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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What do the Swiss spend their money on?

2017-11-22

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2017-11-22

The Swiss had an average net household disposable income in 2015 of CHF6,957 ($7,007) a month, the Federal Statistical Office has reported. Every month, around CHF560 was spent on leisure and cultural activities – and CHF89 on cats and dogs.

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Digitaltag 2017 I UBS Schweiz

2017-11-22

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Die Digitalisierung schenkt uns viele Vorteile. Fast alles ist heute von überall aus möglich. Einfacher, schneller und auch sicherer denn je – sofern Sie wenige Grundsätze befolgen. Der UBS Security Check hilft Ihnen, Ihre Sicherheit im Internet weiter zu erhöhen: https://www.ubs.com/microsites/security-check/de/

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UBS Security Check

2017-11-22

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Alles für Ihre digitale Sicherheit. Die Digitalisierung schenkt uns viele Vorteile. Fast alles ist heute von überall aus möglich. Einfacher, schneller und auch sicherer denn je – sofern Sie wenige Grundsätze befolgen. Dieser Security Check hilft Ihnen, Ihre Sicherheit im Internet weiter zu erhöhen. Mehr über UBS Security Check: https://ubs.com/securitycheck

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For The First Time Ever, The “1 percent” Own More Than Half The World’s Wealth: The Stunning Chart

2017-11-21

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2017-11-21

Today Credit Suisse released its latest annual global wealth report, which traditionally lays out what has become the single biggest reason for the recent "anti-establishment" revulsion: an unprecedented concentration of wealth among a handful of people, as shown in Swiss bank's infamous global wealth pyramid, an arrangement which as observed by the "shocking" political backlash of the past year, suggests that the lower 'levels' of the pyramid are...

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Oil Trader Slams “defamatory” NGO Teport

2017-11-21

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2017-11-21

Commodities trading company Vitol has taken legal action against “inaccurate and defamatory” allegations made by the Swiss NGO Public Eye in the wake of the Paradise Papers revelations. Public Eye issued a press release and report on November 10 accusing four Swiss-based commodities traders, including Vitol, of doing business “with dodgy individuals or politically exposed partners” and colluding with the Appleby law firm to conceal “business...

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James Sym, Fondsmanager Schroders

2017-11-21

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Fondsmanager James Sym macht derzeit einen Bogen um Schweizer Aktien – mit zwei Ausnahmen. Im Interview mit cash nennt er seine Lieblingsbank und stellt eine walisische «Apple-Aktie» vor.

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Stories making the Swiss Sunday papers

2017-11-20

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2017-11-20

Good news from the Swiss watchmaking industry, plans to ban under-18s from solariums because of health risks and a warning that the Swiss railway system could face chaos in December. The Swiss watchmaking industry has made a turnaround following a three-year dip. Nick Hayek, CEO of the Swatch Group, told the NZZ am Sonntag newspaper that his company recorded a massive increase in turnover over the past two months, resulting even in production...

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cash-Talk vom 10. November 2017

2017-11-20

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Schweizer Immobilien sind bei Investoren nach wie vor sehr beliebt. Experte Donato Scognamiglio sieht bei der Suche nach Rendite aber zusehends Risiken auftauchen, wie er im cash-Talk sagt.

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Swiss still richest, according to Credit Suisse

2017-11-19

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2017-11-19

1 Franc
The Credit Suisse 2017 Global Wealth Report, shows total global wealth rose 6.4% to USD 280 trillion in 2016, taking it to the its highest level since 2007, before the financial meltdown in 2008. Globally, average wealth per adult was USD 56,540. In Switzerland, the same figure was USD 537,600 (CHF 533,000), close to ten times the global average, placing Switzerland in the lead, if Iceland – with unreliable data – is ignored.

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Swiss Government stays mum on EU Negotiations Strategy

2017-11-19

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2017-11-19

The seven-member Federal Council has refused to reveal its position on future negotiations with the European Union over CHF1 billion (little over $1 billion) in voluntary ‘cohesion’ payments destined for central and eastern European countries.

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Swiss HSBC settles French tax fraud dispute

2017-11-18

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2017-11-18

With a payment of €300 million (CHF350 million), the Swiss subsidiary of British bank HSBC has settled its tax fraud dispute with the French authorities. Investigations by the French government revealed that many French taxpayers had hidden their assets with help from HSBC’s private bank.

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Manufacturing returning to Switzerland thanks to automation

2017-11-18

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Exactly how machines replacing human labour will affect the future job market remains unknown. But manufacturing making a comeback in Switzerland is one unexpected and welcome consequence. (SRF, 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 events. …

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Switzerland asked to aid Mauritian inquiry into Basel-based Dufry

2017-11-17

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2017-11-17

Switzerland’s federal prosecutor’s office is handling a request for mutual assistance in an investigation involving the Basel-based duty-free group Dufry. The request was sent by the government of Mauritius, which according to reports in two Swiss newspapers is looking into the details of an exclusive agreement reached between Dufry and two Mauritian airports.

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Swiss Top Global Wealth Ranking

2017-11-17

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2017-11-17

The average fortune of a Swiss adult is $537,600 (CHF528,000), according to the 2017 Credit Suisse Global Wealth Report. Switzerland continues to top the Credit Suisse global list for wealth per adult, followed by Australia ($402,600), the United States ($388,600) and New Zealand ($337,400).

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Tamil street food, all chopped up

2017-11-17

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Tama Vakeesan was born in Switzerland to Tamil parents from Sri Lanka. This week, she meets up with Thileeban, who talks about his difficult start to life here in Switzerland. These days, apart from selling Sri Lankan street food, he’s also involved in film production. (SRF Kulturplatz/swissinfo.ch) — swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). …

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Why Tama’s role models are all women

2017-11-17

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Tama Vakeesan was born in Switzerland to Tamil parents from Sri Lanka. Her role models are all female: singers, stand-up comedians,YouTubers and Disney characters. Here’s why she thinks they’re heroes. (SRF Kulturplatz/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 …

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The grassroots fight for biodiversity

2017-11-17

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The spread of non-native plant species is one of the greatest threats to Switzerland’s biodiversity. In a pilot project, the Canton of Zurich is coordinating the fight against the 20 most invasive plants over a wide stretch of Reppischtal. (SRF/swissinfo.ch) — swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to …

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Saudi Billionaires Scramble To Move Cash Offshore, Escape Asset Freeze

2017-11-16

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2017-11-16

Saudi Crackdown
Over the weekend, Saudi King Salman shocked the world by abruptly announcing the arrests of 11 senior princes and some 38 ministers, including Prince Al-Waleed bin Talal, the world’s sixty-first richest man and the largest shareholder in Citi, News Corp. and Twitter.

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Credit Suisse Fined $135 million for Malpractices

2017-11-15

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2017-11-15

Credit Suisse bank has been ordered to pay a fine of $135 million (CHF134.5 million) to the US authorities after an enquiry into the Swiss bank’s practices in setting foreign exchange rates. The figure was reached in a consultation between both parties.

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Swiss justice minister calls for commodities crackdown

2017-11-15

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2017-11-15

Following revelations in the so-called “Paradise Papers” of questionable deals done by Swiss-based commodities companies in Africa, Switzerland’s justice minister has said that the country – historically hands-off in regulating the sector – needs new legislation to force those companies to play by the rules.

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