SNB & CHF

Erik Fyrwald, CEO of Swiss-based Syngenta, sat down with swissinfo.ch to share his views on the future of food systems, the role of technology in sustainable agriculture, and whether CEOs should speak out more on issues such as climate change. --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective on international events. For more articles, interviews and videos visit swissinfo.ch or...

Erik Fyrwald, CEO of Swiss-based Syngenta, sat down with swissinfo.ch to share his views on the future of food systems, the role of technology in sustainable agriculture, and whether CEOs should speak out more on issues such as climate change. --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective on international events. For more articles, interviews and videos visit swissinfo.ch or...

“The sky is falling. The sky is falling,” they cried, as equities plunged in December.  It is signaling a recession, we were told. Instead, global equities have begun the year with a strong advance. The S&P 500 gapped higher ahead of the weekend, extending this year’s rally to about 14%. It has now retraced more than 50% of the decline, not from the December high but from the record high in late September. It has...

The ECB is comfortable with current market expectations for rate hikes. At its latest meeting in December, the ECB turned more cautious, lowering its growth forecasts but showing no sign of panic regarding the loss in euro area economic momentum. Risks were considered as “broadly balanced”, but moving to the downside. Since the December monetary policy meeting, data (PMI and national surveys, industrial production) have...

ABB was among the Swiss companies in big M & A deals last year, selling its power grid division to Hitachi. Its top officials are seen here at a press conference on the USD 9.4 billion deal. The number of merger and acquisition deals involving Swiss companies hit a record high in 2018, according to a report by consultancy firm KPMG. Activity peaked in a number of sectors including financial services, consumer...

The net result of a rigged system is the vast majority of the gains in income and wealth flow to the very tippy-top of the wealth/power pyramid. We often hear how the system (i.e. our economy) is rigged to benefit the few at the expense of the many, but exactly how is it rigged? Longtime correspondent Zeus Y. recently highlighted two specific mechanisms that favor the top 0.01%: high frequency trading (HFT) and...

Thank You

Le scandale de la valeur locative, un revenu fictif taxé Je profite du billet de G Monti pour introduire un thème qui, à lui seul résume ce que peut être l’injustice fiscale. Il s’agit de ce qui est appelée en Suisse la valeur locative de son logement. Il ne faut pas le confondre avec un impôt foncier, ni avec un loyer. En Suisse, quand vous voulez accéder à la propriété, tout sera fait pour pousser les...

Today was supposed to see the release of the Census Bureau’s retail trade report, a key data set pertaining to the (alarming) state of American consumers, therefore workers by extension (income). With the federal government in partial shutdown, those numbers will be delayed until further notice. In their place we will have to manage with something like the Federal Reserves’ Beige Book. It may not be close to the same...

The two employees demanded they be reimbursed for losses in exchange rates The Swiss Federal Court has ruled that two Swiss companies do not have to compensate two employees who were paid in euros and who ended up with less than their franc-earning colleagues. Explaining its decisionexternal link on Tuesday, the country’s highest court said the cross-border workers from Germany and France had agreed to a corresponding...