Connect with us

Top Stories

GROWING ITS GLOBAL REACH, RIMON EXPANDS TO ROME

Published

on

GROWING ITS GLOBAL REACH, RIMON EXPANDS TO ROME

Expanding its growing global presence, Rimon Law is now in Rome, Italy through a legal network with Studio LegalePalmieri (“SLP”), which will operate as “Studio LegalePalmieri — RIMÔN Italia.” SLP’s Claudio Palmieri, joining Rimon as Counsel, will act as principal of the Rome office.

Rimon already has offices in sixteen cities in the United States and in Tel Aviv, Israel, and relationships with firms in London, Brussels and Stockholm as part of the Rimon Global Network. Rimon plans to open offices in Mexico City and China next.

The coordinator of Rimon’s efforts in Rome with SLP will be Rimon Partner Stephen Díaz Gavin, who specializes in litigation and telecommunications matters.  He represents foreign corporate clients and foreign sovereigns in litigation and arbitration cases, and advises them in matters before the U.S. Congress, the executive branch and independent agencies. During his career, he has worked extensively for clients in Europe and Latin America.  As coordinator in Rome, Mr. Gavin will work on developing business opportunities for Studio LegalePalmieri — RIMÔN Italia in Europe and before the European Commission. Mr. Gavin will maintain a presence in Rimon’s Washington, D.C. office.

Claudio Palmieri represents clients in general corporate legal matters and negotiating with Italian and European public administrations. His practice is concentrated on public procurement, litigation, food export, and data privacy, as well as state aid and infringement issues involving the European Commission.
Mr. Palmieri has significant governmental experience heavily steeped in European Union legal issues. Prior to going into private practice, he served two years as the legal and institutional affairs representative for Italy’s Calabria Region at its Brussels office. As the region’s key contact person for EU state aid, Mr. Palmieri monitored EU legislative and decision-making that affected the region and guided institutional lobbying. He served as legal counsel on procurement and infringement issues, as well as EU funds and environmental questions. He represented the Calabria Region to such bodies as the European Parliament, the Directorate-Generals of the European Commission, the EU’s Committee of the Regions, the Permanent Representation of Italy to the European Union, and the Conference of Peripheral Maritime Regions.
Prior to that role, Mr. Palmieri served as Office Director in Rome of the Autonomous Organizational Unit Specialized in European Politics for the Calabria Region.

“Our clients need a law firm with an understanding of the international arena, with attorneys who can handle the different permutations of cross-border transactions. We’ve found Rome to be a strong growth area, and one that will help us continue to expand on the global front,” said Michael Moradzadeh, CEO of Rimon. “Claudio is the type of attorney we have always looked for, someone who clients instinctively trust and who has a clear ability to manage all areas of corporate law for individuals and companies looking to do business in Italy and the EU. Working with Stephen Díaz Gavin, Claudio will be of great assistance in expanding our work for European clients.  We are happy to welcome Claudio to our firm.”

“Rimon has established itself as a growing player in the international arena. The firm’s attorneys are regularly brought in to handle complex cross-border deals. I look forward to working with the Rimon team in helping clients navigate the EU and Italian law,” said Mr. Palmieri.

Top Stories

Japan’s jobless rate seen up in January due to COVID-19 emergency measures – Reuters poll

Published

on

Japan's jobless rate seen up in January due to COVID-19 emergency measures - Reuters poll 1

TOKYO (Reuters) – Japan’s jobless rate is expected to have edged up in January as service industry businesses suffered renewed restrictions on movement to fight spread of the coronavirus in some areas, including Tokyo, a Reuters poll of economists showed on Friday.

While industrial production activity picked up in Japan, emergency curbs rolled out last month such as asking restaurants to close early and suspending the national travel campaign hurt the jobs market, analysts said.

The nation’s unemployment rate likely rose 3.0% in January, up from 2.9% in December, the poll of 15 economists found.

The jobs-to-applicants ratio, a gauge of the availability of jobs, was seen at 1.06 in January, unchanged from December, but stayed near September’s seven-year low of 1.03, the poll showed.

“As the impact from the coronavirus pandemic prolongs, it is hard for firms, especially the service sector, to expect their business profits to improve,” said Yusuke Shimoda, senior economist at Japan Research Institute.

“So, their willingness to hire employees appear to be subdued and it is difficult to see the jobs market recovering soon.”

