Exports of watches in 2016 should also fall by 10%. The director of the watchmaking Federation (FH) Jean-Daniel Pasche, in Neuchâtel, during the association’s Annual Conference, said that the decline could be even higher depending on the brand.
Pasche believes that the British vote on brexit has accentuated the uncertainty and the upward pressure on the franc. In short, the slowdown observed in this area as early as the middle of 2015, is expected to continue, mainly because of the loss of momentum, completely unexpected, the American market. It is a bad surprise, he argued.
"We recovered the country, this is a victory of the real people, the ordinary people, the dignified people." So Nigel Farage, leader of UKIP Independence Party Face and favorable exit of Britain from Europe, commented on the victory in the referendum on Brexit. And anticipating the next move, when reporters asked if the prime minister David Cameron should resign, he replied: "Immediately."
Nigel Farage said that the referendum on Brexit there was "the victory of the common people against the big banks, big business and big politicians."
The very wealthy have increased in the world. The World Wealth Report 2016 that defines them HNWIs, high net worth individuals are those who have a personal fortune of more than $ 1 million.
In 2015 they have individually at least achieved this share of wealth 15.4 million persons (+ 4.9%). The Report, published by Capgemini, notes that the world’s wealth license plate HNWIs reached in 2015 the 58.7 trillion dollars. If the growth rate were to remain, the global wealth will reach by 2025 to 100 trillion.
Starbucks, the US chain of coffee shops, is actually a bank. Customers have indeed deposited $ 1.2 billion charged in prepaid cards of the company in the first quarter of 2016, much higher figure than kept in warehouses of many US banks.
According to data from S & P Global Market Intelligence, for several years Starbucks has its prepaid cards with which you can buy at discounted prices and acquiring vouchers, coffee, pastries and salads in the chain shops without using cash. It is an alternative payment system to the credit card that could replace by 2020 a third of the bank cards. It is also a very effective customer retention system considered by marketing experts. And the American giant can count on 12 million "faithful" which sells millions of gift cards on the eve of Christmas.
From next August PostFinance will reduce the interest rates of different current accounts: the private account in CHF or EUR is even zero, from the current 0.01%. The result of this decision is the current difficult context of the interests in domestic and international financial markets, leading to pressure on operating results.
The interest rate on savings E-bill for private customers, business or associations (in CHF or EUR) is reduced to 0.05% from 0.10%, as the press release informs.
Swiss banks could benefit from a possible Brexit, while taking account of the turmoil that would affect the markets is what emerges in a conference organized by Reuters in Zurich today.
"In the area of asset management, the Swiss would take advantage of a Brexit" the director of the Swiss branch of the consulting firm Boston Consulting Group says, whereas London is the city where more billionaires, from Asians to Russians.
The new rules regarding the costs arising from the use of waxed credit, issued by the European Commission, took effect from yesterday. In this way the costs of payments by debit and credit cards will be more transparent to merchants and consumers, and will allow to make their own choices about the type of payment.
In addition, the European Union imposed a cap on so-called interchange fees that may not exceed 0,2% of the transaction value for debit cards and 0.3% for those credit.
The Swiss bank UBS restructures its investment management activities in the US. The number of its consultants is expected to decrease by 10%, but the rewards will be higher, to try to tie them to long-term bank.
In the division, led from the start of the year by ‘ex- CFO Tom Naratil UBS, the Swiss institute currently employs 7.145 consultants. In the future there will be between 6,500 and 7.000, a spokesman for the bank has said to Reuters.
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