SNB & CHF

Firms will have to report on how they impact the climate, and how the climate impacts their bottom line. Keystone / Yaron Kaminsky From 2024, large Swiss firms will be legally bound to report on their climate-related risks. The government has now published guidelines on which companies and which risks will be involved. The rules will apply to public and private companies with over 500 employees, over CHF20 million ($21.9 million) or CHF40 million in annual...

Generations of punters have learned the hard way that their unwary greed is the tool the ‘Smart Money’ uses to separate them from their cash and capital. The game is as old as the stock market: the Smart Money recognizes the top is in, and in order to sell all their shares, they need to recruit bagholders to buy their shares and hold them all the way down. Once the catastrophic losses have been taken by the bagholders, then the Smart Money slowly builds up positions...

With June 2021 CPI growth being at a thirteen-year high, inflation has been on a lot of people’s minds lately. You can’t blame them, seeing as over 23 percent of all dollars in existence were created in 2020 alone. Although future inflation is certainly an important concern, in this article I instead focus on the chronic inflation this country has faced for over a century. Under normal circumstances, when most people think about inflation, they likely think of a...

Inflation is a broad, sustained monetary phenomenon. Price deviations in a narrow set of economic sectors, though they last months, are just that: price deviations. Today's high CPI-readings will in all likelihood subsumed by the global monetary disorder, like in 2008 and 2011. Jeff Snider, Head of Global Investment Research for Alhambra Investments and Emil Kalinowski. Follow Twitter: https://twitter.com/JeffSnider_AIP Twitter: https://twitter.com/EmilKalinowski References There Is So...

Overview:  The dollar is consolidating yesterday's advance and is confined to fairly narrow ranges in quiet turnover.  Most of the major currencies are within 0.1% of yesterday's close near midday in Europe. The $1.1700-level held in the euro.  Most emerging market currencies have edged a little higher.  Despite the largest fall in the US NASDAQ in three weeks and the largest fall in the S&P 500 in a month, the MSCI Asia Pacific Index rose for the first time in...

[unable to retrieve full-text content]This is the fiftieth anniversary of the demise of the gold standard and the beginning of the current fiat paper standard. Many will say “good riddance” to gold and “thank goodness” for the “good ole greenback”! Reflection, however, produces an alternative conclusion.

Swiss Franc The Euro has fallen by 0.20% to 1.072 EUR/CHF and USD/CHF, August 17(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Concern about the economic impact of the virus and new efforts by China to curb “unfair” competition among online companies has triggered a dramatic response by investors. A lockdown in New Zealand and the Reserve Bank of Australia signaling it will respond if the economic fallout...

Deepfakes are often used in ads and films, for instance when actors play younger versions of their characters. However, the technology also offers high potential for misuse. A spin-off of the Swiss Federal Institute of Technology Lausanne is using AI and deep learning to create software to help specialists detect fraud. Artificial intelligence helps detect anomalies inside images. The software then marks any manipulated areas. Detectors are also programmed to recognize manipulated faces,...

Adding value to cocoa can bring in more revenue for West African producers. Keystone / Legnan Koula In a bid to grab a bigger slice of the chocolate pie, cocoa-producing countries Ivory Coast and Ghana are turning to China for funding and a new marketplace. The move could pose a threat to the Swiss chocolate industry’s profit margins and its supply of raw materials. Despite the Covid-19 pandemic, VIPs in smart suits and traditional Ivorian dress gathered at an...

Whomever actually coined the term “taper”, using it in the context of Federal Reserve QE for the first time, it wasn’t actually Ben Bernanke. On May 22, 2013, the central bank’s Chairman sat in front of Congressman Kevin Brady and used the phrase “step down in our pace of purchases.” No good, at least from the perspective of a media-driven need for a snappy one-word summary. Taper. Then the tantrum. Except, no, it wasn’t sulking rage over the prospects for fewer...