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

Swiss medicine sales to Russia hit 30-year high

2023-01-25

by

2023-01-25

Swiss exports of pharmaceuticals to Russia, which are not subject to sanctions, reached a 30-year record last year, buoyed by high prices. Roche, Novartis and the other Swiss pharma companies brought in CHF2.1 billion ($2.3 billion) from the export of pharmaceuticals to Russia in 2022.

Read More »

Why can’t the Swiss National Bank go bankrupt?

2023-01-24

by

2023-01-24

The Swiss National Bank (SNB) will make a loss of CHF132 billion in 2022, and distribution of profits to the confederation and the cantons will be suspended. What does this mean for the stability of the SNB and what would happen if it faces another large loss?

Read More »

China-Switzerland flights struggle to resume after three years

2023-01-23

by

2023-01-23

Geneva airport was expected to see the return of direct flights from China next week, but the scheduled Air China flights of January 26 and February 2 have been cancelled due to lack of passengers, reports Swiss public broadcaster RTS.

Read More »

Electricity prices could rise more in 2024, suggests head of Swiss regulator

2023-01-21

by

2023-01-21

At a meeting in Bern on 19 January 2023, Werner Luginbühl, the head of Elcom, Switzerland’s electricity regulator, called on the sector to be careful to manage consumer expectations, reported RTS.

Read More »

Three Swiss firms ranked among top 100 family businesses

2023-01-20

by

2023-01-20

Swiss pharmaceuticals group Roche, logistics company Kühne+Nagel and luxury goods group Richemont are among the world’s top 100 family businesses, according to a study by EY Switzerland.

Read More »

Crypto crash fails to deliver death blow to Swiss ambitions

2023-01-19

by

2023-01-19

The crypto sector appears to be suffering an existential crisis, shedding jobs, client funds and credibility. Switzerland looks to have escaped with a glancing blow – if industry data is anything to go by.

Read More »

The gathering of bone doctors

2023-01-18

by

The Swiss town of Davos is famous for mountain slopes, winter sports and the annual meeting of the World Economic Forum. But did you know that it also attracts scientists and doctors from all over the world? In this six-part video series, SWI swissinfo.ch journalists Sara Ibrahim and Michele Andina take you on a journey to discover five of Davos’s research institutes. In this first episode, they take you to the AO Davos Courses, a two-week...

Read More »

WEF: Oxfam urges windfall tax on food companies

2023-01-17

by

2023-01-17

Food companies making big profits as inflation has surged should face windfall taxes to help cut global inequality, anti-poverty group Oxfam said on Monday as the annual meeting of the World Economic Forum (WEF) gets underway in the Swiss mountain resort of Davos.

Read More »

UBS eyes US and China expansion

2023-01-16

by

2023-01-16

UBS chairman Colm Kelleher says Switzerland’s largest bank needs to expand its wealth management business in the US to compete with the big Wall Street banks.

Read More »

Switzerland and US sign deal on pharmaceutical supply chain

2023-01-15

by

2023-01-15

US and Swiss authorities have agreed to share inspection documents on pharmaceutical manufacturing facilities in a move to improve efficiency and safety in the drug supply chain.

Read More »

Swiss unemployment lowest in 20 years

2023-01-14

by

2023-01-14

On 9 January 2023, Switzerland’s State Secretariat for Economic Affairs (SECO) published the latest figures for the Swiss labor market in 2022 showing unemployment at its lowest rate for 20 years.

Read More »

Switzerland’s worker shortage putting pressure on unemployed to change career

2023-01-14

by

2023-01-14

By international standards, unemployment payments are generous in Switzerland – typically 70% of salary. But they come with strict requirements for recipients to show they are engaging in actions deemed necessary to find work. With record numbers of unfilled jobs, pressure is now being put on some to change career, reported RTS.

Read More »

Rents rise by almost 3% in Switzerland

2023-01-12

by

2023-01-12

Rents in Switzerland rose by an average of 2.8% last year, the largest annual increase in 14 years. Switzerland is unique in Europe with the majority of residents living in rented accommodation.

Read More »

Inflation, extreme weather and wars identified as top global risks

2023-01-12

by

2023-01-12

Global stability is most threatened by rising food and energy costs, climate-related disasters and the risk of further military conflict, according to 1,200 experts canvassed by the World Economic Forum (WEF).

Read More »

‘Playful’ Swiss cheese marks record sales

2023-01-11

by

2023-01-11

Switzerland’s Tête de Moine (Monk’s Head) cheese broke all-time sales and production records last year, due particularly to its “conviviality”, according to the sector’s president.

Read More »

From cocoa bean to chocolate: the process explained

2023-01-10

by

The chocolate supply chain features many intermediaries from bean to bar. Those doing the hardest jobs at the bottom of the chain get a tiny portion of a bar's price while those at the top make the most money. Today, Ivory Coast and Ghana produce over 60% of the world’s cocoa beans and Switzerland has become synonymous with chocolate. This mutually beneficial relationship has come under strain in recent years. The West African countries are no...

Read More »

Swiss jobless rate sinks as unions demand more pay

2023-01-10

by

2023-01-10

The rate of unemployment in Switzerland fell to 2.2% last year, the lowest rate in 20 years, according to official statistics. At the same time, trade unions complained that wages were too low for many workers and demanded more pay. On Monday, the State Secretariat for Economic affairs (Seco) said the jobless rate fell from 3% in 2021 to 2.2% last year.

Read More »

Swiss rents and property prices up in 2022

2023-01-10

by

2023-01-10

A sharp rise in rent in December 2022 (+1.1%) left the average Swiss rent 4.3% higher than at the beginning of 2022, according to the Swiss Real Estate Offer Index, published on 4 January 2023 by SMG Swiss Marketplace Group. This annual jump of 4.3% exceeds the annual CPI increase of 2.8% announced this week.

Read More »

How To Design Corporate Budget For A Growing Company

2023-01-09

by

2023-01-09

The success of a business organization depends, to quite an extent, on the planning of resources. This planning keeps the business way above others. Budgeting, therefore, becomes a critical aspect of accounting. However, please keep in mind that financial planning in business is steeped in challenges because of the economic turmoil.

Read More »

Swiss central bank posts record CHF132 billion loss for 2022

2023-01-09

by

2023-01-09

The Swiss National Bank (SNB) has posted an annual loss of CHF132 billion ($143 billion) for 2022, the biggest in its 115-year history. “The loss on foreign currency positions amounted to around CHF131 billion and the loss on Swiss franc positions was around CHF1 billion. A valuation gain of CHF400 million was recorded on gold holdings,” the SNB said in a statement on Monday.

Read More »