Kobe Bryant, former NBA basketball star, after retiring from the world of sport, dedicated to finance. Together with the entrepreneur Jeff Stibel, he shares a venture capital fund of 100 million dollars. As he told the Wall Street Journal, Bryant and Stibel have decided to officially launch their investment vehicle dedicated to the tech industry companies, media and data management only after the withdrawal of Kobe. In fact, the fund, based in Los Angeles, has been running since 2013, so as to have invested in a dozen companies.
Swiss exports in July have progressed by 7.9% to 17.7 billion, and imports by 11.8% to € 14.8 billion. This was announced by the Federal Customs Administration stating that this figure takes into account the fact that in the month under review, there were two working days less than in July 2015.
Pfizer reached an agreement for the acquisition of Medivation, one of the leading companies in the biotech sector in the fight against cancer, for around $ 14 billion. Pfizer is willing to pay $ 81.50 per share, a 21% premium based on the closing Medivation of Friday's session. The agreement comes after months from the start of negotiations and demand for Medivation, one of the most courted independent biotech companies in the world as it specializes in the sale of a drug against prostate cancer.
The Swiss believe that Brexit will have positive consequences for their country, according to the gfs.berne Institute who analyzed 2016 barometer of the concerns of Credit Suisse. The majority of the population considers, in fact, that Switzerland's position will be strengthened. "The citizens are perfectly aware that Brexit will have on Switzerland" economic and political consequences, he said in a statement Lukas Golder, co-director of gfs.berne.
Negative rates on current accounts are making new fans: after the example of Raiffeisen Gmund, even the Royal Bank of Scotland, under pressure to the expansionary monetary policy of the Bank of England, will impose rates below zero on some types deposit. From today, some large customers of the investment banking division will no longer maintain free cash as collateral in their accounts: a move that will result in a withdrawal for about 70 customers of the bank, owned by the British state for 73%. No change, at present, fot other accounts, personal and business.
Donald Trump holds debts at least for $ 650 million, more than double what he had said in a public document presented on the occasion of his candidacy for president of the United States for the Republican Party. According to the investigation of the New York Times, Trump owes part of this sum to a number of foreign entities, including some banks controlled by the Chinese government, which according to some experts would make it vulnerable to the demands of society and American businessmen and foreign, if it were to be elected president.
Switzerland should return attractiveness for foreign companies, as stated by Daniel Küng, CEO of Switzerland Global Enterprise, the newspaper Le Matin Dimanche. The number of settlements in the Swiss nation returns to increase "already this year or next," says the entity responsible for promoting Switzerland's economy. Küng believes that much of the uncertainty of these years are gone or will be in the coming months. It cites the taxation of profits and the end of the possibilities to evade taxes offered to companies by OECD member countries. The competitors of Switzerland can be found at the same level.
Warren Buffett, the Oracle of Omaha, goes against and challenge the world of finance betting on Apple even as large funds in retreat. Through his investment company Berkshire Hathaway, Buffett has increased its stake in Apple by 55% and at the same time announced that it has reduced in Wal-Mart stores, the largest retailer in this world in the portfolio for more than a decade.
Joseph Stiglitz, Nobel prize winner in 2001, thinks that neoliberalism is coming to an end, or better, is dead. And, after having explained to the Financial Times the proposal to divide the eurozone ousting Germany and Greece, the economist explained to Business Insider as the time of liberalism is just about up. This recipe, for so long defined as the best way to stimulate economic growth, enjoyed its golden age in the United States with former Presidents Ronald Reagan and Bill Clinton, and, in the UK, with former British Prime Minister Margaret Thatcher.
Harley-Davidson, the famous motorcycle manufacturer, has signed a plea agreement in the US for a total of $ 15 million to file allegations that the manufacturer of American motorcycles has violated the laws that impose a limit pollution from emissions. According to the Justice Department and the Agency for Environmental Protection (EPA), the group has produced and sold about 340,000 illegal devices called "super tuner" that, once installed, they have allowed motorcycles emit more emissions than those certified. Also, is the thesis of the US government, Harley-Davidson has sold more than 12,000 motorcycles without a EPA certification with which it is ensured that a vehicle meets the required standards.
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