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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What Switzerland and North Korea have in common

2021-05-03

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--- In both North Korea and Switzerland, the omnipresence of high mountains most probably affects the national psyche. An exhibition at the Alpine Museum in Bern investigates the similarities and differences between the two mountain nations, focusing not on politics but on people. 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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The $3 Trillion Hidden Exposure Behind The Archegos Blowup

2021-05-02

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2021-05-02

Authored by Nick Dunbar of Risky FinanceWhen the family office Archegos Capital abruptly imploded in late March, prompting $50 billion in block trades and $10 billion in losses at Credit Suisse, Nomura, UBS and Morgan Stanley, many bank analysts were taken by surprise. Last week, many of these analysts sounded frustrated listening to Credit Suisse’s earnings call in which senior management skirted round without giving any real detail about the...

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Covid: 13,465 new cases in Switzerland this week

2021-05-02

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2021-05-02

This week, saw 13,465 new Covid-19 cases in Switzerland, down 5% from a week before (14,110) continuing the 5% slow down in growth of new numbers experienced last week. © Andrii Kozlytskyi | Dreamstime.comThe 7-day average is currently 1,924, dipping below the level of 2,000 for the first time since 11 April 2021. By 30 April 2021, 10.8% of Switzerland’s population was fully vaccinated, up from 9.6% a week earlier. This week, the...

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Real Swiss salaries up most in 5 years

2021-05-02

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2021-05-02

On 30 April 2021, Switzerland’s Federal Statistical Office released salary data for 2020 which showed a 1.5% rise in real salaries compared to 2019. © Suwat Supachavinswad | Dreamstime.comIn 2020, a 0.8% rise in nominal salaries was boosted by inflation of -0.7% bringing the total increase in the real average Swiss salary to 1.5%. The last time salaries rose this much was in 2015 when the real increase was 1.5%. In both 2015 and 2020...

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Federer to auction clothes, rackets and other gear for charity

2021-05-01

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2021-05-01

Millions of Roger Federer fans around the world might be salivating at the prospect of owning some mementos of the Swiss great's incredible career after he announced he is auctioning off a collection of personal items this summer.

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“Read My Lips…” – FedSpeak Exposed

2021-04-30

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2021-04-30

Authored by Egon von Greyerz via GoldSwitzerland.com,“Read my lips: No New Taxes” Bush Sr said in his acceptance speech for his nomination in 1988 when he promised no tax rises. As most politicians, he didn’t keep his word. In the 1992 campaign Clinton made a devastating attack on Bush’s pledge and the rest is history.

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Credit Suisse plots comeback after ‘costly mistakes’ took it to the brink

2021-04-29

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2021-04-29

As Credit Suisse executives finalised an emergency $1.9 billion (CHF1.75 billion) fundraising from investors last week, a group of the bank’s prized super-rich clients from across Europe and Asia were on a separate Zoom call hosted by law firm Boies Schiller Flexner to plot a class-action suit against the lender.

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Telecoms company Sunrise to axe 660 jobs

2021-04-28

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2021-04-28

Switzerland’s second biggest telecoms group, Sunrise UPC, says it will cut 600 jobs by the end of 2022, following UPC's CHF6.8 billion ($7.4 billion) takeover of Sunrise Communications last year.

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Main Swiss farmers’ group alarmed by proposed pesticide ban

2021-04-27

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2021-04-27

The director of the leading Swiss farmers’ organisation is deeply concerned about two initiatives to ban pesticide. Martin Rufer explains what voters’ approval would mean for Switzerland’s agriculture.

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Switzerland fears impact of minimum corporate tax rate

2021-04-27

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2021-04-27

Switzerland may have to find alternative ways to welcome foreign companies to Switzerland. Keystone / Peter Klaunzer This content was published on April 27, 2021 - 09:00 April 27, 2021 - 09:00 Matthew Allen When not covering fintech, cryptocurrencies, blockchain, banks and trade, swissinfo.ch's business correspondent can be found playing cricket on various grounds in Switzerland - including the frozen lake of St Moritz. ...

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Ex-roads ministry worker ‘paid CHF2,000 a month’ to rig emissions data

2021-04-26

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2021-04-26

A former employee at the Swiss Federal Roads Office (FEDRO) and two board members of a vehicle exporter have been charged with fraudulently manipulating data to avoid CO2 emissions sanctions.

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Swiss bank pays up to settle German tax evasion probe

2021-04-26

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2021-04-26

Switzerland’s Migros Bank has agreed to pay €2.4 million (CHF2.65 million) to clear up cross-border tax evasion issues with Germany. Migros is one of several Swiss banks that have shelled out a penalty to avoid prosecution in the neighbouring country. Other banks to have made such an arrangement in the past include UBS, Credit Suisse and Julius Bär.

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Enregistrement dans l’app UBS Access avec courrier d’activation

2021-04-26

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► Enregistrement dans l'app UBS Access avec courrier d’activation ► UBS Mobile Banking ► https://www.ubs.com/ch/fr.html ► UBS Suisse - votre banque - depuis plus de 150 ans. Cette vidéo vous explique étape par étape comment vous pouvez vous enregistrer dans l’app UBS Access avec la lettre d’activation. ► Vous trouverez de plus amples information sur les services bancaires mobiles à l'adresse suivante :...

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WEF set to return to Davos in 2022

2021-04-25

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2021-04-25

The annual meeting of the World Economic Forum (WEF) is set to take place in the Swiss mountain resort of Davos again next year. However, reasonable hotel rates are a prerequisite and the Covid-19 situation is also a decisive factor, according to organisers.

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Covid: the 3 phases of Switzerland’s return to normal

2021-04-24

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2021-04-24

This week, Switzerland’s government set out the three phases of its plan to return to normal at a press conference recorded by RTS. The first is the protection phase, which we are currently in. This involves vaccinating the vulnerable and could last until the end of May 2021.

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Das Beste von Topsy | UBS Topsy

2021-04-23

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Die besten Abenteuer von Topsy und seinen Freunden. Spiel und Spass mit dem Sparfuchs Topsy – der Kinderwelt von UBS für Kinder bis acht Jahren.

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Covid: 80 percent of nation must be immunised to stop spread, says Swiss health minister

2021-04-23

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2021-04-23

This week, Alain Berset, Switzerland’s health minister said that 80% of the population must be immunised for the virus to stop spreading, according to RTS. Vaccination against the SARS-CoV-2 virus is voluntary in Switzerland.

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Credit Suisse’s Archegos Exposure Was Reportedly Over $20 Billion

2021-04-22

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2021-04-22

Just minutes after the SEC is reportedly "exploring how to increase transparency for the types of derivative bets that sank Archegos," The Wall Street Journal reports that Credit Suisse Group AG had somehow allowed a massive exposure to investments related to Archegos Capital Management or more than $20 billion.

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Swiss firms get international boost for exports

2021-04-21

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2021-04-21

The government has pledged CHF7.8 million ($8.5 million) over the next three years to help Swiss companies participate in major infrastructure projects abroad.

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How Credit Suisse rolled the dice on risk management — and lost

2021-04-20

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2021-04-20

Five months before Greensill Capital’s collapse, Credit Suisse invited a special guest to present to its top ranks in Asia. The visitor was hailed as the sort of bold entrepreneur the bank wanted to do business with: Lex Greensill. “The tone was this is the exact kind of client the bank wants, tell the MDs to go out and find more guys like Lex,” said one senior manager who watched the November video conference.

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