Tag Archives: newsletter

The SKS consumer group says there are enough rules regarding unsolicited phone calls in Switzerland, but they are not properly enforced (© KEYSTONE / GAETAN BALLY) According to a consumer group, over 18 million unsolicited telephone calls are made every month in Switzerland. The SKS consumer group for German-speaking regionsexternal link has addressed the problem of unsolicited phone calls in a letter sent to a Swiss...

Since I don’t speak Japanese, I’m left to wonder if there is an intent to embellish the translation. Whoever is responsible for writing in English what is written by the Bank of Japan in Japanese, they are at times surely seeking out attention. However its monetary policy may be described in the original language, for us it has become so very clownish. At the end of last July, BoJ’s governing body made a split...

Everyone hates LIBOR, until it does something interesting. It used to be the most boring interest rate in the world. When it was that, it was also the most important. Though it followed along federal funds this was only because of the arb between onshore (NYC) and offshore (mainly London, sometimes Caymans) conducted by banks between themselves and their subs (whichever was located where). Unsecured markets used to be...

Swiss Franc The Euro has fallen by 0.24% at 1.1359 EUR/CHF and USD/CHF, February 07(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The five-day advance of the S&P 500 stalled yesterday and global equities are mixed today. Most Asian centers remain closed, Japan and some small markets were lower, while Taiwan, Australia, and India moved higher. The...

Overnight stays in Swiss Alpine resorts have increased for four consecutive seasons since winter 2016/17, with summer destinations doing better than winter destinations. Lucerne topped an international study of 145 resorts. Overnights in the Swiss Alpine region grew by 5% in 2017 and 3.3% in 2018, according to a study, BAK Topindexexternal link, by the BAK Economics research institute. The Topindex looks at the...

Bicycle couriers have been offered protection against lower-paid competitors. (© KEYSTONE / CHRISTIAN BEUTLER) Swiss bicycle couriers have signed a ‘Europe-first’ collective bargaining agreement deal aimed at protecting them from cheaper rivals, such as the food delivery service Uber Eats. The courier employer’s association Swissmessengerlogistics (SML) negotiated the contract with the trade union Syndicomexternal link...

All the policies that worked in the Boost Phase no longer work. Natural and human systems tend to go through stages of expansion, stagnation and decline that follow what’s known as the S-Curve. The dynamic isn’t difficult to understand: an unfilled ecological niche is suddenly open due to a new adaptation; a bacteria evolves to exploit a new host, etc. Expansion is rapid until the niche is fully occupied, and then...

Swiss Franc The Euro has fallen by 0.17% at 1.139 EUR/CHF and USD/CHF, February 06(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The rally in equities is threatening to pause today, even though the few markets open in Asia edged higher. Europe’s Dow Jones Stoxx 600, which has advanced in eight of the past ten sessions and six in a row, is seeing some...

© Charlieaja | Dreamstime.com A recent survey by the Federal Statistical Office shows the overall median pay gap in Switzerland’s private sector shrunk to 12% in 2016, down from 12.5% in 2014 and 15.6% in 2010. In 2016, median pay for women was CHF 6,011 francs a month and median pay for men was CHF 6,830. The gap rose to 18.54% for the highest management positions. Here median pay for men was CHF 10,878 and CHF 8,861...

Washington, DC (February 5, 2018) – A member of the U.S. House Financial Services Committee today pressed the Commodities Futures Trading Commission (CFTC) on its conspicuous failure to uncover the very silver market manipulation now being prosecuted by the U.S. Department of Justice. In a probing letter dated February 5 to CFTC Chairman J. Christopher Giancarlo, Rep. Alex X. Mooney (R-WV) writes: “U.S. Justice...