Some analysts also said the government’s steps to support employment and existing labour shortages will likely prevent the jobless rate from worsening sharply.

The government will announce the labour market data at 8:30 a.m. Japan time on Tuesday (2330 GMT Monday).

Analysts expect the economy to contract in the current quarter due to the emergency measures to counter the spread of the disease.

(Reporting by Kaori Kaneko; Editing by Simon Cameron-Moore)

Continue Reading

Top Stories

China’s economy could grow 8-9% this year from low base in 2020 – central bank adviser

Published

on

China's economy could grow 8-9% this year from low base in 2020 - central bank adviser 2

BEIJING (Reuters) – China’s gross domestic product (GDP) could expand 8-9% in 2021 as it continues to rebound from the COVID-19 pandemic, Liu Shijin, a policy adviser to the People’s Bank of China, said on Friday.

This speed of recovery would not mean China has returned to a “high-growth” period, said Liu, as it would be from a low base in 2020, when China’s economy grew 2.3%.

Analysts from HSBC this week forecast that China would grow 8.5% this year, leading the global economic recovery from the pandemic.

If 2020 and 2021’s average GDP growth is around 5%, this would be a “not bad” outcome, said Liu, speaking at an online conference.

China is set to release a government work report on March 5 which typically includes a GDP growth target for the year.

Last year’s report did not include one due to uncertainties caused by the coronavirus. Reuters previously reported that 2021’s report will also not set a target.

(Reporting by Gabriel Crossley and Muyu Xu; Editing by Sam Holmes and Ana Nicolaci da Costa)

Continue Reading

Top Stories

Japan’s January factory output rises for first time in three months, retail sales drop

Published

on

Japan's January factory output rises for first time in three months, retail sales drop 3

By Daniel Leussink

TOKYO (Reuters) – Japan’s industrial output rose for the first time in three months in January thanks to a pickup in global demand, in a welcome sign for an economy still looking to shake off the drag of the coronavirus pandemic.

But retail sales, a key gauge of consumer spending, posted their second straight month of declines in January as emergency measures taken in response to the pandemic hit consumption.

Official data released on Friday showed factory output advanced 4.2% in January, boosted by sharp rises in production of electronic parts and general-purpose machinery, as well as a smaller increase in car output.

“Manufacturers will continue to increase output over the near term as long as there won’t be any big shock,” said Taro Saito, executive research fellow at NLI Research Institute.

While economic growth will likely be negative in the first quarter, the strength in manufacturing would offset the negative impact of a state of emergency at home, which is mainly affecting the services sector, he said.

The rise in output, which followed a 1.0% fall the previous month, was largely in line with a 4.0% gain forecast in a Reuters poll of economists. Manufacturers surveyed by the Ministry of Economy, Trade and Industry (METI) expect output to grow 2.1% in February, followed by a 6.1% decline in March.

The government kept its assessment of industrial production unchanged, saying it was picking up.

Factory output fell in November and December as a rebound in car production ended on sagging global demand, but since then strong demand for tech-making equipment and electronic goods has helped turn the tide.

Still, some analysts worry that Japan’s economic recovery will remain hobbled by weaker conditions at home and as lockdown measures taken around the world to contain the COVID-19 crisis, particularly in Europe, weigh.

The government also released data on Friday showing retail sales fell 2.4% in January compared with the same month a year earlier, in a sign households tightened their purse strings as the coronavirus staged a resurgence.

The fall, which was in line with a 2.6% drop seen by economists in a Reuters poll, was largely due to sharp contractions in general merchandise and fabrics apparel spending. It followed a 0.2% fall in December.

Compared to a month earlier, retail sales in January fell 0.5% on a seasonally adjusted basis for the third straight month of declines. But the pace of decline was slower than in the previous two months.

“We think consumer spending will only fall around 1% quarter-on-quarter this quarter,” said Tom Learmouth, Japan economist at Capital Economics.

“We expect it to rise fairly strongly over the coming quarters as the recovery resumes and is soon given a shot in the arm by vaccines,” he added.

(Reporting by Daniel Leussink; Editing by Sam Holmes and Richard Pullin)

Continue Reading
Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.

Call For Entries

Global Banking and Finance Review Awards Nominations 2021
2021 Awards now open. Click Here to Nominate

Latest Articles

Newsletters with Secrets & Analysis. Subscribe Now