Category Archive: 3) Swiss Markets and News

Main Author Investec
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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What is Investec’s current credit rating?

2017-01-10

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Colin Brockman, a BDM at Investec Structured Products talks about Investec’s improved credit rating.

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Basic Income Arrives: Finland To Hand Out Guaranteed Income Of €560 To Lucky Citizens

2017-01-08

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2017-01-08

income inequality
Just over a year ago, we reported that in what was set to be a pilot experiment in "universal basic income", Finland would become the first nation to hand out "helicopter money" in the form of cash directly to a select group of citizens.

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2016 saw fewer passengers on Switzerland’s highest railway

2017-01-07

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2017-01-07

Tunneleingang
The train, which takes sightseers to the Jungfraujoch in the Bernese Alpes, carried 916,500 passengers in 2016, significantly fewer than the year before. In 2015, a record 1,007,000 made the journey.

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Börsen-Talk vom 23. Dezember 2016

2017-01-06

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cash-Guru Alfred Herbert ist überzeugt, dass sich die im 2016 abgestraften Defensivaktien bald erholen werden. Er sagt im cash-Börsen-Talk, auf welche Branche er nächstes Jahr setzt und bei welchem Preis er Silber kauft.

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Fritz Zurbrügg: Vizepräsident des Nationalbank-Direktoriums

2017-01-06

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Steigende Hypothekarzinsen wirken aus Sicht von SNB-Vizedirektor Fritz Zurbrügg Verzerrungen am Immobilienmarkt entgegen. Dazu brauche es aber weiterhin disziplinierte Hypothekarbanken, fordert der Währungshüter.

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Who cares if cuckoo clocks are not a Swiss invention?

2017-01-05

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Contrary to popular belief, cuckoo clocks did not originate in Switzerland. They were first made in Germans, who continue to dominate the market for high quality wooden clocks. (Julie Hunt, 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 …

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SMI set to end 2016 in negative territory

2016-12-31

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2016-12-31

In the last week of the year, the Swiss Market Index deepened its loss for the year as banks continued lower on low trading volumes. The SMI is set to end 2016 with an annual loss of 6.8% as banking and pharmaceutical giants pulled the index down in a year of turbulent trading. A volatile 2016 started with a brutal equity sell off as investors dumped global stocks on fears of an accelerating economic slowdown in China. The Brexit vote in June...

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Miners, including Swiss-based Glencore, unearth a profit bonanza with rally set to last into 2017

2016-12-30

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2016-12-30

Coal-mining
Miners had been digging in one of Australia’s oldest collieries for almost a century until operations wound down a year ago, the victim of plunging global commodity prices.

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FRIEDMAN: Russia’s Done the US a Favor in Syria

2016-12-29

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Download the FREE special report “Top 3 Economic Surprises for 2017” from George Friedman: http://bit.ly/2ih5W5n

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Davos Staff May Sleep In Shipping Containers As Billionaires Swarm Resort

2016-12-29

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2016-12-29

davos 2017
With January just around the corner, the world's billionaires, CEOs, politicians and oligarchs prepare to take their private planes to Davos, Switzerland for their annual convocation at the World Economic Forum, where they discuss such diverse topics as global warming due to greenhouse gases (which exempts Gulfstream jets) and the dangers of record wealth inequality (which exempts them), while snacking on $39 hot dogs and $50 Caesar salads.

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FRIEDMAN: Energy Prices Will Hit These Two Nations Hard in 2017

2016-12-28

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Download the FREE special report “Top 3 Economic Surprises for 2017” from George Friedman: http://bit.ly/2ih5W5n

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The Alpine movie that didn’t need a script

2016-12-28

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The film “Alpzyt” is the most successful Swiss documentary of the year. Equipped with a camera and a drone, director Thomas Rickenmann heads for the mountains without a script and just starts filming. His work is something viewers find soothing. (SRF/swissinfo.ch) — swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role …

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Credit Suisse Settles With DOJ For $5.3 Billion; Will Pay $2.5 Billion Civil Penalty

2016-12-25

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2016-12-25

Credit Suisse
Shortly after last night's news that Deutsche Bank had settled with the DOJ for $7.2 billion, of which it would pay $3.1 billion in a civil penalty, far lower than the $14 billion number initially speculated (the stock popped as much as 4% before settling just over 2% higher currently), Credit Suisse likewise closed the books on its pre-crisis RMBS fraud when the largest Swiss bank agreed to pay $5.28 billion to resolve a U.S.

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Seven banks fined in Swiss probes of rate-rigging cartels

2016-12-24

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2016-12-24

Switzerland handed out about $100 million in antitrust fines against seven U.S. and European banks for participating in cartels to manipulate widely used financial benchmarks.

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Sentiment appears positive as investors close their books for the year

2016-12-23

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2016-12-23

SMI vs. MSCI World, December 23
Ahead of the Christmas break, trading volumes were thin this week amid a lack of new market catalysts. Swiss and European equities were generally unchanged through the week, tracking global stock markets. Overall, sentiment appears to be positive as investors close their books for the year.

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FRIEDMAN: Trump’s Biggest Problem Is Not the Democrats

2016-12-22

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Download the FREE special report “Top 3 Economic Surprises for 2017” from George Friedman here: http://bit.ly/2ih5W5n

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The hidden cost of Christmas gifts

2016-12-22

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2016-12-22

Value Destroying
If you haven’t had a chance to go Christmas shopping don’t despair, gifts destroy value. For example, someone on a diet is unlikely to place much value on a box of chocolates. The difference between what was paid for the chocolates and what the recipient would have paid represents destroyed value. They could have been left on the shelf for someone who would have fully valued them. Economists call this deadweight loss.

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FRIEDMAN: There’s No Such Thing as Europe Anymore

2016-12-22

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Download the FREE special report “Top 3 Economic Surprises for 2017” from George Friedman: http://bit.ly/2ih5W5n

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Swiss watch exports poised for worst year since 1984: chart

2016-12-21

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2016-12-21

Watch Drop Exports of Swiss timepieces
The number of watches Switzerland exports is on track to reach the lowest level since 1984, when digital timepieces were in vogue and Swatch Group AG had just been formed in reaction to low-cost competition.

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Police say no terror links to Zurich mosque gunman

2016-12-20

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2016-12-20

Around 80 people were gathered at the Islamic centre on Monday evening (Keystone)
Police say the man responsible for the shooting incident at the Zurich Islamic Centre on Monday evening was a 24-year-old Swiss with Ghanaian roots. They said there appears to be no link to radical groups. The man's motive for the mosque shooting and a separate murder on Sunday remains unclear.

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