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Yves Mirabaud: “Geneva has no choice” but to accept the tax reform Yves Mirabaud: “Geneva has no choice” but to accept the tax reform Yves Mirabaud: “Geneva has no choice” but to accept the tax reform
Will banks in Geneva remain optimistic? It depends on the coming tax and pension reforms, says Yves Mirabaud, chairman of the Geneva Financial Center. The banker also shares his views on the relationship between Switzerland and the EU.
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Ana Maria Montero
Saudi controversy a reminder that certain rules have to be followed
CEOs of three major banks, including Credit Suisse, have become the latest to pull out of a conference in Saudi Arabia. According to Costa Vayenas, senior investment consultant at Wellershoff & Partners, they are a reminder for emerging economies that certain rules have to be followed.
Sarah Chiarello
Sonova will turn to emerging markets for growth, says CEO
Shares in Sonova, the leading hearing-aid maker, have dropped as new players have moved into the market. But according to Sonova CEO Arnd Kaldowski, competitors are not a threat and there’s still room for growth: “In developing countries, the market penetration is only 2 to 3 percent.”
Ana Maria Montero
October 16 Markets Summary: SMI bounces back, flirts with 8,800 mark
The SMI finished the day up 1.64 percent to 8,794.97 after briefly touching the 8,800 point mark. Sonova dipped after the launch of new hearing aid technologies while Clariant welcomed new faces to its board and at the helm.
Ana Maria Montero
“ABB is in a tricky situation,” says Panagiotis Spiliopoulos of Vontobel
Ahead of earnings season, Panagiotis Spiliopoulos, head of research at Vontobel Investment Bank, takes a close look at how Swiss companies performed in the last quarter and what the outlook is.
Ana Maria Montero
“Saudi Arabia is a very exciting market,” says Oliver Bell of T. Rowe Price
Tensions are growing and oil prices are moving higher amid fears of a feud between the U.S. and Saudi Arabia over a missing journalist. Oliver Bell, manager of the Africa and Middle East fund at T. Rowe Price, looks at the economic side of the conflict. In his view, there are lots of reasons to be positive about the Saudi Arabian economy.
Ana Maria Montero
October 15 Markets Summary: Brexit, oil and a missing journalist
The SMI wrapped up the day down 0.08% at 8653.16 points. Elsewhere around the world, the attention was on oil prices with the disappearance of a Saudi journalist triggering geopolitical tensions.
Ana Maria Montero
Alastair McCaig: “Market corrections have been sharp and aggressive”
After a week of higher stock market volatility, Alastair McCaig, head of investment management at Fern Wealth, believes that another correction lies ahead.
Ana Maria Montero
How much protectionism is good for Switzerland?
How far should Switzerland go when it comes to shielding state-owned companies from foreign takeovers? According to Marco Salvi, senior fellow at think tank Avenir Suisse, Swiss companies don’t need to be saved.
Ana Maria Montero
October 12 Markets Summary: Shy rebound for markets
Asian indexes ended the day markedly up, but European stock exchanges struggled to recover fully. The SMI closed slightly up: 0.24% at 8660.25 points. Wall Street remains hesitant, while tech equities in Asia and the U.S. are finding momentum.
Ana Maria Montero
Did the chairman of the Fed really trigger the latest sell-off?
U.S. President Donald Trump has said that he doesn’t like the Federal Reserve’s decision to continue to hike interest rates. According to Esty Dwek, senior investment strategist at Natixis Investment Managers, you can’t really blame the Fed alone for the latest market sell-off.
Ana Maria Montero
October 11 Markets Summary: stocks tumble, SMI feels the pain
This Thursday, global markets continued to struggle with the SMI hit badly, closing down 2.85 percent to 8,639.19. Tonight’s Markets Summary looks at the sell-off in U.S. stocks and why Swiss banks were hit hard.
Ana Maria Montero
“India is like a sleeping giant,” says Chrys Kamber of Picard Angst
For IMF chief Christine Lagarde, India has the potential to become the world’s fastest growing economy. In an interview with CNNMoney Switzerland, Chrys Kamber, head of Indian investments at Picard Angst, sees positive signals despite the macroeconomic headwinds.
Hannah Wise
China playing the yuan game against the U.S.
Patrice Gautry, chief economist at UBP, explains the weakening of the renminbi is part of Beijing’s response to the trade dispute with Washington. He warns that the RMB could be further devalued. Gautry also gives his assessment on what the finance industry can do against global warming.
Hannah Wise
October 10 Markets Summary: shaky markets, stable Bitcoin, slipping renminbi
The SMI was under pressure today and closed down 0.79 percent to 8,892.88. Global markets showed concern over the Italian budget and trade tensions, while Bitcoin reached its lowest volatility point in 17 months.
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