GO
Loading...

Switzerland

More

  • Swiss Central Bank Excludes Irish Bonds as Collateral Wednesday, 5 Jan 2011 | 5:00 AM ET
    dublin commuters the earl

    The Swiss central bank confirmed it has excluded Irish government debt from a list of assets considered eligible as collateral for its repo deals – operations under which it lends money against collateral.

  • Estonia

    On Saturday, Estonia completes its trip from Soviet republic to full-fledged member of the euro zone, reports the New York Times.

  • What Future for Roche After FDA Decision on Avastin? Friday, 17 Dec 2010 | 10:25 AM ET

    Swiss pharmaceuticals giant Roche said it would appeal a decision by the US Food and Drug Administration to remove the approval for the drug’s indication for metastatic breast cancer, but analysts doubt the appeal would be successful.

  • Wear Flesh-Colored Underwear, UBS Tells Employees Wednesday, 15 Dec 2010 | 7:38 PM ET
    UBS

    Banking giant UBS launched a dress code for its retail client-facing employees in Switzerland, reminding them to button up.

  • Chemical Giant Ends Iran Deals After CNBC Report Tuesday, 14 Dec 2010 | 8:33 AM ET

    Chemical giant Transammonia is ending all ties with Iran following a CNBC investigation into its business dealings there.

  • Euro Zone Is Imperiled by North-South Divide Friday, 3 Dec 2010 | 4:49 AM ET
    lisbon portugal

    The euro once meant flush banks and easy credit, but these days it has laid bare a cold reality: Portugal shares the high wages and prices of richer northern European neighbors, but not their competitiveness, reports the New York Times.

  • UBS May Lose $41 Billion Deposits Over Tax Deals Tuesday, 16 Nov 2010 | 7:11 AM ET

    Swiss bank UBS says customers may withdraw 15-40 billion Swiss francs ($15-41 billion) because of revised tax treaties between Switzerland and other European countries.

  • Irish Debt Woes Revive Concern About Europe Monday, 8 Nov 2010 | 4:33 AM ET
    Dublin, Ireland

    When interest rates soared last week on Irish government bonds, it served as a warning to other indebted nations of how difficult it could be to roll back decades of public sector largess. The New York Times reports.

  • Mortgage

    Covered bonds, a financing tool that has been popular in Europe since the 18th century, are winning converts here as a new way to finance residential and commercial mortgages, reports the New York Times.

  • As Dollar’s Value Falls, Currency Conflicts Rise Thursday, 21 Oct 2010 | 6:19 AM ET

    Fast-growing nations like Thailand are trying to devalue their exchange rates to bolster their export-driven economies, reports the New York Times.

  • Vintage Watches Offer Opportunity Time And Again Monday, 18 Oct 2010 | 10:09 AM ET

    Vintage or antique timepieces can fetch extraordinary prices, but they better possess unique and still functional features, be in scarce supply, carry a distinguished brand name and be in near-mint condition.

  • Cost of EU Rises, Even as Countries Make Cuts Friday, 8 Oct 2010 | 4:52 AM ET
    People demonstrate to say ''no to austerity'', in Brussels. Police threw a ring of steel around EU headquarters as tens of thousands in a sea of banners from across Europe took to the streets in a worker backlash against painful spending cuts. The protest, the biggest such march since 2001 when 80,000 people invaded the Belgian capital, was timed to coincide with an EU plan to fine governments running up deficits.

    Despite mounting public protests across the Continent, an austerity drive unparalleled in modern, united Europe is building, reports the New York Times.

  • Amid Austerity, Britain Keeps Welfare for Well-Off Friday, 1 Oct 2010 | 6:19 AM ET

    Every week without fail Lucy Elkin, a comfortably middle-class mother of two small children, receives a £33.20 child benefit payment, or about $52, from the debt-plagued British government, reports the New York Times.

  • Young Greeks Seek Options Elsewhere Wednesday, 15 Sep 2010 | 5:47 AM ET

    In two weeks, Alexandra Mallosi, 29, will be packing her bags and leaving the quiet Athens suburb of Holargos for Abu Dhabi to start a job as a hotel sales manager. It was not a tough decision, reports the New York Times.

  • Will the Strong Swiss Franc Hurt Banks? Thursday, 9 Sep 2010 | 5:13 AM ET
    Traders work on the floor of the New York Stock Exchange.

    The Swiss franc's safe-haven reputation helped it hit a new high against the euro, but the currency's strength risks hurting those who have relied on its vigor.

  • Halal Foods Expand Reach in France Thursday, 9 Sep 2010 | 4:57 AM ET

    For years, Anissa Benchamacha bought her meat in a parking lot, from vendors hawking near-expired products to Muslims eager to find food that met their religious requirements.

  • Dutch City Wants Pot Sold Only to Dutch Citizens Wednesday, 18 Aug 2010 | 7:53 AM ET

    Struggling to reduce traffic jams and a high crime rate, Maastricht is pushing to make its legalized use of recreational drugs a Dutch-only policy, banning sales to foreigners who cross the border to indulge.

  • Switzerland

    The central bank reported that it lost 4.2 billion Swiss francs ($4.0 billion) in the second quarter, partly from its bid to check the rise of the Swiss franc against the weakening euro.

  • The Age of Austerity Challenges Stonehenge Thursday, 12 Aug 2010 | 11:04 AM ET
    Stonehenge, England

    The prehistoric monument of Stonehenge stands tall in the British countryside as one of the last remnants of the Neolithic Age. Recently it has also become the latest symbol of another era: the new fiscal austerity. The NYT reports.

  • Hungary Blames Its Central Bank for a Fiscal Crisis Tuesday, 3 Aug 2010 | 9:23 AM ET
    Budapest, Hungary

    The governor of the Hungarian Central Bank has it worse than most. Not only has the new government placed the blame on him, among others, for Hungary's stagnant economy, it has slashed his salary by 75 percent. The NYT reports.