Brought to you by Investec Switzerland. Swiss watch exports fell for an eighth consecutive month as shipments to Hong Kong extended a one-year rut caused by rich Chinese traveling to cheaper locations to buy expensive timepieces. Shipments slid 3.3 percent to 1.65 billion Swiss francs ($1.7 billion) in February, or by 7.9 percent adjusted for the […]
Swiss market down despite rise in world index
18 March 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. The SMI is set to finish lower this week (-1.83%), underperforming the MSCI World (+1.03% ) as US stocks gained after the Federal Reserve scaled back expectations for the path of interest-rate increases on Wednesday. Stocks around the world gained mid-week […]
Franc surge temporary after ECB sends mixed signals
Brought to you by Investec Switzerland. The SMI is set to finish flat this week (-0.12%), outperforming global equity market (MSCI World -0.68% ) with European stocks losing value after the long awaited ECB policy meeting. Stock markets around the world were mixed with risk appetite increasing ahead of Thursday’s European Central Bank (ECB) policy […]
Vaud moves ahead with phase out of controversial Swiss tax deals
After nearly ten years of European Union (EU). OECD and G20 opposition to certain controversial Swiss tax structures, Switzerland’s government agreed a deal in 2014 to do away with such arrangements. Under current rules Swiss cantons can offer preferential tax rates to certain companies, mostly multinationals with most of their activity abroad. This is now changing. What […]
How immigration makes Switzerland the world’s most inventive nation
Swiss resident companies and individuals applied for more patents than those in the UK in 2015. The European patent office’s recently released annual report, shows there were 7,088 Swiss-based european patent applications compared to the UK’s 5,037. On the face of it these numbers are not too far apart. On a per capita basis there is a more than tenfold […]
Bad news for Swiss commuters
Last year the Swiss government decided to increase the fees train operators, including Swiss Rail, must pay to run their trains on Switzerland’s rail network. Switzerland has 4,641 km of track running as high as 3,454 metres, and one of the densest rail networks in the world. Maintaining all of this track costs a lot of money, […]
Financials and miners drive SMI gain despite drag of one Swiss heavyweight
4 March 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. The SMI is set to close higher this week but lagging behind gains of global equity markets after heavyweight Roche fell almost 5% on Thursday after paying its dividend. Stock markets around the world extended their rally this week, continuing to […]
Bern wants shops to stay open longer
Le Matin. The National council thinks shops should stay open until 8pm across all of Switzerland. 115 members against 68 would like to see shop opening hours harmonised across the country. The proposal would mean that retailers across Switzerland would be allowed to open from 6am until 8pm from Monday to Friday and from 6am until 6pm on […]
Geneva’s Left wants 1% of salaries to pay for dentistry
20 Minutes. Geneva’s Ensemble à gauche and Socialist parties want to see compulsory dental care and presented a proposal to Geneva’s parliament in mid-February. On Monday Geneva’s labour party (Parti du travail) launched a cantonal initiative for the same thing. The plan would be funded by compulsory salary deductions of 1%. Half of this would be categorised as […]
Swiss GDP pick-up beats forecast
Brought to you by Investec Switzerland. The Swiss economy returned to growth at the end of last year as it fought off the impact of a currency shock that had threatened to push the country into a recession. Gross domestic product rose 0.4 percent in the three months through December, after contracting 0.1 percent in the […]
