News

04.05.2017

Facebook recorded strong Q1 surprising investors

Facebook had another strong quarter, beating estimates to start 2017. Revenue in the first quarter climbed 49% to $8 billion, which was significantly higher than most analysts expected, and net income was $3 billion or $1.04 per share, compared with consensus estimates of just 87 cents. It earned that from 1.94 billion users, up from 1.86 billion last quarter, growing at a faster 4.3% compared to 3.91% last quarter. Facebook said in its last quarterly update that it expects to see its advertising growth rate "come down meaningfully" in 2017 as it stops adding more advertising to the news feed.

 
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04.05.2017

The Dollar Crash (by W. Snyder)

President Donald Trump has had experience with bankruptcy. This will prove to be useful as his tax plan, if approved by Congress, will push the US ever closer to financial disaster.

 
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04.05.2017

Deutsche Bank welcomes the largest shareholder, Chinese HNA firm

Chinese conglomerate HNA Group has become Deutsche Bank AG's largest shareholder after increasing its stake in the German lender to almost 10%, according to a filing made by asset manager C-Quadrat and other entities. It took HNA's stake to 9.92%, following an initial stake of 4.76%, which it had earlier secured through C-Quadrat. The acquisition of a significant stake in a pillar of European finance is another example of China's growing global influence. Last year, Chinese firms announced around $220 billion worth of deals for foreign companies, far more than any previous year. HNA's increased stake in Deutsche Bank makes it the lender's largest shareholder, ahead of members of Qatar's royal family and U.S. money manager BlackRock, according to public filings.

 
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04.05.2017

EFG completed BSI integration

EFG International completed the integration of Ticino's private bank BSI, the bank it bought last year, according to a statement today. With the transaction, BSI (Europe) was renamed into EFG Bank (Luxembourg). The company henceforth will use the EFG brand only. In Switzerland, almost all branches and offices have already been rebranded with the new logo. The rebranding of global locations will follow regional timelines. 

 
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04.05.2017

PitPat: the smartest gadgets dedicated to pets.

Even when the economy seems to slow down, there are two fields in which people keep spending: kids and pets.

 
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04.05.2017

MUSIC TECH STARTUPS: Moodelizer aims to transform music into a new dynamic media

Carl-Michael Herlöfsson, founder and CTO of Moodelizer, explains in this interview the new technology his company developed and how it can be applied to more products. Here is a tutorial to understand how the app works.  At the moment you have two products, a studio version directed to professionals besides the app? «There is a free version of the studio with limited themes, but besides that it’s a subscription service. If you work with Final Cut or other products you export your edits and then get a customized soundtrack that you can insert into the timeline of your editing software. It’s a deceivingly simple interface that allows to do very powerful things.

 
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03.05.2017

Mattias Martinsson (Tundra Fonder AB) about Frontier Markets

Mattias Martinsson is Chief Investment Officer and partner of Tundra Fonder AB explains what is particular about Frontier Markets

 
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03.05.2017

Bilur the new virtual currency aims to bitcoin

A new virtual currency launched yesterday aims to rival industry leader Bitcoin by pegging its value to hard oil assets, a first in the rapidly growing digital money sector. The currency called “bilur” and created by London-based financial services company R Fintech uses the technology pioneered by Bitcoin, while trying to offer an alternative for those weary of the wild fluctuations that have plagued digital currencies. The name "bilur" is the Basque language word for "chain", a nod to blockchain technology, the company said.

 
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03.05.2017

Switzerland: frontier workers increased yet in 2017

In Switzerland, frontier workers are 317,821, up 2.8% compared with the same period in 2016, down 0.2% on the previous quarter. Workers from borders increased in Ticino by 0.5% over the last three months of 2016. In the first quarter, the frontiers registered by the Federal Statistical Office were 64'670, up by 3.6 % in a year. The most significant growth, by 6.5% (1,908) was recorded by primary sector, although the largest number of jobs are in the service sector with a 4.1% increase and 207,830 people, followed by the secondary, slightly up 0.3% and 108'082 people occupied in the branch.

 
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03.05.2017

Swisscom Q1 beats estimation while revenues drop

Swisscom reports revenues of CHF 2.83 billion for the first quarter of this year, down by 1.9 percent compared with the same period in 2016. The revenue decrease is caused by strong pressure on prices and increasing market saturation. In Q1 Swisscom revenue from telecommunications services fell by CHF 37 million (-2.2%). Around 50 percent of this decrease in revenue was the result of a decline in subscribers in fixed-line telephony, while the other 50 percent was due to price reductions, including roaming, and a decline in corporate business. 

 
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    The caspian week conference is a meeting point of visionaries, market leaders and experts with the f

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    The climate transition creates opportunities and risks, and financial institutions and corporations

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    Seit über 30 Jahren ist die ZfU International Business School Gastgeber für die angesehensten Inve

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    Over 150 Fintechs CEOs from all over the world will be in both panels & interviews and on this stage

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    From 2018 onwards, Switzerland’s financial fair will only be open to professional investors. This

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