(Reuters) The global index providers MSCI and FTSE Russell want to remove three Chinese telecom companies from their indices in response to the US sanctions. China Mobile is affected (CHL 26.10 -5.95%), China Telecom and China Unicom Hong Kong, which fell sharply on Friday. China Mobile hit a 14-year low and China Telecom stocks fell … Read more
Anyone looking for an apartment in New York will be happy. Rental apartments are as cheap as they were last almost ten years ago. The median apartment in Manhattan was paid $ 2957 per month in November. Including discounts – such as free months – it was only $ 2,743. That is 22% less than … Read more
The money laundering affair at the Dutch bank ING was de facto and actually de jure already settled through an out-of-court settlement in 2018. But then a court in The Hague decided in early December that criminal proceedings should be initiated against former ING boss Ralph Hamers, who has been head of UBS since November. … Read more
The youngest of the 47 branches, which are called Meier Tobler Marché, opened their doors three months ago in Wallisellen. Roger Basler, CEO of the building technician since September, stands visibly satisfied between the frames. His company has around 6000 items in these stores that installers need for heating, cooling and ventilation systems and for … Read more
(AWP / SDA) The National Council continued its budget discussions on Wednesday. There were still five major differences with the Council of States and relatively small amounts. But these amounts are now being disputed. 500,000 francs were the main topic of conversation in the National Council early in the morning. The Federal Council earmarked CHF … Read more
Discount Difference in percent by which the issue price or the stock exchange price of a security falls below the nominal value or the intrinsic value. Opposite: buyer’s premium. All articles on this technical term – share Security that embodies a share in the capital of a stock corporation. It guarantees the owner membership rights … Read more
The power struggle in the USA is now also clouding the traditionally amicable relationship between the Treasury and the central bank. Treasury Secretary Steven Mnuchin announced last week that he will not renew five emergency loan programs on December 31st. The Federal Reserve was apparently taken by surprise. Richard Evans, president of Chicago’s district central … Read more
(Reuters / RB) Four minutes after the start of stock trading, a fifteen-minute break was ordered in New York. The trigger was the biggest price fall since the financial crisis. In the turbulence of 2008/2009, new rules were issued, which have now been applied again for the first time since December 2008. The leading indices … Read more
The number is shocking. According to the aid organization City Harvest, of the 8.3 million New Yorkers, more than 1.5 million do not have enough money to buy enough groceries – that roughly corresponds to the population of the Canton of Zurich. Every fifth child is affected in the metropolis on the American east coast. … Read more
(AWP) The Swiss Financial Market Supervisory Authority Finma has adjusted the circular on liquidity risks at banks. Finma announced on Thursday that the “selective” adjustments were made to the introduction of the financing quota decided by the Federal Council. The amended Finma circular 2015/2 “Liquidity Risks – Banks”, like the Federal Council resolution on the … Read more