Category Archive: 3) Swiss Markets and News
UBS handed setback in $2 billion mortgage buy-back lawsuit
A UBS Group AG unit was found by a federal judge to have violated some contracts with mortgage-backed securities trusts that hold loans, putting it at risk of having to buy back more loans or pay damages in a $2 billion lawsuit. U.S. District Judge Kevin Castel Tuesday ruled that UBS Real Estate Securities Inc. had breached warranties on 13 of 20 loans in the trusts that were introduced into evidence in a three-week trial in Manhattan in May.
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Markus Fuchs, Geschäftsführer SFAMA
Das Schweizer Asset Management kann sich im internationalen Vergleich sehen lassen. Eine Studie zeigt die Höhe verwalteter Gelder in einem neuen Licht. Markus Fuchs vom Branchenverband SFAMA sieht aber auch Risiken.
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Unpacking transparency in investment products with Investec’s Brian McMillan
The investment industry is changing. Investors are demanding less complex products with transparent structures. Visit www.investec.co.za/titans for more.
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The Real Reason Trump Met with Mexico’s President
George Friedman writes the free weekly column “This Week in Geopolitics” for Mauldin Economics. Subscribe here: http://goo.gl/HPYseB. Each week, you’ll receive an in-depth view of the forces driving events and investors in the next year, decade, or even a century from now.
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Thomas Meier, CEO Santhera
Santhera steigerte im ersten Halbjahr den Umsatz, musste im Juli in den USA aber einen Rückschlag hinnehmen. Im Interview mit cash sagt CEO Thomas Meier, wie er nun das Aktionärsvertrauen zurückgewinnen will.
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Call accounts and fixed deposits | What is the Investec difference?
Investec’s Call & Fixed deposit offers your business the opportunity to earn an exceptional return on your surplus cash, with no fees and a dedicated dealer. Find out more: http://invest.ec/2cw78mH
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Cashing in on Tolkien’s Switzerland
The writer J.R.R. Tolkien was so impressed by the beauty of nature during a visit to Switzerland, that he incorporated some of the things he experienced in his classic novels, The Hobbit and Lord of the Rings. (rts/swissinfo.ch/jh) In 1911, when John Ronald Reuel Tolkien was 19, he travelled from Interlaken to Zermatt with a …
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Olympian, but broke
Winning an Olympic medal takes years of practice, and in the case of some Swiss athletes, money out of their own pockets. (SRF, swissinfo.ch) Heidi Diethelm won a bronze medal for Switzerland in the women’s 25m pistol shooting in Rio. To chase her Olympic dream, she had to put her personal finances on the line. … Continue reading »
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Inside a bunker in 360°
What would it be like to live underground in a bunker if a major disaster struck Switzerland? Zora Schelbert, a guide at the Sonnenberg bunker in Lucerne, shows us what we could expect from some of the rooms and living quarters deep under the city. (Jo Fahy, swissinfo.ch) — swissinfo.ch is the international branch of … Continue reading...
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cash-Talk vom 4. September 2016
Kleine und mittelgrosse Schweizer Unternehmen stehen derzeit hoch in der Anlegergunst. Fondsmanager Marc Possa über mögliche Kurskorrekturen, steigende Zinsen und das Problem der Bankaktien.
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Europe Debates The Burkini: “We Will Colonize You With Your Democratic Laws”
"We will colonize you with your democratic laws." — Yusuf al-Qaradawi, Egyptian Islamic cleric and chairman of the International Union of Muslim Scholars. "Beaches, like any public space, must be protected from religious claims. The burkini is an anti-social political project aimed in particular at subjugating women.
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The echo hunter
Christian Zehnder is an established musician. Besides singing in operas, writing music for the theatre, and giving singing lessons, he records the sound of echoes in the Alps. (SRF, swissinfo.ch) — swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective …
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European and Swiss stocks higher on bank rally
The Swiss Market Index, along with other European markets, is trading slightly higher this week after financials rallied on merger and acquisition rumors and hopes for improved growth. European banks, the industry group battered the most so far this year, lead gains after it emerged that Deutsche Bank AG and Commerzbank AG executives held talks about a potential merger in early August this year.
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Swiss banks cut 4.1 percent of local jobs in first half as profit falls
Banks in Switzerland reduced their domestic workforce by 4.1 percent in the first half as companies combined and made cost cuts to stem declining profitability, a survey by the nation’s main bank association showed.
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Oscar Farinetti, Gründer und Inhaber von Eataly
Seit zehn Jahren legt Oscar Farinetti mit seiner Supermarktkette Eataly weltweit ein atemberaubendes Wachstum hin. Im Gespräch mit cash äussert sich Farinetti zu Eataly-Plänen für die Schweiz und zum geplanten IPO.
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Gold Withdrawals From The NY Fed Accelerate, Hit 388 Tons Since 2014
First it was Germany who redeemed 120 tons of physical gold from the NY Fed in 2014; then it was the Netherlands who "secretly" redomiciled 122 tons of gold; then last May, we learned that Austria would be the third "core" European nation to repatriate most of its offshore gold, held primarily in the Bank of England, redepositing it in Vienna and Switzerland.
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Moving away from nuclear power
Around 130 young people visited Switzerland to take part in camps ahead of the 100th anniversary of the Organisation of the Swiss Abroad. Some of them have never lived in the country, and neither has their Swiss parent, or parents. Joining a Swiss abroad summer camp is a way in to the psyche of Switzerland. … Continue reading »
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What is active tourism?
Around 130 young people visited Switzerland to take part in camps ahead of the 100th anniversary of the Organisation of the Swiss Abroad. Some of them have never lived in the country, and neither has their Swiss parent, or parents. Joining a Swiss abroad summer camp is a way in to the psyche of Switzerland. … Continue reading »
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Finland Unleashes Helicopter Money In “Greatest Societal Transformation Of Our Time”
Finland is about to launch an experiment in which a randomly selected group of 2,000–3,000 citizens already on unemployment benefits will begin to receive a monthly basic income of 560 euros (approx. $600). That basic income will replace their existing benefits. The amount is the same as the current guaranteed minimum level of Finnish social security support.
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Exploring the great outdoors as nomads
What’s it like visiting Switzerland as a young Swiss who lives abroad? Here are some impressions from youth at recent camps run by the Organisation of the Swiss Abroad. Around 130 young people were in Switzerland to take part in camps ahead of the 100th anniversary of the Organisation of the Swiss Abroad. Some of … Continue...
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