Shares of bilfinger in the red after delivering its fifth profit warning while tapping a new ceo. Facebook fails to find a friend and the stronger dollar as it posts the slowest Revenue Growth in two years and warns from a hit from the green back in the Second Quarter. Lets get to the pmi data for april right away. Came in at 53. 5 versus 54 the month of march and versus 54. 4 in the forecast so this is slightly below expectations and this follows the french and the german numbers which were also a little bit disappointing. Growth seems to be losing some steam in the euro zone. If we take a look at the manufacturing pmi for the month of april, the flash number 51. 9 versus 52. 2 in the month of march. Now that is also below forecast. Were looking for a print of 52. 6. Last but not least i do want to bring you the services pmi. The flash for the month of april, 53. 7. Once again, that is below forecast. Lets get some instant reaction to these numbers with the chief european economist. A
Early conclusion of the tpp. Furthermore, on the aiib aiib in asia theres a tremendous demand for infrastructure. And the Financial System to respond to this is very important. On this recognition we see eye to eye 2009 china and myself and i think this is a point on which we see eye to eye between many countries. For japan to participate in the aiib is a decision which we have not taken yet. But to create such an enormous financial institution. And since this will have an enormous impact on Asian Countries as fair governance is necessary of the institution. In particular the board to review individual projects and to approve of this is indispensable. And sustainability. And the environment and society. And the impact of this should be considered. We need to secure this. Its not only about the lenders, but the borrowing nation zs. For example, various Infrastructure Projects may not be sustainable. It might have too much of a burden on the environment. If this is the case this will bri
District and financing issuance, bond sizing and structuring and bond pricing. Our municipal Financial Advisor also helps staff in formulating financing and strategy and plans and Capital Planning and development agreements. At the conclusion of my presentation on the contract award process, the ports Deputy Director of finances and administration will provide additional detail on work and upcoming assignments for this contract. The Contract Monitoring Division set an lbe contract going of 20 . The ports current 2year operating budget includes 140,000 per year for municipal Financial Advisory services. Any Program Funding i dont know fiscal year 1516 is subject to future appropriations and as i said before its not to exceed 140,000. The contract for 2 years, extending to 420,000 extended to 5 years to 700,000. To provide services through informal solicitation process for an established pool of qualified firms. On december 2nd, we received four proposals all of them at the rfps minimum
That . And sea wag. If i may, there is a lot of issues and follow up on this lease. There is commitment from bae to restore the two buildings that we have to monitor. We have worked closely with sea wag and to maintain this relationship that was articulated with the power craft. There is an agreement itself and the community itself to maintain. If you like, we can come back to the commission and update you on the regular basis to update you on how the progress is going. That would be great. We have a lease on what are called deliverables. We will be monitoring during the term of the lease. Great, thank you. Any other comments . If not, all in favor say, aye. Aye. Any opposed . Abstentions, resolution 1511 passes. Next item. Item 12. Request for authorization to award a professional Services Contract for municipal Financial Advisory services to Public Financial Management for a term of 3 years with an option to extend for 2 years with a not to exceed amount of 140,000 annually 2 years w