Concern in Biel, headquarters of the Swiss giant Swatch Group. The leadership team has expressed all its tension on the first half results for which foresees a possible profit decline of up to 60% and 12% of turnover. Europe and Hong Kong, the main markets for Swatch, have great difficulties on the sales so that, between January and the end of June, the decline of turnover by 12% and that's why the profit could fall by more than half. CEO, Nick Hayek, points out that, despite the difficulties, the employees will not be sacrificed. "Better to reduce the margins that cut staff" confirmed the boss of Swatch.
The European car market is still growing in June: registrations - according to ACEA data, the association of European manufacturers - were 1,507,303, 6.5% more than in the same month 2015. In the first half of year were delivered 8,090,870 cars, representing an increase of 9.1% on the same period last year. In May the figure had an increase of 16%.
Europe's war against Google goes on: Brussels launched his accusations against Alphabet, the parent company created after the start of the EU proceedings April 2015. The European antitrust strengthens the evidence to prove the abuse of a dominant position: the suspicion is that the web giant has limited possibilities to other sites to advertise its competitors.
EFG International announced yesterday its intention to detect the BSI bank's activities in Singapore through an accelerated sale of the assets. The transfer should be completed by November 2016, with the approval of the competent authorities, as indicated in a note. EFG and BTG Pactual, current BSI Brazilian owner, are going to get permits to finalize the Ticino institute detection by the Zurich-based asset manager. The transaction should be completed during the fourth quarter of this year.
Terror and carnage in Nice, on the feast day of 14 July. Shortly before 22.30 on the promenade des Anglais, while people attended the celebrations of the French National Day, a truck plunged into the crowd at a speed of 80 km / h mowing people: when recording 84 deaths, including many children , and about 100 injured (54 children). The driver of the truck was a French-Tunisian of 31 years, then killed, and "it was only in the vehicle", and "if he had accomplices, was upstream," says a reporter for Le Figaro, explaining that the police are looking into the city video surveillance images to understand where exactly the bomber either party.
Accounts falling for JPMorgan Chase yet exceeds expectations. In the second quarter, the banking giant reported a net profit of $ 6.2 billion, $ 1.55 per share, compared with 6.29 million, $ 1.54 per share, for the same period last year. The expectations of analysts have been beaten: they expected profits to $ 1.43 per share. The turnover rose by 2.4% 24,380,000,000. The turnover rose to 25.21 billion from 24.16 billion expected by analysts.
The Governor of the Bank of England Marl Carney decided to displace the analysts who were already positioned on a rate cut and a return, even, of a Quantitative Easing in the UK market: the final and official decision is to keep rates unchanged to a record low of 0.5% with a large majority even within the board that ultimately voted almost compact (8 to 1 the outcome) to maintain, at least until August, the status quo. The result of the referendum is still too recent and especially unexpected, thus subject to strong emotion, to be able to afford to make decision
Swiss private banking giant UBS has retained the title of the world's biggest private bank, according to annual report by wealth management researcher Scorpio Partnership, published today. Although its assets under management (AUM) fell 1 per cent from 2014 to 2015, it still topped the global rankings, with US$1.74 trillion (S$2.34 trillion) at December 2015. Bank of America Merrill Lynch came in second, with AUM of US$1.444 trillion - down 2 per cent for the year, while Morgan Stanley was third with US$1.439 trillion, down 2.8 per cent. Switzerland’s second biggest bank Credit Suisse fell further behind Morgan Stanley in the ranking with a 7.2 per cent fall in its managed assets to $687.3 billion, the benchmark showed.
The Brexit effect may soon overturn its heavy impact on the labor market in London. While the UK economy is likely to fall into a recession, the employees of the City dearly the outcome of the referendum, with results that range, at best, from moving to another EU country to job loss. Credit Suisse titled "Mayday! Mayday! "His latest note to clients in which he speaks of the danger of loss of well 500 thousand jobs because of Brexit. The feeling of the Swiss bank, also shared by many other analysts, is that the UK will end in recession as a result output by the European Union.
Die Fonds-Konferenz der SKSF ist eine wichtige, branchenspezifische Plattform für Wissens- und Erfa
Ein neues Gespenst geht um in Europa und der Welt – das Gespenst der Digitalisierung, der Automati
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.
The objective of the Conference is to bring together all the diverse stakeholdersinterested in a pol
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