le News

Investec Switzerland. After three years of uncertainty, Switzerland may just have solved its immigration dispute with the European Union. © Jorisvo | Dreamstime.com Lawmakers in Bern on Friday passed a bill designed to curb EU immigration by giving locals a head start on filling job vacancies. By supporting the measure — which sidesteps quotas — they aim to prevent a deeper dispute that could cost the country crucial trade deals. “In the short term, it means that the danger...

Trump wins Electoral College vote; a few electors break ranks (Reuters) European Stocks Head for a One-Year High (BBG) Japan's Central Bank Keeps Policy Unchanged, Upgrades Economic Outlook (BBG) Russia and Turkey vow to keep detente on track after murder (FT) The Political Implications of Events in Ankara and Berlin (BBG) Trump condemns Berlin attack, says things 'only getting worse' (Reuters) Merkel: "No Doubt Berlin Crash Was a Terror Attack" (BBG) Gunman in Zurich mosque shooting is dead...

It appears nothing can stop the upward moment of equities heading into the year end, and as has been the case for the past few weeks, US traders walk in with futures higher, propelled by European stocks which climbed to their highest in almost a year, while the dollar rose and bonds and gold fell, failing again to respond to a series of geopolitical shocks following terrorist attacks in Ankara, Berlin and Zurich. The yen tumbled after the Bank of Japan maintained its stimulus plan even as the...

24 Heures. Last week someone passing through Basel train station found an envelope when entering the station. To her surprise it contained 50,000 francs. © Denis Linine | Dreamstime.com The woman who found the cash was a 22 year old from France. She went to the police station last Wednesday after finding the envelope on Tuesday. According to Blick, The 22-year-old Frenchwoman found the envelope on Centralbahnplatz in front of the station before handing it in to the police. The envelope...

After a violent trifecta of a day, in which terrorist attacks left at least 9 dead and 50 injured in Germany after a truck plowed through a crowded Christmas market (see "Truck Ploughs Into Berlin Market Killing Nine, Over 50 Injured; US Condemns 'What Appears To Be A Terrorist Attack'"); three more people hurt in a shooting at an Islamic Center in Zurich, Switzerland; and the Russian Ambassador to Turkey murdered on live television (see "Russian Ambassador In Turkey Murdered In Terrorist...

In the latest example of poor decision-making by the outgoing president, not to mention some truly troubling political optics, with the world on fire following three separate acts of apparent terrorism around the globe, including Ankara, Zurich and Berlin, White House pool reports showed that President Barack Obama was off to enjoy a game of golf shortly after learning of today's tragic events. As Mediaite reports, the first email from the White House pool shows that Obama directed his staff...

Despite considerably weaker than expected Services PMI, an assassination in Turkey, a terrorist attack in Zurich, and a bloodbath in Berlin, stocks rallied...   As a reminder - Chinese bonds crashed overnight again.. Hong Kong stocks tumbled into correction (red for 2016)...   And Italian banks all crashed (led by BMPS)...   First things first in The US - the market broke today and stocks loved it...   The Dow still has not had two down days in a row since before the...

Moments after the Russian ambassador to Turkey was shot dead during an exhibition by an attacker who screamed "Allahu Akbar", Swiss Blick magazine reported that three people were hurt during a shooting at an Islamic center in Zurich. #BREAKING THREE PEOPLE HURT IN SHOOTING AT #ZURICH ISLAMIC CENTRE - BLICK NEWSPAPER — Global Markets Forum (@ReutersGMF) December 19, 2016   The initial report from Blick is sparse, and follows, google translated.: As the city police confirms against...

Via The Daily Bell     Trump Floats Ban on Defense Firms Hiring Military Procurement Officials … US President-elect Donald Trump on Friday said he was considering imposing a lifetime ban on US military procurement officials going to work for defense contractors, a move that could dramatically reshape the defense industry. -Reuters President-elect Donald Trump has said Boeing & Co. prices are ridiculous and now he wants to ban government military...

This week the bank Credit Suisse published its cantonal cost of living report. Its ranking considers a typical household’s biggest expenses: tax, housing, commuting, basic health insurance and childcare. It takes income and deducts all of these costs to arrive at a measure of disposable income. Life is cheper in Uri © Stefano Ember | Dreamstime.com In a simplified world it might be expected that low tax rates would push up the cost of most other things as the wealthy arrived and bid up...