News

09.09.2016

Fed's Rosengren warns to hike interest rates soon

It is too risky to continue to postpone a rate hike. Especially since there are "reasonable terms" so that they are raised. The message delivered by Eric Rosengren, president of the Federal Reserve Bank of Boston is very clear. And the market returns to fear monetary tightening, perhaps sooner than imagined. Considering US central bank's meeting on next 20 and 21 September, there are very few contrary convinced that the institute led by Janet Yellen will resume as early as this month, the normalization of monetary policy started in December 2015 for the first time since June 2006. This is demonstrated by a survey of the Wall Street Journal, that only 13.1% of economists expects an increase in Fed rates in less than two weeks. According to 73.8% of respondents, there will not be tight until December.

 
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09.09.2016

Switzerland is the new Bengodi

The high value of the franc is the key for Switzerland to become richer: Reiner Eichenberger, professor of economics at the University of Fribourg, is convinced. "The strong franc creates disadvantages as a production location, but even greater advantages for the consumer: we import more cheaply, so costs go down", explains the specialist in an interview published by the financial portal Cash.

 
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09.09.2016

Monte dei Paschi CEO agrees to resign

Banca Monte dei Paschi di Siena said Chief Executive Fabrizio Viola has agreed with the bank’s board to resign; the summit was dedicated to updates on the business plan and the rescue maxi-operation institution with a recapitalization of up to 5 billion euro. Just the difficulties of placing an increase of that magnitude, as evidenced by the banks business operation to work on the market, would have led to the choice to present the third increase in three years with a different banker.

 
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09.09.2016

Bitcoin: London start-up to launch an index of cryptocurrencies

DLT Financial &Tramonex, a London-based start-up said they would launch the first fund to track an index of digital currencies such as bitcoin in the coming weeks. The project could open up the market and simplifying access to this particular type of asset, breaking the wall that still separates many people from understanding what are the bitcoins and how they work.

 
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08.09.2016

US jobless claims decrease in first week of September

The US labor market confirms strength, keeping unemployment at the lowest level since 1973. In the week ended September 3, Americans who applied for unemployment benefit in the USA decreased 4,000 to a seasonally adjusted 259,000.

 
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08.09.2016

1MDB: Falcon's new CEO to resolve Singapore issues

Walter Berchtold, the new CEO of Falcon Private Bank, is to resolve issues faced by its Singapore unit in connection with the 1Malaysia Development Berhad (1MDB) scandal. Berchtold, who will officially assume the role next month, plans to travel to Singapore upon assuming office, Swiss business paper Handelszeitung reported. 

 
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08.09.2016

ECB leaves interest rates unchanged

The ECB's board has confirmed the interest rates at 0%. Also unchanged rates on the marginal lending facility and the deposit facility, respectively, still 0.25% and -0.40%. The plan of purchases "Quantitative easing" has been extended until March 2017 "and beyond if necessary." The institute claimed to maintain asset purchases  of €80 billion Euro per month.

 
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08.09.2016

Ecclestone sells F1 to US company Liberty Media

US media company Liberty Media acquires Formula 1: the deal, which evaluates the sport $ 8 billion, starting with the acquisition of a 18.7% stake for $ 4.4 billion. Bernie Ecclestone remains CEO, while Chase Carey was named president. The full acquisition will take place when the agreement will be permanently closed, expected in the first quarter of 2017. In detail, Liberty Media - reports the CNBC - would pay $ 1.1 billion in cash, $ 131 million in the communication group actions and 351 million in the form of debt issued by the same Formula One.

 
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08.09.2016

China imports rise for the first time in 2 years

China's economy is confident, but has not yet started to run: exports still falls in August, but at a lower rate than previously recorded while imports create the first recovery of two years now. According to the numbers released by the General Administration of Customs in Beijing on Thursday, exports in August fell by 2.8% over the previous year, slowing the fall compared to -4.4% in July. The data also reveals higher than economists' expectations, which indicated a contraction of 4%.

 
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08.09.2016

Zurich Insurance Group: The turnaround is underway

The shares of Europe’s third largest insurer dropped by more than 40% in the space of a year from March 2015 to March 2016. The return of Mario Greco to the position of CEO in early March seems to have marked a significant turning point.

 
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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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