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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UberPop drivers in Zurich operating outside the law

2017-06-18

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2017-06-18

UberPop drivers who do not hold an official professional taxi licence are operating illegally, according to the government in Zurich. They need to get a permit or risk facing punishment. Even if they readily meet the conditions set by Uber – having a four-door car, being at least 21 years old – not having a taxi licence means they are operating outside Swiss law, said the Zurich executive, responding to a parliamentary question.

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Parking clampdown in Zurich yields windfall

2017-06-18

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2017-06-18

Traffic police issued 21% more parking tickets in Zurich last year as the city dropped its ten-minute grace period for tardy motorists. The policy change was largely responsible for a CHF3.3 million ($3.4 million) penalty bonus that seems to have taken the authorities by surprise.

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Swiss remain top of world innovation ranking

2017-06-17

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2017-06-17

Switzerland is the leading nation for innovation for the seventh year in a row, according to the Geneva-based World Intellectual Property Organization (WIPO). The other countries in the top five for 2017 were Sweden, the Netherlands, the United States and Britain, the WIPO Global Innovation Indexexternal link said on Thursday. Switzerland has held the top spot since 2011.

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Property prices fall in Swiss resorts but climb elsewhere, says UBS report

2017-06-17

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2017-06-17

St. Moritz
A real estate report by the bank UBS, which looks at 25 top resorts in Switzerland, Austria, France and Italy, shows vacation home price drops across Switzerland. These price falls contrast with price rises in resorts in Austria, France and Italy.

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Swiss state pension fund stops investing in arms firms

2017-06-16

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2017-06-16

The leading Swiss state pension fund, Publica, has announced that it plans to disinvest from five weapons companies. This follows a national campaign by a responsible investment pension group to blacklist 15 international arms firms.

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Thomas Jordan, SNB-Präsident

2017-06-15

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Die Wahlen in Frankreich nahmen Druck vom Schweizer Franken. Im Interview mit cash sagt Präsident Thomas Jordan, welche künftigen Ereignisse er auf dem Radar hat und ob die SNB die Negativzinsen ausweiten könnte.

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Swiss holiday homes becoming cheaper to buy

2017-06-14

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2017-06-14

The cost of owning a holiday home in the Swiss Alps has declined appreciably in many towns and villages in the last five years. The biggest falls in property prices have been observed in the last 12 months, according to UBS bank researchers. Prices have dipped anywhere from 3% to 9 % year-on-year in some of the best-known Swiss tourist destinations, such as St Moritz and Verbier.

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Richard Olsen, Lykke

2017-06-13

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Der Schweizer Richard Olsen will mit seinem Startup Lykke einen globalen und bargeldlosen Marktplatz errichten. Im cash-Video-Interview erklärt er seine ehrgeizigen Pläne.

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Bombardier to downsize Swiss operations

2017-06-13

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2017-06-13

Canadian plane-maker Bombardier will cut about 650 jobs in Switzerland by the end of 2018, the largest Swiss trade union said on Thursday. The job cuts, which include almost 500 temporary postings, will come from Bombardier facilities in Villeneuve and Zurich, Unia announcedexternal link on its website. That would remove well more than half of the company’s employees in Switzerland.

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Mark Yusko: Tech Stocks Today Remind Me of the Dot-Com Bubble

2017-06-12

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Claim your SIC 2017 bundle here: http://www.mauldineconomics.com/go/v34ktq/MEC

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Mark Yusko: Tech Stocks Today Remind Me of the Dot-Com Bubble

2017-06-12

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Claim your SIC 2017 bundle here: http://www.mauldineconomics.com/go/v34ktq/MEC

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Experience Spectacular: The Investec Derby Festival 2017

2017-06-12

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The highlights from the 2017 Investec Derby Festival.

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Renewed debate over banking laws for expats

2017-06-12

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2017-06-12

New efforts are underway in parliament to ensure that the Swiss abroad can keep banking and other aspects of a financial life in Switzerland. Since the 2008 global financial crisis, an increasing number of Swiss citizens in other countries have been experiencing trouble keeping a bank account in Switzerland, especially if they reside in the United States.

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Biking still faces uphill battle in Switzerland

2017-06-11

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2017-06-11

As the bicycle celebrates its 200th year, advocacy group Pro Velo Switzerland says there is still a lot of unfulfilled potential when it comes to Switzerland’s use of the two-wheeled mode of transport.On June 12, 1817, a German aristocrat named Karl Drais rode 14 kilometres (8.7 miles) on pedal-less wooden beam with two wheels of his own invention.

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Switzerland signs up to corporate tax dodging remedy

2017-06-11

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2017-06-11

Switzerland has officially agreed to a raft of measures to combat the tax avoidance tricks of multinational companies. More than 100 countries have pledged to tackle the so-called base erosion and profit shifting (BEPS) shenanigans. Huge companies, such as Starbucks, Amazon and Fiat, have been publically taken to task by the European Union and the Organisation for Economic Cooperation and Development (OECD) over the way they distort their tax bills.

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Few tenants take advantage of rent controls

2017-06-10

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2017-06-10

Anyone who rents a home in Switzerland (more than 60% of households) could qualify for a rent reduction after the Federal Housing Office reduced the reference rate on June 1. However, not everyone bothers to ask, and not all those who do get a positive response from landlords.

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Swiss government moves a step closer to axing capital withdrawals from pensions

2017-06-09

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2017-06-09

Savings
Swiss pensions have three parts. The first is a standard payment based on the number of years you have paid social security taxes (AVS / AHV). The second (2nd pillar) is based on a personal pot of money built up from compulsory salary deductions. And the third is a personal pot derived from optional tax deductible savings, known as a 3rd pillar.

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World’s longest railway tunnel victim of own success

2017-06-09

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2017-06-09

Almost 10,000 passengers and around 67,000 tonnes of freight pass through the 57-kilometre-long Gotthard Base Tunnel each day. Opened a year ago on June 1, the Gotthard's success is putting the structure to the test.

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Negative Rates: The New Gold Rush… For Gold Vaults

2017-06-09

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2017-06-09

Negative interest rates and the populist uprising that spurred the UK to vote for Brexit and Americans to elect Trump has helped reignite a rush into physical safe haven assets like gold and silver, which however has led to a shortage of safe venues where to store the precious metals (unlike bitcoin, gold actually has a physical dimension).

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Börsen-Talk vom 9. Juni 2017

2017-06-08

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Wann steigen die Kurse an der Schweizer Börse wieder und bei welchen Titeln lohnt sich ein Einstieg? Research-Leiter Remo Rosenau gibt im Börsen-Talk Auskunft.

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