Category Archive: 3) Swiss Markets and News
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The contractural requirement for Swisscom to provide every commune with a telephone box comes to an end at the end of next year. Late last week, the Federal Council adopted a new plan that will come into force in 2018. Internet subscriptions without a fixed phone contract should also be part of the new plan.
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Saving documents in digital form for the future
The Swiss National Library as been asking global experts how to preserve knowledge in digital form for the long term. (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. For more articles, interviews and videos …
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Sunrise beats Swisscom on mobile network coverage
After seven years on top, Swisscom has been beaten by Sunrise. The German telecommunications expert and magazine publisher, connect.de and its partner P3, travelled roughly 7,000 km by car around Switzerland testing Swiss mobile networks. Tests were also made while walking and on trains. The results were published on Tuesday.
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Swiss stock market awaits result of Italian referendum
Investors appear to be staying on the sidelines this week ahead of the weekend’s Italian referendum. Swiss stocks are set to finish the week lower, underperforming global equities as food giant Nestle and pharmaceutical heavyweights Roche and Novartis drag the index down. It’s been a volatile trading week across financial markets. Oil prices jumped almost 9% on Wednesday after OPEC members finally agreed a deal to cut production while upbeat US...
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Börsen-Talk vom 2. Dezember 2016
Mit der Credit Suisse setzt Urs Beck auf eine umstrittene Aktie. Im Börsen-Talk nennt der Fondsmanager von EFG Asset Management weitere Titel mit Potenzial und sagt, warum eine SMI-Jahresend-Rallye kaum möglich ist.
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New lease of life for historic radio transmitter
Many older Swiss still remember the Beromünster national transmitter from the golden days of radio. Those days are gone, but the iconic structure is experiencing a new lease of life. (SRF/swissinfo.ch) Of the two transmitters above Beromünster in canton Lucerne, only one remains today and is under cultural heritage protection. The 220 metre steel tower …
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The US military plane crash that led to better rescues
In November 1946 an American military airplane made an emergency landing on the Gauli glacier in the Bernese Alps. All 12 people on board were rescued in a spectacular mission that marked the birth of the Swiss air rescue service REGA. (SRF/swissinfo.ch) On its way from Munich to Marseille a Douglas DC-3 Dakota US military …
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Terminating a nuclear power plant
This is how the Mühleberg nuclear power station near Bern will be taken off the grid in 2019. (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. For more articles, interviews and videos visit swissinfo.ch …
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Canton Geneva’s treasure box
A letter from Voltaire, Rousseau’s apprenticeship contract and the police files for Benito Mussolini are among the treasures stored in Geneva’s ancient safe. (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. For more articles, …
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Switzerland tops talent table despite high cost of living
Switzerland retains its number one spot in IMD‘s most recent 2016 World Talent Report. Unlike the other 60 nations in the study, which have seen their performance gyrate, a plot of Switzerland’s rank over the last ten years is a perfectly straight line. First ten years in a row.
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Swiss banks taking more risks to compensate for record-low interest rates
Swiss banks focused on property lending are taking more risks to compensate for the impact of record-low interest rates, increasing the threat of a real-estate bubble, Swiss National Bank Vice President Fritz Zurbruegg said.
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Swiss stocks down as the US dollar hits decade high
Swiss pharmaceutical and luxury goods giants pulled the Swiss Market Index (SMI) down again this week as investors dropped large cap firms. Global stocks however continued to rise, along with energy prices, on the promise of Trump’s reflationary administration. The US dollar headed further up, reaching decade highs.
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Steep price increases for Swiss Rail passengers despite deflation
Today, Swiss Rail announced big price increases on some tickets and passes. The new prices will apply from 11 December 20161. According to the Swiss government consumer price index, average prices declined by 2.1% between October 2010 and October 20162.
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Börsen-Talk vom 25. November 2016
Der SMI steuert nach 2015 heuer schon wieder auf eine negative Jahresperformance zu. Für ZKB-Anlagechef Christoph Schenk ist das kein Grund zum Hadern, sondern eine Einstiegsmöglichkeit, wie er im Börsen-Talk sagt.
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Shuttered Geneva offices show impact of lost banking secrecy
Three years after Lloyds Banking Group Plc sold its private bank in Geneva, the only signs of life at the now-empty building are piles of cigarette butts and nutshells lying on its dirty window ledges. The riverside offices at Place de Bel-Air are a short walk away from the remaining private banks, hedge-fund managers and luxury-goods stores in the heart of the Swiss city. The locked entrance, where millionaire clients used to come and go, is a...
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Global Wealth Update: 0.7 percent Of Adults Control $116.6 Trillion In Wealth
Today Credit Suisse released its latest annual global wealth report, which traditionally lays out what is perhaps the biggest reason for the recent "anti-establishment" revulsion: an unprecedented concentration of wealth among a handful of people, as shown in its infamous global wealth pyramid, an arrangement which as observed by the "shocking" political backlash of the past few months suggests that the lower 'levels' of the pyramid are...
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Swiss watch exports have biggest monthly drop in seven years
Shipments fell to 1.68 billion francs ($1.7 billion), the Federation of the Swiss Watch Industry said in a statement Tuesday. The decline was much greater than expected and was made worse because October was the weakest month of last year, according to Zuzanna Pusz, an analyst at Berenberg.
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Switzerland risks power independence as nuclear vote looms
The nation faces losing a third of domestic supplies and becoming a net buyer of power if it opts to start closing its five nuclear plants as early as next year. The Swiss will vote on Sunday and the anti-nuclear proposal has a slender lead in opinion polls.
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Swiss are the world’s wealthiest, says report
According to a recent report by the bank Credit Suisse, the Swiss are worth more on average than the residents of any other nation. The bank’s annual Global Wealth Report calculates average net worth per Swiss adult to be US$ 561,900 (CHF 567,500). Switzerland’s combined personal wealth of US$ 3.5 trillion represents 1.4% of the global total, while the nation’s population represents 0.1% of the global total.
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