Category Archive: 3) Swiss Markets and News

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Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to a niche client base in three principal markets, the United Kingdom, South Africa and Australia, as well as certain other geographies. Investec’s strategic goals are motivated by the desire to develop an efficient and integrated business on an international scale through the active pursuit of clearly established core competencies in the group’s principal business areas.
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Inflation turns negative in Switzerland in September

2022-10-07

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2022-10-07

In September 2022, Switzerland’s consumer price index (CPI) fell by 0.2% compared with the previous month, according to data from Switzerland’s Federal Statistical Office (FSO).

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Companies increasingly pessimistic about Swiss economy

2022-10-07

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2022-10-07

Chief financial officers (CFOs) are more pessimistic about the economic outlook for Switzerland than they were six months ago, according to a survey conducted by Deloitte for the second half of 2022.

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2021 a ‘mixed year’ for farmers and their profits

2022-10-06

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2022-10-06

Agricultural income in Switzerland grew slightly in 2021 to reach an average of CHF80,700 ($81,765) per farm, according to latest statistics.

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Explainer: how the Swiss electricity market works

2022-10-05

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2022-10-05

The energy crisis is causing electricity prices to soar across Europe, including in Switzerland. But the impact on the country is very unequal because of specific characteristics of its market.  

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Credit Suisse reassures investors over bank’s financial strength

2022-10-04

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2022-10-04

Senior Credit Suisse executives spent the weekend reassuring large clients, counterparties and investors about the Swiss bank’s liquidity and capital position in response to concerns raised about its financial strength.

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Swiss electricity savings drive slow out of the blocks

2022-10-04

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2022-10-04

Electricity consumption in Switzerland remained at normal levels last month despite a government appeal for households and industry to make savings.

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The strong Swiss franc – truth or myth?

2022-10-03

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2022-10-03

The Swiss franc has hit an all-time high against the euro. Even though it trades at an unprecedented CHF0.95 to the euro, the strong franc no longer poses a threat to the Swiss economy. What has changed in the last ten years? 

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Swiss landlords fear lawsuits for turning down heating

2022-10-03

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2022-10-03

Landlords and tenants are opposing government calls to reduce household heating to 19 degrees Celsius, warning it might spark a flurry of lawsuits.

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Test hackers fail to breach Swiss Post’s e-voting system

2022-10-01

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2022-10-01

Not one hacker managed to penetrate the Swiss Post’s e-voting system during a security test, according to Swiss Post. The system withstood 60,000 attacks.

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$200 million fine for UBS and Credit Suisse

2022-09-30

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2022-09-30

The biggest two Swiss Banks have each been fined $200 million (CHF199 million) as part of a large-scale US investigation into the failure to preserve electronic communications.

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Swiss pensioners to be compensated for inflation

2022-09-29

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2022-09-29

Pensions in Switzerland should in future be topped up to fully account for the rising cost of consumer goods, parliament has agreed.

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Credit Suisse forced to address restructuring concerns

2022-09-28

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2022-09-28

Troubled Swiss bank Credit Suisse has sought to quieten rampant speculation about its upcoming strategic revamp following leaks to the media and concerns of its staff.

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Swiss diaspora more keen on pension reform and animal welfare

2022-09-27

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2022-09-27

While the pension reform, which raises the retirement age for women from 64 to 65, was narrowly accepted in Sunday's vote, the Swiss Abroad were more strongly in favour. The majority of voting expats were also in favour of abolishing factory farming and withholding tax unlike resident citizens. Pauline Turuban My specialty is telling stories, and decoding what happens in Switzerland and the world from accumulated data and...

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Zurich to enshrine the circular economy in constitution

2022-09-27

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2022-09-27

Voters in Switzerland’s biggest canton have overwhelmingly approved a new article to promote a cleaner and more efficient use of resources.

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Marked economic slowdown on horizon in Switzerland

2022-09-26

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2022-09-26

On 20 September 2022, government forecasters announced downgraded expectations for GDP growth in Switzerland. A group of experts focused on predicting business cycles downgraded expected GDP growth to 2.0% in 2022 and to 1.1% in 2023.

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Reform of withholding tax flops in Swiss ballot

2022-09-26

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2022-09-26

Voters have thrown out a decision by parliament to scrap withholding tax on interest from Swiss bonds. Final results show 52% of voters coming out against the reform, which was aimed at boosting investment in Switzerland as well as strengthening the country’s competitiveness and its finance industry.

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The positives and negatives of Swiss interest rates

2022-09-24

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2022-09-24

By normal standards, interest rates of 0.5% are considered low. But Switzerland has just emerged from a long period of negative interest after the Swiss National Bank (SNB) raised rates from -0.25% to +0.5%.

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Work to begin on Swiss backup power plant

2022-09-23

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2022-09-23

The Swiss government has given the green light to begin the construction of a temporary reserve power plant due to be operational from February next year.

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Wealthy echelons thrive amid economic volatility

2022-09-22

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2022-09-22

The world’s richest people saw their wealth expand last year as stock markets and real estate gained in value, according to Swiss bank Credit Suisse.

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Energy worries likely to slow Swiss growth, say experts

2022-09-21

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2022-09-21

Swiss economic growth forecasts for 2022 and 2023 have been revised significantly downwards, amid uncertainty over energy supply and inflation.

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