单词 | Swiss franc |
例句 | It was a Spanish remake, I think—a comedy-gangster movie, full of hit men, bullets, and a suitcase full of stolen Swiss francs. I Am the Messenger 2002-01-10T00:00:00Z According to the Federation of the Swiss Watch Industry, the number of watches exported fell by 4.4 million, with the total value of exports dropping 22 percent to 13.2 billion Swiss francs, or $12.2 billion. Special Report: Watches: Swiss Makers Reward the Chinese Market 2010-03-17T20:20:00Z From January to November 2010, watch exports grew 22 percent from the level of the previous year, to 14.6 billion Swiss francs, according to the Federation of the Swiss Watch Industry. Special Report: Watches: Tourbillon Returns, Defying Economic Gravity 2011-01-16T22:30:18Z Hong Kong remained by far the biggest importer by value, at 3.6 billion Swiss francs, up 29 percent. Special Report: Watches: Lots of Novelties Heading to Geneva Show 2012-01-16T13:09:03Z “I bet that not one-third of viewers would give one Deutsche mark, one Swiss franc, seven Austrian schillings for the people suffering in the Sahel region,” he said, referring to the drought-prone region of Africa. Karlheinz Böhm, actor and aid worker, dies at 86 The SNB, which declined to comment on Monday, is also likely to tolerate a slightly stronger Swiss franc, especially after Switzerland appeared on a U.S. SNB seen on sidelines as virus fears push Swiss franc to near three-year high 2020-01-27T05:00:00Z The breakfast, served in L’Unico, cost a whopping 39 Swiss francs but offered only the standard omelet stations, cheeses, meats and bread. In Zurich, a Hawaiian-Themed Hotel With Kitsch to Spare 2016-08-05T04:00:00Z The pre-sale estimate, set by the auction house, was 15 million Swiss francs. Swiss pocket watch nets world record $24 million: Sotheby's 2014-11-11T05:00:00Z Add another 10 to 20 Swiss francs if you want to pull a James Bond and ski over the border to Italy. 36 Hours in Zermatt 2020-03-05T05:00:00Z Basel is to lay on extra trams on Saturday to cope with high numbers of Swiss shoppers expected to travel to Germany to profit from the strong Swiss franc. Basel to increase trams to Germany as Swiss shoppers seek bargains 2015-01-16T05:00:00Z This year's budget is 25 million Swiss francs for the event that draws some 250,000 fans to the lakeside resort. Stevie Wonder, Pharrell Williams head line-up at Montreux Jazz 2014-04-03T13:58:24Z Tickets for Williams' show on July 7 will cost either 135 or 370 Swiss francs. Stevie Wonder, Pharrell Williams head line-up at Montreux Jazz 2014-04-03T13:58:24Z The city estimates that it provides at least 1 million Swiss francs a year in support, and L’Usine continues to occupy its space rent free. The Counterculture Pushes Back 2011-02-22T13:30:04Z Last year, MB&F had revenue of 6.5 million Swiss francs, and this year Mr. Büsser said he expected revenue of 7 million francs. Special Report: A Cut Above: Watches: Retail Strategy Keeps MB&F in Demand 2010-11-26T07:50:00Z The club overlooks the plein-air ice-skating rink in the Olympic Park, which offers skate rentals for 22 Swiss francs. 36 Hours in St. Moritz 2019-01-31T05:00:00Z Three rental stations offer free bikes for up to four hours; each additional hour costs 1 Swiss franc. 36 Hours: 36 Hours in Bern, Switzerland 2011-09-08T19:38:53Z Yet the money given to L’Usine is miniscule compared to some 230 million Swiss francs set aside each year for culture in Geneva, one of the most generous cities for such activities in Europe. The Counterculture Pushes Back 2011-02-22T13:30:04Z My bill for two huge meals, two beers, a bottomless glass of milk, spiked coffee and the night came to less than 50 Swiss francs. The Swiss Alps on an Electric Bicycle 2011-08-26T19:00:31Z Documents signed in the name of the trust repeatedly acknowledge its commitment to finance costs up to 120 million Swiss francs. Donation for a Lucerne Opera House Is in Dispute 2011-04-28T21:05:39Z A two-course dinner for two is about 120 Swiss francs, including wine. 36 Hours in Zermatt 2020-03-05T05:00:00Z In September, the new 100 Swiss franc bill was introduced featuring an image of the suspended wooden bisse clinging to the overhanging rock face at Torrent-Croix. In the Swiss Alps, Walking a Cliff’s Edge to History 2019-09-25T04:00:00Z On a large screen at the front prices are listed in various currencies: British pounds and US dollars, euros, Swiss francs and rubles. Auctioning off utopia 2013-07-14T22:00:00Z He has a revenue goal of 10 million Swiss francs over the next three to five years. Special Report: A Cut Above: Watches: Retail Strategy Keeps MB&F in Demand 2010-11-26T07:50:00Z A two-course dinner and drinks for two is about 100 Swiss francs. 36 Hours in Zermatt 2020-03-05T05:00:00Z Doubles on weekends late in ski season start at 469 Swiss francs, including entry to the spa. 36 Hours in Zermatt 2020-03-05T05:00:00Z Two years after the artist’s show at the Met, Brad Pitt purchased one of his paintings for 1 million Swiss francs, about $970,000 at the time. A German Painter’s New Rule: ‘Never Answer a Critic’ 2020-10-22T04:00:00Z An average meal for two, without tips or drinks, is about 130 Swiss francs, about the same in U.S. dollars. Geneva + Peru + Japan = Deliciousness 2018-09-01T04:00:00Z Double rooms with private baths start at 160 Swiss francs. 36 Hours: 36 Hours in Bern, Switzerland 2011-09-08T19:38:53Z Christie's, celebrating its 250th anniversary, netted nearly 97 million Swiss francs with 77 percent of 217 lots sold, against 110 million francs a year ago. Pink diamond nets $18 million in 'healthy' market: Christie's 2016-11-15T05:00:00Z Lunch for two, 40 to 100 Swiss francs. 36 Hours in Zermatt 2020-03-05T05:00:00Z In January, Nick Hayek, chief executive of Swatch, the world’s biggest watchmaking group, scathingly attacked “speculators,” which he described as banks and investment funds, that pushed up the Swiss franc. Special Report: A Cut Above: Watches: For Watchmakers, the Trick Is Keeping Prices in Sync 2011-03-25T16:01:32Z At the singer's request, Sullivan solicited the TV audience to donate to Hungarian relief efforts – raising about 25m Swiss francs, according to Tarlos. Elvis Presley to be named honorary citizen of Budapest 2011-03-03T12:01:26Z Dinner for two with wine, about 120 Swiss francs. 36 Hours in Lugano 2018-09-13T04:00:00Z Single rooms start at around 265 Swiss francs — just a bit more in dollars — and doubles begin at 360 Swiss francs. Zurich, for a Song 2010-09-24T18:42:00Z Singles are around 200 Swiss francs; doubles start at 300. Zurich, for a Song 2010-09-24T18:42:00Z The Swiss franc has surged, complicating the export picture. Baselworld, Where the Watch Is Still the Greatest Gadget 2015-03-27T04:00:00Z Its pre-sale estimate was 16 million Swiss francs to 18 million. Pink diamond nets $18 million in 'healthy' market: Christie's 2016-11-15T05:00:00Z Extending the logic of the diner transaction, he painstakingly reproduced British pounds, Swiss francs and American dollars, with quirky deviations. J.S.G. Boggs, Artist, Dies at 62; He Made Money. Literally. 2017-01-27T05:00:00Z “We are going to overrun the amount of 20 billion Swiss francs,” or $22 billion. A Late Kick Cheers Watchmakers 2013-01-21T12:05:57Z Watch exports from Switzerland reached a record 17.7 billion Swiss francs, or $18.6 billion, in sales in the first 11 months of 2011, according to the Federation of the Swiss Watch Industry. Special Report: Watches: Lots of Novelties Heading to Geneva Show 2012-01-16T13:09:03Z The Foundation Langmatt had said it had hoped to sell as only many of the three paintings as required to reach its target of 40 million Swiss francs. Swiss museum in financial straits sells three Cézannes for $53 million 2023-11-10T05:00:00Z The safe haven Swiss franc has been the best performing major currency against the dollar since Oct. Middle East conflict: Have markets really moved on from fear? 2023-11-10T05:00:00Z Two years ago, that same watch sold at auction for 2 million Swiss francs. Vivid blue diamond sells for nearly $44 mln at Christie's auction 2023-11-07T05:00:00Z The Swiss franc, however, which was a beneficiary of a flight-to-safety bid in October, has weakened this week. Euro, pound set for biggest weekly gains since July, U.S. payrolls loom 2023-11-03T04:00:00Z The worst performing G10 currencies for the week have been the havens of Japanese yen and the Swiss franc as investors have sought out riskier assets. Stocks set for strongest week of 2023 on interest rate cheer 2023-11-03T04:00:00Z The crisis has also added to uncertainty in financial markets in America and beyond, boosting demand for "safe-haven" assets like gold, U.S. government bonds and the Swiss franc. Insight: Iran's quandary: How to stay out of Israel's war on Hamas 2023-10-22T04:00:00Z In currencies, the Swiss franc, a longstanding safe haven asset, stands near its highest level against the euro since 2015. Wall St Week Ahead Investors seek shelter as U.S. stocks grow more turbulent 2023-10-20T04:00:00Z Enter the Swiss franc, a longstanding safe haven asset that just hit its highest level against the euro since 2015 , standing tall as its traditional rivals lose appeal. Analysis: Swiss franc shines as investors scramble for safe assets 2023-10-20T04:00:00Z War in the Middle East has sparked a push into safe-haven assets such as gold and the Swiss franc , but trading in Treasuries has been dominated by the rate outlook. Dollar rebuffed from 150 level vs yen after Powell/Treasuries double-whammy 2023-10-20T04:00:00Z Demand for safe-havens has boosted the dollar, pushing it towards 150 yen, and the Swiss franc, which on Friday posted its best day against the euro since January. How Middle East tension could ripple through markets 2023-10-18T04:00:00Z "Relatively speaking, global funds are still flowing into the dollar, yen and Swiss franc and pound, with many people describing the moves as 'textbook-style' moves," he said, referring to safe-haven flows. Japan's yen still perceived as safe-haven asset - MOF's Kanda 2023-10-16T04:00:00Z The yen is still perceived as a safe asset along with the Swiss franc and U.S. dollar, Kanda added. Safe-haven dollar steady near one-week high on Middle East conflict 2023-10-16T04:00:00Z Other than U.S. dollar cash, only the Swiss franc and gold remained as options, Ielpo said. Analysis: Swiss franc shines as investors scramble for safe assets 2023-10-20T04:00:00Z The Swiss franc was last a touch lower against the euro at 0.944. Dollar rebuffed from 150 level vs yen after Powell/Treasuries double-whammy 2023-10-20T04:00:00Z The Swiss franc had been set to strengthen for the seventh successive session, the longest streak since July 2020. Dollar gains after US consumer prices rise more than expected 2023-10-12T04:00:00Z This included a 148 million franc hit from converting foreign currencies into Swiss francs. Givaudan sales dragged by currency effects, still weak North America 2023-10-12T04:00:00Z The Swiss franc has also gained and was edging higher at 0.9045 to the dollar. Dollar slips as dovish Fed speak dials down rate expectations 2023-10-10T04:00:00Z The Swiss franc has rallied over 3% against the yen this month. Analysis: Swiss franc shines as investors scramble for safe assets 2023-10-20T04:00:00Z Treasuries and other highly-rated government bonds, gold and the Swiss franc, at the expense of riskier assets like emerging markets. Morning Bid: Watch safe havens and oil 2023-10-08T04:00:00Z Credit Suisse also upped its provisions to cover potential losses from litigation to 1.48 billion Swiss francs. Credit Suisse sees Q3 loss of $1.6 bln from reclassifying loans 2023-09-29T04:00:00Z Givaudan's taste and wellbeing unit, which sells food and beverage extracts and makes up 53% of its revenue, saw its sales drop 7.3% in Swiss francs in the nine month period. Givaudan sales dragged by currency effects, still weak North America 2023-10-12T04:00:00Z The Swiss franc also reached 0.99240 against the U.S. dollar, the weakest level since March 22. Dollar index climbs to 10-month high; yen, euro languish 2023-09-27T04:00:00Z The Swiss franc also fell to its lowest since March at 0.915 francs to the dollar, having slid since the Swiss National Bank unexpectedly kept interest rates on hold last week. Dollar hits 10-month high as US yields spike, yen slides 2023-09-26T04:00:00Z The Swiss franc has tumbled through its 200-day moving average to hit its lowest since June after the central bank surprisingly kept short-term rates on hold. Dollar at 10-month top as US yields spike; yen slides 2023-09-26T04:00:00Z The Swiss franc , one of this year's best performing major currencies versus the dollar, fell almost 1% at one point after Switzerland surprised markets by pausing its rate rise cycle. Analysis: Europe's currencies feel fresh pain as central bank support fades 2023-09-21T04:00:00Z Credit Suisse reported a net loss of 9.3 billion Swiss francs. Factbox: Key figures for UBS, including Credit Suisse 2023-08-31T04:00:00Z The Swiss National Bank on Thursday surprised markets by pausing its current cycle of rate increases, sending the Swiss franc reeling. Dollar index climbs to 10-month high; yen, euro languish 2023-09-27T04:00:00Z On one hand, analysts note that UBS acquired Credit Suisse for a song - just 3 billion Swiss francs - while gaining a large asset base, good client relationships and talented employees. UBS to absorb Credit Suisse's domestic bank, eyes $10 bln in cost savings 2023-08-31T04:00:00Z On one hand, analysts note that UBS acquired Credit Suisse for a song - just 3 billion Swiss francs - while gaining a large asset base, good client relationships and talented employees. UBS to absorb Credit Suisse's domestic bank, eyes $10 bln in cost savings 2023-08-31T04:00:00Z Deutsche Bank analyst Benjamin Goy said he expected to see outflows of up to 100 billion Swiss francs over time. Explainer: After Credit Suisse takeover, UBS gives first glimpse of new group 2023-08-29T04:00:00Z “In the financial sector, the existing ban on selling