SNB & CHF

The bank has had various disputes with US authorities in recent years. (Keystone) Credit Suisse bank has been ordered to pay a fine of $135 million (CHF134.5 million) to the US authorities after an enquiry into the Swiss bank’s practices in setting foreign exchange rates. The figure was reached in a consultation between both parties. The bank confirmed the fine, as well as its willingness to pay it, in a...

Switzerland's justice minister Simonetta Sommaruga is part of the country's executive body (Keystone) - Click to enlarge Following revelations in the so-called “Paradise Papers” of questionable deals done by Swiss-based commodities companies in Africa, Switzerland’s justice minister has said that the country – historically hands-off in regulating the sector – needs new legislation to force those companies to...

The likelihood that either party will ever drain the fetid swamp of corruption that is our tax code is zero, because it’s far too profitable for politicos to operate their auction for tax favors. To understand the U.S. tax code and the endless charade of tax reform, we have to start with four distasteful realities: 1. Ours is not a representational democracy, it’s a political auction in which wealth casts the votes that...

USD/CHF USD/CHF, November 15(see more posts on EUR/CHF, ) Source: economies.com - Click to enlarge USD/JPY [embedded content] USD/JPY with Technical Indicators, November 15(see more posts on USD/JPY, ) - Click to enlarge EUR/USD [embedded content] EUR/USD with Technical Indicators, November 15(see more posts on EUR/USD, ) - Click to enlarge GBP/USD [embedded content] GBP/USD with Technical Indicators,...

What is female circumcision and how much of a problem is it in Switzerland? Nouvo brings you short videos about Switzerland, Swiss current affairs and the wider world. Keep up to date and watch the videos wherever you are, whenever you like. --- 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...

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. A Different Vantage Point The prices of the metals were up slightly this week. But in between, there was some exciting price action. Monday morning (as reckoned in Arizona), the prices of the metals spiked up, taking silver from under $16.90 to over $17.25. Then, in a series of waves, the price came back down to within...

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Swiss Franc The Euro has risen by 0.22% to 1.1646 CHF. EUR/CHF and USD/CHF, November 14(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Sterling is trading in the lower end of yesterday’s range and has been confined to about a quarter a cent on either side of $1.31. On the other hand, the euro has pushed a bit through GBP0.8950 to reach its best level since October 26....

While the gold price is slowly crawling upward in the shadow of the current cryptocurrency boom, China continues to import huge tonnages of yellow metal. As usual, Chinese investors bought on the price dips in the past quarters, steadfastly accumulating for a rainy day. The Chinese appear to be price sensitive regarding gold, as was mentioned in the most recent World Gold Council Demand Trends report, and can also be...