Tag Archives: newsletter

Point of contention: the halal label on this Swiss chocolate (Copyright 2016 The Associated Press. All rights reserved.) Some consumers in Switzerland and abroad have been questioning the halal label on Toblerone chocolate bars. Although certified as halal in April, it was only this week that a small storm began brewing on social media – with some people calling for boycotts of the chocolate produced by Mondelez in...

The shift to tighter monetary policies in the West is weakening credit markets. Over-indebted emerging markets face headwinds from rising borrowing costs and dollar shortages… Investors need to focus on their response to financial stresses in an era in which policymakers will be constrained. The “everything bubble” is deflating. The fact that it’s happening relatively slowly shouldn’t blind us to the real threat: The...

Switzerland hosts renowned luxury watch and jewellery companies and is the world leader in the gold refining market. (Keystone) The Swiss branch of the environmental organisation, WWF, has called on Swiss-based watch companies to take more responsibility for ecological and social impacts, notably the use of gold. In its reportexternal link analysing the 15 biggest watch brands, the WWF says its findings are highly...

It seems many were disappointed by the speech delivered by Xi Jinping. China’s supreme leader spoke at the Great Hall of the People in Beijing today on the 40th anniversary of his country’s first embrace of economic reform. Commentators had been expecting Xi to use the occasion to recommit to liberalization, further opening China to free market forces. Some others, as we’ve noted, were hoping China’s President would go...

It’s all about the European Central Bank’s hiking cycle. In our central scenario, we expect the 10-year Bund yield to rise gradually to 0.8% by the end of next year from 0.26% on 17 December. Underpinning this upward movement is our expectation of a cumulative deposit rate hike of 40 basis points (bps) by the ECB, against current market expectations of only 10 bps. The euro area economic activity has been decelerating...

© Melinda Nagy | Dreamstime.com Today, The Federal Council, Switzerland’s executive, announced it has approved a deal safeguarding the rights of Swiss and UK citizens after Brexit. The agreement is part of a package of deals being worked out as part of a plan dubbed “Mind the Gap”. Under the agreement, any UK citizen residing in Switzerland before Brexit will retain all of their existing rights for life. The same will...

20.12.2018 – The construction price index recorded a rise of 0.3% between April and October 2018, reaching 99.3 points (October 2015 = 100). This result reflects a greater increase in civil engineering prices than in building prices. Year on year, construction prices increased by 0.6%. These are the results of the Federal Statistical Office (FSO). Development of the construction price index in Switzerland Source:...

© Vadimgozhda | Dreamstime.com Heidi Joos, the managing director of the organisation Avenir 50 plus, and others, plan to launch a referendum aimed at introducing laws against age discrimination in Switzerland. Age discrimination in recruitment is common in Switzerland. Some job search websites allow filtering by age, and job adverts sometimes specify applicants be below a particular age. The initiative aims to provide a...

Over the past five sessions, the yen is the strongest of the major currencies, appreciating about 1.7% against the US dollar, eclipsing the Swedish krona, which rallied strongly today after the Riksbank’s surprise rate hike. Given the sell-off in equities and the decline in markets, the yen’s strength is not surprising. What was surprising though was the dollar’s resilience against the yen earlier this month as equities...

Swiss Franc The Euro has risen by 0.04% at 1.1308 EUR/CHF and USD/CHF, December 21(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: There is little reprieve from the equity meltdown ahead of the weekend.  Major markets in the Asia-Pacific region, including Japan, China, India, and Australia pushed lower. The MSCI index of the region is near 15-month lows. The Dow...