Corporate

Switzerland: optimism in companies despite Brexit

For the first time, since the end of 2014, between the financial directors of Swiss companies optimists outnumber pessimists about the economic outlook, despite Brexit. This is what reveals a survey released today by the consulting firm Deloitte, which questioned 115 cfo. Almost a third of respondents (compared to 31% in the second quarter 2016 and 24% in the first quarter 2016) argues that global economic prospects for Switzerland are positive, while 18% are more pessimistic.

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Verizon closing in on Yahoo acquisition

Verizon would be close to the acquisition of Yahoo!, as reported by Bloomberg, according to which the parties have come to the stage of "two-negotiation" and that an announcement could come in days.

Earlier this week the offers were evaluated in a range between 4 and 6 billion dollars, with the exception of that of the same telecomunications company that would stop under 4 billion, but excluding the perimeter of purchase patents and real estate properties.

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Volkswagen stops sales in South Korea

The Volkswagen Group has announced that from next Monday will make a voluntary stop the sale of 79 models in South Korea, as reported by various German newspapers. "We have decided to suspend sales to limit confusion between dealers and customers," said a spokesman for Volkswagen South Korea, who added that in case of withdrawal, to regain certification of the involved models may take up to three months.

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UBS: Athens is investigating possible tax fraud

The Greek government confirmed the raid, which took place in Athens in the house of a former UBS banker in the early days of the month, news already anticipated by the Financial Times. The investigation is relating to an alleged tax evasion.

A bank spokesman said the institute would not have been informed by the Greek authorities in the investigation and therefore can not provide more details on the matter.

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Ex-UBS trader lost UK deportation appeal

The former London-based UBS trader Kweku Adoboli will not remain in the United Kingdom and will be extradited to Ghana, his country of origin. The Upper Tribunal of the Immigration and Asylum Chamber issued that judgment, rejecting his appeal to remain in Britain, where he lived from the age of 12 years.

In 2011, Adoboli had been responsible for a loss of $ 1.4 billion, as a result of unauthorized trading. In 2012 he was sentenced to seven years jail for fraud.

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‘Pokemon Go’ mania doubles Nintendo’s stock price

The "Pokemon Go" successful drag up the title that Nintendo has today gained another 14% to the Tokyo Stock Exchange to close at 31,700 yen (295 francs). Since the launch of the game, on July 6, Nintendo’s market capitalization has more than doubled to 4.5 trillion yen (42 billion francs), more than that of Sony. Nintendo has also established a new record for the largest number of shares traded in one day in Japan, beating the record that he scored last Friday.

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Deutsche Bank, ongoing restructuring

Deutsche Bank has decided to close or merge into "the most significant places, larger and more powerful", by 2017, 188 of 723 branches in Germany.

Moreover, the institute has announced plans to increase banking services via the internet, investing, by 2020, 750 million euro in digital offerings. The plan does not come as a bolt from the blue: in June, the bank announced to cut 3,000 jobs in Germany, of which 2,500 in the commercial and private client division.

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Netflix slows and shares sink

The growth of Netflix users slows and makes sink the share price, which in the after-market comes to losing 15.09%. Netflix ended the second quarter with 1.68 million users in more, of which 1.52 million outside the US and 160.00 on the domestic market. The figures are below expectations, but the company insists the break-even target for 2016 and a profit in 2017.

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