Harvard Business Review has released its annual list of the 100 best-performing CEOs and this year’s top performer is Pablo Isla, head of Spanish retailer Inditex, best known for its flagship fashion brand Zara. “We think it’s important to recognize leaders who are delivering strong financial performance and creating sustainable businesses over the long term – not just quarter to quarter,” said HBR Editor in Chief Adi Ignatius.
An Air Berlin flight was grounded in Reykjavik over the airline's unpaid airport charges. The Icelandic aviation authority would not allow the plane to take off without paying its bills. Cash-strapped Air Berlin, one of Germany’s largest airlines, filed for insolvency in August after shareholder Etihad announced it would no longer be providing financial support. A €210 million ($247 million) bid by Lufthansa to buy the airline was accepted last week.
The seven-floor home, located at the St. Moritz ski resort in Switzerland, was "designed to make a billionaire's jaw drop," listing agent Senada Adzem of Douglas Elliman Real Estate told "Secret Lives of the Super Rich." And within the resort sits the most expensive house for sale in the country, on the market for $185 million. As featured on a recent episode of CNBC's "Secret Lives of the Super Rich," the lavish home includes everything from a hidden library to an underground lake.
A former currency trader at HSBC faces up to 20 years in federal prison after being found guilty of executing trades in a way that drove up costs for a client. Mark Johnson, who was HSBC's head of global cash foreign exchange trading, has been found guilty of defrauding Cairn Energy over a $3.5bn (£2.7bn) client order, following a month-long trial in NY. Prosecutor Carol Sipperly asked the court to order Johnson to surrender his passport and remain in New York. The judge ordered that he not seek a new passport from British authorities.
Novartis’s third-quarter core net income rose 4 percent at constant currencies, beating analyst expectations, as the Swiss drugmaker said it made “significant progress” in preparing its Alcon eyecare unit for a possible spinoff by the first half of 2019. For fiscal 2017, the company continues to expects net sales to be broadly in line with prior year and core operating income to be broadly in line or decline low single digit, both at constant currency rates.
In a recent briefing Janet Yellen seems to have declared that she was surprised that inflation has been so low. Official statistics put inflation at 1.3% on an annual basis, far below the magical 2% that is supposed to be the be all and end all of Fed aspirations for northward heading prices.
The Bitcoin price (BTC/USD) broke through the $6,000 on Saturday, setting a new record high of $6,194.88, according to Coinmarketcap. The price increase allowed Bitcoin’s market capitalisation to exceed $100 billion for the first time. Bitcoin has since then retreated to lower levels and is currently trading in the low $5,900. Bitcoin initially breached the $6,000 threshold Friday morning at only one exchange, Hong Kong-based Bitfinex, where investors can buy and sell cryptocurrencies such as Bitcoin and Ethereum. After remaining just a few dollars shy of the mark at other digital currency exchanges such as Coinbase, which is headquartered in San Francisco, Bitcoin officially crossed the milestone on all trading venues just as U.S. stock markets closed Friday.
Just days after Gilead and its new subsidiary Kite won a groundbreaking FDA approval for their CAR-T therapy Yescarta for B-cell lymphomas, Lausanne, ADC Therapeutics (ADCT), an oncology drug discovery and development company that specializes in the development of proprietary Antibody Drug Conjugates (ADCs) targeting major cancers, announced that it has raised $200 million through a private placement. The financing was oversubscribed and supported by both existing and new investors, including Auven Therapeutics, Redmile, the Wild Family Office and AstraZeneca.
The gender pay gap refers to the difference in pay between men and women are paid for doing exactly the same job. In most cases, women are paid less tha their male counterparts. Women in the UK stop being paid on 15th October whereas the average cut off date for Europe is 30th October. According to Eurostat, the gap between male and female salaries in the UK is 20 per cent. The disparity means that by 16 October men have already been paid the amount it would take a woman doing the same job a whole year to earn.
The world of hedge funds is often a cut throat one, where manipulation is often considered just a part of the game. But a new study shows that the most aggressive, ruthless traders actually do worse than the ones who try a little tenderness. The study, found in the latest issue of Personality & Social Psychology Bulletin, finds that hedge fund managers who exhibit ‘psychotic’ behavior (defined by healthcare professionals as someone who acts in a manipulative fashion for personal gain) had the worst investment records.
The Lantern Fund Forum is one of the most important event focused on Asset Management, Investment To
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Der SWISS FUND DAY ist eine Initiative, welche im Jahr 2006 von verschiedenen Vertretern der Fonds-
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