securities denominated in Swiss francs or in an official currency of an EU member state to Russian nationals and entities was expanded,” it said. Swiss government lines up behind EU’s 11th round of sanctions against Russia 2023-08-16T04:00:00Z For now, traders are testing the waters by selling the yen against sterling and the Swiss franc, mindful that selling against the dollar could gather momentum quickly. Japan's policymakers hold fire as yen enters intervention range 2023-08-15T04:00:00Z UBS also said it no longer needs the public liquidity backstop, a liquidity assistance loan of up to 100 billion Swiss francs from the Swiss National Bank and backed by a federal guarantee. UBS won't need govt loss protection deal in Credit Suisse takeover 2023-08-11T04:00:00Z "Risk aversion means lower equities and safe haven buying of currencies such as the Japanese yen and Swiss franc against riskier currencies such as the AUD and NZD as well as buying Treasuries." US Treasury yields edge lower after Fitch downgrade 2023-08-02T04:00:00Z This is above analyst estimates of 160 million francs in a company-provided poll, which were set at the midpoint of Clariant's own guidance range of 155 million to 165 million Swiss francs. Chemicals maker Clariant's Q2 profit beats forecast 2023-07-28T04:00:00Z "Japan's yen in particular, but also the Swiss franc and Swedish or Norwegian crowns, have been used as funding currencies for USD longs for a long time," he said. Dollar slump, overcrowding complicate popular FX carry trade 2023-07-26T04:00:00Z That compared to a market capitalisation of around 7 billion Swiss francs on the last trading day before the deal was announced in March. Swiss investor group lawsuit to seek compensation over UBS-Credit Suisse deal 2023-07-17T04:00:00Z Credit Suisse and UBS also borrowed 168 billion Swiss francs from the Swiss National Bank in various emergency liquidity schemes to ease the takeover. UBS won't need govt loss protection deal in Credit Suisse takeover 2023-08-11T04:00:00Z The bank has set a price target of 27 Swiss franc by the end of 2024, up from the current level of 18.22 francs. Takeover benefits: UBS investors warm to Credit Suisse deal 2023-07-17T04:00:00Z The dollar fell to its lowest against the Swiss franc in 8 years. AMERICAS Markets bet July 2023 is 'peak Fed' 2023-07-13T04:00:00Z The dollar index is below January levels as the euro , pound and Swiss franc rally . Pain trade or same trade? Investors refuse to fold on recession bets 2023-07-13T04:00:00Z Sterling and Swiss franc were testing overnight highs. Dollar takes a beating as traders see US rates peaking 2023-07-13T04:00:00Z The increases in traditional 'safe haven' assets like gold, bonds, the yen, Swiss franc and U.S. dollar on Monday were small, in some cases negligible. ASIA Inflation, rates worries supersede Russia stress 2023-06-26T04:00:00Z The dollar was the big mover however - hitting its highest for the year against Japan's yen and China's yuan and surging also against the euro, sterling and Swiss franc. Morning Bid: Business brakes in June swoon, dollar jumps 2023-06-23T04:00:00Z In recent months the SNB has been selling foreign currencies to boost the value of the Swiss franc, whose strength has reduced the effect of more expensive imports. Swiss central bank raises rates again, signals may need to do more 2023-06-22T04:00:00Z The unit had almost 7,300 staff at the end of 2022 and a 1.43 billion Swiss franc operating profit while the entire group suffered heavy losses. Explainer: UBS has Swiss mountain to climb with Credit Suisse 2023-06-12T04:00:00Z The Swiss franc , which hit its highest since 2015 overnight, traded just below that level at 0.8661 francs to the dollar. Dollar takes a beating as traders see US rates peaking 2023-07-13T04:00:00Z Swiss regulators have written down about 16 billion Swiss francs as part of the lender's rescue triggering hundreds of lawsuits. Factbox: UBS, government agree on Credit Suisse loss guarantees - key points 2023-06-09T04:00:00Z "The guarantee will only come into effect if the losses from the liquidation of these assets exceed 5 billion Swiss francs and is limited to a total of 9 billion," it added. Swiss government says it has reached agreement with UBS on loss guarantees 2023-06-09T04:00:00Z "The guarantee will only come into effect if the losses from the liquidation of these assets exceed 5 billion Swiss francs and is limited to a total of 9 billion francs," it added. UBS agrees with Swiss government on Credit Suisse loss guarantee 2023-06-09T04:00:00Z Under the deal, UBS agrees to buy Credit Suisse for a knockdown price of 3 billion Swiss francs in stock and agreed to assume up to 5 billion francs in losses. Countdown to mega merger - how Credit Suisse wobbled and UBS rushed to rescue 2023-06-05T04:00:00Z In its quarterly results published in April, Credit Suisse said "the net amount of borrowings under these facilities amounted to 108 billion Swiss francs." Credit Suisse has paid back government-backed liquidity 2023-06-01T04:00:00Z He admitted falsifying trades and hiding losses in a scheme that made him tens of millions of Swiss francs. Georgian billionaire wins $926 mln from Credit Suisse after fraud 2023-05-26T04:00:00Z Credit Suisse then announced in the early hours of March 16 that it intended to borrow up to 50 billion Swiss francs from the SNB after the central bank pledged liquidity "if necessary". Credit Suisse neared its cash limits days before rescue, filing shows 2023-05-18T04:00:00Z The Swiss National Bank agreed to lend up to 100 billion Swiss francs to UBS to help close the deal. A Timeline of How the Banking Crisis Has Unfolded 2023-05-01T04:00:00Z April 24 - Credit Suisse says 61 billion Swiss francs in assets had left the bank in the first quarter, as it reported what were probably its last ever quarterly results. Countdown to mega merger - how Credit Suisse wobbled and UBS rushed to rescue 2023-06-05T04:00:00Z In the wider economy, its monetary policy has led to it building up a balance sheet of nearly 900 billion Swiss francs - equivalent to 113% of Swiss economic output. Powerful Swiss central bank faces reform calls in wake of Credit Suisse rescue 2023-04-28T04:00:00Z Safe-haven flows dominated trading on Tuesday, with the Japanese yen, Swiss franc, government bonds and gold all posting strong gains. Morning Bid: Banking blip? Not so fast 2023-04-25T04:00:00Z Under the deal hastily engineered by Swiss authorities, UBS agreed to take it over for 3 billion Swiss francs and to assume up to 5 billion francs in losses. UBS first-quarter profit halves as costs of old toxic debt mount 2023-04-25T04:00:00Z Meanwhile, Credit Suisse still has 108 billion Swiss francs worth of debt from the Swiss National Bank, though it had repaid 60 billion during the quarter. Final Days at Credit Suisse Were Marked by a $69 Billion Race for the Exits 2023-04-24T04:00:00Z Switzerland’s lower house of parliament, in a symbolic vote last week, rebuked the rescue after the central bank and government splashed out more than 200 billion Swiss francs in guarantees. Credit Suisse investors sue after facing billions in losses 2023-04-21T04:00:00Z The Swiss state is providing UBS with a 9 billion Swiss franc guarantee on potential losses from winding down the investment banking business. Credit Suisse bankers jostle for slim pickings at UBS – sources 2023-04-19T04:00:00Z Europe's other major currency, the Swiss franc, is also near its strongest in over two years . Analysis: Rates shift gives European currencies fresh legs 2023-04-19T04:00:00Z Ultimately, 209 billion Swiss francs are being provided as state and central bank guarantees and support in the plan drawn up by the seven-strong Swiss cabinet, which has members from four political parties. Analysis: Emergency Credit Suisse rescue shakes faith in Switzerland 2023-04-14T04:00:00Z The decision will affect around 1,000 employees, who will be deprived of approximately 50-60 million Swiss francs with the measures, the council said. Switzerland cancels or reduces bonus payouts for top Credit Suisse management 2023-04-05T04:00:00Z When the deal was announced, that was worth about 76 Swiss cents; a month ago, Credit Suisse’s stock was valued at 2.78 Swiss francs. For Credit Suisse Shareholders, a Wake Followed by Recriminations 2023-04-04T04:00:00Z Credit Suisse's near collapse not only wiped billions of Swiss francs off the value of its shares. Credit Suisse faces anger at final shareholder meeting 2023-04-04T04:00:00Z The SNB has recently indicated its willingness to sell forex to help prop up the value of the Swiss franc as a check against imported inflation. Swiss sight deposits fall, suggesting Credit Suisse, UBS took less emergency help 2023-04-03T04:00:00Z The defendants were handed suspended sentences in Zurich district court that, if violated, could lead collectively to hundreds of thousands of Swiss francs in fines. 4 bankers convicted over Swiss account of longtime Putin pal 2023-03-30T04:00:00Z The men, who cannot be identified under Swiss reporting restrictions, were found guilty at a hearing at Zurich District Court and were given suspended fines totaling hundreds of thousands of Swiss francs. Four bankers who helped Putin's friend set up Swiss bank account convicted 2023-03-30T04:00:00Z UBS agreed to buy Credit Suisse for 3 billion Swiss francs in stock in a merger engineered to avoid more market-shaking turmoil in global banking. Swiss sight deposits jump, suggesting Credit Suisse, UBS took emergency liquidity 2023-03-27T04:00:00Z Moody's has downgraded the long-term deposit ratings of mBank and changed the outlook to negative from "under review" citing risks stemming from the legacy of Swiss franc loans at Polish lenders, the agency said. Credit Suisse could face disciplinary action, Swiss regulator says 2023-03-26T04:00:00Z Moody's has downgraded the long-term deposit ratings of mBank and changed the outlook to negative from "under review" citing risks stemming from the legacy of Swiss franc loans at Polish lenders, the agency said. Nigeria's Air Peace to start nonstop Israel flights in April 2023-03-26T04:00:00Z That policy aimed to help depress a highly valued Swiss franc and meant that some investors actually had to pay interest for the privilege to keep their money in Switzerland, not reap interest from it. Credit Suisse deal averted crisis, Swiss central bank says 2023-03-23T04:00:00Z Credit Suisse's executive board took home 32.2 million Swiss francs in fixed compensation last year but collectively went without a bonus for the first time in more than 15 years. Switzerland curbs bonus payouts at Credit Suisse 2023-03-21T04:00:00Z The SNB has regularly confirmed its commitment foreign currency interventions but until last year this mainly meant buying buy foreign currencies with newly created francs to stem the rise of the Swiss franc. SNB sold $24bln in foreign currencies during 2022 in intervention U-turn 2023-03-21T04:00:00Z Credit Suisse said on Thursday it intended to borrow up to 50 billion Swiss francs from the Swiss National Bank in what it called "decisive action" to boost its liquidity. Sight deposits rise, indicating Credit Suisse took central bank liquidity 2023-03-20T04:00:00Z That puts holders of the AT1 bonds lower in priority than even investors who hold an equity stake in Credit Suisse and can expect to get 0.76 Swiss francs per share. Analysis: Credit Suisse rescue presents 'buyer beware' moment for bank bondholders 2023-03-20T04:00:00Z The country’s central bank, the Swiss National Bank, will lend up to 100 billion Swiss francs to UBS to help it complete the takeover. Investors Greet Emergency Credit Suisse Deal Warily 2023-03-20T04:00:00Z The Swiss National Bank said it would lend up to 100 billion Swiss francs, or about $108 billion, to help facilitate the takeover. Swiss banking giants combine to quell growing global bank crisis 2023-03-19T04:00:00Z In foreign exchange trade the Swiss franc , which took a beating as worries about Credit Suisse grew last week, rose about 0.4% to 0.9264 to the dollar. Stock futures nudge higher on Credit Suisse buyout 2023-03-19T04:00:00Z To enable UBS to take over Credit Suisse, the federal government is providing a loss guarantee of a maximum of 9 billion Swiss francs for a clearly defined part of the portfolio, the government said. UBS agrees to buy Credit Suisse in Swiss-assisted bid to calm markets 2023-03-19T04:00:00Z Under the terms of the proposed deal, UBS will pay just a fraction of the roughly 8.8 billion Swiss francs, or $9.5 billion, that Credit Suisse was valued at on Friday, these people said. UBS Nears Deal to Buy Credit Suisse 2023-03-19T04:00:00Z In December, Credit Suisse had tapped investors for 4 billion Swiss francs. What happened at Credit Suisse and how did it reach crisis point? 