News

27.12.2016

ECB: Italy's MPS bank needs €8.8 bn

Ailing Italian bank Monte dei Paschi di Siena (MPS) needs to fill a larger capital gap than originally reported, the Italian bank stated late Monday citing new figures from the European Central Bank. The amount needed to rescue the Europe‘s oldest financial institution is €8.8 billion ($9.2 billion).  It previously reported that it needed to raise 5 billion euros (5.2 billion dollars) by the end of the month to make up for large-scale write downs on a mountain of bad loans. The request of €8.8 billion of fresh capital was decided on Thursday, December 22, in the last meeting of the ECB’s Supervisory Board. 

 
Read More
27.12.2016

Honda, Google in talks on self-driving car prototype

Honda is in talks with Google to install the tech company's self-driving technology in Honda vehicles. Honda will have to provide Waymo with vehicles that are specially modified to accommodate the self-driving technology, while Waymo would lend Honda its insight into self-driving technology, a field every automaker is interested in these days. The automaker says that if a deal is reached, it will provide vehicles to Waymo that are modified to handle the technology. The Hondas would join Waymo's fleet that includes Lexus SUVs and Chrysler Pacifica minivans.

 
Read More
23.12.2016

Swiss KOF Economic Barometer doesn't move

Switzerland’s KOF economic barometer remained unchanged unexpectedly last month, data showed on Friday. The Swiss KOF Economic Barometer was at 102.2 for December and below consensus expectations of a further improvement to 103.00 for the month. The index remains slightly above the long-term average and continues to suggest that the economy will grow close to its long-term average over the next few months. Positive impulses to the unchanged total balance came from the manufacturing industry, weighed up by negative signals from the construction sector, but there was a more cautious tone surrounding the general business situation, the institute said. 

 
Read More
23.12.2016

Technical analysis : Gold once more surges in early hours

The yellow metal surged in the early hours of Friday's trading session. However, such a tendency has been seen throughout this week, as either scalpers take profit during the Asian session or there exists a negative sentiment on the US Dollar in Asia due to other fundamental reasons. Although, in the second half of the day of the GMT time zone the bullion steadily continues to fall. It is most likely that Friday's trading session will be no different from the few previous, as there are usually no gradual changed in finance in the period up to Christmas. 

 
Read More
23.12.2016

Deutsche Bank and Credit Suisse agree to pay billions in US fines

Deutsche Bank and Credit Suisse have agreed to pay billion in fines relating to the collapse of the US housing market that contributed to the financial crisis, striking deals before the Trump administration takes power. The government has accused the banks of misleading investors about the quality of their loans. The inquiries related to deals done between 2005 and 2007. Deutsche Bank agreed to a $7.2 billion settlement with the DoJ over its sale and pooling of toxic mortgage securities.

 
Read More
23.12.2016

Raiffeisen: no fine after agreement with US Justice

Swiss cooperative banking group Raiffeisen entered a U.S. tax settlement program in the third category, or as a bank with no criminal dealings. The Swiss bank left the programm and it didn't pay any fine, it said on Friday. Raiffeisen, Switzerland's third-biggest bank, three years ago decided to qualify itself as one of the Swiss financial institutions that had not committed any offenses under U.S. tax law. An accord with the U.S. Department of Justice this week "creates legal certainty and ends the tax conflict without payment of a penalty", it said in a statement.

 
Read More
22.12.2016

Will politics shake the global economy out of its torpor in 2017?

Many of the policy changes that populist politicians are calling for could feasibly support economic growth.

 
Read More
22.12.2016

Ex-BSI banker jailed for 30 months over 1MDB investigation

Former BSI banker Yeo Jiawei was found guilty for his role in the most complex, sophisticated and largest money-laundering case involving billions of dollars alleged to have been misappropriated from 1Malaysia Development Berhad (1MDB). Singapore sentenced former Yeo Jiawei to 30 months in jail after a 12-day trial. He is the third BSI banker convicted in the city state this year. The prosecutors had charged that Yeo had amassed $16.55 million by taking secret profits from 1MDB-linked transactions during his work for the Singapore unit of BSI.

 
Read More
22.12.2016

Credit Suisse is planning more job cuts in Switzerland?

Credit Suisse intends to cut about 900 job places in Switzerland to lift profitability as it gears up for a partial sale of the Swiss division, as Bloomberg referred today, according to two people with knowledge of the matter. Credit Suisse's ultimate goal is to eliminate 1,600 jobs in Switzerland by the end of 2018, the sources said. A spokesman for Credit Suisse in Zurich declined to comment.

 
Read More
22.12.2016

Alibaba comes back on US counterfeits blacklist

Chinese e-commerce giant Alibaba Group is back on the U.S. government's annual list of "notorious markets" that sell pirated goods. The listing carries no penalties but will likely be an embarrassment for Alibaba, which has been trying to burnish its image in international markets. On Wednesday, the Office of the United States Trade Representative dumped Alibaba back on its Notorious Markets List, which “highlights prominent online and physical marketplaces that reportedly engage in and facilitate substantial copyright piracy and trademark counterfeiting.” This comes four years after the USTR had removed the Chinese e-commerce company from the list after it made some progress in combating fakes.

 
Read More

Events


Semptember 2015
  • 02
    May

    Startups need to build a growth plan and exit path early in their life cycle to unlock the value cre

  • 03
    May

    Molti investitori istituzionali stanno iniziando a prendere sempre più in considerazione anche le m

  • 03
    May

    The Responsible Finance Institute (RFI) Foundation and the Swiss Arab Network organize the RFI Summi

  • 04
    May

    FinLantern is glad to invite you to a “Sustainable Apero”

  • 04
    May

    Presentazione di una piattaforma omnicanale per aziende con centralini, call center o contact center

See All

newsletter

Updates and news from MarketPlus

Market Overview
SMI® PR8844.780,16 %
LYXOR DAX INAV119.037-0,23 %
FTSE MIB Index20597.34-1,16 %
FTSE 1007237.17-0,71 %
CAC 405271.70-0,31 %
S&P 5002388.770,06 %
NASDAQ Composite6048.940,39 %
HANG SENG INDEX24698.480,49 %
Powered by Yahoo Finance