News

10.03.2017

China: green light for over 30 Trump's trademarks

China has granted preliminary approval for 31 Trump trademarks for businesses ranging from hotels and spas to animal training and weather forecasting, reopening a debate about the potential for conflicts of interest under his presidency. Democrats in Congress were critical of Trump after The Associated Press reported Wednesday that the potentially valuable trademarks had been granted, raising questions of conflict of interest and political favoritism. One senator said the issue "merits investigation." There were also seven trademark applications that were rejected.

 
Read More
10.03.2017

Technical analysis : Gold reaches possible long tem trend line

During the early hours of Thursday's trading session the yellow metal's price slipped even further lower, as the price reached below the 1,205 level. However, the bullion managed to find support in a speculative and before the recent moves unconfirmed long term lower trend line of a large scale ascending channel pattern. Due to that reason traders should look at whether a proper rebound occurs, as from the upside there is a strong resistance cluster, which could keep the commodity price lower in the future sessions.  

 
Read More
10.03.2017

Luxury goods via Whatsapp, the new easy shopping way to buy

Online luxury retailer Yoox Net-a-Porter said it’s developing technology to allow well-to-do customers to buy products directly through WhatsApp as the e-commerce market for Prada and Versace goods becomes more competitive. As the Independent reported, the platform’s personal shoppers already message clients on the Facebook-owned service and Chief Executive Federico Marchetti says that the Milan-based company plans to expand its use of the app but did not set a date for the launch of the feature.

 
Read More
10.03.2017

UBS cuts 2016 compensations, including for its CEO Ermotti

UBS published its Annual Report 2016 providing detailed information, showing that it lowered the total pay for its chief executive Sergio Ermotti in 2016, a year in which the bank's net profit was cut nearly in half compared with a year earlier. Zurich-based UBS said on Friday that total compensation for CEO fell to 13.7 million Swiss francs ($13.5 million) in 2016 from 14.3 million francs a year earlier. Mr. Ermotti's base salary remained unchanged at 2.5 million francs, according to a public filing, and he received a smaller bonus compared with 2015.  Overall, UBS decreased its 2016 bonus pool by 17% compared with the year before, to 2.9 billion francs.

 
Read More
09.03.2017

Self-driving car: Uber's project coming soon

Uber Technologies’ self-driving cars could be returning to California soon after state authorities permitted the company to test the vehicles. The ride-hailing company is now listed by the California Department of Motor Vehicles as one of over 20 companies, including Waymo, Tesla and Baidu,  that have been issued autonomous vehicle testing permits as of Wednesday. Uber received a permit to test two Volvo SUVs on public roads, the California Department of Motor Vehicles said. Regulators also approved 48 people as backup drivers who must sit behind the wheel in case the prototype cars malfunction, according to agency spokeswoman Jessica Gonzalez.

 
Read More
09.03.2017

Swiss unemployment will decline, government says

The headline Swiss unemployment rate declined to 3.6% for February from 3.7% the previous month. The rate was unchanged from the 3.6% recorded in February 2016. The seasonally-adjusted rate was unchanged at 3.3% for the month and there has been no change in the adjusted rate for nine months. Youth unemployment, which applies to the 15 to 24 age group, declined 6.7% on the year which will help boost confidence in the labour market. The stock of vacancies declined significantly on the month, although there was still a small 0.3% increase on the year and there was a significant increase in new reported vacancies on the month which is also an encouraging sign.

 
Read More
09.03.2017

Credit Suisse: executive under investigation over insider trading in Taiwan

A senior executive at Credit Suisse Taiwan Elsa Chiu and her husband were released on bail early Wednesday after being interrogate about alleged insider trading in the takeover of Hermes Microvision by ASML of the Netherlands, Taipei District Prosecutors Office spokesman Chang Chieh-Chin told Reuters. "During the merger and acquisition activities, there were some trading irregularities, and the stock exchange regulator detected this irregular trading," said Chang, who is also a deputy chief prosecutor.

 
Read More
09.03.2017

Americans travel to Swiss Alps

More Americans are traveling to Switzerland, visiting cities and mountain regions alike. U.S. arrivals and overnights increased again in 2016 compared to the previous year. For the seventh consecutive year, there has been an increase, showing total growth of more than 30% since 2009. Last year the Alpine country welcomed 854.687 americans tourists. The number of overnight hotel stays by US visitors also grew in 2016 to 1.84 million, a 5.5% increase from 2015. “Switzerland is the best country in the world, according to a recent study by U.S. News &World Report. This will hopefully motivate even more Americans to find their way – or their way back – to Switzerland,“ said Alex Herrmann, Director Americas, Switzerland Tourism.

 
Read More
09.03.2017

Philanthropy and its importance for Finance: an interview with Professor Francesco Schurr

Liechtenstein will host today the Finance Forum where one of the topics covered will be Philanthropy. The University of Liechtenstein will be part of the conference, as explained by professor Francesco Schurr, Chair of Company, Foundation and Trust Law.  «Banks and finance institutes are facing far-reaching upheavals such as strict regulations or low interest rates etc. What conditions are needed for the financial centre of Liechtenstein to continue its excellent services? Who is going to be the future target group? The topics of this year’s event include a broad range and cover themes like the digitalization of the financial centre, philanthropy, investment decision, data security and data protection. Of central importance is the question, how to push the growth of the financial centre Liechtenstein. International experts will discuss those topics from different perspectives and will define common goals for national activities».

 
Read More
09.03.2017

Italy: flat tax to attract rich foreigners

The Italian inland revenue service, L'Agenzia delle Entrate, on Wednesday applied a new flat tax aimed at attracting wealthy foreigners to Italy in a bid to compete with similar incentives offered in Britain and Spain, which have successfully attracted a slew of rich footballers and entertainers. The new flat rate tax of €100,000 a year will apply to all worldwide income for foreigners who declare Italy to be their residency for tax purposes. The measure, proposed in Italy's 2017 budget, is expected to immediately draw in at least a thousand people, according to local media.

 
Read More




Events


Semptember 2015
  • 22
    Jan

    The caspian week conference is a meeting point of visionaries, market leaders and experts with the f

  • 22
    Jan

    The climate transition creates opportunities and risks, and financial institutions and corporations

  • 22
    Jan

    Seit über 30 Jahren ist die ZfU International Business School Gastgeber für die angesehensten Inve

  • 30
    Jan

    Over 150 Fintechs CEOs from all over the world will be in both panels & interviews and on this stage

  • 31
    Jan

    From 2018 onwards, Switzerland’s financial fair will only be open to professional investors. This

See All

newsletter

Updates and news from MarketPlus