SNB & CHF

Coal piled up at a thermal power plant in Berlin. Glencore says it benefited from large coal price moves last year. Keystone / Clemens Bilan Profits at Swiss mining and trading group Glencore last year were boosted by the explosion in commodity prices. Thanks to a more than threefold increase in net profit, the Zug-based giant wants to double its shareholders’ remuneration, in particular through a share buyback. “The unprecedented developments in global energy...

India is currently the seventh-largest country in the world with the largest youth population. There are many elements that make this country unique, the foremost being diversity—diversity of culture, race, ethnicity, and linguistics. India faced an era of colonialism under the British, who would take raw material from India at cheaper rates and import the finished products. India and Nigeria are both countries that gained independence from Britain in the same...

The federal government’s Bureau of Labor Statistics (BLS) released new price inflation data today, and according to the report, price inflation during the month decelerated slightly, coming in at the lowest year-over-year increase in sixteen months. According to the BLS, Consumer Price Index (CPI) inflation rose 6.4 percent year over year in January before seasonal adjustment. That’s down very slightly from December’s year-over-year increase of 6.5 percent, and...

Marc Chandler is being interviewed by Dale Pinkert during the F.A.C.E. webinar. Marc believes EURUSD can see $1.0450. He's characterizing this Dollar Bounce as a Bear Market Rally. Subscribe to attend for FREE using the following link: http://bit.ly/2WhbchO

Be Ready: Markets To Takeover GOLD Pricing SOON! - Keith Weiner | Gold Price Prediction #gold #silver #fed #financedaily -------------- ⬇ Inspired By: ⬇ Financial Crisis Is Already Here, Don’t Let the Market Exuberance Fool You Warns Lynette Zang https://youtu.be/5-tnozmGa54 Fed’s Credibility is Destroyed, Why Cash, Gold and Silver Will Be Best Lifeline | Outlook 2022 https://youtu.be/WMZDdT0Z9pY Silver spikes through $27 level in early trading, up $.83...

Overview: Although the US January CPI was in line with expectations, the year-over-year rate was a little firmer than expected. Still, the measure that Fed Chair Powell has underscored, core services, excluding shelter, moderated with a 0.3% month-over-month gain. US rates shot up and this lent the dollar support, while weighing on equities and risk sentiment. The US two-year note yield rose to almost 4.64% yesterday, the highest in three months. The greenback is...

The government wants to boost relations with ASEAN countries (Archive photo from 2017 with Swiss foreign minister and representatives from ASEAN countries). © Keystone / Peter Klaunzer The Swiss government has for the first time adopted a regional strategy for the Asia-Pacific region for the period 2023-2026. The move takes into account the growing importance of the southeast Asia region and complements the government’s China strategy, according to a government...

Under pressure: Credit Suisse headquarters in Zurich. © Keystone / Michael Buholzer Disappointing results leave no more room for accidents as the bank carries out restructuring. It has been a year since Axel Lehmann took over as chair of accident-prone Credit Suisse and about half that since Ulrich Körner became chief executive. But they have yet to stem the problems at Switzerland’s second-biggest bank, caused by a succession of historic scandals and mismanaged...

The Biden administration and its acolytes in the U.S. mainstream press are celebrating the fact that Nicaraguan socialist dictator Daniel Ortega just released 222 political prisoners and sent them packing to the United States. In the process, however, they are only demonstrating the arbitrary, capricious, and hypocritical nature of America’s socialist system of immigration controls.  Ortega’s political prisoners were being held in brutal conditions in Nicaraguan...

Ralf P. Thomas Siemens is one of the first companies in Germany to issue a digital bond, in accordance with Germany’s Electronic Securities Act. Worth 60 million, it has a maturity of one year and is underpinned by a public blockchain. Issuing the bond on a blockchain offers a number of benefits compared to previous processes. For instance, it makes paper-based global certificates and central clearing unnecessary. What’s more, the bond can be sold directly to...