Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 53

Posts Tagged ‘US’

U.S. Bank Announces Redemption of Senior Notes

Posted by fidest press agency su martedì, 10 dicembre 2019

U.S. Bank National Association today announced the redemption on December 17, 2019, of all its outstanding Floating Rate Senior Notes due January 17, 2020 (CUSIP 90331HNK5). The redemption price for the Senior Notes will be equal to $1,000 per $1,000 original principal amount, plus any accrued and unpaid interest to, but excluding, the redemption date of December 17, 2019.U.S. Bancorp, with 74,000 employees and $488 billion in assets as of September 30, 2019, is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. The Minneapolis-based bank blends its relationship teams, branches and ATM network with mobile and online tools that allow customers to bank how, when and where they prefer. U.S. Bank is committed to serving its millions of retail, business, wealth management, payment, commercial and corporate, and investment services customers across the country and around the world as a trusted financial partner, a commitment recognized by the Ethisphere Institute naming the bank a 2019 World’s Most Ethical Company. Visit U.S. Bank at usbank.com or follow on social media to stay up to date with company news.

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Goldman Sachs U.S. Financial Services Conference

Posted by fidest press agency su domenica, 8 dicembre 2019

U.S. Bancorp (NYSE: USB) announced today that Chairman, President and Chief Executive Officer Andy Cecere and Vice Chairman and Chief Financial Officer Terry Dolan will present at the Goldman Sachs U.S. Financial Services Conference. The presentation will begin at 10:50 a.m. EST on Wednesday, December 11, in New York City.A live audio-webcast of the session will be available through U.S. Bancorp’s website at usbank.com by clicking on “About Us,” “Investor Relations” and “Webcasts & Presentations.” A replay of the webcast will be available for 90 days after the live event at the same location. U.S. Bancorp, with 74,000 employees and $488 billion in assets as of September 30, 2019, is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. The Minneapolis-based bank blends its relationship teams, branches and ATM network with mobile and online tools that allow customers to bank how, when and where they prefer. U.S. Bank is committed to serving its millions of retail, business, wealth management, payment, commercial and corporate, and investment services customers across the country and around the world as a trusted financial partner, a commitment recognized by the Ethisphere Institute naming the bank a 2019 World’s Most Ethical Company. Visit U.S. Bank online or follow on social media to stay up to date with company news.

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Northern Trust Named Best Private Bank in the U.S.

Posted by fidest press agency su martedì, 5 novembre 2019

Northern Trust, a leading provider of wealth management services, has been named Best Private Bank in the U.S. and Best Private Bank for Succession Planning by Professional Wealth Management and The Banker magazines, publications of the Financial Times Group.“Northern Trust has been one of the most consistent performers in the 11 years that the awards have been running, servicing the highest niches of wealthy clients with industry-leading technology,” said Professional Wealth Management Editor-in-Chief Yuri Bender.“We appreciate this recognition and reflection of our longstanding dedication to collaborating with clients to assist them in optimizing their wealth,” said Northern Trust Wealth Management President Steven L. Fradkin. “The holistic wealth management innovation embedded in our Goals Driven Wealth Management platform is just one example of how Northern Trust continues to enhance with best-in-class technology, coupled with industry leading advisors, to help clients navigate some of their most important financial decisions.” These awards are part of the Global Private Banking Awards created in 2009 to recognize excellence in the wealth management industry by firms worldwide. More than 170 banks in more than 60 countries entered submissions for the award. Northern Trust received the honors at a gala dinner on October 31 in London at the Four Season’s Park Lane Hotel.

