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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Helvetia chairman resigns amid ongoing FINMA probe

2017-12-23

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2017-12-23

The chairman of the Swiss insurance company Helvetia, Pierin Vincenz, has resigned. The Swiss financial regulator, FINMA, is currently investigating his activities during his time in charge of the Raiffeisen bank. In a statementexternal link released on Monday, Helvetia said Vincenz had stepped down with immediate effect.

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Reindeer? No, postmen on skis!

2017-12-22

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The Swiss Post may soon be using drones to deliver Christmas packages in isolated areas, but 60 years ago, postmen used a good old analogue method: skis. Modern postmen have more to fear from aggressive dogs than sporting injuries. But last century, postmen in mountain areas of Switzerland risked breaking their necks to get the Christmas …

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Lawsuit seeks freezing of Tezos Foundation assets

2017-12-22

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2017-12-22

A fourth Tezos lawsuit filed in the United States has called on Californian courts to freeze an estimated $1 billion (CHF990 million) of investor assets sitting in a Swiss-based foundation. Law firm Block & Leviton argues that the recent departure of a Tezos Foundation director and the apparent replacement of the entity’s auditor gives weight to its demand for funds, derived from an initial public offering (ICO) in July, to be frozen.

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Swiss tourism – sharp rises and falls from some countries over the summer

2017-12-22

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2017-12-22

Selfie
The number of visitors to Switzerland rose 6% this summer, but this headline figure hides some steep rises and falls. From May to October 2017, 11 million people holidayed in Switzerland, 644,000 more than the over same period in 2016.

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Jura farmers turn their hand to spirulina production

2017-12-21

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A Swiss family business has branched out into the cultivation of spirulina, an aquatic microalgae that has become a much sought-after food supplement. (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. For more articles, interviews and …

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Switzerland should not act alone against tax havens

2017-12-21

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2017-12-21

Switzerland must not go to war on its own against offshore tax havens in the wake of the Panama Papers scandal, the lower chamber of parliament has agreed. It prefers concerted action with other countries and wants to see the results of existing measures. The House of Representatives on Thursday rejected two motions and two parliamentary questions, supported by the leftwing Social Democrats and Greens, which had called for financial transactions...

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Viva l’Italia!

2017-12-21

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Tama Vakeesan was born in Switzerland to Tamil parents from Sri Lanka. This week Tama talks to her Italian friends about what it’s like for them living in Zurich, and Italian cultural taboos. For instance, you should never cut your spaghetti or drink a cappuccino in the afternoon! (SRF Kulturplatz/swissinfo.ch) — swissinfo.ch is the international branch …

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Christoph Schenk, Zürcher Kantonalbank

2017-12-20

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Christophn Schenk über die Zinsentwicklung in der Schweiz.

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China tops export destination ranking for Swiss SMEs

2017-12-20

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2017-12-20

A study commissioned by Switzerland Global Enterprise (SGE) indicates that China is the most attractive export destination for Swiss small and medium enterprises (SMEs). A total of 107 countries were evaluated using a set of 15 criteria that included market size, market potential, export volume and average market growth in recent years.

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Private Equity Pulse Insight

2017-12-20

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The 3 reasons why 40% of M&A deals fail and whether this will rise and fall. For more info: http://bit.ly/2z40Xgp

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Switzerland Is Well-Prepared For Civilizational Collapse

2017-12-19

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2017-12-19

Swiss1
More than any other country, Switzerland’s ethos is centered around preparing for civilizational collapse. All around Switzerland, for example, one can find thousands of water fountains fed by natural springs. Zurich is famous for its 1200 fountains, some of them quite beautiful and ornate, but it’s the multiple small, simple fountains in every Swiss village that really tell the story. Elegant, yes, but if and when central water systems are...

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Ansgar Gmür, Direktor Hauseigentümerverband Schweiz

2017-12-19

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Ansgar Gmür sagt im Interview mit cash, wie es um den Immobilienmarkt Schweiz steht.

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UBS chairman warns of ‘bitcoin bubble’

2017-12-18

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2017-12-18

Axel Weber, the board chairman of big bank UBS, has warned of a possible Bitcoin currency crash. With increasing numbers of small investors jumping on the cryptocurrency bandwagon, it is time for regulators to intervene, he says. Bitcoin has surged from $1,000 (CHF9,900) at the start of the year to above $16,000.

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Poverty risk high for Swiss pensioners despite high spending

2017-12-17

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2017-12-17

Wallet
A recent OECD study, which looks at retirement, shows the relatively large amount spent on pensioners in Switzerland. Switzerland consumes 11% of its GDP on retirees, compared to 9% across OECD nations. Despite this high spending, the risk of poverty is higher in Switzerland than across the OECD. According to the organisation, 19% of those over 64 in Switzerland are at risk of poverty, compared to an OECD average of 13%.

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Swiss train rides: punctual and beautiful

2017-12-16

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Trains, train, trains: Diccon Bewes packs his bag and heads off for a day out on Swiss public transport. Along the way he manages to hop on board almost every type of moving vehicle that Switzerland has to offer. It turns out it’s not the beautiful views that take his breath away, but the intricate train … Continue reading...

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Uber to stop offering budget service in Basel

2017-12-16

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2017-12-16

The ride-sharing firm Uber has announced it will abandon its UberPop service in the city of Basel from June 1, 2018, as it is not profitable enough. UberPop has already been discontinued in Zurich and Lausanne. According to the company, the decision was taken due to feedback from its partners, who wanted to earn more money through the more expensive UberX service. Economic success was not possible through its cheapest service UberPop, the company...

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Swiss food imports are growing faster than the population

2017-12-15

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2017-12-15

A government study shows that imports of food products have grown by 80% — three times faster than the Swiss population — between 1990 and 2016. In that time, the quantity of imported food consumed per inhabitant went from 344 kilograms to 490 kg.

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When the going gets tough, get out of bed!

2017-12-15

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(To view video subtitles in English, click on the cc icon to turn captions on). Tama Vakeesan was born in Switzerland to Tamil parents from Sri Lanka. In this week’s vlog, she tells us how to stay motivated. She says, “When the going gets tough, don’t take a nap. Get out there and pursue your … Continue reading...

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How to reduce antibiotics in livestock

2017-12-15

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Antibiotics in meat are an increasing health hazard to people. Some farmers are treating their livestock using homeopathy or phytotherapy as an alternative to antibiotics or other drugs. (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 …

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The economic implications of the South African political landscape

2017-12-15

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Political commentator Justice Malala talks to John Haynes and Paul McKeaveney about the potential impact on the economy post the ANC elective conference. The panel believes that if the outcome of the ANC elective conference is viewed positively by the market, South Africa’s economic recovery will be swift. Justice Malala comments that if the result …

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