News

23.10.2017

October is not the Fall (season) for Bitcoin

The Bitcoin price (BTC/USD) broke through the $6,000 on Saturday, setting a new record high of $6,194.88, according to Coinmarketcap. The price increase allowed Bitcoin’s market capitalisation to exceed $100 billion for the first time. Bitcoin has since then retreated to lower levels and is currently trading in the low $5,900. Bitcoin initially breached the $6,000 threshold Friday morning at only one exchange, Hong Kong-based Bitfinex, where investors can buy and sell cryptocurrencies such as Bitcoin and Ethereum. After remaining just a few dollars shy of the mark at other digital currency exchanges such as Coinbase, which is headquartered in San Francisco, Bitcoin officially crossed the milestone on all trading venues just as U.S. stock markets closed Friday.

 
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23.10.2017

Swiss oncology company ADC Therapeutics raised $200 million private financing

Just days after Gilead and its new subsidiary Kite won a groundbreaking FDA approval for their CAR-T therapy Yescarta for B-cell lymphomas, Lausanne, ADC Therapeutics (ADCT), an oncology drug discovery and development company that specializes in the development of proprietary Antibody Drug Conjugates (ADCs) targeting major cancers, announced that it has raised $200 million through a private placement. The financing was oversubscribed and supported by both existing and new investors, including Auven Therapeutics, Redmile, the Wild Family Office and AstraZeneca.

 
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23.10.2017

Gender Gap: women in UK work for free since mid-October

The gender pay gap refers to the difference in pay between men and women are paid for doing exactly the same job. In most cases, women are paid less tha their male counterparts. Women in the UK stop being paid on 15th October whereas the average cut off date for Europe is 30th October. According to Eurostat, the gap between male and female salaries in the UK is 20 per cent. The disparity means that by 16 October men have already been paid the amount it would take a woman doing the same job a whole year to earn.

 
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23.10.2017

Hedge Fund Traders are a little bit narcissists

The world of hedge funds is often a cut throat one, where manipulation is often considered just a part of the game. But a new study shows that the most aggressive, ruthless traders actually do worse than the ones who try a little tenderness. The study, found in the latest issue of Personality & Social Psychology Bulletin, finds that hedge fund managers who exhibit ‘psychotic’ behavior (defined by healthcare professionals as someone who acts in a manipulative fashion for personal gain) had the worst investment records.

 
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23.10.2017

The Japanese Market: Anatomy of a Secular Reversal

For many years in the last two decades the Japanese equity market has been taken as a textbook case of secular bear market. Since the historical high of 1989 the Nikkei 225 stock index of Japan has been subdued by a prolonged downtrend that hit its lowest low in 2009 after losing about 80% from the high. Intermediate rallies had developed meanwhile, some of them were consistent, like the four years recovery started in 2003, but the although considerable +130% that followed did not reverse the secular trend that prevailed again thereafter whit a new deep fall.

 
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20.10.2017

Switerzland: Asylum requests dropped after Balkan route closure

The number of requests for asylum in Switzerland has fallen sharply after authorities in other European countries closed the Balkan land route used by thousands to flee conflicts, Swiss authorities said Thursday. Requests for asylum in Switzerland fell by one-third in September compared to the corresponding period last year, the State Secretariat for Migration said.

 
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20.10.2017

App review: Brainscape to up your work dinner skills

 
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20.10.2017

London house prices fall again, Brexit effect?

Two separate house price surveys published Monday, report a further decline in London property prices in September and October. According to the monthly house price index from Acadata and LSL Property Services, the average house price in England and Wales fell 0.1% on the month and rose 1.3% on the year, in September. However, excluding London and the south east, annual house price inflation was 3.3% higher.

 
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20.10.2017

Lancet's study finds Pollution kills more than wars

Environmental pollution — from filthy air to contaminated water — is killing more people every year than all war and violence in the world. More than smoking, hunger or natural disasters. More than AIDS, tuberculosis and malaria combined. One out of every six premature deaths in the world in 2015 — about 9 million — could be attributed to disease from toxic exposure, according to a major study released Thursday in the Lancet medical journal. The financial cost from pollution-related death, sickness and welfare is equally massive, the report says, costing some $4.6 trillion in annual losses — or about 6.2 percent of the global economy.

 
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20.10.2017

Greece government plans 1 billion euro for a Merry Christmas

Greece plans to offer handouts worth 1 billion euros to poor Greeks who have suffered during the seven-year debt crisis after beating its budget targets this year, the government said on Thursday. The country expects to return to nearly 2 percent growth this year and achieve a primary surplus – which excludes debt servicing costs – of 2.2 percent of gross domestic product, outpeforming the 1.75 percent bailout target.

 
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