Pictet expecting another two rate cuts by the Fed this year
Despite positive signals coming from the U.S., Patrick Zweifel of Pictet Asset Management expects the Fed to cut interest rates twice this year. The economist has a moderate outlook for global growth with emerging markets poised for a rebound.
SoftwareONE makes successful Swiss stock market debut
SoftwareONE rose 3.32 percent on its first day of trading, valuing the Swiss tech company at more than CHF 2.9 billion. It is the fifth firm to list on the SIX stock exchange this year, cashing in on a market that came within reach of its all-time high on Friday. ‘’For us, Switzerland is a strategic location,’’ says CEO Dieter Schlosser.
The currency risks of building up a Swiss pension pot
Expats building up their pension pot in Swiss francs could face some currency risks should exchange rates significantly change and they withdraw their plans when moving abroad, says Alastair McCaig, Fern Wealth’s director of investment management.
Mario Draghi’s legacy—and what it means for Switzerland
Mario Draghi led the European Central Bank for eight years, including during the eurozone crisis, but will now make way for former IMF head Christine Lagarde. Stéphane Monier, CIO of Lombard Odier Private Bank, looks at Draghi’s legacy in the current negative interest rate environment from a Swiss perspective.
Coople cashes in on the growing gig economy
Coople, the Swiss-founded on-demand recruitment platform, just bagged USD 32 million in a Series C round from investors, including Goldman Sachs. Three years after the company expanded into the UK, it plans to use some of the funding to launch in the Netherlands and “one other international market.”
Switzerland seeks tighter trade ties with East Africa
A trade mission from Switzerland will head to East Africa next month as the continent tries to move beyond oil and mining. The region, one of the world’s fastest-growing economies, has taken ‘’huge steps’’ to lower trade barriers, says Barnaby Fletcher, regional associate director for the consulting firm Control Risks.
Appetite grows for renewable infrastructure investment
Infrastructure projects in the renewable sector have become increasingly attractive, with average running costs halving over the past decade, according to Jean-Francis Dusch, global head of infrastructure at Edmond de Rothschild Asset Management. He predicts growing investor appetite for these projects in the future.
Novartis “on track” to bring one of the most expensive drugs to Europe
From medical acquisitions to tech developments and even an additional possible share buyback in the future, Novartis CEO Vasant Narasimhan explains how he plans to spend as free cash flow jumps 26 percent in the latest results. In an interview with CNNMoney Switzerland’s Hannah Wise, Narasimhan reaffirms plans to bring the highly controversial drug Zolgensma to Europe.