Category Archive: 3) Swiss Markets and News

Main Author 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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Swiss hotel bookings on a high note

2018-02-26

by Swissinfo

2018-02-26

After several difficult years, the Swiss hotel industry is recovering. There were 37.4 million overnight stays in 2017 – 5.2% more than in the previous year and nearly as many as the record years of 1990 and 2008. The increase came from locals as well as foreigners. Total domestic demand increased by 4.2% to 16.9 million overnight stays – the highest number of Swiss-based guests ever, the Federal Statistical Office reported on Thursday.

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Investec Startup School

2018-02-26

by Investec

“The Startup school doesn’t sell a rags to riches story that no-one can replicate. I had a vision with no direction. Startup School gave me direction from week one,” says entreprenur Aadil. Find out how he turned a startup that he “stumbled into by mistake” into a thriving business. Find out more here: http://bit.ly/2CIAhU3.

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Swiss government wants old banknotes to be valid indefinitely

2018-02-25

by Swissinfo

2018-02-25

The deadline of 20 years to exchange recalled banknotes should be abolished, the Federal Council suggested on Wednesday. The current system, which was introduced in 1921, operates under the assumption that discontinued notes which are not returned to the bank within the exchange deadline have either been lost or damaged.

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Geneva to Zurich for half the price of a Swiss train

2018-02-25

by Investec

2018-02-25

Switzerland’s transport authority (OFT) recently gave Domo Swiss Express SA, a Zurich-based bus company, a green light to run three routes across Switzerland. The first will run from Zurich to Lugano, via Basel and Luzern, the second from St. Gallen to Geneva airport, via Zurich and Bienne, and the third from Chur to Sion, via Zurich and Bern. Services are expected to run twice daily.

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2017 sees big boom in internet shopping

2018-02-24

by Swissinfo

2018-02-24

Swiss consumers are increasingly turning to the internet for shopping. Online sales were up by 10% in 2017, with a 23% increase in online purchases from abroad. The total sales generated from online shopping in 2017 was CHF8.6 billion ($9.2 billion) last year, with CHF1.6 billion going to companies abroad, The Association of Swiss Mail Order Companies (VSV)external link, the market research company GfK and Swiss Post revealed on Tuesday.

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Switzerland’s Gotthard Base Tunnel wins European Railway Award

2018-02-24

by Swissinfo

2018-02-24

The 2018 European Railway Award has been awarded to two pioneers of the Gotthard Base Tunnel, the longest rail tunnel in the world that runs under the Gotthard massif in the Swiss Alps. Peter Jedelhauser of Swiss Railways and Renzo Simoni, former CEO of AlpTransit Gotthard AG, received the award on Tuesday evening in Brussels “on behalf of everyone involved in building and putting Gotthard Base Tunnel into operation”.

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cash Börsen-Talk vcom 23. Februar 2018

2018-02-23

by Cash

Für Aktienanleger wird das Umfeld ungemütlicher, ist Harald Preissler überzeugt. Im Börsen-Talk sagt der Investment-Experte, weshalb er mit erneuten scharfen Korrekturen rechnet und wie sich Börsianer verhalten sollten.

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cash Börsen-Talk vcom 23. Februar 2018

2018-02-23

by Cash

US supermarket giant Walmart now selling Swiss-made chocolate

2018-02-23

by Swissinfo

2018-02-23

Swiss retailer Coop is producing bars for Walmart’s own-brand chocolate, the SonntagsZeitung reported on Sunday. The chocolate is produced in a newly established production centre near Basel and has been available in Walmart stores since last year, confirmed Reto Conrad, head of production at Coop, to the German-language newspaper.

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Swiss Post Bus company invested heavily in France and lost millions

2018-02-23

by Swissinfo

2018-02-23

The Post has been operating its French subsidiary, CarPostal France at a huge financial loss, reported Swiss public television, SRF, on Monday. The company is also accused of having used a price dumping policy to unfairly increase its market share in France. According to an investigative report by SRF’s economics news bulletin “Eco”, CarPostal accumulated an operating loss of €1.8 million (CHF2.1 million) over the period between 2007 and 2016. The...

