Category Archive: 3) Swiss Markets and News

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Credit Suisse Dumping Huge Archegos Blocks; Liquidating Millions In VIACS, VIPS And FTCH

Literally moments ago we said that the Archegos portoflio was being sold off all day on fears of "stealth" prime broker deleveraging, as tens of millions of shares were yet to be accounted for.

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Electric cars – how much cleaner are they?

Are electric vehicles really more eco-friendly than other types of cars? The Swiss TV consumer magazine ‘Kassensturz’ used a new climate calculator to find the answers, comparing the carbon footprints of electric cars with those of other types over the entire lifespan of the vehicles. The tool was developed by the Touring Club Switzerland (TCS) automobile association.--- swissinfo.ch is the international branch of the Swiss Broadcasting...

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Switzerland asks EU for exception to vaccine export rules

As of this week, Switzerland can no longer import Covid vaccines from the European Union (EU) without a special license. Officials in Bern have asked to be granted an exception to the stricter conditions.

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Swiss firms hold out hopes in US infrastructure upgrade

US President Joe Biden’s major infrastructure plan is raising high hopes for Swiss firms in the construction and building industry. Although first contracts are expected to go to local firms, experts believe Swiss firms could score opportunities thanks to their specialisation and presence in the US market.

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Nestlé attacks food benefits of Brazilian workers during the pandemic

The Swiss multinational is celebrating 100 years in Brazil but its poorest workers face food voucher cuts amid rising food prices caused by the pandemic. After a century of doing business in Brazil – Nestlé’s fifth largest market with CHF2.79 billion ($2.94 billion) in sales in 2020 – the Swiss food manufacturer faces the discontent of trade unions in the South American country. 

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Another Wirecard? Invoices Backing Greensill-Issued Bonds Never Existed, Administrator Finds

As the collapse of Greensill Capital threatens to ensnare former PM David Cameron in a humiliating public probe, the Financial Times on Thursday reported some disturbing new details that appear to suggest Greensill wasn't merely reckless, but potentially guilty of a Wirecard-style fraud.

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Switzerland and ILO sign agreement on development cooperation

Economics Minister Guy Parmelin and the Director-General of the International Labour Organization (ILO), Guy Ryder, have concluded an agreement on development cooperation. Parmelin, who holds the rotating Swiss presidency this year, also announced that Switzerland had joined a global platform to combat child labour, forced labour and human trafficking, the government said on Thursday.

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Private sector joins government to protect ‘Swissness’ abroad

Major industry associations have joined forces with public agencies to combat free-riders who abuse the “Swiss brand” abroad. The association for Swissness enforcement is intended to foster coordinated action against the wrongful use abroad of Swiss indications of source.

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The Swiss textile machinery industry has a China dilemma

Amid allegations of forced labour involving Uyghur and other minorities in the garment supply chain, the Swiss textile machinery sector faces thorny questions about its ties to and reliance on China. In 2014, the same year the Swiss-China free trade deal went into force, a group of industry colleagues including a representative of the Swiss firm Uster Technologies visitedExternal link cotton gins and spinning mills in Xinjiang, Western China.

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Electric cars are on the way, but is Switzerland ready?

Last year saw a surge in new electric vehicle (EV) sales worldwide and Switzerland was no exception. But the experience of frontrunner countries like Norway shows that some things will have to change if the Swiss electric car revolution is to keep pace in the years ahead and reduce carbon emissions.

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Credit Suisse and Nomura warn of losses after Archegos-linked sell-off

Credit Suisse and Nomura have warned of large losses after a fire sale of about $20bn of Chinese and US stocks, as their client Archegos Capital Management was forced into a huge unwinding of assets.

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Credit Suisse warns of ‘highly significant’ loss linked to hedge fund

The Swiss bank Credit Suisse says it may face a “highly significant” loss in the first quarter due to an unnamed American hedge fund client defaulting on margin calls. In a statement issued on Monday, the bank said: “While at this time it is premature to quantify the exact size of the loss resulting from this exit, it could be highly significant and material to our first quarter results”.

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Covid-19: Can Swiss artists survive on current support measures?

The Covid-19 pandemic has taken a heavy toll on the Swiss arts scene. Support measures have been introduced to “preserve cultural diversity” and some cantons have even launched monthly income support schemes for artists. But will these measures be enough?

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Mobile Banking personalisieren

► Mobile Banking personalisieren ► UBS E-Banking ► https://www.ubs.com/ch/de.html ► UBS Schweiz – Ihre Bank – seit über 150 Jahren. Wir zeigen Ihnen in diesem Video, wie Sie Mobile Banking ganz einfach personalisieren und Ihren Bedürfnissen anpassen können. ► Mehr rund um das Thema Mobile Banking finden Sie hier: https://www.ubs.com/ch/de/private/digital-banking/private/mobile-banking.html ► Abonnieren Sie UBS Schweiz:...

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How to personalize Mobile Banking

► How to personalize Mobile Banking ► UBS Mobile Banking ► https://www.ubs.com/ch/en.html ► UBS Switzerland - your bank - for over 150 years. In this video, we show you how easy it is to personalize Mobile Banking and customize it to your preferences. ► You can find more information about mobile banking here: https://www.ubs.com/ch/en/private/digital-banking/private/mobile-banking.html ► Subscribe to UBS Switzerland:...

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Personalizzare il Mobile Banking

► Personalizzare il Mobile Banking ► UBS Mobile Banking ► https://www.ubs.com/ch/it.html ► UBS Svizzera - la vostra banca - da oltre 150 anni. In questo video vi mostriamo come potete personalizzare il Mobile Banking in tutta semplicità, adattandolo alle vostre esigenze. ► Potete trovare ulteriori informazioni sul mobile banking qui: https://www.ubs.com/ch/it/private/digital-banking/private/mobile-banking.html ► Abbonatevi a UBS Svizzera:...

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Personnalisation du Mobile Banking

► Personnalisation du Mobile Banking► UBS Mobile Banking ► https://www.ubs.com/ch/fr.html ► UBS Suisse - votre banque - depuis plus de 150 ans. Cette vidéo vous apprend comment personnaliser facilement votre Mobile Banking et l’adapter à vos besoins. ► Vous trouverez de plus amples information sur les services bancaires mobiles à l'adresse suivante : https://www.ubs.com/ch/fr/private/digital-banking/private/mobile-banking.html ► Abonnez-vous à...

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Swiss-EU relations hang in the balance

Discussions between the EU and Switzerland over the future of their bilateral relations could be on the verge of collapse. Over 100 bilateral treaties set the terms of relations between the two. These need updating. A framework agreement has been hammered out over seven years but there are sticking points and the deal is under fire from across the Swiss political spectrum. --- swissinfo.ch is the international branch of the Swiss Broadcasting...

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Pandemic hurts box office takings at Swiss cinemas

Ticket sales at Swiss cinemas plummeted by two-thirds last year as venues were forced to close their doors. Of the films that could be shown, Swiss movies made up a greater share of the total offering.

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Swiss ‘too big to fail’ banks pose little risk to the economy

Three of Switzerland’s “too big to fail” banks no longer threaten to cause a seismic shift in the economy should they collapse, says the financial regulator. Zurich Cantonal Bank, PostFinance and the Raiffeisen banking group are now deemed to have put into place credible plans for an orderly bankruptcy.

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