Category Archive: 3) Swiss Markets and News

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Investec
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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Six trends shaping cities of the future

2019-06-20

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With commercial and industrial office buildings consuming nearly 30% of the world’s energy, smart building innovation is essential in the fight against climate change. Investec recently took some of South Africa’s top entrepreneurs in the property and construction sectors to Berlin as part of its Global Young Entrepreneurs Programme. Here we share some the top …

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General Electric to slash 450 more Swiss jobs

2019-06-20

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2019-06-20

United States engineering giant General Electric has revealed it will cut a further 450 jobs at two of its Swiss sites. Since 2016, the company has already shed some 2,000 workers. The company, which generated profits of $954 million (CHF952 million) last year, blamed the latest cuts on “financially challenging conditions”. But its GE Power division reported an operating loss of nearly $1 billion globally.

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Rising above the noise

2019-06-19

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At an Investec In Conversation event titled ‘Rising above the noise’, a panel consisting of Lesetja Kganyago (Sarb governor), Chris Holdsworth (Investec investment strategist) and Ferial Haffajee (political journalist), debated the various political and economic scenarios, both locally and globally, likely to affect the South African economy, separating the reality from the rhetoric. Watch full …

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Swiss health insurance deductibles to remain changeable annually

2019-06-19

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2019-06-19

One idea for containing rising healthcare costs was to remove the possibility of changing health insurance deductibles every year, making it possible only every three years. If people are able to switch from high to low deductibles annually then they can save money by opting for a high deductible one year, while postponing visits to the doctor until the following year when they opt for a low one.

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Swiss gold refinery turns back on artisanal miners

2019-06-19

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2019-06-19

Swiss gold refinery Metalor Technologies has announced it will no longer deal with artisanal mining operations. The company cites the increasing cost of ensuring that gold is being produced by small mines in compliance with human rights and environmental standards. Metalor has come under repeated fire for doing business with gold mines in South America that care neither for their workers or surrounding habitat.

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Winners Run A Different Race | Investec Derby 2019

2019-06-18

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How do you face the unknown and find a way to succeed? Clare Balding talks about the steps winners take to write history at the Investec Derby. https://invest.ec/2RiLzY0

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Raiffeisen bank announces CHF1 million executive pay cap

2019-06-18

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2019-06-18

Switzerland’s third largest bank will limit the annual remuneration of top management to CHF1 million (around $1million) from July 1. The announcement was made at the bank’s general meeting on Saturday in Crans-Montana. CEO Heinz Huber’s compensation has already been adjusted when he took up his duties in January.

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Swiss healthcare costs expected to rise well above inflation

2019-06-17

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2019-06-17

The cost of health insurance in Switzerland is expected to rise 3% both this year and next, warns the umbrella group for health insurers, Santésuisse. This is way above the forecast rise in consumer goods prices of 0.9% for 2019.

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Swiss restaurant ranked best in the world

2019-06-16

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2019-06-16

A ranking by Elite Traveler placed the restaurant Hôtel de Ville de Crissier first in a list of the world’s 100 best restaurants, eight places higher than last year. The ranking is based on the votes of readers of the magazine, which is distributed to private jet companies around the world.

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Saab withdraws from Swiss fighter jet test flights

2019-06-15

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2019-06-15

Saab’s Gripen E fighter jet will not participate in tests this month in Switzerland, the Swedish company said on Thursday. This follows a recommendation by the Swiss defence procurement agency (armasuisse). “The Gripen E development plan does not match the Swiss plan to perform flight tests with aircraft that are operationally ready in 2019,” Saab said in a statement.

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Thomas Jordan, Präsident der SNB

2019-06-13

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Thomas Jordan, Präsident der Schweizerischen Nationalbank, nimmt im Interview mit cash Stellung zur zunehmenden Kritik an den Negativzinsen in der Schweiz.

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Thomas Jordan, Präsident der SNB

2019-06-13

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Thomas Jordan, Präsident der Schweizerischen Nationalbank, nimmt im Interview mit cash Stellung zur zunehmenden Kritik an den Negativzinsen in der Schweiz.

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Swiss government predicts moderate economic growth in 2019

2019-06-13

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2019-06-13

The State Secretariat for Economic Affairs (SECO) is expecting the Swiss economy to grow by +1.2% in 2019, it said on Thursday. It revised its economic forecast upwards slightly from +1.1% in March, following 0.6% growth in the first quarter thanks to vigorous domestic demand.

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Switzerland has best winter for 11 years

2019-06-12

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2019-06-12

The Swiss Hotel Association recorded a 0.7% increase in overnight stays during the 2018/2019 winter season. From November to April, 16.7 million overnight stays were recorded in Switzerland, 8.8 million by foreign visitors and 7.9 million by Swiss travelers.

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Gender equality in the art world

2019-06-11

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125 museums, hundred of exhibitions, pages of data. We wanted to know what percentage of exhibited artworks in Swiss museums was created by women artists. The results of our exclusive research show that female artists struggle for visibility even today, thirty years after the first call for action launched by the Guerrilla Girls in front …

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Mmane Boikanyo | My story is real

2019-06-10

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Mmane Boikanyo talks resilience in the face of difficulties, how excelling at Maths led to a life-changing bursary, and the makings of a leader. Find out more: https://invest.ec/2KGFCDc

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Swiss government decides not to act on roaming charges

2019-06-08

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2019-06-08

The National Council, Switzerland’s parliament, rejected a motion to force Swiss mobile phone operators to remove EU roaming charges. 99 voted against, 78 for and 14 abstained, according to the newspaper 20 Minutes. In 2017, the European Union (EU) forced EU operators to stop charging their customers extra for calls made outside their home country but within the EU.

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Börsen-Talk vom 7. Juni 2019

2019-06-07

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Spätestens im Herbst steht laut Thomas Stucki der Franken wieder massiv unter Druck. Im Börsen-Talk sagt der Anlagechef der St. Galler Kantonalbank, wieso die Negativzinsen wohl auch dann nicht ausgeweitet werden.

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Börsen-Talk vom 7. Juni 2019

2019-06-07

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Spätestens im Herbst steht laut Thomas Stucki der Franken wieder massiv unter Druck. Im Börsen-Talk sagt der Anlagechef der St. Galler Kantonalbank, wieso die Negativzinsen wohl auch dann nicht ausgeweitet werden.

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Swiss regulator fines banks over improper forex trading

2019-06-07

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2019-06-07

The Swiss Competition Commission (COMCO) has fined five international banks for their involvement in the formation of cartels that manipulated the foreign exchange market. COMCO fined Barclays, Citigroup, JPMorgan, the Royal Bank of Scotland (RBS) and the MUFG Bank a total of CHF90 million ($90.6 million) for “anti-competitive arrangements between banks in foreign exchange spot trading”.

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