Category Archive: 3) Swiss Markets and News

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Swiss Government stays mum on EU Negotiations Strategy

The seven-member Federal Council has refused to reveal its position on future negotiations with the European Union over CHF1 billion (little over $1 billion) in voluntary ‘cohesion’ payments destined for central and eastern European countries.

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Swiss HSBC settles French tax fraud dispute

With a payment of €300 million (CHF350 million), the Swiss subsidiary of British bank HSBC has settled its tax fraud dispute with the French authorities. Investigations by the French government revealed that many French taxpayers had hidden their assets with help from HSBC’s private bank.

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Manufacturing returning to Switzerland thanks to automation

Exactly how machines replacing human labour will affect the future job market remains unknown. But manufacturing making a comeback in Switzerland is one unexpected and welcome consequence. (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 a Swiss perspective on international events. …

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Switzerland asked to aid Mauritian inquiry into Basel-based Dufry

Switzerland’s federal prosecutor’s office is handling a request for mutual assistance in an investigation involving the Basel-based duty-free group Dufry. The request was sent by the government of Mauritius, which according to reports in two Swiss newspapers is looking into the details of an exclusive agreement reached between Dufry and two Mauritian airports.

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Swiss Top Global Wealth Ranking

The average fortune of a Swiss adult is $537,600 (CHF528,000), according to the 2017 Credit Suisse Global Wealth Report. Switzerland continues to top the Credit Suisse global list for wealth per adult, followed by Australia ($402,600), the United States ($388,600) and New Zealand ($337,400).

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Tamil street food, all chopped up

Tama Vakeesan was born in Switzerland to Tamil parents from Sri Lanka. This week, she meets up with Thileeban, who talks about his difficult start to life here in Switzerland. These days, apart from selling Sri Lankan street food, he’s also involved in film production. (SRF Kulturplatz/swissinfo.ch) — swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). …

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Why Tama’s role models are all women

Tama Vakeesan was born in Switzerland to Tamil parents from Sri Lanka. Her role models are all female: singers, stand-up comedians,YouTubers and Disney characters. Here’s why she thinks they’re heroes. (SRF Kulturplatz/swissinfo.ch)  — swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective …

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The grassroots fight for biodiversity

The spread of non-native plant species is one of the greatest threats to Switzerland’s biodiversity. In a pilot project, the Canton of Zurich is coordinating the fight against the 20 most invasive plants over a wide stretch of Reppischtal. (SRF/swissinfo.ch) — swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to …

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Saudi Billionaires Scramble To Move Cash Offshore, Escape Asset Freeze

Over the weekend, Saudi King Salman shocked the world by abruptly announcing the arrests of 11 senior princes and some 38 ministers, including Prince Al-Waleed bin Talal, the world’s sixty-first richest man and the largest shareholder in Citi, News Corp. and Twitter.

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Credit Suisse Fined $135 million for Malpractices

Credit Suisse bank has been ordered to pay a fine of $135 million (CHF134.5 million) to the US authorities after an enquiry into the Swiss bank’s practices in setting foreign exchange rates. The figure was reached in a consultation between both parties.

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Swiss justice minister calls for commodities crackdown

Following revelations in the so-called “Paradise Papers” of questionable deals done by Swiss-based commodities companies in Africa, Switzerland’s justice minister has said that the country – historically hands-off in regulating the sector – needs new legislation to force those companies to play by the rules.

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How Switzerland is affected by female circumcision

What is female circumcision and how much of a problem is it in Switzerland? Nouvo brings you short videos about Switzerland, Swiss current affairs and the wider world. Keep up to date and watch the videos wherever you are, whenever you like. — swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its …

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Switzerland Less Attractive to European Migrants

Fewer people are moving to Switzerland from elsewhere in Europe. Between January and September this year, immigration from European Union states was down by 26%, compared to the same period last year. (RTS/swissinfo.chexternal link)

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Investec’s 2017 Annual Secondaries Conference: key takeaways

Interesting debate and insightful views engendered a spirit of innovation and a deeper understanding of the role of innovation in the secondaries market. Listen to what our experts and clients had to say about our recent conference.

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The role of debt in the secondaries market

Innovation will play a key role as the market continues to develop and mature. Hear our experts’ thoughts on the role of debt in that innovation.

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How is the secondaries market evolving?

Listen to our experts’ thoughts on how the secondaries market has evolved to include more bespoke, specialist financing solutions, with deals growing in complexity.

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Reviewing leverage in the secondaries market

Leverage is an important part of the toolset for secondaries, but isn’t appropriate in every circumstance. Our experts explain why.

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The importance of innovation in the secondaries market

Our experts talk about the role of competition and how innovation has shaped the way deals are structured, ensuring they drive both value and the right risk-reward balance.

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Stories making the Swiss Sunday papers

The following stories were reported in Switzerland’s Sunday press on November 12, 2017. A major South American rail deal. The SonntagsBlick newspaper reports that Bolivian President Evo Morales will head to Switzerland on December 14 to sign a memorandum of understanding with Swiss Transport Minister Doris Leuthard over a massive South American rail transport project.

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One in five Swiss avoids visiting doctor due to costs

Just over 20% of Swiss residents decided not to see a doctor last year for medical treatment due to the high costs, according to a new report. This is one of the findings of the Health at a Glance 2017 reportexternal link published by the Organisation for Economic Co-operation and Development (OECD) on Friday. The share of the population foregoing a doctor’s consultation due to cost in 2016 was highest in Poland (33% of the population) followed by...

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