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Uruguay Exports 1000 Pounds of Cannabis To Switzerland, Announces New Industry Measures
Tuesday, August 4, 2020 - 12:02pm | 542Uruguay recently completed several cannabis shipments to Europe that helped cement its position as a global cannabis exporter. The events were crowned by a public statement given Monday by president Luis Lacalle Pou, in which he underlined how important the crop is to the country...
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Credit Suisse Reports Q2 Earnings Beat
Thursday, July 30, 2020 - 3:49am | 281Credit Suisse Group AG (NYSE: CS) announced its financial results for the year's second quarter on Thursday, amid a backdrop of structural change at the Swiss bank. The bank posted a net income of $1.27 billion in the quarter, up 24% from the similar period a year ago....
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Credit Suisse Accuses Former COO Of Another Employee Spying Case
Monday, December 23, 2019 - 7:36am | 433Zurich-based investment bank Credit Suisse Group AG (NYSE: CS) on Monday confirmed a second spying case reported by Swiss newspaper Neue Zürcher Zeitung earlier last week. What Happened The Swiss bank said that a member of its executive board, Peter Goerke, was placed under...
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Swiss Court Slaps 25% Tax On Cannabis Flower
Sunday, March 17, 2019 - 2:21pm | 541A court in Switzerland made things tougher for cannabis businesses by ruling that sale of cannabis flower should carry a 25-percent tax. What Happened In a March 11 decision, the Swiss Federal Administrative Court said that because the flower is smoked in a similar way to cigarettes, it should be...
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Why Bermuda Could Be The Next Switzerland
Thursday, March 2, 2017 - 9:52am | 1172Bermuda is an island in the North Atlantic Ocean, about 665 miles east of Cape Hatteras, North Carolina. Over time, this subtropical paradise became especially popular among U.S. tourists looking for non-crowded white-sanded beaches, green water and coral reefs. However, there is much more to the...
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A New ETF For International Dividend Growth
Friday, May 20, 2016 - 1:24pm | 393Dividend growth, as it should be, is a point of emphasis for seasoned income investors. Plenty of issuers of exchange-traded funds have met that demand with a batch of U.S.-focused dividend growth ETFs. Some issuers are also taking the dividend growth approach to international ETFs. BlackRock Inc...
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Switzerland ETF Sort Of Stable, But Currency Is An Issue
Monday, April 11, 2016 - 9:11am | 659Switzerland is often see as a beacon of economic stability in what can a volatile European scene, but the Swiss franc always looms large for investors considering Swiss equities. Franc strength often weights on Swiss stocks, particularly when the currency is prized as a safe-haven and when gold...
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This ETF Is A Potentially Important Gauge Of Risk Appetite
Tuesday, April 5, 2016 - 8:46am | 574There is no dearth of exchange-traded funds that have “benchmark” status, and plenty of those are believed to be sound gauges of risk appetite. One of the more overlooked ETFs in terms of gauging market sentiment and risk appetite might just be the Ishares MSCI Europe Fincls Sctr Indx...
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Cybersecurity A Hot Topic At Davos
Thursday, January 21, 2016 - 10:06am | 420Cybersecurity has been a hot-button issue in both the public and private sectors over the past year after a spate of hacking attacks left several companies in jeopardy and illustrated that the U.S. government is struggling to keep pace with hackers. With concerns about cyber-terrorism ramping...
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Swiss Miss: Switzerland Skirts Recession, But ETFs Struggle
Friday, August 28, 2015 - 2:32pm | 664A large number of diversified developed-markets exchange-traded funds have exposure to Swiss stocks, with Switzerland often being one of the largest country weights following the U.K. and Japan in those funds. So, it should be good news that Switzerland surprisingly avoided a recession in the...
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Is There Consumer Inflation In Switzerland? The Producer Price Index May Indicate So
Wednesday, August 12, 2015 - 8:15am | 610A Producer Price Index (PPI) is a great indicator for revealing inflation in an economy. The reason being any increases manufacturers pay for goods and raw materials are usually passed on to the consumer, thereby creating an inflation indicator. Switzerland’s PPI has consistently...
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Ron Insana On Seriousness Of A Global Deflation
Thursday, January 15, 2015 - 2:04pm | 385CNBC contributor and Marketfy Maven Ron Insana was recently seen discussing the seriousness of a global deflation and the impact of falling commodity prices. Markets: Undervaluing Risk Of A Global Deflation Or Taking It Seriously? When considering the markets stance toward a potential global...
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Burger King And Taco Bell Tag Team McDonald's For Fast Food Crown
Wednesday, April 2, 2014 - 9:05am | 632As if Yum! Brands (NYSE: YUM) Taco Bell trying to muscle in on breakfast wasn’t enough, traditional rival, Burger King (NYSE: BKW) has entered the ring and is stealing customers from McDonald’s (NYSE: MCD) in the U.S. So said Brian Sozzi of Belus Capital Advisors on Jim Cramer's The Street...
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UBS Profits Plunge, Hit by Facebook IPO Loss
Tuesday, July 31, 2012 - 11:15am | 437UBS (NYSE: UBS), Switzerland's largest bank by assets, announced Tuesday a 58 percent drop in net profit to 425 million francs. Losses stemming from the Facebook (NYSE: FB) initial public offering (IPO) were 349 million Swiss francs ($356 million). UBS indicated in a statement, "We will take...
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Euro Zone Jobless and Inflation Rates Climb Higher
Thursday, March 1, 2012 - 9:18am | 918There was more bad news out of Europe on Thursday when the European Union's statistics agency Eurostat announced that unemployment in the euro zone had climbed to a euro era record high and inflation was on the rise too. Eurostat said that unemployment across the euro zone had reached 10.7 percent...