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Swiss Franc The Euro has risen by 0.12% at 1.1099 EUR/CHF and USD/CHF, June 24(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The Trump-Xi meeting at the G20 this coming weekend and heightened tensions in the Gulf, with the US set to impose new sanctions on Iran’s crippled economy are keeping investors on edge. News the opposition won the re-do of the...

Hackathons are high-octane events that challenge teams to provide solutions using technology More than 200 hackers from 19 countries converged on Switzerland at the weekend to take part in the Swiss Blockchain Hackathon. Participants were challenged to come up with blockchain innovations in a variety of sectors as diverse as finance, logistics and agriculture. Switzerland has hosted numerous hackathons over the past few...

Current Account Key figures: Current Account: Up 2.35% against Q1/2018 to 17.2 bn. CHF of which Goods Trade Balance:  Minust 0.62% against Q1/2018 to 15.9 bn. of which the Services Balance: Plus 21.1% to 6.8 bn. of which Investment Income: Plus 5.8% to 3.5 bn. CHF.   Current Account Switzerland Q1 2019(see more posts on Switzerland Balance of Payments, Switzerland Capital Account, Switzerland Current Account,...

Central banks are prepared to take fresh measures to strengthen and extend the business cycle primarily because price pressures are below what their predecessors thought would be acceptable levels. Draghi, speaking for the ECB, the Federal Reserve, and the Bank of Japan ratcheted up their concerns, which, even without new initiatives, were sufficient to drive interest rates lower. Eurozone There is no real definition...

The Swiss online shopping trend is particularly benefiting foreign retailers. Online shopping accounts for an ever bigger slice of the Swiss retail market as shopping via smartphone also becomes more popular with consumers, says a new report. Last year, Swiss consumers placed online orders worth a total of almost CHF 10 billion ($10 billion), according to the “E-Commerce Report 2019” published on Thursday. This...

The asymmetries are piling up and we’re cracking under the weight. Judging by the record-high stock market and the record-low unemployment rate, the “recovery” has reached new heights of prosperity. Academics and think-tankers viewing the global economy from 40,000 feet are brimming with policies to bring the remaining laggards into the booming economy. You can imagine them rubbing their hands with glee as they quote...

© Marc Bruxelle _ Dreamstime.com In 2018, Switzerland and the EU struck a deal to extend Swiss stock market equivalence until 30 June 2019, a date fast approaching. Stock market equivalence makes a trade on the Swiss stock exchange equivalent to a trade on an exchange in an EU country. This allows trades to be pooled across countries, something that supports global trade and improves international market liquidity, a...

Our society has a legal structure of self-rule and ownership of capital, but in reality it is a Neofeudal Oligarchy. The Inheritance of Rome: Illuminating the Dark Ages 400-1000 is not an easy, breezy read; its length and detail are daunting. The effort is well worth it, as the book helps us understand how the power structures of societies change over time in ways that may be largely invisible to those living through...

One million dollars in Switzerland won’t buy you a mansion, but it’s not bad. Switzerland is home to the fourth-largest number of dollar millionaire households, according to a report by the Boston Consultancy Group (BCG). Worldwide, the number of such millionaires continues to rise. There are now some 500,000 millionaire households in Switzerland, BCG said, putting the Swiss in fourth place behind the US (around 15...

Swiss Franc The Euro has risen by 0.30% at 1.1115 EUR/CHF and USD/CHF, June 21(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The global capital markets are trading quietly ahead of the weekend. Equity markets are mostly narrowly mixed. Chinese shares extended their run, and the major benchmarks were up 4%+ on the week. Japan, Australia, South Korea, and...