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Martin Nydegger, Direktor Schweiz Tourismus

2018-02-22

by Cash

2017 ist gemäss Martin Nydegger der Turnaround im Tourismussektor eingetreten. Im Video-Interview sagt der Direktor von Schweiz Tourismus, wie die Krise bewältigt werden konnte.

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Martin Nydegger, Direktor Schweiz Tourismus

2018-02-22

by Cash

2017 ist gemäss Martin Nydegger der Turnaround im Tourismussektor eingetreten. Im Video-Interview sagt der Direktor von Schweiz Tourismus, wie die Krise bewältigt werden konnte.

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Swiss News Agency calls for help in job cuts conflict

2018-02-22

by Swissinfo

2018-02-22

After three weeks of talks, management and staff at the Swiss News Agency (SDA-ATS) have not managed to reach an agreement on job cuts, and are now calling for the State Secretariat for Economic Affairs (SECO) to mediate. Both sides agreed to the call. Their negotiations followed a strike in late January-early February over a plan to cut up to 40 jobs out of a total 180.

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Coop boycotts 150 Nestlé products over price disagreement

2018-02-22

by Investec

2018-02-22

According to Swiss broadcaster RTS, Swiss retailer Coop, along with five other members of AgeCore SA, a Geneva-based purchasing alliance, have decided to boycott a large number of Nestlé products in the hope of striking a better deal on price. Sales to AgeCore SA members, which include Coop in Switzerland, Intermarché in France, Edeka in Germany, Conad in Italy, Colruyt in Belgium and Eroski in Spain, represents around 10% of Nestlé’s sales in...

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Investec’s insights into #Budget2018

2018-02-22

by Investec

Journalist and political commentator Justice Malala moderates a panel of Investec’s top commentators the day after #BudgetSpeech2018. Get more insights at www.investec.com/budget2018 The panel, starting at 14h00 on Thursday 22 February, will unpack how the budget will impact South Africa’s current economic landscape, investor and business confidence, and you as an individual. The panel consists …

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Swiss medical students follow their dream in Romania

2018-02-22

by Swissinfo

It’s notoriously difficult to gain university places in medicine and veterinary science in Switzerland, so a growing number of Swiss are going to Romania to study instead. (RTS/swissinfo.ch) — 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 …

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Vaud – vote on divisive dental tax and care plan

2018-02-21

by Le News

2018-02-21

On 4 March 2018, voters in Vaud will vote on a plan to provide basic universal dental care funded by a tax on salaries. The initiative entitled: Reimbursement of dental care, Pour le remboursement des soins dentaires in French, claims that 10% of the population avoid the dentist because of the cost. They also claim links between poor dental health and cancer, diabetes and premature births. Their plan envisages the creation of a network of...

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Swiss financial watchdog publishes ICO guidelines

2018-02-21

by Swissinfo

2018-02-21

The Swiss financial watchdog has published guidelines on digital currency fundraisers - known as initial coin offerings - under which it will regulate some ICOs, either under anti-money laundering laws or as securities. The Financial Market Supervisory Authority (FINMA) says the guidelines “also define the information FINMA requires to deal with such enquiries and the principles upon which it will base its responses,” according to a press...

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Number plate sale sets new record at auction

2018-02-20

by Swissinfo

2018-02-20

A number plate for the Swiss canton of Zug has sold anonymously at auction for CHF233,000 ($253,353), breaking the previous record of CHF161,000. For now, the buyer of the “ZG 10” plate remains unknown, as the item was sold on Wednesday at an anonymous online auction. Several other car and motorcycle plates were auctioned off at the event, the proceeds of which brought more than CHF500,000 to the treasury of the central Swiss canton.

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Switzerland tops latest financial secrecy index

2018-02-19

by Le News

2018-02-19

While Switzerland isn’t the most financially secretive nation in the Tax Justice Network’s recently published report, its combination of size and secrecy pushed it into first place, the worst rank in the Financial Secrecy Index 2018. Size is factored in because it measures the damage a nation’s financial secrecy has on the world, says The Tax Justice Network.

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