Gold gains as stocks recover Sydney Morning Herald | Gold firmed a touch in US holiday-thinned trade, with firmer stock markets and a recovery in the euro from early lows taking some pressure off the metal, while traders digested last week's euro zone downgrades from Standard & Poor's. | The single currency edged above the near 17-month low it h...
A new year fir the Euro: What could happen and why Americans should be concerned PhysOrg | “Plan to see ongoing high volatility and deteriorating credit ratings for countries in the Eurozone for 2012, which will keep influencing the American economy,” says professor Werner Bonadurer, a Swiss native who served as a former board member and global head of trading and sales at fin...
Oldest Swiss bank falls victim to US tax probe The Guardian * Wegelin facing U.S. tax probe * First standalone Swiss bank sold due to U.S. clampdown * Raiffeisen taking all non-U.S. business from Wegelin (Adds more background) By Katie Reid ZURICH, Jan 27 (Reuters) - Wegelin, Switzerland's oldest bank, has be...
UPDATE 1-Swiss group Klesch eyes Petroplus assets The Guardian (Adds details, background, more comment) * Klesch eyeing assets in Europe, U.S. * Investor has positive long-term outlook on industry * More refineries in Atlantic Basin come under pressure By Martin de Sa'Pinto and Zaida Espana ZURICH/LONDON, Jan 27...
Swiss private bank Wegelin selling non-US business The Wichita Eagle | GENEVA — Switzerland's oldest private bank, Wegelin & Co., said Friday it is selling most of its business to Raiffeisen Group amid a dispute with U.S. authorities over tax-cheating allegations. | A majority of Wegelin's clients and staff will...
Swiss private bank Wegelin selling non-US business my SA | GENEVA (AP) — Switzerland's oldest private bank, Wegelin & Co., said Friday it is selling most of its business to Raiffeisen Group amid a dispute with U.S. authorities over tax-cheating allegations. | A majority of Wegelin's clients and staff...
Swiss private bank Wegelin selling non-US business Fresno Bee | GENEVA -- Switzerland's oldest private bank, Wegelin & Co., said Friday it is selling most of its business to Raiffeisen Group amid a dispute with U.S. authorities over tax-cheating allegations. | A majority of Wegelin's clients and staff will be t...
Swiss private bank Wegelin selling non-US business The State | GENEVA - Switzerland's oldest private bank, Wegelin & Co., said Friday it is selling most of its business to Raiffeisen Group amid a dispute with U.S. authorities over tax-cheating allegations. | A majority of Wegelin's clients and staff will be tr...
The lord, the birching and the Davos failure Sydney Morning Herald | The ego-stroking gabfest of the alleged financial elite in Davos is the World Economic Forum only in name – albeit a cosy and lucrative name, given its $160 million income last year. Perhaps unwittingly, Davos this week symbolises Old World h...
Hamish McRae: In a sombre year Davos worries about greater equality The Independent | But many global leaders will be there, for it is a very efficient way of setting up a string of meetings. So the gathering will, as always, crystallise the mood of the moment. That is, of course, one of concern – and at two levels. One is the way the developed world economy is failing to recover as swiftly as seemed likely even a few months ago...
