News

08.02.2017

Lastminute.com flies over Italy to sign a deal

Lastminute.com strengthens its presence in Italy by signing agreement with Travel Holding to acquire Gartour, an italian leading incoming tour operator. The latter, according to the agreements made by the parties, will continue its activities under a renewable contract of lease for a period of twelve months, before passing definitively under Lastminute.com. Gartour currently employs about 130 people for a turnover of €35 million in 2016.

 
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08.02.2017

Syngenta CEO confident ChemChina takeover closing within Q2

Swiss pesticides and seeds group Syngenta reported 2016 earnings before interest, tax, depreciation and amortisation (EBITDA) of $2.66 billion on sales of $12.79 billion. Analysts polled by Reuters had on average expected EBITDA to fall 5.9 percent to $2.61 billion on sales down 4.2 percent to $12.85 billion. They had expected it to boost its dividend to 11.60 Swiss francs from 11.00

 
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07.02.2017

Sell high now (by W. Snyder)

The last Newsletter predicted the arrival of the Renminbi in grand style and the penultimate number underlined the bond rout and the fact that the US Dollar is overvalued. The huge American national debt has been repeatedly mentioned as well as the enormous US trade deficit.

 
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07.02.2017

SNB: foreign exchange reserves dropped, second month in a row

The foreign exchange reserves held by the Swiss National Bank (SNB) fell slightly in January, down from 1.6 billion to 643.7 billion, compared with the December figure of 645.3 billion. This is the second consecutive decline, after eight months on the rise. The set of reserves, excluding gold, increased 651.1 bn to 649.4 bn swiss francs, as the institute said today. In December, foreign exchange reserves had contracted in a similar manner, to 2.4 billion. Also last February the reserves recorded a decline (-4 billion), while in the other months of 2016 there had been an increase, even double-digit in January (+16 billion), April (+11), May (+14) , August (+11) and November (+18).

 
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07.02.2017

Oerlikon to invest 55mln CHF in US plant

The Swiss manufacturer Oerlikon Metco plans to spend $62 million (CHF55 mln) to open a facility in Huntersville, where it will create 93 high-paying jobs over the next five years, it said Monday. The new plant will specialize in end-to-end advanced component manufacturing, and it will also house research and development work, according to a statement from the company Monday. Oerlikon’s Charlotte plant will be its first additive manufacturing facility in the U.S. and will provide end-to-end advanced component manufacturing and house extensive research and development and production teams.

 
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07.02.2017

Singapore: Private jet seized over 1MDB scandal

Singapore has reportedly seized a $35 million private jet belonging to 1MDB mastermind Low Taek Jho, also known as Jho Low, who is under investigation for his involvement in the scandal-hit Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB)  The Bombardier Global 5000 jet is part of some $1 billion in assets allegedly acquired with funds siphoned from 1MDB fund that the US government is moving to seize. The police declined to comment on whether the authorities had grounded the plane, stating that investigations are still in progress. The US alleges that the funds were laundered through the US banking system and is seeking to confiscate Low’s private jet, as well as other properties including a $100-million interest in EMI Music Publishing Group, and a $380-million stake in the Park Lane Hotel in New York.

 
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07.02.2017

LIFETECH: What your smartphone doesn't do, these cameras will

We’ll be introducing among our news and features one piece per month in order to give you a few ideas on new gadgets that look irresistible. We’ll try to keep these pieces light and ironic, as a small soothing patch – different from the rest of our website.

 
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07.02.2017

Swiss consumer confidence clearly more optimistic

Switzerland's consumer sentiment improved strongly in the three months to January to its highest level in two-and-a-half years, survey results from the State Secretariat for Economic Affairs, or SECO, showed Tuesday. The consumer confidence index climbed to -3 from -13 in October, marking its highest level since July 2014, the survey conducted among roughly 1,200 consumers revealed. The reading is above its long-term average, after six below-average quarters. "Consumers are clearly more optimistic about where they feel the economy is going as well as being less gloomy about the future development of unemployment and their own financial situation. This is thus the first time that consumers have rated the outlook in many areas as positively as they did shortly before the Swiss franc shock in early 2015" SECO said.

 
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07.02.2017

Swiss franc overvalued, big challenge for businesses

The Swiss franc’s high value continues to have a negative effect on the confederation’s economy, especially compared to the euro quoted an expert as reporting on Monday. Andrea Maechler, one of the three members of the Swiss National Bank’s (SNB) governing board, told Swiss newspaper Tribune de Geneve that in addition to the currency valuation, other factors including interest rates, changes in prices and the global situation must also be taken into account when assessing the confederation’s economic outlook. “It’s clear that the strong Swiss franc remains a big challenge for many businesses in Switzerland,” Maechler told in the interview.

 
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06.02.2017

Strategy For A Crisis

A strategy for a crisis - buy volatility high sell it low.

 
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    Confronto su come competizione, statistica, gaming e psicologia ne rivoluzioneranno il mondo.

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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

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