Chinese conglomerate HNA Group has become Deutsche Bank AG's largest shareholder after increasing its stake in the German lender to almost 10%, according to a filing made by asset manager C-Quadrat and other entities. It took HNA's stake to 9.92%, following an initial stake of 4.76%, which it had earlier secured through C-Quadrat. The acquisition of a significant stake in a pillar of European finance is another example of China's growing global influence. Last year, Chinese firms announced around $220 billion worth of deals for foreign companies, far more than any previous year. HNA's increased stake in Deutsche Bank makes it the lender's largest shareholder, ahead of members of Qatar's royal family and U.S. money manager BlackRock, according to public filings.
EFG International completed the integration of Ticino's private bank BSI, the bank it bought last year, according to a statement today. With the transaction, BSI (Europe) was renamed into EFG Bank (Luxembourg). The company henceforth will use the EFG brand only. In Switzerland, almost all branches and offices have already been rebranded with the new logo. The rebranding of global locations will follow regional timelines.
Carl-Michael Herlöfsson, founder and CTO of Moodelizer, explains in this interview the new technology his company developed and how it can be applied to more products. Here is a tutorial to understand how the app works. At the moment you have two products, a studio version directed to professionals besides the app? «There is a free version of the studio with limited themes, but besides that it’s a subscription service. If you work with Final Cut or other products you export your edits and then get a customized soundtrack that you can insert into the timeline of your editing software. It’s a deceivingly simple interface that allows to do very powerful things.
A new virtual currency launched yesterday aims to rival industry leader Bitcoin by pegging its value to hard oil assets, a first in the rapidly growing digital money sector. The currency called “bilur” and created by London-based financial services company R Fintech uses the technology pioneered by Bitcoin, while trying to offer an alternative for those weary of the wild fluctuations that have plagued digital currencies. The name "bilur" is the Basque language word for "chain", a nod to blockchain technology, the company said.
In Switzerland, frontier workers are 317,821, up 2.8% compared with the same period in 2016, down 0.2% on the previous quarter. Workers from borders increased in Ticino by 0.5% over the last three months of 2016. In the first quarter, the frontiers registered by the Federal Statistical Office were 64'670, up by 3.6 % in a year. The most significant growth, by 6.5% (1,908) was recorded by primary sector, although the largest number of jobs are in the service sector with a 4.1% increase and 207,830 people, followed by the secondary, slightly up 0.3% and 108'082 people occupied in the branch.
Swisscom reports revenues of CHF 2.83 billion for the first quarter of this year, down by 1.9 percent compared with the same period in 2016. The revenue decrease is caused by strong pressure on prices and increasing market saturation. In Q1 Swisscom revenue from telecommunications services fell by CHF 37 million (-2.2%). Around 50 percent of this decrease in revenue was the result of a decline in subscribers in fixed-line telephony, while the other 50 percent was due to price reductions, including roaming, and a decline in corporate business.
Part 1: reversal patterns in exaggeration situations When the capital markets come to wider fluctuations, we Trader and our trading strategies are put to the test. The result can be disappointing if the account value falls. But with the right tactics, you can trade successfully in such phases. You are going to learn in this series, which strategy works particularly well. These trading strategies unfold their highest efficiency in market phases in which there is high volatility. If there is also panic, then the chances of success increase further.
Scientists supported by the Swiss National Science Foundation (SNSF) have produced novel electrolytes for rechargeable sodium and magnesium batteries. The research group's objective was to develop alternatives to lithium-ion technology. The recent research, led by Arndt Remhof of the Swiss Federal Laboratories for Materials Science and Technology, Empa, is said to have demonstrated the potential of sodium and magnesium and his team has produced experimental battery components based on these metals.
Only a little more than half a year is remaining until implementation of PRIIPs and MiFID II, and th
Lo Shipbrokers and Shipagents Dinner è uno degli eventi più importanti nel panorama mondiale della
Within the framework of this presentation, Viktor Pershikov, MFTA, (a leading technical analyst in R
One of the biggest conferences in Switzerland, which brings together the private equity, venture cap
Within the framework of this presentation, Viktor Pershikov, MFTA (a leading technical analyst in Ru
Updates and news from MarketPlus
|SMI® PR||9032.89||-0,20 %|
|LYXOR DAX INAV||121.555||-0,48 %|
|FTSE MIB Index||20833.88||-0,46 %|
|FTSE 100||7424.13||-0,20 %|
|CAC 40||5266.12||-0,30 %|
|S&P 500||2438.30||0,16 %|
|NASDAQ Composite||6265.2495||0,46 %|
|HANG SENG INDEX||25670.05||-0,02 %|
|Powered by Yahoo Finance|