Tag Archives: Swiss Markets and News

According to European Central Bank President Mario Draghi “uncertainty prevails everywhere” but apparently investors don’t mind. Market participants shrugged off last weekends “no” to constitutional reform in Italy and the subsequent resignation of Prime Minister Matteo Renzi to push European indices to 12 month highs this week. The Swiss Market Index followed European markets higher. The German DAX and France’s CAC...

According to European Central Bank President Mario Draghi “uncertainty prevails everywhere” but apparently investors don’t mind. Market participants shrugged off last weekends “no” to constitutional reform in Italy and the subsequent resignation of Prime Minister Matteo Renzi to push European indices to 12 month highs this week. The Swiss Market Index followed European markets higher. The German DAX and France’s CAC...

Switzerland’s plan to solve an immigration dilemma with the European Union could avoid being held up by another referendum if it gets strong support in parliament next week, according to Swiss President Johann Schneider-Ammann.[embedded content] A clear result in a final vote on Dec. 16 with the Swiss People’s Party, or SVP, in the minority could make it “delicate” for the group to push for another plebiscite, he said...

Switzerland’s plan to solve an immigration dilemma with the European Union could avoid being held up by another referendum if it gets strong support in parliament next week, according to Swiss President Johann Schneider-Ammann.[embedded content] A clear result in a final vote on Dec. 16 with the Swiss People’s Party, or SVP, in the minority could make it “delicate” for the group to push for another plebiscite, he said...

Richemont’s plan to slash 210 watchmaking jobs in Switzerland is sending shockwaves from Geneva to some of the country’s remote mountain villages, the cradle of high-end watch manufacturing. In Le Sentier, a town perched in the middle of the Jura mountain range, straddling the border between France and Switzerland, some 400 people protested Thursday against plans to cut the workforce of Vacheron Constantin and Piaget....

© Phillip Judd - Click to enlarge The contractural requirement for Swisscom to provide every commune with a telephone box comes to an end at the end of next year. Late last week, the Federal Council adopted a new plan that will come into force in 2018. Internet subscriptions without a fixed phone contract should also be part of the new plan. The current deal with Swisscom, which requires the company to provide...

After seven years on top, Swisscom has been beaten by Sunrise. The German telecommunications expert and magazine publisher, connect.de and its partner P3, travelled roughly 7,000 km by car around Switzerland testing Swiss mobile networks. Tests were also made while walking and on trains. The results were published on Tuesday. © Hai Huy Ton That | Dreamstime.com - Click to enlarge Out of a possible 1,000 points,...

SMI Investors appear to be staying on the sidelines this week ahead of the weekend’s Italian referendum. Swiss stocks are set to finish the week lower, underperforming global equities as food giant Nestle and pharmaceutical heavyweights Roche and Novartis drag the index down. SMI Index, December 02 - Click to enlarge Economic Data It’s been a volatile trading week across financial markets. Oil prices jumped almost...

SMI Investors appear to be staying on the sidelines this week ahead of the weekend’s Italian referendum. Swiss stocks are set to finish the week lower, underperforming global equities as food giant Nestle and pharmaceutical heavyweights Roche and Novartis drag the index down. SMI Index, December 02 - Click to enlarge Economic Data It’s been a volatile trading week across financial markets. Oil prices jumped almost...

Switzerland retains its number one spot in IMD‘s most recent 2016 World Talent Report. Unlike the other 60 nations in the study, which have seen their performance gyrate, a plot of Switzerland’s rank over the last ten years is a perfectly straight line. First ten years in a row. The study looks at three things: investment in people, ability to attract skilled foreigners, and readiness, a measure of the availability of...