The macroeconomic headwinds and elevated volatility currently serving as a cornerstone for much of the prevailing investor uncertainty show little sign of receding. The Brexit vote and the ensuing political and economic uncertainty only amplify the uncertainty. With traditional assets failing in their capital preservation and portfolio stability purposes, investors need to look for something else to help offset the risk generated by equities. Demand to generate returns which are not beholden to the direction of asset markets has become more pronounced.
Volkswagen AG is expected to announce a sweeping restructuring of its embattled VW passenger car brand that includes up to 30,000 job cuts over the next five years and a shift toward electric vehicles and new digital mobility businesses, a source told Reuters Friday. The announcement is expected to come later in the day at a news conference. It foresees €3.7 billion ($3.9 billion) in annual savings at VW’s namesake brand, which will involve 23,000 job cuts in Germany alone, another source said.
The Cantonal Court of Zug has approved on 17 November 2016 the application for lifting of the definitive moratorium on Valartis Group AG following its successful recovery. Valartis Group AG is now completely recovered, as the group reported in the statement today.
The Federal Reserve could raise U.S. interest rates "relatively soon" if economic data keeps pointing to an improving labor market and rising inflation, Fed Chair Janet Yellen said on Thursday in a clear hint the U.S. central bank could hike next month. "Such an increase could well become appropriate relatively soon," Yellen said in prepared remarks that were her first public comments since the United States elected Republican Donald Trump to be the country's next president.
The Swiss Bankers Association announced in a statement the nex list of accounts hold assets of about eight million Swiss francs (€7.4 million). The first step was in December 2015, when the association published a list of more than 2,600 accounts of individuals or companies without any movements on their Swiss bank accounts for the past 60 years.
The Swiss National Bank is ready to take policy measures as and when they are necessary to keep the country's inflation and economy on track, two top policymakers underlined on Wedsneday. SNB Vice Chairman Fritz Zurbruegg said currency market interventions had become an increasingly important tool since the financial crisis and the euro zone debt crisis had pushed up the safe-haven Swiss franc. "Since last January our monetary policy framework is based on two elements. The first is negative interest rates... and the second element, which is important to underscore, is a willingness to intervene on foreign exchange markets as necessary," Zurbruegg said at a UBS banking conference.
Do not be afraid.This is not a piece on philosophy. It is a very short essay on one of the market themes I am more emotionally attached: active investing. The reason is straightforward: I am an active investor. In an era of ever-rising prominence of passive investing, I want to spend few words defending the social usefulness of my work and the one of my fellow colleagues that put all their brains in the tough but fascinating world of active investing. At this stage, you probably wonder what would be the link with Immanuel Kant in the title. It is stronger than you think.
Switzerland's federal cabinet approved a new graft bill on Wednesday that would end the tax break for bribes, a reform it decided to pursue almost a year ago. It now goes to the parliament for a vote. But it leaves untouched the practice of letting companies take a deduction for illegal profits seized by regulators, provided these repaid sums - known as disgorgements - do not meet the formal definition of a penalty for criminal behaviour.
Swiss private bank Julius Baer said on Thursday its assets under management rose 9% in the first ten months of 2016 to 327 billion Swiss francs ($326.45 billion), up from 311 billion francs in the first half of the year. Switzerland's third-largest listed bank said net new money in the year to date on an annualised basis was close to 4%, the bottom end of its medium-term target range of 4-6%.
New York’s Upper 5th Avenue remains the world’s most expensive retail street, narrowly ahead of Hong Kong’s Causeway Bay. Paris’ Avenue des Champs Élysées, where annual rents are €13,255.2 per square metre, is third, London’s New Bond Street is fourth (€12,433.6 sq.m/yr) with Tokyo’s Ginza leap frogging into fifth place with annual rents totaling €12,102.9 sq.m/yr.
Two years after two historic global agreements were established, leaders and other change agents in
Im September haben die Schweizer Stimmbürger die „Altersreform 2020“ des Bundesrates abgelehnt.
The 2017 symposium, with the theme "Successfully crossing borders", will have a strong focus on the
Dieser Event ist ausschliesslich für Pensionskassenvertreter (Stiftungsräte, CEOs, Anlageverantwor
Nach Jahren des geldpolitischen Experimentierens sind die Finanzmärkte so verzerrt wie selten zuvor
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