Moody's Investors Service on Wednesday downgraded China's credit rating to A1 from Aa3, changing its outlook to stable from negative, citing expectations that China's financial strength will erode somewhat over the coming years. It was Moody's first downgrade for the country since 1989, according to Reuters.
Tech giant Apple has been named the most valuable brand in the world for a seventh consecutive year, worth $170 billion. Its brand value is up 10% over last year and represents 21% of the company’s recent market value of $806 billion, a 10 per cent increase on the figure for 2016. Google ranked second place, whose brand value has risen $19.3bn from last year to just under $102bn, according to Forbes. It's the second straight year Google has placed second to Apple, and it is closing the gap with a 23% gain this year after a 26% jump in 2016.
After everything got digitalized, from movies to music, there seems to be a new interest in physical products. Vinyls are making a comeback, while at the same time streaming services like Spotify allow users to listen to music they do not even need to download. Startup Qleek positions itself right inbetween these two worlds. Their products are called Qleeks, small hexagons that are linked to a specific playlist on a streaming service. They can be played on a special player or just by taking a shot of their QR code. For anyone who made a mixed tape in the 80s or 90s, the allure is easy to see.
According to the Boston Consulting Group (BCG), Singapore's stringent bank secrecy laws have attracted $1.1 trillion in foreign capital, and its growth rate is bypassing that of Switzerland. Singapore will become the world's largest multinational financial center by 2028, according the report. For foreign capital, Singapore's management is relatively lenient. Singapore immigration authorities only generally check "the first pot of gold" of the immigrant applicants.
Swiss watch exports resumed a losing streak in April, hurt by weakness in the key markets of Hong Kong and the U.S. and weighed down by fewer working days. Exports slipped 5.7 percent to 1.53 billion francs ($1.57 billion), the Federation of the Swiss Watch Industry said Tuesday. For the first four months of the year, the variation is -3.6%. Analysts said shipments gained when adjusted for three fewer working days in April 2017, with Citigroup estimating a 10 percent gain. Exane BNP Paribas said shipments probably were up 7 percent to 8 percent, taking that into account.
Little Luxembourg is luring firms on the lookout for a post-Brexit foothold in the European Union, from JPMorgan Chase & Co. to insurance giant American International Group Inc. Bloomberg News reports that while many find the Grand Duchy a multilingual paradise, would-be expats are being warned not to expect the cosmopolitan lifestyle they currently enjoy in London and that they should prepare to spend long hours on clogged roads.
Swiss bank J. Safra Sarasin must pay German drug store entrepreneur Erwin Mueller around €45 million ($50.7 million) in compensation for incorrect investment advice, a court in the German city of Ulm has ruled. The Brazilian-owned bank had put Mueller's money into a fund specialising in so-called cum-ex trades. The 84-year-old businessman had said the bank did not properly advise him about the risks involved. Meuller had demanded restitution from the bank for being poorly advised on high-risk funds. The bank, which had rejected the accusations, has a month to appeal the verdict. It noted the case dated back to when it was majority owned by another business.
A suicide bomber has killed at least 22 and injured scores more, in an attack on a Manchester concert of US artist Ariana Grande packed with thousands of young people. The bomb went off at about 10.30pm Monday in the Manchester Arena foyer, just after the end of Grande's concert. On Tuesday morning, Manchester police chief constable Ian Hopkins said police believed the attack was conducted by one man who detonated an improvised explosive device. He died at the scene. It was police's "priority to determine if he was acting alone or part of a network", he said.
As Bitcoin has continued to gain in popularity and accessibility around the globe, its price has similarly grown. The digital currency, widely seen as one of the earliest and the most important in paving the way for the new cryptocurrency industry, has reached a landmark achievement. Continued growth in price has elevated the cost of a single Bitcoin to more than $2,000 for the first time in history.
MGF Fall Edition is Presenting twelve High Growth companies both public and private i
"Investire nel mattone" è probabilmente una delle scelte meno rischiose. La casa è un bene rifugio
Two years after two historic global agreements were established, leaders and other change agents in
Im September haben die Schweizer Stimmbürger die „Altersreform 2020“ des Bundesrates abgelehnt.
The 2017 symposium, with the theme "Successfully crossing borders", will have a strong focus on the
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