News

12.07.2017

Singapore sentenced former BSI banker over 1MDB scandal

Former BSI banker Yeo Jiawei was on Wednesday sentenced to four-and-a-half years jail for money laundering and cheating, in a case linked to an investigation involving Malaysian state fund 1Malaysia Development Berhad (1MDB). Yeo, 34, had set up multiple suspicious transactions involving 1MDB, and admitted he secretly profited at least $3.5 million from the illicit transactions. He laundered a portion of the money by transferring at least $500,000 into his parents' bank account.  Prosecutors identified Yeo as a central figure linked to Malaysian financier Low Taek Jho, who was characterised by US investigators as the controller of a plan to drain billions from 1MDB.

 
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12.07.2017

Startup Curve raised $10 mln for his "Back to the Future" credit card

U.K.-based fintech startup Curve has raised $10 million in a Series A funding round. The funding comes from a wide range of global banks, venture capitalists and industry veterans, including Santander InnoVentures, Investec and Henry Ritchotte, former COO of Deutsche Bank. "In the last 12 months, we've established a loyal base of customers who love the way Curve complements and improves their existing financial lives," said Shachar Bialick, founder and CEO.

 
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12.07.2017

UBS pushes for more robots in the trading floors

Robots are moving on to the trading floors of investment banks. Many of the world’s biggest banks have for years been automating manual, repetitive tasks done by support staff to save money. But now they are putting the latest forms of artificial intelligence to work at the heart of operations among their star traders, allocating funds and analysing data to develop strategies. According to a report by the Financial Times, UBS is about to take robots to trading floors. The company has shown how two AI solutions can assist traders in enhancing their performance.

 
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12.07.2017

Slow progress in Gender diversity on boards

According to a report by Russell Reynolds Associates, Fortune 500 companies  are keen to employ women as general counsel with 35 per cent of open general counsel positions filled by women last year. The increase is attributed to the need for in-house experience which companies now want, having previously hired one in three general counsel from top partner ranks in law firms. Women, who are still struggling to get on the equity partnership ladder, are turning away from law firms to corporate life.  Within the last three years, 91 percent of women hired externally had in-house experience and 61 percent had been a general counsel.

 
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12.07.2017

Book Review: 50 inventions that shaped the modern economy

The world of economy is shaped by many different choices made by human beings. It is also shaped by objects which, sometimes, one would not think of. The book by Tim Harford, Fifty Inventions that Shape the Modern Economy, published by Little, Brown, is entertaining and sometimes surprising.

 
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12.07.2017

European Top Court rules in favour of burqa ban in Belgium

The European Court of Human Rights on Tuesday upheld a Belgian ban on wearing the niqab, a full-face veil, in public spaces. The court dismissed two cases, Belcacemi and Oussar v. Belgium and Dakir v. Belgium, that asserted the ban was in violation of Articles 8, 9, 10 and 14 of the European Convention on Human Rights.  Both cases concerned women who chose to wear the veil of their own volition and felt the ban was discriminatory and without a "legitimate aim." The court rejected the claims that the ban violated a right to private life under the Convention finding that it "could be regarded as proportionate to the aim pursued, namely the preservation of the conditions of 'living together' as an element of the 'protection of the rights and freedoms of others'." 

 
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11.07.2017

How does Renewable Energy Affect Coal Futures Growth? Interview with Dan Gramza

By 2030 Europe is aiming to have 27% of energy market in renewable energy.  On June 26 New York State was the 4th State in USA to commit to 50% use of renewables by 2030.  Not to mention rapid growth of the Australian and Asian markets.  Picking Alpha has asked Dan Gramza to comment on the relationship between Renewable Energy and Coal Markets. Q.: On what parts of Renewable Energy value chain do we have fully developed future markets? D.G.: At the present time, we do not have Renewable Energy futures markets.

 
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11.07.2017

Fancy color diamonds, a new market waiting to be explored

Fancy diamonds are considered to be true works of art, comparable only to priceless paintings and other items that elude conventional valuation standards: their value is the result of a series of factors determining a unique price that cannot be obtained with a sterile calculation.

 
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11.07.2017

Asia’s winning cities

Asia Pacific’s (APAC) population, at almost 3.5 billion, is twice that of Europe and the Americas combined. The tremendous speed of migration from rural to urban locations has led to the creation of many large, densely populated cities, such as Hong Kong and Singapore.

 
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11.07.2017

Nevada declared "state of emergency" for marijuana sales

Legalized recreational marijuana is a hit in Nevada, so much so that the state’s pot stores are almost out of supply after just 10 days. On Friday, Gov. Brian Sandoval endorsed the department's call for a "statement of emergency," which would allow for more licensed distributors, the Reno Gazette-Journal reported. The problem is pretty simple: there’s no supply for a booming demand. Nearly 50 dispensaries in the state have licenses to sell marijuana for recreational use. Those sales got underway on July 1. But those same retailers do not legally have the authority to restock their inventories.

 
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Events


Semptember 2015
  • 19
    Sep

    Cet événement, organisé par Business and Professional Women (BPW) Switzerland, le magazine L'Agef

  • 20
    Sep

    La relazione con le banche, le aspettative delle parti e le problematiche pratiche

  • 20
    Sep

    Trust, fondazioni e altri istituti di pianificazione

  • 20
    Sep

    Die Investora Zürich bringt das Top-Management von börsenkotierten Schweizer Firmen mit Small- und

  • 21
    Sep

    Dieser Intensivkurs bietet Ihnen praxisorientierten Uberblick der modernen konzepte, die Sie als ins

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