SNB & CHF

Sep.04 -- Marc Chandler, global head of currency strategy at Brown Brothers Harriman, and Lakshman Achuthan, co-founder of Ecri, discuss the outlook for emerging markets amid the Federal Reserve's tightening cycle. They talk with Tom Keene and Francine Lacqua on "Bloomberg Surveillance."

Sep.04 -- Marc Chandler, global head of currency strategy at Brown Brothers Harriman, and Lakshman Achuthan, co-founder of Ecri, discuss the outlook for emerging markets amid the Federal Reserve's tightening cycle. They talk with Tom Keene and Francine Lacqua on "Bloomberg Surveillance."

The president of pharmaceutical giant Novartis has announced job cuts in an interview with Swiss newspaper NZZ am Sonntag. Jörg Reinhardt said the Basel-based company wants to streamline its production sites and administration worldwide. - Click to enlarge The president of pharmaceutical giant Novartis has announced job cuts in an interview with Swiss newspaper NZZ am Sonntag. Jörg Reinhardt said the Basel-based...

Swiss Franc The Euro has fallen by 0.01% at 1.1263. EUR/CHF and USD/CHF, September 04(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is rising against all the major and emerging market currencies today. The signals from the White House suggest strong pressure will be exerted on Canada to sign on to NAFTA 2.0 or risk losing part of its auto sector, which of...

Stock Markets EM FX ended last week on a firm note, but weakness resumed Monday. Higher than expected Turkish inflation hurt the lira, which in turn dragged down BRL, ARS, ZAR, and RUB. We expect EM to remain under pressure this week when the US returns from holiday Tuesday.  Stock Markets Emerging Markets, August 29 - Click to enlarge Korea Korea reports August CPI Tuesday, which is expected to rise 1.4% y/y...

This week, we are back to our ongoing series on capital destruction. Let’s consider the simple transaction of issuing a bond. Party X sells a bond to Party Y. We will first offer something entirely uncontroversial. If the interest rate rises after Y buys the bond, then Y takes a loss. Or if the interest rate falls, then Y makes a capital gain. This is simply saying that the bond price moves inverse to the interest...

Neuchâtel, 3 September 2018 (FSO) – Turnover in the retail sector rose by 0.3% in nominal terms in July 2018 compared with the previous year. Seasonally adjusted, nominal turnover fell by 0.9% compared with the previous month. These are provisional findings from the Federal Statistical Office (FSO). Real turnover in the retail sector also adjusted for sales days and holidays fell by 0.3% in July 2018 compared with the...

The "Giruno" is the Swiss Federal Railways' new high-speed train and the first to be built in Switzerland. The train can reach speeds of 250 km/h, although the maximum speed in Switzerland is 200 km/h, meaning it had to be tested in Germany. Swiss public television, SRF went along on a test run. (SRF/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...

„Die Devisenreserve der SNB sind keine Zeitbombe, die uns einmal um die Ohren fliegt, sondern eine Art Volksvermögen“. Das behauptet die SNB-freundliche NZZ am Sonntag. Das Blatt bedient ein SNB-Klischee nach dem anderen und hat den Ernst der Lage unserer Schweizerischen Nationalbank (SNB) offensichtlich nicht begriffen. - Click to enlarge Die SNB habe „Geld aus dem Nichts geschaffen“ – einen „gigantischen...

The cantonal banks are 24 Swiss government-owned commercial banks. (Keystone) Swiss finance minister Ueli Maurer says state-guaranteed cantonal banks are an obstacle in ongoing negotiations with the European Union. “This point still needs to be clarified before a framework agreement can be accepted,” the minister is quoted as saying in an interview published on Saturday. The European Union does not permit the kind of...