Brought to you by Investec Switzerland. European shares declined for a sixth day as investors fretted over global growth prospects. For European investors trying to assess just how bad sentiment is right now, consider this: the last time stocks were this low, the region had just suffered its longest-ever recession and corporate profits were about […]
What could the Chinese year of the fire monkey bring to Switzerland?
Every year in the Chinese lunar calendar is associated with one of 12 animals combined with one of five elements: metal (gold), earth, water, wood or fire. This year is the year of the fire monkey and celebrations to mark the new year take place on 8 February 2016. Fire monkeys have large personalities but are prone to irritability. […]
Swiss stocks slump on disappointing earnings and gloomy economic outlook
5 February 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. The SMI is set to underperform global markets this week after stocks lost ground on disappointing earnings reports and gloomy economic data releases. Stock markets around the world are also set to finish the week mostly lower as the fluctuating oil […]
Credit Suisse surprises market with large loss
Brought to you by Investec Switzerland. Last October, Credit Suisse Group AG Chief Executive Officer Tidjane Thiam called two of his bank’s businesses the “ugly ducklings that no one likes.” He’s just been reminded why. The Zurich-based lender’s units that trade corporate bonds and securitized products contributed about $500 million in so- called mark-to-market losses […]
Swiss approach to preventing Cologne-like sex attacks ahead of carnival
Ahead of the Luzern carnival, which runs from 4 to 9 February 2016, the canton has produced a six page flyer featuring pictograms, covering subjects such as gender equality, religious tolerance, democracy, rule of law and rules around social interaction. The Swissinfo video below explains that the flyer is intended to inform foreigners about western behavioural norms […]
Switzerland welcomes Chinese investment in largest-ever deal
Brought to you by Investec Switzerland. Switzerland is welcoming ChemChina’s $43 billion takeover of Syngenta SA, the Alpine nation’s biggest-ever deal, with open arms. The only continental European country to strike a free-trade agreement with China, Switzerland has long been an attractive hunting ground for companies from the Asian giant. Unlike the U.S., which has […]
Swiss vote: the pros and cons of a new Alpine road tunnel
It is voting season again in Switzerland. On the Sunday 28 February 2016 Swiss citizens get to vote on four proposals. The first is to decide whether to build a second Gotthard road tunnel or not. The current Gotthard road tunnel runs nearly 17km under around one kilometre of Alpine rock from Göschenen in the German-speaking […]
Why Switzerland was ranked the most economically free nation in Europe
Switzerland was placed fourth globally in the 2016 Economic Freedom index published by the Heritage Foundation on Monday. One of only five countries declared economically free, Switzerland ranked top in Europe and was the only country in the top five not to lose any ground. In fact it improved by half a point. 178 countries were […]
The military weapons left on Swiss public transport
24 Heures. A recent ASMZ article in the Swiss military officers’ magazine revealed the number of military firearms left on Swiss public transport. In the first nine months of last year 18 firearms were recovered by public transport staff, noted the interim commander of the military police Christophe Schalbetter in his annual report. Chantal Galladé, a […]
Winter set to return to Switzerland. Again.
Tribune de Genève. After very mild winter temperatures, snow returns to Switzerland from Thursday. According to Meteo Swiss, a westerly air current is currently blowing warm spring air over Switzerland. On Sunday temperatures between 12 and 17 degrees were recorded north of the Alps. Temperatures were especially high for the season in Central Switzerland. Giswil […]
