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SNB & CHF

Swiss president expresses gratitude to Swiss Abroad

In a Swiss National Day address to Swiss citizens who live in another country, Ueli Maurer, who holds the rotating Swiss presidency this year, stresses shared Swiss values. --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective on international events. For more articles, interviews and videos visit swissinfo.ch or subscribe to our YouTube channel: Website: http://www.swissinfo.ch...

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Swiss prices under scrutiny

Stefan Meierhans has a job that doesn't exist elsewhere. For more than 10 years he has been keeping an eye on Swiss prices, to make sure they're fair and honest. One of his big fights is making public transport more attractive than individual transport by car. All in all, young people are one of his main focus groups, because they're more vulnerable when it comes to debts. Nouvo brings you short videos about Switzerland, Swiss current affairs and the wider world. Keep up to date and watch...

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Swiss president expresses gratitude to Swiss Abroad

In a Swiss National Day address to Swiss citizens who live in another country, Ueli Maurer, who holds the rotating Swiss presidency this year, stresses shared Swiss values. --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective on international events. For more articles, interviews and videos visit swissinfo.ch or subscribe to our YouTube channel: Website: http://www.swissinfo.ch...

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FX Daily, August 2: End of Tariff Truce Trumps Jobs

Swiss Franc The Euro has fallen by 0.40% to 1.0929 EUR/CHF and USD/CHF, August 02(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The market was finding its sea legs after being hit with wave and counter-wave following the FOMC decision, and more importantly, Powell’s attempt to give insight into the Fed’s thinking. Trump’s tweet than signaled an end to the tariff...

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Swiss Consumer Price Index in July 2019: -0.3 percent YoY, -0.5 percent MoM

02.08.2019 – The consumer price index (CPI) fell by 0.5% in July 2019 compared with the previous month, reaching 102.1 points (December 2015 = 100). Inflation was 0.3% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO).The decrease of 0.5% compared with the previous month can be explained by several factors including falling prices for clothing and footwear...

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UBS To Start Charging Rich Clients With Negative 0.75 percent Interest Rate

For years, European banks were leery of passing on the ECB’s negative -0.40% deposit rate to their clients for fears of deposit flight and other unintended consequences, in the process being forced to “eat” the difference and impacting their interest income. However, after five years of NIRP, and with the ECB set to unleash even more negative rates in the immediate future, one bank has finally taken a stand: according...

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Glencore suffers $350m hit as cobalt prices decline

Congolese diaspora protesting against Glencore last summer. Glencore has taken a $350 million hit because of falling cobalt prices as the problems facing its African copper business continue to pile up. The Switzerland-based miner and commodity trader has been grappling with a string of issues in the Democratic Republic of Congo, where it operates two copper mines, and in Zambia, where it owns another asset. Dozens of...

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FX Daily, August 1: Mid-Course Correction Sends Greenback Higher

Swiss Franc The Euro has fallen by 0.15% to 1.0989 EUR/CHF and USD/CHF, August 01(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The Federal Reserve delivered the first rate cut since the Great Financial Crisis but couched it in terms of a mid-course correction rather than the start of a larger easing cycle. By doing so, Fed chief Powell cast the cut in less...

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