BSI was acquired by EFG International: the agreement was closed for 1.06 billion francs as announced by the Zurich-based institute, 270 million less than expected and announced in February. The total price is made up of 575 million francs in cash, 86.2 million EFG shares valued at 454 million francs and 31 million francs of AT1 instruments issued by EFG International, as the company reported in a statement.
The US pharmaceutical giant Pfizer has closed the third quarter with results below expectations. The net profit falls 38% to 1.32 billion dollars from the prior year's $2.130 billion while quarterly revenues grew by 7.93% to $ 13.045 billion, the forecast was $ 13.05 billion.
Chinese chemical giant ChemChina has extended the deadline of its offer to purchase the agrochemical group Syngenta Basel, until January 5. The previous deadline was to expire next Tuesday. It is the fourth time that the Chinese group extends its tender offer (Opa): the giant state had already been extended to May its initial offer until July 18 and then to July until 13 September and until September 8th of November.
Ticketcorner and Starticket unite to fight together against the big international competition. The merger agreements were signed in Zurich today by the directions of Ticketcorner Holding and Tamedia, specify the transaction partners in a statement.
Yeo Jiawei, former private banker, went on trial in Singapore on Monday in the first prosecution of suspects linked to a massive international money-laundering scandal centred on Malaysian state fund 1MDB. State prosecutors described the sums involved as “staggering” and said Yeo allegedly pocketed $18.7 million. Yeo, 33, did so through various means, including “illicit” schemes to swindle his own bank, added prosecutors, who accused him of playing a central role in the “most complex, sophisticated and largest” money-laundering case that the Commercial Affairs Department (CAD) has ever come across, as the written statement issued at the trial reported.
General Electric (GE) and Baker Hughes (BHI) will combine to form a $32 billion oil and gas group, the two companies confirmed in a statement Monday. The combination will create the second-largest player in the oilfield services industry in terms of revenue after Schlumberger. The move comes just a few months after Houston-based Baker Hughes’ nearly $35 billion acquisition by Halliburton was nixed by the Justice Department because of anti-competition concerns.
The Swiss National Bank (SNB) recorded in the first three quarters of the year a net profit of 28.7 billion francs. The gold holdings generated a gain of 7.5 billion while foreign currency investments of 20.3 billion. The profit on Swiss franc positions amounted to 1.3 billion. In the same period of 2015 the institute had accumulated a loss of 33.9 billion.
October is over and the next two months will mark the conclusion of this election year but, above all, the end of one of the nastiest presidential campaigns in the U.S. history. A glance at the statistics reveals that the election year is usually favorable to Wall Street, even if not an easy journey most of the times.
The US economy expanded at its fastest pace since 2014 in the Q3 of 2016 amid higher exports and a rise in inventory investment, official data revealed on Friday. The nation’s total economic output expanded at a 2.9% annual rate from July through September, the Commerce Department said Friday. The figure beat analyst expectations and was more than twice the lackluster 1.4% annual rate in the second quarter of the year.
Mark Carney, governor of the Bank of England, could leave the role before the eight-year term, facing down Brexiter critics campaigning for him to resign ahead of time. Mr Carney took over as governor in June 2013 for an eight-year term, but with an option to leave after five years.
Regulierung – seit der Finanzkrise prägt der Ruf nach mehr Kontrolle das Banking: Wegen regulator
Die Fonds-Konferenz der SKSF ist eine wichtige, branchenspezifische Plattform für Wissens- und Erfa
2 evenings to find out about the latest from the digital industry & 2 days to find ideas and to crea
ICDA will return this year to its alpine home for the 38th Bürgenstock Meeting.
The objective of the Conference is to bring together all the diverse stakeholdersinterested in a pol
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