Last Friday, the federal Swiss tax office published the latest statistics covering the wealth and earnings of the nation’s more than 5 million tax payers – Switzerland has wealth tax, so net worth is included in tax returns. The highest percentage of the very wealthiest (CHF 10 million plus) lived in Schwyz. Geneva also made […]
SMI: Trump win boosts pharma and financials
11 November 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. A rally in pharmaceutical and banking shares helped boost the Swiss Market Index this week as investors weighed the prospect of a Trump’ presidency in the United States. Stocks in the healthcare sector jumped after Donald Trump’s victory as drug pricing […]
Swiss National Bank agrees to pay out 1 billion francs annually
Brought to you by Investec Switzerland. Today, the Swiss National Bank (SNB) announced a new agreement with the Federal Department of Finance, to pay the Swiss confederation and cantons CHF 1 billion per year, as was previously the case. The deal will run from 2016 to 2020, according to an official press release. The deal […]
European break up now looks more likely, says Blond
Brought to you by Investec Switzerland. If there’s one country with reason to resent the rise of populist movements, it’s Switzerland. Twenty-two months after it abandoned its 1.20-per-euro exchange-rate cap, the Swiss National Bank still finds the franc in focus every time there’s a major event that threatens to upset markets. Donald Trump’s ascendancy to […]
How Switzerland came top of the 2016 young worker’s index
Where you are born makes a big difference to the chances of getting a job when you leave school. In 2015, youth unemployment rates in some OECD countries such as Greece (49.8%), Spain (48.3%) and Italy (40.3%) were all close to 50%. In others such as Germany (7.2%), Austria (10.6%) and Switzerland (8.6%), youth unemployment was […]
Swiss government opposes initiative to transform monetary system
Brought to you by Investec Switzerland. The Swiss government urged rejection of a popular initiative that would transform the monetary system and end fractional-reserve banking, according to its dispatch to Parliament. The measure seeks to put the central bank solely in charge of money supply and forbid commercial banks from granting loans that aren’t fully […]
Europe stocks split on Trump win with pharma gaining
Brought to you by Investec Switzerland. While the bearish sentiment that engulfed European equities in recent weeks is being vindicated, health-care stocks are easing the pain. The region’s largest industry group headed for its biggest jump in more than 14 months, tempering losses for equity benchmarks after Donald Trump won the race to govern the […]
TAG Heuer invades Apple’s turf with Silicon Valley office
Brought to you by Investec Switzerland. TAG Heuer is opening an office in Silicon Valley, marking the first time a big Swiss watchmaker has expanded into the cradle of the U.S. technology sector and cementing its smartwatch alliance with Google and Intel Corp. The office, which opened Nov. 1 and is located on Intel’s campus […]
SMI down as investors eye the US election
4 November 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. The SMI is set to finish the week notably lower as investors continue to dump equities amid worries about the implications of next week’s US election, the trajectory of interest rates and mixed corporate earnings. Until a week ago the market […]
Brexit is making it too expensive to go skiing in Alps
Brought to you by Investec Switzerland. The promise of snow across the Alps this weekend won’t be enough to lift the gloom at some of Europe’s top ski resorts as the pound’s post-Brexit slide dents British bookings. Jon Fricker, a property developer in Beaconsfield, west of London, said some of his friends would probably back […]
