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Switzerland

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  • 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.

  • European Bank Stress Tests Worked: Sort Of Saturday, 31 Jul 2010 | 12:20 PM ET
    Map of Europe

    A week after the authorities released results of stress tests on the largest European banks, market data is starting to provide an indication of whether the exercise had the desired effect on confidence. The answer: sort of. The NYT explains.

  • Fear Cheap Money, Not Double Dip: Morgan Stanley Thursday, 29 Jul 2010 | 5:25 AM ET
    United States Federal Reserve

    Fears over a double-dip recession for the global economy are waning, but investors should be more worried about ultra-loose policy from the Federal Reserve, according to Joachim Fels, the co-head of economics at Morgan Stanley.

  • Is Gold Pointing to Lehman Mark II? Thursday, 29 Jul 2010 | 4:36 AM ET

    Gold and oil prices are flashing warning signals that this summer may look more like the summer before the collapse of Lehman Brothers, a currency strategist warns.

  • Analyst: Want A 30% Return? Try these Banks Wednesday, 28 Jul 2010 | 5:05 AM ET

    Following last week's European Union stress test results and news that Basel III liquidity rules have been watered down, one analyst said it could be time to get back into a number of European banking stocks.

  • Switzerland: The Little Economy That Could Thursday, 22 Jul 2010 | 1:43 PM ET
    Zurich, Switzerland

    The Swiss economy has not only recovered from the global recession of 2009 but so far also coped well with the recent spike in an already strong currency.

  • Swiss Parliament Rejects Deal To Reveal US Tax Cheats Tuesday, 8 Jun 2010 | 10:34 AM ET

    Under the terms of the deal with the US, the Swiss have until August to turn over the names, but only if the Swiss parliament signs off.

  • Switzerland

    The key to competing globally consists of using the natural and unnatural advantages your country has to go up against other nations.

  • Fears Rise in Europe Over Potential Deflation Monday, 31 May 2010 | 10:54 AM ET

    If the European Central Bank has one monetary dragon it considers essential to slay, it is inflation.

  • Imminent End of Secrecy to Shake Up Swiss Banking Friday, 14 May 2010 | 11:15 AM ET
    Swiss Bank

    As Swiss lawmakers appear poised to resolve a tax dispute between UBS and Washington, one thing is becoming clear: an end to absolute banking secrecy will change the country’s pre-eminent financial sector. The New York Times reports.

  • Greece Gets Help, but Is It Enough? Sunday, 2 May 2010 | 10:13 PM ET
    Euro bills and coins in cash register tray

    Greece announced Sunday a long-delayed rescue package that will require years of painful fiscal belt-tightening, but the deal probably will not defuse the potential threats to other European countries, The New York Times reports.

  • Greece Gets Help, but Is It Enough? Sunday, 2 May 2010 | 8:54 PM ET
    Euro bills and coins in cash register tray

    Greece announced Sunday a long-delayed rescue package that will require years of painful fiscal belt-tightening, but the deal probably will not defuse the potential threats to other European countries, The New York Times reports.

  • Speculators have begun to zero in on another small member of Europe’s troubled monetary zone, the New York Times reported, highlighting the same economic flaw that brought Greece to the verge of insolvency.

  • UBS' Activist Investors Still Want Change Wednesday, 14 Apr 2010 | 4:17 AM ET

    News that UBS profits will reach 2.5 billion Swiss francs ($2.33 billion) in the first quarter and outflows where falling was welcomed by the market earlier this week.

  • UBS Surprises with Higher-than-Forecast Profit Monday, 12 Apr 2010 | 2:59 AM ET
    UBS

    Swiss banking giant UBS said Monday its pre-tax profit will be at least 2.5 billion Swiss Francs ($2.33 billion) in the first quarter, when outflows of funds continued.