2023-03-18T04:00:00Z Early on Thursday, Credit Suisse said it would borrow up to 50 billion Swiss francs, or about $54 billion, from Switzerland’s central bank and buy back some of its debt. The European Central Bank Meets to Raise Rates Amid Uncertainty 2023-03-16T04:00:00Z The Saudi bank is seeking to avoid regulations that kick in with a stake above 10%, having invested some 1.5 billion Swiss francs to acquire a holding just under that threshold. Credit Suisse to borrow $54 billion from Swiss central bank 2023-03-15T04:00:00Z The Swiss government said that it was also giving UBS a guarantee of 9 billion Swiss francs "assume potential losses" from assets as part of the transaction. UBS agrees to buy Credit Suisse in Swiss-assisted bid to calm markets 2023-03-19T04:00:00Z The latest news: Credit Suisse said it would borrow up to 50 billion Swiss francs, or about $54 billion, from the Swiss National Bank to ward off concerns about its financial health. Your Thursday Briefing 2023-03-16T04:00:00Z Hours later, Credit Suisse said it planned to borrow 50 billion Swiss francs from the Swiss National Bank. Credit Suisse to Borrow as Much as $54 Billion From Swiss Central Bank 2023-03-15T04:00:00Z But it leaves the central bank, which prints the Swiss franc and underpins the Alpine nation's economy, firmly on the hook should confidence in the bank resume its spiral. Analysis: Swiss blank cheque wins some time for Credit Suisse 2023-03-16T04:00:00Z The Swiss franc fell 2% in its steepest drop for seven years. Stocks slide, safety shines as bank fears spread 2023-03-16T04:00:00Z Still, Credit Suisse’s shares fell as low as 1.58 Swiss francs on Wednesday, a new low. Credit Suisse Shares Slide After Shareholder Rules Out More Support 2023-03-15T04:00:00Z The strong performance this week, however, for the safe-haven Swiss franc , which is up more than 3% in five days, shows the elevated levels of concern in markets. Dollar finds footing as banking crisis fears calm down 2023-03-15T04:00:00Z Prosecutors say a cellist with links to Vladimir Putin was allowed to move millions of Swiss francs into a bank with little oversight. Swiss Bankers Charged With Overlooking Millions Tied to Putin’s Friend 2023-03-08T05:00:00Z Four bankers are accused of helping Sergey Roldugin, a close friend of the Russian president according to the indictment, deposit millions of Swiss francs in Switzerland. Putin's cellist friend moved millions through Swiss bank accounts - prosecutors 2023-03-08T05:00:00Z Total assets at Credit Suisse's wealth division fell to 540.5 billion Swiss francs by the end of last year from 742.6 billion francs a year earlier. Credit Suisse obtains key approval to launch wealth business in China 2023-03-08T05:00:00Z A strengthening of the Swiss franc also had a negative effect, reducing the SNB's holdings and returns from foreign investments when they were converted back into Swiss francs. Swiss National Bank reports annual loss of 132.5 bln Swiss francs 2023-03-06T05:00:00Z Switzerland last year began looking into confiscating 100 million Swiss francs after Russia's invasion of Ukraine, but raised the targeted amount to 130 million francs following further deliberations. Swiss seek to confiscate $140 million linked to ex-Ukraine President Yanukovich 2023-02-16T05:00:00Z The bank also saw a sharp acceleration in withdrawals in the fourth quarter, with outflows of more than 110 billion Swiss francs, although it said the picture has been improving. Credit Suisse investor loses faith in management over cash outflows 2023-02-10T05:00:00Z The group's net asset outflows for the last three months of the year totalled 110.5 billion Swiss francs, the bank said. Credit Suisse posts worst annual loss since global financial crisis 2023-02-09T05:00:00Z The breakdown of the stakes taken was not given by ABB, which had already raised around 200 million Swiss francs from allocating an 8% stake in the business to other investors. Ex-US VP Gore's fund among ABB car charging business' new investors 2023-02-01T05:00:00Z The bank secured the backing of Saudi National Bank, majority-owned by the government of Saudi Arabia, which will invest up to 1.5 billion Swiss francs to take a stake of up to 9.9%. Top Credit Suisse shareholder cuts stake 2023-01-11T05:00:00Z A strengthening Swiss franc also had a negative impact. Swiss National Bank posts record $143 billion loss in 2022 2023-01-09T05:00:00Z The SNB had already raised rates in June and September after keeping them frozen at minus 0.75% for seven years as it fought the appreciation of the Swiss franc. Swiss National Bank hints at further rate hikes ahead 2022-12-15T05:00:00Z The Swiss franc was at 0.9360 per dollar as traders eyed Thursday meetings of the European Central Bank, Bank of England and Swiss National Bank. Dollar firm in calm before CPI and central bank storm 2022-12-13T05:00:00Z These are due to be sold on the market at or above the offer price of 2.52 Swiss francs, Credit Suisse said. Credit Suisse raises 'milestone' $2.4 billion in revamp cash call 2022-12-08T05:00:00Z Regarding the amount of Swiss franc denominated loans on the bank's books by the end of the strategy period, the vice president for risk management Piotr Mazur said that he hopes it will be zero. Polish lender PKO BP actively seeking M&A opportunities - official says 2022-12-08T05:00:00Z It made a loss of 131 billion francs from its foreign currency positions - the more than 800 billion francs in stocks and bonds it bought during a long campaign to weaken the Swiss franc. Swiss National Bank posts record $143 billion loss in 2022 2023-01-09T05:00:00Z Credit Suisse shares fell to a fresh record low on Thursday nearing the offer price of the 2.24 billion Swiss franc rights issue needed to help stabilise its finances. Exclusive: Credit Suisse looks to speed up cuts as revenue outlook worsens 2022-12-02T05:00:00Z Shares in the Zurich-based group hit new lows in recent days as shareholders were asked to pump about 2.2 billion Swiss francs into a restructuring programme aimed at reigning in its embattled investment bank. Take Five: Ready for that Santa rally? 2022-12-02T05:00:00Z After closing above 3 Swiss francs on Monday, they have retreated slightly, gaining 3.2% on Thursday to reach 2.942 francs, and crucially above the deal subscription price. Credit Suisse raises 'milestone' $2.4 billion in revamp cash call 2022-12-08T05:00:00Z The pound has pulled off its biggest monthly increase against the U.S. dollar since July 2020 in November, although its rally was eclipsed by peers such as the yen and the Swiss franc. U.S. Treasury's Yellen 'practiced and practiced' her signature for U.S. bills 2022-12-01T05:00:00Z Switzerland's second-largest bank last week flagged that it was on course for a pre-tax loss of up to 1.5 billion Swiss francs in the fourth quarter, and revealed that wealthy clients had made hefty withdrawals. Credit Suisse shares sink to new record lows, bonds tumble 2022-11-30T05:00:00Z Shares in Credit Suisse tumbled to a fresh lifetime low below 3 Swiss francs on Tuesday as investors dumped rights to subscribe to new shares in the loss-making lender. Former Luxottica CEO Guerra to join Prada - source 2022-11-29T05:00:00Z Credit Suisse is due to hold an Extraordinary General Meeting later on Wednesday where it will seek approval for a 4 billion Swiss franc capital increase to fund its overhaul. Credit Suisse expects Q4 pre tax loss of around 1.5 billion Sfr 2022-11-23T05:00:00Z This took its asset under management for third parties at the end of September to 100 billion Swiss francs, down from 102.8 billion francs at the end of 2021. Swiss Life fee income rises 7% in first nine months of 2022 2022-11-09T05:00:00Z The retailer - which introduced the new metric of core earnings before interest, taxes, depreciation and amortisation in August - posted turnover of 3.915 billion Swiss francs in 2021. Duty-free retailer Dufry expects jump in 2022 turnover on strong demand 2022-11-02T04:00:00Z On Thursday, Credit Suisse outlined plans to raise 4 billion Swiss francs from investors, cut thousands of jobs and shift its focus from investment banking towards its rich clients. Analysis: Cracks appear in Credit Suisse comeback plans 2022-10-28T04:00:00Z Add in taxes and restructuring-related costs, and the loss balloons to over 4 billion Swiss francs. Credit Suisse Plans a Big Retreat From Wall Street 2022-10-27T04:00:00Z The announcement came as the firm reported that it had lost 342 million Swiss francs, or $346 million, in the third quarter, a sharp swing from a $1 billion profit a year ago. Credit Suisse Unveils Sweeping Revamp to Revive Its Fortunes 2022-10-27T04:00:00Z Credit Suisse's losses have hit nearly 4 billion Swiss francs over the past three quarters alone, while its financing costs have surged amid credit ratings downgrades. Explainer: Credit Suisse in spotlight ahead of strategy shift 2022-10-24T04:00:00Z The hotel could be worth 400 million Swiss francs, as reported by finance blog Inside Paradeplatz early this month. Credit Suisse prepares Swiss business sales to raise capital - FT 2022-10-15T04:00:00Z The lender also won the backing of Saudi National Bank, majority-owned by the government of Saudi Arabia, which will invest up to 1.5 billion Swiss francs to take a stake of up to 9.9%. Analysis: Cracks appear in Credit Suisse comeback plans 2022-10-28T04:00:00Z Some analysts say the bank could be left with a capital shortfall of as much as 9 billion Swiss francs. Credit Suisse chairman pledges reform after 'horrible' year 2022-10-14T04:00:00Z And that excluded taxes and hefty costs related to the restructuring: Including those charges, the bank’s third-quarter loss was just over 4 billion Swiss francs. Credit Suisse Unveils Sweeping Revamp to Revive Its Fortunes 2022-10-27T04:00:00Z Credit Suisse is looking to sell the Savoy Hotel in central Zurich, which could be worth 400 million Swiss francs. Explainer: Credit Suisse in spotlight ahead of strategy shift 2022-10-24T04:00:00Z Total sight deposits, which include other deposits on sight in Swiss francs, declined to 639.332 billion francs from 669.585 billion francs in the previous week. Swiss National Bank cuts overnight deposits by 30 billion francs 2022-10-10T04:00:00Z The SNB has shifted its focus in recent months from stemming the rise of the safe haven Swiss franc to tackling inflation. Swiss National Bank won't tolerate above-target inflation -Jordan 2022-10-07T04:00:00Z The British pound, the euro and the Swiss franc all fell against the greenback — the first two to multiyear lows — as investors seek out a safe haven. Zelensky Asks Businesses to Join a ‘Marshall Plan’ for Ukraine 2022-09-23T04:00:00Z CitiFX has entered into a short position in the British pound against the Swiss franc following the Bank of England's and Swiss National Bank's latest policy announcements. IDB directors vote unanimously to recommend removal of Claver-Carone -sources 2022-09-22T04:00:00Z Over the past three quarters alone, losses have added up to nearly 4 billion Swiss francs. EXCLUSIVE Credit Suisse sounds out investors about capital hike - sources 2022-09-22T04:00:00Z As the Swiss franc weakened last week, it was also possible the SNB had been selling some of its foreign currencies to maintain its value, which has been helpful limiting the extent of imported inflation. Swiss National Bank cuts overnight deposits by 30 billion francs 2022-10-10T04:00:00Z This meant the central bank would purchase foreign currencies to rein in an “excessive appreciation” of the Swiss franc, Jordan said. Swiss National Bank exits negative rates era with 0.75% hike 2022-09-22T04:00:00Z It is also prepared to let the Swiss franc strengthen to try to curb imported inflation, departing from its years-long stance of reining in the franc's value and protect its export-reliant economy. Major central banks put inflation fight first as growth slows 2022-09-08T04:00:00Z He admitted he falsified trades and hid losses as part of a scheme that made him tens of millions of Swiss francs. Credit Suisse defends lawsuit from ex-Georgian PM in Singapore court 2022-09-05T04:00:00Z A Swiss foundation has already raised more than 37 million Swiss francs of the estimated 45 million Swiss francs needed to replace the current 150-year-old barracks. WANTED: 25 men to guard the pope. Must be Catholic. Must be Swiss 2022-09-01T04:00:00Z The bank said it lost 1.59 billion Swiss francs, or about $1.65 billion, in the quarter, compared with a profit 253 million Swiss francs for the same period a year ago. Credit Suisse reports $1.65 billion loss for the second quarter as its European rivals see gains. 2022-07-27T04:00:00Z “If the Swiss franc were to weaken, however, we would consider selling foreign currency,” Jordan said. Swiss National Bank exits negative rates era with 0.75% hike 2022-09-22T04:00:00Z Its market capitalisation is below 14 billion Swiss francs, according to Refinitiv data. Credit Suisse swaps out CEO, launches strategy review amid big Q2 loss 2022-07-27T04:00:00Z The traveler, according to investigators, then claimed the work was a copy and presented a handwritten invoice for 1,500 Swiss francs, or about $1,550. Spanish Authorities Seize a ‘Contraband’ Picasso at Ibiza Airport 2022-07-19T04:00:00Z It has also hit new seven-year lows versus the Swiss franc and dropped against the sterling and the yen, but few observers are willing to call a bottom yet. Euro falling towards parity pain point 2022-07-05T04:00:00Z The dollar and other haven currencies like the yen and Swiss franc would benefit at the expense of commodity currencies and sterling for the duration of a global downturn, they added. Dollar heads for weekly gain as investors weigh rates, recession risks 2022-07-01T04:00:00Z That policy cost commercial banks 1.2 billion Swiss francs in 2015 to hold deposits above a certain threshold with the central bank. Credit Suisse scraps negative rates for Swiss private clients 2022-06-29T04:00:00Z The weak spot is against the Swiss franc which has rocketed to test parity on the common currency following a surprise rate hike by the Swiss National Bank earlier in June. Euro gains traction ahead of inflation data, dollar steadies 2022-06-28T04:00:00Z In 1990 collectors in Switzerland were approached by a man trying to sell a beautiful Benin Bronze head for a half a million Swiss francs. Nigerian Ife head: Why UK police are holding a priceless sculpture 2022-06-25T04:00:00Z Its machines are used by virtually every country in the world, helping to produce U.S. dollars, Swiss francs, euros and other currencies which have the latest security features to protect against forgery. Crises keep demand for cash high, banknote machine company says 2022-06-24T04:00:00Z These deposits declined by 1.3 billion Swiss francs in the week ending June 17, versus a rise of 756 million francs a month earlier and an increase of nearly 6 billion francs in early April. Analysis: Swiss policy pivot signals exit for big stock and bond investor 2022-06-24T04:00:00Z UBS in July 2019 announced it would begin imposing a 0.75% fee on wealthy clients with deposits above 2 million Swiss francs that November, a move soon followed by Credit Suisse. Credit Suisse scraps negative