The Swiss National Bank's foreign-exchange reserves, accumulated on a massive scale since 2012, dipped slightly last month to 693.5 billion Swiss francs ($721 billion), the SNB said Friday. The figures suggest the central bank has pulled back on its currency intervention efforts. It was the second successive month, despite the central bank’s continued complaints about the effects of an “overvalued” franc.
The US private sector created less than expected jobs last month, suggesting that job creation started to cool after strong gains registered earlier. The ADP National Employment Report released on Thursday showed companies added 158K new jobs to the economy in June, following the preceding month's downwardly revised figure of 230K and surpassing analysts' expectations for an 185K increase.
Switzerland's supreme court has dismissed an appeal by former FIFA vice president Michel Platini against his four-year ban for financial wrongdoing. The Swiss Federal Tribunal says the ban imposed by the Court of Arbitration for Sport "does not appear to be manifestly excessive." Platini held little hope of gaining a victory from the Swiss court, according to a statement from the former UEFA president's lawyers in Paris.
In late May, Amazon engineer Mike Roberts unveiled Stockstream — an experiment in letting viewers of his Twitch livestream play the stock market with $US50,000 of his own money. Twitch is a live streaming video platform primarily used to stream video game play. It was acquired by Amazon for $970 million in 2014. A month later, and the experiment is still going strong. Over the course of 2,125 trades, Stockstream players have voted to pick out a diversified portfolio that now includes a handful of shares in Ford, Costco, Apple, and GE, among many others.
Japan and the European Union agreed on a free trade pact on Thursday to create the world's biggest open economic area and signal resistance to what they see as U.S. President Donald Trump's protectionist turn. Concluded in Brussels on the eve of meetings with Trump at a summit in Hamburg, the "political agreement" between two economies accounting for a third of global GDP is heavy with symbolism. The deal will rival the size of NAFTA, the free trade accord that the US has with Canada and Mexico — currently the largest one in the world.
Switzerland's unemployment rate remained stable in June, data from the State Secretariat for Economic Affairs showed Friday. The jobless rate held steady at seasonally adjusted 3.2 percent in June, in line with expectations. The rate fell 4% year-on-year, 5’524 less than one year ago.
International tax systems are making progress in becoming fairer and more effective, a report led by OECD Secretary-General Angel Gurría has concluded. In the report compiled ahead of the G20 summit in Hamburg this weekend, Gurria said the improvement of tax systems in global economies has been a major achievement of the group of states.
The Fed has invoked 2% as the magic number for inflation but claims that its goals have not been reached even though the economy is doing well and, therefore, interest rate hikes are justified. Inflation statistics depend on where one looks for inflation and the weighting given to different components. It is obvious that statistics can be manipulated and, unsurprisingly, consumer price inflation in the US is low, under 2%. Workers consequently do not have the argument of high inflation to justify requests for pay rises.
MarketPlus went in search of the Swiss incubators for startups. Here is the first, Kickstart Accelerators, working in the field of FinTech, Food, Smart Cities, Robotics & Intelligent Systems, EdTech and Healthcare. Patricia Schlenter, Program Manager, explained us how it works. «Kickstart Accelerator invites 50 startups from all over the world for 11 weeks to Switzerland where they are provided with coworking space, seed funding as well as direct access to leading corporate partners, investors and experts. Moreover, they get a chance to win up to 25`000 CHF of grants. Throughout the program, the startup founders join well-structured workshops and receive high-quality mentoring. Moreover, Kickstart Accelerator provides startups with the possibility of attaining a proof of concept with one of the corporate partners.
Deep-freeze logistics company Nordfrost has won a copyright lawsuit against a Swedish neo-Nazi organization, local media reported Wednesday. The firm claimed that the Nordic Resistance Movement (NRM) using the term "Nordfront" for their website and promotional materials could be mistaken for their brand. "The two labels are phonetically and visually similar, differentiated only by one letter," read Nordfrost's complaint, according to Austrian public broadcaster ORF. The German firm successfully argued that the names were too similar and that there was “an obvious risk that third parties will mistakenly get the impression that there is a commercial link".
Cet événement, organisé par Business and Professional Women (BPW) Switzerland, le magazine L'Agef
La relazione con le banche, le aspettative delle parti e le problematiche pratiche
Trust, fondazioni e altri istituti di pianificazione
Die Investora Zürich bringt das Top-Management von börsenkotierten Schweizer Firmen mit Small- und
Dieser Intensivkurs bietet Ihnen praxisorientierten Uberblick der modernen konzepte, die Sie als ins
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