Tag Archives: Business & Economy

Investec Switzerland. The Swiss Market Index is set to close slightly higher this week, outperforming global equities thanks to defensive heavyweights such as Nestlé and Novartis. © Alan Gignoux | Dreamstime.com Pessimism hit European shares at the beginning of the week as sliding oil prices and bank stress test results helped revive concerns over the strength of the recovery and stability of the financial sector. The bank stress tests results showed most of the region’s...

Investec Switzerland. The value of the Swiss National Bank’s U.S. stock portfolio jumped to a record in June, helped by equity market gains. © Vividrange | Dreamstime.com The holdings climbed to $61.8 billion from $54.5 billion at the end of March, according to calculations by Bloomberg based on the central bank’s regulatory filing to the U.S. Securities and Exchange Commission and published on Wednesday. SNB spokesman Walter Meier declined to comment on the filing, which is...

Investec Switzerland. © Vividrange | Dreamstime.com The value of the Swiss National Bank’s U.S. stock portfolio jumped to a record in June, helped by equity market gains. The holdings climbed to $61.8 billion from $54.5 billion at the end of March, according to calculations by Bloomberg based on the central bank’s regulatory filing to the U.S. Securities and Exchange Commission and published on...

Investec Switzerland. © Vividrange | Dreamstime.com The value of the Swiss National Bank’s U.S. stock portfolio jumped to a record in June, helped by equity market gains. The holdings climbed to $61.8 billion from $54.5 billion at the end of March, according to calculations by Bloomberg based on the central bank’s regulatory filing to the U.S. Securities and Exchange Commission and published on...

The Economist invented the Big Mac index in 1986 as a tongue-in-cheek guide to currency valuations. Because the well-known burger is the same throughout much of the world, the magazine thought it could be used as a measure of how over or undervalued a currency was. An overpriced burger suggests an overvalued currency and a cheap one an undervalued currency. As it did last year, Switzerland topped the chart this year...

The Economist invented the Big Mac index in 1986 as a tongue-in-cheek guide to currency valuations. Because the well-known burger is the same throughout much of the world, the magazine thought it could be used as a measure of how over or undervalued a currency was. An overpriced burger suggests an overvalued currency and a cheap one an undervalued currency. © Mirko Vitali | Dreamstime.com As it did last year, Switzerland topped the chart this year with the world’s most expensive Big Macs. At...

SMI The Swiss Market Index and global stock markets failed to extend last week’s rally after the Federal Reserve and Bank of Japan left rates unchanged and gave mixed messages about the global economic outlook. Japanese Economic Stimulus Japanese shares received a short-term boost after Prime Minister Shinzo Abe’s announced plans of a 28 trillion yen ($265 billion) economic stimulus drive, including a 13 trillion...

Investec Switzerland. UBS Group AG beat analysts’ second-quarter profit estimates and said it’s on track to cut costs by 2.1 billion Swiss francs ($2.2 billion) through 2017, with Chief Executive Officer Sergio Ermotti struggling with a slump at the wealth management and securities-trading units. © Denis Linine | Dreamstime.com Net income slipped to 1.03 billion francs from 1.2 billion francs a year ago, the Zurich-based bank said in a statement Friday. That beat the 668...

UBS Group AG beat analysts’ second-quarter profit estimates and said it’s on track to cut costs by 2.1 billion Swiss francs ($2.2 billion) through 2017, with Chief Executive Officer Sergio Ermotti struggling with a slump at the wealth management and securities-trading units. © Denis Linine | Dreamstime.com Net income slipped to 1.03 billion francs from 1.2 billion francs a year ago, the Zurich-based bank said in a...

Investec Switzerland. The Swiss Market Index and global stock markets failed to extend last week’s rally after the Federal Reserve and Bank of Japan left rates unchanged and gave mixed messages about the global economic outlook. © Josefkubes | Dreamstime.com Japanese shares received a short-term boost after Prime Minister Shinzo Abe’s announced plans of a 28 trillion yen ($265 billion) economic stimulus drive, including a 13 trillion yen fiscal spending package for...