News

07.11.2016

HSBC profit dramatically falls in Q3

HSBC reported a sharper-than-expected 86% fall in pretax profit for the third quarter as the British lender took a $1.7bn loss on the sale of its Brazilian unit and it also pointed to customer compensation in America and currency moves for the fall in profits. The bank's reported pretax profit was $843 million in the September quarter, down from $6.1 billion in the same period a year ago, HSBC said in a Hong Kong stock exchange filing on Monday.

 
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04.11.2016

Diamonds: a prudential or a speculative investment? (by DSC)

"Investing in natural gemstones is an excellent opportunity for those who want to diversify their portfolio without taking any risks - says Maurizio Spoldi, CEO and CFO of INVESTMENT DSC, brand that will be present at Lugano Fund Forum 2016 - It is a choice that protects the capital and that is re-evaluated through time, despite inflation and devaluations ".

 
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04.11.2016

Technical analysis : Gold trades below 1,300

The yellow metal was in a full on retreat on Friday morning, as it had erased all of Thursday's gains. However, the situation seems only temporary, as the metal is still set to surge, as it is indicated by various factors. First of all, the metal has reached the support provided by the weekly R2 at 1,296.73. Secondly, trader set up orders are mostly long. Third is the fact that daily aggregate technical indicators forecast a surge. Last but not least, the US election is not over and the drama will continue.  

 
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04.11.2016

Ernesto Bertarelli plus fort que Warren Buffett?

«Je m’attends à une normalisation des taux d’intérêt, mais plus lente que beaucoup ne l’espèrent. Les taux longs grimperont à 2-3% d’ici cinq à dix ans», déclare François-Serge Lhabitant, directeur général et responsable de la stratégie de Kedge Capital, mercredi à Zurich. Ce gérant d’actifs place les capitaux de la famille Ernesto Bertarelli dans les hedge funds depuis 2001 et fait partie de Waypoint Capital. Kedge gère 4 milliards de dollars, dont 80% proviennent de la famille et 20% d’investisseurs extérieurs.

 
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04.11.2016

Swiss Finance Institute: François Degeorge is the new Managing Director

François Degeorge, professor at USI since 2003 and current director of the Institute of Finance at the Faculty of Economic Sciences, is the new Managing Director of the Swiss Finance Institute and succeeds Prof. Claudio Loderer, University of Bern.

 
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04.11.2016

DIAMONDS: SMALL SIZE, GREAT VALUE

Global economic crisis, financial instability, fear of the future. These are the prevailing feelings among investors in Europe The most satisfactory answers, for those not looking for speculation, retain the diamonds on top.

 
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04.11.2016

Crédit Suisse reconfirms its turnaround strategy is on its way

Credit Suisse posted a surprise profit of 41 million Swiss franc, while the market consensus was expecting a loss of 150 million, yet the stock opened 3% lower at the open and continued falling throughout the session.

 
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04.11.2016

France to send HSBC to trial over tax fraud

French financial prosecutors have asked judges to send HSBC and two former executives to trial on charges of aggravated tax fraud by its Swiss private bank  in a case that relates to files stolen by Hervé Falciani, a former HSBC employee. If French judges decide to follow prosecutors' advice, HSBC could stand trial in Paris in the first half of next year. The judges could also dismiss the case.

 
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04.11.2016

Richemont: management to change as profit fell

Richemont reported a 51% fall in six-month profit to €540 million ($599 million). Sales fell 13% to €5.1 billion. In September, Richemont had warned profit would be down about 45%. “Sales and profits for the six-month period ended Sept. 30, 2016 were significantly below the prior year’s level, reflecting the difficult global environment, the exceptional inventory buybacks and challenging comparative figures in the first half of the previous financial year,” Executive Chairman Johann Rupert said in a statement.

 
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03.11.2016

China and the Dollar (W. Snyder)

US dollar is overvalued and that investors would do well to move out of that currency. In the long run the national debt, which is currently 106% of GDP, and the balance of payments deficit, currently running at about 40 to 45 billion dollars a month, are unsustainable. Of course the US is the largest single economy globally and has huge reserves of coal, oil and gas besides extensive farming land. So it is not to be expected that the US dollar is going to collapse. It could soon however gradually lose 20% to 30% of its current value.

 
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Events


Semptember 2015
  • 24
    Oct

    Two years after two historic global agreements were established, leaders and other change agents in

  • 25
    Oct

    Im September haben die Schweizer Stimmbürger die „Altersreform 2020“ des Bundesrates abgelehnt.

  • 30
    Oct

    The 2017 symposium, with the theme "Successfully crossing borders", will have a strong focus on the

  • 31
    Oct

    Dieser Event ist ausschliesslich für Pensionskassenvertreter (Stiftungsräte, CEOs, Anlageverantwor

  • 01
    Nov

    Nach Jahren des geldpolitischen Experimentierens sind die Finanzmärkte so verzerrt wie selten zuvor

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