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Tre fondi indicizzati controllano tutte le US corporation

Posted by fidest press agency su venerdì, 6 settembre 2019

Le grandi istituzioni economiche, come il Financial Stability Board e il Fmi, alla fine hanno dovuto ammettere che il sistema finanziario non bancario, ufficialmente chiamato “shadow banking”, ha surclassato il tradizionale sistema bancario nella gestione del risparmio e degli investimenti finanziari. Un recente paper “The specter of giant three”, preparato da due professori americani, Lucian Bebchulk e Scott Hirst, e pubblicato dalla rinomata Harvard Law School University di Cambridge, Massachusetts, analizza in dettaglio il ruolo dominante degli exchange trade funds (etf) nel variegato e sempre meno controllato mondo della finanza.
“Lo spettro dei tre giganti” non è soltanto un titolo provocatorio. Esso mostra una precisa fotografia del crescente potere di tre etf americani, i fondi BlackRock, Vanguard e State Street Global Advisors (SSGA). Il primo è di gran lunga il più conosciuto in quanto a suo tempo venne utilizzato dal Dipartimento del Tesoro per “fare pulizia” di titoli tossici presenti in varie istituzioni finanziarie americane. I fondi indicizzati etf sono fondi d’investimento che raccolgono capitali e risparmio da diversi soggetti e li investono in un “portafoglio di titoli” di corporation comprese in alcuni indici borsistici di Wall Street. Il caso emblematico è quello di Standard&Poor’s 500., Detti fondi comprano un ventaglio di partecipazioni azionarie, replicando così fedelmente la composizione dell’indice di riferimento. Com’è noto, gli etf sono anche quotati in borsa.
I Tre Giganti complessivamente gestiscono ben 14.000 miliardi di dollari di attivi (assets under management). La loro crescita è stata vertiginosa, anche per le non irrilevanti agevolazioni fiscali. In dieci anni, di tutti i capitali confluiti nei vari fondi d’investimento, l’80% è finito nei tre colossi. In venti anni la loro partecipazione azionaria nelle grandi corporation americane, che fanno parte dello S&P 500, è quadruplicata, passando dal 5,2% al 20,7%. BlackRock e Vanguard, di fatto, detengono ognuna più del 5% delle azioni di tutte le corporation comprese nell’indice menzionato. Il paper succitato stima che i Three Giants rappresentino il 25% dei voti nelle assemblee direttive delle imprese in questione.
Questo, ci sembra, l’aspetto più preoccupante. I manager delle Tre Big sarebbero nella posizione di essere azionisti dominanti in tutte le più importanti company americane, soprattutto in quelle ad azionariato diffuso e senza un azionista di controllo. Non è un caso, quindi, che molte istituzioni pubbliche, a cominciare dal Dipartimento di Giustizia Usa e dalla Commissione federale del commercio, che vigila sulla concorrenza, siano attenti al rispetto delle leggi anti trust, al conflitto d’interesse e in generale alle eventuali manipolazioni dei mercati e delle borse. Dopo la Grande Crisi del 2008 giustamente si era molto parlato della concentrazione di potere delle banche cosiddette “too big to fail” per tentare di introdurre nuove regole per contenerne lo strapotere. Oggi, invece, i giganti dello “shadow banking” hanno bypassato il sistema bancario, creando un nuovo e più potente oligopolio finanziario. Nessuno può essere indifferente. Con un’attività sempre più agguerrita i Tre Giganti puntano verso i mercati asiatici e verso quelli europei. Si spera che la Commissione Antitrust dell’Ue vigili con puntualità.E’ molto preoccupante assistere alla faticosa e spesso poco produttiva rincorsa delle varie agenzie di controllo dietro questi attori della grande finanza, che naturalmente corrono più veloci rispetto ai controllori. I numeri in questione e i tanti rischi per l’economia reale di molti paesi sono troppo grandi perché siano sottovalutati da parte dei decisori globali. (Mario Lettieri già sottosegretario all’Economia e Paolo Raimondi economista)

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U.S. extradition request for Julian Assange to be heard on Thursday

