Sky high valuations are abundant in equity markets however they are getting far less attention than during previous bubbles. Specifically, investors talk of potential cures brought about by startup biotech companies which is reminiscent to counting eyeballs during the internet bubble.
Russia could be the first country in the world to use an high speed public transportation. The main investor of the project is Ziyavudin Magomedov, the magnate at the head of the group "Summa." Magomedov and the Moscow authorities are considering the construction of Hyperloop to connect the city center with the "new Moscow" and the airports of the capital.
EFG International expects to pay 140 million francs less for the acquisition of BSI, compared to the 1.33 billion expected in February. The Zurich-based company announced the same active in the management of capital, following the publication of half-year results of the Ticino bank, destined to disappear for want of FINMA after the scandal of the fund Malaysian 1MDB.
The race for the White House is also a challenge shots of declarations (of income). While Hillary Clinton and her husband Bill said they had earned $ 10.6 million in 2015 and have paid taxes of 3.6 million, the Republican rival Donald Trump refuses to disclose its data. That means their effective tax rate -- a measure of their income tax burden -- was 30.6% based on their adjusted gross income.
It is not obvious that the UK can enter EFTA, the club that brings together Norway, Iceland, Switzerland and Liechtenstein. According to Elizabeth Vik Aspaker, Minister for European Affairs of the Scandinavian country, in an interview with the Norwegian newspaper Aftenposten, UK could be a problem for the country: "It is not certain that men may bring to this organization a great country is a good idea, it would change the balance , which is not necessarily in the interests of Norway. "
Glencore still in the midst of the crisis: the Zug-based giant in fact restricted even further their mining activities in the first six months of the year. The own copper production fell by 4% to 703'000 tons for coal, the decline was 14% to 58.8 million tons and zinc decreased by 31% to 506'500 tons. With regard to oil extraction, it was limited to 4.4 million barrels in order to preserve stocks ahead of a hydrocarbon of the price increase, it said in a note today; Glencore has thus postponed the new mining activities. In contrast however the extraction of nickel, grew during the review period by 17%
Adecco in the first half has made a profit of 335 million euro (363.5 million francs), down 1% compared to the same period in 2015. Revenues for the world number one of temporary work are advanced by 3% , to 11 billion euro. With constant exchange rates, the increase in sales is 5%, according to today's statement from the Zurich group. The EBITA Operating profit - before deducting interest, taxes, depreciation and amortization of goodwill (goodwill) - was 510 million euro, an increase of 3%. In the second quarter, net income instead advanced by 7% to 190 million euro, and the turnover of 2%, to 5.7 billion. The organic growth was 4%, similar to that of the first quarter.
Warrants have gained in popularity over the past decade, but are more and more challenged by CFDs and the growing offer in Switzerland. Both products offer leverage and the possibility to profit from rising and falling markets, yet they are inherently different. So what really sets them apart? And most importantly, which is best for you?
According Tidjane Thiam, Credit Suisse CEO, the bank does not need a further capital increase. In an interview given to the agency Bloomberg, the manager claims that, in the light of most of the scenarios, the institute does not need an additional injection of money. Meanwhile, the bank continues with the restructuring; the process, which will involve the sacrifice of 6,000 jobs, calls for strengthening of asset management at the expense of the investment bank.
The Federal Statistical Office (FSO) today released the quarterly statistics of the border in Switzerland. If in Ticino in the first quarter of 2016, the data registers 62 647, or + 0.3% compared to the last quarter of 2015, compared to the same quarter last year is -0.5%. At the Swiss level, frontier workers are 306,245, 0.7% more than in the previous quarter and 3.8% more than in the same quarter last year. According to the data, growth in the second quarter covers the whole of Switzerland: + 1% in the Lake Geneva region (+ 5.4% over one year), up 0.6% in the Central Plateau, + 0.7% in Northwestern Switzerland, + 0.6% in Zurich, + 0.9% in Eastern Switzerland and + 4.5% in the middle.
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