Dienstag, 29. November 2011

Hypo Venture Capital Headlines : Zurich voters take results in their stride - Voteforduane.org

Hypo Venture Capital Headlines : Zurich voters take results in their stride - Voteforduane.org

On a bright if somewhat crisp day after the parliamentary elections held every four years, it was very much a case of business-as-usual in Zurich.
This was despite a significant shift in the electoral landscape which saw major parties such as the rightwing Swiss People’s Party (SVP), the Radicals and the Greens in particular lose significant support to new centre parties, the Liberal Greens and the Conservative Democrats.

The general surprise expressed by most political commentators at the results – particularly the loss of eight seats in the House of Representatives by the People’s Party – was not repeated by many of the citizens of Zurich.

Heading into the city centre to talk to locals about their interpretation of the election results, this graffiti scrawled on a wall near the famous Hitl restaurant was an apt precursor to the response to come:

“Stop SVP Brainwash!”

Jacques, 50, a banker waiting for a tram at Paradeplatz, the symbolic heart of the Swiss banking industry, told swissinfo.ch the result was “as expected”.

“The new parties in the middle are getting a little bit stronger so it was not a surprise,” he said. “People are getting fed up with the old establishment parties who don’t change their political direction so people want to vote in the middle with new parties.”

Barbara, 47, a nurse, said she was happy that the centre parties had won more ground in the elections.

Hypo Venture Capital Headlines : Zurich voters take results in their stride - Voteforduane.org

Hypo Venture Capital Headlines : Zurich voters take results in their stride - Voteforduane.org

On a bright if somewhat crisp day after the parliamentary elections held every four years, it was very much a case of business-as-usual in Zurich.
This was despite a significant shift in the electoral landscape which saw major parties such as the rightwing Swiss People’s Party (SVP), the Radicals and the Greens in particular lose significant support to new centre parties, the Liberal Greens and the Conservative Democrats.

The general surprise expressed by most political commentators at the results – particularly the loss of eight seats in the House of Representatives by the People’s Party – was not repeated by many of the citizens of Zurich.

Heading into the city centre to talk to locals about their interpretation of the election results, this graffiti scrawled on a wall near the famous Hitl restaurant was an apt precursor to the response to come:

“Stop SVP Brainwash!”

Jacques, 50, a banker waiting for a tram at Paradeplatz, the symbolic heart of the Swiss banking industry, told swissinfo.ch the result was “as expected”.

“The new parties in the middle are getting a little bit stronger so it was not a surprise,” he said. “People are getting fed up with the old establishment parties who don’t change their political direction so people want to vote in the middle with new parties.”

Barbara, 47, a nurse, said she was happy that the centre parties had won more ground in the elections.

Hypo Ventures Capital Headlines: Facebook brings ‘Recent Stories’ option back to news feed - Voteforduane.org

Hypo Ventures Capital Headlines: Facebook brings ‘Recent Stories’ option back to news feed - Voteforduane.org

(Mashable) — Facebook is rolling out an update to News Feed that lets people sort information by Recent Stories or Highlighted Stories.

The update adds a “Sort” link at the top of the News Feed. Clicking it brings up two options for organizing News Feed content: “Highlighted Stories First” or “Recent Stories First.”

Highlighted Stories will push the most important content to the top of the page — the current way it operates. The Recent Stories option will order News Feed items in reverse chronological order, though it is not as comprehensive as Facebook’s real-time “Ticker”.

The social network revamped News Feed in September in an attempt to make sure users don’t miss the important events in their friends’ lives. This was accomplished through the launch of Ticker and an update that highlighted key events that occurred within users’ social graphs.

As part of this change, Facebook removed the “Top Stores” and “Most Recent” links at the top of the page. It looks like that some users still wanted a simple way to see News Feed items at any time, though. The new News Feed has the ability to see recent stories in News Feed if you had logged in recently, but it wasn’t a comprehensive option.

Facebook says that the Sort feature will be rolling out over the next few days. Do you think bringing Recent Stories back is a good idea? Let us know in the comments.

Hypo Venture Capital Headlines : Commodities markets summary - Saeo.net

Hypo Venture Capital Headlines : Commodities markets summary - Saeo.net

A summary of trading in key commodities markets overseas:

ENERGY

World oil prices fell Friday as investors took profits from bumper gains made during a week that saw the promise of a comprehensive plan to rescue the eurozone.

Advertisement: Story continues below

New York’s main oil contract, light sweet crude for delivery in December, slipped 64 US cents to $US93.32 a barrel.

Brent North Sea crude for December lost $US2.17 to $US109.91.

The New York price was still well above the $US86.31 close of a week before, after encouraging news on growth in China and the United States, and Thursday’s EU pact, fed expectations of firm demand.

Brent though was only slightly higher than the previous Friday’s $US109.54 as the gap between the two benchmarks appeared to be narrowing.

Prices continued to benefit from the stronger euro, which rebounded sharply against the dollar this week with the news of the eurozone deal.

PRECIOUS METALS

Gold edged lower on profit taking a day after a deal to contain the euro zone debt crisis triggered a broad rise in equities and commodities, but gold posted its biggest weekly rise since January 2009.

Spot gold finished at $US1,743.10 per ounce, almost even with where it ended the previous session at $US1,743.95. It retreated from a one-month high of $US1,751.99 to spend most of the session modestly lower.

For the week, bullion climbed about 6.5 per cent, the biggest weekly gain since January 2009. according to Reuters graphics.

US December gold futures lost around 50 US cents, or 0.3 per cent, to end at $US1,747.20, but recorded its sharpest weekly gain in six weeks.

