News

29.08.2016

SNB: swiss franc more strong with negative interest rates

Negative rates bring more advantages than disadvantages in the Swiss economy. With this motivation Andréa Maechler, management member of the Swiss National Bank (SNB), defends the continuation of the strategy. "The financial markets expect a further easing of monetary policy in Britain and in the euro zone, and even in the USA the increase in interest rates goes only slowly," she said in the interview published on "SonntagsBlick" on Sunday.  SNB currently applies  -0.75% rate on deposits stored with the central bank.

 
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29.08.2016

Switzerland: Uber is an employer, must respect the rules

Uber is acting in Switzerland as a regular employer and then can not escape the main obligations, in particular the payment of social security contributions: the analysis was made by Professor Kurt Pärli Basel and is the first assessment of law in this matter, executives Unia declared at a press conference this morning in Bern. Uber, it was recalled, refuses to acknowledge his "taxi drivers" as ordinary wage earners inventing a fictitious independence system, while even the Suva has compared the company to a normal employer.

 
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29.08.2016

Roche receives US authorization for Zika test emergency

Roche, the Swiss pharmaceutical giant, has obtained emergency authorization from the U.S. Food and Drug Administration to use a diagnostic Zika virus test. The FDA has given the go-ahead to this test called LightMix Zika rRT-PCR, in view of the situation of urgency especially in Latin America. 

 
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29.08.2016

Marchionne: Magneti Marelli crucial for FCA

CEO Sergio Marchionne has denied the press rumors that were circulating at the weekend about possible news for the Magneti Marelli negotiations between the FCA and Samsung. The rumors that leaked out indicated that the vice president of Samsung Electronics Lee Jae Yong, would be moved to Europe to participate in the appointments to the Board of Directors of Exor, of which he is director.

 
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29.08.2016

Iran-Russia signs $1 bn oil deal

Russia and Iran tighten relations in oil field building together five platforms in the Persian Gulf; the deal, which is worth a billion dollars, also involves the gradual transfer to Iran of the necessary offshore technologies, and this "is a dream come true", as stated Ehsanollah Mousavi, managing director of Iranian company TODC. The agreement was signed by the shipbuilder, russian Krasnye Barrikady and the Iranian company TODC: the project, for $ 1 billion, involves the construction of five offshore platforms in the Persian Gulf. According Ehsanollah Mousavi, CEO TODC (Tasdid Offshore Development Company), the agreement provides for the construction of an offshore platform every two years off the Iranian port of Khorramshahr, situated in the extreme south-west of Iran, on the mouth of the Arvand River (also known as Shatt ul Arab).

 
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29.08.2016

TTIP has failed for German Minister

The TTIP can be said definitively failed. In the opinion of Sigmar Gabriel, vice chancellor and Economy Minister German, "talks with the US are in fact failed because we Europeans, of course, must not succumb to American demands: nothing is moving forward ". In an interview on German television ZDF, Gabriel added that "the negotiations with the US have failed de facto because we Europeans do not want to subject us to the US demands."

 
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27.08.2016

Iceland ready to abolish capital controls

The Icelandic economy, tremendously affected by the financial scock of 2008 which saw the three main banks fail and the collapse of the GDP in a few months by 60 percent, finally sees the light. The center-right government in power, hit by the scandal of Panama papers in the spring, has announced a major step towards the abolition of controls on capital movements introduced after the crisis. The proposals being considered by the national parliament (Althingi) concern the Icelanders, who will see again the possibility (repealed after the shock of 2008) to invest in real estate and other abroad, and buy foreign currency without limitations for travel in the world.

 
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27.08.2016

Yellen: rate-hike is coming but not immediately

Janet Yellen, number one of the Federal Reserve, said during the symposium in Jackson Hole, which rate-hike will be if the macro data should confirm the outlook prepared by the Fed. Therefore she has opened the doors to the long-awaited increase for interest rates, but did not announce the date. The Chair of the Fed left no doubt to be reasonably satisfied with the economic developments. "If the growth was not fast, was sufficient to generate further improvements in the labor market," she pointed out, that is, driving out the concerns that had held back the hands of the Central Bank in the first half of the year when GDP up by 1 % - the second-quarter performance was yesterday revised downward to 1.1% from 1.2% - and a slowdown in job creation had been added to global uncertainties such Brexit and the Chinese slowdown.

 
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26.08.2016

Citigroup: global recession in case of Trump victory

If Donald Trump will become the next president of the United States, this event will cause a global recession order "0.7 / 0.8%" due to the uncertainty about the future of the economy that the victory of the Republican candidate would bring with him . This prediction of the US banking giant Citigroup, in a research conducted by its chief economist, Willem Buiter. On the contrary, a Hillary Clinton victory, accused of being very close on Wall Stret which Citigroup is one of the pillars, would not alter the course of the world economy for "continuity in its policies."

 
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26.08.2016

No state aid for Portuguese bank saved by EU

The European Commission has approved a recapitalization of 4.6 billion euro, more than half of them with public funds and issuance of new sovereign debt, to save Caixa Geral de Depositos (CGD), a Portuguese state bank that is in serious difficulties.

 
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Events


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    MGF Fall Edition is Presenting twelve High Growth companies both public and private i

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    "Investire nel mattone" è probabilmente una delle scelte meno rischiose. La casa è un bene rifugio

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

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

  • 30
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    The 2017 symposium, with the theme "Successfully crossing borders", will have a strong focus on the

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