rates for Swiss private clients 2022-06-29T04:00:00Z The Swiss franc, which is generally considered a stable currency, jumped against the euro and the U.S. dollar in currency markets after the announcement. Swiss raise interest rate by 1/4-point amid inflation fears 2022-06-16T04:00:00Z The Swiss franc jumped almost 1.8% against the euro on the decision and was headed for the biggest daily rise since January 2015 when the SNB unhooked the franc from its euro peg. Europe's central banks jack up interest rates to fight inflation surge 2022-06-16T04:00:00Z "For SNB economists, the Swiss franc is not over-valued anymore; second, inflation is expected to be above the limit that is associated with price stability in Switzerland." Swiss National Bank raises rates in shock move, ready for more 2022-06-16T04:00:00Z As stocks and bonds were dumped, the dollar surged and overnight it hit one-month highs on the euro, Australian dollar, New Zealand dollar, Swiss franc and Canadian dollar. Dollar towers as traders brace for hawkish Fed 2022-06-14T04:00:00Z Citing one unidentified source, Inside Paradeplatz said State Street would price its bid at 9 Swiss francs a share, a premium of more than 30% to Tuesday's closing price. Credit Suisse shares spike on reported State Street takeover interest 2022-06-08T04:00:00Z The greenback also edged higher versus the euro, sterling and Swiss franc. Dollar extends 20-year high vs yen amid inflation jitters; Aussie slips before RBA 2022-06-07T04:00:00Z While the euro , the Japanese yen , the British pound and the Swiss franc were forecast to gain against the dollar over the next 12 months none were expected to recoup their year-to-date losses. POLL Dollar to clear recent weak period unscathed -FX analysts 2022-06-02T04:00:00Z The recent depreciation in trade-weighted terms meant the Swiss franc was no longer highly valued on currency markets - long a concern for the SNB. Swiss National Bank raises rates in shock move, ready for more 2022-06-16T04:00:00Z The Reuters calculation for the aggregate U.S. dollar position is derived from net positions in the yen, euro, British pound, Swiss franc, and Canadian and Australian dollars. Speculators cut net long US dollar bets 2022-05-27T04:00:00Z The contract has a provision to be paid in euros, British pounds and Swiss francs. U.S. will start blocking Russia’s bond payments to American investors. 2022-05-24T04:00:00Z Both have provisions that payment can be made in alternative hard currencies such as dollars, euros, pound sterling or Swiss franc, while the rouble is also listed for the euro-denominated bond. Explainer: Washington holds key to Russia's sovereign default 2022-05-19T04:00:00Z Credit Suisse alone froze some 10.4 billion Swiss francs of that money through March under sanctions imposed in connection with the invasion. Swiss release some frozen Russian assets 2022-05-12T04:00:00Z But it made only a tiny profit of 10.6 million francs from its Swiss franc positions, mainly from the negative interest rates it charges on some domestic banks for parking their money with it overnight. Swiss National Bank posts $34 billion loss as bond losses bite 2022-04-28T04:00:00Z Previously the ban covered only securities and bank notes in Swiss francs and euros. Swiss implement further EU sanctions against Russia, Belarus 2022-04-27T04:00:00Z It also reaffirmed that sales of COVID-19 medicines and diagnostics would decrease by about 2 billion Swiss francs this year to around 5 billion francs. Roche Q1 sales up 10%, confirms 2022 outlook 2022-04-25T04:00:00Z Elsewhere, the dollar rose to as high as 0.9466 Swiss francs , its highest in a year, and was also testing peaks against other majors. Dollar index passes 101 for first time in two years as yen slide continues 2022-04-19T04:00:00Z The figure marked a decrease from roughly 7.5 billion Swiss francs in funds the government reported frozen on April 7. Swiss release some frozen Russian assets 2022-05-12T04:00:00Z The negative interest rate is one of the tools used by the SNB to block the rise of the Swiss franc. Swiss National Bank posts $34 billion loss as bond losses bite 2022-04-28T04:00:00Z Switzerland's small neighbour Liechtenstein has also adopted EU sanctions and said last week it had frozen around 260 million Swiss francs linked to Russia. Swiss adopt latest round of EU sanctions on Russia 2022-04-13T04:00:00Z The Swiss franc's appreciation has mitigated price rises and wage pressures appeared muted despite a tight labour market. IMF says time may be approaching for SNB to tighten policy 2022-04-06T04:00:00Z State-owned Russian Railways has said it attempted to make interest payments on bonds denominated in Swiss francs but was unable to do so. Sanctioned Russian bank VTB pays bond coupons in roubles 2022-04-05T04:00:00Z The complication is that this dollar-denominated issue contains a provision allowing for payment in alternative currencies such as euro, pound, Swiss franc and the Russian rouble . After key Russian bond payment, focus turns to upcoming issues 2022-03-18T04:00:00Z Transfers of some currencies, including roubles, euros, Japanese yen and Swiss francs, remain possible at Sberbank branches. Russia's Sberbank says sanctions limiting some forex transfers in Russia and abroad 2022-03-18T04:00:00Z That is far greater than the 848 million Swiss franc net credit exposure in Credit Suisse’s annual report. Russians have up to $213 billion stashed offshore in Swiss banks 2022-03-17T04:00:00Z The government is considering several proposals on how to shore up its defence including drafting women for the first time and boosting military spending by 2 billion Swiss francs a year. Eyeing Ukraine, neutral Switzerland mulls defence boost 2022-03-15T04:00:00Z However, the Russian contribution is just a small portion of the upgrade’s total cost, 950 million Swiss francs. World’s largest particle physics lab suspends political ties with Russia 2022-03-07T05:00:00Z Not surprisingly, investors have been sheltering in gold, the dollar, the Swiss franc and other so-called safe havens, driving up their prices to multi-month highs. Markets stagger as Russia sanctions intensify 2022-03-08T05:00:00Z Those moves are striking because both currencies typically struggle when global market sentiment deteriorates and traders tend to scramble for safer assets, such as the Swiss franc and U.S. dollar, which are also strong. Winners take all: in some markets, Ukraine war sparks boom 2022-03-08T05:00:00Z It flirted with parity on the Swiss franc on Monday for the first time in seven years. Euro mired while Ukraine war weighs on growth 2022-03-08T05:00:00Z It hit a new 22-month low against the dollar and briefly fell below parity to the Swiss franc for the first time since January 2015 -- when Switzerland abandoned its currency peg against the euro. Morning Bid: Oil shock 2022-03-07T05:00:00Z It fell below one Swiss franc, hitting 0.9982, for the first time since the Swiss quit their euro peg in 2015. Euro slides as war in Ukraine stokes inflationary shock 2022-03-07T05:00:00Z The euro extended its slide, hitting parity against the safe haven Swiss franc, and commodities of all stripes were on the rise as the Russian-Ukraine conflict showed no sign of cooling. Oil surges 10% in Asia, euro skids as bonds rally 2022-03-06T05:00:00Z The single currency was nursing even bigger losses against the Swiss franc. Europe at war: Six charts to know in financial markets 2022-03-05T05:00:00Z The U.S. dollar positioning was derived from net contracts of International Monetary Market speculators in the Japanese yen, euro, British pound, Swiss franc, as well as Canadian and Australian dollars. Speculators pare bullish U.S. dollar bets to lowest since mid-Aug -CFTC, Reuters data 2022-03-04T05:00:00Z Havens such as the yen and Swiss franc have been supported, though they dipped overnight with strength from the dollar and riskier currencies. Euro pinned as war stokes stagflation fears 2022-03-03T05:00:00Z Treasuries, German Bunds and the Swiss franc likely to see heavy buying as traders digest the implications of the latest round of sanctions. Stocks set for a painful week as conflict intensifies; bonds to gain 2022-02-27T05:00:00Z The Reuters calculation for the aggregate U.S. dollar position is derived from net positions in the yen, euro, British pound, Swiss franc and Canadian and Australian dollars. Speculators cut net long US dollar bets in latest week 2022-02-25T05:00:00Z Sterling and the risk-friendly Australian dollar also were hammered while the U.S. dollar in turn lost ground on the yen and Swiss franc. Euro tries to recover after tumbling on Russian invasion of Ukraine 2022-02-25T05:00:00Z Treasury yields are down 10 basis points, while the Swiss franc and Japanese yen are up as is the dollar index. Morning Bid: War in Europe 2022-02-24T05:00:00Z The U.S. dollar index - which gauges the currency against six major peers, including the euro, yen and Swiss franc - rose as much as 0.19% to 96.372 for the first time since Feb. 14. Euro skids versus safe-havens as Ukraine tensions ramp up 2022-02-24T05:00:00Z There is also a dash for the usual safe-havens -- the bond rally has sent 10-year Treasury yields down 7 basis points while the Swiss franc and gold are at nearly one-month highs. Morning Bid: Not so quiet on the Eastern front 2022-02-22T05:00:00Z Safe havens like the yen and Swiss franc have been the major beneficiaries of the geopolitical tension in eastern Europe. Currency markets nervously eye Ukraine headlines, take heart from possible summit 2022-02-21T05:00:00Z In forex markets, the euro/Swiss franc exchange rate is seen as the biggest indicator of geopolitical risk in the euro zone as the Swiss currency has long been viewed by investors a safe haven. How a Russia-Ukraine conflict might hit global markets 2022-02-19T05:00:00Z These tensions also caused the dollar to lose ground on the Swiss franc , with the greenback last at 0.9196 francs, just above Thursday's two week intraday day low of 0.9186 francs. Yen bid, bitcoin battered as Ukraine fears leave traders nervous 2022-02-18T05:00:00Z Senior bankers, who the bank said had taken a higher proportion of the bonus cut, received 799 million Swiss francs in cash payouts, up from just 59 million francs in 2020. No sign of light at end of tunnel for Credit Suisse investors 2022-02-14T05:00:00Z Switzerland’s second-biggest bank said it had cut its overall variable compensation pool to 2 billion Swiss francs in 2021, as the bank reported a 1.6 billion franc loss for the year. Credit Suisse sweetens deal for senior bankers with 800 million Sfr in upfront cash 2022-02-10T05:00:00Z Prosecutors are seeking six-year prison sentences for both Mr. Vincenz and Mr. Stocker and repayment of a total of 25 million Swiss francs. Swiss Banker’s Trial Rivets With Fraud Charges and Strip Club Visits 2022-02-08T05:00:00Z The employee, a former Credit Suisse manager who was also indicted, is charged with having processed transactions worth several million Swiss francs between 2004 and 2008 despite indications the money could be of criminal origin. Court says Credit Suisse faces $45.5 million claim in money-laundering case 2022-01-31T05:00:00Z A strengthening Swiss franc against the yen has added to the squeeze on already tight profit margins, company President Susumu Shirakawa said. As costs soar, some Japanese companies do the unthinkable: raise prices 2022-01-11T05:00:00Z It gave no details of its fourth-quarter performance, where the appreciation of the Swiss franc likely reduced the valuation gains from its foreign currency investments. Swiss National Bank increases annual profit as stock markets boom 2022-01-07T05:00:00Z That would total 497 million Swiss francs, the bank said in a presentation. Credit Suisse sweetens deal for senior bankers with 800 million Sfr in upfront cash 2022-02-10T05:00:00Z Among major safe-haven currencies, the Japanese yen was expected to trade around current levels and the Swiss franc to drop around 3% in a year. Another year of dollar dominance ahead as the Fed lifts rates: Reuters poll 2022-01-07T05:00:00Z Regulators have said no new business can be done after Dec. 31 using Libor, which has 35 permutations across five currencies, the U.S. dollar, the British pound, the euro, Swiss franc and Japanese yen. Explainer: The Libor era nears its end 2021-12-28T05:00:00Z Treasuries and the Swiss franc are in demand. Pulling away the punch bowl 2021-12-17T05:00:00Z Vontobel now manages roughly 4 billion Swiss francs for wealthy U.S. clients in accounts in Zurich and Geneva, as well as through its office in New York. Vontobel to open new Miami office in U.S. wealth push 2021-12-14T05:00:00Z This follows conversion of yen, Swiss franc and euro Libor over-the-counter swaps - derivatives directly negotiated between two parties - worth about $6 trillion earlier this month. Libor limbers up for 'Y2K' walk into a $265 trillion sunset 2021-12-13T05:00:00Z Nestle said it would terminate its current share repurchase plan by the end of the year, having bought back shares for 12.7 billion Swiss francs or almost two-thirds of the program volume. Nestle cuts L'Oreal stake by selling $10 billion worth of shares 2021-12-07T05:00:00Z The report did not spark any significant immediate moves in the Taiwan dollar, the Vietnamese dong or the Swiss franc. U.S. Treasury says Vietnam, Taiwan exceed currency thresholds, but no manipulator labels 2021-12-03T05:00:00Z Its investigation focused on the trading of the G10 currencies, which include the British pound - or sterling, as well as the euro, US dollar, Japanese yen and the Swiss franc. Banks fined over collusion in currency trading 2021-12-02T05:00:00Z Futures point to hefty Wall Street losses, the yen and Swiss franc are again catching a bid and oil prices have slid more than $1. Long COVID 2021-11-30T05:00:00Z "The long-term policy of the SNB remains in place: fight a strong overvaluation of the Swiss franc. The question is, however, what a strong overvaluation means," said UBS economist