Föhrenbergkreis Finanzwirtschaft

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Archive for 25. Oktober 2016

Bankpleite in Prag schlägt Wellen bis nach Wien

Posted by hkarner - 25. Oktober 2016

Renate Graber25. Oktober 2016, derstandard.at

 ERB Bank wurde Lizenz entzogen – 60-Millionen-Bond von Wiener Unternehmen unter der Lupe

Wien – Die Tschechische Nationalbank (ČNB) hat am Montag der kleinen tschechischen ERB Bank die Lizenz entzogen. Die frühere European Russian Bank ist dem russischen Oligarchen Roman Popov zuzurechnen, der auch im Management-Board sitzt. In erster Linie hat die ERB tschechisch-russische Handelsgeschäfte finanziert, parallel dazu bot man in den beiden Niederlassungen in Prag und Karlsbad aber auch Standard-Bankdienstleistungen an. Allerdings hatten die Aufseher in Prag schon länger ein Auge auf die ERB geworfen, sie hinterfragten die Einhaltung von, beispielsweise, Geldwäscherichtlinien und Compliance. Den Rest des Beitrags lesen »

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IWF fordert höhere Ausgaben von Deutschland

Posted by hkarner - 25. Oktober 2016

Deutsche Wirtschafts Nachrichten  | 

Lagarde CCDer IWF hat Deutschland und einige andere Staaten aufgerufen, mehr für das weltweite Wachstum zu tun. Gerade in der Infrastruktur könnten neue Investitionen getätigt werden, so die IWF-Chefin Lagarde.

Die Chefin des Internationalen Währungsfonds (IWF), Christine Lagarde, hat Deutschland zu verstärkten staatlichen Investitionen aufgefordert, um das Wachstum anzukurbeln. Deutschland gehöre ebenso wie Kanada und Südkorea zu jenen Industriestaaten, die für solche wachstumsfördernden Maßnahmen noch Spielraum in ihren Haushalten hätten, sagte Lagarde am Donnerstag in Washington. Den Rest des Beitrags lesen »

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Can Europe’s Banks Save the EU?

Posted by hkarner - 25. Oktober 2016

Photo of Dambisa Moyo

Dambisa Moyo

Dambisa Moyo, an economist and author, sits on the board of directors of a number of global corporations. She is the author of Dead Aid, Winner Take All, and How the West Was Lost.

OCT 24, 2016 Project Syndicate

NEW YORK – The multi-billion-dollar fine recently imposed by the US government on Germany’s Deutsche Bank for mis-selling mortgage securities in the United States has done little to improve confidence in the European Union, which remains plagued by slow economic growth, high unemployment, immigration challenges, and mounting uncertainty. What the Deutsche Bank scandal has done is shine a light on a last-resort option – a kind of “Hail Mary pass,” in American football terms – that could potentially save the European project.

Despite representing around 20% of world GDP, the eurozone does not have a top-ten bank or financial services institution in the FT 500 global ranking. The knock-on effects of such a fragmented and vulnerable banking system are apparent in Europe’s relatively poor showing in other sectors, such as technology and energy, that are vital for EU members’ economic future. Den Rest des Beitrags lesen »

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Venture Capitalists Hunt for the Next Big Thing

Posted by hkarner - 25. Oktober 2016

Date: 24-10-2016
Source: The Wall Street Journal

As they struggle to predict what tech might spark a new boom, investors spread their bets

Virtual reality is one of the technologies attracting venture-capital investment.

Venture capitalists are always chasing the next big thing. Of late, they are struggling to figure out what that might be.

Nearly a decade has passed since the smartphone sparked a startup gold rush. Silicon Valley investors have yet to identify the next product that will spawn a similar wave of tech companies and lucrative returns.

Venture capitalists are spreading their bets across technologies where the path to profits is unclear, including self-driving cars, drones, artificial intelligence, virtual reality, even food. Den Rest des Beitrags lesen »

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It was WRONG TO LET THOSE COUNTRIES IN !

Posted by hkarner - 25. Oktober 2016

Date: 24-10-2016
Source: The Wall Street Journal
Subject: Hungarian Premier Again Opposes EU on Immigration

OrbanOn 60th anniversary of 1956 uprising, Viktor Orban says Hungary must fortify its borders

Hungarian Prime Minister Viktor Orban attends a news conference on his country’s recent referendum on restricting immigration into Europe in Budapest on Oct. 4.

BUDAPEST—Hungarian Prime Minister Viktor Orban criticized what he sees as a new oppressing force, the European Union, as he commemorated the 60th anniversary of the 1956 revolution against Soviet rule on Sunday.

Mr. Orban said Hungary must keep combating EU plans to welcome and assist refugees by fortifying its borders and regaining national control over migration policies.

“The task today of Europe’s liberty-loving nations is to save Brussels from becoming like the Soviets—that they want to decide instead of us who and how we want to co-exist with,” Mr. Orban said in a speech in front of parliament as he celebrated the spirit of the 1956 uprising, which was eventually crushed by Russian tanks. “We don’t want an alliance of free European nations to be replaced by a United States of Europe.” Den Rest des Beitrags lesen »

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Private Equity: The barbarian establishment

Posted by hkarner - 25. Oktober 2016

Date: 24-10-2016
Source: The Economist

Private equity has prospered while almost every other approach to business has stumbled. That is both good and disturbing

THIS year Henry Kravis and George Roberts, the second “K” and the “R” of KKR, celebrated their 72nd and 73rd birthdays, respectively. Steve Schwarzman, their equivalent at Blackstone, turned 69; his number two, Hamilton James, 65. In the past few months David Rubenstein, William Conway and Daniel D’Aniello, the trio behind and atop Carlyle, turned 67, 67 and 70. Leon Black, founder and head of Apollo, is just 65.

These men run the world’s four largest private-equity firms. Billionaires all, they are at or well past the age when chief executives of public companies move on, either by choice or force. Apple, founded the same year as KKR (1976), has had seven bosses; Microsoft, founded the year before, has had three. On average, public companies replace their leaders once or twice a decade. In finance executives begin bowing out in their 40s, flush with wealth and drained by stress. Den Rest des Beitrags lesen »

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