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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Budget busting burgers – Swiss franc still the most overvalued

2018-01-23

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2018-01-23

McDonalds
The Economist has just published its January 2018 Big Mac index, a light-hearted measure of whether currencies are under or overvalued. The underlying assumption is that a Big Mac is the same whether bought in Kiev or Chur, so any price difference must be due to the exchange rate.

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Swiss fact: health insurance premiums cover only 37percent of Swiss healthcare costs

2018-01-23

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2018-01-23

Switzerland
Figures published in 2017 show that only 37% of Swiss healthcare costs were covered by basic compulsory health insurance premiums. The remaining cost was covered by the government (20%), accident and social insurance (10%), private complementary health insurance (7%), charity (1%) and out-of-pocket spending by individuals (26%).

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Swiss banks benefit from exchange rates, study finds

2018-01-23

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2018-01-23

A study of over 40 Swiss finance institutions has revealed ‘striking’ differences in exchange rates for banknotes and currencies as well as the addition of hefty mark-ups and fees. Online banking and insurance comparison service moneyland.ch examined the exchange rates for euros, dollars, pounds, Swedish krona and Thai baht over the course of their six-day analysis, the results of which were released Wednesday.

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Alois Zwinggi, Geschäftsleitungsmitglied WEF

2018-01-22

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Am Vorabend der Eröffnung des WEF 2018 steht noch immer nicht fest, ob US-Präsident Donald Trump in Davos erscheinen wird. WEF-Geschäftsleitungsmitglied Alois Zwinggi ist im Interview mit cash aber zuversichtlich.

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Swiss ski resorts struggle under the weight of snow

2018-01-22

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The Alpine village of Zermat is under siege – not from tourists, but from the snow. And several other resorts have been cut off because there’s too much of the white stuff. (SRF/swissinfo,ch) — swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide …

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Nestlé to move chocolate research from Switzerland to UK

2018-01-21

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2018-01-21

The Swiss food giant Nestlé is transfering its chocolate research centre from Broc in canton Fribourg to York in the north of England. Some 25 jobs are affected but the existing chocolate factory in the Swiss town is not threatened.

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Swiss authorities to consider blockchain supervision

2018-01-20

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2018-01-20

The federal authorities have set up a special working group to look into how to properly oversee blockchain technologies and initial coin offerings (ICO). The Swiss taskforce is set to report back by the end of 2018. The State Secretariat for International Financial Matters (SIF) announced on Thursday that it had established a blockchain/ICO working group to review the legal framework and to identify any need for action alongside the Federal Office...

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Swiss rents could fall 10%, says UBS

2018-01-19

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2018-01-19

Building
In a report published today entitled: rents losing altitude, UBS says asking rents for apartments will probably drop by up to 10% over the next three years. Competition in the rental market is getting even fiercer. By mid-2017, 2.4% of all rental apartments were vacant. This level was last exceeded in 1998, when 2.8% of rental apartments stood empty, says the bank.

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Switzerland stays attractive for companies and top earners

2018-01-18

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2018-01-18

Switzerland remains an attractive tax destination for both companies and top earners in 2017, according to a survey of major global business locations published on Wednesday. But it warned planned US tax reform will increase competition.

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Marc Steinkat, CEO Commerzbank Schweiz

2018-01-18

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Trotz einiger Aufhellungstendenzen in der Branche rechnet Marc Steinkat, CEO der Commerzbank Schweiz, mit einem weiterhin anspruchsvollen Umfeld in der Schweizer Bankenlandschaft, wie er im cash-Video-Interview sagt.

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Jobless in Switzerland need more education, say social groups

2018-01-16

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2018-01-16

Two leading Swiss organisations for social action and further education have called for big investment in training opportunities for the unemployed. At a press conference on Monday in Bern, the Swiss Conference of Social Institutions and the Swiss Federation for Further Education called on the state to invest in a schemeexternal link that they say could send 75,000 unemployed back into the job market.

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Swiss fact: nearly 50 percent of Swiss GDP comes from 4 cantons

2018-01-16

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2018-01-16

Switzerland is made up of 26 cantons – technically six are half cantons1 – each with its own distinct taxes, education system, hospitals and government. Land area varies significantly, from 37 sq/km Basel-Stadt to 7,105 sq/km Graubünden.

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Swiss franc could hit 1.22 by year end, according to economists

2018-01-15

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2018-01-15

According to Le Matin, economists at Swiss Life think the rise of the Swiss franc could be over and predict it will weaken to 1.22 to the euro by the end of the year. At the same time they point to risks that could send the currency in the opposite direction, such as the election in Italy, Brexit negotiations and uncertainty surrounding government in Germany.

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Swiss inheritance wealth doubles in last 20 years

2018-01-15

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2018-01-15

The Swiss are passing on more inheritance wealth to family, friends and other beneficiaries than ever before - the CHF63 billion ($65 billion) bequeathed in 2015 is double that of 20 years ago, according to the NZZ am Sonntag newspaper.

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Simplicity on the skyline

2018-01-15

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Swiss architects Herzog and de Meuron have visited their museum construction site in Hong Kong’s Victoria harbour for the first time. The 60,000-square-metre museum dedicated to art, design, architecture and film is scheduled for completion in 2018. (SRF/swissinfo.ch) — swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland …

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The number of people on welfare continues to rise in Switzerland

2018-01-14

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2018-01-14

Street
In 2016, around 273,000 people, 3.3% of the population, received welfare in Switzerland. The number (not the rate) was 2.9% higher than the year before and 15.7% higher than 5 years earlier when the rate was 3.0%. Rates of those receiving government aid varied significantly by canton, ranging from 0.8% in Appenzell Innerrhoden to 7.4% in Neuchâtel.

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Swiss want only five bilateral treaties under EU framework agreement

2018-01-14

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2018-01-14

According to an unpublished list that was revealed in some Swiss papers, Switzerland wants only five of around 120 bilateral treaties with the European Union to figure in a future institutional framework agreement. A reportexternal link on foreign economic policy published on Wednesday stated that an institutional framework agreement would apply to those bilateral agreements that allow access to certain areas of the European Union's (EU) internal...

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Swiss companies leaking executives abroad

2018-01-13

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2018-01-13

Multinational companies based in Switzerland are increasingly moving experienced executives abroad to run production sites in lower-cost countries, according to a jobs placement company. The trend has been blamed on regulatory uncertainty in the Swiss marketplace.

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Trump to attend WEF gathering in Davos

2018-01-12

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2018-01-12

United States President Donald Trump plans to attend the World Economic Forum (WEF) in Davos, Switzerland later this month, his spokeswoman said on Tuesday. In a statement, Sarah Huckabee Sanders, the White House press secretary, said Trump was looking forward to attending the annual gatheringexternal link of world leaders and business executives in the mountain resort in southeast Switzerland.

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Switzerland has more job vacancies than jobseekers

2018-01-12

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2018-01-12

Speaking to Tages-Anzeiger, Cornel Müller, director of marketing at x28, Switzerland’s largest job search aggregator, said there was a large jump in the number of jobs available in Switzerland compared to one year ago.

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