SNB & CHF

The proposed 15% minimum corporate tax rate is an opportunity for Switzerland to unite its tax code for the better, says an organization representing Swiss cities. Cities like Zurich rely on company tax revenues to provide services and infrastructure. © Keystone / Gaetan Bally City finance directors have criticized cantons for trying to plug expected tax gaps unilaterally, rather than find a common approach nationwide. The United States is currently leading efforts...

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[unable to retrieve full-text content]Pressure on equities seen last week carried over into Asia and Europe today. The MSCI Asia Pacific Index fell for the fourth consecutive session, led by more than a 3% decline in the Nikkei. Australia, Taiwan, and Hong Kong bourses fell by more than 1%. European equities opened lower, but have turned higher.

Switzerland is well prepared to take on the Delta variant, said Christoph Berger, head of Switzerland’s federal vaccination commission. Based on what we currently know, there is no need to be concerned, he said, reported RTS. © Rodrigo Fernández | Dreamstime.com While it’s true that the variant is more contagious, nearly 90% of those vaccinated with two doses of mRNA vaccine are protected against this variant, Berger told the NZZ am Sonntag on 20 June 2021....

[unable to retrieve full-text content]Switzerland’s economy will be back to its pre-pandemic level as early as this year and does not need a stimulus package, says Sabine D'Amelio-Favez, director of the Federal Finance Administration. The Confederation has incurred debts of CHF30 billion ($33 billion) to stem the economic consequences of Covid-19, she said in an interview published on Saturday by newspapers of the CH Media group.

On Wednesday, the Federal Reserve’s Federal Open Market Committee voted to continue with a target federal funds rate of 0.25 percent, and to continue with large-scale asset purchases. According to the committee’s press release: The Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and expects it will be appropriate to maintain this target range until labor market conditions have reached levels consistent with the Committee’s...

What if everyone in the market realizes it’s now the moment to front-run the crash? We have a fine-sounding word for running with the herd: momentum. When the herd is running, those who buy what the herd is buying and sell what the herd is selling are trading momentum, which sounds so much more professional and high-brow than the noisy, dusty image of large mammals (and their trading machines) mindlessly running with the herd. We also have a fine-sounding phrase for...

So spielt man Blackjack Im deutschsprachigen Raum auch als „17 und 4“ bekannt, ist Blackjack nach Poker wohl weltweit eines der beliebtesten Kartenspiele in den Casinos. Natürlich hat jedes gute Online-Casino ebenfalls Blackjack im Angebot. Doch nicht jeder kennt die Grundregeln des Spiels. Deshalb haben wir hier für Sie die entsprechenden Basics zusammengestellt. Der Grundaufbau Blackjack wird mit Standarddecks aus 52 Spielkarten gespielt. Spiele werden mit einem...

[unable to retrieve full-text content]Three city blocks were systematically burned to the ground as hundreds of the local police stood by and viewed the violence. They were obeying orders not to harm the arsonists. The National Guard was called, adding more armed watchers. A passive gendarmerie consorting with open rebellion has rarely been seen in American history, until recently.

Credit Suisse chairman, António Horta-Osório, is warning of a “tough period” ahead for the bank. Keystone / Andy Rain Credit Suisse’s disastrous Greensill and Archegos investments have highlighted the destructive side of banking. Regulators and politicians are asking what the Swiss bank did wrong and what can be done to protect investors from future risk-assessment failures. Experts point to shortcomings in risk management and say corporate culture has to change. The...