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Investec Switzerland. In the cutthroat world of commodities trading, there’s no bigger prize than Russia. The country of Vladimir Putin has it all: oil, natural gas, aluminum, nickel, wheat, coal and many other riches. The world’s biggest trading houses have jostled over it for decades. In recent years, Trafigura Group had pushed ahead of arch-rival Glencore Plc in Russian oil trading. Now, Glencore Chief Executive Officer Ivan Glasenberg is reclaiming that territory with...

Switzerland’s Federal Council is looking at a proposal to make pension payments compulsory for self-employed workers in the same way that they are for salaried workers. © Katatonia82 | Dreamstime.com In Switzerland there are three elements to pensions. A universal state pension, funded from social security payments, a second element, known as a second pillar, which is a pot built up from sums deducted from salary, and a third pillar, which is an optional tax deductible amount...

Investec Switzerland. According to European Central Bank President Mario Draghi “uncertainty prevails everywhere” but apparently investors don’t mind. Market participants shrugged off last weekends “no” to constitutional reform in Italy and the subsequent resignation of Prime Minister Matteo Renzi to push European indices to 12 month highs this week. © Patrick Poendl | Dreamstime.com The Swiss Market Index followed European markets higher. The German DAX and France’s CAC...

Switzerland’s Federal Council is looking at a proposal to make pension payments compulsory for self-employed workers in the same way that they are for salaried workers. © Katatonia82 | Dreamstime.com In Switzerland there are three elements to pensions. A universal state pension, funded from social security payments, a second element, known as a second pillar, which is a pot built up from sums deducted from salary, and a third pillar, which is an optional tax deductible amount...

Investec Switzerland. Switzerland’s plan to solve an immigration dilemma with the European Union could avoid being held up by another referendum if it gets strong support in parliament next week, according to Swiss President Johann Schneider-Ammann. A clear result in a final vote on Dec. 16 with the Swiss People’s Party, or SVP, in the minority could make it “delicate” for the group to push for another plebiscite, he said in an interview with Bloomberg Television’s Guy...

Investec Switzerland. Credit Suisse Group AG is preparing a new cost-savings program that puts as many as 1,300 jobs in Switzerland on the line, according to Schweiz am Sonntag. © Pincasso | Dreamstime.com The plan will be announced Wednesday, when the lender holds its investor day in London, the newspaper said, without saying where it got the information. Credit Suisse’s Swiss unit may slash an additional 1,000 to 1,300 positions, or about eight to 10 percent of the unit’s...

The contractural requirement for Swisscom to provide every commune with a telephone box comes to an end at the end of next year. Late last week, the Federal Council adopted a new plan that will come into force in 2018. Internet subscriptions without a fixed phone contract should also be part of the new plan. © Phillip Judd The current deal with Swisscom, which requires the company to provide universal coverage for ten years, comes to an end on 31 December 2017. One casualty of the switch to a...

Investec Switzerland. Investors appear to be staying on the sidelines this week ahead of the weekend’s Italian referendum. Swiss stocks are set to finish the week lower, underperforming global equities as food giant Nestle and pharmaceutical heavyweights Roche and Novartis drag the index down. © Lupoalb68 | Dreamstime.com It’s been a volatile trading week across financial markets. Oil prices jumped almost 9% on Wednesday after OPEC members finally agreed a deal to cut...

After seven years on top, Swisscom has been beaten by Sunrise. The German telecommunications expert and magazine publisher, connect.de and its partner P3, travelled roughly 7,000 km by car around Switzerland testing Swiss mobile networks. Tests were also made while walking and on trains. The results were published on Tuesday. © Hai Huy Ton That | Dreamstime.com Out of a possible 1,000 points, Sunrise was awarded 951, Swisscom 933 and Salt, formerly Orange, 878. Connect.de described...

Submitted by Paul Craig Roberts, Vladimir PutinPresident of RussiaMoscow28 November 2016 Dear President Putin, Now that CIA agent Craig Timberg posing as a Washington Post reporter has blown my cover and exposed me as a Russian agent, I was wondering if I might ask you for a Russian passport and a bit of diplomatic cover, perhaps assistant press officer at the Russian embassy in Washington, until I can get out of the country. I saw that you gave a passport to Steven Seagal, so I am hopeful...