FT: Deutsche Bank ban inside stock selling

The merger talks between Deutsche Bank and Commerzbank have continued and according to Financial Times, the Deutsche Bank´s top managers have been banned from selling any bank stock.

Bankers who have tried to sell their stocks after lock-up period were blocked by the banks compliance and they were told that the banks shares have been added to the banks internal conflict list.

According to Deutsche Bank, the banning of the stock sales will continues until the merger talks with Commerzbank are clear one way or another. If the merger is to be completed, it will mean that Deutsche and Commerzbank will create the second largest bank group in the eurozone.

Banks total board remuneration rose last year to 55,8 million euros from 29,8 million euros the year earlier.

 

Business Finance

Utopia: Trendy and modern pearls

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The Italian design-company Gemmindustria Gaia Srl has created comtemporary pearls jewelleries for ladies. This Italian design is manufactured with high-quality and best natural resources.

 

According to Anna Gaia, director in the family company, they have years of experience of the pearls and how to make the best of this natural gem that is unique and as natural as in the sea. The company imports the pearls from the South Sea, North Australian Coast and also from the French Polyneasea.

-It takes about two pears for the pearl to grow in the oyster. And for the Tahiti pearls the time is little less, about 1,5 years. You know, it is good to remember, that pearls are the only natural gem, that is not manufactured later one. We only wash them when we include them in the jewellery, she says.

The Italian company, now at its 3.generation, has about 20 employees in the Milan office and the turnover is about 8-10 million euros. The majority of its jewelleries are exported to Russia.

-Pearls are becomming trendy because of the fashion trends and pearls are also timeless. We are also expanding our business to China, while the Asian heritage is known for its jewelleries and pearls, she continues.

The company brand Utopia has several collections, some are more classical design and some more for comtemporary, daily use. One of the BaselWorld new designs is the collection called Miro, which includes also ancient & brilliant cut diamonds. It is part of the art deco and trendy collection.

Lifestyle

Brexit: MPs having indicative votes next week in the UK Parliament

The Brexit-deal is accelerating next week in the UK Parliament. The MPs will have several indicative votes related to different Brexit-outcomes or second referendum. This means practically that all outcomes are open in this situation.

The general opinion of the Brexit-deal has gain new levels while millions of British people have signed the pledge against leaving the EU. On Saturday there were also protest marching in London to rise the overall interest of the topic and voting for a second referendum.

According to weekend newspapers there has also an internal discussion of the Prime Minister Theresa May´s role in the Conservative party. This shows the tensions what the Brexit-deal is having also inside the party. The BBC reported on Sunday that Theresa May could gain support for her Brexit deal if she promises to stand down as a prime minister, according to senior party representatives.

On the other hand, the finance minister Philip Hammond commented on Sunday, that Britain must find a way to leave the EU in an orderly fashion rather than trying to oust Prime Minister Theresa May.

And one can say that the MPs are more or less frustrated with the situation. As MP George Freeman tweeted: “…across the country you can see the anger. Everyone feels betrayed. Trust in democracy is collapsing. This cant go on.”

The EU leaders agreed last week that the Brexit-deal can be delayed until at last 12 April. If May´s deal is approved next week in the Parliament, the EU has agreed to extent the Brexit deadline until 22 May.

If the UK Parliament is not backing the Goverment´s deal and no other plan is revealed then the UK is set to leave the EU on the 12th April.

The big question for the next week is, if May´s deal is getting enough votes in the Parliament. The Goverment´s deal has been rejected two times in the Parliament before. On the other hand, the House of the Commons Speaker John Bercow has commented that the May´s deal needs fundamentally new items in order to be voted again in the Parliament.

 

Business Finance

Carl F. Bucherer: New watches to Heritage collection

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Carl F. Bucherer has integrated the memories from the 1950´s to the modern time. The company has unveiled new watches for the Heritage collection, which was launched last year in New York. According to the company, the Heritage collection is not just a look back at the watchmaker’s own history, but also an ode to the zeitgeist of the 1950s .

It is about the classic design and modern mechanics together. It is also a tribute to both the tradition of the Swiss watchmaker and Carl F. Bucherer’s roots in Lucerne.

– The Heritage BiCompax Annual combines timeless design with contemporary sophistication – a watch born of more than 130 years of style and savoir faire. The Lucerne-based watchmaker has launched this chronograph – featuring a large date display, an annual calendar, and a distinctive BiCompax dial design – in two exclusive versions, each limited to 888 pieces, Bucherer says.

Facts and Figures :  stainless steel/rose gold 00.10803.08.12.01 stainless steel

Movement : Automatic, CFB 1972 caliber, diameter 30.0 mm, height 7.3 mm, 47 jewels, power reserve of 42 hours

Chronograph : minutes and seconds counters, annual calendar, large date, hour, minute, small seconds

Case : Stainless steel/18 k rose gold or stainless steel, double-domed sapphire crystal with anti-reflective coating on both sides, sapphire crystal case back, water- resistant to 30 m  ( 3 atm ), diameter 41 mm, height 14.05 mm

Dial : Rose-and-champagne or silver

Strap : Calfskin strap in cognac brown or embossed rubber in black, stainless steel folding pin buckle

Lifestyle

GraffDiamonds: New China models in tourbillons

 

The Swiss- UK  company GraffDiamonds unveiled several new designs in the BaselWorld 2019.  One of them is the GyroGraff watches that  feature remarkable double-axis tourbillon and an horological complication that ensures that the timepiece remains impeccably accurate.

For example this China GyroGraff (big picture) has these technical details:

  • Hand wound double axis tourbillon
  • Functions:Hours, minutes, moonphase indicator, power reserve indicator
  • Case:Rose gold set with diamonds, 48mm
  • Dial:Métiers d’art
  • Power Reserve:72 hours
  • Water Resistance:3 ATM
  • Buckle:Exclusive Graff deployment buckle
  • Strap:Black alligator
Lifestyle