News

16.06.2017

Singapore, Hong Kong undermine Swiss leadership in attracting offshore wealth

Global private wealth gained momentum in 2016, but wealth managers face a host of challenges if they hope to fight off competitors, deepen client loyalty, and put both revenue and profit growth on a sustainable positive trajectory, according to a new report by The Boston Consulting Group (BCG). Switzerland remains the world’s No. 1 offshore wealth management hub with $2.4 trillion in assets, twice as much as Singapore’s, the report showed. BCG expects this number to rise to $2.8 trillion by 2021.

 
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16.06.2017

EU closed roaming costs era, except in Switzerland

Mobile phone users in Europe will soon be free to use their regular call, text and internet allowances anywhere within the EU at no extra cost under new rules which abolish data roaming charges across the union. As of Thursday June 15, all mobile network operators in Europe will be prohibited from charging additional fees for overseas use within the EU as part of continued efforts by the EU to forge a Digital Single Market across EU member states. It is free to use your phone in European countries as if you were at home. You will still pay your normal monthly or pay as you go bill, but you won't be charged extra for using your minutes, texts and data when you're on holiday.

 
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16.06.2017

UNICEF report revealed children live in poverty also in rich countries

One in five children in rich countries lives in relative poverty, according to a UNICEF report published on Thursday that put the US and New Zealand among the world's worst performers for youth well-being. The UN children's agency UNICEF has warned that its report should serve as a "wake-up call" to the high rate of children in rich countries living in relative poverty. The report makes clear that "higher incomes do not automatically lead to improved outcomes for all children," said Sarah Cook, director of the UNICEF research center Innocenti. Cook called on all governments to take action in eliminating inequality in child welfare.

 
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15.06.2017

Switzerland tops Innovation Innovation Index while gaps persist in the world

Switzerland, Sweden, the Netherlands, the United States and the United Kingdom are the top five global innovative economies, according to the Global Innovation Index 2017, released today. “Innovation Feeding the World” is the theme of the Global Innovation Index 2017 (GII 2017), the tenth edition of the index, which was presented today at a press briefing at the United Nations in Geneva. The Global Innovation Index 2017 (GII 2017) is co-published by the Cornell University, the European Institute for Business Administration (INSEAD) and the World Intellectual Property Organization.

 
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15.06.2017

Greece to get cash and ideas over debt relief

Greece's international lenders prepared on Thursday to unblock as much as €8.5 billion in loans that Athens desperately needs next month to pay its bills, and to give some idea of what debt relief they may offer over the long-term. One of the reasons why Greece's bailout program has stalled over the past few months has been a disagreement between the eurozone and the International Monetary Fund on debt relief. The IMF, which has contributed financially to Greece's first two bailouts but not the third, has wanted more information about what debt relief Greece may get before it gets more involved in the current program, which is due to end in the summer of next year.

 
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15.06.2017

Zurich will host the First Finance Museum in Switzerland

Zurich gets a new museum. The ‘Swiss Finance Museum’ will open on 28th June and it will be located at the new head office of Six in Pfingstweidstrasse 110. The ‘Swiss Finance Museum’ will offer visitors a new multimedia exhibition illustrating the origins of our economic system as well as the major significance of the financial market and its infrastructure for our everyday life. The exhibition focuses on stock exchange trading, the capital market, financial instruments, payment transactions and technical objects, demonstrating the exemplary innovation of the financial industry

 
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15.06.2017

SNB maintained its policy: no change rates in June

The Swiss National Bank kept interest rates unchanged at record lows, citing the strong currency and an absence of price pressures and the SNB held its deposit rate at -0.75%. It also affirmed its commitment to wage currency market interventions and reiterated that the franc was “significantly overvalued.” Consensus forecasts were for an unchanged policy.

 
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15.06.2017

Fed raises interest rates, sets plane to reduce balance sheet

For the second time this year,  the Fed hiked interest rates, in a widely expected move that reflects the central bank's confidence in the U.S. economy. After two-day meeting on Wednesday, the Federal Reserve’s Open Market Committee raised their benchmark interest rate by 25 basis points to a range of 1% to 1.25%. The move was essentially a foregone conclusion and the market was pricing in a 99% chance of a rate hike, according to CME Group's FedWatch tool.

 
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15.06.2017

Fingerprint scanner will replace boarding pass, US flight carrier test

Transportation Security Administration (TSA) announced on Tuesday new fingerprint tech will first undergo proof-of-concept tests at Hartsfield-Jackson Atlanta International Airport and Denver International Airport. TSA did not provide an exact start date, but the evaluation will examine how using fingerprints as both boarding pass and identification will function at security checkpoints over the course of four weeks starting mid-June. It would only work for passengers who previously provided fingerprints by enrolling in the TSA PreCheck screening program.

 
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14.06.2017

Ethereum surges at record, ready to the Flippening?

Relative to Bitcoin, Ethereum was an unknown cryptocurrency. Now, it’s reaching record highs after Russian President Vladimir Putin met with its founder. A new cryptocurrency called Ethereum reached another record high, driven by the potentials of the blockchain technology and supports from Russia, Singapore, and Japan. Ethereum is now up over 5,000 percent since the beginning of this year. On Monday, its price hit $407.10, this was a record level which marked a more than 5,001 per cent rise in price since 1 January when ethereum was trading at $7.98.

 
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Events


Semptember 2015
  • 19
    Sep

    Cet événement, organisé par Business and Professional Women (BPW) Switzerland, le magazine L'Agef

  • 20
    Sep

    La relazione con le banche, le aspettative delle parti e le problematiche pratiche

  • 20
    Sep

    Trust, fondazioni e altri istituti di pianificazione

  • 20
    Sep

    Die Investora Zürich bringt das Top-Management von börsenkotierten Schweizer Firmen mit Small- und

  • 21
    Sep

    Dieser Intensivkurs bietet Ihnen praxisorientierten Uberblick der modernen konzepte, die Sie als ins

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