The first months of 2016 were a reminder that we are not only living in a world of low to negative interest rates. It was also a good reflection of uncertainties around global growth in general and a long list of looming event risks. The volatility witnessed during the first months of the year and the whipsawing in the valuation of risk premia is not a 2016 phenomenon: equity indices for Europe, the US or Emerging Markets unveil that high volatility and significant market swings have been with us since at least late 2014.
The Brexit is a negative event for the merit of Britain's credit, Moody's says. The decision to leave the EU will lead to a prolonged period of uncertainty that will weigh on the economic and financial center of Britain. The increased uncertainty in negotiations on new agreements EU-UK will likely reduce the flow of investment and confidence of businesses and consumers in the UK. Moody's adds that the lasting impact of the vote for the exit will depend on the nature of the new EU-Britain ties.
The Swiss National Bank (SNB) intervened in the foreign exchange market after the "yes" of Britons to Brexit, the exit of Britain from the EU. This was confirmed by the SNB in a statement today. The National Bank has announced that continues to remain active on the market. The result of the referendum in the UK has resulted in growing pressure on the franc, the SNB noted. The euro rose to start the day below the threshold of 1.07 francs to 1.0624 francs, its lowest level since August 2015. The Swiss currency is seen as a traditional value of refuge in case of major political crisis.
It was a constant head to head, with constant reversals in the face at the end won the Leave (51.9) on the Remain (48.1) and Britain is outside the EU. High voter turnout, recording 72.2%. The vote, as well as to plunge the United Kingdom in uncertainty, is the most decisive defeat for the supporters of greater European integration after the Second World War and is likely to trigger a domino effect in other countries. The initial rejoicing in the field of pro-EU has gradually given way to the joy of those who want Britain out of the EU. "Now we sing our anthem without Brussels telling us that it is wrong," said UKIP leader Nigel Farage commenting on the progress of the examination. It is "a victory for real people, a victory for ordinary people, a victory of the people for good. We fought against the multinationals, the big banks, the lies, the big parties, corruption and deception, "said Farage, who defined June 23 as Independence Day in Britain.
In Germany there are approximately 154 thousand jobs for the refugees who have no particular professional specializations. This is shown by a document of the IAB (Institute for Research in the work), according to which refugees and newly arrived immigrants in the country does not possess qualifications or qualifications could be used to work in the areas of cleaning and construction, where at the moment the demand is estimated at 154 thousand units.
Former Credit Suisse banker pleaded guilty to helping American citizens to defraud the IRS while working for the Swiss Institute between 2002 and 2009. The declaration, which took place in court in Virginia, in the United States, was made by an Italian citizen 48-year-old resident in Switzerland who confessed to having helped some taxpayers to hide part of their assets in Swiss bank accounts, as the Ministry of American Justice (DoJ) reports in a press release.
Eurozone growth slips to lows recorded in the last 18 months. The figure emerges from the report produced by Markit, the global provider of financial information services, which emphasizes that the Flash Eurozone PMI Composite index of production stops at 52, 8 points against the 53.1 recorded in May. The value is the minimum for 17 months now. The PMI flash estimate of Eurozone Tertiary activity is estimated in June to 52.4 points against 53.3 in May, a minimum of 18 months.
The European Central Bank (ECB) will accept again the government bonds of Greece to junk status as collateral in refinancing operations. The decision to reopen a source of funding, remained closed for 16 months, should help restore confidence in the greek banking sector and, according to several economists and bankers, could lead to a partial removal of capital controls in the coming days.
The US authorities have withdrawn a complaint against UBS that saw the bank forced to produce documents relating to certain bank accounts held at its Singapore branch, payable to an American citizen suspected of tax evasion. Since the institute has found a preliminary agreement with the Internal Revenue Service, the US Justice withdrew the complaint, as announced tonight by the US Department of Justice.
Switzerland, among the 34 members of the Organization for Economic Cooperation and Development (OECD), is the country that subsidizes most agriculture. The Helvetic country ousted from the throne of Norway, according to the 'latest edition of the OECD report which takes into account all aid from export support to direct payments for ecological services.
Regulierung – seit der Finanzkrise prägt der Ruf nach mehr Kontrolle das Banking: Wegen regulator
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.
The objective of the Conference is to bring together all the diverse stakeholdersinterested in a pol
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