Switzerland is officially on the italian "white list" from August 22, 2016, which is the list of states with which it is possible to implement the exchange of information to prevent double taxation. Along with the Swiss country, even countries like Liechtenstein, San Marino and Hong Kong, have entered the list, as stated in the decree of the Italian Minister of Finance published in the "Official Gazette".
Volkswagen has reached an agreement with the two suppliers CarTim and Es Automobilguss, who had suspended deliveries forcing the automotive group to stop the production of Golf and Passat. The group had been charged by the supplier to have canceled the contracts without cause or notice and refusing to compensate them. Volkswagen however, had asked to reduce costs in order to remain competitive, after the allocations decided to cope with fixing scandal emissions. "The manufacturing sites involved - VW announced in a press - are gradually preparing itself to resume production."
The European manufacturing appears static, anticipating a new phase of economic stagnation in the second half of the year. According to the analysis conducted by Markit, the Eurozone economy in August continued to increase at a steady pace, although the manufacturing PMI fell to 51.8 points from 52 in July, ranking the lowest level in three months. The preliminary figure released today, while still expanding area, given that it remains above the critical threshold of 50 points, it was lower than expected indicating 52 points.
Kobe Bryant, former NBA basketball star, after retiring from the world of sport, dedicated to finance. Together with the entrepreneur Jeff Stibel, he shares a venture capital fund of 100 million dollars. As he told the Wall Street Journal, Bryant and Stibel have decided to officially launch their investment vehicle dedicated to the tech industry companies, media and data management only after the withdrawal of Kobe. In fact, the fund, based in Los Angeles, has been running since 2013, so as to have invested in a dozen companies.
Swiss exports in July have progressed by 7.9% to 17.7 billion, and imports by 11.8% to € 14.8 billion. This was announced by the Federal Customs Administration stating that this figure takes into account the fact that in the month under review, there were two working days less than in July 2015.
Pfizer reached an agreement for the acquisition of Medivation, one of the leading companies in the biotech sector in the fight against cancer, for around $ 14 billion. Pfizer is willing to pay $ 81.50 per share, a 21% premium based on the closing Medivation of Friday's session. The agreement comes after months from the start of negotiations and demand for Medivation, one of the most courted independent biotech companies in the world as it specializes in the sale of a drug against prostate cancer.
The Swiss believe that Brexit will have positive consequences for their country, according to the gfs.berne Institute who analyzed 2016 barometer of the concerns of Credit Suisse. The majority of the population considers, in fact, that Switzerland's position will be strengthened. "The citizens are perfectly aware that Brexit will have on Switzerland" economic and political consequences, he said in a statement Lukas Golder, co-director of gfs.berne.
Negative rates on current accounts are making new fans: after the example of Raiffeisen Gmund, even the Royal Bank of Scotland, under pressure to the expansionary monetary policy of the Bank of England, will impose rates below zero on some types deposit. From today, some large customers of the investment banking division will no longer maintain free cash as collateral in their accounts: a move that will result in a withdrawal for about 70 customers of the bank, owned by the British state for 73%. No change, at present, fot other accounts, personal and business.
Donald Trump holds debts at least for $ 650 million, more than double what he had said in a public document presented on the occasion of his candidacy for president of the United States for the Republican Party. According to the investigation of the New York Times, Trump owes part of this sum to a number of foreign entities, including some banks controlled by the Chinese government, which according to some experts would make it vulnerable to the demands of society and American businessmen and foreign, if it were to be elected president.
Switzerland should return attractiveness for foreign companies, as stated by Daniel Küng, CEO of Switzerland Global Enterprise, the newspaper Le Matin Dimanche. The number of settlements in the Swiss nation returns to increase "already this year or next," says the entity responsible for promoting Switzerland's economy. Küng believes that much of the uncertainty of these years are gone or will be in the coming months. It cites the taxation of profits and the end of the possibilities to evade taxes offered to companies by OECD member countries. The competitors of Switzerland can be found at the same level.
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Die Fonds-Konferenz der SKSF ist eine wichtige, branchenspezifische Plattform für Wissens- und Erfa
2 evenings to find out about the latest from the digital industry & 2 days to find ideas and to crea
ICDA will return this year to its alpine home for the 38th Bürgenstock Meeting.
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