The Swiss federal tax administration (FTA) decided not to appeal against a court decision to let UBS inspect files and receive information in a tax investigation by French tax authorities, FTA said on Monday. Swiss law generally requires banks to automatically hand over client information without a right to be involved in such cases.
After the 2007/2008 crisis that led the financial markets to chaos, there was an urge for the implementation of regulatory reforms to recreate a stable and efficient financial system. In reaction, the U.S.A. passed the of Dodd-Frank Act in 2010, and the European Market Infrastructure Regulation (“EMIR”) in 2012 in the US and EU respectively are some examples of how the Regulators aim to set strict rules for the entire financial system in view of avoiding another crisis.
The US Dollar was almost frozen against all other currencies, including the Canadian Dollar, as the currency exchange rate was only four pips higher than the opening price by mid-Tuesday. Although, the pair experienced some volatility, it does not even matter, if the US presidential elections are being taken into account. The whole basis and policy of the largest economy in the world is about to be changed or enforced even further by the results of the election, which will come in the upcoming hours. If Clinton wins, the Greenback will surge, and vice versa in case of a Trump victory.
During this seminar we will analyze the current market trend on major stock indices, currency pairs and commodities using a combination of Macro and technical analysis. You will also familiarize with a number of tools, indicators and methodology useful to profit in financial markets
The Government of Equatorial Guinea accused "French lobby groups, with the complicity of Swiss media and institutions," of conspiring in "a false and wholly negative media campaign" against the country's Vice-President, Teodoro Nguema Obiang Mangue. In a statement released on Monday night, the government condemned actions by France and Switzerland that it said were designed to influence the International Court of Justice (ICJ) in The Hague as it deliberates over the case brought by Equatorial Guinea against France.
UBS and Credit Suisse send clear signals: cutting costs is the first step, possibly within the year. Q3 results showed, in fact, that the two banks are still spending too much. UBS saw its revenue shrink losing revenue from the wealthy customers and restless showing on the face of trading. Income, in practice, have fallen faster than the process of reducing the part of the bank charges. Instead Credit Suisse had almost reached the target in 2016, but in the third quarter expenses were up 2%.
The unemployed registered at employment offices at the end of October, were 144.531 in Switzerland, or 1.856 units more than the previous month, according to figures released by the State Secretariat for Economic Affairs (SECO). However, the unemployment rate remained unchanged at 3.2%, confirming the trend from May. At the beginning of the year it was 3.6%.
In his last webinar, Ashraf Laidi, financial analyst and trader, author of "Currency Trading & Intermarket Analysis", has analyzed different financial instruments, using technical analysis and seasonality. In particular Ashraf Laidi focused on what will be the future movements of EUR/USD, Oil and USD/CAD prices. Particularly timely was the forecast on Oil which, a few hours after the webinar, felt below the threshold of 50 dollars a barrel.
The constant and fast growth of impact investing during the last few years shows the economic signif
Why Malta – a vibrant economic environment in a dynamic jurisdiction
The Paris Fintech Forum 2017, organized by Altéir with the support of 60+ international partners, a
I presidi informativi in fase di implementazione a livello internazionale ed europeo attraverso le m
Im Banking steht der Kunde im Zentrum, das war schon immer so. In einem sich stark verändernden Umf
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