News

09.02.2017

The Business Blockchain by William Mougayar - Review

There is one force, today, that can be compared to that of a typhoon in terms of change. It is, according to William Mougayar, as important in shaping the future to come to what the World Wide Web has been in 1995. Mougayar wrote about this technology in his book The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology, with a foreword by Vitalik Buterin, and published by John Wiley & Sons P&T.

 
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09.02.2017

Switzerland: unemployment changed trend in January

Swiss unemployment rose in January to 3.7%, compared with 3.5% in December. This was stated this morning by the State Secretariat for Economic Affairs (SECO), according to which in late January the amount of unemployed people registered at the regional offices of placement was 164'466 , 5'094 more than in the previous month and 822 more than in January 2016 . Among young people (15-24 years) the number of unemployed increased by 566 units (+ 2.9%) to reach a total of 19'782, which still corresponds to 1,398 persons less (-6, 6%) compared to 12 months ago. People who are looking for employment were 226'861, 3'448 more compared with December and 4'110 more with January 2016).

 
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09.02.2017

Zurich Insurance beats forecasts after a turbolent year

Zurich Insurance on Thursday posted a 74% jump in full-year net earnings as its core general insurance business rebounded under new chief executive Mario Greco. The Swiss insurer increased net profit for the year to $3.211 billion, just short of the average estimate of $3.315 billion in a Reuters poll of 11 analysts. Fourth quarter profit climbed to $685 million, after a $424 million loss in the same quarter the previous year.

 
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08.02.2017

EU to create Single Digital Market, easing border restrictions

The European Union agreed Tuesday on new rules allowing subscribers of online services, as Netflix or Amazon Prime, in one E.U. country access to them while traveling in another.  The new “portability” ruling is the first step of regulation under a drive by the European Commission to introduce a single digital market in Europe. Announced in May 2015 on the cusp of the Cannes Film Festival, the proposed Digital Single Market was met with full-throated opposition from Europe’s movie and TV industry, which viewed it as a threat to its territory-by-territory licensing of movies and TV shows. 

 
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08.02.2017

Fake 5 Swiss franc coins on web shop platform

The Swiss 5 francs coin can be purchased on the sales platform Aliexpress, belonging to the Chinese group Alibaba, paying only $ 1.99 (about 2 francs). The retailer specifies on its website that it is fake money. However, it is sent free of customs duties, may also be received in Switzerland, without being subject to border checks. These are coins that are intended for collectors and being their illegal use, anyone did it, would risk to be charged.

 
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08.02.2017

India's economy will overtake US by 2040

The global economic order is expected to shift from advanced to emerging economies over the next few decades, and by 2040 India could edge past the US to become the world's second largest economy in purchasing power parity (PPP) terms, consulting firm PwC said in a new report titled “The World in 2050.”  The report, called "The long view: how will the global economic order change by 2050?," ranked 32 countries, based on their projected Gross Domestic Product by Purchasing Power Parity (PPP).

 
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08.02.2017

Lastminute.com flies over Italy to sign a deal

Lastminute.com strengthens its presence in Italy by signing agreement with Travel Holding to acquire Gartour, an italian leading incoming tour operator. The latter, according to the agreements made by the parties, will continue its activities under a renewable contract of lease for a period of twelve months, before passing definitively under Lastminute.com. Gartour currently employs about 130 people for a turnover of €35 million in 2016.

 
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08.02.2017

Syngenta CEO confident ChemChina takeover closing within Q2

Swiss pesticides and seeds group Syngenta reported 2016 earnings before interest, tax, depreciation and amortisation (EBITDA) of $2.66 billion on sales of $12.79 billion. Analysts polled by Reuters had on average expected EBITDA to fall 5.9 percent to $2.61 billion on sales down 4.2 percent to $12.85 billion. They had expected it to boost its dividend to 11.60 Swiss francs from 11.00

 
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07.02.2017

Sell high now (by W. Snyder)

The last Newsletter predicted the arrival of the Renminbi in grand style and the penultimate number underlined the bond rout and the fact that the US Dollar is overvalued. The huge American national debt has been repeatedly mentioned as well as the enormous US trade deficit.

 
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07.02.2017

SNB: foreign exchange reserves dropped, second month in a row

The foreign exchange reserves held by the Swiss National Bank (SNB) fell slightly in January, down from 1.6 billion to 643.7 billion, compared with the December figure of 645.3 billion. This is the second consecutive decline, after eight months on the rise. The set of reserves, excluding gold, increased 651.1 bn to 649.4 bn swiss francs, as the institute said today. In December, foreign exchange reserves had contracted in a similar manner, to 2.4 billion. Also last February the reserves recorded a decline (-4 billion), while in the other months of 2016 there had been an increase, even double-digit in January (+16 billion), April (+11), May (+14) , August (+11) and November (+18).

 
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Events


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    Two years after two historic global agreements were established, leaders and other change agents in

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    Im September haben die Schweizer Stimmbürger die „Altersreform 2020“ des Bundesrates abgelehnt.

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    The 2017 symposium, with the theme "Successfully crossing borders", will have a strong focus on the

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    Dieser Event ist ausschliesslich für Pensionskassenvertreter (Stiftungsräte, CEOs, Anlageverantwor

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    Nach Jahren des geldpolitischen Experimentierens sind die Finanzmärkte so verzerrt wie selten zuvor

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