Swiss President Ueli Maurer will pay a visit to China starting Monday, accompanied by a delegation of bankers and businesspeople from companies including Novartis and Holcim. Cornelia Meyer, economist and energy expert, discusses what will be on the agenda and what the implications will be for Switzerland.
The departure of ABB's chief executive Ulrich Spiesshofer took the market by surprise on Wednesday. But now is a good time for a new leader with a different set of skills, says Redburn's James Moore. He adds that it could spell the beginning of a further break-up of the company in the future.
Esports may be the next big thing in sports sponsoring. Global revenues could hit $1.1 billion in 2019. Carlos Mejia, CIO at Rothschild & Co Wealth Management, assesses the ways that investors could participate in this bonanza.
Historical monuments as valuable as the Notre Dame cathedral are too big to insure. However, insurers can advise governments on how to prevent disasters, says Jad Ariss, secretary general of insurance thinktank The Geneva Association. He also says insurance firms should look at using catastrophe bonds to cover national landmarks.
Swiss watchmaker Breitling announced it will skip Baselworld next year, dealing another blow to the struggling watch and jewelry fair. The move comes after Swatch Group already pulled out this year. For watch journalist Alexander Linz, the decision makes sense for Breitling but is a “mess” for the fair, which has already adapted its pricing model and dates to better serve the industry.
SNB Chairman Thomas Jordan said that the central bank has room to lower their already negative interest rates even further. For Cédric Tille, economics professor at the Graduate Institute Geneva, the main concern is low inflation in Europe, which is putting pressure on the ECB to ease monetary policy.
Trading of Stadler Rail shares on the SIX Swiss Exchange began on Friday. Shares jumped early in the morning thanks to the promising outlook for the Swiss producer of locomotives and trains. CNNMoney's Editor in Chief Andreas Schaffner talks about the reason behind the listing and the outlook for the market.
Surprisingly strong trade data out of China and better-than-expected U.S. bank results boosted global markets today. In Switzerland, the SMI retreated as investors shifted from defensive stocks into financials.
Rudolf Minsch, chief economist at Swiss business federation economiesuisse, takes issue with the IMF’s view that Switzerland should increase public spending.