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Swiss watch exports grew by 6.3% in 2018, breaking the CHF21 billion ($21.2 billion) mark. This increase, largely due to Asian markets, is set to continue this year despite uncertainty surrounding the Chinese economy. Swiss watchmakers are cautiously optimistic despite global political and economic uncertainty - Click to enlarge Exports to Hong Kong shot up by 19.1% (to CHF3 billion francs) and to China by 11.7% (to...

Novartis imports some 120 million packs of medicines into the UK each year. - Click to enlarge Swiss pharmaceuticals giant Novartis says a no-deal Brexit could hurt patients and that it is stockpiling medicines in the UK to help ensure continuity of supply. In a press releaseexternal link on Friday, it said that after the British parliament’s rejection of Prime Minister Theresa May’s Brexit deal, “the risk of UK...

Wealth is flowing to those who earn money from their human capital and enterprise. So you want to get rich: OK, what’s the plan? If you ask youngsters how to get rich, many will respond by listing the professions the media focuses on: entertainment, actors/actresses, pro athletes, and maybe a few lionized inventors or CEOs. The media’s glorification of the few at the top of these sectors masks the statistical reality...

Buy bitcoin or gold? Bitcoin buyers are investing in gold in 2019 Poll of 4,000 bitcoin buyers shows their No 1 investment in 2019 is gold “Gold lost to bitcoin and now it’s going the other way…” says ETF strategist “Gold is a store of value and there’s no disputing that…” Buy Bitcoin or Gold(see more posts on gold price, )Gold in USD (10 Years) – GoldCore.com - Click to enlarge via CNBC.com Bitcoin’s hot streak is...

Swiss Franc The Euro has risen by 0.19% at 1.1353 EUR/CHF and USD/CHF, January 29(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The positive impulse in the capital markets seen last week has faded. The gap higher opening ahead of the weekend by the S&P 500 was follow by a gap lower opening yesterday. The US threatened crackdown on Huawei disrupted...

With a jam-packed week for investors, and several high profile earnings reports, first look at Q4 GDP, the resumption of US-China trade talks, the FOMC meeting, and US jobs, it was a good time to be invited on the set of Bloomberg TV, with David Westin and Lisa Abramowicz. The clip here is with Matt Winkler, Editor-in-Chief Emeritus. Winkler has a piece out today that compares the US economic performance under the...

Luxury watches are an important status symbol in China, as in many other parts of the world. - Click to enlarge The Sino-Swiss free trade agreement (FTA) is having only a limited effect on the fight against fake watches, according to a Swiss official. Steps taken by Beijing to counter fraud are often not being enforced by courts. Speaking to Swiss public broadcaster SRF, deputy director of the Swiss Federal Institute...

via Marketwatch: Gold futures settled above $1,300 an ounce on Friday, with prices for the yellow metal at their highest since June as the U.S. dollar pulled back and investors eyed geopolitical turmoil and global growth worries. Rising gold prices reflect “political uncertainty” in the U.S., Eurozone, Venezuela and pockets of South America, as well as China-U.S. trade talks, said George Gero, managing director in RBC....

Newly elected Representative Alexandria Ocasio-Cortez recently said that Modern Monetary Theory (MMT) absolutely needed to be “a larger part of our conversation.” Her comment shines a spotlight on MMT. So what is it? According to Wikipedia, it is: “a macroeconomic theory that describes the currency as a public monopoly and unemployment as the evidence that a currency monopolist is restricting the supply of the financial...

Swiss Franc The Euro has risen by 0.05% at 1.1331 EUR/CHF and USD/CHF, January 28(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The global capital markets are consolidating ahead of this week’s big events, which include the FOMC meeting, US jobs, an important Brexit vote in the UK parliament and the first look at Q4 EMU and US GDP. The US dollar is narrowly...