Category Archive: 3.) Investec

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Swiss EU immigration – unfortunately there is no plan B, says president in interview

2016-12-09

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2016-12-09

Switzerland’s plan to solve an immigration dilemma with the European Union could avoid being held up by another referendum if it gets strong support in parliament next week, according to Swiss President Johann Schneider-Ammann. A clear result in a final vote on Dec. 16 with the Swiss People’s Party, or SVP, in the minority could make it “delicate” for the group to push for another plebiscite, he said in an interview with Bloomberg Television’s Guy...

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Umuzi | An Out of the Ordinary Academy

2016-12-08

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Watch how Verona Banda’s life and job prospects have been transformed by the Umuzi Academy: www.liveoutoftheordinary.co.za

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Care for Wild: An Out of the Ordinary Orphanage

2016-12-08

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In celebration of World Rhino Day, Investec Rhino Lifeline is focusing its efforts on raising money for Care for Wild. This organisation based in Mpumalanga, South Africa, raises young rhino who have been orphaned or injured as a result of poaching until they can be rehabilitated back into the wild. Contribute now: http://careforwild.co.za/

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Richemont cuts send shockwaves from Geneva to mountain valleys

2016-12-08

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2016-12-08

Exports of Swiss Watches Decline for 16th Month
Richemont’s plan to slash 210 watchmaking jobs in Switzerland is sending shockwaves from Geneva to some of the country’s remote mountain villages, the cradle of high-end watch manufacturing. In Le Sentier, a town perched in the middle of the Jura mountain range, straddling the border between France and Switzerland, some 400 people protested Thursday against plans to cut the workforce of Vacheron Constantin and Piaget.

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An Out of the Ordinary gift this festive season

2016-12-08

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Give the gift of a lifetime and give an orphaned rhino the chance to survive by donating to Care for Wild Africa today: http://invest.ec/2gBWfhn

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Over 4,000 studios for rent. Standing room only. Telephone included.

2016-12-07

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2016-12-07

Swiss phone box
The contractural requirement for Swisscom to provide every commune with a telephone box comes to an end at the end of next year. Late last week, the Federal Council adopted a new plan that will come into force in 2018. Internet subscriptions without a fixed phone contract should also be part of the new plan.

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Sunrise beats Swisscom on mobile network coverage

2016-12-03

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2016-12-03

Sunrise Network Performance
After seven years on top, Swisscom has been beaten by Sunrise. The German telecommunications expert and magazine publisher, connect.de and its partner P3, travelled roughly 7,000 km by car around Switzerland testing Swiss mobile networks. Tests were also made while walking and on trains. The results were published on Tuesday.

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Swiss stock market awaits result of Italian referendum

2016-12-02

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2016-12-02

SMI vs. MSCI World Week, December 02
Investors appear to be staying on the sidelines this week ahead of the weekend’s Italian referendum. Swiss stocks are set to finish the week lower, underperforming global equities as food giant Nestle and pharmaceutical heavyweights Roche and Novartis drag the index down. It’s been a volatile trading week across financial markets. Oil prices jumped almost 9% on Wednesday after OPEC members finally agreed a deal to cut production while upbeat US...

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Switzerland tops talent table despite high cost of living

2016-11-30

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2016-11-30

Swiss dog
Switzerland retains its number one spot in IMD‘s most recent 2016 World Talent Report. Unlike the other 60 nations in the study, which have seen their performance gyrate, a plot of Switzerland’s rank over the last ten years is a perfectly straight line. First ten years in a row.

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Swiss banks taking more risks to compensate for record-low interest rates

2016-11-28

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2016-11-28

Swiss Bank Risk
Swiss banks focused on property lending are taking more risks to compensate for the impact of record-low interest rates, increasing the threat of a real-estate bubble, Swiss National Bank Vice President Fritz Zurbruegg said.

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Swiss stocks down as the US dollar hits decade high

2016-11-25

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2016-11-25

SMI vs. MSCI World Week November 25
Swiss pharmaceutical and luxury goods giants pulled the Swiss Market Index (SMI) down again this week as investors dropped large cap firms. Global stocks however continued to rise, along with energy prices, on the promise of Trump’s reflationary administration. The US dollar headed further up, reaching decade highs.

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Steep price increases for Swiss Rail passengers despite deflation

2016-11-25

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2016-11-25

New Swiss Rail Uniforms
Today, Swiss Rail announced big price increases on some tickets and passes. The new prices will apply from 11 December 20161. According to the Swiss government consumer price index, average prices declined by 2.1% between October 2010 and October 20162.

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Shuttered Geneva offices show impact of lost banking secrecy

2016-11-24

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2016-11-24

Three years after Lloyds Banking Group Plc sold its private bank in Geneva, the only signs of life at the now-empty building are piles of cigarette butts and nutshells lying on its dirty window ledges. The riverside offices at Place de Bel-Air are a short walk away from the remaining private banks, hedge-fund managers and luxury-goods stores in the heart of the Swiss city. The locked entrance, where millionaire clients used to come and go, is a...

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Swiss watch exports have biggest monthly drop in seven years

2016-11-23

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2016-11-23

Swiss Watch
Shipments fell to 1.68 billion francs ($1.7 billion), the Federation of the Swiss Watch Industry said in a statement Tuesday. The decline was much greater than expected and was made worse because October was the weakest month of last year, according to Zuzanna Pusz, an analyst at Berenberg.

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Switzerland risks power independence as nuclear vote looms

2016-11-23

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2016-11-23

Liebstadt Nuclear Power Station
The nation faces losing a third of domestic supplies and becoming a net buyer of power if it opts to start closing its five nuclear plants as early as next year. The Swiss will vote on Sunday and the anti-nuclear proposal has a slender lead in opinion polls.

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Swiss are the world’s wealthiest, says report

2016-11-22

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2016-11-22

Swiss Wealth
According to a recent report by the bank Credit Suisse, the Swiss are worth more on average than the residents of any other nation. The bank’s annual Global Wealth Report calculates average net worth per Swiss adult to be US$ 561,900 (CHF 567,500). Switzerland’s combined personal wealth of US$ 3.5 trillion represents 1.4% of the global total, while the nation’s population represents 0.1% of the global total.

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How is success measured in M&A deals?

2016-11-21

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Christian Hess (Investec Bank plc) discusses the success of M&A deals.

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Geneva unveils big tax changes

2016-11-18

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2016-11-18

Geneva-tax-reform
After nearly ten years of European Union opposition to preferential company tax deals, Switzerland’s government agreed in 2014 to do away with such arrangements. Under current rules Swiss cantons can offer preferential tax rates to certain companies, mostly multinationals with most of their activity abroad. In Geneva, these special rates mean certain companies pay tax at a rate of 11.7%, while all others must pay 24.2%.

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SMI up on post Trump rally

2016-11-18

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2016-11-18

SMI vs. MSCI World
Swiss stocks continued to rise this week, in line with other global stocks thanks to a strong performance from financials which gained as investors weighted the prospects of higher interest rates in the US.

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China fines Swiss-based packager Tetra Pak for breaking monopoly rules

2016-11-18

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2016-11-18

Tetra Pak fine China
According to Reuters, following an investigation, China’s State Administration for Industry and Commerce (SAIC) said, it found out that Tetra Pak violated some provisions in China’s anti-trust law and will impose a fine of 668 million yuan ($97 million) on Tetra Pak for “abuse of dominant market position”.

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