News

19.01.2017

Switzerland where you can eat the most expensive Big Mac

Invented in 1986 as a light-hearted guide to purchasing power parity, the Big Mac Index compares the cost of a McDonald’s Big Mac burger in countries across the world, published by the Economist. Using the US dollar as the base rate, Switzerland won the top spot again for the most expense burgers. A Swiss Big Mac costs $ 6.35 (CHF 6.50), compared to $ 5.06 in the US, meaning the Swiss franc is overvalued by 25.5%. 

 
Read More
19.01.2017

Alibaba boss Ma: world should give Trump some time

Chinese e-commerce giant Alibaba’s executive chairman Jack Ma said the company’s ambitions to link up with Hollywood remain strong and also urged people to give President-Elect Donald Trump “some time” because “he’s listening.” Speaking at the World Economic Forum in Davos, Switzerland on Wednesday, the Chinese billionaire said Alibaba had a debate five years ago about what Chinese people want. “Happiness and health,” he said. “We believe the movie industry brings happiness. Today, no one is happy. Rich people aren’t happy. Poor people aren’t happy. At least when I watch a movie I’m happy.”

 
Read More
19.01.2017

Credit Suisse finalizes $5.28 bn deal over US mortgage claims

Department of Justice (DOJ) announced on Wednesday that Credit Suisse will pay $5.28 billion in the settlement, which relates to the packaging, securitization, issuance, marketing and sale of residential mortgage-backed securities between 2005 and 2007. Credit Suisse announced in late December that it reached a settlement in principle with the DOJ which made it official. Under the terms of the settlement, Credit Suisse will pay $2.48 billion as a civil penalty under the Financial Institutions Reform, Recovery and Enforcement Act.

 
Read More
18.01.2017

UK competition watchdog may accept new proposals over Mastercard VocaLink deal

MasterCard has put forward proposals to the Competition and Markets Authority (CMA) after the watchdog expressed concern over its acquisition of VocaLink. The CMA said the merger could make it difficult for the UK ATM network Link to negotiate a good infrastructure service because of reduced competition. The CMA had given MasterCard and VocaLink an ultimatum to remedy its competition concerns or face an in-depth investigation.

 
Read More
18.01.2017

Brexit: HSBC may move 1.000 staff from London to Paris

The top boss of HSBC, Stuart Gulliver, has said it is planning to move some staff from London to Paris following Britain’s exit from the European Union. Speaking from the World Economic Forum in Davos, Gulliver said in an interview Bloomberg Television that "about 1,000 jobs which are carrying out activities which are covered by European legislation... would probably need, in our case, to go to France". While Gulliver had in the past already hinted at such a switch of investment banking jobs, his comments appeared more precise as he suggested France would take precedence over other EU nations.

 
Read More
18.01.2017

Hong Kong regulator sues StanChart, UBS over Chinese company's IPO

Hong Kong's stock market regulator has filed a lawsuit against major banks Standard Chartered and UBS along with consultancy firm KPMG over a 2009 initial public offering on the city's bourse.  On Monday, the Securities and Futures Commission sued UBS, Standard Chartered and others over their role in the 2009 IPO of China Forestry, now under liquidation. The case, involving two global finance brands, serves both as an easy win for prosecutors and a way to send a message to listing sponsors – including Chinese banks that now dominate the city’s IPO market.

 
Read More
18.01.2017

Credit Suisse CEO believes in the Future

Credit Suisse Chief Executive Tidjane Thiam sees market conditions improving during 2017 as the bank's reorganization gathers pace and its efficiency drive continues. Thiam told Bloomberg TV in an interview from Davos on Tuesday that "After a year in 2016 where you saw revenues really go down (across the sector)...hopefully 2017 will be better but all this is markets permitting," he said. "We have seen across the world the benefits of globalization…but we have also seen the tensions. The cracks in the system which then found a political translation," said the CEO of Switzerland's second-largest bank.

 
Read More
18.01.2017

Deutsche Bank agrees to pay $7.2 bn for toxic mortgages

Deutsche Bank has signed a $7.2 billion settlement with the U.S. Department of Justice (DOJ) over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, the government agency said on Tuesday.  The settlement requires Deutsche Bank to pay a $3.1 billion civil penalty under the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA).  Under the settlement, Deutsche Bank will also provide $4.1 billion in relief to underwater homeowners, distressed borrowers and affected communities.

 
Read More
17.01.2017

Airbus plans to test flying car this year

Cities are growing worldwide and traffic as we know it will only get worse. Airbus Group’s urban air mobility division predicts that by 2030, 60% of the population will live in cities, up from 50% today. The company hopes to have a working prototype of a self-driving flying car by the year's end, CEO Tom Enders said at the DLD conference in Munich on Monday, reports Reuters.

 
Read More
17.01.2017

China President Xi Jinping defends globalisation, the engine of the economy

China's President, Xi Jinping, says that economic globalization has powered worldwide growth and should not be blamed for the world's problems. In an attack on the anti-globalization rhetoric, Xi told a packed audience at the World Economic Forum at Davos on Tuesday: "It is true that economic globalization created new problems but this is no justification to write off economic globalization altogether", and he added that “Pursing protectionism is just like locking oneself in a dark room". He stressed the challenges as well of the benefits of economic globalisation and that the process needed to be made more “invigorated, inclusive and sustainable”.

 
Read More

Events


Semptember 2015
  • 23
    Aug

    Regulierung – seit der Finanzkrise prägt der Ruf nach mehr Kontrolle das Banking: Wegen regulator

  • 24
    Aug

    Die Fonds-Konferenz der SKSF ist eine wichtige, branchenspezifische Plattform für Wissens- und Erfa

  • 02
    Sep

    2 evenings to find out about the latest from the digital industry & 2 days to find ideas and to crea

  • 11
    Sep

    ICDA will return this year to its alpine home for the 38th Bürgenstock Meeting.

  • 12
    Sep

    The objective of the Conference is to bring together all the diverse stakeholdersinterested in a pol

See All

newsletter

Updates and news from MarketPlus

Market Overview
SMI® PR8916.070,47 %
LYXOR DAX INAV115.759-0,30 %
FTSE MIB Index21745.63-0,32 %
FTSE 1007329.770,08 %
CAC 405097.91-0,32 %
S&P 5002425.55-0,18 %
NASDAQ Composite6216.5269-0,09 %
HANG SENG INDEX27154.680,39 %
Powered by Yahoo Finance