News

03.10.2016

Swiss M&A deals dropped in Q3

The Swiss market mergers and acquisitions declined in Q3 2016. Compared to Q2, the number of transactions increased from 107 to 80 while the volume fell to $ 9.3 billion from 22.2 billion. If compared with the same period last year, which had been strongly influenced by the $28.3 billion-deal,  US Chubb's acquisition by Zurich-based american insurer ACE, the volume of transactions fell by 32.2 billion, KPMG writes in a statement released yesterday.

 
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03.10.2016

Theresa May: Brexit process will start by March 2017

Britain will trigger the formal process for leaving the European Union before the end of March, Prime Minister Theresa May said Sunday, during the Conservative Party conference.  Announcing the historic change, May said: “We will introduce, in the next Queen’s speech, a Great Repeal Bill that will remove the European Communities Act from the statute book. That was the act that took us into the European Union". Then, speaking to the BBC, May stresses that the negotations required at least 2 years.

 
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30.09.2016

Deutsche Bank crisis: CEO Cryan calls for calm

Deutsche Bank CEO John Cryan on Friday sought to calm staffers about the soundness of the bank, after shares fell to fresh record lows on reports of the departure of approximately 10 hedge fund clients. "Our bank has become subject to speculation," John Cryan said in a internal letter that outlined the bank's financial position and urged employees to not allow a "distorted perception" from interrupting its business.

 
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30.09.2016

Nissan needs guarantees over Brexit impact

Nissan may ask compensation for any tariffs imposed after Brexit deal. The japanese car manufacturer, which Sunderland's plant is active since 1986, warned that could scrap investment unless Britain promised to pay compensation for any tax barriers resulting from Brexit negotiations. At Paris Auto Show, Ghosn said to reporters: “If I need to make an investment in the next few months and I can’t wait until the end of Brexit, then I have to make a deal with the UK government. If there are tax barriers being established on cars, you have to have a commitment for carmakers who export to Europe that there is some kind of compensation.”

 
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30.09.2016

Swiss financier Behring sentenced to 5 and half years for fraud

Dieter Behring was sentenced to 5 and half years in jail on Friday. The former Swiss fund manager was accused of cheating 2,000 investors out of around 800 million Swiss francs, between September 1998 and October 2004, by promising rich returns to investors via an automated trading system. Behring, originally having been arrested in October 2004, released in April 2005, and re-arrested in March 2007, was released upon payment of CHF1 million bail and confiscation of his passport.

 
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30.09.2016

Russia maintains oil output, altough OPEC deal

Russia has no plan to change its current level of oil output, said Russian Energy Minister Alexander Novak, albeit he applauds OPEC oil cartel's agreement to curb production. "Russia will carefully consider those proposals which will be eventually drawn up. ... But our position is keeping the volume of production at the level that has been reached. These are the main principles that were earlier being considered,” said Novak. The comments came after OPEC reached a preliminary deal Wednesday on the sidelines of the International Energy Forum to cut current production to 32.5 - 33.0 million barrel per day (bpd), for the first time since 2008.

 
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30.09.2016

Hedge Funds put Deutsche Bank under pressure

Deutsche Bank is putting a scare into the financial world Thursday as reports have surfaced of some fund managers cutting exposure to Europe’s largest investment bank. A Bloomberg report that about 10 hedge funds that clear derivatives trades with Deutsche, including Millennium Partners, Capula Investment Management and Rokos Capital Management, had withdrawn some excess cash and adjusted positions held at the lender because of concerns over its problems, citing an internal document.

 
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30.09.2016

Japan national CPI remains negative (-0,5%) in August

Overall consumer prices in Japan were down 0.5 percent on year in August, the Ministry of Internal Affairs and Communications said on Friday. In a report, Statistics Bureau said that Japan’s National Core CPI remained unchanged at a seasonally adjusted -0.5%, from -0.5% in the preceding month. That matched expectations following the 0.4 percent decline in July. It currently sits at the equal lowest level seen since March 2013.

 
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29.09.2016

Trump's company violated US embargo to do business in Cuba's Castro

Donald Trump did business with Cuba, violating the US embargo during Fidel Castro's presidency, Newsweek reported in a story, titled "The Castro Connection".  Trump Hotels & Casino Resorts paid at least $68,000 to a consulting firm, Seven Arrow, in late 1998 which went to Cuba and investigated possible business opportunities for Trump's company, according to the Newsweek report.

 
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29.09.2016

Sponsored Foreign Shares: global investment opportunities (by Six Swiss Exchange)

SIX Swiss Exchange is the home market for global corporations such as ABB, Credit Suisse, Nestlé, Novartis, Roche and UBS. They are also part of indices such as the SMI® that attract a lot of interest worldwide. However investors are able to trade more than just Swiss stocks on the Swiss exchange. In the Sponsored Foreign Shares segment, they have a choice that extends to over 500 shares from 26 countries! With over 150 securities each, the USA and Germany are the most represented markets in the segment.

 
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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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