Why oil producers are reducing output Why oil producers are reducing output Why oil producers are reducing output
Amid falling oil prices, OPEC and allied producing partners have agreed to take 1.2 million barrels per day off the market for another nine months. Economist and energy expert Cornelia Meyer tells us what this move means for consumers and gives her view on the macroeconomic challenges currently facing global markets.
Olivia Chang
Switzerland: rich and getting richer
Personal wealth in Switzerland will likely grow by 3 percent this year on average, says Anna Zakrzewski, managing director of Boston Consulting Group. That assumes markets don’t take a nosedive as they did at the end of 2018 when a big chunk of the world’s wealth was wiped out in a few weeks.
Olivia Chang
Power to the markets!
Eugen Perger, senior analyst at Research Partners, sees strong tailwinds for Swiss power producers like BKW, Romande Energie, and Alpiq. In his view, larger producers should be profitable at current price levels, and considering that unfavorable hedging deals will expire next year, he says better results can be expected.
Hannah Wise
Be nice to the Chief Digital Officer—they could be your next CEO
The Chief Digital Officer (CDO) is one of the newer titles in the C-Suite—and one of the least understood. Christian Wohlgensinger of management consultancy Egon Zehnder explains why a global survey of CDOs found that transforming companies was much more difficult than they expected.
Hannah Wise
Visionapartments CEO and founder sticks to Europe
According to Anja Graf, CEO and founder of Visionapartments, local knowledge is key for growing in a profitable way in real estate. This is one reason she does not see herself expanding to Asia despite strong growth signals in that region.
Hannah Wise
Going digital: Localsearch offers SMEs access to Amazon
About 90 percent of Swiss SMEs don’t have a website adapted to mobile use and search engines, says Stefano Santinelli, CEO of Swisscom-owned localsearch, still best known by some as publisher of the big, bulky telephone book. Today, the company’s main source of revenue is helping these same small businesses build a savvier online presence, including access to e-commerce giants such as Amazon.
Hannah Wise
Swisscanto: Europe needs big bank to compete with Wall Street
Earlier this month, European officials nominated Christine Lagarde as the next ECB president. Her support for greater European fiscal integration could pave the way for more mergers in the crowded banking industry, says Swisscanto’s Daniel Björk.
Hannah Wise
Natixis: Rate cut or not, U.S. economy is facing a slowdown
The S&P 500 hit the 3,000 mark for the first time ever on Wednesday after Federal Reserve Chairman Jerome Powell suggested before Congress that an interest rate cut may be forthcoming. But for Esty Dwek, senior investment strategist at Natixis Investment Managers, Powell didn’t emphasize the risks and uncertainties that lie ahead. In her view, the U.S. economy is facing not a recession, but a slowdown, and risks like a government shutdown haven’t been priced in by markets.
Hannah Wise
Economist on the e-franc: “Do it the Swiss way”
The Swiss stock exchange SIX has asked the Swiss National Bank to issue a digital coin backed by the Swiss franc. For Markus Will, senior economist at the University of St. Gallen, a national cryptocurrency makes sense considering the threat from Facebook’s Libra.
Hannah Wise
Canton Zug wants to make it easier for people to pay in Bitcoin
The Commercial Registry of Zug is now letting people pay their invoices in person using Bitcoin. Since November 2017, only 32 people have paid using crypto because the process has been too “laborious” and “awkward.”
Hannah Wise
Analyst outlook cools for Adecco on sluggish European growth
Adecco shares tumbled more than 5 percent after Goldman Sachs downgraded the stock on weaker anticipated growth in Europe, its largest market. Peter Romanzina, head of brokerage at Vontobel Investment Bank, also sees slower sales ahead for the recruitment firm in Europe, where it has large exposure to the industrial sector.
Hannah Wise
Demand growing for insurance against online defamation
AXA has turned to Swiss online service Silenccio for help protecting its 1.2 million clients against comments on social media that could damage its reputation. Dominique Kasper, AXA’s head of property and casualty in Switzerland, expects up to 200,000 clients will also buy cyber insurance in the next five to seven years.
Olivia Chang
Zurich Insurance: Climate change is a trillion-dollar risk—and an opportunity
Climate change poses significant risks to the economy, and according to Alison Martin, group chief risk officer of Zurich Insurance, we need another “industrial revolution” to facilitate change. When it comes to identifying risks, she says, European companies are ahead of their counterparts in the U.S.
Olivia Chang
Why Deutsche Bank is retreating from Wall Street
Deutsche Bank will cut 18,000 jobs and dramatically shrink its investment bank as part of a costly overhaul that marks a retreat from Wall Street. CNN’s Anna Stewart talks about the reasons behind the restructuring.
Hannah Wise
“Wheel of News”: A round-up of the week’s hot topics
From tensions over U.S-EU tariffs to the EU leadership nominations, economist and energy expert Cornelia Meyer spins the “Wheel of News” in a round-up of the week’s hot topics.

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