Tag Archives: newsletter

The banking industry must send out a clear message that it is committed to consistently prevent and detect financial crimes, wrote the researches. Swiss financial institutions and public authorities must do more to prevent organised crime and money laundering within the financial system, a study by the consulting firm KPMG published on Tuesday has found. The authors of the study called “Clarity on Crime in Financial...

I missed durable goods last month for scheduling reasons, which was a shame given that May is the month each year for benchmark revisions to the series. Since new estimates under the latest revisions were released today, it seems an appropriate time to revisit the topic of data bias, and why that matters. What happens with durable goods (or any data for that matter, the process is largely the same) is that the Census...

Bitcoin has tumbled back below $6,000 in early Asia trading and the rest of the crypto space is following suit. No imediate catalyst for the move – aside from technical pressure – but tougher AML rules in South Korea and US Congress being told Bitcoin is a threat to the US election may have sparked it earlier in the week and this is follow-through. Bitcoin can’t catch a bid off the weekend’s $6,000 slump… BTC/USD,...

Towards the end of 2017, Bitcoin — and with it other cryptocurrencies — experienced a real hype. Within a few months, prices shot through the ceiling. The euphoria was ginormous and in hindsight pure madness. With the new year, the disillusionment arrived. The market capitalization of all cryptocurrencies fell by more than half and prices plunged. This somewhat harsh consolidation was expected to bring the crypto world...

The KOF Economic Barometer rose again in June for the first time in three months. It increased by 1.7 points to 101.7 points, stopping its downward tendency in spring. The current Barometer value is now slightly above the long-term average of 100.0. Thus, the KOF Economic Barometer indicates a slightly above-average economic development in Switzerland. The tailwind for the Swiss economy is no longer as strong as during...

Neuchâtel, 28 June 2018 (FSO) – For the second consecutive year, the tourism balance of payments was negative in 2017. This means that expenditure by Swiss residents during visits abroad exceeded the expenditure of non-residents during their stay in Switzerland. In an economic climate still marked by a strong franc, the tourism balance of payments was CHF -122 million, according to initial estimates from the Federal...

On 25 June 2018, the city of Zug, the town at the heart of Switzerland’s crypto valley, started testing a voting system based on blockchain technology. ©-Denis-Linine-_-Dreamstime.com_ - Click to enlarge During the trial, which runs until 1 July 2018, around 200 voters will cast non-binding municipal votes on mock questions in a trial designed to identify any bugs in a system built by the company Luxsoft and the...

juin 27, 2018 par LHK Bitcoin : les causes de la chute historique sous la barre des 6 000$. 2 articles de Adrien Pittore/ Entreprise news Bitcoin Horrific CrashesLes soldes ne commencent que mercredi. Et pourtant, la valeur du Bitcoin, plus généralement des cryptomonnaies, a accusé un sacré coup de rabais jeudi 21 juin. Alors qu’il était plutôt bien stabilisé, le cours du Bitcoin s’attaquait à la barre symbolique...

London house prices down 1.9 per cent in Q2 (yoy) London house prices still 50% above 2007 bubble peak (see chart) Brexit and weak consumer confidence to blame say experts Little sign that U.K. property “weakness” is likely to change London property bubble appears to be bursting Editors Note: The London property bubble appears to be in the early stages of bursting. House prices are falling with reports of falls of as...

In May 2014, Switzerland voted against a minimum wage of CHF 22 an hour. At some point voters in the canton of Geneva will get to vote on a similar initiative, which would apply only in the canton. Similar to the federal vote, which was rejected by 76.3% of Swiss voters, the plan calls for a minimum hourly wage of CHF 23 ($US 23.40). Based on a 40-hour week, this works out at around CHF 4,000 per month. Vote organisers...