Brought to you by Investec Switzerland. Deep in the Swiss Alps, next to an old airstrip suitable for landing Gulfstream and Falcon jets, is a vast bunker that holds what may be one of the world’s largest stashes of gold. The entrance, protected by a guard in a bulletproof vest, is a small metal door […]
Switzerland’s best paid bosses
Le Matin. The Ethos Foundation recently published a list of Switzerland’s highest paid employees in 2015. The figures are striking and may leave some wondering what someone would do with such large sums. Ethos looks at the pay of the managers of the 204 largest companies listed on the Swiss stock exchange. Ethos‘ members are Swiss […]
Swiss stocks slump on Deutsche Bank trouble
30 September 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. The Swiss Market Index is set to finish the week notably lower, underperforming global stocks, as financial sector stocks sell off on questions over Deutsche Bank’s solvency. Global equities edged lower this week with European financials among the biggest losers after […]
Vancouver tops list of cities at risk of housing bubble. Zurich 9, Geneva 11.
Brought to you by Investec Switzerland. Natalie Obiko Pearson and Katia Dmitrieva, writing for Bloomberg, look at the UBS 2016 Global Real Estate Bubble Index report. While Switzerland’s two main cities, Zurich and Geneva, are not described as having “Bubble risk” they are in the next category: “Overvalued”. Vancouver, London and Stockholm rank as the […]
Switzerland stays most competitive nation as WEF warns on trade
Brought to you by Investec Switzerland. The World Economic Forum named Switzerland the most competitive nation for an eighth straight year as it warned less open trade was threatening economic growth globally. Switzerland was ahead of Singapore and the U.S. in the annual rankings of 138 countries, with Netherlands overtaking Germany to take the fourth […]
World markets rally as cheap money policy continues
23 September 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. The Swiss Market Index is set to finish the week notably higher, although under-performing global stocks amid optimism that central banks will continue to support equities by keeping interest rates at historic lows and providing markets with additional liquidity. Global equities […]
European mobile roaming charges to be axed. Pity the Swiss.
Yesterday the European Commission announced that EU residents should soon be able to make calls and use data without any additional charges while travelling in another EU country. Countries outside the EU, but within the European Economic Area (EEA), including Norway, Iceland, and Switzerland’s neighbour Liechtenstein, will be included in the deal. Günther H. Oettinger, […]
Julius Baer CEO says Asia revenue may excede Europe’s in 5 years
Brought to you by Investec Switzerland. Julius Baer Group Ltd. said Asia may overtake Europe as its biggest revenue-generating region, as the Swiss wealth manager steps up hiring in Hong Kong and Singapore. “In the next five years, Asia could be the biggest region for us if we grow at double-digit” rates, Chief Executive Officer […]
Swiss still the world’s wealthiest, says report
Largely due to a flood of central bank liquidity, global private financial assets have grown by 61% over the seven years since the financial crisis, almost twice the growth rate of economic output, says a report from the German Insurance giant Allianz. This has boosted the wealth of those who own shares. Those relying on interest, […]
Swiss economy slowly gains momentum but risks remain
Brought to you by Investec Switzerland. In a report published by SECO, a group of economy experts working for Switzerland’s federal government, says it anticipates an acceleration in economic growth in Switzerland from 0.8% in 2015 to 1.5% in 2016 and 1.9% in 2017. Along side this they expect unemployment to rise from 3.3% in 2015, […]
