Zurich (awp) – Main economic information of the day:
ONLINE BANKING: Online banking Swissquote has acquired its counterpart Keytrade Bank Luxembourg for an undisclosed amount. This operation allows the glandois broker to become the leading online trading and investment establishment in the Grand Duchy. The acquisition, carried out through the Luxembourg subsidiary of Swissquote, must be finalized in the first quarter, with the green light from the authorities concerned in Switzerland, the euro zone and Luxembourg, indicates the Vaud bank.
CYBERCRIME: CPH Chemie + Papier has restored its computer system after a cyberattack last weekend. Production should be able to resume at the affected sites no later than Thursday, the chemical company said. All of the company’s IT systems were analyzed, with the support of external specialists. These systems had been shut down in a controlled manner after a cyberattack on January 7. Production at the Perlen and Müllheim sites had to be stopped.
INVESTMENTS: Despite the turmoil caused by the coronavirus pandemic, the Swiss real estate market continues to be attractive to investors, who are focusing on the housing segment, according to a study published by the consultancy firm EY. On the other hand, office real estate and shopping centers have suffered from the changes induced by the pandemic, such as teleworking. The fields of logistics and health, on the other hand, benefited from a renewed increased interest, indicated EY which questioned 63 investors active in the Swiss market.
COMPUTING: The information and communication technology (ICT) branch is optimistic for the current year. The quarterly Swico ICT index stood at 120.7 points for the first quarter of 2022, the second highest value recorded since the start of the measurements, indicates the umbrella company Swico. However, not all segments are in the same boat. The “Consumer Electronics” segment, with 88.5 points, and “Imaging, Printing and Finishing”, with 95.9 points, in fact did not reach the threshold of the growth zone, set at 100 points.
FINANCIAL SERVICES: Business bankruptcies in Switzerland increased slightly in 2021 over one year, but their number remains significantly lower than those recorded before the pandemic. The loans and aid granted to companies to overcome the health crisis as well as the partial unemployment measures implemented by the Confederation and the cantons partly explain this trend, indicates the economic information firm Dun & Bradstreet. Some 3,946 firms had to shut down, an increase of 4% over one year, the statement said. Espace Mitteland (+ 18%) and Eastern Switzerland (+ 15%) recorded the most significant increases in bankruptcy. Southwestern Switzerland (-5%) and Ticino (-17%) saw a significant drop.
CONJUNCTURE: Consumer prices in the United States climbed 7.0% in 2021, registering their biggest increase since June 1982, when inflation is a major concern of President Joe Biden who committed to fighting against the phenomenon. Energy prices alone jumped 29.3% and food prices 6.3%, according to the Consumer Price Index (CPI) published by the Labor Department.
MERGERS AND ACQUISITIONS: Mergers and acquisitions broke records in 2021 around the world, driven by the acceleration of digital transformation and the abundance of liquidity. And a new window of opportunity seems open for 2022. In 2021, mergers and acquisitions reached an unprecedented $ 5,800 billion (about 5,300 billion Swiss francs), details in its annual report the law firm Allen & Overy , based on figures from financial data specialist Refinitiv. This amount is the largest since the first edition of the report in 2012 and represents an increase of 64% compared to 2020. The number of transactions has increased by 24% over one year.
AIR TRANSPORT: “Crocodile tears”: Ryanair has tackled its German competitor Lufthansa, suggesting that it sell off its seats to reward European taxpayers who have supported it, rather than claiming to fly empty planes in order to keep its slots airport. Ryanair today (Wednesday January 12) called on the European Commission to ignore Lufthansa’s false claims regarding the operation of + ghost flights + for the sole purpose of + blocking + their slots and protecting themselves from competition from low-cost airlines, “the Irish company, used to these communications blows, said in a statement.
AUTOMOBILE: The Italian sports car manufacturer Lamborghini announced last year that it achieved the best sales in its history, with 8,405 cars delivered worldwide, building on the success of its Urus SUV. Sales rose 13% in 2021, “the best year on record commercially,” Lamborghini, which is owned by German giant Volkswagen, said in a statement.