Tag Archives: Business & Economy

Investec Switzerland. Swiss stocks, dislodged in 2015 as a haven from European volatility, have seen the status restored following Brexit — so much that some investors are balking at valuations. After trailing shares from Germany to France and Italy for most the past year, the Swiss Market Index is finding a new appeal in the fallout of the U.K. vote to leave the European Union. Investors buying up megacaps including Nestle SA, Novartis AG and Roche Holding AG have pushed...

Investec Switzerland. Global equity markets are set to post gains this week as investors digest the impact of the UK’s historic vote to leave the European Union. Swiss stocks outperformed global markets as defensive heavyweights Nestlé, Roche and Novartis led gains. © Paulbroad | Dreamstime.com Volatility remained high with markets rebounding from last week’s heavy losses as tensions began to ease following the UK referendum. Bargain hunters took advantage of badly beaten...

Investec Switzerland. Nespresso beware: Your status as Nestle’s favorite child is under threat from your scruffy kid brother. Nestle SA, creator of the high-end Nespresso brand of coffee pods and espresso machines, is increasingly leaning on a cheaper range of single-serve coffees that it calls Nescafe Dolce Gusto. © Roberto Del Bianco | Dreamstime.com Since Nestle launched Nespresso three decades ago, the brand has become one of the Swiss company’s most profitable products....

Investec Switzerland. Nestle SA rose the most in more than four months as investors welcomed the surprise appointment of Fresenius SE’s Ulf Mark Schneider as successor to Chief Executive Officer Paul Bulcke. © Neil Harrison | Dreamstime.com The stock gained 2.7 percent to 73.05 Swiss francs at 10:16 a.m. in Zurich as analysts said the health-care executive’s arrival may portend a strategic revamp at Europe’s biggest company by market value. “Nestle is in need of fresh legs,”...

Investec Switzerland. The Swiss Market Index (SMI) is set to post a modest gain this week despite confirmation that the UK has decided to leave the European Union. The SMI opened almost 7% lower following the announcement before recovering.  The Swiss franc strengthened the most since the Swiss National Bank (SNB) lifted its cap against the euro in 2015. Around the world, financial markets buckled after Britain’s vote to leave the European Union was announced on Friday...

Investec Switzerland. Swiss Market Index The Swiss Market Index (SMI) is set to post a modest gain this week despite confirmation that the UK has decided to leave the European Union. The SMI opened almost 7% lower following the announcement before recovering.  The Swiss franc strengthened the most since the Swiss National Bank (SNB) lifted its cap against the euro in 2015. click to enlarge  Around...

All of the votes have been counted. 51.9% of the votes were for “leave”. Donald Tusk, President of the European Council, said in an announcement, that EU law will continue to apply to the UK until the nation formally leaves the club, including rules on free movement of people. © Lucian Milasan | Dreamstime.com David Cameron said in a speech that he’d like to assure British citizens abroad and EU citizens in the UK that there would be no immediate changes. He also announced his resignation and...

All of the votes have been counted. 51.9% of the votes were for “leave”. Voter turnout was 72.2%. Voting was divided. Scotland (62.0% remain) and Northern Ireland (55.8% remain) voted too stay, while England (53.4% leave) and Wales (52.5% leave) voted to leave. © Donfiore | Dreamstime.com In the markets, the pound dropped as low as 1.32 US dollars, 1.20 Euros and 1.29 Swiss francs according to Reuters. By around 9:00 am the pound had moved from these lows to 1.37 US dollars, 1.24 Euros and...

Swiss cantons have very different tax bases, tax rates and costs. To even things up, and temper tax rate competition between cantons that jockey to attract the wealthiest residents with the lowest tax rates, Switzerland has a system known as la péréquation financière nationale in French, or Finanzausgleich in German, which requires “rich” cantons to give money to “poor” cantons. Yesterday, the Swiss federal government published the numbers for 2017. In 2017, the top three payers will...

Swiss cantons have very different tax bases, tax rates and costs. To even things up, and temper tax rate competition between cantons that jockey to attract the wealthiest residents with the lowest tax rates, Switzerland has a system known as la péréquation financière nationale in French, or Finanzausgleich in German, which requires “rich” cantons to give money to “poor” cantons. Yesterday, the Swiss federal government...