European court ruling puts cautious Swiss in climate bind
By Gabrielle Tétrault-Farber and Dave Graham GENEVA/ZURICH (Reuters) – Switzerland for all its snow-capped mountains and crisp Alpine air has failed to protect its people from the ravages of climate change, as…
JP Morgan Swiss head Bossart moves to Rothschild & Co
By Oliver Hirt ZURICH (Reuters) – U.S. investment bank JP Morgan’s head of Switzerland, Nick Bossart, is moving to Rothschild & Co to lead its Swiss advisory business for mergers and capital…
Swiss National Bank ready for further steps to combat inflation – Jordan
LUCERNE, Switzerland (Reuters) – The Swiss National Bank is ready to take further steps to fight inflation despite price rises in Switzerland being relatively modest compared to international peers, SNB Chairman Thomas…
Swiss Q2 current account narrows, reserve asset growth slows
ZURICH (Reuters) – Switzerland’s second-quarter current account surplus narrowed by nearly 1 billion Swiss francs to 11 billion Swiss francs ($11.23 billion), the Swiss National Bank (SNB) said on Friday. The SNB…
Fire breaks out at mountaintop restaurant in Swiss Alps
ZURICH (Reuters) – A fire broke out early on Monday at a mountaintop restaurant in the Swiss Alps at an altitude of 3,000 metres (9,800 ft) and helicopters were helping to battle…
Swiss cut off tax data, make visas harder for Russians
ZURICH (Reuters) – Switzerland will temporarily halt the exchange of tax information with Russia and make it harder for Russian citizens to get visas, the government said on Friday. Switzerland, the world’s…
Credit Suisse exec: Swiss bank not main focus for cost savings
ZURICH (Reuters) – Credit Suisse’s Swiss unit has become more efficient and growth focused in recent years and will thus be hit less by restructuring and cost savings than other parts of…
Goldman recommends traders short the euro versus Swiss franc after ECB rate hike
LONDON (Reuters) – Goldman Sachs recommends investors short the euro against the Swiss franc following the European Central Bank’s record rate increase as they think it likely the Swiss National Bank will…
Swiss to create hydropower reserve to ensure winter power supply
ZURICH (Reuters) – Switzerland will create a hydropower reserve to make sure the Alpine country has enough electricity through the coming winter, the government said on Wednesday. The government said the power…
Swiss expect 5 billion franc budget deficit due to pandemic, Ukrainian help
ZURICH (Reuters) – The Swiss government is expected to run a budget deficit of 5 billion Swiss francs ($5.25 billion) for 2022, it said on Wednesday, citing extraordinary costs from tackling the…
Swiss PMI dips slightly but industry stays in growth mode
ZURICH – The Swiss purchasing managers’ (PMI) index fell by 1.1 points in July, according to data published on Tuesday, but remained in positive territory despite concerns about rising energy prices and…
Swiss National Bank reiterates it can act at any time if needed
ZURICH – The Swiss National Bank may take monetary policy measures at any time between its regular meetings if it deems it necessary, the bank said in an interim publication on Thursday,…
Credit Suisse names new head of Swiss private banking
ZURICH – Credit Suisse on Tuesday said it was naming Roger Suter its new head of private banking in Switzerland, succeeding current manager Serge Fehr. “Credit Suisse is today announcing that Roger…
Lufthansa’s Swiss unit to cut 2% of flights between August and October
FRANKFURT – Deutsche Lufthansa’s Swiss business said on Tuesday it would cut about 2% of its flights scheduled between August and October because of labour shortages, strikes and rising COVID-19 infections. Swiss…
Analysis: Swiss policy pivot signals exit for big stock and bond investor
By Yoruk Bahceli, Saikat Chatterjee and Tommy Wilkes LONDON – From Silicon Valley shares to U.S. and European government bonds, securities that are already under heavy pressure stand to lose a major…
Column-Markets not braced for Japanese, Swiss cenbank liquidity drain: McGeever
By Jamie McGeever ORLANDO, Fla. – If estimates that world markets face a record $4 trillion liquidity drain over the next 18 months are even close to accurate, hold on to your…
Toblerone loses Swiss exclusivity as production shifts east
By Silke Koltrowitz ZURICH -Toblerone maker Mondelez will shift some production of its triangular chocolate bars to Slovakia from Switzerland at the end of next year, losing the “Swiss” attribute on its…
Swiss shoppers vote to keep Migros founder’s alcohol ban
ZURICH – Members of Swiss cooperative supermarket chain Migros have voted by a clear majority to uphold the ban on alcohol sales its health-conscious founder adopted when he set up the business…
Swiss National Bank to leave rates steady in June, raise 25 bps in Sept- Reuters poll
By Indradip Ghosh and John Revill BENGALURU/ZURICH – The Swiss National Bank will keep its negative policy interest rate unchanged on Thursday and will not raise it to zero until early next…
Citibank expects Swiss central bank to raise interest rates next week
LONDON – Citibank says it expects the Swiss National Bank to hike its key rate by 25 basis points when it meets next week. Swiss inflation rose in May by the most…
Letters from Hitler’s doctor show how he treated dictator’s voice – Swiss newspaper
ZURICH – The Swiss descendent of one of Adolf Hitler’s doctors has released details of letters that show how he treated the Nazi dictator for voice problems, NZZ am Sonntag newspaper reported…
Credit Suisse looks secure, Sonova could bump SGS in Swiss SMI
By Paul Arnold ZURICH – Credit Suisse is likely to remain in the blue-chip Swiss Market Index (SMI) when it is up for a review in early July, even after the crisis-ridden…
Uber loses appeal as top Swiss court rules company is an employer
ZURICH – Switzerland’s top court upheld a ruling that ride-hailing company Uber should be treated as an employer, dismissing the company’s attempt to overturn a Geneva court’s verdict. “According to the Federal…
Swiss watchdog extends protective Sberbank transaction ban
ZURICH – Swiss financial market supervisor FINMA on Wednesday extended through August a ban on the Swiss arm of Russia’s largest lender Sberbank from making payments and transactions, as well as other…
Swiss National Bank chairman says global monetary policy moving into tightening phase – magazine
ZURICH – Global monetary policy is moving into a new phase of higher interest rates to combat resurgent inflation, Swiss National Bank Chairman Thomas Jordan told Bilanz magazine in an interview. “It’s…
Swiss shoppers to decide if Migros stores end founder’s alcohol ban
ZURICH – Swiss supermarket chain Migros, whose health-conscious founder banned alcohol sales when he set up the business in the 1920s, could soon sell wine, beer and liquor if cooperative members vote…
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