SNB & CHF

Tama Vakeesan was born in Switzerland to Tamil parents from Sri Lanka. This week, she meets up with Thileeban, who talks about his difficult start to life here in Switzerland. These days, apart from selling Sri Lankan street food, he's also involved in film production. (SRF Kulturplatz/swissinfo.ch) --- 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...

Swiss Labor Force Survey in the third quarter of 2017: Job Offer The number of persons in employment increases by 1.0 percent; Unemployment rate according to ILO is 5.0 percent Neuchâtel, 16.11.2017 (FSO) – The number of employed persons in Switzerland rose by 1.0% between the 3rd quarters of 2016 and 2017. During the same period, the unemployment rate as defined by the International Labour Organisation (ILO) declined...

Swiss Franc The Euro has risen by 0.25% to 1.1679 CHF. EUR/CHF and USD/CHF, November 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates After rising to its best level since October 20, the euro reversed direction yesterday and has extended its pullback today. The unexpected tick up in US core CPI and better than expected retail sales may have helped spur the euro losses...

Over the weekend, Saudi King Salman shocked the world by abruptly announcing the arrests of 11 senior princes and some 38 ministers, including Prince Al-Waleed bin Talal, the world’s sixty-first richest man and the largest shareholder in Citi, News Corp. and Twitter. The purge was orchestrated by a new “supreme committee” to investigate public corruption created by King Salman but under the control of Crown Prince...

– Protect Your Savings With Gold: ECB Propose End To Deposit Protection – New ECB paper proposes ‘covered deposits’ should be replaced to allow for more flexibility – Fear covered deposits may lead to a run on the banks – Savers should be reminded that a bank’s word is never its bond and to reduce counterparty exposure – Physical gold enable savers to stay out of banking system and reduce exposure to bail-ins -...

The point is to end the current system in which billionaires get all the privileges and financial benefits of owning assets in the U.S. but don’t pay taxes that are proportional to the benefits they extract. As has been widely noted, the Republicans’ proposed “tax reform” is not only just more BAU (business as usual, i.e. cut taxes for the wealthy), it’s also not real reform. At best, it’s just another iteration of D.C....

Expensive Politics Instead of a demonstration of its overwhelming military might intended to intimidate tiny North Korea and pressure China to lean on its defiant communist neighbor, President Trump and the West should try to learn a few things from China. Photo credit: AP - Click to enlarge President Trump meets President Xi. The POTUS reportedly had a very good time in China. The President’s trip to the Far East...

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Swiss Franc The Euro has fallen by 0.07% to 1.1661 CHF. EUR/CHF and USD/CHF, November 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The euro and yen are extending their gains, casting a pall over the US dollar. The euro is extending its advance into a sixth consecutive session, which is the longest streak since May. It is approaching last month’s highs in the...