The first call of the Italy-Switzerland 2014-2020 Interreg program begins with the stage of submission of expression of interest. The Programme co-funded by the European Union aims to support the development and the cross-border cohesion Italy-Switzerland (four Italian regions and three Swiss cantons) making the most of local resources, taking advantage of the distinctive features of the two sides and consolidating international relations. The expression of interest (project idea in summary form) must be submitted by September 15, 2016.
The Brexit, according to experts of the BAK Basel research center, will also have consequences for Switzerland. In a statement released today, the institute revises downwards its forecasts for Swiss GDP, with an expected growth for 2017 at 1.5% and 2% for 2018.
Before the British vote, the forecast was an increase respectively of 1.7% and 2.2%. In the current year should not however expect appreciable consequences to gross domestic product is expected to grow as forecast by 1%.
Investors need not fear: Credit Suisse is now "safer than ever", supports the chairman of the management Tidjane Thiam, pointing out that the institution is making progress in its transformation process.
"The course of action should not be confused with the security of the bank and with the solidity of the budget," Thiam said in an interview published yesterday by the NZZ am Sonntag. In fact, the bank is working with a long-term strategy that will bear fruit later. "The course of action will move when they give you the results and when our strategy will give a good account of himself", he says he is convinced Thiam.
As announced in recent months by the Cupertino, today the Apple Pay service is officially available in Switzerland, as reported yesterday by the company as part of a presentation in Zurich. In the United States the payment method arrived in the autumn of 2014 and this year will also be launched in France, Spain and Hong Kong.
The system works right now with cards, both credit and debit, linked to the Visa and Mastercard circuits, institutes Bonus Card, Cornercard and Swiss Bankers. Meanwhile, the ability to conveniently pay with your iPhone in contactless mode, in addition to the Apple Store, is extended to eight of the leading retailers in the country.
Turnover increased by 7.8% to 5.01 billion francs for Barry Callebaut in the first nine months of 2015-2016. The Zurich-based chocolate manufacturer has registered an increase of 4.2% of its sales volume to 1.38 million tons.
The result, achieved despite a worldwide market for sweets down 2%, can be attributed to a better range of products and to an increase in prices of ingredients, the group announced today. The performance goes a little over the average expectations of the financial agency AWP consulted analysts who expected an increase of 4.1% in sales volume and a turnover of 4.93 billion francs.
UBS wants to create a European bank focused on the administration asset: UBS will have the name of SE Europe, by grouping different units in the EU. Writes the Handelszeitung (HAZ), adding that the venue will be in Frankfurt and that the departure is scheduled in the fourth quarter.
When contacted by the agency AWP, a spokeswoman for UBS confirmed in essence the plans, stating that the venue has not yet been selected and the decision will be made later this year.
The Swiss National Bank (SNB) went on its biggest foreign-currency buying spree since January 2015 in the wake of Britain’s vote to leave the European Union, data showed on Monday.
The measure for domestic banks rose by 6.87 billion francs ($7.05 billion) to 430.3 billion, while the total amount jumped by 6.27 billion francs to 507.5 billion. "Brexit has triggered a big demand for safe havens like the franc, so the SNB has to keep acting," J. Safra Sarasin currency strategist Ursina Kubli said, as Reuters referred.
At the Swiss Exchange it will be able early to invest in bitcoin. Bank Vontobel is the first Swiss institution to apply to SIX for a title – lasting two years – for the virtual currency.
The first day of trading is expected to be on July 15, as in today’s press release of the bank. In the meantime, investors can sell and buy the certificate on the secondary market.
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