News

16.03.2017

Swiss pension reform: parliament approved

The National Council approved, by 101 votes against 91 with 4 abstentions, the proposals of the Conciliation Conference over the Retirement Provision 2020. Earlier, the Council of States had supported the project with 27 votes against 17. The dossier is now ready for final voting. Now the people will have to give its opinion on September 24th. In his final address to the House on Thursday, Interior Minister Alain Berset on behalf of the government stressed the crucial importance of the reform for “Switzerland, the people, the economy and the stability of the institutions”.

 
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16.03.2017

Canadian police warns over Bitcoin fraud scheme

Durham Regional Police Service (DRPS), Ontario, Canada, has issued a warning against digital currencies such as bitcoin after residents reported related fraud schemes. According to a notice posted last week, the Canadian Police said that fraudsters contact residents, promising to make money. They also send cheques to the victims, asking money to purchase bitcoins. 

 
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16.03.2017

SNB keeps rates under control, looking at european elections

Following its latest quarterly policy meeting, the Swiss National Bank (SNB) made no changes in interest rates and it kept its target range for three-month Swiss franc Libor at -1.25% to -0.25% and the rate it charges on sight deposits at -0.75%. Consensus forecasts were for an unchanged policy, although there had been some speculation that a shift could be sanctioned with a further rate cut. The SNB reiterated that the franc is still significantly overvalued and that it would remain active in the foreign exchange market as necessary.

 
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16.03.2017

US has invested in robotics more than Swiss GDP

Investment in robotics is a growing trend within the United States and other parts of the world. It’s clear that these little, and huge metal men, are going to become a huge factor in the future of industrialism and everyday life. According to a report from Redwood Software and the Center for Economic and Business Research (CEBR), the U.S. is the leader in the investment of robotic automation.

 
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16.03.2017

Tech Giants support Google in the battle against FBI

After a Pennsylvania court ruled that Google has to hand over emails stored overseas in response to an FBI warrant, Apple, Amazon, Cisco, and Microsoft are supporting the Mountain View-based company. Google, Facebook, and other Silicon Valley giants backed Apple’s decision not to create an iPhone backdoor that would compromise the security of iOS. Now Apple is returning the favor by standing alongside Google in its fight against an FBI search warrant. Apple knows all too well what it’s like to battle with the FBI. Under CEO Tim Cook, Apple has also taken a broader pro-privacy stance, most famously refusing to code a backdoor into iOS so the FBI could access the iPhone 5c of San Bernardino shooter Syed Rizwan Farook and became embroiled in a legal battle with the bureau that went on for months.

 
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15.03.2017

Italy, Switzerland: another step together to discover "recalcitrant" account holders

Italian and Swiss tax authorities have signed an accord to improve the exchange of information to fight tax evasion, with Italy’s Economy Ministry on one hand and Switzerland’s Confederation’s Tax Administration on the other. The agreement, which took effect on March 2, aims to further enhance transparency following a previous accord which was introduced last summer, the italian ministry said in a statement on Tuesday.

 
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15.03.2017

Why Trump makes the case for emerging markets

Donald Trump’s first weeks as US president are turning out to be just as controversial as his bruising election campaign. A flurry of executive orders on border controls, trade and healthcare has dominated headlines, causing dismay and galvanising opposition.

 
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15.03.2017

EFG to discuss with BTG over final BSI price

EFG International is gearing up for a battle with Brazil's Grupo BTG Pactual SA over the value of BSI Bank, with the Swiss private bank now expecting to cut the purchase price by more than a quarter: it expects a downward adjustment of the estimated BSI purchase price of 277.5 million francs. The bank cautioned this was "subject to BTG's expected objection and, if necessary, verification by an independent expert". The private bank that bought BSI last year reported IFRS net profit of 339.3 million Swiss francs ($336.27 million) in 2016,  far ahead of the average estimate of 13.8 million in a Reuters survey of four analysts.

 
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15.03.2017

Dan Gramza on US Grains Markets in March – April 2017

Dan Gramza gives a brief review of the USA grains markets and their relationships with the EU grain markets.

 
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15.03.2017

EU Parliament revised gun law, will affect Swiss citizens

Controls on firearms in the European Union would be tightened under legislation approved by the European Parliament on Tuesday. The new rules would require member states to check whether deactivated weapons have been rendered permanently unusable. Such weapons are used legally on film sets or in theatre productions. The deactivated weapons must also be registered.  The directive also applies stricter controls to firearms designed to fire blanks. The European Commission had proposed to reform the firearms directive in November 2015 in the wake of the terrorist attacks in Paris.

 
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Events


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    Only a little more than half a year is remaining until implementation of PRIIPs and MiFID II, and th

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    Lo Shipbrokers and Shipagents Dinner è uno degli eventi più importanti nel panorama mondiale della

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    Within the framework of this presentation, Viktor Pershikov, MFTA, (a leading technical analyst in R

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    One of the biggest conferences in Switzerland, which brings together the private equity, venture cap

  • 06
    Jul

    Within the framework of this presentation, Viktor Pershikov, MFTA (a leading technical analyst in Ru

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