Alessandro Bee. Analysis: Swiss franc rises to six year high as central bank stands back 2021-11-29T05:00:00Z The shift in expectations undermined the U.S. dollar, to the benefit of the safe haven Japanese yen and Swiss franc. Stocks, oil regain some composure after Omicron battering 2021-11-28T05:00:00Z Positioning on yen, Swiss franc and euro meanwhile has been bearish, reflecting the view policy tightening is distant for those countries. Analysis: New COVID scare sparks rate rethink in markets 2021-11-26T05:00:00Z The bond in SIX Group AG would have a total volume of 150 million Swiss francs and mature in 2026, with the offering oversubscribed several times, SIX said. Swiss Exchange's new platform to use 'revolutionary' crypto tech for bond issuance 2021-11-18T05:00:00Z "We are still in a territory where the Swiss franc is high," Maechler told an event in Geneva. Swiss franc remains in demand as safe haven says Swiss National Bank's Maechler 2021-11-11T05:00:00Z "There is a risk of a renewed flight to safety and a strengthening of the currencies considered as safe havens, and therefore of the Swiss franc." Analysis: Swiss franc rises to six year high as central bank stands back 2021-11-29T05:00:00Z The pair sold for much more than the presale estimate of between 2 million and 4 million Swiss francs. Marie Antoinette’s diamond bracelets fetch $8.3M at auction 2021-11-09T05:00:00Z The pre-sale estimate for the Duchess of Windsor ring was 1 million to 2 million Swiss francs, the auction house said. Marie Antoinette diamond bracelets soar to $8 mln - Christie's 2021-11-09T05:00:00Z Credit Suisse plans to hire 500 more private bankers over the next three years, with the aim of having 1.1 trillion Swiss francs of assets under management by 2024 compared with 0.9 trillion currently. Credit Suisse pares back investment banking, sharpens focus on rich 2021-11-04T04:00:00Z With turnover 55% below 2019 levels, it sees a 13 million Swiss franc cash burn, against a 30 million franc burn previously forecast. Duty free retailer Dufry expects cash inflow to pick up in 2022 2021-10-28T04:00:00Z The dollar’s strength was most pronounced against other safe-haven assets, such as the Swiss franc and precious metals. Dollar holds upper hand after retail sales boost 2021-09-17T04:00:00Z The basketball shoes are expected to fetch up to 35,000 Swiss francs. Marie Antoinette’s diamond bracelets fetch $8.3M at auction 2021-11-09T05:00:00Z It also reported a net income of 3.8 million Swiss francs, compared to a loss of 33.1 million Swiss francs a year earlier. Federer-backed shoemaker On reveals revenue surge in U.S. IPO filing 2021-08-23T04:00:00Z U.S. dollar positioning was derived from net contracts of International Monetary Market speculators in the Japanese yen, euro, British pound, Swiss franc, and Canadian and Australian dollars. Speculators' bullish bets on U.S. dollar fall -CFTC, Reuters data 2021-08-06T04:00:00Z The U.S. dollar eased against the Japanese yen and Swiss franc as questions about slowing U.S. economic growth and the Delta variant challenged risk appetite. Asian shares near 1-wk highs but Delta woes mount 2021-08-04T04:00:00Z New Zealand’s dollar also rose after its central bank said it would look at ways to control an inflated house prices while the Swiss franc hit its highest since November versus the euro. Bonds take a breather, Tencent tumbles again 2021-08-03T04:00:00Z The bank said Thursday that net profit in the second quarter fell nearly 80 percent, to 253 million Swiss francs, or $278 million. Credit Suisse finds incompetence but no criminal conduct in Archegos debacle. 2021-07-29T04:00:00Z The Japanese yen rose about 0.5% on the dollar overnight to touch a one-week high, while the Swiss franc and euro also rose a little. China jitters lift haven currencies; dollar awaits Fed 2021-07-28T04:00:00Z “Roche expects to increase its dividend in Swiss francs further,” it added. Roche sales rebound as COVID-19 tests help power growth 2021-07-22T04:00:00Z The SNB does not intervene in domestic bond markets, instead capping the Swiss franc through foreign exchange interventions. The great exit: central banks line up to dial back emergency stimulus 2021-06-17T04:00:00Z U.S. dollar positioning was derived from net contracts of International Monetary Market speculators in the Japanese yen, euro, British pound and Swiss franc, as well as the Canadian and Australian dollars. U.S. dollar net shorts fall to lowest in two months -CFTC, Reuters data 2021-07-02T04:00:00Z However, it ordered him to pay the NOC’s expenses, estimated at 50,000 Swiss francs. Switzerland orders son of Gaddafi's oil chief to pay $1.5 million in bribery case 2021-07-02T04:00:00Z The dollar also lost ground to the Swiss franc, which hit its highest against the greenback in over six weeks. Dollar heads for second week of losses as yields decline 2021-04-16T04:00:00Z Against the Swiss franc, the U.S. currency slipped to 0.9201 franc, near its lowest levels in six weeks. Dollar slips to three-week low as inflation fears seen baked in for now 2021-04-14T04:00:00Z The bank said it would report a loss for the first quarter of 900 million Swiss francs after booking a charge of 4.4 billion francs, or $4.7 billion, related to the fund. ‘It’s Déjà Vu’: Credit Suisse Faces a Big Loss From Familiar Troubles 2021-04-06T04:00:00Z That implies a cost of 73,000 Swiss francs a year to insure exposure to 10 million francs worth of Credit Suisse debt for a five-year period. Hedge fund fallout wipes over $9 billion from market value of Credit Suisse, Nomura 2021-03-31T04:00:00Z While emerging currencies were hit hardest -- the Mexican peso plunged 18% -- even perceived havens such as the yen and Swiss franc plunged 6% to 8% as dollar shortages rippled across global money markets. A year since Black Monday 2 and a round trip for markets 2021-03-15T04:00:00Z The spectre of higher U.S. bond yields also undermined low-yielding, safe-haven assets, such as the yen, the Swiss franc and gold. Rising bond yields spook world shares as investors look to Powell 2021-03-04T05:00:00Z Sterling’s year-to-date gains are even more impressive against other currencies - it is up 5%-plus to the Swiss franc and Japanese yen. Analysis: Vaccine rollout a shot in the arm for soaring sterling 2021-02-22T05:00:00Z Outside Asia, only Credit Suisse’s investment bank managed to post profit gain in 2020, as higher expected lending losses and headwind from negative interest rates and a strong Swiss franc bit into earnings. Credit Suisse posts fourth-quarter profit loss, 22% annual fall on back of legal troubles 2021-02-18T05:00:00Z The euro rose past major resistance to a new 32-month high and the greenback struck multi-year lows on the Swiss franc and the Australian and New Zealand dollars. Dollar sinks as investors weigh Democrat gains in Georgia 2021-01-06T05:00:00Z The wrestler’s “main offence was committed in February 2006, when he transported the equivalent of more than 4 million Swiss francs in small denomination notes hidden in his car from Barcelona to Switzerland.” Credit Suisse indicted over alleged ties to Bulgarian mafia 2020-12-17T05:00:00Z Switzerland’s intervention, designed to prevent the Swiss franc from appreciating against the dollar, was particularly massive. U.S. Treasury labels Vietnam, Switzerland as currency manipulators 2020-12-16T05:00:00Z The label briefly lifted the value of the Swiss franc against the dollar. U.S. calls Switzerland, Vietnam manipulators in Trump trade shot 2020-12-16T05:00:00Z Switzerland did not engage in any manipulation of the Swiss franc, or seek to obtain any unfair competitive advantages for its economy, she added. Swiss government ready to meet U.S. counterparts for talks over currency manipulator label 2020-12-16T05:00:00Z “In light of the economic situation and the fact that the Swiss franc is still highly valued, the SNB remains willing to intervene more strongly in the foreign exchange market.” Swiss cenbank to press ahead with FX interventions despite U.S. manipulation tag 2020-12-16T05:00:00Z He designed a wooden weaving machine that could be used by disabled people, such as wounded soldiers, and sold the patent to a timber company for 100,000 Swiss francs. Peter Florjancic: Story of ski-jumping inventor who escaped the Nazis 2020-11-20T05:00:00Z Vaccine hopes also helped the dollar inch up against a basket of currencies, as investors quit long positions in other safe-haven currencies such as the Japanese yen and the Swiss franc. The S&P 500 drops, crude gains on upbeat vaccine news, recovery hopes 2020-11-10T05:00:00Z Should the race appear tight in battleground states such as Florida and Pennsylvania, he expects high-yield bonds to underperform and the yen and Swiss franc to rally. Analysis: Investors brace for another wild ride on U.S. Election Night 2020-11-03T05:00:00Z In currency markets, the U.S. dollar was also down slightly before the debate, hitting one-week lows against the euro and Swiss franc. Asian markets dip as investors brace for U.S. presidential debate 2020-09-30T04:00:00Z The U.S. dollar was also down slightly in advance of the debate, hitting one-week lows against the euro and Swiss franc. Asian markets point to mixed open as investors await U.S. presidential debate 2020-09-29T04:00:00Z The U.S. currency fell to one-week lows against the euro and Swiss franc, and dropped against commodity currencies such as the Australian and New Zealand dollars as well as the Norwegian crown. Dollar skids as investors await 1st U.S. presidential debate 2020-09-28T04:00:00Z Under the law passed last year, fathers would receive 80 percent of their salary at a daily cap of 196 Swiss francs, or $213. Swiss to Vote on Paternity Leave: Nice to Have or Essential? 2020-09-25T04:00:00Z “Additionally, we intend to provide at least 300 billion Swiss francs of sustainable financing over the next 10 years.” Court convicts 12 over tennis-playing protest at Swiss bank 2020-09-24T04:00:00Z Any breakdown in talks would tend to benefit the dollar, and the safe-haven Swiss franc, at the expense of the Japanese yen and commodity currencies such as the Australian dollar. Dollar tries to keep rally alive in a short market 2020-08-09T04:00:00Z Many investors see gold as a way to protect against a falling U.S. dollar, and the greenback is at its lowest level against the Swiss franc in more than five years. Gold’s luster grows as investors hedge in uncertain times 2020-07-27T04:00:00Z The Swiss franc is among the year’s best performing currencies and allocations to cash remain historically elevated. Fear factor: Investors rush into gold and other havens as stocks near highs 2020-07-22T04:00:00Z For the week, the dollar was on course for gains against the yen, sterling, and the Swiss franc. Euro in 'wait and see' mode ahead of crucial EU summit 2020-07-17T04:00:00Z The dollar was quoted at 0.9456 Swiss franc, close to the highest since July 3. Dollar holds gains on safe haven bid as economic risks grow 2020-07-17T04:00:00Z The mood pushed the safe-haven Swiss franc CHF= half a percent lower overnight and it lifted the crude price and oil exporters' currencies along with it. Dollar nurses losses as investors wait for China data 2020-07-16T04:00:00Z Dollar index, which measures its value against the Swiss franc and five other major currencies, is at its lowest level in more than two years. Gold’s luster grows as investors hedge in uncertain times 2020-07-27T04:00:00Z The dollar bought 0.9384 Swiss franc on Thursday in Asia, close to the lowest in almost four months. Dollar eyes multi-week lows as risk assets rally 2020-07-09T04:00:00Z The yen and Swiss franc seem set for their best months against the greenback this year, with gains of 0.6% and 1.5% respectively. Dollar stymied as mood swings between recovery hopes and virus fears 2020-06-29T04:00:00Z For the week, the dollar was on course for gains against the yen, sterling, and the Swiss franc due to safe-haven inflows. Dollar holds gains on safe haven bid as economic risks grow 2020-07-17T04:00:00Z The dollar fell to a three-month trough against the euro, sterling and Swiss franc after the Fed’s pledge to keep monetary policy loose until the U.S. economy is back on track. Asia stocks set to fall on Fed's dour outlook 2020-06-10T04:00:00Z The euro, the pound and the Swiss franc all reached three-month highs against the dollar. Dollar hits three-month lows amid Fed easing speculation 2020-06-10T04:00:00Z The yen rose to one-week highs against the greenback, while the Swiss franc climbed to its highest in more than two months versus the greenback. Asian shares slip after mixed Wall Street session 2020-06-09T04:00:00Z Swiss banks UBS and Credit Suisse only impose negative rates on deposits of more than 2 million Swiss francs. Could you have to pay your bank to save money? 