Direct Investments in 2016
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Author: SNB
Categories: SNB, SNB Press Releases
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In 2016, companies domiciled in Switzerland invested CHF 71 billion abroad. Swiss direct investment abroad thus fell short of the CHF 90 billion recorded in 2015, due primarily to lower investment activity by finance and holding companies. All other industry categories combined actually exceeded the level of the previous year with investment abroad of CHF 62 billion (2015: CHF 46 billion). Of this total, CHF 29 billion was accounted for by manufacturing and CHF 33 billion by services.
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Swiss Perfectionism
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Author: Dirk Niepelt
Categories: Dirk Niepelt, SNB
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In Der Bund, Adrian Sulc comments on the Swiss National Bank’s perfectionism. Keine andere Schweizer Organisation kommuniziert so professionell wie die SNB, keine andere Organisation kann so gut dichthalten.
Perfectionism is costly. Der Personalbestand ist in den letzten fünf Jahren um 18 Prozent auf 795 Vollzeitstellen gestiegen. … Die durchschnittlichen Lohnkosten pro Mitarbeiter betragen mittlerweile 155 000 Franken pro Jahr. Dies weil gemäss Nationalbank fast ausschliesslich Spezialisten aus Wirtschaft und IT eingestellt wurden.
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FX Daily, December 18: Trade Tensions with China Set to Escalate
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Author: Marc Chandler
Categories: FX Trends
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The two main legislative initiatives in the US this year, the repeal of the Affordable Care Act and the tax changes, are not particularly popular. However, the next items on the agenda appear to enjoy broader support. The infrastructure initiative is likely to be unveiled as early as next month. Before that, the US is poised to ratchet up the tension on China.
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FX Weekly Preview: Policy Mix Underlines Positive Fundamental Backdrop for the Dollar
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Author: Marc Chandler
Categories: FX Trends
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The prospects that the Republican-controlled legislative branch would find a compromise to tax cuts were enhanced when a few senators appeared to capitulate without much to show for it may have helped lift US stocks and dollar ahead of the weekend.
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Emerging Market Preview: Week Ahead
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Author: Win Thin
Categories: Emerging Markets
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EM FX was mixed last week, with political optimism driving the big winners ZAR and CLP. We remain cautious, as the Fed has signaled its intent to continue tightening in 2018.
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UBS chairman warns of ‘bitcoin bubble’
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Author: Swissinfo
Categories: Swiss Markets and News
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Axel Weber, the board chairman of big bank UBS, has warned of a possible Bitcoin currency crash. With increasing numbers of small investors jumping on the cryptocurrency bandwagon, it is time for regulators to intervene, he says. Bitcoin has surged from $1,000 (CHF9,900) at the start of the year to above $16,000.
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