Category Archive: 3) Swiss Markets and News
Thomas Jordan, Präsident Schweizerische Nationalbank
SNB-Präsident Thomas Jordan betont im Interview mit cash, dass die Zentralbank unbeirrbar an ihrem Kurs festhalten will. Doch das nächste Jahr könnte zur Nagelprobe werden für die Währungshüter.
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Investec Business Cash Solutions
Investec’s Business Cash Solutions, specialises in managing surplus cash for SME’s, maximising returns through a range of flexible cash deposit products. We like to work with our clients to understand their business’s unique cash flow requirement and then customise a solution to ensure that both the appropriate access to funds are available, as well as …
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Darwin Airline announces bankruptcy to staff
Swiss regional carrier Darwin Airline has been forced to concede bankruptcy after a period of serious financial problems. Its plight will cause further headaches for the airport of Lugano in southern Switzerland, where it is based. A fortnight after seeing its fleet grounded by the Federal Office of Civil Aviation, the company informed its 250 staff on Tuesday that bankruptcy was imminent.
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49 Countries Have Violated Sanctions On North Korea
A new report from the Institute for Science and International Security has found that 49 countries violated sanctions on North Korea to varying degrees between March 2014 and September 2017. 13 governments including Cuba, Egypt, Iran and Syria were involved in military violations, which as Statista's Martin Armstrong notes, includes either receiving military training from North Korea or being involved in the import and export of military equipment.
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European commercial property market rallying
While Europe is bouncing back, Brexit is casting a shadow on the UK’s commercial property market, says Investec UK’s CIO. In an interview at the recent #InvestecWealth Forum in Johannesburg, Chris Hills, Chief Investment Officer, Investec Wealth & Investment UK, said that the European commercial property market is recovering thanks to stimulus from the European …
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Leading growth investor reveals his favourite emerging markets.
Sunil Thakor, MD, Sands Capital, on why China and India are ripe for investment. Talking at the recent #InvestecWealth Forum, Thakor gave examples of the unexpected industries he has found fantastic growth opportunities in. India rising “One of our favourite parts of the world is India,” says Thakor. The country’s attractive young demographic profile and …
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Why the Chairman of Investec’s Global Investment Strategy Group is a China bull
Despite a general dim view of China’s growth, the Chairman of Investec’s Global Investment Strategy Group believes that the Chinese economic miracle is far from over. In an interview at the recent #InvestecWealth Forum, John Haynes, Chairman of the Global Investment Strategy group, Investec Wealth & Investment, UK, said “I would only worry about the …
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Why the best time to buy resources is when people don’t like them
Gold and uranium are favourite commodities of 2016’s Top Performing Global Equity Manager. Unfashionable resources, in particular gold and uranium, are favourite commodities of Dave Iben, Chief Investment Officer of Kopernik Global Investors USA. At the recent #InvestecWealth Forum, Iben, one of 18 exceptional fund managers in Investec’s World Axis Fund, spoke about why “commodities …
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The top three risks on the global investment horizon in 2018
Transition risk, rising inflation and populism top the agenda of Investec’s Global Investment Strategy Group. The Global Investment Strategy Group brings together the finest investment minds at Investec Wealth & Investment across the different geographies, to set the overarching positioning and investment strategy for the investment portfolios of clients. In this video interview at the …
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EU tax grey list splits Federal Council
It’s “hardly a tragedy” that the European Union has placed Switzerland on a grey list of non-cooperative jurisdictions for tax purposes, says Finance Minister Ueli Maurer. Economics Minister Johann Schneider-Ammann, on the other hand, says he is “irritated” by the move.
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Large email hack reported – Swiss agency tool lets you check if your account was compromised
It’s the question lurking in many people’s minds, especially during the frenzy of online Christmas shopping: has my email account been hacked? MELANI has got your back – up to a point. The Reporting and Analysis Centre for Information Assurance (MELANI), is part of the Swiss Federal Intelligence Service.
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General Electric to cut 1,400 Swiss jobs
General Electric (GE) has announced plans to cut around a third of its workforce based in northern Switzerland as the American multinational responds to a sharp fall in demand for fossil fuel power equipment. GE aims to cut up to 1,400 jobs over the next two years at its GE Power unit in the northern Swiss canton of Aargau, where it employs 4,200 people unit focusing on gas and steam turbine production, but said no locations would close. The unit...
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Switzerland’s “harmful tax regime” gets it on EU grey list
This week EU Finance ministers came out with a list of countries it thinks don’t measure up to its definition of good tax behaviour. There are two categories: blacklist and so-called “grey list”. Black is bad and grey is heading toward good, but not yet there. Switzerland is on the “grey list”.
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Airbnb charges some customers more than others, particularly the Swiss
Many Swiss residents travel to neighbouring eurozone countries for their holidays. These countries are close and Swiss francs go far there. However, to get the most out of a strong currency you need a good exchange rate. If a Swiss resident presenting euro cash at a checkout in Germany or France was told they couldn’t pay in euros because they live in Switzerland – “I’m sorry sir but you live in Switzerland, you must pay in Swiss francs at our...
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YouTubers come in all shapes and sizes
Tama Vakeesan was born in Switzerland to Tamil parents from Sri Lanka. This week, she attends the Zug film festival, “Zuger Filmtage”, to accept an award for her Vlog. The festival provides a competition platform for YouTubers of all ages who have something fresh to offer. Tama meets some of the competitors. (SRF Kulturplatz/swissinfo.ch) — swissinfo.ch is …
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“Gnomes Of Zurich” In Panic As Saudi Corruption Crackdown Sparks Flood Of Money Laundering Inquiries
There are two divergent views on the crackdown on corruption by Saudi Arabia’s crown prince, Mohammed bin Salman (MBS), which led to the arrest and detention of 200 princes, ministers and former ministers. On one hand, it was a masterstroke which will earn political capital with the Saudi people and catalyse an Arab Spring in which MBS is a modernizing reformer who will liberalise Islam.
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Börsen-Talk vom 8. Dezember 2017
Die Börsenhausse wird 2018 mit etwas verhaltenerem Wachstum weiter gehen, sagt Marc Brütsch im Börsen-Talk. In jedem Fall aber erwartet der Chefökonom der Swiss Life ein stärkeres Wachstum der Schweizer Wirtschaft.
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Making fun of migration stereotypes
Tama Vakeesan was born in Switzerland to Tamil parents from Sri Lanka. This week she interviews Arman and Sascha from Austria, who have made a feature film (“Die Migrantigen”), poking fun at migration stereotypes. Omar, a former criminal, and his friends live in the fictional town of Rudolfsgrund. They all eat kebabs and they’re all broke, …
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Where there’s a will, there’s a way
Tama Vakeesan was born in Switzerland to Tamil parents from Sri Lanka. This week she talks to Ola, who’s 20, and fled the war in Aleppo, Syria, with her family a year ago. Since then, Ola has not only learnt German by taking free classes and practicing with friends, she has also set up and run … Continue reading »
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SWISS expands Zurich flights, fears airport restrictions
Switzerland’s national airline has enjoyed a profitable year and expects continued success, but its chief executive says restrictions at Zurich Airport are making it difficult to meet passenger demand. Thomas Klühr, the head of the Lufthansa-Group-owned Swiss National Airlines SWISS, told the NZZ am Sonntag newspaper that developments such as the bankruptcy of German carrier Air Berlin have led to increased demand for certain European routes.
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