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liquidator:. 960 sites of Imtech bankruptcy affected
13.37 Clock: The insolvent building supplier Imtech Germany acts, according to the temporary administrator with currently at 960 sites. The company employees continued their work to date, informed Peter-Alexander with Borchardt in Hamburg. Many of the subcontractors hired have gone on in the past few days
Yuan turbulence burden markets massively
12.50 clock. After re-devaluation of the Chinese currency yuan are all slipped into negative territory on Wednesday, the Asian stock markets. The decline of the yuan together with a disappointing industrial production in July fueled worries about the state of China’s economy. The composite index Stoxx 600 Asia / Pacific decreased by 1.84 percent to 169.71 points, thus expanding its previous day’s losses. A weaker yuan makes Chinese products abroad more competitive, more expensive but conversely foreign products for Chinese buyers.
The CSI 300 index with the 300 key enterprises from mainland China gave up the close of trading at 1.24 percent to 4016.11 points after. In Shanghai, the leading index fell by 1.06 percent to 3886.32 points.
On the stock market in Hong Kong, at the foreign investors can trade without restrictions, investors withdraw, according to a market participant. Because the yuan devaluation also stocks and bonds would increasingly lose in that currency more attractive, said a broker. The Hang Seng Index traded recently at minus 2.40 percent to 23 911.46 points.
In particular, airline stocks fell sharply. China Southern Airlines stated that any devaluation of the yuan by 1 percentage burdening the net profit to 122 million converted US dollars. The airline must pay off debts in dollars.
The Nikkei 225 index in Tokyo extended its previous day losses also further out and walked with a fall of 1.58 percent to 20 392.77 points from the market. The renewed yuan devaluation expressed mainly the prices of companies down, do business with China.
The Australian ASX 200 benchmark index closed with a loss of 1.67 percent to 5382.08 points. The Australian dollar plummeted to a six-year low in the wake of the Yuan devaluation. For the Indian Sensex index went last by 0.43 percent to 7745.99 points 27 down.
Europeans bring BMW sales record
11.43 Clock: Thanks to significantly higher demand in Europe has BMW in July as many cars as never sold – even though sales continues to shrink in China. Worldwide deliveries increasing by 5.6 percent to around 173,200 cars of the BMW, Mini and Rolls-Royce. Sales director Ian Robertson remarked in Munich “confident that the positive trend in sales the first seven months will continue as the year progresses” on Wednesday.
In China, sales in July dropped significantly by six percent to 34,600 vehicles – even more than in May and June. In the first seven months in China therefore remained only a slight growth of 1.3 percent. Similarly high were the total sales in the US: They grew YTD by eight percent to 231,000 cars
Cabinet adopted the second stage of the care reform
11.11 clock. The Federal Cabinet has approved the second stage of the reform of health care Minister Hermann Gröhe (CDU). The second Maintenance Support Act aims to improve the range of services for patients and caregivers.
The focal point is a new care concept, the dementia patients are entitled to the same benefits as grants people with physical impairments. At the same time the previous three levels of care should be extended to five care levels in order to better reflect the care needs of each individual.
Earlier this year came the first Care Support Act in force. With both reforms is an increase in the contribution linked to long-term care – at 2.05 percent to 2.55 by 2017. Both increases bring together around five billion euros for additional services.
Video: How To Read professionals the future of market prices
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