Tag Archives: Business

Swiss authorities have been targeting money laundering (Keystone) A massive money laundering case unfolded on Tuesday in a Swiss cantonal court where an Englishman, his wife and a financial adviser were found guilty in an elaborate multimillion-franc scheme. The district courtexternal link in the canton of Vaud sentenced the unidentified Englishman to a year in prison on charges of laundering nearly CHF7 million ($7.34...

(GLOBALINTELHUB.COM) Dover, DE — 7/18/2017 — Hidden in plain site, as the Trump administration finally released something of substance regarding the so called promised “Trade Negotiation” we see FX take center stage in the global drama unfolding.  As noted on a Zero Hedge article: The much anticipated document (press release and link to full document) released by U.S. Trade Representative Robert Lighthizer said the...

A poster in a Swiss shop window advertises the sale of legal cannabis The rising popularity of marijuana that doesn’t make you high – a product known as “cannabis light” or “CBD cannabis” – is causing a headache for Swiss politicians. It is sold in many Swiss shops and generates millions of Swiss francs in sales. Swiss authorities now ban growing, selling or consuming cannabis with a THC content, the main psychoactive...

“Time To Position In Gold Is Right Now” – Rickards   - "Time to position in gold is right now” - James Rickards- Fed has hit the ‘pause’ button; No more rate hikes for foreseeable future- Fed’s theories "bear no relation to reality" and has "blundered by raising rates"- Growth is weak, inflation is weak, retail sales and real incomes are weak- Tight money, weak economy & stock bubble classic recipe for market crash- Reduce allocations to stocks and reallocate to...

(GLOBALINTELHUB.COM) Dover, DE — 7/18/2017 — Hidden in plain site, as the Trump administration finally released something of substance regarding the so called promised “Trade Negotiation” we see FX take center stage in the global drama unfolding.  As noted on a Zero Hedge article: The much anticipated document (press release and link to full document) released by U.S. Trade Representative Robert Lighthizer said the Trump administration aimed to reduce the U.S. trade deficit by...

Silver Analysts Forecast $20 In Bloomberg Silver Price Survey  - Bloomberg silver price survey - Large majority bullish on silver- Silver median "12 month-forecast" of $20- Precious metal analysts see silver "24 percent rally from current levels"- Investors are pouring money into silver ETFs- Speculative funds bearish even as ETF assets rise to record- Spec funds being bearish is bullish as frequently signals bottom- Important to focus not just on silver price but on silver...

Bitcoins have taken a step towards acceptance by the Swiss banking community - Click to enlarge Swiss private bank Falcon has become the first mainstream wealth manager in the country to allow clients to invest bitcoins in their portfolios. The Zurich-based bank has been given the green light to accept the cryptocurrency by the Swiss financial regulator. Falcon has teamed up with cryptocurrency brokerage Bitcoin...

Bitcoin and other cryptos have fallen sharply over the past month in a shakeout that saw some of the early longs decide to take their winnings and walk away. But a 20% drop from the all-time highs hasn’t done much to temper wealthy investors interest in bitcoin and other cryptocurrencies as alternative investments potentially worthy of diversification. And with the Greyscale Bitcoin Investment Trust still trading at a...

Miners at the south portal of the Bözberg Tunnel, canton Aargau, in January. The tunnel is part of the strategy of shifting cargo from road to rail between Basel and Chiasso via the new Gotthard Base Tunnel - Click to enlarge The Swiss are not only the European champions in travelling by train, but they also invest the most in their country’s rail network. Last year, €378 (CHF416) per inhabitant was spent on rail...

Scientists feared the H5N1 virus could jump from birds to humans and trigger a pandemic - Click to enlarge Ten years ago Swiss pharmaceutical giant Novartis carried out clinical trials for a bird flu vaccine on homeless people in Poland. One man, who says they were told they were being tested for a conventional flu vaccine, is now suing the Basel-based company. When the H5N1 virus broke outexternal link among birds in...