Brought to you by Investec Switzerland. Glencore Plc shareholders showing up for the miner’s annual meeting on Thursday can take comfort in the stock’s best ever start to a year. Less so the loss of about half the company’s value since they met 12 months ago and more than 70 percent since a $10 billion […]
Archives for May 2016
Julius Baer says new money short of target in first four months
Brought to you by Investec Switzerland. Julius Baer Group Ltd. said net new money from clients amounted to less than 3 percent of managed assets in the first four months of the year, missing its target. Clients in eastern Europe and Latin American showed “slow momentum,” while customers in Asia reduced borrowings and wealthy French […]
Swiss vote on designer baby controversy
The Swiss Evangelical People’s Party (EVP/PEV) has launched an initiative to counter the law on reproductive medicine, which allows all embryos fertilised outside the uterus (in-vitro) to be genetically tested. Under the law, the use of preimplantation genetic diagnosis (PGD) on foetuses in-vitro is possible for carriers of genetically inherited disorders and for patients undergoing regular fertility treatment […]
Swiss stocks higher on positive earnings releases and brighter inflation signals
13 May 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. Swiss stocks are set to close higher this week, outperforming global equities on positive earnings releases and brighter inflation signals. Stock markets around experienced a mixed week as investors weighed Federal Reserve rate hike expectations against gloomy economic data out of the […]
Free legal advice for asylum seekers. Naive or sensible?
With amendments to asylum law, the Swiss government aims to speed up the asylum process, cut costs and ensure a fairer process for asylum seekers. Current asylum claims can last up to 400 days. The revision sets to cap this at a maximum of 100 days and 140 days in exceptional cases. During this period, asylum […]
Film: Woody Allen at his best – tinsel town in the 1930s
13 May 2016. CAFE SOCIETY **** Is there a yearning in the corner of Woody Allen’s heart? In fact, don’t we all have a secret longing buried deep in our hearts? That’s the magic of Woody’s genius, when he gets it just right. He touches our emotions, connecting with each of us, with a lightness, […]
Zurich Insurance shares up sharply after beating estimates
Brought to you by Investec Switzerland. Shares of Zurich Insurance Group AG headed for the biggest gain in more than four years after Switzerland’s biggest insurer posted a first-quarter profit that beat analyst expectations. The stock rose as much as 5.6 percent, and was trading 5.4 percent higher at 228 francs as of 11:24 a.m. […]
Swiss architect takes client to court to stop home alteration
24 Heures. In 2011, the owners of a home designed by EPFL trained Swiss architect Vincent Mangeat, decided to make some alterations. The modernist masterpiece has a large open terrace at the front, and the owners decided to close the opening to keep out the weather and reduce noise from the nearby road. The proposed change drawn up by another […]
Fraudsters use foreign coins to steal from Geneva’s transport operator
20 Minutes. Since the beginning of the year fraudsters armed with foreign coins have stolen CHF 38,000 francs from TPG, Geneva’s public transport operator, a problem that has been increasing this year. TPG ticket machines cannot tell the difference and think they are swallowing five franc coins. Instead, when converted, they are only receiving a […]
Grim numbers show dramatic changes required to Swiss pension system
The Swiss statistics office has just published some striking numbers. The number of retirees as a percentage of those of working age is expected to rise by 66% over the next 30 years across all of Switzerland. Known as the dependency ratio(1), this percentage will more than double in three Swiss cantons: Uri, Schwytz and Obwalden. In […]