Press Releases from Hypo Venture Capital Zurich (13 total)
Hypo Ventures Capital Headlines: Sleepy capital Bern seeks recognition
Switzerland’s capital Bern has struggled to shed the shackles of a small-town reputation in the shadows of economic powerhouses Zurich and Geneva.
A recently created association is now attempting to improve the image of Bern and the surrounding region, by boosting local development beyond its role as a political centre.
Mention the name Bern to anyone outside of Switzerland, and you might get references to a relaxed lifestyle, a world-class public…
Hypo Venture Capital Headlines: Outlook for global economy in 2012
We expect 2012 to be a year of slowing global growth, with wide divergences between regions and countries. Overall global growth will slow from about 3% in 2011 to 2.5% in 2012. For 2013, a modest recovery in global growth is likely.
The Euro-zone sovereign debt crisis will escalate, provoking a sufficiently strong policy response from the European Central Bank (ECB) and creditor governments to prevent Euro-zone disintegration and a string…
Hypo Venture Capital Headlines: Global Manufacturing Displays Resilience to Euro …
Manufacturing from the U.K. to India showed improvement in December, suggesting production is weathering strains from Europe’s sovereign debt crisis.
Purchasing manager indexes for the U.K., Switzerland, China, India and Australia rose in December, while German unemployment fell more than economists forecast as exports of cars and machinery boomed, reports today showed. U.S. manufacturing growth (NAPMPMI)accelerated more than economists forecast to the fastest pace in six months.
The factory production data indicate…
Hypo Venture Capital Headlines: Stringer blindsided by Sony hackers who probed f …
Sony Corp, besieged by hackers since April, considered its PlayStation Network an unlikely target even after threats by the online collective Anonymous and three separate security incidents in 2008.
The hacker group declared in April that it would wage a cyber war against Sony for trying to stop people from tinkering with the PlayStation 3. Three years earlier, the company faced three breaches in Europe, including one in which Sony said…
Hypo Venture Capital Zurich Headlines: HSBC to Sell 195 Branches to First Niagar …
HSBC Holdings Plc (HSBA), Europe’s largest bank by market value, agreed to sell its upstate New York branch network to First Niagara Financial Group Inc. (FNFG) for about $1 billion as it pares U.S. operations.
The price amounts to a 6.7 percent premium for the $15 billion of deposits First Niagara is acquiring along with 195 branches in New York and Connecticut, London-based HSBC said yesterday in a statement.
The deal would…
Hypo Venture Capital Zurich Headlines: Swiss banks believed to house Greek taxes
Greek Prime Minister George Papandreou believes many of the billions that have been withheld from the Greek taxman are lying in Switzerland. This, however, is largely the fault of Athens, according to Swiss-Greek economist Spyridon Arvanitis. Ultimately, the only people who know how much untaxed Greek money is in Switzerland are the banks. “I’ve heard every amount possible – even up to the sum of the Greek debt,”…
Hypo Venture Capital Headlines:Analysis: Celebration of NY’s tax cap a bit ear …
MICHAEL GORMLEY, Associated Press
ALBANY, N.Y. (AP) — Tuesday’s big announcement of a long-sought agreement to cap property tax growth in New York was great politics, but soon after the TV lights faded it became clearer the celebration was premature because major elements continue to be negotiated behind closed doors.
Here’s the issue: The Assembly’s powerful leader wants the cap to include a sunset provision, a date when it would have to…
Hypo Venture Capital Zurich Headlines: The Belgians Are Screwing Google
Hypo Venture Capital Zurich Headlines: The Belgians Are Screwing Google
A group of Belgian newspapers sued Google for including them its Google News search results, and now they are saying that Google is boycotting them, by not including them. Google can’t win.
Google is going to be screwed one way or the other if the Belgians have their way. In 2006, Google was sued by a group of Belgian newspapers for including…
Hypo Venture Capital Headlines: Dvtel Receives Debt Financing From ORIX
Nowadays, ORIX Venture Finance, a leading provider of growth capital to mid- and late-stage private companies has come to the fore, for its much hyped commitment of debtfinancing to DVTel. Recently, ORIX Venture has officially declared that it has closed a $12.5 million customized debt financing with DVTel, Inc., which is a multiple award-winning market leader in Smart Security Solutions for video surveillance.
This financing is not essentially meant to…
Hypo Venture Capital Zurich Headlines: Economic survey by Credit Suisse in coope …
The FINANCIAL — Zurich, July 21, 2011 According to the latest Credit Suisse ZEW Indicator, economic expectations for Switzerland have diminished significantly.The indicator plunged by 34.6 points to the -58.9-point mark in July, thus reaching its lowest level since the beginning of 2009. The indicator for the assessment of the current economic situation also recorded a sharp drop, falling by 17.4 points to the 52.9-point threshold. The respective balances…
Hypo Venture Capital Zurich Headlines: Why No One Should Believe Apple’s Earni …
Reuters
Apple proved its tendency to issue ultra-conservative guidance and blockbuster earnings once again on Tuesday when it released fiscal third-quarter results. “Apple is very secretive and close to the vest. They’re not above sending out smoke signals that are misleading,” said a source in the investor-relations community who wished to remain anonymous. “A company that does that routinely — maybe that’s when they should suffer a discount.” The company didn’t…
Hypo Venture Capital Headlines: Leading Mexico drug gang suspect arrested
By Tracy Wilkinson, Los Angeles TimesJune 22, 2011
A top leader of the notorious La Familia drug-trafficking gang, locked in an especially deadly internal fight in recent months, has been captured by Mexican federal police, authorities announced Tuesday.
Jose de Jesus Mendez, alias “El Chango,” one of Mexico’s most-wanted drug lords, was taken into custody in the central Mexican state of Aguascalientes, apparently without a struggle, authorities said.
Mendez led a faction of…
Atlantic International Partnership Headlines: Ad gains shore up Facebook IPO pro …
By Jon Swartz, USA TODAY
usatoday.com/ tech/news/2011-06-20-facebook-ad-gains-ipo_n.htm
SAN FRANCISCO — If there are lingering doubts about Facebook’s IPO prospects, its fortunes in advertising should quell them. A new report says the social-networking giant is poised to overtake Yahoo this year for top spot in the U.S. online display-ad market.
Facebook, which is likely to go public in a mega-initial stock offering next year, could rake in $2.19 billion in display-ad sales this year.…