Posted by fidest press agency su giovedì, 2 maggio 2019

LONDON (Reuters) – A request by the United States to extradite WikiLeaks founder Julian Assange for one of the biggest ever leaks of classified information will be heard by a London court on Thursday.”Julian Assange will be sentenced at Southwark Crown Court at 1030 tomorrow for ‘violating his bail conditions’ whilst seeking & obtaining political asylum,” WikiLeaks said.”On Thursday at 10AM there will be a hearing in Westminster Magistrate Court on the US extradition request,” it said.The U.S. Justice Department said Assange was charged with conspiring with former Army intelligence analyst Chelsea Manning to gain access to a government computer as part of a 2010 leak by WikiLeaks of hundreds of thousands of U.S. military reports about the wars in Afghanistan and Iraq and American diplomatic communications. (Reporting by Guy Faulconbridge. Editing by Andrew MacAskill)

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Trump Trade: More Bark than Bite?/”Trump trade”: plus de peur que de mal?

Posted by fidest press agency su domenica, 23 aprile 2017

trumpSince the election of the new US President Donald Trump, uncertainty surrounds the new direction that US trade policy will be taking. Should we expect a hard Trump or a soft Trump? To what extent does Trump’s desire to rebalance US trade and to “level the playing field”, mean “playing dirty” by adopting aggressive unilateral measures, and thus risking a profound disruption of international trade by triggering an escalation in the targeted countries’ response? In this policy paper, Elvire Fabry, senior research fellow at the Jacques Delors Institute, analyses the factors that will prevail in Washington’s initiatives et outlines two scenarios allowing to decipher the way in which these various parameters might be played out:
• An aggressive economic nationalism;
• A protectionist megaphone with limited disruption.
The Europeans need to seriously prepare a gradual response to Donald Trump’s protectionism, all the more that the European Union is more vulnerable than China. While the latest developments would argue in favour of a soft Trump, an aggressive scenario cannot be excluded, and call Europeans to prepare responses, notably:
preserving multilateralism, by forging a broad coalition with Asia, Africa and Latin America against protectionism;
avoiding a risk of divisions between EU member states by making a collective commitment to use trade defence instruments and by preparing a European harmonisation of corporate tax;
and building consensus over European trade policy.
Depuis l’élection du nouveau Président américain, Donald Trump, l’incertitude plane sur la nouvelle orientation de la politique commerciale américaine. Faut-il s’attendre à du hard Trump ou à du soft Trump ? Jusqu’à quel point la volonté de Trump de rééquilibrer les échanges commerciaux américains, « levelling the playing field » signifie-t-elle « playing dirty » par des mesures unilatérales agressives suscitant une escalade de ripostes des pays ciblés, au risque de perturber profondément le commerce mondial ?
Dans ce policy paper, Elvire Fabry, chercheur senior à l’Insitut Jacques Delors, analyse les facteurs qui pourraient prévaloir dans les décisions de Washington et esquisse deux scénarios qui permettent de décrypter la façon dont ces divers paramètres pourraient se décliner : Un nationalisme économique agressif.
Un mégaphone protectionniste mais une rupture limitée.
Les Européens doivent d’autant plus s’atteler à préparer une réponse graduée au protectionnisme de Donald Trump que l’Union européenne est plus exposée que la Chine.
Si les derniers développements penchent en faveur d’un soft Trump, un scénario agressif n’est pas exclu et appelle à bien anticiper les réponses côté européen en commençant notamment par:
préserver le multilatéralisme, en forgeant une coalition avec l’Asie, l’Afrique et l’Amérique Latine, contre le protectionnisme,
éviter un risque de division entre les Etats membres de l’UE, en s’engageant dès à présent collectivement sur l’utilisation des instruments de défense commerciale et en préparant activement une harmonisation européenne de l’impôt sur les sociétés,
renforcer la cohésion des Européens sur l’orientation de la politique commerciale européenne. (photo: trump)

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Surprises from small markets, US and China continue to dominate

