Category Archive: 3) Swiss Markets and News

Main Author Investec

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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UBS reports drop in wealth profit as Ermotti lowers costs

2016-10-30

by Investec

2016-10-30

UBS Group AG Chief Executive Officer Sergio Ermotti pledged to continue cost cuts after profit at the wealth-management business fell and the securities unit was hurt by a slump in equities trading. Pretax profit rose 11 percent to 877 million Swiss francs ($883 million) from 788 million francs a year earlier on lower expenses, the Zurich-based bank said in a statement Friday.

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Brexit brings specter of common EU tax plan, and bodes poorly for Switzerland’s immigration negotiation

2016-10-28

by Investec

2016-10-28

Ireland is facing another tax battle with the European Union and this time it will have to fight its own corner. Less than two months after the European Union ordered Ireland to claw back a record 13 billion euros ($14.2 billion) from Apple Inc., saying the nation illegally allowed the iPhone maker to reduce its tax rate, the European Commission will propose legislation for a Common Consolidated Corporate Tax Base on Tuesday.

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Pharma giants drag SMI stocks down

2016-10-28

by Investec

2016-10-28

A weak performance from Swiss pharma giants pulled the Swiss Market Index down again this week after investors dropped stocks in the sector on lackluster earnings reports. The peripheral European stocks and Japan managed to buck the trend this week, global stock markets remain under pressure in the run up to US election.

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Sergio Ermotti, CEO UBS

2016-10-28

by Cash

UBS-CEO Sergio Ermotti ist zufrieden mit dem Sommer-Geschäftsgang seiner Bank. Er sagt im Interview, wie das Kostensparprogramm vorankommt und wie es mit den Rückstellungen weitergeht.

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Börsen-Talk vom 28. Oktober 2016

2016-10-28

by Cash

Laut cash-Guru Alfred Herbert herrscht an den Börsen derzeit Ratlosigkeit und Vorsicht. Was er von den US-Wahlen erwartet und wie er die Aktien von ABB und Credit Suisse beurteilt, sagt er im Börsen-Talk.

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Syngenta slumps on concern of protracted ChemChina EU review

2016-10-27

by Investec

2016-10-27

Syngenta AG shares tumbled on concern that China National Chemical Corp.’s $43 billion takeover of the Swiss herbicide and pesticide maker risks regulatory delays in the European Union. ChemChina didn’t submit so-called remedies in the EU’s early-stage review of the deal by the Oct. 21 deadline, the European Commission’s press office said by phone on Monday.

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Weighing up the cost of childcare

2016-10-27

by Swissinfo

Switzerland is home to the world’s most expensive childcare costs and some parents are better off looking after the children themselves. To change this, the government is suggesting introducing special tax breaks. (SRF/swissinfo.ch) For many Swiss families childcare is a big financial burden. Three days a week in a non-subsidised crèche can easily cost CHF20,000 …

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Ulrich Spiesshofer, Konzernchef ABB

2016-10-27

by Cash

ABB-Chef Ulrich Spiesshofer muss ein ziemlich schlechtes drittes Quartal des Industriekonzerns verantworten. Im Interview sagt er, was den Auftragsbestand wieder in Schwung bringt.

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How to operate a nuclear reactor

2016-10-27

by Swissinfo

What is the point of training people how to operate a nuclear reactor in a power plant that is about to close down? Swiss Public Television goes to Mühleberg to find out. (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 …

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Viktor Nossek, Leiter Research Europa bei WisdomTree

2016-10-24

by Cash

Viktor Nossek über Investitionen in europäische Dividendenaktien.

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Markus Voegeli, CEO von Charles Vögele

2016-10-24

by Cash

CEO Markus Voegeli spricht im Interview mit cash über die Aufgabe der Marke Charles Vögele und die Details der Übernahme. Auch kommentiert er den drohenden Stellenabbau und die persönlichen Higlights während seiner Amtszeit.

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Roche revenue gains as sales of breast cancer drugs soar

2016-10-23

by Investec

2016-10-23

Roche Holding AG’s third-quarter revenue rose 4.5 percent as its trio of breast-cancer therapies offset stagnating sales of some of its older drugs. Sales climbed to 12.5 billion Swiss francs ($12.6 billion), the Basel, Switzerland-based company said in a statement on Thursday. That compared with the 12.6 billion-franc average estimate of nine analysts surveyed by Bloomberg. Roche doesn’t report third-quarter earnings.

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Nestle forecasts slowest sales growth in decade as pricing ebbs

2016-10-23

by Investec

2016-10-23

Nestle SA forecast the slowest full-year sales growth in more than a decade as food companies worldwide struggle against consumer resistance to price increases. Revenue will gain about 3.5 percent on an organic basis in 2016, the Vevey, Switzerland-based maker of Nespresso coffee said Thursday, abandoning a goal for an increase of about 4.2 percent. Growth in the consumer-goods industry is “relatively fragile,” Chief Financial Officer...

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The US and Russia Are Quietly Cooperating in the Middle East

2016-10-21

by John Mauldin

George Friedman writes the free weekly column “This Week in Geopolitics” for Mauldin Economics. Subscribe here: https://goo.gl/epvxkV Each week, you’ll receive an in-depth view of the forces driving events and investors in the next year, decade, or even a century from now.

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Swiss Markets Review: SMI underperforms global stocks

2016-10-21

by Investec

2016-10-21

The Swiss Market Index is set to finish the week largely unchanged while global stocks gain on positive US third quarter earnings results, favourable central bank statements and a rallying oil price. The S&P 500 saw its biggest advance since September on Wednesday after US banking giants Citigroup, JP Morgan, Morgan Stanley and Wells Fargo all posted better-than-expected quarterly results.

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Bashar al-Assad speaks to Swiss television

2016-10-20

by Swissinfo

In an interview with Swiss public television, SRF, aired on Wednesday, Syrian President Bashar al-Assad denied government forces bombed hospitals indiscriminately. — 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 videos …

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Investec Philip Shaw Interview

2016-10-20

by Investec

A former Wall Street Trader Explains Why He Is Net Short Now

2016-10-19

by John Mauldin

Subscribe to Jared Dillian’s free weekly column, The 10th Man, at Mauldin Economics: https://goo.gl/R0kUcm

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Daniel Hannan – The Right Approach To Brexit

2016-10-18

by Mike Shedlock

2016-10-18

Daniel Hannan, a British member of the European Parliament (MEP), made an eloquent, impassioned speech this weekend on what should take place in Brexit talks. After listening to Hannan on Brexit, regulation and trade, I am certain he would make a far better US president than anyone in the entire field from 18 months ago.

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