News

08.05.2017

The European Rally Lifts the Laggards

Flows into European stocks gathered momentum since the end of April, in a resurging trend that accelerated sharply in the first week of May, reflecting a new positive sentiment towards the European markets after that investors had run off in 2016 and now, in just one week, poured 2,5 billions into European equity funds. Many reasons explain this new positive sentiment, from the evaporation of political risk after the French vote, to an improved economic confidence after that the ECB president Mario Draghi expressed optimism about the region’s economic recovery, still keeping the actual monetary stimulus.

 
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05.05.2017

Spanish Court to probe former HSBC executives over money laundering

A Spanish court is probing seven former executives of HSBC's private Swiss bank on suspicion of money laundering following an investigation of documents in the 'Swissleaks' scandal on bank-supported tax evasion, legal sources have said. In an order dated January but not published until now, the National High Court named seven persons under suspicion of "persistent money laundering and criminal association" who in 2006 and 2007 held senior positions at the Swiss subsidiary of HSBC. According to a court document released on Thursday, the suspects include two former heads of HSBC private banking operations, Christopher Meares and Clive Bannister. HSBC declined to comment.

 
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05.05.2017

Christie’s auction in Geneva will be led by 92-Carat La Legende Diamond

Christie’s auction of Magnificent Jewels on May 17 at the ultra-luxe Four Seasons des Bergues hotel in Geneva will feature La Légende, a 92-carat D color Flawless heart-shaped diamond pendant signed by Boehmer et Bassenge. La Légende is a diamond and cultured pearl necklace set with a 92.15-carat heart shaped, D color, Flawless diamond pendant. Suspended from a cultured pearl sautoir, it has a pre-sale estimate of $14 million-$20 million and will be the largest D Flawless heart shaped diamond ever to be offered at auction.

 
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05.05.2017

What lies ahead for income investors?

For those that invest with the aim of generating an income, the last year provided a unique set of challenges.

 
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05.05.2017

Google closed a €306 mln dispute with Italian tax Agency

Google has agreed to pay the internal revenue agency €306 million in taxes, sources said Thursday. The Mountain View-based company has been under investigation by Milan prosecutors for the tax years 2009-2013, one of several European probes looking into the tax practices of international companies.  A Google spokesman said the deal "resolved without disputes investigations relating to the period between 2002 and 2015". He said "in addition to the taxes already paid in Italy for those years, Google will pay another 306 million euros." Of these, "over 303 million are attributed to Google Italy and less than three million to Google Ireland." The spokesman said Google "confirms its commitment towards Italy and will continue to help the country's online ecosystem grow". 

 
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05.05.2017

Syngenta shareholders accept ChemChina offer

Shareholders in Swiss pesticide and seed giant Syngenta have accepted the company’s takeover by state-owned ChemChina, the companies said Friday, which would be the biggest overseas acquisition by a Chinese firm. The proposed merger is part of a broader wave of consolidation in the agro-chemicals sector that has worried environmental activists and farmers. At the closing date for the offer on May 4, shareholders holding around 80.7 percent of the company’s stock had accepted the US$43-billion takeover, according to a preliminary count. Subject to confirmation of the results, “the Minimum Acceptance Rate condition of 67 percent of issued Syngenta shares has been met”, they said in a statement.

 
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05.05.2017

Expert Commentary: FED and Trump's protectionist policy the key issues for US

Some economists expect the Fed to resume its plan of increasing key interest rates at a gradual pace if the US economy outperforms itself this year. Do you share this point of view? I do not think the economy really needs to outperform to make the Federal Reserve raise rates. If the economy evolves as expected, the Fed will be hiking interest rates. The Federal Open Market Committee feels that the economy is performing well and that monetary policy needs to be in a normal position. Currently, monetary policy in the US is accommodative, but with the economy close to normal, the FOMC believes that policy should be close to normal too.   

 
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04.05.2017

Facebook recorded strong Q1 surprising investors

Facebook had another strong quarter, beating estimates to start 2017. Revenue in the first quarter climbed 49% to $8 billion, which was significantly higher than most analysts expected, and net income was $3 billion or $1.04 per share, compared with consensus estimates of just 87 cents. It earned that from 1.94 billion users, up from 1.86 billion last quarter, growing at a faster 4.3% compared to 3.91% last quarter. Facebook said in its last quarterly update that it expects to see its advertising growth rate "come down meaningfully" in 2017 as it stops adding more advertising to the news feed.

 
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04.05.2017

The Dollar Crash (by W. Snyder)

President Donald Trump has had experience with bankruptcy. This will prove to be useful as his tax plan, if approved by Congress, will push the US ever closer to financial disaster.

 
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04.05.2017

Deutsche Bank welcomes the largest shareholder, Chinese HNA firm

Chinese conglomerate HNA Group has become Deutsche Bank AG's largest shareholder after increasing its stake in the German lender to almost 10%, according to a filing made by asset manager C-Quadrat and other entities. It took HNA's stake to 9.92%, following an initial stake of 4.76%, which it had earlier secured through C-Quadrat. The acquisition of a significant stake in a pillar of European finance is another example of China's growing global influence. Last year, Chinese firms announced around $220 billion worth of deals for foreign companies, far more than any previous year. HNA's increased stake in Deutsche Bank makes it the lender's largest shareholder, ahead of members of Qatar's royal family and U.S. money manager BlackRock, according to public filings.

 
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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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