Swiss Franc The Euro has risen by 0.06% at 1.1348 EUR/CHF and USD/CHF, March 18(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The eventful week has begun off slowly. After Wall Street’s best week in four months underpinned Asian’ equities, where all the markets but Thailand, advanced, led by the nearly 2.5% rally in Shanghai. Note that New Zealand’s...
Read More »FX Weekly Preview: Three Highlights in the Week Ahead
Three events next week will shape the investment climate. The Federal Reserve meets and will update its forecasts and guidance. The British House of Commons may vote for a third time on the Withdrawal Bill before Prime Minister May heads of the EU Summit to ask for an extension of the UK leaving the EU. The eurozone sees the flash March PMI, with great hope that the green shoots of spring will be evident. There is...
Read More »Brexit update: UK parliament opts for an extension
After an eventful week in parliament, the Brexit ball is set to keep rolling as MPs move to extend the 29 March deadline. The British Parliament concluded a series of votes on Brexit this week with an intention to extend the 29 March Brexit deadline. What remains unclear at this point is whether the UK will seek a short (two months) or a longer extension (two years). It is also not clear what this extension would be...
Read More »The Coming Crisis the Fed Can’t Fix: Credit Exhaustion
Thus will end the central banks’ bombastic hubris and the public’s faith in central banks’ godlike powers. Having fixed the liquidity crisis of 2008-09 and kept a perversely unequal “recovery” staggering forward for a decade, central banks now believe there is no crisis they can’t defeat: Liquidity crisis? Flood the global financial system with liquidity. Interest rates above zero? Create trillions out of thin air and...
Read More »US lobbies Switzerland to drop Chinese telecom giant Huawei
Sunrise is working in Switzerland with Chinese tech giant Huawei on the new generation of “5G” mobile Internet connectivity. (Keystone) The US has expressed concern over the use of Chinese technology in Switzerland, suggesting it may be used for espionage, reports the Sonntagszeitung newspaper. Sonntagszeitung cited the Swiss foreign ministryexternal link as saying that the US embassy in Bern had conducted “an exchange...
Read More »US lobbies Switzerland to drop Chinese telecom giant Huawei
Sunrise is working in Switzerland with Chinese tech giant Huawei on the new generation of “5G” mobile Internet connectivity. (Keystone) The US has expressed concern over the use of Chinese technology in Switzerland, suggesting it may be used for espionage, reports the Sonntagszeitung newspaper. Sonntagszeitung cited the Swiss foreign ministryexternal link as saying that the US embassy in Bern had conducted “an exchange...
Read More »Swiss agency suspends payments to migration platform
The Swiss Agency for Development and Cooperation (SDC) has temporarily suspended payments to a civil society platform on migration issues. Financial conflicts of interest and accusations of pro-migration bias are being investigated. On Thursday, the Federal Department of Foreign Affairs (FDFA) confirmed that the Swiss Civil Society Platform on Migration and Developmentexternal link will not be receiving any further...
Read More »Swiss agency suspends payments to migration platform
The Swiss Agency for Development and Cooperation (SDC) has temporarily suspended payments to a civil society platform on migration issues. Financial conflicts of interest and accusations of pro-migration bias are being investigated. On Thursday, the Federal Department of Foreign Affairs (FDFA) confirmed that the Swiss Civil Society Platform on Migration and Developmentexternal link will not be receiving any further...
Read More »Monthly Macro Chart Review – March (VIDEO)
Alhambra CEO discusses the most important economic reports from the past month. [embedded content] Related posts: Monthly Macro Chart Review – March Monthly Macro Monitor – February (VIDEO) Monthly Macro Monitor – October 2018 (VIDEO) Monthly Macro Monitor – December 2018 (VIDEO) Monthly Macro Monitor – September 2018 Monthly Macro Monitor – January 2019 Monthly Macro Monitor...
Read More »Rothschilds To Take Swiss Bank Private In 100 Million Francs Bid
Benjamin de Rothschild’s family plans to take Swiss Bank Edmond de Rothschild (Suisse) S.A. private as it consolidates and simplifies the bank’s legal structure. According to Bloomberg, Edmond de Rothschild Holding SA will acquire all publicly held Edmond de Rothschild (Suisse) bearer shares at 17,945 francs per share, a 6.7% premium to Tuesday’s closing price, in a deal worth about $100 million. The Swiss bank, which...
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