Category Archive: 3) Swiss Markets and News
Second class-action law suit lodged against Tezos
A second class-action lawsuit has been lodged in the United States against the founders of the tokenised blockchain project Tezos, and the Swiss-based foundation that houses hundreds of millions of dollars of investors’ money. The law firm Silver Miller Law presented its complaintexternal link in Florida this week, following a California lawsuit issued last monthexternal link.
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Finding investment opportunities in a turbulent world
Leading fund manager gives examples of how to position yourself on the right side of change. Watch full #InvestecWealth Forum video: http://invest.ec/2zyP9b2
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Swiss Watchmaker Optimistic about Business Prospects
The chief executive of the Swatch Group, a leading Swiss manufacturer of watches and jewelry, is upbeat about business prospects for the coming year. Nick Hayek says the Swatch Groupexternal link hopes to reach the ambitious target of a 7%-9% increase in sales this year.
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What do the Swiss spend their money on?
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
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
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
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
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
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
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
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
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
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
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
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
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
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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