Posted by fidest press agency su domenica, 28 febbraio 2016

marketsAt first glance, it would appear that globally, the market research industry experienced another year of healthy growth in 2014, continuing on from the happy surprises of last year’s ESOMAR Global Market Research report. However, global growth actually slowed from 2013 at 0.7% to 0.1% in 2014. The market research industry turnover for 2014 (estimated to be at US$ 43,864 million) owes up to US$ 3195 million of its sum to new figures provided to ESOMAR by the USA for their 2013 turnover, revealing the USA’s 2012 – 2013 growth to be even more significant than previously suggested. Taking this into consideration, between 2013 and 2014, our industry has demonstrated stability. The backdated figures represent a broader market, such as services directly from clients as well as market research analytics, illustrating the importance in taking note of the non-traditional sources expanding the industry. ESOMAR has highlighted this in recent years by collaborating with Outsell to produce a “broader footprint” evaluation of the US market, which proved to be 1.5 times larger than the global traditional market research industry in 2014. (photo: markets)

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Simply Italian Great Wines US Tour

Posted by fidest press agency su venerdì, 23 ottobre 2015

simply italianoIl 26 e 28 ottobre, rispettivamente a Chicago e a San Francisco, torna il Simply Italian Great Wines US Tour, l’atteso appuntamento organizzato da I.E.M. (International Exhibition Management) e I.E.E.M. (International Event & Exhibition Management) rivolto a importatori, canale horeca, esperti e stampa di settore. Oltre ad essere un importate punto d’incontro tra le necessità commerciali delle aziende e le aspettative del trade, le due tappe del Simply Italian US Tour permetteranno alle aziende vinicole partecipanti di acquisire maggiore visibilità in un mercato in grado di offrire molto spazio ai prodotti esteri.
Oltre 70 le aziende italiane presenti, insieme con il Consorzio Tutela Denominazioni Vini Frascati, Consorzio Tutela Lugana, Consorzio Vini di Romagna, Italian Wine & Style Promotion, Piedmont Red & White e Camera di Commercio di Udine, saranno presenti al Hyatt Chicago Magnificent Mile (633 North Saint Clair, Chicago) e al The Fairmont San Francisco (950 Mason Street, San Francisco). Grazie all’importantissima, e ormai consolidata, partnership con Federdoc, è stato organizzato un seminario dal titolo “Traceability & Regulation of Italian D.O.C. Wines. Focus on Frascati D.O.C.G” che si focalizza specificatamente sui vini del Consorzio del Frascati.
Il programma propone incontri B2B, seminari e il classico walkaround tasting.
I B2B vedranno protagoniste le aziende del Consorzio Piedmont Red & White, in entrambe le tappe, in incontri mirati con importatori locali alla costante ricerca di nuove etichette da proporre in un mercato in continua crescita, diversificazione, e costante segmentazione della domanda.
I.E.M. pone da sempre particolare attenzione agli aspetti educativi, inserendo in ogni appuntamento seminari mirati alle produzioni in esposizione, che permetteranno agli operatori di approfondire i vini italiani da Nord a Sud, dalle regioni più affermate e conosciute a quelle emergenti. Proprio per questo motivo sono stati coinvolti relatori particolarmente qualificati e profondi conoscitori del mercato del vino Italiano.
Per Simply Italian US Tour Giammario Villa, docente e Wine Educator presso l’UCLA-Università della California e di Los Angeles, guiderà il seminario del Consorzio Vini Emilia Romagna “Romagna: Albana to Sangiovese, Queen of Grapes, King of Wines”. Geralyn Brostrom, Co-fondatore e Direttore educativo di Italian Wine Central, guiderà quello del Consorzio Italian Wine & Style Promotion, dal titolo “Veneto, Piedmont & Tuscany: The Iconic Image of Italy”. Tom Hyland, giornalista ed esperto del vino italiano di fama internazionale condurrà il seminario “Sardinia an Island to Discover: From its Vineyards to its Surrounding Treasures”.
Simply Italian Great Wines US Tour vedrà inoltre impegnati giornalisti e professionisti di settore in un confronto diretto con le aziende vinicole nel corso del consueto walk-around tasting, e si arricchirà infine del pranzo dedicato al Consorzio Italian Wine & Style Promotion “Lunch Food & Wine Pairing with the Wines of IW&SP”.
“Gli Stati Uniti sono il primo mercato al mondo per importazione di vino – dichiara Marina Nedic managing director di IEM – Nel corso del primo semestre del 2015 l’export tricolore nel mercato statunitense ha registrato un incremento in valore del +16,8% per gli imbottigliati e del +47,3% per gli spumanti, pari a più di 631 milioni di Euro totali. Questi dati (WBN) confermano ancora l’Italia come primo partner commerciale. Attraverso i Simply Italian Great Wines US Tour diamo delle possibilità reali alle aziende vinicole italiane di entrare in contatto con gli operatori commerciali, di consolidare la loro presenza, di partecipare al successo che i nostri vini incontrano tra i consumatori americani”.
I.E.M. è tra le poche realtà italiane esclusivamente orientate a sostenere gli sforzi di internazionalizzazione delle aziende vinicole e, attraverso i suoi tour Simply Italian Great Wines, ne promuove l’introduzione e l’affermazione. In particolare negli USA, vanta ormai da anni una presenza stabile con la propria succursale IEEM e una profonda conoscenza diretta del mercato, degli operatori e delle sue dinamiche. (foto: simply italiano)

