AGP Executive Report
Last update: 10 hours agoInsurance: Zurich will move its global travel business from Sydney to London in early 2027, combining Cover-More with its acquired AIG unit and tapping the UK capital’s insurance talent. Markets: Julius Baer CEO Stefan Bollinger warned that investor enthusiasm for AI is a major global risk; the latest tech-led selloff left the Swiss franc little changed. China Trade: An upgraded Switzerland–China trade pact could bring tariffs to zero on nearly all bilateral trade, as President Xi met Swiss President Guy Parmelin and Swiss firms deepen their China ties. Swiss Finance: The SNB reported a CHF44.2 billion profit through September. Meanwhile, Swiss officials are weighing the costs of a potential UBS move abroad. Pharma: Sandoz cut its sales-growth outlook after supply problems hit quarterly results.
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