Russia has offered Switzerland to sign an agreement in collaboration in the sphere of customs, Ruslan Davydov, first deputy director of Russia’s Federal Customs Service told TASS on Saturday, on the sidelines of a conference of the World Customs Organization, which took place in Vienna on April 19-21. The event was attended by representatives of 51 nations and the EU. Russia has become a member of WCO in 1992, as a legal successor to the USSR.
Switzerland's central bank posted a profit of 7.9 billion Swiss francs ($7.95 billion) in the first quarter, it said Thursday, boosted by gains from the huge foreign currency reserves built up during its long campaign to weaken the Swiss franc. The Swiss National Bank made a profit of 5.3 billion francs on its foreign currency holdings that rose to 683.18 billion francs at the end of March, a figure larger than Swiss GDP. The bank also made a profit of 2.2 billion francs from a valuation gain on the gold it holds, and 466.4 million francs from negative interest rates it has charged on the sight deposit accounts it holds for commercial banks. The SNB is not required to make a profit, with its main mandate to ensure price stability in Switzerland defined as annual inflation of under 2 percent. But a portion of any profit it does make is distributed to the Swiss government and the country's 26 cantons.
UBS delivered very strong first-quarter results with an adjusted profit before tax of CHF 1,934m, up 42% year on year. Adjusted operating income increased 8%, driven by the Investment Bank, Wealth Management Americas and Wealth Management, and the firm continued to make progress on its net cost reduction program. Despite facing a variety of market conditions and client activity levels, all business divisions and regions contributed to the improvement in performance. Reported pre-tax profit was up 73% year on year to CHF 1,690m. Net profit attributable to shareholders was CHF 1,269m, up 79% year on year, with diluted earnings per share of CHF 0.33. Group annualized adjusted1 return on tangible equity was 12.6%, or 17.4% excluding DTA.
Reporters Without Borders (RWB) released its annual 2017 World Press Freedom Index which revealed Switzerland is still one of the world's top ten countries. The annual Index is produced by Reporters without Borders (RWB), a French-based, international non-profit organization. The Index underlined the Swiss government’s current debate over the mandate of the Swiss Broadcasting Corporation (SRG-SSR) and the future of Billag, the licence paid by the public. A potential 2018 referendum could see the end of Billag and therefore the end of SRG-SSR, it said.
Uber wants to launch a system of flying cars to move people around cities, with a goal of putting demonstration projects in place by 2020. "I hate that term (flying car), but we'll have to live with it," the company's chief product officer, Jeff Holden, said at the Uber Elevate Summit in Dallas. The vision was published in a 99-page white paper last year. The ride-sharing giant announced a series of partnerships to manufacture “vertical takeoff and landing” (VTOL) vehicles and put networks in place, a system dubbed Uber Elevate.
The way shops advertise different types of food can have a big impact on the quality of your diet , according to a new RAND Corporation research, a US nonprofit institution. Studying people who live in areas considered to be food deserts, researchers found that more frequent shopping at convenience and neighborhood stores and being younger, male, without a college degree and receiving government food assistance were associated with greater intake of sugar-sweetened beverages, added sugars and discretionary fats. Being older, male and having a college degree were associated with eating more fruits and vegetables.
Continuous asset building requires a systematic concept of proven strategies that together form a trading system. In bullish market phases, we add to the portfolio high-quality equities, which have stable trends, while as few market profits as possible in bear market phases. We show you two profitable core strategies, based on a proven Relative Strength concept with an optimized trend filter in the equity sector. From numerous strategies we have made a selection and combined them into a trading system. This concept of asset building is referred to as "World Wide Stock" trading system, WWA for short. Only a predefined selection of international equities is traded. The entry and exit signals provide individual strategies. In this article, we will present the two main SIMA and SAKIR strategies and will present the underlying rules. Apart from these two Long-Strategies, the complete WWA trading system also consists of four other Short-Strategies. Each strategy is profitable.
Switzerland's private consumption growth continued to remain around its long-term average, survey data from the UBS investment bank showed Wednesday. The UBS Consumption Indicator stood at 1.50 in March, and the February figure was revised downwards slightly to 1.45. Following strong growth at the beginning of the year (5.5%), domestic tourism fell by 0.8% in February compared with the same month in the previous year. Consumption was driven by solid automotive demand: new car registrations grew 4.8%.
Airbitz, a San Diego-based bitcoin wallet and data security company, has announced a partnership with Bity, a Swiss bitcoin exchange that allows users to buy and sell cryptocurrencies with Euros and Swiss Francs. Bity will be a plug-in application inside the Airbitz Wallet allowing Airbitz users to buy and sell bitcoin with Euros and Swiss Francs. Airbitz has only had buy/sell bitcoin capabilities for its users with US bank accounts but this plug-in allows those with European bank accounts to buy through the Airbitz Wallet easily, cheaply, and securely.
The caspian week conference is a meeting point of visionaries, market leaders and experts with the f
The climate transition creates opportunities and risks, and financial institutions and corporations
Seit über 30 Jahren ist die ZfU International Business School Gastgeber für die angesehensten Inve
Over 150 Fintechs CEOs from all over the world will be in both panels & interviews and on this stage
From 2018 onwards, Switzerland’s financial fair will only be open to professional investors. This
Updates and news from MarketPlus