The Swiss National Bank will not refrain from using interest rates and currency interventions to steer monetary policy despite the risk of being branded a "currency manipulator" by the United States,
The head of the Central Bank of Switzerland is reportedly skeptical about holding Bitcoin (BTC) as a reserve asset.
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The euro climbed to a three-month peak against the U.S. dollar on Tuesday after Germany's conservatives and Social Democrats announced proposals to set up a 500 billion euro fund for infrastructure and overhaul borrowing rules aimed at increasing defense spending.
The weak GDP data supports the case for the Swiss National Bank to lower interest rates. The central bank is in the midst of an easing cycle and showed its aggressive side in December when it chopped rates by 50 basis points, bringing the cash rate to 0.50%.
Analysts at Rabobank predict the Euro to Swiss franc exchange rate (EUR/CHF) will face downward pressure in the coming months. According to analysts at CIBC Capital Markets, following the ...
Sepp Blatter and Michel Platini once again face the Swiss Criminal Court, as the prosecutor appeals a previous decision clearing them of fraud charges. A payment of 2 million Swiss francs to Platini remains contentious.
Clariant missed market expectations for fourth-quarter adjusted core earnings on Friday, sending its shares 11% lower in early trading, after its Care Chemicals unit was hit by lower seasonal business in the aviation and refinery end markets.