Category Archive: 3) Swiss Markets and News

Main Author Investec
Investec
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.
My articlesMy siteAbout meMy books
Follow on:LinkedINTwitterAmazon
Filter archive by: Show All Show only Articles Show only Videos

Switzerland a leader in 3D printing technology, patent records show

2020-07-15

by

2020-07-15

In relation to its population size, between 2010 and 2018 Switzerland filed more patent applications for 3D printing technologies than any other European country, the European Patent Office said on Monday.

Read More »

Julius Baer to offer private equity to ultra-wealthy clients

2020-07-14

by

2020-07-14

Julius Baer has poached a senior executive from rival Swiss wealth manager UBS to set up a new division offering private equity and debt investments to its ultra-wealthy clients. The move illustrates how a prolonged period of low interest rates has forced the likes of UBS and Credit Suisse to prioritise offering illiquid private investments to their super-rich clients, who agree to forgo access to their capital in the hope of achieving higher...

Read More »

Doubts over EU regulations deal raise prospect of higher City costs

2020-07-14

by

2020-07-14

On a Monday morning, just over a year ago, investment firms across the EU found they were no longer allowed to trade on the Swiss stock exchange. It happened almost overnight — simply because Brussels refused to extend a regulatory “equivalence” deal with Switzerland, which gave each side free access to the other’s markets.

Read More »

Credit Suisse settles U.S. shareholder lawsuit 

2020-07-13

by

2020-07-13

Major Swiss bank Credit Suisse has agreed to pay $15.5 million (CHF14.6 million) to settle a dispute with shareholders in the United States, according to court filings on Friday.

Read More »

Coronavirus: no significant slowdown in new cases in Switzerland

2020-07-13

by

2020-07-13

In the seven days to 10 July 2020, the reported number of new SARS-CoV-2 infections recorded in Switzerland was 589, a similar number to the week before, when 615 new cases were recorded.

Read More »

Immigration slowdown hits Swiss rents

2020-07-12

by

2020-07-12

In 1999, Switzerland signed a deal with the EU allowing free movement of people between Switzerland and the bloc. The deal came into force in 2002. This led to a rise in immigration into Switzerland, which in turn eventually led to rising rents.

Read More »

Swiss Unemployment Falls in June 2020

2020-07-11

by

2020-07-11

The number unemployed in Switzerland at 30 June 2020, fell 5,709 in June to 159,289, according to the State Secretariat for the Economy (SECO). Switzerland’s unemployment rate fell from 3.4% to 3.2%. However, despite improving on May 2020, the number unemployed was 53,067 (+54.6%) higher than at the end of June 2019.

Read More »

Tour group blames coronavirus for 70 Swiss job cuts 

2020-07-10

by

2020-07-10

German tour operator TUI is to close eight of its 62 branches in Switzerland with the loss of around 70 jobs, owing to the effects of the coronavirus crisis.

Read More »

Inside Geneva: World trade at a crossroads

2020-07-09

by

2020-07-09

In this episode of our Inside Geneva podcast, we look at the role of the World Trade Organization as it chooses a new leader amid challenging times. 

Read More »

New Geneva platform to ‘anticipate societal changes’ 

2020-07-09

by

2020-07-09

A new international platform is to be launched in Geneva to anticipate the effects of societal changes amidst the Covid-19 crisis, Swiss President Simonetta Sommaruga said on Wednesday. 

Read More »

Travel destinations seek tourists, but not the crowds

2020-07-08

by

2020-07-08

Some popular travel destinations have enjoyed the break – however temporary – from tourist crowds following Covid-19 restrictions. Others hope the hordes will return soon. Switzerland had not yet opened its border with Italy when its southern neighbour unexpectedly announced that Swiss citizens could enter the country starting on June 3.

Read More »

Motorway station supplier goes into liquidation

2020-07-07

by

2020-07-07

A company that supplies Swiss motorway service stations and convenience stores has gone into liquidation after failing to find new investors. Some 144 jobs at Lekkerland Switzerland are now at risk of disappearing by the end of the year.

Read More »

New UBS report reveals that joint financial participation is the key to gender equality

2020-07-07

by

2020-07-07

Significant majority of men and women believe women need to be equally involved in long-term financial decisions to achieve true gender equality, yet half of women let their spouses take the lead .

Read More »

Swiss sustainable finance: world leader or wishful thinking?

2020-07-06

by

2020-07-06

The Swiss financial centre wants to take a lead in ethical investing. NGOs, however, fear the banks are more interested in cashing in than saving the planet. One thing everyone agrees on is the need for a universal definition of sustainable finance and measures to oversee the sector.

Read More »

New cars on Swiss roads failed to meet emissions targets

2020-07-05

by

2020-07-05

Fuel consumption and emissions limits for new cars in Switzerland missed their target in 2019 for the fourth year in a row. This resulted in sanctions totalling CHF78 million for car importers.

Read More »

Swiss retail sales up 30 percent in May after COVID-19 measures eased

2020-07-05

by

2020-07-05

Recently published figures show a overall jump of 30.2% in retail sales in May 2020 compared to April 2020. May’s rise of 30.2% follows falls of 6.5% in March and 13.7% in April.

Read More »

Swiss salaries rise faster than inflation for the first time in 2 years

2020-07-04

by

2020-07-04

In 2019, Swiss salaries were on average of 0.9% higher than the year before. A nominal rise of +0.9% combined with low inflation of 0.4% delivered a real boost of 0.5% to someone earning an average salary in Switzerland.

Read More »

Novartis pays big fine for bribing doctors in the US

2020-07-04

by

2020-07-04

Swiss pharma company Novartis will pay $729 million (CHF688 million) to US authorities in an out-of-court settlement over various charges, including that the company bribed doctors to use its drugs.

Read More »

Fewer cows, more cars: Switzerland misses its emission targets

2020-07-03

by

2020-07-03

Switzerland’s emissions have declined over the last 30 years, but not enough to meet the national targets set for 2020. What’s behind the gap? By 2020, greenhouse gas emissions in Switzerland should be down by 20% from what they were in 1990. That’s the target outlined in the federal CO2 law.

Read More »

Swiss government forecasts 2021 deficit but no tax hikes

2020-07-03

by

2020-07-03

The coronavirus is set to knock a CHF 1 billion hole in Switzerland’s federal budget for 2021, according to a press release. Without the virus the budget was CHF 2.2 billion in the black. Post virus the budget is now CHF 1 billion in the red. The virus is expected to add CHF 2.0 billion to next years spending. The extra money is earmarked for SARS-CoV-2 tests, business loan guarantees and support to the sports sector.

Read More »