The gross domestic product grew between 2013 and 2014 in all Great Regions of Switzerland according to data published by the Federal Statistical. Swiss GDP showed an increase by 2.0% in 2014, in line data recorded in 2013 (+ 1.8%); the impetus came from foreign trade and investment, not to mention the service sector, in particular the wholesale trade as well as some export industries. The financial sector, however, after the strong growth of 2013, slowed.
SBB will launch on bitcoin market: from next November 11, travelers can buy the digital currency from the vending machines. Swiss railways intend to start a two-year test phase to determine whether there is a market for this kind of news.
This year has been full of surprises. Commodity prices kicked things off with a steep and unexpected drop before steadily rebounding. Then Brexit happened – or the vote did, at least. The political pandemonium has been prolonged since, with Donald Trump closing in on presidential rival and early-favourite Hilary Clinton.
Japan's consumer prices fell in September for the seventh straight month, data showed Friday, heaping more pressure on the central bank to push back its inflation target deadline, the government announced Friday. The disappointing data came as the world's third largest economy struggles to kick-start growth and conquer a long battle against deflation.
D. Salvatore, Distinguished Professor of Economics and Director of the Global Economic Policy Center at Fordham University (New York), will examine the prospects and policies for United States, Europe, Japan, China , India, Brazil and Russia to overcome recession and return to rapid growth.
By mid-Thursday the USD/CAD currency exchange rate had touched the 1.3395 level and retreated from it. Although the pair retreated from the 1.3395 level, there are no notable resistance levels at that point, as even the upper Bollinger band was located at 1.3402 on Thursday. It is most likely that the exchange rate is affected by some sort of short term resistance, which has propelled the rate lower for now. In the meantime, on the daily chart the pair faces no resistance up to the level of 1.3463, where the weekly R1 is located at. The only exception being the mentioned Bollinger band.
The Swiss rental market is expected to contract again in 2017. Wüest & Partner, real estate consulting firm, provides an average contraction of 0.7% in Ticino, the decline will be less marked. The reference rate, since its unification in Switzerland in 2008, fell from 3.5% to 1.75%, allowing a decline in rents of up to 17% to the benefit of long-time tenants, as the report "Immo-Monitoring" refers.
The German chemical group BASF will cut 180 jobs in the Basel region: the cut will occur within 2018 and will cover the area of research and development. The measure is part of a restructuring launched worldwide. In the research center in Basel - with offices in Basel and Schweizerhalle-Rosental - BASF works with additives and pigments for plastics and lacquers, as well as new materials for organic electronics and 3D printing. Most of these activities will be halted or moved elsewhere in the group, it said in a statement. The Basel region will remain important, however, for other research and development activities, emphasizes the group. In addition to the 180 jobs eliminated there will be an additional 100 to be transferred to other business units in Switzerland.
The Belgian government and its regions have reached an agreement over the CETA trade pact between the EU and Canada, Prime Minister Charles Michel told reporters in Brussels. Early in the morning he said on Twitter: “Belgian agreement on #CETA . All parliaments are now able to approve by tomorrow at midnight. Important step for EU and Canada".
Deutsche Bank reported a profit of €278m in Q3, which compares favorably to a 6 billion euro loss for the same period a year ago, beating analysts' average expectations that it would make a net loss of around €610 million. Deutsche Bank said the "tough interest rate environment" and "unsettling effect" of negotiations with US authorities had been felt.
Regulierung – seit der Finanzkrise prägt der Ruf nach mehr Kontrolle das Banking: Wegen regulator
Die Fonds-Konferenz der SKSF ist eine wichtige, branchenspezifische Plattform für Wissens- und Erfa
2 evenings to find out about the latest from the digital industry & 2 days to find ideas and to crea
ICDA will return this year to its alpine home for the 38th Bürgenstock Meeting.
The objective of the Conference is to bring together all the diverse stakeholdersinterested in a pol
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