AGP Executive Report
Last update: an hour agoProperty: Swiss home prices rose again in the third quarter: houses gained 3.6% year on year and flats 5.9%. Zurich led house-price growth at 4.8%, as scarce supply outweighed higher mortgage rates. Private Banking: Julius Baer appointed Jean Pierre Dib and Philipp Kleinschnittger co-heads for the Middle East and Africa, linking its regional offices with its Zurich, Geneva and London teams. Logistics: Lufthansa Cargo’s winter schedule covers 88 freighter routes to 40 destinations; SWISS WorldCargo will add Bangalore service to Zurich, while Lufthansa shifts Mumbai freight operations to Navi Mumbai. Energy: Swiss oil trader Oryx Energies was sold for $1 billion to a group led by Senegalese CEO Moussa Diao, despite a rival bid. Economic standing: Switzerland ranked second globally in the Fraser Institute’s 2026 economic-freedom index, behind Hong Kong.
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