Switzerland will limit Bulgarian and Romanian citizens' access to the Swiss labour market for the next 12 months, the government said on Wednesday, as it seeks to slow increased migration from those two countries since last year, Reuters reported. The number of five-year "B" residence permits for people coming from the two countries will be fixed at 996: the decision would be due to the threshold of workers from those countries taking largely seasonal jobs had been exceeded between June 2016 and May 2017.
Art investors, collectors and owners will be able to trade shares in fine art for the first time on a unique online marketplace powered by blockchain technology. Maecenas is a new marketplace for fine art investment that uses blockchain technology to revamp what its founders claim to be a market that has largely remained unchanged for more than 300 years. It will also allow any investor to have a fractional share of a masterpiece. Maecenas focuses on masterpieces and proven successful artists. The platform only lists art pieces worth US$1 million and above.
The Swiss National Bank unveiled the second note in its new banknote series on Wednesday. The new 20 franc note, which will be in circulation from May 17th, follows the release of the first in the series, the 50 franc note, last year. Overall, the National Bank’s new series of banknotes is intended to reflect “the many facets of Switzerland”. The design of each note centers around a primary theme. On the 20-franc note, this will be light. A hand, the earth and butterflies are the main motifs on the note.
Swiss Life had a «good start» to the year 2017, with fee revenue of 340 million Swiss francs, an increase of 5% compared with the same period a year ago. Premiums dropped 1% to 6.5 billion francs, the company said in a statement today. Five analysts polled by Reuters had on average expected gross premiums to fall 1.3 percent to 6.595 billion francs. "Swiss Life has made a good start to the year," Chief Financial Officer Thomas Buess said in a statement. "We also managed to increase fee income and assets under management in the first quarter of 2017. That shows we are continuing our progress toward implementing our group-wide program 'Swiss Life 2018'."
Credit Suisse USA said Tuesday it will expand its Research Triangle Park operations, creating 1,200 new jobs and spending $70.5 million on capital investments. Eric Varvel, president and chief executive of Credit Suisse USA, said the company had planned to expand earlier in North Carolina, but held off because of House Bill 2, known as the transgender restroom law. “While it was on the books, we chose to halt our expansion plans in the state and consider other options,” Varvel said. “We realize the recent repeal of HB2 contains some compromises, and while not perfect, it is an important first step that re-establishes the minimum conditions for us to expand our presence in the state.”
In the first part of this series, you have learned how to identify a special reversal formation using the Bollinger bands and a Hammer (-Candlestock). In the second part, strong, partly panic-like price-slides serve to determine promising trade-candidates. The more intense the price decline, the greater the probability of a counter-movement.
Bankers in junior positions in the City of London who work for British-headquartered banks picked up bonuses of just a quarter of what those working for American institutions in the UK earned, according to research by salary-benchmarking site Emolument. Salary-benchmarking site Emolument surveyed 1,640 London bankers on this year’s bonus payouts and found the majority were either unhappy with, or unsure how to feel about, the amount they received.
The Swiss State Secretariat for Economic Affairs (SECO) reported Tuesday that 3.3 percent of Switzerland's working population was jobless in April, down from 3.4 percent in March 2017. According to latest figures, 5,953 fewer people were unemployed last month, with 146,327 men and women classified as such by local authorities in the period under review.
The most widely monitored ‘fear gauge’ on Wall Street has fallen to its lowest level since 1993, helped by one of the strongest corporate earnings seasons in years, geopolitical risks around North Korea cooling off, and Emmanuel Macron’s French presidential victory removing a possible source of upset across Europe. The CBOE Volatility Index, better known as the VIX and the most widely followed barometer of expected near-term stock market volatility, closed at 9.77, its lowest close since December 1993, according to Bloomberg data. The index is the most widely followed barometer of expected near-term stock market volatility and tends to spike when there are potential sources of shock on the horizon. But analysts said this week that there are no obvious risky events immediately in the pipeline and macro-economic data has been relatively robust too.
Regulierung – seit der Finanzkrise prägt der Ruf nach mehr Kontrolle das Banking: Wegen regulator
Die Fonds-Konferenz der SKSF ist eine wichtige, branchenspezifische Plattform für Wissens- und Erfa
2 evenings to find out about the latest from the digital industry & 2 days to find ideas and to crea
ICDA will return this year to its alpine home for the 38th Bürgenstock Meeting.
The objective of the Conference is to bring together all the diverse stakeholdersinterested in a pol
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