Category Archive: 3) Swiss Markets and News

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Swiss firms give over CHF5 million a year to parties and candidates

Switzerland’s biggest firms – mainly banks, pharmaceutical firms and insurance companies - donate at least CHF5 million ($5 million) a year to political parties and candidates, a survey has revealed. The poll of 140 companies by Swiss public radio RTS, published on Tuesday, found that one in five firms donate regularly to political parties or politicians, to the tune of CHF5 million annually.

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Switzerland’s top UN diplomat in New York

When Antonio Guterres was elected United Nations Secretary General in 2016, some criticized the decision because they thought a woman should finally be at the helm of the international organisation. To his credit, Guterres has filled many of the UN’s top posts with women including Mirjana Spoljaric – Switzerland’s top ranking UN diplomat in New York.

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Switzerland shares details of 3.1 million bank accounts held by foreigners

In its second-ever data sharing exercise as part of a global automatic exchange of information (AEOI) treaty, Switzerland shared financial account information with 63 partner countries. On Monday, the Swiss Federal Tax Authority revealed that it had provided details of around 3.1 million bank accounts held by foreigners to the countries of their origin.

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‘A Swiss should run Credit Suisse’ ex-CS head tells newspaper

In an interview with the newspaper NZZ am Sonntag, former Credit Suisse CEO Oswald Grübel has criticized the large Swiss bank for its handling of the current crisis. By maintaining that CEO Tidjane Thiam was unaware of the spying affair, the bank is harming the Swiss financial sector, Grübel said in an interview published on Sunday.

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Foreign currency payments | UBS

Send money and pay bills in over 120 foreign currencies, with no need for an additional account. Benefit from attractive exchange rates and uniform transaction fees with no additional costs: https://www.ubs.com/ch/en/private/accounts-and-cards/accounts/payments/foreign-currency-payments.html

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Paiements dans une monnaie étrangère | UBS

Envoyez de l’argent ou payez vos factures dans plus de 120 monnaies étrangères – sans compte supplémentaire. Profitez de taux de conversion avantageux et de prix de transaction uniformes, sans aucun frais supplémentaire: https://www.ubs.com/ch/fr/private/accounts-and-cards/accounts/payments/foreign-currency-payments.html

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Pagamenti in moneta estera | UBS

Inviate denaro o pagate le fatture in più di 120 monete estere, senza la necessità di un conto aggiuntivo. Beneficiate di tassi di cambio interessanti e di prezzi delle transazioni uniformi. Senza costi aggiuntivi: https://www.ubs.com/ch/it/private/accounts-and-cards/accounts/payments/foreign-currency-payments.html

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Zahlungen in Fremdwährung | UBS

Senden Sie Geld oder bezahlen Sie Rechnungen in über 120 Fremdwährungen – ohne zusätzliches Konto. Profitieren Sie von attraktiven Umrechnungskursen und einheitlichen Transaktionspreisen. Es entstehen keine weiteren Kosten: https://www.ubs.com/ch/de/private/accounts-and-cards/accounts/payments/foreign-currency-payments.html

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Vaud’s 2020 budget – higher spending, higher taxes

The Swiss canton of Vaud has managed to balance its 2020 budget with a small surplus of 76,000 francs. This is the 14th time in row that the canton’s budget has been in the black. At the same time planned spending is up by 2.43%, well ahead of Swiss inflation – prices were lower in September 2019 than they were in September 2018.

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Hackers attack Swiss consumer protection agency

Hackers successfully attacked the website of the Swiss Consumer Protection Foundation last month, placing links to fake stores within the agency’s online shopping pages. The hack was detected within two hours and the malicious links were removed, said the foundation, which regularly warns consumers about online fraud.

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EU to remove Switzerland from tax haven lists

European Union finance ministers are set to remove Switzerland and the United Arab Emirates (UAE) from the bloc’s lists of countries deemed to act as tax havens, an EU document said. On October 10 they are expected to remove Switzerland from the grey list that includes countries that have committed to change their tax rules to make them compliant with EU standards.

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Novartis and Microsoft to develop drugs using AI

Swiss pharmaceutical firm Novartis and computer giant Microsoft have signed a five-year partnership deal aimed at transforming the Basel-based pharma’s business - from finance to manufacturing - using artificial intelligence.

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Remo Rosenau: «Man soll nun qualitativ hochstehende Aktien halten»

Defensiv oder zyklisch anlegen? Für Remo Rosenau ist die Richtung des Aktienmarktes nicht eindeutig. Im cash-Börsen-Talk gibt der Chefanalyst der Helvetischen Bank aber Tipps zum Stock Picking für die nächsten Monate.

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Remo Rosenau: «Man soll nun qualitativ hochstehende Aktien halten»

Defensiv oder zyklisch anlegen? Für Remo Rosenau ist die Richtung des Aktienmarktes nicht eindeutig. Im cash-Börsen-Talk gibt der Chefanalyst der Helvetischen Bank aber Tipps zum Stock Picking für die nächsten Monate.

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Fête des Vignerons seeks millions to fill financial hole

The organisers of the Fête des Vignerons – a traditional winegrowers’ festival in the Swiss lakeside town of Vevey – is scrambling to cover its multi-million-franc deficit for 2019. The local winegrowers’ guild behind the once-in-a-generation private festival, which started in the 17th century, reported a CHF15 million ($14.9 million) loss for the 2019 edition on Tuesday.

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Börsen-Talk vom 06. September 2019

Gérard Piasko zum aktuellen Börsengeschehen. Link to the full project: http://media10.simplex.tv/content/4357/4375/125268/

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Börsen-Talk vom 06. September 2019

Gérard Piasko zum aktuellen Börsengeschehen. Link to the full project: http://media10.simplex.tv/content/4357/4375/125268/

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Credit Suisse braced for ‘spygate’ reputational fallout

The usually discrete world of Swiss private banking has been shaken by spying revelations at Credit Suisse, the country’s second largest wealth manager. Chairman Urs Rohner has acknowledged that the sordid affair has damaged the reputation of the bank and the Swiss financial centre.

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Credit Suisse COO resigns over spying scandal

Credit Suisse Group Chief Operating Officer Pierre-Olivier Bouee has resigned following a spying scandal that has rocked Switzerland’s financial circles and which the lender said caused severe reputational damage to the bank. Bouee, a long-time associate of Chief Executive Officer Tidjane Thiam, assumed responsibility for the surveillance of former Credit Suisse executive Iqbal Khan along with the bank’s head of security.

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Investec Rhino Lifeline | Going The Extra Mile to building trust & conserve wildlife

Investec sponsored #TheExtraMile trail run raised over R220 000 to uplift the communities around the Kruger National Park. Because #RhinoLifeLine and More Community Trust recognize that rhino conservation isn’t possible without building an inclusive wildlife economy. Find out more: https://invest.ec/2nhm92G

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