SNB & CHF

Swiss Franc The Euro has fallen by 0.24% at 1.1435 EUR/CHF and USD/CHF, October 22(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates US Dollar: After a slow start in Asia, the US dollar has turned better bid. The euro recovered from $1.1430 before the weekend to $1.1550 today, where an option for almost 525 mln euros expires today. There is another option (1.6 bln euros) at...

Every fifth Swiss has dual nationality. In Geneva, it's almost half of the population. Swiss public television, SRF took a closer look at why residents with foreign passports are keen on becoming naturalised. (RTS/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 more articles, interviews and videos visit swissinfo.ch or subscribe to our...

Two major Swiss banks imposed restrictions on staff travel to China after a UBS employee was detained in the country, underscoring the challenges of doing business in a country which is a mecca for banks eager to capture and manage (for a generous fee) the fastest growing fortunes in the world, yet are challenged by a regime that tramples over civil rights. According to Bloomberg, UBS asked some bankers not to travel to...

Several major central banks will meet next week, including the European Central Bank, but it is only the Bank of Canada that is expected to hike rates. The flash PMIs and the first official estimate of Q3 US GDP are among the data highlights. Beyond the events and data, the volatility from global equity markets from Shanghai to New York will continue to have a strong influence on other capital markets. Also, the...

Humiliation and fear of a catastrophic decline in status foment mutiny and rebellion. I recently finished The Bounty: The True Story of the Mutiny on the Bounty, a painstakingly researched history of the mutiny, but with a focus on how the story was shaped by influential families after the fact to save the life of one mutineer, Peter Haywood, and salvage the reputation of the leader, Fletcher Christian, via a carefully...

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© Man Nok Ip | Dreamstime.com Swiss Rail announced on Thursday that it would test free WiFi, named FreeSurf, on certain routes next year with a plan to extend the offer to all major routes from 2020, according to RTS. Train passengers benefiting from the tests in 2019 will be those travelling on InterCity trains between Lausanne and St. Gallen, Geneva and Zurich, and Bienne and Basel. Swiss Rail has not chosen Swisscom...

Home to just 0.1% of the world’s population, Switzerland accounts for 1.8% of the top 1% of global wealth holders (Keystone) Despite a slight decline in fortunes, the Swiss still enjoy the highest mean wealth per adult, according to the 2018 Credit Suisse Global Wealth Report. The reportexternal link, released on Thursday, estimated the average fortune of a Swiss adult to be $530,240 (CHF527,707) compared to $537,600...

The key here is the gains generated by owning US-denominated assets as the USD appreciates. Is the Greatest Bull Market Ever finally ending? One straightforward approach to is to follow the money, i.e. global capital flows: assets that attract positive global capital flows will continue rising if demand for the assets exceeds supply, and assets that are being liquidated as capital flees the asset class (i.e. negative...

Looking for a house on Lake Zurich? Be prepared to pay CHF 2.5 million for a medium-sized house. (Keystone) Apartment prices have risen in every district in Switzerland in the last eleven years except for one. Zurich tops the list with a median price of CHF 13,000 ($1313) per square metre – a 97% increase since 2007. This is according to a study by the Zurich Federal Institute of Technology (ETHZ) in partnership with...