March 2013 archive

Mar 03

Lower estimates of 2013 global oil demand

The estimate of global oil demand has been slithly lowered to 90.7 (mb/d) in 2013, following downward revisions to the International Monetary Fund’s forecast of economic activity, the IEA said in its February Oil Market Report. Crude oil futures breached nine-month highs in early February, propelled by stronger economic signals from China and the United …

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Mar 03

50% of Italian SMEs finds difficult to pay wages

Peak of defaults around 95 billion euro in 2012 in Italy, with 50% of SMEs unable to pay its workers’ wages on time, CGIA Mestre reports in its analysis of the Italian economy. The net pay of the Italian workers, around 10 euro on average, is below the norm for Eurozone, ISTAT says.

Mar 03

Five possible energy surprises in 2013

Low probability scenarios are described by Kurt Cobb in his blog. They have few chances to happen, but would surprise the experts and markets. The scenarios include extreme hypothesis about oil prices from 30$ to 200$. Read the article here.

Mar 03

Swiss voters back executive pay curbs

Swiss citizens were on track on March 3, to impose some of the world’s strictest controls on executive pay, giving shareholders in public companies a binding vote on compensation, initial result projections showed. Read the full Reuters’ press release.

Mar 03

Fondo di Garanzia per le PMI: aumenta la trasparenza

Approvato dal dal Comitato di Gestione del Fondo centrale di Garanzia per le PMI nella seduta del 14 febbraio 2013 il Parte X disposizioni operative (Disposizioni in tema di Trasparenza delle condizioni e di formazione ai soggetti beneficiari finali). Il Piano della Trasparenza è stato elaborato in attuazione di quanto previsto all’art. 12 del decreto MISE …

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Mar 03

Finance ‘votes’ for Grillo and Berlusconi

A pre-electoral report by Mediobanca Securities forecasted the incredible results of Mr Grillo and Mr Berlusconi in the Italian vote of 24-25 February 2013, and indicated it as the best scenario for financial operators worldwide (read the scoop by Il Sole 24 Ore on 18th February 2013). “Paradoxically, the worst case scenario could actually become …

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