SNB & CHF

Commodities giant Glencore is taking control of Canadian Teck’s steelmaking coal business. Share Facebook Twitter E-mail Print Copy link The Zug-based group will pay $6.93 billion (CHF6.2 billion) in cash to buy a 77% stake in the Elk Valley Resources (EVR) division. EVR produced 21.5 million tonnes of steelmaking coal and posted pre-tax profits of C$6.0 billion in 2022, Glencore detailed in a press release on Tuesday. The transaction is not expected to result...

Share: In an interview with local television station TeleZueri, Swiss National Bank (SNB) Chairman Thomas Jordan said that he doesn’t rule out more interest rate hikes ahead. Jordan said, “if we see that the current monetary policy is not restrictive enough to ensure price stability in the long term, then we will have to make another interest rate move.” [embedded content]...

For the first time, the same number of passengers flew through Zurich Airport in October as before the coronavirus pandemic. The number of passengers rose significantly compared to the same month last year. Share Facebook Twitter E-mail Print Copy link A total of 2.87 million passengers traveled through Zurich Airport in October. This is 19 percent more than in the same period last year. For the first time, traffic volumes have thus returned to pre-corona...

The recurring cycle of economic booms followed by inevitable busts has remained a puzzle for generations of observers. While mainstream Keynesian and monetarist theories propose monetary interventions to smooth these fluctuations, the Austrian School offers a compelling and alternative perspective. Austrian business cycle theory provides a profound understanding of how artificially inflated booms sow the seeds of their own destruction. Delving into the depth of this...

Black Friday, Cyber Monday and then Christmas shopping: many people in Switzerland will go on a shopping spree at the end of the year. However, Swiss Post is expecting a slightly lower flood of parcels this year than in 2022. Share Facebook Twitter E-mail Print Copy link The “parcel peak season” is just around the corner for Swiss Post employees. Last year, Swiss Post sent 22 million parcels across the country between Black Friday and Christmas. This year,...

Ladies and gentlemen I am very pleased to welcome you to the Third High-Level Conference on Global Risk, Uncertainty, and Volatility. Thank you all for taking the time to join us today. I would especially like to thank our colleagues at the Bank for International Settlements and the Federal Reserve Board for working together with us in organising this event. The topic of this year’s conference – policy-making under uncertainty – is highly relevant. There is, for...

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange...

This article was originally published in Libertarian Outlook (vol. 1, no 1, August 1985). This was the only issue of the magazine that was ever published. Permission was granted by Eric Garris, one of the original coeditors, to reprint this article on mises.org. Libertarians have devoted so much time and energy to the important cause of repealing laws against victimless “crimes” that we have tended to neglect an equally important social problem: crimes with victims,...

Naomi Wolf has taken on the American medical bureaucracy for its lies and malpractice in dealing with covid. Original Article: Battling Beasts and Bureaucrats: Naomi Wolf and the American Medical-Government Police State [embedded content] Tags: Featured,newsletter

Quit College—or Better Yet, Don’t Even Start When I was in university a decade ago, this was some wacky, contrarian advice. It wasn’t unheard of for intellectual, middle-class youngsters to opt out of college, and it was still the early days of efforts like Praxis, but realistically there didn’t seem to be any alternatives. So, I went to university because that’s where you learn things and become a grown-up . . . or something. These days, half of American parents say...