tha... Read More »

Cargill’s Joe Stone Joins World Food Program USA Board of Directors

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“We have reached a turning point – we need new collaboration to ensure a sustainable, food-secure future,” Stone said. “Cargill has been collaborating with the United Nations World Food Programme for more than 15 years in a global effort to nourish people,” he said. “I am delighted to be a part of WFP USA’s important work advancing short- and long-term solutions to fight hunger and malnutrition.” Stone is responsible for strategy and execution for Cargill’s animal nutrition businesses, which create nutrition for animals that provide milk,... Read More »

Results of the March 2016 survey on credit terms and conditions in euro-denominated securities financing and over-the-counter derivatives markets (SESFOD)

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Overall credit terms offered to counterparties across the entire spectrum of securities financing and OTC derivatives transaction types became less favourable during the three-month reference period ending in February 2016. The tightening of credit terms was most pronounced for counterparties which are hedge funds and non-financial corporations. Credit terms are expected to tighten somewhat further over the next review period (i.e. between March and May 2016). For what concerns credit terms by collateral type, non-price terms, such as the ma... Read More »

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