News by tag: Switzerland

31.01.2018

Swiss watch industry recorded the worst result since 1984

Switzerland exported the fewest quartz watches in 33 years as competition from fitness bands and smartwatches pummeled the low end of the market and forced the industry to refocus on more expensive mechanical timepieces. Swiss watchmakers shipped 17 million quartz and electronic timepieces in 2017, the lowest number since 1984, according to statistics published Tuesday by the Federation of the Swiss Watch Industry. By value, that was worth 3.5 billion francs ($3.7 billion), down 3.8 percent from 2016.

 
Read More
31.01.2018

Tax secrecy index: Switzerland is the world's worst

Switzerland and the United States are the biggest promoters of financial secrecy according to an index published today by the Tax Justice Network (TJN). The index ranks countries based on their level of secrecy and the percentage of financial services provided to non-residents.

 
Read More
30.01.2018

Swiss KOF barometer slides in January

In January, the KOF Economic Barometer does not continue its upward tendency, which started in September 2017, but has declined. However, despite the decline, the indicator remains well above its long-term average. It still indicates a more dynamic economic development than in mid-2017. The recovery of the Swiss economy is thus likely to continue, albeit with slightly less momentum than indicated in the past few months.

 
Read More
29.01.2018

Cryptocurrencies in online auction may change art investing

Online auctioneer Paddle8 is trying a new tack: merging with The Native, a Swiss technology and e-commerce company, and adopting the use of blockchain, the technology that underpins virtual currencies like Bitcoin, reports the New York Times. Paddle8 announced on Tuesday that it had taken an investment from The Native, creating what the two say is a partnership meant to adapt online art sales — and potentially more — to an age of wealthy millennials well versed in virtual currencies.

 
Read More
29.01.2018

Best Country: Switzerland ranked first, another time

Switzerland held its position as the No. 1 country in the world, according to the 2018 Best Countries report, a rankings and analysis project by U.S. News & World Report, Y&R's BAV Group and the Wharton School of the University of Pennsylvania. In its third year, the rankings evaluate 80 countries across a range of criteria, from economic influence and power to citizenship and quality of life, to capture how nations are perceived on a global scale.

 
Read More
26.01.2018

Switzerland-EU agreement may appear a big question

It is politically impossible for neutral Switzerland to sign in the foreseeable future a new treaty binding it closer to the European Union despite pressure from Brussels, Finance Minister Ueli Maurer said in a newspaper interview. Maurer told the Neue Zürcher Zeitung newspaper on Friday that he didn’t think a new EU framework treaty was possible soon. “If we try it nonetheless, both sides will be under pressure and this will not lead to good negotiating results,” he said.

 
Read More
24.01.2018

Switzerland, Hong Kong strengthen financial cooperation

The authorities and private sector representatives from China's Hong Kong Special Administrative Region (HKSAR) on Tuesday signed three Memorandums of Understanding (MoU) with Switzerland to strengthen financial cooperation, said the Hong Kong Monetary Authority (HKMA).

 
Read More
23.01.2018

Switzerland aims for the Crypto Nation

Johann Schneider-Ammann, Switzerland's economics minister, has said that the landlocked country should strive to "become the crypto-nation" if experiences in the Canton of Zug, colloquially known as Crypto Valley, remain positive. He made the comment in an interview with the news outlet SRF, as well as in a speech to the Crypto Finance Conference in St. Moritz, where he spoke after receiving a so-called "crypto award."

 
Read More
22.01.2018

US tax reform pushes UBS fourth quarter to loss

The Swiss bank UBS reported a net profit of 1.165 billion Swiss francs ($1.25 billion) for the whole of 2017, weighed down by a writedown in the fourth quarter that related to the new U.S. tax overhaul. The consensus from a Reuters poll was for a figure of 1.257 billion Swiss francs, below the 2016 number of 3.3 billion Swiss francs and below the 2015 figure of 6.2 billion Swiss francs.

 
Read More
19.01.2018

Switzerland considers to set up blockchain and ICOs

Switzerland has established a working group tasked with investigating the possibility of regulating blockchain technology and initial coin offerings (ICOs) in the country, as per a report by Reuters. The working group will be required to present a report to the government by the end of 2018.

 
Read More




Events


Semptember 2015
  • 01
    Mar

    The Lead Quantitative & Asset Management Event in Europe

  • 16
    Mar

    Das Swiss Funds & Asset Management Forum ist die national führende Konferenz der Fonds- und Asset M

  • 20
    Mar

    Seize the opportunity to get up to date on the topics of secondary buyouts, the real estate bubble,

  • 15
    May

    The aim of this forum is to offer an additional incentive for pension fund representatives to visit

  • 06
    Jun

    The aim of this forum is to offer an additional incentive for pension fund representatives to visit

See All

newsletter

Updates and news from MarketPlus