News

13.09.2016

Linkedin co-founder Hoffman offers $5M for Trump' s tax documents

Reid Hoffman, co-founder of LinkedIn, has offered five million dollars to 10  veterans affairs group, if Donald Trump will make public the figures of his income tax return by the date of the final debate between the candidates for the US presidency. The Hoffman offering ranks in support of Pete Kiernan, a veteran of the Marine Corps who has launched a crowdfunding campaign promising to allocate the money collected to active non-profit organizations in assisting veterans if Trump declare his earnings later, precisely on October 19. The goal is set at US $ 25.000; whether it will be achieved, Hoffman will quintuple the sum raised.

 
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13.09.2016

Swiss job market: cautious optimism on employment

The labor market should remain stable in Switzerland in the next three months. It is the result of the analysis carried out by Manpower, according to which more than nine out of ten employers do not provide for changes in the number of jobs in the fourth quarter of 2016. Only  4 % are expecting to increase their staffing levels, while 3 % are anticipating a reduction. “This relatively stable—but subdued—forecast may be due in part to the UK’s vote for Brexit, which is exacerbating political uncertainty and bringing the risk that the Swiss franc may rise further against the euro," noted Herbert Beuchat, interim director Manpower Switzerland, quoted in a statement.

 
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13.09.2016

Ecological breakthrough: France will launch green bonds in 2017

France will launch, in 2017, the first round of green bonds that will finance environmental investments. The announcement came a few days ago directly from the Environment and Economy Ministers, Ségolène Royal and Michel Sapin. The transaction, for "several billion euro" aims to support sustainable investment and was already announced in recent months by Prime Minister François Hollande. It will all be included in the next budget law.

 
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13.09.2016

Group rogatory: Switzerland will hand over UBS Dutch client data

Switzerland will hand over to the Netherlands, on the basis of an application grouped, the data of a UBS Dutch client. Gathered at a public hearing yesterday, the Federal Court (TF) has disavowed the Federal Administrative Court (FAC), who had opposed last March. In July last year, the Tax Division of the Netherlands had submitted a request for administrative assistance relating to the banking information of UBS. In its request, the Dutch tax authorities had not indicated the names of UBS clients involved, but only provided the criteria for their identification.

 
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13.09.2016

Italy: new voluntary disclosure program on deck

Italy could reopen the voluntary disclosure, the resurfacing program to the funds held abroad illegally. The announcement was made by Economy Minister Pier Carlo Padoan, guest of the Italian talk show Porta a Porta. The new window may, in fact, lead into national treasuries almost 4 billion (the first program ended at an altitude of 3.8). "We are studying the" mechanisms for a new return of capital, "said Padoan, who then added:" I'd settle for a fraction of the amount already recovered, I hope I can recover a bit less than 4 billion. "

 
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12.09.2016

HP buys Samsung printer division for $1bn

HP Inc. has closed the deal to take over from Samsung the division that manufactures printers for $ 1.05 billion. The transaction is expected to be finalized within 12 months and under the terms of the agreement, Samsung has agreed to buy the HP Inc. shares in an amount of between 100 and 300 million dollars once the acquisition will be completed. 

 
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12.09.2016

S&P: post-Brexit could be longer for UK economy

Standard & Poor's warned Britain to keep their feet on the ground after the recent positive data on the economy across the Channel because the recovery could be short-lived after the Brexit. "All the celebrations about the economic rebound in August and that in the end life is back to 'business as usual' could turn out to be just a mirage in the long term," the ratings agency said, as reported by the Financial Times online.

 
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12.09.2016

Agreement Switzerland-Singapore for more cooperation in Fintech

The Monetary Authority of Singapore (MAS) and the Swiss Financial Market Supervisory Authority (Finma) have signed an agreement to expand cooperation on FinTech. This initiative was launched at the second Financial Dialogue between the MAS and the State Secretariat for International Finance (SIF) held today. The accord will help spur opportunities for FinTech businesses from Singapore and Switzerland to grow into each other’s markets. MAS and FINMA have also committed to sharing the information regarding emerging fintech trends and regulatory issues pertaining to innovation.

 
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12.09.2016

Eu investigates on Barroso' s role in Goldman Sachs

The European Commission, in response to growing pressure around the former European Commission President José Manuel Barroso, decided to conduct an investigation in respect of the new ethics commission that the Portuguese has agreed in Goldman Sachs last July. The Community executive chairman Jean-Claude Juncker made the announcement through a letter of response to the request for clarification received a few days ago by the European Ombudsman, Emily O'Reilly. The Secretary-General of the Commission, tells Juncker, has sent a letter to Barroso "asking him to provide clarifications on its nine responsibilities and the terms of his contract, on which - still the President of the Commission - will ask the opinion of an ad hoc ethics committee" which however is not binding.

 
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12.09.2016

PostFinance: lower rates for companies

PostFinance will lower rates for the companies for payments made with the PostFinance Card at the electronic terminals EFT / POS, after Mister Price had pushed towards this direction. The reductions agreed upon by both parties globally will reduce PostFinance SA revenue of at least CHF 3.5 million in 2017 and at least 4 million francs in 2018, as stated in today's press release of Price supervisor. The authorities took action in the second quarter 2015: the investigation had established that the business segment in question the Post Office branch has too high margins.

 
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