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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Valcambi refinery denies sourcing ‘dirty’ gold from Dubai

2020-09-10

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2020-09-10

The Swiss-based Valcambi refinery has rejected accusations about gold dealings with a controversial company in the United Arab Emirates.

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Art Basel and UBS art market survey shows online sales and millennial collectors increasingly important to an art market hit hard by COVID-19

2020-09-09

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2020-09-09

Art Basel and UBS today published a 2020 mid-year survey 'The Impact of COVID-19 on the Gallery Sector' written by renowned cultural economist Dr. Clare McAndrew, Founder of Arts Economics. The survey findings present an analysis of how the COVID-19 pandemic has impacted 795 galleries operating in the Modern and contemporary gallery sector, representing 60 different markets across all levels of turnover, throughout the first six months of 2020.

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Switzerland takes Belgium and Mexico off Covid-19 ‘high risk’ list

2020-09-09

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2020-09-09

People arriving in Switzerland from Belgium, Mexico and Luxembourg will no longer have to go into quarantine for ten days.

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Rights activists want Swiss-Chinese trade deal to be overhauled

2020-09-08

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2020-09-08

Campaigners are urging the Swiss government to renegotiate a six-year-old free trade agreement with China to try to improve human rights and labour conditions for its Uighur Muslim minority.

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Ceneri Base Tunnel is officially open

2020-09-07

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2020-09-07

The Ceneri Base Tunnel has been officially opened, with the first freight train passing through the tunnel in the southern Swiss canton of Ticino shortly after 11:30am. Passengers will have to wait for the new national rail timetable in December.

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Coronavirus: could masks explain Switzerland’s sharply declining death rate?

2020-09-06

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2020-09-06

In Switzerland, over the three months following 31 May 2020, there have been 11,306 recorded cases of Covid-19 and 91 deaths, a case fatality rate (CFR) of 0.8%. However, up to this date there were 30,862 cases and 1,920 deaths, a CFR of 6.2%. Why has Switzerland’s CFR fallen so steeply?

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Swiss regulator escalates probe into Credit Suisse

2020-09-06

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2020-09-06

The Swiss financial supervisor FINMA says it has opened enforcement proceedings against Credit Suisse into the 2019 spying affair that toppled the bank’s leadership and tarnished its reputation.

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Government exempts high-emission cars from Swiss climate goals

2020-09-05

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2020-09-05

The Swiss government is easing the pressure on the automotive industry to reduce CO2 emissions, reports Sunday newspaper Le Matin Dimanche.

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Chinese-owned Swissport agrees emergency takeover

2020-09-04

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2020-09-04

A consortium of investors has agreed a €800 million (CHF860 million) bailout of Chinese-owned airport services company Swissport. Revenues at the company have nosedived since the onset of the coronavirus pandemic.

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Geneva Airport expects 23 percent fewer passengers in 2021

2020-09-03

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2020-09-03

Geneva Airport officials say the shockwaves of the Covid-19 pandemic will reverberate into next year, with the number of passengers flying to and from the airport expected to be down by almost a quarter compared with pre-coronavirus levels, according to Swiss public radio, RTS.

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Trading platforms profit from pandemic chaos

2020-09-02

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2020-09-02

While Covid-19 has been wreaking havoc on the economy, many banks and trading platforms have recorded bumper results. Profits were boosted by elevated trading activity, but future prospects are mixed depending on the type of financial player.

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Time travelling in Basel

2020-09-01

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Why is the northern city of Basel described as Switzerland's cultural capital and how come the pharmaceutical industry started there? A new book called ‘Leaps in Time’ takes us on a journey down the centuries, introduces reformers, humanists, artists, plague doctors and the powerful tradesmen who ousted the aristocracy. From the first settlement at the time of the Celts, it grew into Switzerland’s third most populous city. It’s known for its...

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Coronavirus: protestors march against Covid-19 measures in Zurich

2020-09-01

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2020-09-01

On Saturday, around one thousand people took to the streets of Zurich to protest against government rules aimed at slowing the spread of the SARS-CoV-2 virus, according to RTS.

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Swiss PostBus faces lawsuit in Liechtenstein

2020-09-01

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2020-09-01

Liechtenstein transport companies are claiming CHF35 million ($38.7 million) in damages against Switzerland’s state-owned PostBus over alleged unfair business practices.

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Swiss economist says Covid-19 ‘winners’ should pay more tax

2020-08-31

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2020-08-31

Companies that netted their best-ever earnings during the coronavirus crisis should be subject to extra tax, finds one of Switzerland’s top economists.

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Coronavirus: UK puts Switzerland back on Quarantine List

2020-08-30

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2020-08-30

Switzerland back on Quarantine List
Travellers from Switzerland, Jamaica and Czech Republic who enter the UK from 4 am on Saturday 29 August 2020, must self-isolate for two weeks, the UK government announced this evening. The UK considers imposing quarantine when a country’s rate of infection exceeds 20 cases per 100,000 people over 7 days.

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Swiss Private Banks Brace for Coronavirus Impact

2020-08-29

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2020-08-29

Swiss Private banks
The Swiss private banking sector saw a resurgence in fortunes last year but faces an uncertain future as the Covid-19 pandemic continues to play havoc with financial markets. Favourable market conditions in 2019 allowed the 84 banks surveyed by KPMG to grow client assets by 14%, according to a recently published report by the audit firm.

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How I built my own Swiss watch – in a day

2020-08-28

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For fans of Swiss watches, the watchmaking world can sometimes seem like an impenetrable castle. The uninitiated rarely get the chance to observe or even touch delicate mechanical watch parts. Imagine assembling your own Swiss mechanical watch and taking it home with you at the end of the day. swissinfo.ch tried out the popular new concept run by Jura start-up Initium. heir start-up offers beginner watchmaking courses open to all ages. The firm,...

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New Swiss Rail Timetable Speeds up Cross-Border Trips

2020-08-28

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2020-08-28

Swiss Rail
Next year the train connections from Switzerland to Germany and Italy will be faster. On Wednesday the Swiss Federal Railways unveiled the timetable for 2021. In addition to various inland tweaks, the new schedule brings swifter links from Zurich to Milan (3:17) and Munich (ca. 4hrs). From Zurich there will be ten direct trains to Milan; from Basel, five.

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Belgium Investigates Credit Suisse over hidden Bank Accounts

2020-08-27

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2020-08-27

Credit Suisse
The investigation by federal prosecutors is at the information-gathering stage, looking for evidence of money laundering and whether the Swiss bank acted as an illegal financial intermediary, a spokesman for the prosecutors said on Monday. However, no formal charges have been brought.

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