Tag Archive: newsletter

Swiss parliament vote on UBS capital rules postponed

2026-09-17

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2026-09-17

The Swiss Senate has not yet taken any decisions on the future capital requirement rules for systemically important large banks with foreign holdings. Due to time constraints, it was unable to conclude its deliberations on the bill on Thursday. The debate will continue next week. The regulation, which would currently affect, in practice, only the …

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US Rates Steady after Yesterday’s Surge and the Greenback Consolidates

2026-09-17

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2026-09-17

The initial reaction to the Federal Reserve rate hike was to take US rates and the dollar higher, even though the hike was well anticipated.  In addition to the dots, which showed 16 officials see another hike as likely being appropriate this year compared with six in June, Chair Warsh’s characterization of the hike as …

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Another Hike By Year End And No Cuts On The Horizon

2026-09-17

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2026-09-17

The Fed hiked by 25 basis points and alluded to another hike, as the market expected and as we surmised in our prior Commentary. The more important takeaway from yesterday's FOMC meeting is what comes next. In the prior Commentary, we pointed out three things to watch: the Summary of Economic Projections (SEP), the balance … Continue...

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Swiss Senate rejects tax on short-haul flights

2026-09-17

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2026-09-17

The Swiss Senate does not want a tax on short-haul flights. On Wednesday, it voted 20 to 17 against taking forward an initiative from the canton of Basel-City to that effect. While temperatures soared this summer, the country’s airports also reported record passenger numbers in July, noted parliamentarian Maya Graf from the Green party. She …

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US judge dismisses oil trader’s Swiss smears complaint

2026-09-17

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2026-09-17

The United Arab Emirates won dismissal of a lawsuit by an oil trader who alleged the state directed a smear campaign that pushed his company into bankruptcy. The lawsuit, filed in January 2024 by oil trader Hazim Nada, claimed that his company, Lord Energy, was targeted by a misinformation campaign orchestrated by Swiss private investigative …

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Switzerland raises economic growth forecast significantly

2026-09-17

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2026-09-17

According to the federal government’s economists, the Swiss economy is likely to perform significantly better than previously expected. They are therefore raising their forecast substantially. The federal government’s expert group has revised its forecast for 2026 to predict growth in real gross domestic product (GDP, adjusted for sporting events) of 1.7%, up from the previous …

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Deutsche Bank Set to Launch Digital Asset Custody in Europe

2026-09-17

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2026-09-17

Deutsche Bank plans to launch a digital asset custody service for institutional and corporate clients in Europe this year, subject to regulatory approval. Clients will be able to safeguard digital assets and transfer them to third parties, with Deutsche Bank managing the underlying wallets and private keys on their behalf. At launch, the bank will support Bitcoin, Ether and selected stablecoins and e-money tokens, including USDC, EURC and EURAU....

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Switzerland’s top trade negotiator resigns

2026-09-17

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2026-09-17

State Secretary for Economic Affairs Helene Budliger Artieda has announced she will be stepping down from her post at the end of March 2027. The director of the Swiss State Secretariat for Economic Affairs (SECO) intends to take on a new professional challenge, the Federal Department of Economic Affairs, Education and Research (DEFR) announced on …

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Swiss petrol prices reach a new yearly high

2026-09-16

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2026-09-16

Fuel prices at Swiss petrol stations are continuing to rise unabated. The price per litre at the pumps has reached a new high this year. According to the latest figures from Touring Club Switzerland, the average price for a litre of unleaded 95 petrol across Switzerland is currently CHF2.10. That is a further 5 cents … Continue reading...

