GO
Loading...

Switzerland

More

  • Want a better retirement? Move to Switzerland Tuesday, 10 Feb 2015 | 12:01 AM ET

    A new report shows America is barely in the top 20 countries for retirement security. The problem? "Material well-being" for retirees.

  • The A to Zs of being a tax cheat Monday, 9 Feb 2015 | 2:07 PM ET
    A security guard stands in front of the HSBC offices in Geneva, Feb. 9, 2015.

    Rich people have been dodging taxes around the world for centuries. But these days it's getting harder to get away with it.

  • LONDON/ ZURICH, Feb 9- British bank HSBC Holdings Plc admitted failings by its Swiss subsidiary in response to media reports it helped wealthy customers dodge taxes and conceal millions of dollars of assets. The Guardian, along with other news outlets, cited documents obtained by the International Consortium of Investigative Journalists via Le Monde.

  • ZURICH, Feb 9- The amount of cash commercial banks hold with the Swiss National Bank crept up slightly last week, adding to signs that the central bank may have intervened to weaken the franc since removing the currency's cap last month. In the week ending Feb. 6, sight deposits rose to 384.889 billion francs, SNB data showed on Monday, from 383.325 billion the...

  • Feb 9- Big U.S. banks say that a proposed Federal Reserve rule on higher capital requirements would penalize them if the dollar remains strong against the euro, as it would make their dollar-denominated assets and operations look larger relative to their European peers, the Wall Street Journal reported. Officials from banks including Citigroup Inc, Goldman...

  • LONDON, Feb 7- Oil's dramatic price fall since mid-2014 cannot be explained by changes in production and consumption alone, with hedging and energy firms' high debt levels also playing a part, the Bank for International Settlements said on Saturday. The BIS compared oil's recent fall, which saw prices collapse to below $50 a barrel from levels of above $100, with...

  • ZURICH, Feb 6- Swiss companies are cutting prices, asking suppliers for discounts, paying staff in euros and demanding new hours to protect profits from a soaring franc currency. The central bank last month abandoned its cap on the Swiss franc, causing the currency to strengthen and prompting firms across Switzerland to warn of a plunge in profits.

  • ABUJA, Nigeria Feb 6- In late 2013, Nigeria's then central bank governor Lamido Sanusi wrote to President Goodluck Jonathan claiming that the state oil company had failed to remit tens of billions of oil revenues it owed the state. Before he was sacked, though, the central banker submitted to Nigeria's parliament more than 300 pages of documentation in support...

  • Is Denmark the next Switzerland?  Friday, 6 Feb 2015 | 4:20 AM ET

    James Ashley, chief economist at RBC Capital Markets, says Denmark is a completely "different kettle of fish" to Switzerland.

  • Is Denmark facing a speculative attack? Friday, 6 Feb 2015 | 2:39 AM ET

    Denmark's central bank is reaching for bigger bazookas to battle the speculators betting it will be forced to abandon its currency's peg to the euro.

  • WASHINGTON, Feb 5- A group of high-profile CEOs on Thursday called on world leaders to agree to bring the balance of greenhouse gas emissions to zero by mid-century in a global climate change deal to be finalized in Paris in December. The leaders of B Team, a coalition about 12 CEOs and policymakers including Virgin founder Richard Branson, Unilever chief Paul...

  • *Q4 net profit $680 mln vs poll avg $720 mln. ZURICH, Feb 5- Swiss engineering group ABB took a cautious stance on earnings for the coming months after a strong U.S. dollar, sluggish global economy and a slide in oil prices caused it to miss expectations in the fourth quarter. Like rivals Siemens and Schneider Electric, ABB has been grappling with delayed capital...

  • LONDON, Feb 5- The euro rose strongly across the board on Thursday, gaining more than 1 percent against the Swiss franc, as traders speculated that the Swiss National Bank was again buying euros in order to weaken the franc. Having fallen around two U.S. cents late on Wednesday after the European Central Bank said it would no longer accept Greek bonds in return for...

  • Swatch CEO: SNB's move is a tourism disaster  Thursday, 5 Feb 2015 | 4:20 AM ET

    Nick Hayek Jr, CEO of Swatch Group, says the Swiss Franc is a "psychological problem" following the SNB's recent move.

  • Swatch CEO says Apple is 'not a problem'  Thursday, 5 Feb 2015 | 4:15 AM ET

    Discussing the threat of the Apple watch, Nick Hayek Jr, CEO of Swatch Group, shrugs off fears, saying Swatch will be ready.

  • *Q4 net profit $680 mln vs poll avg $720 mln. Like rivals Siemens and Schneider Electric, ABB has grappled with a sluggish global recovery that has delayed capital spending by its customers, which include utility companies and oil, gas and mining firms, as well as a slide in oil prices. The Zurich- based company said fourth-quarter orders fell 6 percent to $9.37...

  • SEOUL, Feb 5- Hyundai Motor will in March unveil the first major makeover of its top-selling Tucson sports utility vehicle in six years in a bid to revive growth in key markets like Europe and the United States where SUV sales are now strong. Hyundai, which with affiliate Kia Motors is the world's fifth largest automaker, is also facing stiff competition from...

  • ZURICH/ FRANKFURT, Feb 4- Swiss telecoms firm Sunrise will stop taking orders for its stock market debut at 1630 GMT on Wednesday, earlier than previously planned and signaling healthy demand for its shares, two sources familiar with the matter told Reuters. "Books will close to new orders at 1730 Swiss time today," one of the sources said. Sunrise is expected to sell...

  • ZURICH/ FRANKFURT, Feb 4- Books in the stock market flotation of Swiss telecoms firm Sunrise will close on Feb. 4 at 1630 GMT, earlier than previously expected, two sources familiar with the matter said on Wednesday. "Books will close to new orders at 1730 Swiss time today," one of the sources said. On Tuesday, Reuters reported Sunrise, which is backed by European private...

  • LONDON, Feb 3- The pan-European FTSEurofirst 300 index rose on Tuesday to just below a seven-year high, lifted by hopes a standoff over Greece's debt would be resolved after its new government softened calls for a writedown. National Bank of Greece, Alpha Bank and Eurobank rose 15.1 to 21.8 percent. There are some signs that there might be a compromise in the making...