News

18.09.2017

Debt and Hurricane Damage

The US national debt is now well over $20T thanks to a debt limit suspension approved by Congress that also includes $15.25B for hurricane relief.

 
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18.09.2017

Wizz Air lets you book flights in a flexible way

Wizz Air today introduces its new “Flexible Travel Partner” service, allowing customers to create a new reservation without including all passengers’ names at the time of booking. This innovative new product has been designed for customers who want to book their trip securing low-cost fares well in advance, yet are uncertain who their travel partners will be.

 
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18.09.2017

Switzerland may vote on a nationwide burqa ban

Switzerland could become the latest country to ban facial coverings worn by some Muslim women after activists collected more than the 100,000 signatures required to put the proposal to a national vote. A committee handed in the signatures to the Federal Chancellery in Bern for a people's initiative on the issue. The federal authorities and parliament must now decide upon it, the Swiss News Agency reported.

 
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18.09.2017

Dieselgate costs 5,000 deaths more per year

Emissions from diesel cars rigged to appear eco-friendly may be responsible for 5,000 extra deaths from air pollution per year in Europe alone, according to a new study published on Monday. The numbers are in line with previous assessments of deaths due to the so-called “Dieselgate” scandal, which erupted when carmaker Volkswagen admitted in 2015 to cheating on vehicle emissions tests. The new study, published in the journal Environmental Research Letters, focuses on the perils for Europe.

 
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18.09.2017

The Bullish Pattern of the Crude Oil is Good for the Energy Stocks

Crude Oil is showing an interesting technical pattern. The rally that has developed in the first half of September has now exceeded the 200 days moving average. Furthermore the WTI is now testing the not less important trendline that joins the 2014 top with the decreasing highs of the first half of this year. This movement is part of an accumulation that had begun form the lows of 2016 and gained strength on the progressively rising lows of the last 12 months.

 
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15.09.2017

Difficult decision, says Hendry closing Hedge Fund after 15 years

Global macro fund manager Hugh Hendry has taken the “difficult decision” to close his flagship hedge fund after 15 years, in a move which will see Eclectica Asset Management close as well, Citywire Selector has learned. In a shareholder letter seen by Citywire Selector, the London-based investor, who is founder and chief investment officer of Eclectica Asset Management, said the Eclectica fund would be closed and, ultimately, the firm would shut down as well.

 
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15.09.2017

Google may invest $1 bn in Lyft

Google parent company Alphabet is in talks to invest around $1 billion in Lyft, according to published reports. The talks are being driven by top officials at Alphabet, according to Axios. The potential investment could come from either Google or from CapitalG, Alphabet's investment division, Bloomberg reported. 

 
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15.09.2017

Big Chinese Bitcoin platform to shut down end-September

BTC China, one of the China’s largest Bitcoin exchange platform, announced in a Tweet on Thursday that it will shut down Bitcoin trading within China by the 30th of September. The move comes after Chinese regulators banned fundraising through Initial Coin Offerings (ICO) on September 4th citing concerns over financial fraud and speculation.

 
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15.09.2017

Credit Suisse: $80 mln agreement will be taken in Q3 results

Credit Suisse is taking a roughly $79.5 million hit to settle charges by Massachusetts Mutual Life Insurance about its residential mortgage-backed securities (RMBS) business, the Swiss bank said late on Thursday. The new pre-tax charge will be taken in the Zurich-based bank’s third-quarter results and is in addition to its existing legal reserves set aside for the case.

 
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15.09.2017

Google hit with class-action over gender-pay discrimination

A class action filed Thursday against Google claims the tech company systemically pays women less than men in similar jobs and also enables unequal promotions and opportunities for male and female workers. The sex discrimination case filed in San Francisco Superior Court, Ellis v. Google, accuses the Mountain View, California, company of paying women at all levels less than men in comparable positions, assigning women lower-tier jobs with lower pay and compensation than men and promoting women less frequently. The lawsuit also claims Google failed to correct these issues even after being made aware of them.

 
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Events


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

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

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

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

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    Jan

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

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