News

10.05.2017

Blockchain could transform Art investing

Art investors, collectors and owners will be able to trade shares in fine art for the first time on a unique online marketplace powered by blockchain technology. Maecenas is a new marketplace for fine art investment that uses blockchain technology to revamp what its founders claim to be a market that has largely remained unchanged for more than 300 years. It will also allow any investor to have a fractional share of a masterpiece. Maecenas focuses on masterpieces and proven successful artists. The platform only lists art pieces worth US$1 million and above.

 
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10.05.2017

New 20 Swiss franc note smaller and brighter

The Swiss National Bank unveiled the second note in its new banknote series on Wednesday. The new 20 franc note, which will be in circulation from May 17th, follows the release of the first in the series, the 50 franc note, last year. Overall, the National Bank’s new series of banknotes is intended to reflect “the many facets of Switzerland”. The design of each note centers around a primary theme.  On the 20-franc note, this will be light. A hand, the earth and butterflies are the main motifs on the note. 

 
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10.05.2017

Swiss Life: Good start in 2017 for insurance company

Swiss Life had a «good start» to the year 2017, with fee revenue of 340 million Swiss francs, an increase of 5% compared with the same period a year ago. Premiums dropped 1% to 6.5 billion francs, the company said in a statement today. Five analysts polled by Reuters had on average expected gross premiums to fall 1.3 percent to 6.595 billion francs. "Swiss Life has made a good start to the year," Chief Financial Officer Thomas Buess said in a statement. "We also managed to increase fee income and assets under management in the first quarter of 2017. That shows we are continuing our progress toward implementing our group-wide program 'Swiss Life 2018'."

 
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10.05.2017

Credit Suisse relocates 1200 jobs moving from Wall Street

Credit Suisse USA said Tuesday it will expand its Research Triangle Park operations, creating 1,200 new jobs and spending $70.5 million on capital investments. Eric Varvel, president and chief executive of Credit Suisse USA, said the company had planned to expand earlier in North Carolina, but held off because of House Bill 2, known as the transgender restroom law. “While it was on the books, we chose to halt our expansion plans in the state and consider other options,” Varvel said. “We realize the recent repeal of HB2 contains some compromises, and while not perfect, it is an important first step that re-establishes the minimum conditions for us to expand our presence in the state.”

 
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10.05.2017

Price breakouts clever traded

In the first part of this series, you have learned how to identify a special reversal formation using the Bollinger bands and a Hammer (-Candlestock). In the second part, strong, partly panic-like price-slides serve to determine promising trade-candidates. The more intense the price decline, the greater the probability of a counter-movement.

 
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09.05.2017

UK research says bankers unhappy for bonus

Bankers in junior positions in the City of London who work for British-headquartered banks picked up bonuses of just a quarter of what those working for American institutions in the UK earned, according to research by salary-benchmarking site Emolument.  Salary-benchmarking site Emolument surveyed 1,640 London bankers on this year’s bonus payouts and found the majority were either unhappy with, or unsure how to feel about, the amount they received.

 
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09.05.2017

Switzerland: Unemployment dropped in April

The Swiss State Secretariat for Economic Affairs (SECO) reported Tuesday that 3.3 percent of Switzerland's working population was jobless in April, down from 3.4 percent in March 2017. According to latest figures, 5,953 fewer people were unemployed last month, with 146,327 men and women classified as such by local authorities in the period under review.

 
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09.05.2017

Wall Street VIX Index falls to lowest since 1993

The most widely monitored ‘fear gauge’ on Wall Street has fallen to its lowest level since 1993, helped by one of the strongest corporate earnings seasons in years, geopolitical risks around North Korea cooling off, and Emmanuel Macron’s French presidential victory removing a possible source of upset across Europe. The CBOE Volatility Index, better known as the VIX and the most widely followed barometer of expected near-term stock market volatility, closed at 9.77, its lowest close since December 1993, according to Bloomberg data. The index is the most widely followed barometer of expected near-term stock market volatility and tends to spike when there are potential sources of shock on the horizon. But analysts said this week that there are no obvious risky events immediately in the pipeline and macro-economic data has been relatively robust too.

 
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09.05.2017

Adecco's profit rose in Q1, good news by French elections

Adecco's first-quarter profit rose more than a fifth, better than expected, as the world's largest temporary staffing company continued to get a boost from major markets in southern Europe while projecting modest growth in the U.S. Net profit attributable to shareholders rose to €176 million ($192.2 million) in the three months to March, beating the average estimate of 165 million in a Reuters poll of analysts. Sales rose to €5.73 billion, better than the poll average of 5.68 billion. Dutch staffing company Randstad last month reported a 21 increase in net profit during the quarter, boosted by strong growth in France and Germany. U.S. rival Manpower's earnings rose 3.8 percent in the first three months as it saw broad improvement across Europe.

 
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09.05.2017

Apple climbs over the $800 billion wall

Apple is the world's most valuable publicly traded company, and it just broke its own record. Shares opened at $149.06 a piece on Monday, with 5.2 billion outstanding shares. Following a positive analyst report, Apple’s shares rose over 3% in midday trading to a record high of $153.70. At one point, the company's market value rose above $800 billion before retreating below that barrier. Apple's shares closed up 2.7% for the day at $153.01, good for a market value of $797.8 billion.

 
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Events


Semptember 2015
  • 19
    Oct

    MGF Fall Edition is Presenting twelve High Growth companies both public and private i

  • 19
    Oct

    "Investire nel mattone" è probabilmente una delle scelte meno rischiose. La casa è un bene rifugio

  • 24
    Oct

    Two years after two historic global agreements were established, leaders and other change agents in

  • 25
    Oct

    Im September haben die Schweizer Stimmbürger die „Altersreform 2020“ des Bundesrates abgelehnt.

  • 30
    Oct

    The 2017 symposium, with the theme "Successfully crossing borders", will have a strong focus on the

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