Category Archive: 3) Swiss Markets and News

Main Author Investec
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.

Alessandro Della Chà, CEO Cosmo Pharmaceuticals

Nach einem erwarteten Jahresverlust für 2017 kündigt Cosmo Pharmaceuticals für das laufende Geschäftsjahr wieder Minuszahlen an. CEO Alessandro Della Chà gibt im cash-Video-Interview Stellung.

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People in wheelchairs can drink and drive!

“True Talk” puts people in front of the camera who are fighting prejudice or discrimination. They answer questions that nobody would normally dare to ask directly. — swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective on international events. For …

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Imports curdle mood of Swiss cheese producers

Switzerland may be living up to its cliché as a cheese loving nation, but a growing appetite for foreign brands has alarmed local farmers. On average the Swiss consumed 21 kilograms of cheese per person last year, compared to 18 kilograms across Europe, according to figures published by the Swiss Farmers’ Associationexternal link on Wednesday.

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Swiss authorities say Uber drivers should be treated as ‘employees’

For the first time, the Swiss State Secretariat for Economic Affairs (SECO) has clearly indicated that Uber taxi drivers should be classed as employees rather than self-employed. In an internal statement seen by the 10vor10 programme on Swiss public television, SECO gave the legal opinion that according to the conditions that bind drivers to Uber, they should be regarded as employees rather than independent contractors.

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Freight losses fail to dampen state railway profits

The Swiss Federal Railway’s net profit increased by CHF18 million ($19 million) to CHF399 million ($418 million) last year despite posting a loss in its troubled freight division. The company confirmed a previous decision to cut 800 freight jobs but plans to reduce certain prices for its increasing number of customers, it announced in its annual report on Tuesday.

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Salt set to enter the landline telecoms market

Mobile telephone operator Salt has announced that it will begin offering landline services in Switzerland, in a move set to intensify competition amongst current providers. Salt, which is already an established player in the mobile market, announced on Tuesdayexternal link that it would be proposing “a complete range of telecommunication services in Switzerland, including a ‘triple play’ offer based on high-speed broadband technology”.

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US trade disputes indirectly threaten Swiss economy

Ongoing global trade disputes involving the United States are casting a potential shadow over Swiss economic growth, along with other international events, such as the Italian elections and Brexit. However, the Swiss economy is forecast to expand 2.4% this year and 2% in 2019.

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Raising Switzerland’s retirement age – like death and taxes

Last week, State Councillor Peter Hegglin (PDC/CVP) withdrew his motion demanding Switzerland’s retirement age automatically rise with life expectancy. He argues that Switzerland urgently needs to find a way to ensure the financial health of its pension system and raising the retirement age is the main way to do this.

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Börsen-Takl vom 23. März 2018

Fondsmanagerin Meret Gaugler von Lombard Odier setzt im SMI auf zwei Aktien, auf die Anleger nicht speziell stehen. Sie sagt im cash-Börsen-Talk auch, welche Aktien beim Abklingen des Wirtschaftszyklus top sein werden.

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Jean-Claude Biver, LVMH

Jean-Claude Biver über die akutellen Herausforderungen der Uhrenbranche.

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Geneva’s mega apartment project now underway – 1,000 apartments and 2,500 jobs

Last week, work started on a project to construct 1,000 apartments in Geneva. The project known as the Quartier de l’Etang will unfold over an 11 hectare site in Vernier, not far from Geneva airport. The video above shows the commencement ceremony and a computer animation of the completed project.

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Budget Speech 2018 and investing offshore – insights from Investec

Investec’s panel of experts discuss whether or not there’ll be a big outflow to offshore investments now that prudential limits have been increased. Ronelle Hutchinson, Investec Wealth & Investment portfolio manager, believes that moving the prudential investment guidelines from 25% to 30% is a positive developments as it’s the optimal asset allocation that a South …

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Budget Speech 2018 and ratings agencies – insights from Investec

Has the Finance Minister done enough to avoid a downgrade? “I think the budget may, on balance, just be enough to avoid a Moody’s credit rating downgrade to sub-investment grade in this quarter,” says Annabel Bishop, Investec chief economist. She says if you see continued substantial borrowings AND you’re borrowing to pay off your debt …

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Budget Speech 2018 and bailouts for State-Owned Entities – insights from Investec

Investec’s panel of experts discuss the current certainties and uncertainties in the market. An assumption in the Budget is that they won’t need to fund any further bailouts for SOE’s but I’m not certain that’s achievable in the shorter-term,” says David Gracey, head of currency and derivatives trading at Investec Corporate and Institutional Banking. “That’s …

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Investec insights: Budget Speech 2018 – is this budget sustainable?

Investec’s panel of experts discuss the momentum leading into and coming out of the #Budget2018. “Unfortunately because of what’s happened over past 10 years, this budget looks backwards, not forwards; it’s trying to fix the ills of the past,” says David Gracey, , head of currency and derivatives trading at Investec Corporate and Institutional Banking. …

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Fredy Hasenmaile, CS-Immobilien-Experte

März 2019 – dann sollen laut Credit Suisse die Zinsen in der Schweiz wieder steigen. CS-Immobilien-Experte Fredy Hasenmaile sagt im cash-Video-Interview, welche Gefahren dem Schweizer Immobilienmarkt erwachsen könnten.

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Switzerland’s parliament rejects plan to cut health insurance discounts

Switzerland has a system of compulsory health insurance. Residents must choose an insurer and pay. Those who don’t are automatically signed up and sent a bill. Other than shopping around, choosing a policy with an excess, a sum that must be covered out of your own pocket before the insurance kicks in, is one of the few ways to reduce your premium.

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Swiss accounts blocked over suspected Nigerian oil bribery case

The Office of the Attorney General of Switzerland (OAG) has blocked various bank accounts in Switzerland regarding an alleged oil bribery scheme linked to Nigeria. Executives from oil giants Shell and Eni are due to stand trial in Milan, Italy, in May.

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Peter Wuffli, Präsident Partners Group

Die erfolgreiche Partners Group dürfe nicht überheblich werden, sagt Präsident Peter Wuffli. Im Interview sagt er auch, warum Private Equity weiter wachsen wird und wieso Familienunternehmen eine gute Investition sind.

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Rolex ‘most reputable global brand’ for third straight year

Swiss watch brand Rolex has topped a ranking of the world’s most reputable brands for a third year in a row. Rolex beat Danish toy firm Lego for the top spot, while Swiss food manufacturer Nestlé jumped 21 places to rank 33rd. The Reputation Institute compiled the list in its annual Global RepTrack 100external link, after asking more than 230,000 people in 15 countries to rank some of the world’s biggest companies based on criteria such as ethical...

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