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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IMF praises Switzerland’s economic response to the pandemic

2021-04-10

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2021-04-10

According to the International Monetary Fund (IMF), Switzerland has economically navigated the Covid-19 pandemic well so far. In 2020, the Swiss economy shrank by 2.9%, far less than many other advanced European economies. France (-8.2%), Germany (-4.9%), Italy (-8.9%) and the UK (-9.9%) all performed far worse.

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“They’re Just Chasing” – The Fed Has Put Distressed Investors Out Of Business… Again

2021-04-10

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2021-04-10

"People aren’t investing, they’re just chasing." That is the ominous, ponzi-like warning from Adam Cohen, Caspian Capital’s managing partner as the distressed debt investor has chosen to return some money to investors because the rewards don't justify the high risks anymore.

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France asks Switzerland for help with Covid patients

2021-04-09

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2021-04-09

The French region of Bourgogne-Franche Comté has contacted several Swiss cantons and asked them if they would take Covid patients, according to RTS. Jacques Gerber, the minister of health in the canton of Jura told RTS that there had been a request from France to prepare in case French hospitals become overloaded.

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Results of the Annual General Meeting 2021 of UBS Group AG

2021-04-09

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2021-04-09

Shareholders confirmed the re-election of the Chairman and the members of the Board of Directors. They elected Claudia Böckstiegel and Patrick Firmenich as new members of the Board. Shareholders approved a dividend distribution of USD 0.37 (gross) in cash per share. They also approved the new share buyback program 2021–2024.

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All electric pledge by Swiss car-sharing firm

2021-04-08

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2021-04-08

Car-sharing company Mobility says it will electrify its entire fleet of 3,000 vehicles and build a network of e-charging stations by 2030.

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Can Credit Suisse Avoid Becoming The ‘Deutsche Bank’ Of Switzerland?

2021-04-08

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2021-04-08

“And the future is certain, give us time to work it out…”Markets were shaken but unstirred by the collapse of Greensill and the Archegos unwind trades. Credit Suisse is the ultimate loser of the two scandals – reputationally damaged and holed below the water line.  The bank is paying the price of years of flawed management, poor risk awareness. and its self-belief it was still a Tier 1 global player.

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Credit Suisse Dumping Huge Archegos Blocks; Liquidating Millions In VIACS, VIPS And FTCH

2021-04-06

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2021-04-06

Block Portfolio Launching
Literally moments ago we said that the Archegos portoflio was being sold off all day on fears of "stealth" prime broker deleveraging, as tens of millions of shares were yet to be accounted for.

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Electric cars – how much cleaner are they?

2021-04-05

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Are electric vehicles really more eco-friendly than other types of cars? The Swiss TV consumer magazine ‘Kassensturz’ used a new climate calculator to find the answers, comparing the carbon footprints of electric cars with those of other types over the entire lifespan of the vehicles. The tool was developed by the Touring Club Switzerland (TCS) automobile association.--- swissinfo.ch is the international branch of the Swiss Broadcasting...

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Switzerland asks EU for exception to vaccine export rules

2021-04-05

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2021-04-05

As of this week, Switzerland can no longer import Covid vaccines from the European Union (EU) without a special license. Officials in Bern have asked to be granted an exception to the stricter conditions.

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Swiss firms hold out hopes in US infrastructure upgrade

2021-04-04

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2021-04-04

US President Joe Biden’s major infrastructure plan is raising high hopes for Swiss firms in the construction and building industry. Although first contracts are expected to go to local firms, experts believe Swiss firms could score opportunities thanks to their specialisation and presence in the US market.

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Nestlé attacks food benefits of Brazilian workers during the pandemic

2021-04-03

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2021-04-03

The Swiss multinational is celebrating 100 years in Brazil but its poorest workers face food voucher cuts amid rising food prices caused by the pandemic. After a century of doing business in Brazil – Nestlé’s fifth largest market with CHF2.79 billion ($2.94 billion) in sales in 2020 – the Swiss food manufacturer faces the discontent of trade unions in the South American country. 

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Another Wirecard? Invoices Backing Greensill-Issued Bonds Never Existed, Administrator Finds

2021-04-02

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2021-04-02

As the collapse of Greensill Capital threatens to ensnare former PM David Cameron in a humiliating public probe, the Financial Times on Thursday reported some disturbing new details that appear to suggest Greensill wasn't merely reckless, but potentially guilty of a Wirecard-style fraud.

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Switzerland and ILO sign agreement on development cooperation

2021-04-02

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2021-04-02

Economics Minister Guy Parmelin and the Director-General of the International Labour Organization (ILO), Guy Ryder, have concluded an agreement on development cooperation. Parmelin, who holds the rotating Swiss presidency this year, also announced that Switzerland had joined a global platform to combat child labour, forced labour and human trafficking, the government said on Thursday.

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Private sector joins government to protect ‘Swissness’ abroad

2021-04-01

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2021-04-01

Major industry associations have joined forces with public agencies to combat free-riders who abuse the “Swiss brand” abroad. The association for Swissness enforcement is intended to foster coordinated action against the wrongful use abroad of Swiss indications of source.

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The Swiss textile machinery industry has a China dilemma

2021-03-31

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2021-03-31

Amid allegations of forced labour involving Uyghur and other minorities in the garment supply chain, the Swiss textile machinery sector faces thorny questions about its ties to and reliance on China. In 2014, the same year the Swiss-China free trade deal went into force, a group of industry colleagues including a representative of the Swiss firm Uster Technologies visitedExternal link cotton gins and spinning mills in Xinjiang, Western China.

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Electric cars are on the way, but is Switzerland ready?

2021-03-30

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2021-03-30

Last year saw a surge in new electric vehicle (EV) sales worldwide and Switzerland was no exception. But the experience of frontrunner countries like Norway shows that some things will have to change if the Swiss electric car revolution is to keep pace in the years ahead and reduce carbon emissions.

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Credit Suisse and Nomura warn of losses after Archegos-linked sell-off

2021-03-30

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2021-03-30

Credit Suisse and Nomura have warned of large losses after a fire sale of about $20bn of Chinese and US stocks, as their client Archegos Capital Management was forced into a huge unwinding of assets.

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Credit Suisse warns of ‘highly significant’ loss linked to hedge fund

2021-03-29

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2021-03-29

The Swiss bank Credit Suisse says it may face a “highly significant” loss in the first quarter due to an unnamed American hedge fund client defaulting on margin calls. In a statement issued on Monday, the bank said: “While at this time it is premature to quantify the exact size of the loss resulting from this exit, it could be highly significant and material to our first quarter results”.

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Covid-19: Can Swiss artists survive on current support measures?

2021-03-29

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2021-03-29

The Covid-19 pandemic has taken a heavy toll on the Swiss arts scene. Support measures have been introduced to “preserve cultural diversity” and some cantons have even launched monthly income support schemes for artists. But will these measures be enough?

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Mobile Banking personalisieren

2021-03-26

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► Mobile Banking personalisieren ► UBS E-Banking ► https://www.ubs.com/ch/de.html ► UBS Schweiz – Ihre Bank – seit über 150 Jahren. Wir zeigen Ihnen in diesem Video, wie Sie Mobile Banking ganz einfach personalisieren und Ihren Bedürfnissen anpassen können. ► Mehr rund um das Thema Mobile Banking finden Sie hier: https://www.ubs.com/ch/de/private/digital-banking/private/mobile-banking.html ► Abonnieren Sie UBS Schweiz:...

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