News

17.10.2016

Switzerland: confidence towards banks to decrease

The Swiss have less and less confidence in the banking sector, although they are satisfied with the individual institution with which they are dealing, according to a study released today by consulting firm EY. In fact, 30% of 1,533 surveyed customers in Switzerland between January and April claims to have less confidence in the banking sector compared to twelve months earlier. The 11% has by contrast greater esteem, while 59% did not detect changes.

 
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17.10.2016

Portugal chose anti-austerity line to raise pensions

Portugal will introduce a tax on real estate fortunes above € 600,000 ($661,000) in 2017 to help pay for pensions, the government has said. The measure was introduced by Prime Minister Antonio Costa's in draft budget for 2017. He explained the property tax income would be used to sustain Portugal’s social payments – everything from pensions to the health service to family benefits.

 
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17.10.2016

US retail sales: moderate pace in September

US retail sales rose more than expected last month, official data revealed on Friday. The Commerce Department says retail sales rose 0.6% in September, a rebound after sales slipped 0.2% in August. During the first nine months of the year, retail sales have increased 2.9% compared with 2015.

 
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14.10.2016

Bank of England can allow inflation to rise

Bank of England is willing to tolerate above-target inflation to support growth and employment after 'Brexit', Governor Mark Carney said Friday. "Our job is not to target the exchange rate, our job is to target inflation," he said during a public meeting in Nottingham.

 
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14.10.2016

JPMorgan set unexpected Q3 earnings

JPMorgan reported earnings per share of $1.58 on adjusted revenue of $24.67 billion in third-quarter, beating estimates. Analysts were expecting adjusted earnings per share of $1.39 on revenue of $24.25 billion, according to Bloomberg. "We delivered strong results this quarter with each of our businesses performing well," CEO Jamie Dimon said in a statement. JPMorgan's stock rose 1.4 percent in pre-market trading. The surprising result was propelled by investment bank; revenue in the unit came in at $9.46 billion due to the bank's bond trading desks, where revenue rose 48% from a year earlier. Lending revenue was $283 million, down 15%. 

 
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14.10.2016

Nine trends in the diamond industry

The just-released De Beers 2016 Insight Report forecasts nine dominant features and trends that are likely to influence the international diamond business, not just moving ahead into 2017, but for several years beyond. How they interact with one another, and how the industry responds, is likely to dictate results and prices through to the next decade.

 
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14.10.2016

Samsung's failure may hit South Korea's GDP

Samsung Electronics said on Friday it expected to take a hit of about 3.5 trillion won ($3.1 billion) to its operating profit over the next two quarters from the fallout of its bungled Galaxy Note 7 recall. The negative impact will not shock otherwise the Korean company that focuses on the sales of other handsets to cushion the failure of Galaxy Note 7.

 
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14.10.2016

Société Générale Private Banking Suisse cuts 80 jobs

Societe Generale Private Banking Suisse intends to cut 80 jobs in Geneva sites, Lausanne and Zurich, it said in a statement on Thursday, confirming a commercial broadcaster news released La Télé. "The private banking activity of Societe Generale in Switzerland is considering reducing its workforce and has just started a consultation period so as to support its employees through this development", explained the statement.

 
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14.10.2016

US jobless claims hit 84th consecutive weeks below 300K

The number of Americans filing for unemployment benefits remained at its 43-year low last week, official figures showed on Thursday. According to the US Department of Labor, initial jobless claims held at a seasonally adjusted 246,000 in the week ended October 8, while market analysts anticipated a slight increase to 252,000 during the reported period.  The preceding week's figure was revised down to 246,000 from the originally reported reading of 249,000. It was the 84th consecutive week of initial claims remaining below the 300,000 level, the longest streak since 1973.

 
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13.10.2016

Hard Brexit may cause Scotland independence referendum

Scotland will push for a second independence referendum if Tory Prime Minister Theresa May follows through with plans to take the UK out of the single market in a ‘hard Brexit,’ First Minister Nicola Sturgeon said Thursday. Speaking at the SNP’s three-day annual conference, Sturgeon argued the Tories have no democratic mandate for a ‘hard Brexit,’ which would see a severe crackdown on EU immigration and a departure from the single market.

 
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Events


Semptember 2015
  • 23
    Aug

    Regulierung – seit der Finanzkrise prägt der Ruf nach mehr Kontrolle das Banking: Wegen regulator

  • 24
    Aug

    Die Fonds-Konferenz der SKSF ist eine wichtige, branchenspezifische Plattform für Wissens- und Erfa

  • 02
    Sep

    2 evenings to find out about the latest from the digital industry & 2 days to find ideas and to crea

  • 11
    Sep

    ICDA will return this year to its alpine home for the 38th Bürgenstock Meeting.

  • 12
    Sep

    The objective of the Conference is to bring together all the diverse stakeholdersinterested in a pol

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