Hypo Venture Capital Headlines : Commodities markets summary - The-looser-it-s-me

Hypo Venture Capital Headlines : Commodities markets summary - The-looser-it-s-me

A summary of trading in key commodities markets overseas:

ENERGY

World oil prices fell Friday as investors took profits from bumper gains made during a week that saw the promise of a comprehensive plan to rescue the eurozone.

Advertisement: Story continues below

New York’s main oil contract, light sweet crude for delivery in December, slipped 64 US cents to $US93.32 a barrel.

Brent North Sea crude for December lost $US2.17 to $US109.91.

The New York price was still well above the $US86.31 close of a week before, after encouraging news on growth in China and the United States, and Thursday’s EU pact, fed expectations of firm demand.

Brent though was only slightly higher than the previous Friday’s $US109.54 as the gap between the two benchmarks appeared to be narrowing.

Prices continued to benefit from the stronger euro, which rebounded sharply against the dollar this week with the news of the eurozone deal.

PRECIOUS METALS

Gold edged lower on profit taking a day after a deal to contain the euro zone debt crisis triggered a broad rise in equities and commodities, but gold posted its biggest weekly rise since January 2009.

Spot gold finished at $US1,743.10 per ounce, almost even with where it ended the previous session at $US1,743.95. It retreated from a one-month high of $US1,751.99 to spend most of the session modestly lower.

For the week, bullion climbed about 6.5 per cent, the biggest weekly gain since January 2009. according to Reuters graphics.

US December gold futures lost around 50 US cents, or 0.3 per cent, to end at $US1,747.20, but recorded its sharpest weekly gain in six weeks.

Holdings of the largest gold-backed exchange-traded-fund (ETF), New York’s SPDR Gold Trust fell 0.05 per cent from Wednesday to Thursday, while that of the largest silver-backed ETF, New York’s iShares Silver Trust SLV, remained unchanged for the same period.

Spot silver moved up to $US35.29 an ounce in late trade from $US35.05 an ounce on Thursday. It posted its biggestweekly rise of around 13 per cent in more than three years.

Hypo Venture Capital Headlines: Eurozone crisis will hit UK hard, warns Cameron - Saeo.net

Hypo Venture Capital Headlines: Eurozone crisis will hit UK hard, warns Cameron - Saeo.net

The economic mood in Europe improved after new Greek prime minister Lucas Papademos (above) was sworn in and the Italian senate passed new austerity measures – but Britain can still expect a rough ride, the British prime minister has warned. Photograph: Louisa Gouliamaki/AFP/Getty Images

Britain’s economy will be hit hard by further turmoil in the eurozone, David Cameron has warned, despite widespread relief on world financial markets as a new leader was installed in Greece and Italian politicians backed harsh austerity measures.

The prime minister insisted a “big question mark” remains over the future of the single currency, amid signs that the political impasse in Italy that sparked panic among investors may be close to a resolution. George Osborne, the chancellor, described events on the continent as “dangerous”, adding: “There’s no doubt that growth in Britain, jobs in Britain, have been hit by what’s going on in the eurozone.”

The fragile state of Britain’s economy will come back into focus next week, with the latest jobless figures expected to show that public sector job cuts and the collapse of confidence among businesses have caused unemployment to rise rapidly.

The number of young people out of work is expected to hit 1 million, and with Osborne due to deliver his autumn statement on 29 November, pressure is increasing on the government to take urgent action to boost economic growth. The deputy prime minister, Nick Clegg, tells today’s Times that Osbornes’s autumn statement must deliver for the young, adding that it is “morally imperative” for the government to act.

The chancellor made clear that he intends to blame events across the Channel for the deteriorating economic outlook and to insist that deviating from his deficit-cutting strategy would expose the UK to the kind of loss of investor confidence faced by Italy in recent days.

“It’s all the more reason that we in Britain weather this storm by taking the difficult decisions we take on our own terms – rather than being forced to do so by the markets,” he said.

Hypo Venture Capital Headlines: Eurozone crisis will hit UK hard, warns Cameron - The-looser-it-s-me

Hypo Venture Capital Headlines: Eurozone crisis will hit UK hard, warns Cameron - The-looser-it-s-me

The economic mood in Europe improved after new Greek prime minister Lucas Papademos (above) was sworn in and the Italian senate passed new austerity measures – but Britain can still expect a rough ride, the British prime minister has warned. Photograph: Louisa Gouliamaki/AFP/Getty Images

Britain’s economy will be hit hard by further turmoil in the eurozone, David Cameron has warned, despite widespread relief on world financial markets as a new leader was installed in Greece and Italian politicians backed harsh austerity measures.

The prime minister insisted a “big question mark” remains over the future of the single currency, amid signs that the political impasse in Italy that sparked panic among investors may be close to a resolution. George Osborne, the chancellor, described events on the continent as “dangerous”, adding: “There’s no doubt that growth in Britain, jobs in Britain, have been hit by what’s going on in the eurozone.”

The fragile state of Britain’s economy will come back into focus next week, with the latest jobless figures expected to show that public sector job cuts and the collapse of confidence among businesses have caused unemployment to rise rapidly.

The number of young people out of work is expected to hit 1 million, and with Osborne due to deliver his autumn statement on 29 November, pressure is increasing on the government to take urgent action to boost economic growth. The deputy prime minister, Nick Clegg, tells today’s Times that Osbornes’s autumn statement must deliver for the young, adding that it is “morally imperative” for the government to act.

The chancellor made clear that he intends to blame events across the Channel for the deteriorating economic outlook and to insist that deviating from his deficit-cutting strategy would expose the UK to the kind of loss of investor confidence faced by Italy in recent days.

“It’s all the more reason that we in Britain weather this storm by taking the difficult decisions we take on our own terms – rather than being forced to do so by the markets,” he said.