Category Archive: 3) Swiss Markets and News

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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.
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UBS Secures Naming Rights to New York’s Next Premier Entertainment and Sports Venue and Future Home of the New York Islanders

2020-07-23

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2020-07-23

State of the art UBS Arena at Belmont Park, developed in partnership with Oak View Group, the New York Islanders, and Sterling Project Development, is projected to open for the 2021-22 National Hockey League season.

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Group challenges law behind Covid-19 tracing app

2020-07-23

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2020-07-23

A committee has launched a referendum against changes made to the Epidemics Act to allow the introduction of the SwissCovid tracing app. The citizens say they’re concerned about data security.

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Swiss banks eye Hong Kong clients for pro-democracy ties

2020-07-22

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2020-07-22

Global wealth managers are examining whether their clients in Hong Kong have ties to the city’s pro-democracy movement, in an attempt to avoid getting caught in the crosshairs of China’s new national security law, according to six people with knowledge of the matter.

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Mandatory masks well accepted on Swiss public transport

2020-07-21

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2020-07-21

Passengers on Swiss trams, buses, and trains have adapted well since a rule requiring face masks was introduced a fortnight ago. However, boat operating companies say they are losing business.

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Neue Zahlungsempfänger bestätigen I UBS E-Banking

2020-07-20

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► Neue Zahlungsempfänger bestätigen mit Access Card ► UBS E-Banking ► https://www.ubs.com/ch/de.html ► UBS Schweiz – Ihre Bank – seit über 150 Jahren. Erfahren Sie wie man neue Zahlungsempfänger mit der Access Card bestätigt und wie man das Limit, über welchem eine Bestätigung erfordert wird, anpasst. ► Mehr rund um das Thema Mobile Banking und Access Card finden Sie hier: https://www.ubs.com/ch/de/help/e-banking/beneficiary.html ►...

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Embattled Swiss watch industry targets mainland China

2020-07-19

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2020-07-19

The absence of tourists due to Covid-19 will have significant negative repercussions on the Swiss watch industry. In an attempt to make up for this loss of income, manufacturers are focusing their activities more on mainland China as well as easing off the bling.

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Biggest Swiss-based arms manufacturers revealed

2020-07-18

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2020-07-18

Exporting arms is big business for Switzerland, but who are the actual manufacturers and exporters? After a five-year legal dispute, names can finally be published. Swiss companies exported CHF501 million ($530 million) in war materiel in the first half of 2020, the State Secretariat for Economic Affairs (SECO) said on Tuesday, almost twice as much as the same period in 2019.

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Swiss Solidarity raises CHF40 million for most vulnerable affected by Covid-19

2020-07-18

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2020-07-18

The humanitarian charity Swiss Solidarity is helping over 100 groups to provide emergency assistance to the elderly, the homeless and other vulnerable people who have been struggling in Switzerland during the coronavirus pandemic.

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Report alleges targeting of Swiss-based Catalan separatist’s phone

2020-07-17

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2020-07-17

The telephone of Anna Gabriel, a leading figure of the separatist movement in Catalonia who has sought refuge in Geneva, has been reportedly targeted by a “possible case of domestic political espionage”, according to a news investigation.

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Coronavirus: immunity might disappear within months in some patients

2020-07-16

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2020-07-16

A recently published study by researchers at King’s College London shows SARS-CoV-2 antibodies fall to undetectable levels within 60 days in some patients. These findings potentially undermine the efficacy of vaccines aimed at triggering an antibody response, along with hopes of herd immunity.

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Swatch hopes for sales to pick up quickly after pandemic slump

2020-07-16

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2020-07-16

Swatch Group said it expected sales and profits to improve quickly in the months ahead after the coronavirus pandemic caused a “massive decline” in business for the first half of the year.

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

2020-07-15

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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.

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Julius Baer to offer private equity to ultra-wealthy clients

2020-07-14

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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...

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Doubts over EU regulations deal raise prospect of higher City costs

2020-07-14

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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.

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Credit Suisse settles U.S. shareholder lawsuit 

2020-07-13

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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.

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Coronavirus: no significant slowdown in new cases in Switzerland

2020-07-13

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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.

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Immigration slowdown hits Swiss rents

2020-07-12

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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.

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Swiss Unemployment Falls in June 2020

2020-07-11

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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.

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Tour group blames coronavirus for 70 Swiss job cuts 

2020-07-10

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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.

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Inside Geneva: World trade at a crossroads

2020-07-09

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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. 

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