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Swiss firm Stadler Rail will supply eight locomotives to Italy

2026-09-16

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2026-09-16

The Thurgau-based train manufacturer has won a contract to supply eight Eurolight Dual locomotives to Mercitalia Shunting & Terminal, a subsidiary of FS Logistix, a company within the Ferrovie dello Stato group operating in the logistics sector. The aim is to improve the efficiency, flexibility and sustainability of services on the national rail network, the …

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Swiss passenger rail traffic reaches record high in 2025

2026-09-16

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2026-09-16

In 2025, rail transport volume totalled 23.7 billion passenger-kilometres, according to figures published on Wednesday by the Federal Statistical Office (FSO). In a direct year-on-year comparison, rail demand rose by 3.2% compared to 2024 (22.9 billion passenger-kilometres), representing an increase of 737 million passenger-kilometres in one year. A passenger-kilometre corresponds to the transport of one …

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Balyasny hedge fund boosts Swiss presence

2026-09-16

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2026-09-16

Balyasny Asset Management is opening a presence in the Swiss tax haven of Zug, adding to the numbers of global hedge fund roles located in the country. The Chicago-based firm with $38 billion assets under management is currently hiring for two commodities-related roles with Zug as a location option, as well as other analyst roles, …

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Swiss parliament approves Mercosur free trade deal

2026-09-16

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2026-09-16

Parliament has approved the EFTA free trade agreement with the Mercosur countries. Following the Senate, the House of Representatives has also approved a compromise under which the agricultural sector will receive half a billion Swiss francs in support. The final say is likely to rest with the people. On Wednesday, the House of Representatives approved …

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Swiss companies are not ready for AI-enabled cyberattacks

2026-09-16

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2026-09-16

According to a study, boards of directors of Swiss companies are lagging behind in the fight against cyberattacks involving artificial intelligence. Yet the rise in such attacks is exacerbating the risks, particularly for SMEs in Switzerland. Cybercriminals are making increasing use of artificial intelligence (AI). However, 74% of businesses have no explicit strategy to combat …

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Has The Bond Market Already Done The Fed’s Job?

2026-09-16

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2026-09-16

We publish this article hours before the Fed updates monetary policy at its September 16, 2026, FOMC meeting. Prior to its decision, the Fed has kept the Fed Funds rate steady even as inflation runs stubbornly above target. At the same time, longer-term bond yields have risen appreciably and, in the process, are tightening financial …

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Fed Hikes: Then What?

2026-09-16

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2026-09-16

Our title, "Fed Hikes," is a bit presumptuous, but with Fed Funds futures assigning a 90% chance of a hike this afternoon, it's likely a done deal. Instead of debating whether the Fed hikes, the more useful question for investors is: what comes next? Three things from Wednesday's FOMC meeting will likely put us in … Continue reading »

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Revolut applies for a banking licence in Switzerland

2026-09-16

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2026-09-16

The British ‘neobank’ Revolut, whose services are already used by over a million Swiss residents, is now applying for a Swiss banking licence. The online bank plans to invest more than CHF150 million in the Swiss market over the next five years. The granting of a licence by the Swiss Financial Market Supervisory Authority (FINMA) …

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Verdreifachung bis 2031: Citi sieht Ex-Bitcoin-Miner TeraWulf als Rechenzentrums-Favorit

2026-09-15

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2026-09-15

<ul> <li>Citi hebt die weltweite Wachstumsprognose für Rechenzentren bis 2031 spürbar an</li> <li>Neben Equinix zählt auch der frühere Bitcoin-Miner TeraWulf zu den Favoriten</li> <li>Genehmigungsstopps in Texas und New York bremsen kurzfristig neue Projekte</li> </ul> <!-- sh_cad_1 --><a href="/aktien/citigroup-aktie" target="_blank"...

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Switzerland must reform to keep global lead, says OECD

2026-09-15

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2026-09-15

Switzerland must embrace tax and pension reforms to preserve its status as one of the world’s top economies, the OECD said, raising its growth forecast for the country. The Paris-based organisation now anticipates expansion of 2% this year, up from 1.1% predicted in June, following a surprisingly strong performance in the second quarter. Officials cautioned …

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Swiss seed giant Syngenta ‘plans $5bn Hong Kong IPO’

2026-09-15

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2026-09-15

Syngenta has confidentially filed for a Hong Kong initial public offering, according to people familiar with the matter, as it moves ahead with a share sale that was delayed by the impact of the war in the Middle East. The Chinese-owned seed and pesticide company is considering seeking about $5 billion in the IPO, the …

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