Swiss
Swiss Watch Exports Slump Globally in August
[ad_1] PARIS — Swiss watch exports cooled significantly in August. Shipments of wristwatches fell 16.4 percent, reaching 1.57 billion Swiss francs or $1.98 billion, and over 13 percent in units...
China’s PBOC extends currency swap pacts with ECB, Swiss, Hungarian central banks
[ad_1] [BEIJING] China’s central bank has extended currency swap agreements with the European Central Bank and the central banks of Switzerland and Hungary, the People’s Bank of China (PBOC) said...
Swiss watchmakers sound upbeat on US as long as stocks last
[ad_1] [ZURICH] Swiss watchmakers at their annual back-to-school gathering in Geneva were putting a brave face on US President Donald Trump’s tariffs threatening their businesses. That may change if their...
Laurent Freixe: Former Nestle CEO Was Fired After He Was Caught by His Mistress Cheating With Junior in Swiss Hotel
[ad_1] Former Nestlé CEO Laurent Freixe was reportedly fired after a senior executive, said to be his mistress, allegedly caught him at a Zurich hotel with another subordinate. She later...
HSBC Swiss unit culls wealthy Middle Eastern clients amid regulator scrutiny: report
[ad_1] [LONDON] HSBC’s Swiss private bank has launched a cull of more than 1,000 wealthy Middle Eastern clients, as it faces scrutiny from regulators over high-risk customers, the Financial Times...
Swiss banker bonus cap proposal watered down in parliament
[ad_1] [ZURICH] Swiss lawmakers have watered down a proposal that would have installed a fixed upper limit on compensation at the country’s biggest banks including UBS Group.In March, the upper...
Swiss Watch Exports to U.S. Jump in July Ahead of 39 Percent Tariff
[ad_1] PARIS – While Switzerland is still reeling from the 39 percent tariff announced by the U.S. on July 31, July figures show Swiss watchmakers and their clients anticipated the...
A 240-year-old Swiss watchmaker’s race to beat Trump’s tariff deadline
[ad_1] [LONDON/GENEVA] As a US tariff deadline neared this week, Swiss watch manufacturer DuBois et fils rushed to ship five high-end watches worth thousands of US dollars each to the...
Radu Jude, Abdellatif Kechiche Head to Locarno as Swiss Fest Announces Lineup, An ‘Ambitious and Exciting Edition’
[ad_1] Switzerland’s Locarno Film Festival has announced its full lineup, which will see Radu Jude, Abdellatif Kechiche and Ben Rivers competing for its prestigious Golden Leopard. Jude, who won the...
Swiss National Bank cuts interest rate to zero in effort to stop franc inflows
[ad_1] [ZURICH] The Swiss National Bank (SNB) cut its interest rate to zero, seeking to deter investors from pushing up the franc.The quarter-point reduction on Thursday (Jun 19) is the...
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