Fixed income

Opportunities in fixed income exist… and the drivers for performance are: carry spread tightening roll – down Oddo BHF has a great expertise in this area… 

It has been suggested that a 3% yield on ten-year US Treasury bonds (10s) is a sort of magic number that indicates that one should start shifting from stocks to […]

Amazon, JP Morgan Chase, and Berkshire Hathaway announced today they are forming a non-profit joint venture to manage and streamline their employee healthcare programs.

The CEOs of these giant companies — Jeff Bezos of Amazon, Jamie Dimon of Chase, and Warren Buffet of Berkshire Hathaway — say the new company will focus on technology solutions that will provide high-quality health benefits at a reasonable cost.

German carmakers Volkswagen came under fire Monday following revelations they helped finance experiments that saw humans and monkeys exposed to toxic diesel fumes that have been linked to asthma, lung diseases and heart attacks.
The disclosures sparked widespread outrage, led by Chancellor Angela Merkel who strongly condemned the latest controversy to hit the nation’s powerful but scandal-tainted auto industry.

Swiss food group Nestle said on Friday it planned to cut as many as 400 jobs in France in support services and HQ functions, as it sees to cut cost and boost efficiency, confirming a media report.

The Swiss food company announced the plan in a meeting with labour leaders, according to Daniel Loget, secretary of the worker’s consultation committee at Nestle Purina in Paris, and Patrick Fernand, a representative from the CGT union.

The Council of the European Union announced Tuesday that the EU has amended its blacklist of jurisdictions that it deems uncooperative in tax matters, removing eight jurisdictions from that list.

EU finance ministers removed eight ‘entities’ – countries and territories – from the tax havens blacklist, while ruling out more transparency or sanctions.

The Swiss bank UBS reported a net profit of 1.165 billion Swiss francs ($1.25 billion) for the whole of 2017, weighed down by a writedown in the fourth quarter that related to the new U.S. tax overhaul.

The consensus from a Reuters poll was for a figure of 1.257 billion Swiss francs, below the 2016 number of 3.3 billion Swiss francs and below the 2015 figure of 6.2 billion Swiss francs.

Switzerland has moved a step closer to breaking free of the European Union (EU) after the government allowed proponents of a campaign to curb immigration to start canvassing public support for a referendum.
The country is not a member of the EU but currently has open borders with the bloc as a price for access to the Single Market. However, the populist Swiss Freedom Party (SVP) have been pushing for a referendum on the matter.