After spinning off from Novartis Alcon entered the market with a valuation of CHF 28 billion. The big push that came with it helped the SMI reach an intraday all-time high, though it eventually finished just shy of that at 9,582.22 after a bump of 0.37 percent.
Economiesuisse opposes IMF’s view of Swiss fiscal policy
Rudolf Minsch, chief economist at Swiss lobbying group economiesuisse, takes issue with the IMF’s view that Switzerland should increase public spending.
New Brexit deadline makes life harder for Switzerland
Switzerland is going to have a tougher time winning concessions for its framework agreement with the EU after the bloc’s decision to delay the Brexit deadline, says Costas Vayenas, senior investment consultant at Wellershoff & Partners.
April 11 Markets Summary: Swiss bankruptcies at all-time high
Financial losses in bankruptcy proceedings reached the CHF 2 billion mark in 2018. Barry Callebaut celebrated a strong first half of its financial year while Swatch also enjoyed a big day. The SMI closed down 0.07 percent finishing at 9,549.26.
Will the Bitcoin rally last?
After last year’s collapse, Bitcoin has surged in recent weeks, as investors search for bigger returns and diversity, according to Alain Kunz, CEO and founder of TokenSuisse. He predicts the cryptocurrency will end the year on a high note but added, “I would not say we’re going to see 20,000 again.”
Swisscom CEO: No evidence of Huawei wrongdoing
Swisscom will bring the first 5G phone in Switzerland to market in May with plans to expand the 5G network to 90 percent of the country by the end of 2019. CEO Urs Schaeppi explains why the nation’s radiation limits are holding Swisscom back and where the company stands on the Huawei controversy.