News

21.08.2017

Flash Crash Ahead

About 60% of stock market transactions are now coming from computers fed with algorithms based on great quantities of data. That may account for the extremely low volatility registered recently as competing algorithms buy and sell, trying to eke out profits from minimum movements in prices. Another factor is the policy of many companies implementing stock buyback programmes that benefit shareholders and reward executives by keeping the shares of the company at ever higher prices even though earnings do not justify the rise in the stock price.

 
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21.08.2017

Novartis starts the fight against malaria

Novartis and Medicines for Malaria Venture (MMV) have launched a patient trial for KAF156, a next-generation antimalarial compound with the potential to treat drug-resistant strains of the malaria parasite. The trial will test the efficacy of KAF156 in combination with a new, improved formulation of the existing antimalarial lumefantrine. The first trial center is operational in Mali and will be followed by sixteen additional centers across a total of nine countries in Africa and Asia over the next few months.  

 
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21.08.2017

HSBC and IBM work together to develop cognitive trade finance tool

IBM and HSBC are developing cognitive intelligence technology that can be used to boost the success of financial services, freeing up staff time and allowing for more innovation. The solution, which is already in use in Hong Kong and the UAE, uses IBM robotics technology to analyse documents, digitising and extracting the relevant data before feeding it into HSBC’s transaction processing systems.

 
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21.08.2017

UK: competition authority gives thumbs up for Heineken's takeover

Heineken’s £403million takeover of Punch Taverns received the grreen light by the Competition and Markets Authority (CMA) after the competition watchdog accepted plans to sell off some the almost 1,900 newly-acquired pubs to allay fears it could reduce competition. Heineken announced last December that it was teaming up with Patron Capital, the private equity firm, to buy Punch for £409m (€305m), or £1.78bn once Punch’s debt is taken into account.

 
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21.08.2017

US: Credit Suisse, UBS sued by three pension funds

Three public pension funds, including the Orange County Employees Retirement System, have sued a half-dozen Wall Street banks, alleging they illegally conspired to control a corner of the stock market, leading to higher charges for the funds and thus less money for retirees.

 
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18.08.2017

Addressing the funding gap in post-Brexit Britain

Craig Reeves, CEO and founder of Prestige Asset Management wrote the following article. Thursday the 24th of August 2017, Craig is visiting Zurich. If you are a qualified investor and would like to meet him, please let us know and send us a message.

 
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17.08.2017

Brexit: UK plans to allow EU citizens to be visa-free

The U.K. will allow visa-free travel for EU citizens entering the country post Brexit, the Times reported Thursday, but would impose restrictions on their employment. According to the report, an anticipated plan by the Home Office on post-Brexit migration will add that there will be no extra curbs on EU citizens travelling to Britain through airports and ports.  But prospective employers will have to sponsor EU applicants by applying for permits issued by the government. The number of available permits will vary according to the sector, and the government may charge companies a fee to issue them.

 
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17.08.2017

Swiss Re: global catastrophes caused losses of $44 billion in first half 2017

Reinsurance firm Swiss Re has given a preliminary estimate for global economic and insured losses from natural and man-made disasters of just $23 billion for the first-half of 2017, which is down 36% on the prior year and 30% below average. Economic losses are estimated at just $44 billion, down from $117 billion in H1 2016. It’s another signal that reinsurance pricing is set to remain under pressure, as insured losses from catastrophes, man-made incidents and severe weather events come in well below (30%) the 10-year average of $33 billion meaning reinsurance capital levels will remain abundant.

 
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17.08.2017

Expert Commentary: Focus on US and EU economies

Eurozone inflation was stable in July and unemployment reached its lowest rate since February 2009. In your opinion, how that can impact the ECB's interest rates? I think that that the ECB might be happy about the growth outlook, but inflation is still looking really subdued. There is still some more slack in the economy, which would mean the European Central Bank is fairly patient and extremely gradual in its policy. 

 
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17.08.2017

Qatar sovereign wealth fund reduces stake in Credit Suisse

The Qatar Investment Authority (QIA) has reduced its shareholding in Credit Suisse Group to 4.94 percent, amid the Middle Eastern nation’s diplomatic crisis with neighbouring countries. The QIA previously held 5.01 percent in voting rights and is reporting a sale of shares for the first time since 2008. Qatar’s overall holding – including bonds which convert into equity if capital levels fall below a certain threshold – declined to 15.91 percent from 17.98 percent after a rise in the number of outstanding Credit Suisse shares because of its capital increase.

 
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Events


Semptember 2015
  • 19
    Oct

    MGF Fall Edition is Presenting twelve High Growth companies both public and private i

  • 19
    Oct

    "Investire nel mattone" è probabilmente una delle scelte meno rischiose. La casa è un bene rifugio

  • 24
    Oct

    Two years after two historic global agreements were established, leaders and other change agents in

  • 25
    Oct

    Im September haben die Schweizer Stimmbürger die „Altersreform 2020“ des Bundesrates abgelehnt.

  • 30
    Oct

    The 2017 symposium, with the theme "Successfully crossing borders", will have a strong focus on the

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