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US consumption: Happy Black Friday!

Posted by fidest press agency su domenica, 30 novembre 2014

consumer.480In recent years, US consumer spending has grown less rapidly than the historical norm. Several constraints have weighed on household income in an environment dominated by the correction of past excesses (housing market). Fiscal policy was a particularly strong brake from 2011 to 2013, both directly (tax hike) and indirectly (uncertainty). This constraint seems to have been loosened, while employment conditions are improving sharply. An acceleration in disposable income is thus foreseeable in 2015, and this should be reflected in consumption and growth figures.

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US China cooperation could make major difference to emissions gap – research

Posted by fidest press agency su mercoledì, 22 ottobre 2014

climateBonn. If the US and China were to adopt global best practice in their domestic action on climate, together, the world’s largest emitters could close the 2020 emissions gap by 23%, according to new research.In their latest Climate Action Tracker update, research organisations Climate Analytics, Ecofys and the Pik Potsdam Institute for Climate Impact Research have compared the actions of both China and the US on climate change.
They looked at the actions of both countries in their most energy-intensive sectors: electricity production, industry, buildings and transport, compared them with each other, and also looked at what each country could achieve if it were to adopt global best practice in those areas.“The US and China produce 35 percent of global emissions and have been making efforts to work with each other on climate change. If they scaled up action to adopt the most ambitious policies from across the world, they would both be on the right pathway to keep warming below 2degrees C,” said Bill Hare of Climate Analytics. “This needs to include dramatically reducing their use of coal, in order to achieve the deep decarbonisation needed of getting C02 emissions from coal back to 1990 levels by 2030.”Dr Niklas Höhne, of Ecofys, said the sectoral comparisons for both countries produced results showing there were lessons to be learned by both.“We looked at how well both the US and China would do if they each adopted a ‘best of the two’ practice in electricity production, industry, buildings and transport. We found this, alone, would set them in a better direction,” said Höhne. “They could both learn from each other in most sectors.”If they did this, in relative terms, China could reduce emissions from its current policy projections by 1.2% in 2020 and 20% in 2030 – and 3.2% and 16% for the US. But going for global best practice, together, the two countries would reduce emissions in 2020 by 2.8 GtCO2e/a below current policy projections and thus close 23% of the emissions gap. In 2030, the reductions would be of 6.7 GtCO2e/a, or 10% below the Climate Action Tracker global current policy projections.

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