The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
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EBay’s results solid, but E-Commerce giant’s forecast for the rest of year falls short of expectations

EBay Inc. on Wednesday reported a third-quarter profit that rose 15% from the same period a year ago,but the e-commerce giant’s shares fell in after-hours trading due to a weaker-than-expected forecast for the remainder of the year
EBay reported a profit of $689 million, or 53 cents a share, on revenue of $3.9 billion, compared with earnings of $597 million, or 45 cents a share, on $3.4 billion in sales in the year-ago quarter
Excluding one-time items, eBay would have earned 64 cents a share
The results were consistent with the estimates of analysts surveyed by FactSet, who forecast eBay to earn 63 cents a share on revenue of $3.9 billion
However, eBay’s shares fell as much as 5% in after-hours trading, as the company forecast a fourth-quarter profit, excluding one-time items, of 79 cents to 81 cents a share, on revenue in a range of $4.5 billion to $4.6 billion
That outlook fell short of analysts’ expectations for a profit of 83 cents a share on $4.64 billion in sales
In a statement, eBay said its forecast assumes that the company’s recently announced $800 million acquisition of payments-technology company Braintree will close during the quarter
It also took some of the shine off of what was a generally upbeat third quarter for eBay
The company said its main Marketplaces business saw revenue rise 12%, to $2 billion, and ad 3.9 million active users in the quarter
Gross marketplace volume, not including automobiles, was up 12%, to $18 billion
EBay’s PayPal payments business also put in a good performance, with revenue rising 19%, to $1.6 million
Total payment volume of PayPal transactions climbed 25% in the quarter, to $44 billion
PayPal also added 5 million active registered accounts during the quarter, to give it 137 million such account.

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