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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Swiss hydropower prepares for energy shortage

2022-10-11

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Europe’s severe drought this summer has hampered hydroelectric output across the continent. In Switzerland, the hot weather has caused glaciers to melt rapidly and Switzerland’s hydropower reserves are currently below-average. Will they be enough to help prevent an electricity shortage this winter?⁠ ⁠--- 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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Switzerland shares bank details with Nigeria for first time

2022-10-11

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2022-10-11

Five additional countries, including Nigeria, now benefit from an automatic exchange of banking information with Switzerland, taking the total to over 100 for the first time. 

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Uber to roll-out Swiss-wide ‘dual model’ for drivers

2022-10-10

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2022-10-10

The ride-hailing company says it will offer drivers the possibility of remaining independent or becoming official employees of a subcontractor firm.

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How to decrypt bitcoin for Wall Street

2022-10-09

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2022-10-09

The fluctuating price of bitcoin bears a repetitive hallmark: true believers hoard the vast majority of bitcoin in circulation and wait for the next wave of new disciples to push up the value by fighting for the scraps.

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Energy crisis acting as drag for Swiss economy

2022-10-08

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2022-10-08

The KOF economic institute has joined other forecasting agencies to lower its predictions for the Swiss economy. However, the experts do not expect a recession for the time being.

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More than 70% of Swiss homes heated by burning stuff

2022-10-07

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2022-10-07

Statistics published this week by the Federal Statistical Office (FSO), show that 70.1% of homes in Switzerland are heated by burning either mazout (heating oil), gas or wood.

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Inflation turns negative in Switzerland in September

2022-10-07

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2022-10-07

In September 2022, Switzerland’s consumer price index (CPI) fell by 0.2% compared with the previous month, according to data from Switzerland’s Federal Statistical Office (FSO).

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Companies increasingly pessimistic about Swiss economy

2022-10-07

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2022-10-07

Chief financial officers (CFOs) are more pessimistic about the economic outlook for Switzerland than they were six months ago, according to a survey conducted by Deloitte for the second half of 2022.

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2021 a ‘mixed year’ for farmers and their profits

2022-10-06

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2022-10-06

Agricultural income in Switzerland grew slightly in 2021 to reach an average of CHF80,700 ($81,765) per farm, according to latest statistics.

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Explainer: how the Swiss electricity market works

2022-10-05

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2022-10-05

The energy crisis is causing electricity prices to soar across Europe, including in Switzerland. But the impact on the country is very unequal because of specific characteristics of its market.  

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Credit Suisse reassures investors over bank’s financial strength

2022-10-04

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2022-10-04

Senior Credit Suisse executives spent the weekend reassuring large clients, counterparties and investors about the Swiss bank’s liquidity and capital position in response to concerns raised about its financial strength.

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Swiss electricity savings drive slow out of the blocks

2022-10-04

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2022-10-04

Electricity consumption in Switzerland remained at normal levels last month despite a government appeal for households and industry to make savings.

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The strong Swiss franc – truth or myth?

2022-10-03

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2022-10-03

The Swiss franc has hit an all-time high against the euro. Even though it trades at an unprecedented CHF0.95 to the euro, the strong franc no longer poses a threat to the Swiss economy. What has changed in the last ten years? 

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Swiss landlords fear lawsuits for turning down heating

2022-10-03

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2022-10-03

Landlords and tenants are opposing government calls to reduce household heating to 19 degrees Celsius, warning it might spark a flurry of lawsuits.

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Melting Swiss glaciers reveal tragedies of the past

2022-10-01

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Switzerland’s melting glaciers have revealed more unexpected, macabre secrets than ever this summer: human remains and plane wreckage trapped in the ice for over 50 years. Such discoveries are set to multiply in the coming years, says Robert Bolognesi, a snow science expert. --- 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...

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Test hackers fail to breach Swiss Post’s e-voting system

2022-10-01

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2022-10-01

Not one hacker managed to penetrate the Swiss Post’s e-voting system during a security test, according to Swiss Post. The system withstood 60,000 attacks.

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$200 million fine for UBS and Credit Suisse

2022-09-30

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2022-09-30

The biggest two Swiss Banks have each been fined $200 million (CHF199 million) as part of a large-scale US investigation into the failure to preserve electronic communications.

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Swiss pensioners to be compensated for inflation

2022-09-29

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2022-09-29

Pensions in Switzerland should in future be topped up to fully account for the rising cost of consumer goods, parliament has agreed.

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Credit Suisse forced to address restructuring concerns

2022-09-28

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2022-09-28

Troubled Swiss bank Credit Suisse has sought to quieten rampant speculation about its upcoming strategic revamp following leaks to the media and concerns of its staff.

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Swiss diaspora more keen on pension reform and animal welfare

2022-09-27

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2022-09-27

While the pension reform, which raises the retirement age for women from 64 to 65, was narrowly accepted in Sunday's vote, the Swiss Abroad were more strongly in favour. The majority of voting expats were also in favour of abolishing factory farming and withholding tax unlike resident citizens. Pauline Turuban My specialty is telling stories, and decoding what happens in Switzerland and the world from accumulated data and...

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