SNB & CHF

UBS had appealed against both the original verdict and the size of the fine. Keystone / Peter Klaunzer Swiss bank UBS will have to wait until December 13 to see if its appeal against a French €4.5 billion (CHF4.9 billion) tax evasion penalty is successful. The long-awaited verdict was due on Monday, but the Paris court postponed its decision because a judge is ill. UBS was fined €3.7 billion and ordered to pay €800 million in damages during the original trial in...

Nach der Einführung von Bitcoin in El Salvador hat Panama einen neuen Gesetzesentwurf vorgelegt, der Bitcoin zu einer alternativen Zahlungsmethode im Land machen soll. Da die weltweite Verbreitung von Kryptowährungen weiter zunimmt, wurde in der Republik Panama ein neuer Gesetzentwurf vorgelegt, der Bitcoin (BTC) und andere digitale Währungen als alternative Zahlungsmittel anerkennt. l1           Panama schlägt Krypto-Gesetz vor Der panamaische Kongressabgeordnete...

This is a special virtual seminar for donors to our fall campaign.  Donate Today! On Friday, October 8, at 2:00 p.m. CDT, Jeff Deist and Bob Murphy will discuss Mises’s views on interventionism and their continued relevance today, particularly after the last year and a half of economic intervention resulting from covid tyranny. “[Interventionism] preserves some of the labels and the outward appearance of capitalism. It maintains, seemingly and nominally, private...

Die Eidgenössische Finanzmarktaufsicht FINMA anerkennt die angepasste Selbstregulierung der AMAS als Mindeststandard. Damit werden hauptsächlich die neuen Regeln des FINIG und FIDLEG nachvollzogen. Die angepasste Selbstregulierung tritt am 1. Januar 2022 in Kraft. Aufgrund des Inkrafttretens des Finanzinstitutsgesetzes (FINIG) und des Finanzdienstleistungsgesetzes (FIDLEG) hat die Asset...

The Swiss watchmaking industry is one of Europe's hungriest consumers of stainless steel: it uses up to 120,000 tonnes of it per year. The sector is facing increased pressure to reduce its environmental impact and local entrepreneurs are presenting solutions. A waste management centre in canton Bern has established a recycling chain to enable valuable raw material to be re-used. They collect unsold watches and defective watch parts from some 20 brands in the region. The different materials...

Overview: Rising energy prices and yields are helping lift the US dollar and weighing on equities.  November WTI has pushed above $76, while Brent traded above $80, and natural gas is up for the fourth consecutive session, during which time it has risen by about 25%.   The US 10-year yield has surged to almost 1.53%, up more than 20 bp since the middle of last week. Near 32 bp, the US 2-year yield is at a new 18-month high. European yields are 3-5 bp higher, with...

Jeff Snider reviews the recent Bank of Japan experience with quantitative and qualitative easing. The central bank starts off on the wrong foot, focusing on credit quality issues instead of market participants' liquidity preferences; it goes sideways from there. A reading, by Emil Kalinowski. ----------WHO---------- Jeff Snider of Alhambra Investments. Read by Emil Kalinowski. Art by David Parkins. Intro/outro is "36mm" by Jobii at Epidemic Sound. ----------WHAT----------...

Source: Facebook On 28 November 2021, Swiss voters will be asked whether they accept laws passed by the government on 19 March 2021 that paved the way for the introduction of Switzerland’s Covid certificate, a system that provides proof of vaccination, recovery or a negative test. This is the second time a vote has been organised to challenge the government’s response to the Covid-19 pandemic. On 13 June 2021, voters were given a chance to reverse the first batch of...

Die Zentralbank von Bhutan hat sich mit Ripple zusammengetan, um eine CBDC zu pilotieren, die die finanzielle Inklusion des Landes bis 2023 um 85 Prozent steigern könnte. Die Royal Monetary Authority (RMA) – die Zentralbank von Bhutan – hat sich mit Ripple zusammengetan, um eine digitale Version der Landeswährung einzuführen. Die Institution erwartet, dass die Initiative die finanzielle Eingliederung des Landes in den nächsten zwei Jahren um 85 Prozent steigern...