2020-05-24T04:00:00Z The Swiss franc and the yen, two other popular destinations for nervous investors, were up 3% and 1% respectively in the first quarter. Global currency funds notch wins amid coronavirus volatility 2020-04-03T04:00:00Z The Japanese yen, Swiss franc, sterling and the Australian and New Zealand dollars all also lost ground as the dollar strengthened across the board. Dollar resumes climb as investors bid for safety 2020-04-03T04:00:00Z The dollar was also headed for weekly declines against the Swiss franc, the pound, and the euro. Asia stocks rise on bets of more stimulus as dollar rally fades 2020-03-26T04:00:00Z In the currency market, the dollar slid against the safe-haven yen and the Swiss franc. Bear market fears grip global shares as pandemic declared, eyes on Trump 2020-03-11T04:00:00Z Tumbling yields hammered the dollar, which traded near a six-month low versus the yen and close to a two-year trough against the Swiss franc. Stock sell-off rolls to Asia, bonds rally on virus risk 2020-03-05T05:00:00Z It also made a 6.9 billion franc gain from its gold holdings and 2.1 billion from its Swiss franc positions, it said. Swiss National Bank to double payout after posting $50 billion profit 2020-03-02T05:00:00Z He was also ordered to pay court costs of 1,103 Swiss francs and given a suspended fine of 300 Swiss francs. Climate activist convicted for Credit Suisse red paint protest 2020-02-20T05:00:00Z Besides, my bill was a long way off 2,400 Swiss francs. Warnings about Weimar Germany could turn into self-fulfilling prophecies | Arnon Grunberg 2020-02-19T05:00:00Z “Every violation would cost him” 100,000 Swiss francs, according to the CIA history. Compromised encryption machines gave CIA window into major human-rights abuses in South America 2020-02-17T05:00:00Z The yuan held gains in offshore trade and safe-havens such as Treasuries, the yen and the Swiss franc were marginally weaker in a sign of slowly improving sentiment. Stocks inch higher as new coronavirus cases fall 2020-02-11T05:00:00Z Despite the increased 4 billion franc payout, the SNB proposed keeping its dividend for shareholders at 15 Swiss francs, the legal maximum. Swiss National Bank to double payout after posting $50 billion profit 2020-03-02T05:00:00Z By comparison, borrowing Swiss francs last year and buying U.S. dollars would have only yielded a return of 1.7%. Sleeping giant awakens? Downside risks for euro grow 2020-02-11T05:00:00Z In the currency market, the safe-haven Swiss franc and the yen retreated. Asian shares gain after solid U.S. data, focus on virus 2020-02-05T05:00:00Z European shares are expected to open more than 1% down, while safe-haven assets such as the Japanese yen, the Swiss franc, gold and US Treasury bonds are in demand. Stocks and oil slide on fears over China virus outbreak – business live 2020-01-27T05:00:00Z But some of FINMA’s decisions have been appealed, including last year when a court ruled it should reconsider its confiscation of 95 million Swiss francs from a small bank. Exclusive: Regulator probes board role in Credit Suisse spying scandal - sources 2020-01-26T05:00:00Z Against the Japanese yen and the Swiss franc, which tend to draw investors during times of geopolitical or financial stress, the dollar was little-changed. Dollar steady as coronavirus contagion fears abate 2020-01-22T05:00:00Z The other popular safe-haven bet, the Swiss franc, was expected to rise by a touch less than 1% against the dollar in a year. U.S. dollar to dominate in directionless forex market: Reuters poll 2020-01-10T05:00:00Z The safe-haven Japanese yen fell from a three-month high versus the dollar and the Swiss franc pulled back from recent highs against the greenback, despite concerns about U.S.-Iranian tensions. Dollar gains, oil slips as markets focus on Mideast 2020-01-07T05:00:00Z The Indonesia soccer federation was also fined 200,000 Swiss francs and its Malaysian counterpart was fined 50,000 Swiss francs. FIFA bans player for 10 games for racism in WCup qualifier 2019-12-23T05:00:00Z Swiss francs to fully develop the system – far more investment than is provided by the Swiss Innovation Agency grant. Snow machines and fleece blankets: inside the ski industry’s battle with climate change 2019-12-19T05:00:00Z In currency markets China’s yuan took a beating and there was a flight to the safe-haven Japanese yen and to the Swiss franc, which held just under a one-month high on Wednesday. Asian shares slide as Trump raises specter of longer trade war 2019-12-03T05:00:00Z Canada Pension Plan Investment Board, Sunrise’s third biggest investor with a 5% stake according to Refinitiv data, said it will support the fundraising launched to back the 6.3 billion Swiss francs purchase. Sunrise shareholder Canada Pension Plan Investment Board backs $2.8 billion capital hike 2019-10-15T04:00:00Z Attempts by banks to rig the 50-year old benchmark denominated in sterling, yen, Swiss franc, dollar and euro, prompted regulators to call time on it. Factbox: The global benchmarks replacing Libor 2019-10-08T04:00:00Z More than one in five Polish mortgages is held in Swiss francs. Homeowners win fight over crippling Polish loans 2019-10-03T04:00:00Z The Swiss franc is also popular as a safe-haven investment at times of uncertainty. Swiss banks benefit as rich Britons line up escape route from Brexit chaos 2019-10-03T04:00:00Z The bank decided to continue to report financial results in Swiss francs. Credit Suisse says changes to result in $250 million profit boost 2019-10-02T04:00:00Z Swiss francs to cover the costs of the case. Swiss to auction 25 supercars seized from son of Equatorial Guinea dictator 2019-09-28T04:00:00Z The resulting devaluation of the Swiss franc appeared to provide a tailwind for an export-oriented economy. Note to Trump: Negative rates have delivered few positive results 2019-09-11T04:00:00Z The Polish currency was strong at the time, but began to fall as the financial crisis kicked in and the Swiss franc surged. Homeowners win fight over crippling Polish loans 2019-10-03T04:00:00Z The government backed off this radical move in 1973, but in the fall of that year, the oil shock pushed many speculators to abandon the dollar for the Swiss franc. Commentary: Switzerland pioneered negative rates in the 1970s. It got very ugly 2019-08-22T04:00:00Z In 2015, the Swiss franc soared as much as 30% in chaotic trade after the central bank abandoned the cap on the currency's value against the euro that had been in place since 2011. Should we worry about a currency war? 2019-08-08T04:00:00Z While other Asian currencies such as the South Korean won were hit, falling 1.4% against the dollar, it also spurred demand for safe-haven currencies such as the Swiss franc and Japanese yen. China's yuan drops through seven-per-dollar level 2019-08-05T04:00:00Z The yen and the Swiss franc were boosted by safe-haven demand from the escalating trade tensions. Asian shares hit two-month lows as escalating Sino-U.S. trade row... 2019-08-04T04:00:00Z At its peak, half of Polish mortgages were in Swiss francs, and that share is now 23%, according to the financial services firm Erste Group. Homeowners win fight over crippling Polish loans 2019-10-03T04:00:00Z The cab fare cost $300 Swiss francs, which is pretty much the same as the dollar right now. Lexi Thompson's caddie deserves a raise (and then some) based on his story of tracking down her passport - Golf Digest 2019-07-31T04:00:00Z Hotels and restaurants charge more in winter too, but the strong Swiss franc has priced many people out. High and dry: Alpine resorts grapple with climate change 2019-07-16T04:00:00Z Other safe-haven assets also declined, including the Japanese yen and the Swiss franc. Gold price drops sharply as trade talk hopes rise 2019-07-01T04:00:00Z “Do you think, with all the money I earned throughout my career that I would kill my story for 2m Swiss francs?” he says. Michel Platini rages from the sidelines as Infantino stands to keep Fifa crown 2019-06-03T04:00:00Z The second was on February 11 when the Swiss franc gyrated frantically, with an unexplained and brief jump against the euro and dollar. Bump in the night: FX flash crashes put regulators on alert 2019-05-30T04:00:00Z Young Boys, which won its first Swiss league title for 32 years, says its revenue last year was 80 million Swiss francs. Champions League debut drives Young Boys profit to $17M 2019-03-29T04:00:00Z The offer price for each bearer share is 17,945 Swiss francs in cash, or 15,500 francs after deducting its proposed dividend, it said. Family plans to take Swiss bank Edmond de Rothschild private 2019-03-13T04:00:00Z The U.S. dollar, the euro, the British pound and the Swiss franc are among criminals’ preferred currencies. There are more $100 bills in circulation than $1 bills, and it makes no cents 2019-03-04T05:00:00Z He was fined 500 Swiss francs, or about $500, a relatively lenient punishment. Ex-Soldier Is Convicted of Violating Swiss Neutrality by Fighting ISIS 2019-02-24T05:00:00Z He said he expected Nestle’s KitKat chocolate bars, the biggest brand in its confectionery portfolio with more than one billion Swiss francs in sales, to continue to grow in high single digits. Nestle says it is now well positioned in confectionery 2019-02-19T05:00:00Z Young Boys published a financial summary showing expenses of around 63 million Swiss francs, including more than 36 million Swiss francs in staff expenses. Champions League debut drives Young Boys profit to $17M 2019-03-29T04:00:00Z While stocks showed signs of recovery, lingering market volatility helped keep safe-haven currencies such as the yen and Swiss franc in demand. Asia stocks edge up as Wall St. extends comeback rally 2018-12-27T05:00:00Z Currency dealers were also unwinding Swiss franc CHF= and Japanese yen JPY= safety trades and Italian and Spanish bonds held their ground. Wall St. rebounds, dollar gains as euro swoons on Draghi 2018-10-25T04:00:00Z That helped strengthen the safe-haven Japanese yen and Swiss franc while higher-yielding currencies like the Australian and New Zealand dollars fell. Biting bears sink world shares to 1-year low 2018-10-23T04:00:00Z The yen and the Swiss franc, both safe-haven currencies, struggled against peers such as the euro, dollar and Australian dollar. Euro lifted off six-week low by Italian budget cut reports 2018-10-03T04:00:00Z The yen and the Swiss franc, both safe-haven currencies, dipped against peers such as the euro, dollar and Australian dollar. Euro lifted off six-week low by Italian budget speculation 2018-10-03T04:00:00Z The euro also slumped against the safe-haven yen and Swiss franc, while the dollar surged to a one-month high as investors piled into greenback and sold riskier assets such as equities. Euro slides after Italian lawmaker talks up national currency 2018-10-02T04:00:00Z The greenback hit a two-week peak against the Swiss franc and Canadian dollar. U.S. dollar rises on weaker euro, Fed policy; stocks gain 2018-09-27T04:00:00Z Spending the night in a double bedroom will cost 100 to 150 Swiss francs, in line with the pricing of hotels in the valley, according to Giacomazzi. Residents: 12. Average age: 75. Biggest challenge: avoiding extinction. 2018-09-14T04:00:00Z Spending the night in a double bedroom will cost between 100 and 150 Swiss francs, in line with the pricing of hotels in the valley, according to Mr. Giacomazzi. Residents: 12. Average Age: 75. Biggest Challenge: Avoiding Extinction. 2018-08-26T04:00:00Z Only two, the Swiss franc and the Swedish krona, now look overvalued against it. Investors are gorging on American assets 2018-07-12T04:00:00Z When the Hungarian forint crashed against the Swiss franc and they lost their homes, they were furious. After decades of triumph, democracy is losing ground 2018-06-14T04:00:00Z But campaigners say the move will actually cost the government money, as the new law raises the threshold on taxable winnings from 1,000 Swiss francs to 1 million. Swiss vote to back strict gambling law 2018-06-10T04:00:00Z Some traders are preparing for the risk through tail-risk hedging strategies, insuring against market corrections via put options on stocks and the dollar/Swiss franc. Facing a referendum on money, Swiss traders look for hedges 2018-06-01T04:00:00Z The euro fell against the Swiss franc, Japanese yen and U.S. dollar, nearing $1.15 EUR= and touching its lowest point since July. Worsening Italian crisis batters financial markets 2018-05-29T04:00:00Z Stock volatility soared and investors sought haven assets from the yen to the Swiss franc. U.S. stocks tumble on worries about Europe's stability 2018-05-29T04:00:00Z “We note that a large part of the rise is associated with the appreciation of the Swiss franc against the U.S. dollar between 2001 and 2013,” the report said. How Switzerland Lost a Currency Battle, but Won the War 2018-04-20T04:00:00Z And the ruble is not on the radar of currency traders, the way that, say, the British pound or Swiss franc is. Trump’s Annoyed About Russian and Chinese Currencies. Should He Be? 2018-04-16T04:00:00Z The American money sent by the Obama administration was first flown to Switzerland aboard an unmarked chartered aircraft, and then converted into euros, Swiss francs and other currencies. Inside the Ring: Obama-era cash traced to Iran-backed terrorists 2018-02-07T05:00:00Z Shops in Davos are peddling T-shirts that say “Feminist” for 30 Swiss francs. Analysis | In Davos, a #MeToo moment gets unexpectedly emotional 2018-01-24T05:00:00Z Its gold holdings increased in value by about three billion francs last year, and its Swiss franc positions by two billion francs. Switzerland’s Central Bank Made $55 Billion Last Year—More Than Apple 2018-01-09T05:00:00Z The 19-carat pink diamond that once belonged to King Louis XIV, Napoleon Bonaparte and other French rulers sold for a hammer price of 12.5 million Swiss francs, obliterating the pre-sale estimate. Giant diamond in necklace sells for $33.7M at Geneva auction 2017-11-14T05:00:00Z ZURICH—Switzerland’s central bank bet it all, lost big and is now making record profits on a wager that buying hundreds of billions of dollars in foreign stocks and bonds would weaken the Swiss franc. Swiss Central Bank Hits Jackpot With Quarterly Profit of $33 Billion 2017-10-31T04:00:00Z Schuler, who took the reins in May, said he expected to buy up to six companies by the end of next year, with revenues ranging from 100 million to 500 million Swiss francs. Sika wants to step up acquisition drive 2017-09-20T04:00:00Z But with Clariant’s shares up almost 3 Swiss francs since early June, a number of funds have closed out around a fifth of open positions, Astec data showed. Clariant short-sellers squeezed as activist Corvex doubles-down 2017-09-20T04:00:00Z European and emerging-market equities also advanced, while gold, the yen and the Swiss franc retreated. S&P sets record high in wake of hurricane 2017-09-11T04:00:00Z The dollar posted losses, notably against the Japanese yen and Swiss franc, reflecting the risk-averse mood in the broader markets. Asia stocks down, dollar on defensive, gripped by risk aversion 2017-09-05T04:00:00Z The SNB’s cap did temporarily turn the Swiss franc around, but the chaos