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The methanation gas containers at Regio Energie Solothurn (Keystone) Flatulent bacteria, electric vehicles and a supply network for greenhouses are among the winners of this year’s Watt d’Or competitionexternal link organised by the Federal Office of Energy. “What is the link between flatulence and renewable energy?” the energy office asked. “The answer is Archie, the farting archaeobacteria.” Archie picked up the award in the “renewable energy” category, presented...

The global economy and financial system are both running on the last toxic fumes of financialization and globalization. For two generations, globalization and financialization have been the two engines of global growth and soaring assets. Globalization can mean many things, but its beating heart is the arbitraging of the labor of the powerless, and commodity, environmental and tax costs by the powerful to increase their profits and wealth. In other...

◆ Haven demand ebbs as stocks climb with easing Mideast tensions ◆ Palladium retreats from fresh record but holds near $2,100 ◆ There’s still very strong demand for gold “due to a host of financial, geopolitical and monetary risks,” said Mark O’Byrne, research director at GoldCore Full article on Bloomberg Gold Posts First Loss in 11 Sessions as Trump’s Speech Ebbs Iran War Worries via Marketwatch ◆ Yellow metal falls from highest levels since 2013 ◆ Gold prices...

Markets have reacted positively to President Trump’s press conference yesterday, while the dollar continues to gain traction The North American session is quiet in terms of US data Mexico reports December CPI; Peru is expected to keep rates steady at 2.25% German November IP was slightly better than expected but still tepid; sterling took a hit on dovish comments by outgoing BOE Governor Carney Israel is expected to keep rates steady at 0.25% China reported December...

Swiss Franc The Euro has fallen by 0.07% to 1.0804 EUR/CHF and USD/CHF, January 9(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The S&P 500 recovered from a 10-day low to reach a new record high, which set the tone for the Asia Pacific and European markets today. The MSCI Asia Pacific Index jumped by the most in a month with the Nikkei’s 2% advance leading the way.  More broadly, the markets in Taiwan,...

Per Ende des Berichtsmonats lag der Wert der Devisenreserven bei 770,80 Milliarden Franken, nachdem es Ende November noch 782,95 Milliarden Franken gewesen waren. Der Gesamtbestand der Reserven (exkl. Gold) erreichte Ende Dezember 776,62 Milliarden nach 788,76 Milliarden Franken im Vormonat, wie die SNB am Donnerstag auf ihrer Internetseite mitteilte. Die Daten sind gemäss dem sogenannten Standard zur Verbreitung von Wirtschafts- und Finanzdaten (Special Data...

09.01.2020 – Turnover adjusted for sales days and holidays fell in the retail sector by 0.7% in nominal terms in November 2019 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 adjusted for sales days and holidays remained stable in the retail sector in November 2019 compared with the previous year. Real growth...

The SNB made a profit of around CHF40 billion from its foreign currency positions and a valuation gain of CHF6.9 billion on its gold holdings (Keystone) The Swiss National Bank (SNB) expects to post an annual profit of CHF49 billion ($50.29 billion) for 2019, it said on Thursday, citing big gains from foreign bonds and stocks bought to dampen the value of the safe-haven Swiss franc. The profit, following a loss of CHF15 billion in 2018, means the central bank will...

Die Schweizerische Nationalbank (SNB) hat gemäss provisorischen Berechnungen im Geschäftsjahr 2019 einen Gewinn von rund 49 Milliarden Franken erzielt. Der Löwenanteil des Gewinns entfiel mit 40 Milliarden auf die Fremdwährungspositionen. Auf dem Goldbestand resultierte derweil ein Bewertungsgewinn von 6,9 Milliarden, und der Erfolg auf den Frankenpositionen (mehrheitlich Negativzinsen) belief sich auf rund 2 Milliarden Franken. Die Zuweisung an die Rückstellungen...

When I write that there are no winners around the world, what I mean is more comprehensive than just the trade wars. On that one narrow account, of course there are winners and losers. The Chinese are big losers, as the Census Bureau numbers plainly show (as well as China’s own). But even the winners of the trade wars find themselves wondering where all the spoils are. They may be winners because of it but somehow they all still end up in the losing column. Late...