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.

GB Hockey: new squad, same hunger.

Team GB’s gold medal-winning women’s hockey team changed their sport. But the pursuit of more success drove them to renew the squad. Maintaining that hunger is key to winning in the future. #TogetherAsOne https://invest.ec/2Lv3qHG

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Fintech lending platform Loanboox eyes French expansion

Award-winning Swiss fintech firm Loanboox is planning further expansion into Europe having obtained a foothold in Germany. The digital portal for matching institutions with investors plans a move into France and is also looking at other European markets.

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What won’t change In your business?

By focusing on client value, you can align with trends and technology to deliver that value, says digital guru David Duarte at #BusinessMatters In a world of exponentially growing technology, it’s hard to know where to start your company’s digital transformation journey. Speaking at a recent Investec Cash Investment’s #BusinessMatters event in Johannesburg, David Duarte, …

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Swiss gold refiners accused of sourcing illegal and conflict gold

A report by the NGO Society for Threatened Peoples (STP) has accused Swiss gold refiner Metalor of procuring gold from controversial suppliers in Peru. Metalor denies the charge. The reportexternal link, released on Thursday to time with the opening of the Baselworld Watch and Jewellery Fair, says that in all likelihood, Metalor continues to procure illegally mined and sold Peruvian gold, which is linked to tax evasion and environmental destruction.

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Swiss camera set to capture life on Mars

In 2021, a European rover is set to roll over the surface of Mars in the search for traces of life. At its heart is a Swiss camera, currently being tested in (almost) Martian conditions. — swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and …

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Swiss government set to remove ‘mariage tax penalty’

In Switzerland, married couples file one combined tax return. Because tax rates rise in line with income it means that second incomes of married couples are taxed at a higher rate than those of single cohabitating ones. Those campaigning to have this changed argue that it is unfair and acts as a disincentive for second income earners.

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How to make friends with a Swiss person

Misinformed stereotype or stark reality? Whichever way round it is, how to make friends with the Swiss is a topic for most expats at some point during their time here. This animated guide lays out some ground rules for forming friendships with the Swiss – all with a heavy dose of humour. (SRF, swissinfo.ch) — …

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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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