News

20.09.2017

Bitcoin is a Bubble, chief of the world's largest hedge fund says

The founder of the world's largest hedge fund he believes that there's a bubble in the bitcoin market. Ray Dalio is the founder of Bridgewater Associates, which according to recent rankings is the biggest hedge fund by total assets under management. Per its website, Bridgewater manages around $160 billion in assets.

 
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20.09.2017

How much Swiss bees help economy?

For the first time, scientists have put a figure on their important work transporting pollen between flowering plants. Experts at the government's agriculture research centre, Agrosope, have calculated that the work of Swiss bees is worth CHF350 million ($365 million) annually.

 
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20.09.2017

Switzerland, Hong Kong open dialogue over Fintech

The State Secretariat for International Financial Matters (SIF) under the Swiss Federal Department of Finance and the Hong Kong Monetary Authority (HKMA) launched on Tuesday in Bern a financial dialogue to promote co-operation on financial market issues of common interest. At the margin of the Dialogue, the Swiss Bankers Association (SBA) and the HKMA facilitated an open seminar for the private sector.

 
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20.09.2017

Deutsche Bank warned where the next financial crisis could happen

Deutsche Bank analysts have warned China could be at the centre of the next financial crisis. Research by the bank’s strategists Jim Reid, Nick Burns, Sukanto Chanda and Craig Nicol found China still needs to reposition its economy "from manufacturing to services and investment to consumption.”

 
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19.09.2017

Norway's sovereign fund reaches $1 trillion

Established to manage Norway's oil revenues, the country's sovereign wealth fund surpassed the $1-trillion (1.8-trillion-euro) mark on Tuesday thanks to the recent appreciation of the world's major currencies against the US dollar and rising stock markets across the world. This amount equals nearly $189,000 (€157,000) for each of the 5.3 million people living in Norway.  Established in the 1990s to manage the Norwegian state's oil revenues, the fund set the record thanks to the appreciation of the world's major currencies against the dollar and a good stock market health. 

 
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19.09.2017

Switzerland : FINMA shuts down fake cryptocurrency providers

FINMA, Switzerland’s Financial Market Supervisory Authority, has shut down a cryptocurrency racket as part of its latest efforts to tackle digital currency fraud. Per its latest edict, FINMA’s victim was a fake cryptocurrency provider. It is at the same time pursuing as many as twelve other cases amidst an uptick of fraud in the country. The action came less than a week after China unveiled its own harsh measures. In addition to a blanket ban on ICOs, China-based cryptocurrency exchanges must stop trading and notify users of their closure by month’s end.

 
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19.09.2017

Equifax's problems grow: prosecutors open investigation over stock sales

Federal authorities have opened a criminal investigation into the massive data breach at Equifax, which potentially exposed the personal information of up to 143 million Americans, including their Social Security and driver’s license numbers. Federal prosecutors are examining the nearly $1.8 million in sales of Equifax stock by Chief Financial Officer John Gamble, Joseph Loughran, president of the credit-reporting giant's U.S. Information Solutions division, and Rodolfo Ploder, president of the firm's Workforce Solutions Unit, Bloomberg News reported, citing unidentified people familiar with the investigation.

 
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19.09.2017

Bankruptcy, the final destination for Toys R Us

Toys “R” Us announced late Monday night that it filed for Chapter 11 bankruptcy, though the company’s leadership assured customers its 1,600 stores around the world would continue to operate normally. The company, once America’s powerhouse of toys, has been struggling for years even as the toy industry grew. Instead, it plans to restructure the $5 billion of long-term debt with which the company is saddled in hopes of keeping it afloat in a marketplace that has vastly changed with increased competition from both big box stores such as Walmart and Target, and online retailers such as Amazon.

 
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19.09.2017

Dilemma in the sky: EU warns Ryanair to respect the rules

More than 300,000 Ryanair passengers have had their travel plans thrown into disarray as a result of a rolling programme of flight cancellations that will hit 2 per cent of all of the airline’s flights between now and the end of October.  Ryanair chief executive Michael O’Leary blamed a “messed-up” rostering system and a need to give pilots “lots of holidays over the next four months”. He said the roster issues arose due to a change in the way the airline records flight hours. Under EU rules, pilots can only fly 900 hours a year, and 100 hours in any month.

 
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18.09.2017

Dirty Money? Someone is flushing €500 notes in Geneva's toilet

Swiss prosecutors are trying to figure out why someone apparently attempted to flush tens of thousands of euros down the toilet at a Geneva branch of UBS Group AG.  The first 500-euro ($597) bills were discovered several months ago in a bathroom close to a bank vault containing hundreds of safe deposit boxes, according to a report in Tribune de Geneve confirmed by the city prosecutor’s office. A few days later, more banknotes turned up in toilets at three nearby restaurants, requiring thousands of francs in plumbing repairs to unclog the pipes.

 
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Events


Semptember 2015
  • 22
    Jan

    The caspian week conference is a meeting point of visionaries, market leaders and experts with the f

  • 22
    Jan

    The climate transition creates opportunities and risks, and financial institutions and corporations

  • 22
    Jan

    Seit über 30 Jahren ist die ZfU International Business School Gastgeber für die angesehensten Inve

  • 30
    Jan

    Over 150 Fintechs CEOs from all over the world will be in both panels & interviews and on this stage

  • 31
    Jan

    From 2018 onwards, Switzerland’s financial fair will only be open to professional investors. This

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