sparked by its January 2015 decision to abandon that policy still hasn’t fully reversed. Sell the Swiss Franc if You Think the World Is a Better Place 2017-09-01T04:00:00Z Schuler, who took the reins in May, said he expected to buy up to six companies by the end of next year, with revenues ranging from 100 million to 500 million Swiss francs. Sika wants to step up acquisition drive 2017-09-20T04:00:00Z “People who put money on are sitting on a loss of between 0 and 3 Swiss francs.” Clariant short-sellers squeezed as activist Corvex doubles-down 2017-09-20T04:00:00Z But the practice gained new attention last year, when Credit Suisse sold a 220 million Swiss franc bond tied to its operational risk. Insurers see more demand from banks for cover against cyber attacks, rogue staff 2017-08-30T04:00:00Z The dollar posted losses, notably against the Japanese yen and Swiss franc, reflecting the risk-averse mood in the broader markets. Asia stocks down, dollar on defensive, gripped by risk aversion 2017-09-05T04:00:00Z The first time the Swiss franc showed signs of weakening this year was in the wake of the French elections, won by the staunchly pro-Europe Emmanuel Macron. Sell the Swiss Franc if You Think the World Is a Better Place 2017-09-01T04:00:00Z As usual in these circumstances, traders were looking for havens and the yen, ironically, the Swiss franc and gold were in demand. Markets slide after North Korea fires missile over Japan – business live 2017-08-29T04:00:00Z But with Clariant’s shares up almost 3 Swiss francs since early June, a number of funds have closed out around a fifth of open positions, Astec data showed. Clariant short-sellers squeezed as activist Corvex doubles-down 2017-09-20T04:00:00Z But the practice gained new attention last year, when Credit Suisse sold a 220 million Swiss franc bond tied to its operational risk. Insurers see more demand from banks for cover against cyber attacks, rogue staff 2017-08-30T04:00:00Z That is not good news for Switzerland's tourism resorts, already suffering financially because of the strength of the Swiss franc. Switzerland landslide: Are the Alps melting? - BBC News 2017-08-25T04:00:00Z The exception that proves the rule is the Swiss franc. Sell the Swiss Franc if You Think the World Is a Better Place 2017-09-01T04:00:00Z Against the Swiss franc CHF= the dollar edged higher, after jumping more than 1 percent on Monday. Asian shares, dollar rally as North Korea blinks 2017-08-14T04:00:00Z “People who put money on are sitting on a loss of between 0 and 3 Swiss francs.” Clariant short-sellers squeezed as activist Corvex doubles-down 2017-09-20T04:00:00Z Safe-haven assets such as gold and the Swiss franc were again in favor. Dow Slips 100 Points as Tensions With North Korea Escalate 2017-08-10T04:00:00Z Safe-havens assets such as gold, the Japanese yen and Swiss franc were again in favor. Wall Street set to open lower on simmering North Korea tensions 2017-08-10T04:00:00Z Bids into the Japanese yen and Swiss franc, currencies that find demand in times of geopolitical anxiety, also tapered. Asia stocks steady, Treasury prices off highs as risk aversion settles 2017-08-09T04:00:00Z Against the Swiss franc CHF= the dollar edged higher, after jumping more than 1 percent on Monday. Asian shares, dollar rally as North Korea blinks 2017-08-14T04:00:00Z That was when the Swiss National Bank shocked global markets by abandoning a policy of preventing the franc from strengthening beyond 1.20 Swiss francs against the... Look Here, A Market Where Something Is Actually Happening 2017-08-08T04:00:00Z The administrator maintains a panel of 11 to 17 banks for each of the five currencies in which Libor is calculated: the British pound, the dollar, the euro, the Swiss franc and the Japanese yen. British Regulators Seek to Phase Out Libor by 2021 2017-07-27T04:00:00Z Safe-havens assets such as gold, the Japanese yen and Swiss franc were again in favor. Wall Street set to open lower on simmering North Korea tensions 2017-08-10T04:00:00Z Bids into the Japanese yen and Swiss franc, currencies that find demand in times of geopolitical anxiety, also tapered. Asia stocks steady, Treasury prices off highs as risk aversion settles 2017-08-09T04:00:00Z The company was supposed to invest 35 million Swiss francs in B.M.A., he said, but never paid the remaining 16 million Swiss francs. Investors Put More Financial Pressure on Boxing Federation 2017-07-21T04:00:00Z Treasurys for currencies such as the Japanese yen or Swiss franc, or betting on investments that will benefit if inflation... Fresh Highs for Markets Leave Some Investors Digging for Value 2017-07-17T04:00:00Z Only the Swiss franc, Norwegian krone and Swedish krona are overvalued. The Big Mac index 2017-07-13T04:00:00Z It started buying Nestle shares earlier this year when the stock was trading above 70 Swiss francs per share, the source said. Activist Loeb keeps up pressure on Nestle: source 2017-07-10T04:00:00Z Almost a decade later, he sold the company for one million Swiss francs. How Nestlé Expanded Beyond the Kitchen 2017-06-27T04:00:00Z A Swiss estate owned for decades by a branch of the Barilla family, founders of the pasta company, is asking 70 million Swiss francs, or roughly $72 million. Pasta Heir Lists Swiss Estate for About $72 Million 2017-06-15T04:00:00Z The company said at the time that it might need to raise as much as 11 billion Swiss francs, or about $11.1 billion, to complete its restructuring. Credit Suisse Will Raise $4 Billion to Address Capital Concerns 2017-04-26T04:00:00Z The Swiss lender put on hold a plan to sell shares in its domestic banking business and posted a first quarter profit of 596m Swiss francs. Credit Suisse plans £3bn fundraising to boost capital - BBC News 2017-04-26T04:00:00Z The fines section of the security department said in an email that women offenders risked penalties of 70 Swiss francs, or about $70, for violating the local law. Geneva OKs bare-breasted swimming for women 2017-04-06T04:00:00Z There were no issuances in Swiss francs or other European currencies during the first quarter. Chinese Firms Shy Away From European Debt 2017-04-03T04:00:00Z Last year, Credit Suisse racked up a 2.7 billion Swiss franc loss, its second in a row, after a trading mishap and a $5 billion penalty for the sale of toxic mortgage debt. Mind the gap: high banker pay no guarantee of success 2017-03-31T04:00:00Z He was also fined 10,000 Swiss francs, or about $10,200. Argentina’s Lionel Messi Suspended for Four Games 2017-03-28T04:00:00Z That compares with a 302m Swiss franc loss a year ago. Credit Suisse plans £3bn fundraising to boost capital - BBC News 2017-04-26T04:00:00Z UBS already imposes charges for large accounts held in Swiss francs by companies and some wealthy clients. UBS charges customers to deposit euros - BBC News 2017-03-22T04:00:00Z The yen and the Swiss franc tended to move the most in the first week, he added, but the impact tended to be longer lasting on the Australian and Canadian dollars. Dollar crunched, bonds boosted as Fed goes gradual 2017-03-15T04:00:00Z Wages have shrunk since 2010, when the former chief executive of Credit Suisse, Brady Dougan, received nearly 90 million Swiss francs. Mind the gap: high banker pay no guarantee of success 2017-03-31T04:00:00Z Being born in Switzerland does not guarantee citizenship, so non-Swiss must typically wait 12 years before applying, taking tests, going for local government interviews and often paying thousands of Swiss francs in fees. Same birthplace, different rights: Will Swiss change rules? - BBC News 2017-02-10T05:00:00Z When the Swiss franc increased in value, they found it hard to repay the loans. Romania top court strikes down Swiss franc 'mortgage' loan 2017-02-07T05:00:00Z At the cloakroom we are told that bags with shoes now cost 5 Swiss francs to check. A Gathering of the Global Elite, Through a Woman’s Eyes 2017-01-20T05:00:00Z But the parents refused to send their daughters to the lessons, and in 2010, the officials imposed a fine of 1,400 Swiss francs, about $1,380. Muslim Girls in Switzerland Must Attend Swim Classes With Boys, Court Says 2017-01-10T05:00:00Z Assume Johnson & Johnson is forced to pay a 30-percent premium over a price of 150 Swiss francs a share. Johnson & Johnson Has Its Eye on Actelion 2016-11-25T05:00:00Z There it was converted into Swiss francs and deposited into an account at Switzerland’s central bank. Inside the 37-Year Standoff Over Iran’s Frozen U.S. Dollars 2016-12-28T05:00:00Z Other settlements were reached with varying groups of banks over cartels related to derivatives and benchmarks in Swiss francs and yen. Switzerland fines banks for cartels on rates, derivatives 2016-12-21T05:00:00Z At an investor day conference on Wednesday, the bank said that it would cut costs by a further 1 billion Swiss francs, or about $992 million. Credit Suisse to Cut Costs Further and Lower Profit Targets 2016-12-07T05:00:00Z It says ABB shares, which are below 21 Swiss francs, would be worth 35 francs if its separate business arms traded in line with listed peers. Demergers and destruction: activists press Europe conglomerates 2016-11-29T05:00:00Z Equities, the dollar and emerging market currencies were the early favorites over low-yielding hedges such as gold, the yen, Swiss franc and sovereign bonds. Asia shares, dollar make guarded gains on Clinton expectations 2016-11-08T05:00:00Z A victory for Republican Donald Trump would be expected to drive capital into the perceived security of the Japanese yen and Swiss franc and be negative for the economies of Canada and Mexico. U.S., Canadian dollars rise with Mexico peso as markets bet on Clinton win 2016-11-08T05:00:00Z The float of 20 to 30 percent of Swiss Universal Bank is expected to be the biggest IPO next year, with Credit Suisse hoping to raise up to 4 billion Swiss francs. Credit Suisse expects more consolidation in Swiss finance sector in 2017 2016-11-08T05:00:00Z Mondelez said its production costs jumped in Switzerland due to the significant drop of the euro against the Swiss franc in January 2015. Mind the Gap: Toblerone Customers Feel Short-Changed By Shape Change 2016-11-08T05:00:00Z The U.S. currency also rose 1 percent against the Swiss franc. Dollar jumps against yen, euro as FBI clears Clinton 2016-11-06T04:00:00Z The U.S. dollar dipped to a more than one-month low against the safe-haven Swiss franc on Friday, while weakness in oil prices raised concerns about low inflation and pushed U.S. Trump, Clinton focus on crucial states in campaign's final days 2016-11-06T04:00:00Z The prospect of such a glacial tightening did little to aid the U.S. dollar which hit its lowest level in more than three weeks against the euro, yen, Swiss franc and sterling. Asia stocks, dollar wrestle with U.S. political risk 2016-11-02T04:00:00Z World stocks, the dollar and oil fell on Wednesday, while safe-haven assets such as gold and the Swiss franc rose as investors showed nerves over the tightening race. Clinton and Trump push closing arguments as markets fret over tight race 2016-11-02T04:00:00Z Other haven assets were also favoured, with the Swiss franc rising to 1.0782 francs per euro, its highest level since late June. Asian markets show jitters as US polls narrow gap between Trump and Clinton 2016-11-02T04:00:00Z The account was opened in the name of "Portsmouth" and bank documents seen by Panorama later showed a balance of more than 1m Swiss francs. Rolls-Royce 'made secret payments' - BBC News 2016-10-31T04:00:00Z From 11 November, customers will be able to trade Swiss francs for Bitcoins using ticket machines. Swiss railway ticket machines to sell Bitcoin digital currency - BBC News 2016-10-29T04:00:00Z Sovereign bonds, gold, the yen and Swiss franc were all in favor, and even the prospect of a December rate increase from the Federal Reserve could not save the dollar. Asia stocks, dollar wrestle with U.S. political risk 2016-11-02T04:00:00Z Beginning Nov. 11, customers will be able to trade Swiss francs for bitcoins using the ticket machines in a two-year experiment that will test Switzerland's appetite for the cryptocurrency, the state-owned company announced on Friday. Swiss rail operator to sell bitcoins at its ticket machines 2016-10-28T04:00:00Z Swiss watchmakers are grappling with a combination of collapsing demand in Hong Kong, their biggest market, tourists avoiding Europe for fear of militant attacks, and high costs exacerbated by a strong Swiss franc. Swiss watchmakers pessimistic about industry outlook: Deloitte 2016-09-27T04:00:00Z The cash payments—made in Swiss francs, euros and other currencies—settled a decades-old dispute over a failed arms deal dating back to 1979. U.S. Sent Two More Planeloads of Cash to Iran After Initial Payment 2016-09-07T04:00:00Z The yuan is now the most traded emerging-market currency, moving past the Mexican peso, and on par with the Swiss franc and Canadian dollar. China Can’t Break Free From the Almighty Dollar 2016-09-01T04:00:00Z It was converted into currencies including euros and Swiss francs and sent to Iran on wooden pallets in an unmarked cargo plane, they said. U.S. Cash Shipment Unrelated to Nuclear-Deal Talks, Senior Iran Official Says 2016-08-08T04:00:00Z On the day the U.S. hostages came home from Iran, an unmarked cargo plane landed in Tehran’s Mehrabad Airport with cash amounting to $400 million of euros, Swiss francs and other currencies. Obama’s Cash for Iran’s Hostages 2016-08-03T04:00:00Z Due to international sanctions against Iran, the payment, made in euros, Swiss francs and other currencies, had to be made in cash, U.S. officials argue. Obama administration denies Iran cash payment was a ransom 2016-08-03T04:00:00Z The $400 million in euros, Swiss francs and other currencies flown into Iran was the first installment. Critics of Iran Nuclear Deal Attack U.S. Cash Payment 2016-08-03T04:00:00Z The report about the cash payments — $400 million in euros, Swiss francs and other currencies flown to Tehran on a cargo plane — quickly sparked condemnation from opponents of President Obama’s Iran negotiations, especially among Republicans. $400 million payment to Iran becomes GOP campaign issue 2016-08-03T04:00:00Z The report about the cash payments — $400 million in euros, Swiss francs and other currencies flown to Tehran on a cargo plane — quickly sparked condemnation from opponents of Mr. Obama’s Iran negotiations, especially among Republicans. $400 Million Cash Payment to Iran Fuels Latest Campaign Dispute 2016-08-03T04:00:00Z Wooden boxes stacked with euros, Swiss francs and other currencies were flown into Iran on an unmarked cargo plane in January, according to U.S. and European officials and congressional staff briefed on the operation afterward. U.S. Sent Iran $400 Million as Hostages Released 2016-08-03T04:00:00Z Wooden pallets stacked with euros, Swiss francs and other currencies were flown into Iran on an unmarked cargo plane, according to these officials. U.S. Sent Cash to Iran as Americans Were Freed 2016-08-02T04:00:00Z UBS also said that lower-than-anticipated and negative interest rates, as well as the strength of the Swiss franc compared with that of the euro, also were presenting “considerable headwinds.” UBS Profit Slipped 14% in Second Quarter but Beat Estimates 2016-07-29T04:00:00Z That means buyers of these securities will get fewer euros, yen, Swiss francs or Danish kroner back than they invested, a development without precedent in hundreds of years of financial history. Can We Ignore the Alarm Bells the Bond Market Is Ringing? 