SNB & CHF

Major infrastructure building projects abroad are could be an opportunity for Swiss companies to expand their business activities. Keystone/Joerg Sarbach The government has pledged CHF7.8 million ($8.5 million) over the next three years to help Swiss companies participate in major infrastructure projects abroad. The aim is to coordinate cooperation between the private sector and the government administration to help Swiss companies gain international visibility and...

Die Vorstellung, dass die Amerikaner immer frei sein werden, ist Teil der Glaubenssätze, die den Schülern der öffentlichen Schulen eingebläut werden. Seit Hunderten von Jahren haben Philosophen, Politiker und Reformer gelehrt, dass der Triumph der Freiheit unausweichlich sei. „Unterdrückte Menschen können nicht ewig unterdrückt bleiben. Der Drang nach Freiheit wird sich irgendwann Bahn brechen“, schrieb Martin Luther King Jr. in seinem berühmten „Brief aus dem...

US President Jimmy Carter told the nation that the US dollar's devaluation "is clearly not warranted by the fundamental economic situation". In fact, it was unreservedly deserved as the necessary consequence of prolonged official incompetence. Jeff Snider, Head of Global Investment Research for Alhambra Investments and Emil Kalinowski. Topics & Time Codes 01:08 Unlike the 2010s, in the 1970s finding inflation was no problem - it was everywhere 02:44 The era's inflation, the...

The reform of pension systems is a pressing item on most political agendas worldwide. But in Switzerland, all major reform efforts since 2003 have failed. Is this a case of democracy hitting its limits? Political scientist Silja Häusermann explains how the mountain could be scaled. Western countries all face the same scenario: the number of pensioners is going up, while the number of active workers – who finance these pensions – is going down by comparison. In Switzerland,...

Swiss Franc The Euro has risen by 0.05% to 1.1015 EUR/CHF and USD/CHF, April 20(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Even as US yields edge higher, the dollar struggles. With the 10-year Treasury yields now at 1.62%, nine basis points above last week’s lows, the greenback has turned mixed against the major currencies. After briefly slipping below JPY108, the dollar has recovered to around JPY108.55....

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Credit Suisse chairman Urs Rohner has some explaining to do at the bank’s AGM later this month. © Keystone / Ennio Leanza Five months before Greensill Capital’s collapse, Credit Suisse invited a special guest to present to its top ranks in Asia. The visitor was hailed as the sort of bold entrepreneur the bank wanted to do business with: Lex Greensill. “The tone was this is the exact kind of client the bank wants, tell the MDs to go out and find more guys like Lex,”...

Societe Generale announced that it has issued its first structured product as a security token directly registered on the Tezos’ blockchain network. The securities were fully subscribed by Societe Generale Assurances. The move was in line with the development of Forge which is a regulated subsidiary of Societe Generale Group. Forge’s operating model enables security tokens to be directly integrated to conventional banking systems interfaced with SWIFT format. Forge...

Nobody thinks a euphoric rally could ever go bidless, but as Greenspan belatedly admitted, liquidity is not guaranteed. The current market melt-up is taken as nearly risk-free because the Fed has our back, i.e. the Federal Reserve will intervene long before any market decline does any damage. It’s assumed the Fed or its proxies, i.e. the Plunge Protection Team, will be the buyer in any freefall sell-off: no matter how many punters are selling, the PPT will keep...

19.04.2021 – In 2019, 73.9% of employees in Switzerland registered their working hours, whereas in the European Union (EU) only 58.1% did so. In European comparison, fixed working hours were less common in Switzerland (49.2%; EU: 60.1%) and more employed persons enjoyed a high level of job autonomy (60.4%; EU:  50.6%). In 2020, 18.2% of employed persons worked regularly on Saturdays and 9.3% regularly on Sundays. Teleworking from home increased considerably in 2020,...