Tag Archives: Business & Economy

Investec Switzerland. UBS’s results are a reminder that even the strongest boats are being buffeted by the storm in financial markets. Tuesday’s slump in profit from both investment banking and wealth management sent the shares to the lowest in a year. It also puts in question the premium valuation the bank has enjoyed over its peers. The Swiss bank has been the model for European firms looking to reinvent themselves after the financial crisis — it moved decisively in 2012...

Investec Switzerland. The SMI is set to end the week modestly lower along with global stocks after earnings reports from pharmaceuticals heavyweights Roche and Novartis fell short of analyst’s estimates. Global markets experienced another volatile week amid ongoing speculation over whether central banks will come to the rescue of turbulent financial markets. A bad week for Novartis – © Lucaderoma | Dreamstime.com The slowdown in China and central remained central to...

Investec Switzerland. The soaring cost of some medicines has sparked a controversy that’s hampered drugmakers’ ability to raise prices in their biggest and most profitable market. © Robert Byron | Dreamstime.com Novartis AG Chief Executive Officer Joe Jimenez figures the golden days of unfettered price increases are over in the U.S. “Those days are over,” Jimenez said in a Bloomberg Television interview with Manus Cranny. “You have to assume that there is going to be...

Investec Switzerland. Swiss watch exports dropped 3.8 percent in December, led by a plunge in shipments to Hong Kong and ending 2015 with the first annual drop in six years. For the year, shipments slipped 3.3 percent to 21.5 billion Swiss francs ($21.2 billion), the Swiss customs office said in a statement Tuesday. That compares with a 1.9 percent rise the previous year, when the value of sales reached a record 22.3 billion francs. The last annual slump was in 2009, when...

Investec Switzerland. Swiss stocks are set to outperform global markets this week after another volatile session of trading that saw some stock indices suffering losses not seen since the depths of the global financial crisis. © Christy Thompson | Dreamstime.com Investor sentiment was hit early this week after China recorded its weakest annual pace of growth in a quarter century and the IMF downgraded global economic forecasts for 2016. However, the prospect of further...

The top 250 global retailers generated aggregated revenues of US$ 4.5 trillion in 2014, up 4.3% on 2013, according to Deloitte. US retailer Wal-mart with sales of US$ 486 billion was the global leader by a wide margin. Tesco PLC from the UK and France’s Carrefour each generated a bit under US$ 100 billion ranking 5th and 6th respectively. Migros slides from number 38 to 40 in world ranking – © Arseniy Rogov | Dreamstime.com Switzerland’s Migros, with retail sales of US$ 25.6 billion dropped...