News

21.10.2016

Malta’s RICC regime: the Honeycomb fund services platform (by Zeta)

In recent years Malta has continued to evolve into an ever-stronger and robust financial domicile, attracting financiers and investors alike This has been catapulted further by the island’s alluring and favourable tax schemes coupled by new approaches to fund management and investment schemes in its on-going determination to find innovative means to find dynamic, business-friendly solutions for business people.

 
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21.10.2016

UBS, Amazon unit to create digital financial expert

UBS and Amazon are teaming up to test a digital tool which could help investors to choose their financial strategy. The project is an endeavor by the UBS Wealth Innovation Lab in Zurich, led by Dave Bruno, the bank said in a statement on Thursday.  "Amazon Alexa" will be the digital voice of "Amazon Echo", an hands-free speaker, and will answer over financial questions made by customers. The iniziative will be tested on November with a "select group", the bank didn't reveal other details. 

 
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21.10.2016

Mondo TV close a deal with Nine Hong Technology

Mondo TV has reached an agreement with Nine Hong Technology, a Hong Kong-based company, for the purchase by the latter of a share of 70% of the exploitation rights of the new projects that Mondo TV will produce with Henan York Animation , announced a few days ago, and two other projects for China and 10% of the exploitation rights in the rest of the world.

 
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20.10.2016

ECB is waiting for December to change programme

he European Central Bank (ECB) on Thursday confirmed monthly purchases of $80 billion in government paper, known as the quantitative easing (QE) programme  while interest rates remained flat or come lower for a prolonged period with the principal rate at 0.00%, the bank deposit rate at -0.40% and refinancing rates at 0.25%.

 
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20.10.2016

Switzerland opened investigation over Equatorial Guinea Vice President Obiang

Swiss prosecutors have begun a preliminary investigation into Teodorin Nguema Obiang, the son of the president of Equatorial Guinea, who is set to go on trial in France for alleged misspending of public funds, as the Switzerland's 24 Heures newspaper reported Tuesday. The Swiss Federal Office of Justice confirmed it had sent a judicial request to French authorities seeking support for its probe of Obiang. He is accused of acquiring real estate, luxury cars, art and other goods in France with public funds from the native country. Geneva prosecutor's office spokesman declined further comment about the investigation.

 
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20.10.2016

The schizhophrenic economy

According to the FED, the recovery after the crisis of 2008 is coming along nicely although it is a bit slower in Europe.  The FOMC is still debating whether a rise in interest rates is indicated, and December seems to be the right month for another rise of 25 basis points.

 
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20.10.2016

Saudi Arabia set $17.5 billion bond sale

Saudi Arabia has raised more than $17 billion in its first foray into the global bond markets, according to news reports, as the kingdom struggles to close a budget deficit caused by declining oil prices. The issue eclipsed the previous record for an emerging market sovereign bond sale, a $16.5 billion issue by Argentina in April, Reuters reported. The bonds are due to be repaid in 5, 10 and 30 years and are expected to trade at a 160-235 basis point premium to US Treasuries. The notes are expected to be rated A1 by Moody’s and AA- by Fitch.

 
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20.10.2016

Former banker Julius Bär condemned for misappropriation

Domenico Petrella, a former executive at Bank Julius Bär, was sentenced to 4 years and 6 months imprisonment and compensation of private accusers over the misappropriation of about €15 million, by the Court of Criminal Lugano, presided over by Judge Mauro Ermani, as reported by the Giornale del Ticino. The banker had cheated forty Italian customers by attracting approximately €15 million to play them at the Casino of Campione.

 
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20.10.2016

Mexican Peso move suggests Clinton won debate

Mexico’s peso reached a six-week high in a signal that Hillary Clinton held on to her advantage over Donald Trump in the final U.S. presidential debate. The currency was up by 0.2% at 18.4937 per dollar around 10:45 p.m. ET. Earlier, it drifted between little changed to down by as much as 0.2% as the two candidates spoke.

 
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20.10.2016

US housing dropped in September against estimates

US housing starts dropped unexpectedly last month, whereas building permits rose more than expected, official figures revealed on Wednesday.  According to the US Department of Commerce, overall groundbreaking activity, however, declined 9.0% to a seasonally adjusted annual pace of 1.05 million units last month, the lowest level since March 2015, while market analysts anticipated a slight increase to 1.18 million units during the reported period. 

 
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Events


Semptember 2015
  • 24
    Jan

    The constant and fast growth of impact investing during the last few years shows the economic signif

  • 25
    Jan

    Why Malta – a vibrant economic environment in a dynamic jurisdiction

  • 25
    Jan

    The Paris Fintech Forum 2017, organized by Altéir with the support of 60+ international partners, a

  • 26
    Jan

    I presidi informativi in fase di implementazione a livello internazionale ed europeo attraverso le m

  • 26
    Jan

    Im Banking steht der Kunde im Zentrum, das war schon immer so. In einem sich stark verändernden Umf

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