Tag Archives: Featured

Confederation and cantons to receive distribution of CHF 2 billion According to provisional calculations, the Swiss National Bank (SNB) will report a loss in the order of CHF 15 billion for the 2018 financial year. The loss on foreign currency positions amounted to CHF 16 billio n. A valuation loss of CHF 0.3 billion was recorded on gold holdings. The net result on Swiss franc positions amounted to CHF 2 billion. The...

Along with Migros, Coop is one of the leading grocery supermarket chains in Switzerland. Swiss supermarket chain Coop is refusing to stock products from food producing giant Mars in a dispute over prices. The retailer is part of a European buying consortium whose other members will also boycott Mars, Twix and Bounty confectioneries. The dispute is over how much retailers must pay for the good they stock on their...

These transition periods are often just this sort of whirlwind. One day the economy looks awful, the next impervious to any downside. Today, it has been the latter with the BLS providing the warm comfort of headline payrolls. For now, it won’t matter how hollow. Yesterday, completely different story. Apple got it started downhill and the ISM pushed it off the cliff. The tech giant’s CEO admitted the global economy is...

Pound to Swiss Franc exchange rates The value of the Pound against the Swiss Franc has remained in a fairly tight range since the start of the year. However, in the last couple of days the Pound has made some small gains after the Swiss National Bank confirmed that their currency reserves have dropped slightly. We have also seen reports of positive sales of Swiss watches, which is one of Switzerland’s largest exports....

08.01.2019 – Turnover in the retail sector fell by 0.2% in nominal terms in November 2018 compared with the previous year. Seasonally adjusted, nominal turnover rose by 0.2% compared with the previous month. These are provisional findings from the Federal Statistical Office (FSO). Real turnover in the retail sector also adjusted for sales days and holidays fell by 0.5% in November 2018 compared with the previous year....

Swiss Franc The Euro has fallen by 0.15% at 1.1222 EUR/CHF and USD/CHF, January 8(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The global capital markets remain calm after the surge in volatility seen over the last couple of weeks. Asian equities were mixed, with the Japanese, Australia and Indian shares gaining, but other large regional markets, like China,...

There has been strong construction activity in Switzerland over the last two or three years The unemployment rate in Switzerland averaged 2.6% in 2018, a ten-year low, after strong economic growth in the first six months of the year, according to the State Secretariat for Economic Affairs (SECO). The department said just over 118,000 people were registered with regional job centres during 2018 – 17.5% fewer than the...

China increases gold holdings by large 320,000 ounces Gold bullion remains a tiny component of the People’s Bank of China massive foreign exchange (FX) reserves which rose to $3.073 trillion China’s gold reserves rose for first time since October 2016 to 59.56 million ounces by the end of December (1,853 metric tons) from 59.24 million ounces  Gold climbed 5% in December on equity rout, growth concerns by Bloomberg:...

The secret of health for both mind and body is not to mourn for the past, nor to worry about the future, but to live in the present moment wisely and earnestly. Buddha Review It’s that time of year again, time to cast the runes, consult the iChing, shake the Magic Eight Ball and read the tea leaves. What will happen in 2019? Will it be as bad as 2018 when positive returns were hard to come by, as rare as affordable...

One of the most important problems in economics is: How do we know if an enterprise is creating or destroying wealth? The line between the two is objective, black and white. It should be clear that if business managers can’t tell the difference between a wealth-creating or wealth-destroying activity, then our whole society will be miserably poor. Any manager will tell you that it’s easy. Just look at the profit and loss...