News

31.08.2016

Apple tax: UK and Turkey ready to welcome Cupertino

The day after the sentence with which the EU has fined Apple for 13 billion euro for unpaid taxes, the first proposals came from other countries. The risk, according to Cupertino, is that the decision "will have profound consequences on investment and on jobs in Europe.  "Apple should move to Turkey," , Mehmet Simsek, deputy MP  wrote on Twitter. "Happy to provide more generous tax incentives. Won't have to deal with EU bureaucracy."   In UK, The Prime Minister’s official spokesman said “The narrative of the Government has been well set out. Britain is open for business,

 
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31.08.2016

Unicredit to point the capital increase

The new CEO of Unicredit, Jean Pierre Mustier, has clear ideas on how to manage the first phase of work, in particular the capital increase that the bank is called upon to put in. As reported by the newspaper La Repubblica, Mustier aims to lighten the capital increase through a sales program. In recent weeks, rumors of a possible sale of the stake held in the Polish Bank Pekao had already emerged. Then rumors related to the sale of FinecoBank, not to mention those on possible also movements of Pioneer.

 
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30.08.2016

Barclays sells italian retail banking to Mediobanca

Barclays completed the sale of the Italian retail branches to CheBanca !, controlled by Mediobanca. With this, CheBanca! double in size and exceeds the 20 billion in total deposits, taking a further step in the development process and in strengthening the asset management of the Italian families; thanks to the acquisition, it's realized significant increase in the number of customers (+ 38% to 800 thousand), assets under management (+ 74% to € 6.8 billion), direct deposits (+ 27% to € 13.6 billion) and mortgage loans (+ 50% to € 7.5 billion).

 
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30.08.2016

EU: Irish taxes were state aid for Apple, €13bn fine for Cupertino

The EU Commission has imposed  €13bn ( $14.5 billion) fine to Apple for back taxes owed to Ireland, enjoying therefore indirect state aid from Dublin. In spite of a tax imposed on the companies by 12.5%, according to Brussels reconstruction, Apple has managed to tick a levy of 1% on European profits in 2003 and then declined even to 0.005% at the end of the period under investigation, ie 2014. So far, the highest fine imposed by the EU was 1.4 billion to the French energy giant EDF.

 
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30.08.2016

Swisscom vs Sunrise

Long regarded as the jewel in the crown of Swiss telecoms, Swisscom is under pressure from growing competition and a saturated market. Swisscom shares have fallen by more than 20% since the peak of 2014 and by 7% since the beginning of the year compared to its direct competitor Sunrise, up 16% in 2016. The “blue giant” has certainly reached a size which reduces its potential for growth, but its revenues are stable, and its dividend of almost 5% makes it an attractive investment.

 
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30.08.2016

Japan's household spending fall in July along with jobless rate hitting 2-decade low

Japanese household spending continued to decline in July as the strongest labor market in at least two decades failed to boost wage growth significantly. Household spending fell 0.5% year-on-year in July, according to Japan's Statistics Bureau, the fifth-consecutive decline and the 21st month out of the last 24 that spending has fallen. Analysts had expected spending to fall 1.3% in July.

 
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30.08.2016

Merkel assures: TTIP will be signed

The free trade agreement between the United States and the European Union "has not failed", and precisely could get the classic twist. The next day the words of Vice cancellerier German Gabriel, who had announced the failure of TTIP, Brussels wanted to deny. "The European Commission has made steady progress in the current negotiations on the TTIP," said European Commission spokesman, Margaritis Schinas, recalling that "the Commission has received unanimous negotiation mandate of the Member States to negotiate this agreement."

 
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29.08.2016

Amazon experiments 30-hour work week

The American giant online sales Amazon tries to erase the controversy over the quality of the treatment of its employees and launched the trial of a 30-hour work week, from 40 as a rule, reserved for the moment to teams of a few dozen temporary workers full.

 
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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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Events


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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.

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

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    Dieser Event ist ausschliesslich für Pensionskassenvertreter (Stiftungsräte, CEOs, Anlageverantwor

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    Nach Jahren des geldpolitischen Experimentierens sind die Finanzmärkte so verzerrt wie selten zuvor

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