Azerbaijan: Conference in Rome TAP and gas market impact
The International Affairs Institute (IAI) will hold a conference tomorrow 26 September from 15-18:00 on the impact predicted in terms of increate supply security and diversification on the European and Italian markets once the TAP gasduct is completed.
(Il Sole 24 Ore Radiocor)
Germany: Third quarter GDP + 0,2% (DIW)
The German research institute DIW has cut its estimate for German GDP growth to +0.2 from +0.4. “Recovery will go forward at a reduced rate”, explained Ferdinand Fichtner, head of the Institute, specifying that industrial sector trends remained growth ones, even though the quarter’s start had been sluggish.
(Il Sole 24 Ore Radiocor)
USA: Applied Materials takes over Tokyo Electron (merger of 29 billion USD)
The US integrated circuit-board manufacturer Applied Materials and the Japanese Tokyo Electron announced a merger that would bring an influx of capital to the colossus of approximately 29 billion USD.
(Il Sole 24 Ore Radiocor)
Sweded: Volvo cuts jobs
Volvo, the world’s top automotive industry producer, announced a restructuring plan for nearly 5 million kronas (approx. €600 million) over a two-year period, without specifying how many jobs would be cut.
(Il Sole 24 Ore Radiocor)
Hungary: Central Bank to cut interest rate to 3.60%
The Hungarian Central Bank lowered its interest rates for the fourth consecutive time, taking advantage of a lower rate of inflation than previously forecast. Read more in Italian.
(Il Sole 24 Ore Radiocor)