2016-07-11T04:00:00Z Libor tracked not only the cost of borrowing pounds, but also US dollars, Swiss francs and Japanese yen. How Libor came to be fiddled - BBC News 2016-07-04T04:00:00Z Brabeck-Letmathe noted the transition amid an “increasingly difficult external environment” for Nestle, which reported a 37 percent drop in net profit last year due to a stronger Swiss franc and one-time items linked to deal-making. Nestle taps new CEO with health care industry background 2016-06-28T04:00:00Z Brabeck-Letmathe noted the transition amid an "increasingly difficult external environment" for Nestle, which reported a 37 percent drop in net profit last year due to a stronger Swiss franc and one-time items linked to deal-making. Nestle taps new CEO with health care industry background 2016-06-28T04:00:00Z The company has been hurt by the strong Swiss franc, slowdowns in major markets such as China and Europe and weakness in consumer prices. Nestlé Taps Ulf Mark Schneider as Next CEO 2016-06-27T04:00:00Z After investors started buying Swiss francs, pushing the currency up 6.6% against sterling on Friday, the Swiss National Bank intervened immediately, effectively flooding the market with its own currency to manage demand. What are 'safe haven' investments in stormy markets? - BBC News 2016-06-26T04:00:00Z On Friday, the Swiss National Bank acted to weaken the Swiss franc which rose 2.1% against the dollar as investors rushed to buy the currency. China warns Brexit will 'cast shadow' over global economy - BBC News 2016-06-26T04:00:00Z Havens like Treasurys, the yen and the Swiss franc seem likely to remain in demand. The Week After the Day After ‘Brexit’ 2016-06-24T04:00:00Z Currencies seen as havens are susceptible to unwanted sharp rises in times of financial stress and the Swiss franc is a prime example of that. EU referendum: What next for the world's central banks? - BBC News 2016-06-24T04:00:00Z They are braced for changes to the price of gold, to the Swiss franc, to Japanese monetary policy. Effects of ‘Brexit’ Vote to Span Markets, Politics 2016-06-23T04:00:00Z A vote for the U.K. to leave could also drive the Swiss franc higher, eating into margins at Swiss watchmakers such as jewelry and watchmaker Richemont, according to Bernstein luxury analyst Mario Ortelli. European Luxury Brands Could Seize on ‘Brexit’ Turmoil 2016-06-19T04:00:00Z Likely that would lead to a flight to safety by investors buying Swiss francs and U.S. dollars. Emerging Markets Aren't Submerging Any More 2016-06-07T04:00:00Z Under the terms of the basic income, workers who already earn more than SFr2,500 Swiss francs would not get any additional money. Switzerland to hold first ever vote on basic income - BBC News 2016-06-04T04:00:00Z What if the strains show up in terms of foreign currency liquidity - say an Italian bank needing quick access to Swiss francs? EU referendum: What next for the world's central banks? - BBC News 2016-06-24T04:00:00Z Additionally, the three officials pocketed 23m Swiss francs as “special bonuses” awarded four months after the 2010 World Cup in South Africa. Blatter, Valcke and Kattner awarded themselves £55m, say Fifa lawyers 2016-06-03T04:00:00Z Nestlé’s sales have been hurt by the strong Swiss franc, slowdowns in major markets like China and Europe and deflationary forces that have made it hard to raise prices. CEO Says Nestlé, at 150 Years Old, Hasn’t Lost Its Edge 2016-06-02T04:00:00Z The rise was driven in part from the non-recurrence of losses associated with the strong Swiss franc. Cartier Parent Richemont Warns of Tough Months Ahead 2016-05-20T04:00:00Z The 14.62-carat stone went to an unidentified buyer for a hammer price of 50.6 million Swiss francs — which excluded fees and the buyer’s premium. Business Highlights 2016-05-18T04:00:00Z But even if this allowed 700 million Swiss francs in risk-weighted assets to be cut from the balance sheet, the savings in the bank’s capital costs would be less than 10 million francs annually. Credit Suisse Takes Out Insurance on Itself 2016-05-17T04:00:00Z Don't expect everyone to start abandoning their Swiss francs just yet, though. A Swiss town billed as a hub of the digital currency industry will accept bitcoin for some official payments starting this summer, in what proponents call a worldwide first by a government body and a sign that "crypto finance" is growing in legitimacy 2016-05-11T04:00:00Z Don’t expect everyone to start abandoning their Swiss francs just yet, though. Seen as global first, Swiss town to accept bitcoin payments 2016-05-11T04:00:00Z Much of its costs, however, are denominated in Swiss francs, which soared after Switzerland’s central bank ended a policy of capping the currency’s value in January 2015. Cartier Parent Richemont Warns of Tough Months Ahead 2016-05-20T04:00:00Z In the first three months of the year, Credit Suisse, based in Zurich, reported a loss of 302 million Swiss francs, or about $311 million. Credit Suisse Reports First-Quarter Loss on Turbulent Markets 2016-05-10T04:00:00Z Swiss francs in 2016, deliver more profits from wealth management and maintain a strong balance sheet. Credit Suisse reports loss amid most 'difficult markets on record' - BBC News 2016-05-10T04:00:00Z Apparently Trump thinks we are on a gold standard of some kind or that our debt is in Swiss francs. Donald Trump Is Coherent on Monetary Policy, but Not on Debt 2016-05-05T04:00:00Z To be precise it needs to add about 1.85 billion Swiss francs in common equity or cut another roughly 50 billion Swiss francs in assets by the end of 2019. UBS: Timid Clients Kick Profits to the Side 2016-05-03T04:00:00Z For every one Swiss franc a sports organization spends in Switzerland, Mr. Stricker’s study found, the local economy sees an impact of 1.55 francs. Switzerland, Global Sports Capital, Seeks New Recruits 2016-04-22T04:00:00Z He also received oral requests on a weekly basis from a Swiss franc trader who sat next to him from March 2007 to November 2008, it said. British Regulator Bars Former R.B.S. Trader in Libor Case 2016-04-12T04:00:00Z The Swiss cabinet said it recognized the overarching goal but this particular proposal would cost an estimated 208 billion Swiss francs a year, significantly weaken the economy and discourage people, especially low earners, from working. Money for nothing? Swiss government gives thumbs down 2016-04-08T04:00:00Z The yen's gains were broad based with heavy buying seen against the euro, Swiss franc and Australian dollar. Yen surge squeezes Nikkei, oil up as dollar slips 2016-04-06T04:00:00Z The Swiss bank recorded 15.5 billion Swiss francs of net new money driven by cash from Asia, but saw wealth management revenues continue on their downward slide since the first quarter of last year. UBS: Timid Clients Kick Profits to the Side 2016-05-03T04:00:00Z In March, Credit Suisse announced 800 million Swiss francs in additional cost cuts and plans to shrink its investment bank further. Credit Suisse faces tough questions after $1 billion write-downs 2016-04-04T04:00:00Z For instance, the U.S. dollar weakened sharply, including against the Swiss franc, after Fed Chairwoman Janet Yellen suggested in a speech last week that the Fed would go slow on future rate increases. Swiss National Bank Keeps Cards Close to Chest 2016-04-04T04:00:00Z In response, the bank is increasing its cost-cutting targets over the next three years by 50%, will sell businesses worth 1 billion Swiss francs this year and will hold back planned investment spending. How Credit Suisse’s New CEO Stumbled at the First Hurdle 2016-03-23T04:00:00Z He raised around 6 billion Swiss francs in capital last year and is cutting back Credit Suisse's volatile investment banking business while focusing on more stable wealth management. Credit Suisse to ax 2,000 more investment banking jobs 2016-03-23T04:00:00Z ZURICH—Switzerland’s trade surplus jumped in February on the back of strong pharmaceutical exports, as the Alpine country bucked some of the negative consequences of the strong Swiss franc. Switzerland Dodges Effects of Strong Franc as Trade Jumps 2016-03-22T04:00:00Z Nine years ago, her bank refused to lend rubles, offering a mortgage only in Swiss francs. As energy prices drop, ordinary Russians are protesting 2016-03-12T05:00:00Z Lindt said it increased sales in all its major markets, despite describing 2015 as a tough year where higher raw material prices and the elevated level of the Swiss franc were negative factors. Lindt & Spruengli Lifts Profit in Challenging Market 2016-03-08T05:00:00Z The Swiss National Bank, for instance, wants to keep the Swiss franc from strengthening against the euro. Everything You Need to Know About Negative Rates 2016-02-28T05:00:00Z Blatter said there was a contract for 300,000 Swiss francs, the same as FIFA’s then secretary general in line with its salary structure, plus a “gentleman’s agreement” to get the rest later. FIFA Reduces Bans for Blatter and Platini From 8 to 6 Years 2016-02-24T05:00:00Z Add to that the overvaluation of the Swiss franc and Switzerland's products start to become very expensive. EU referendum: Can Switzerland show UK route to Brexit? - BBC News 2016-02-22T05:00:00Z VEVEY, Switzerland—Nestlé SA on Thursday reported its slowest sales increase in six years as decelerating emerging markets and the strength of the highly-valued Swiss franc sapped the Swiss food giant’s performance. Nestlé Earnings Pressured by Strong Swiss Franc 2016-02-18T05:00:00Z In the three months ended Dec. 31, the bank reported a loss of 5.83 billion Swiss francs, or about $5.8 billion, from a profit of 691 million francs in the same period a year earlier. Credit Suisse Reports Huge Loss on Write-Down in Fourth Quarter 2016-02-04T05:00:00Z Those flows put pressure on the Swiss franc to rise. The Hottest Idea in Finance: Capital Controls Are Good 2016-02-04T05:00:00Z Credit Suisse said it planned to save 900m Swiss francs "from workforce strategy and the rightsizing of the bank's London presence". Credit Suisse announces 4,000 job cuts - BBC News 2016-02-04T05:00:00Z The deal is expected to close by the end of 2016, with a special dividend of 5 Swiss francs a share to be paid if the deal closes. ChemChina will buy Syngenta for $43 billion; Comcast, Time Warner add subscribers 2016-02-03T05:00:00Z The Swiss franc, which surged in value during 2015, also took its toll on Swatch, which makes most of its products in Switzerland. Swatch to Buy Back Shares as Profit Falls Amid Luxury-Sector Slowdown 2016-02-03T05:00:00Z As a result, the bank took a good-will impairment charge of 3.8 billion Swiss francs related to its global markets, Asia-Pacific and investment banking and capital market businesses in the fourth quarter. Credit Suisse Reports Huge Loss on Write-Down in Fourth Quarter 2016-02-04T05:00:00Z Japan’s yen rallied, a classic haven signal, but the Swiss franc, another mainstay of investors seeking refuge, rose just 0.1% against the dollar. Dow Plunges as Investors Retreat 2016-02-03T05:00:00Z UBS’s gross margin, which measures the net revenues it earns per Swiss franc of assets under management, dropped most sharply in Asia and is comfortably the worst of any region. UBS Does Disappointment Twice Over 2016-02-02T05:00:00Z The bank, based in Zurich, reported a profit of 949 million Swiss francs, or about $929 million, for the three months that ended Dec. 31. UBS Profit Up in 4th Quarter, but Markets Weigh on Results 2016-02-02T05:00:00Z The SNB's decision to call time on the policy saw the Swiss franc surge immediately on foreign exchange markets. Swiss National Bank sees loss of $23 billion for 2015 linked to policies to limit franc's rise 2016-01-08T05:00:00Z In the currency markets, the most likely candidates are the yen and the Swiss franc. China share turmoil: How it affects the rest of the world - BBC News 2016-01-07T05:00:00Z He prefers betting that the Swiss franc will decline against the currencies of Scandinavian countries. Has the Dollar Reached a Peak? 2016-01-02T05:00:00Z Switzerland’s attorney general is investigating whether the 2m Swiss francs constitutes what is termed a “disloyal payment”. Sepp Blatter and Michel Platini banned from football for eight years by Fifa 2015-12-21T05:00:00Z In media interviews since October, Platini and Blatter said the former France captain asked for a salary of 1 million Swiss francs. Michel Platini's FIFA presidential bid tested at ethics hearing over payment from Blatter 2015-12-18T05:00:00Z |
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