Cimatron Sells 1, 500 Post Processor in January Alone
Israel’s Cimatron, a provider of integrated CAD/CAM software solutions for the tool making and manufacturing industries, announced that this month it delivered its 1, 500th post processor for GibbsCAM, More...
More arrests over unreported Swiss accounts
A social worker from little town Holon is suspected of keeping $1 million in unreported overseas accounts. Haifa Magistrates Court Judge Eran Kotton today granted the request by the Israel Tax More...
Sunrise IPO Casting Shadow Over Competition
Sunrise, a Swiss mobile telecom company, may have the biggest IPO for Switzerland since 2006, and comes amid the lifting of the cap off of the Swiss Franc and increased competition in the telecom sector. More...
Treasury Secretary Jack Lew Says Strong Dollar Is Good for US
U.S. Treasury Secretary Jack Lew painted a bullish picture of the U.S. economy at Davos. While problems in the global economy might create problems for U.S. companies with global exposure, it won’t prevent More...
Julius Baer May Cut Staff as Swiss Franc Surges
Julius Baer may not exactly be unscathed by the crisis in the Swiss Franc, according to the Financial Times. In the days following the Swiss National Bank’s move to remove the cap from the Swiss More...
Julius Baer, Unscathed by Swiss Uncapping of the Franc, Warning of Pain Ahead for Banks
The Swiss National Bank made the shocking move of eliminating its currency cap on the Swiss franc, and many banks lost money. Citigroup, Deutsche Bank and Barclay’s suffered joint losses of $400 million More...
What Are They Really Doing over in Davos?
Every January, hundreds of politicians, CEOs, scientific experts, and celebrities gather for their annual meeting in the exclusive Swiss ski resort of Davos to “improve the state of the world.” More...
Report: Switzerland Should Learn from Stanley Fischer’s Currency Moves
Rather than buying euros in order to keep the exchange rate at a minimum of 1.2 francs, the Swiss National Bank (SNB) should have emulated Stanley Fischer’s moves at the Bank of Israel and not set a More...
FXCM Bailout by Richard Handler and Leucadia Might Be Just a Band-Aid
The last minute bailout of FXCM with a $300 million loan from Leucadia may turn out to be only a bandaid as the stock of FXCM plummeted when details of the deal were announced, according to Bloomberg. The More...
Unlike Other Banks, Julius Baer Not Hurting After Switzerland Cancels Franc Cap
While other banks are bleeding millions, Julius Baer Group said it sustained no losses in the days following the Swiss Central Bank’s sudden decision to cancel its franc cap, according to Bloomberg. More...