SNB & CHF

Nestlé plans to create about 1,500 additional jobs in Ukraine. Keystone/Laurent Gillieron The Swiss multinational Nestlé says it will invest CHF40 million ($42. million) to launch a new production facility in western Ukraine. The world largest food and beverage company is one of very few international companies to announce new investments in Ukraine since Russia invaded the country in February. A senior Nestlé manager described it as a important move in a...

14.12.2022 – The Producer and Import Price Index fell in November 2022 by 0.5% compared with the previous month, reaching 109.2 points (December 2020 = 100). Lower prices were seen in particular for pharmaceutical and chemical products as well as for petroleum and natural gas. In contrast, petroleum products became more expensive. Compared with November 2021, the price level of the whole range of domestic and imported products rose by 3.8%. These are the results...

In mid-November, while the whole world was focused on the Ukraine crisis, the US midterms or whatever other “big story” the media decided was more important, a truly momentous shift took place in the global financial system. It might seem like a small step on the surface, but it has the potential to bring about a real and possibly irreversible sea change in the way we use money; or better said, the way it uses us. As Reuters reported on the 15th of November, “Global...

The narrative to attack any tax cut and defend any increase in government size is reaching feverish levels. However, we must continue to remind citizens that constantly bloating government spending and increasing the size of monetary interventions are some of the causes of the widespread impoverishment of the middle class. Constantly increasing taxes and diminishing the purchasing power of the currency is wiping out the middle class in most developed nations....

The November CPI report has been characterized as a shock when it was anything but. Markets have told you, me, everyone this was always going to happen. What is standing in the world's way from realizing this - and so much more - is Economics, the kind practiced by professional jackasses. Unnecessary confusion, untold destruction. Eurodollar University's Money & Macro Analysis Twitter: https://twitter.com/JeffSnider_AIP https://www.eurodollar.university...

Overview: The dollar softer against the G10 currencies ahead of today’s CPI report and the FOMC meeting the concludes tomorrow. Emerging market currencies are most mixed. The Hungarian forint leads the complex with around a 1% gain on news of a preliminary deal struck with the EU. The South African rand is the worst performer, off around 0.8%, as impeachment proceedings against Ramaphosa proceed. Global equities are mostly higher today after the strong advance seen...

Together with major Swiss banks, the Swiss stock exchange BX Swiss is taking the financial market infrastructure for tokenized securities to the next level. In a test, trades on BX Swiss were settled for the first time directly in Swiss francs via a decentralized public-blockchain. The test was conducted as part of a proof of concept under the auspices of the Capital Markets Technology Association (CMTA). In the process, structured products were issued by the Swiss...

Together with major Swiss banks, the Swiss stock exchange BX Swiss is taking the financial market infrastructure for tokenized securities to the next level. In a test, trades on BX Swiss were settled for the first time directly in Swiss francs via a decentralized public-blockchain. The test was conducted as part of a proof of concept under the auspices of the Capital Markets Technology Association (CMTA). In the process, structured products were issued by the Swiss...

The GoldenPass Express direct line now allows passengers to travel from Montreux on Lake Geneva to Interlaken in the Bernese Oberland without changing trains. © Keystone / Peter Klaunzer Swiss Federal Railways has launched a new timetable, which offers more regional services and direct links between eastern and western Switzerland, and additional connections to popular tourist regions. From Sunday, trains run every two hours directly between Romanshorn, in canton...

The share of the permanent resident population aged 15 or more with a migration background increased from 35% to 39% between 2012 and 2021, according to data from the Swiss Labour Force Survey (SLFS). With a few exceptions, the population with a migration background fares less well in many areas of life than the population without a migration background. Regardless of nationality, the number of immigrants and emigrants rose in 2021. These are some of the findings of...