Search Results for: Swiss economy
Swiss Economy Returns to Growth as Franc Shock Overcome
March 2nd, 2016
Fourth-quarter GDP rose 0.4% vs estimate for 0.1% increase SNB expects growth to accelerate in 2016 versus last year The Swiss economy returned to growth at the end of last year as it fought off the impact of a ...
Swiss economy influenced by Eurozone
September 3rd, 2014
Switzerland’s economy unexpectedly flatlined in the second quarter as trade took a hit from stagnation in its main export market, Europe, and a dip in construction spending. The data, missing forecasts of a 0.5 per cent increase from the ...
Swiss franc, gold advance as risk-off stance is back on
September 4th, 2017
Asian stocks fell as investors turned to haven assets after North Korea’s dictatorship tested a nuclear bomb on Sunday, sending the yen, gold and Treasury futures higher. The MSCI Asia Pacific Index was on track for the biggest drop ...
Swiss canton to launch its own cryptocurrency
February 21st, 2017
Ticino, the southernmost canton of Switzerland, is planning to issue its own local digital currency for everyday use. Its circulation may be confined to Ticino territory. The future cryptocurrency called ticinocoin (TIC) is a brainchild of computer scientists Claudio ...
Switzerland’s economy failed to grow for the first time in more than a year
December 2nd, 2016
Swiss Economy Unexpectedly Stalls on Weak Domestic Demand Median estimate in Bloomberg survey was for 0.3% increase Trade balance in goods and services had negative effect Switzerland’s economy failed to grow for the first time in more than a ...
Swiss National Bank leaves expansionary monetary policy unchanged
September 15th, 2016
The Swiss National Bank (SNB) is maintaining its expansionary monetary policy. Interest on sight deposits at the SNB is to remain at –0.75% and the target range for the three-month Libor is unchanged at between –1.25% and –0.25%. At ...
Swiss bank UBS is to face legal action for encouraging tax fraud that could cost it billion euros
July 11th, 2016
Swiss bank UBS, along with several of its former executives, is to face legal action for encouraging tax fraud that could cost it five billion euros, if judges accept a public prosecutor’s recommendation, reports said Friday. The company sent ...
Swiss bank Credit Suisse warns the eurozone could collapse in case of a European recession
March 3rd, 2016
Credit Suisse recently warned the eurozone could collapse in the event of a fresh downturn or recession in Europe. Economists at the Swiss bank in a research note titled “Close to the edge” said the recession would unleash a ...
Swiss National Bank released: Monetary policy remains expansionary
December 10th, 2015
The Swiss National Bank has issued today a press release to inform in relation to its monetary policy assessment. Monetary policy remains expansionary The Swiss National Bank (SNB) is maintaining its expansionary monetary policy. The target range for the ...
Draghi’s dilemma: ECB’s five options to boost the eurozone economy
December 3rd, 2015
The European Central Bank president is poised to take action to tackle inflation in the single currency bloc. Here are some of his options After October’s meeting of the European Central Bank’s governing council, the bank’s president, Mario Draghi, ...
