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Swiss Franc The Euro has risen by 0.24% at 1.1407 EUR/CHF and USD/CHF, February 01(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Weak manufacturing PMI readings are curbing risk appetites ahead of the US jobs report. Growth concerns are top and center after dovish Fed and the Bundesbank’s Weidmann warning that Germany may undershoot 1.5% growth this year, though...

01.02.2019 – Turnover in the retail sector fell by 0.1% in nominal terms in December 2018 compared with the previous year. Seasonally adjusted, nominal turnover fell by 0.3% 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 0.3% in December 2018 compared with the previous year....

Not quite 10% walk to work in Switzerland; more than half drive. Nine out of ten employees in Switzerland – or four million people total – commuted to work last year, most of them to another municipality, and most by car. In 2017, the average one-way Swiss commute was 15 kilometres (9.3 miles) and took 30.6 minutes, reported the Federal Statistical Officeexternal link on Tuesday. Some 71% of commuters traveled to...

It was a tense exchange. When even politicians can sense that there’s trouble brewing, there really is trouble brewing. Typically the last to figure these things out, if parliamentarians are up in arms it already isn’t good, to put it mildly. Well, not quite the last to know, there are always central bankers faithfully pulling up the rear of recognizing disappointing reality. At the end of November, Mario Draghi went...

Swiss Franc The Euro has fallen by 0.08% at 1.14 EUR/CHF and USD/CHF, January 31(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The Fed’s dovish tone and earnings news are the main drivers of the capital markets today, helping lift stocks, bonds, and currencies. Large equity markets in Asia, including Japan, Hong Kong, China’s CSI 300, India, and Indonesia, all...

Prospects for French economic growth are looking up, but disruptions to consumption are possible. French GDP rose by 0.3% quarter-on-quarter (q-o-q) in Q4, the same pace as in Q3. The details reveal that Q4 exports surged significantly, while household consumption and investment slowed. This left growth for the year at +1.5%, following +2.3% in 2017. The breakdown of GDP data show that household consumption growth...

© Industryviews Dreamstime.com - Click to enlarge Either at work, at a restaurant, on public transport or in a shop, nearly half of Swiss admit to stealing, according to a survey by moneyland.ch 49% of the 1,500 questioned in the survey admitted to pocketing something without paying. Young people admitted to being the most light fingered. Around a fifth of those aged 18-25 had taken something from the supermarket...

The social media space is absolutely ripe for a new entrant who demands arduous verification and constantly monitors its user base to eliminate cloned and fake accounts. How many accounts on Facebook are fake? Recent estimates of half could be low. Here’s an experiment: open a Facebook account with a name that cannot possibly be anyone else’s real name, for example, Johns XQR Citizenry. Solicit a few real people to...

The state-owned Swiss telecoms operator has branched out into blockchain technology. Daniel Haudenschild has stepped down as Chief Executive Officer of Swisscom Blockchain with immediate effect. The state-owned telecommunications group gave no reason for the shock move by the top manager and shareholder of its blockchain advisory unit. News of Haudenshild’s departure clearly came out of the blue for the Swiss blockchain...

Swiss Franc The Euro has risen by 0.27% at 1.1396 EUR/CHF and USD/CHF, January 30(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The UK Prime Minister has two weeks to strike a new deal with the EC over the Irish backstop or return to Parliament in mid-February to consider alternatives, six weeks before Brexit.  Sterling has recovered about half of...