Czech Republic wants a piece of the rising hedge fund industry, after a new EU regulation named AIFMD (Alternative Investment Fund Manager Directive) takes effect in July. Previously the highest number of hedge funds, after the U.S., are domiciled in Luxembourg, a tiny EU state. But the new EU rules, which are meant to enforce greater regulation and control in the money-managing industry, will require outside hedge funds to be domiciled in any one of...
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Proponents of income investing may not like it, but there is nothing like a growth portfolio portions of which can be sold at higher prices to rival benefits of a dividend portfolio. Buying at lower prices is also an effective strategy for stocks such as Gilead Sciences, Inc. (NASDAQ:GILD), Oasis Petroleum Inc. (NYSE:OAS), and Interactive Brokers Group, Inc. (NASDAQ:IBKR) which offer excellent earnings potential. Here is a closer look: Gilead Sciences, Inc. (NASDAQ:GILD) is a bio-pharmaceutical company...
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Switzerland’s ‘tighter regulations’, yes that’s a term that looks out of place when put together with Switzerland, have apparently failed to deter investors and hedge funds from increasing their standing in Zurich. The $24 billion Swiss hedge fund industry will be experiencing some heavy inflows this year after going through a dry spell last year. A good ten hedge funds will be opening shop in Switzerland this year, after none showed interest in the country...
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Cisco CEO John Chambers spoke with FOX Business Network’s (FBN) Liz Claman at the World Economic Forum in Davos, Switzerland about his partnership with Russia and Canada. Chambers said, “Russia at the present time is easier for me to do business in than the U.S. at times” and that “the easiest country in the world to do business presently is Canada.” Chambers went on to say that the reason for the stock being up...
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Multinational companies including Yahoo! Inc. (NASDAQ:YHOO), Google Inc (NASDAQ:GOOG), Merck & Co., Inc. (NYSE:MRK) and Dell Inc. (NASDAQ:DELL) are taking advantage of the lenient policies and extensive network of tax treaties in Netherlands to divert hundreds of millions of dollars in global profits to reduce their worldwide tax bill. Netherlands emerged as the new tax haven in Europe, according to a report from Bloomberg. Data from the Dutch Central Bank showed that multinational companies funneled €10.2...
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The World Economic Forum will kick off in Davos, Switzerland on Tuesday evening. Fondly know as Davos, the annual event brings together politicians, chief executives, heads of states from the G20, academics, writers and celebrities together to socialize and share ideas in the Swiss Alps. There are 2,600 delegates, including 1,600 business leaders, from 100 countries and the attendee list is by invite-only. For this years’, 700 of them are estimated to come from the U.S....
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What: FOX Business Network’s (FBN) Liz Claman reports live from the World Economic Forum in Davos, Switzerland. The Annual Meeting, taking place January 23rd -25th, features 2,500 leaders from more than 100 countries addressing current challenges and future risks in the global economy. Live coverage will begin at 11am (ET) on Wednesday morning and feature interviews and commentary from top economists, business leaders and industry executives, including Aetna Chairman President and CEO Mark Bertolini;...
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Jim O’Neill, chairman of Goldman Sachs Group, Inc. (NYSE:GS) Asset Management, spoke with Tom Keene and Sara on “Bloomberg Surveillance” today and said that the Bank of Japan must show it is serious about inflation targeting for the yen to weaken further. O’Neill said: “We’ve traveled a long way since late November” and “classical indicators suggest it is oversold.” The Bank of Japan “has got to show its going to take this 2 percent inflation...
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Brady Dougan, CEO of Credit Suisse Group AG (NYSE:CS), told a newspaper today that the bank’s restructuring is not going to lead to a split. Dougan’s interview is scheduled to appear in Wednesday’s edition of Finanz and Wirtschaft, a Swiss publication. He also said that the decisions they made have nothing to do with a U.S. tax probe that’s been going on for some time. Credit Suisse Group AG (NYSE:CS)’s restructuring plan includes putting...
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Now we are getting somewhere: Frankfurter Allgemeine Zeitung has: Quote: The authorities have the largest European Bank – HSBC Holdings plc (LON:HSBA) (NYSE:HBC) – in its sights: The British tax-authorities checks thousands of accounts in the bank after a loss of data. ”We get information from a number of channels to insure the tax-regulations are kept”, according to an announcement Friday from the HMRC . The exact wording according to the...
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Apple Inc. (NASDAQ:AAPL) has paid a “lump sum” of $21 million to SBB, the Swiss railway service, for rights to the clock design similar to the one in iOS 6 on the iPad. “For the use of the clockface on certain Apple devices, such as iPads and iPhones, the parties have negotiated an arrangement that enables Apple Inc. (NASDAQ:AAPL) to use the SBB station clock under a license agreement,” SBB said on Friday. In September, this...
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