Brought to you by Investec Switzerland. Swiss watch exports fell in August as demand weakened from Japan to the U.S., extending the industry’s slump to fourteen months. Shipments dropped 8.8 percent to 1.4 billion francs ($1.4 billion), the Federation of the Swiss Watch Industry said in a statement Tuesday. The slowdown has spread from Asia […]
Juncker eyes Swiss-specific EU immigration deal despite Brexit
Brought to you by Investec Switzerland. European Commission President Jean-Claude Juncker said he was aiming to solve a two-year-old dispute with Switzerland over immigration in a country-specific manner even in the wake of Brexit. The Swiss government has been at pains to implement restrictions on European Union newcomers decided upon in a 2014 referendum without […]
Swiss stocks drop on volatility spike
16 September 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. The Swiss Market Index is set to finish the week notably weaker along with global equity markets as fears around global monetary policy hit sentiment ahead of key meetings by the Bank of Japan and US Federal Reserve next week. The […]
Swiss central bank keeps rates on hold as Brexit fallout clouds outlook
Brought to you by Investec Switzerland. The Swiss National Bank maintained its ultra-loose negative interest-rate policy and pledged to intervene in currency markets if needed, saying the Brexit vote has clouded its view of the global economy. Switzerland’s central bank, which for years has been combating an overvalued currency, left its deposit rate at a […]
Richemont, Hermes slump as gloom deepens for luxury-goods makers
Brought to you by Investec Switzerland. The crisis in the global luxury-goods industry deepened after Hermes International SCA abandoned a long-standing forecast and Richemont predicted a profit plunge that Chairman Johann Rupert deemed unacceptable. Richemont, the maker of Cartier jewelry, said first-half operating profit will probably decline about 45 percent and warned it may have […]
Seven years of inaction on SNB rates day won’t end this week
Brought to you by Investec Switzerland. Anyone feeling let down that the European Central Bank didn’t do much last week might just want to skip the Swiss rate decision on Thursday to avoid more disappointment. While the Swiss National Bank may be infamous for some seismic policy changes in the last few years, those bombshells […]
Swiss stocks fluctuate as central bank decisions dominate the landscape
9 September 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. The Swiss Market Index, along with other European markets, fluctuated this week as central bank decisions dominated the landscape. Equity markets advanced at the beginning of the week as chances of the Federal Reserve raising US interest rates later this month […]
Basel to overtake Zurich as second-most attractive Swiss canton
Brought to you by Investec Switzerland. Basel City will leapfrog Zurich to become Switzerland’s second-most attractive location for businesses by 2020 as Swiss cantons cut corporate tax to bolster their appeal, according to Credit Suisse Group AG. Basel, home of Roche Holding AG and Novartis AG, will move up two places in the ranking of […]
Swiss trains the most expensive in Europe
A study by GoEuro, compares the cost of travelling 100km by train. Switzerland led the ranking with the most costly train trips in Europe. Travelling 100km in Switzerland cost CHF 52. The study is based on the prices of 300 million domestic train journeys across Europe between April 2015 and April 2016. The price differences are significant. […]
UBS handed setback in $2 billion mortgage buy-back lawsuit
Brought to you by Investec Switzerland. A UBS Group AG unit was found by a federal judge to have violated some contracts with mortgage-backed securities trusts that hold loans, putting it at risk of having to buy back more loans or pay damages in a $2 billion lawsuit. U.S. District Judge Kevin Castel Tuesday ruled […]
