News

23.05.2017

Thumbs down for Swiss watch exports in April

Swiss watch exports resumed a losing streak in April, hurt by weakness in the key markets of Hong Kong and the U.S. and weighed down by fewer working days. Exports slipped 5.7 percent to 1.53 billion francs ($1.57 billion), the Federation of the Swiss Watch Industry said Tuesday. For the first four months of the year, the variation is -3.6%. Analysts said shipments gained when adjusted for three fewer working days in April 2017, with Citigroup estimating a 10 percent gain. Exane BNP Paribas said shipments probably were up 7 percent to 8 percent, taking that into account. 

 
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23.05.2017

Bankers looking on Luxembourg for hubs post-Brexit

Little Luxembourg is luring firms on the lookout for a post-Brexit foothold in the European Union, from JPMorgan Chase & Co. to insurance giant American International Group Inc. Bloomberg News reports that while many find the Grand Duchy a multilingual paradise, would-be expats are being warned not to expect the cosmopolitan lifestyle they currently enjoy in London and that they should prepare to spend long hours on clogged roads.

 
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23.05.2017

Safra Sarasin fined $50 mln by German Court

Swiss bank J. Safra Sarasin must pay German drug store entrepreneur Erwin Mueller around €45 million ($50.7 million) in compensation for incorrect investment advice, a court in the German city of Ulm has ruled. The Brazilian-owned bank had put Mueller's money into a fund specialising in so-called cum-ex trades. The 84-year-old businessman had said the bank did not properly advise him about the risks involved. Meuller had demanded restitution from the bank for being poorly advised on high-risk funds. The bank, which had rejected the accusations, has a month to appeal the verdict. It noted the case dated back to when it was majority owned by another business.

 
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23.05.2017

Manchester attack: at least 22 killed at Ariana Grande concert

A suicide bomber has killed at least 22 and injured scores more, in an attack on a Manchester concert of US artist Ariana Grande packed with thousands of young people. The bomb went off at about 10.30pm Monday in the Manchester Arena foyer, just after the end of Grande's concert. On Tuesday morning, Manchester police chief constable Ian Hopkins said police believed the attack was conducted by one man who detonated an improvised explosive device. He died at the scene. It was police's "priority to determine if he was acting alone or part of a network", he said.

 
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22.05.2017

Bitcoin broke $2000 wall in the Pizza Day

As Bitcoin has continued to gain in popularity and accessibility around the globe, its price has similarly grown. The digital currency, widely seen as one of the earliest and the most important in paving the way for the new cryptocurrency industry, has reached a landmark achievement. Continued growth in price has elevated the cost of a single Bitcoin to more than $2,000 for the first time in history. 

 
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22.05.2017

Huntsman, Clariant Agree on a $14 bn merger

Hunstman Corp and Switzerland's Clariant AG announced their merger on Monday; the deal would create a trans-Atlantic company valued at about $14 billion offering an array of chemicals such as polyurethanes, pigments, automotive fluids, additives and resins that are used across industries ranging from aerospace to agriculture to household cleaning. Under the terms of the proposed deal, Clariant shareholders would own 52 percent of the combined company. Huntsman shareholders, including its eponymous founding family, would own the rest.

 
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22.05.2017

Facebook: leaked documents revealed internal rules

Facebook is allowing users to share death threats, videos of self-harm and pictures of animal torture, it emerged yesterday. The english newspaper Guardian has obtained leaked copies of over 100 internal documents outlining Facebook's rules for handling sensitive content that reveal staff moderating the social media website are told not to delete such content. The images may be removed from the site "once there's no longer an opportunity to help the person," unless the incident has news value, according to the documents. Facebook is said to have an extensive list of secret rules and guidelines for deciding what its 2 billion users can and cannot post.

 
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22.05.2017

Swiss voters to ban on new nuclear plants

On Sunday Swiss voted on whether to support the federal government’s plan to overhaul Switzerland’s energy system. The plan was accepted by 58.2% of voters with only four of the country's 26 cantons voting "no". The Swiss initiative mirrors efforts elsewhere in Europe to reduce dependence on nuclear power, partly sparked by Japan's Fukushima disaster in 2011. Following its approval, the new law is expected to come into force in early 2018. According to the Swiss government website, it is aimed at reducing energy consumption, increasing energy efficiency and promoting renewable energies such as water, solar, wind and geothermal power, as well as biomass fuels.

 
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22.05.2017

The Ransomware Attack Lifted the Cyber Security Stocks, but the Rally Didn’t Last

The massive cyberattack that targeted 300’000 devices in 150 countries around the world one week ago, including important social infrastructures, businesses and private users, raises serious question about growing internet vulnerabilities and computer safety. It is still unclear who is the responsible for the ransomware attack, government agencies around the world are investigating, but one thing is certain: the growing menace of cyber-attacks is escalating, governments and companies are expected to increase spending on IT security after being caught out by the attack and the firms providing IT security services are poised to expand.

 
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19.05.2017

Book Review: Adaptive Markets by Andrew Lo

 
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Events


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    Jun

    Only a little more than half a year is remaining until implementation of PRIIPs and MiFID II, and th

  • 30
    Jun

    Lo Shipbrokers and Shipagents Dinner è uno degli eventi più importanti nel panorama mondiale della

  • 04
    Jul

    Within the framework of this presentation, Viktor Pershikov, MFTA, (a leading technical analyst in R

  • 05
    Jul

    One of the biggest conferences in Switzerland, which brings together the private equity, venture cap

  • 06
    Jul

    Within the framework of this presentation, Viktor Pershikov, MFTA (a leading technical analyst in Ru

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