Category: Switzerland Market

Instantly update and podcast Switzerland Market News and Analysis from varies financial media and provide a sitemap with financial news summary & link to latest Switzerland Market News for the one who wanted to catch up Switzerland Market change in timely manner.

S. Korea, Switzerland agee to extend currency swap deal for 5 years

SEOUL, March 1 (Yonhap) — South Korea and Switzerland have agreed to extend their bilateral currency swap deal that helps expand financial exchanges between the two countries, Seoul’s central bank said Monday. The 11.2 trillion-won (US$10.1 billion) currency swap, which had been scheduled to expire today, will be put in place for another 5 years,…

There’s a surprising love story behind Pepperidge Farm Goldfish crackers

CAMDEN, N.J. – Here’s a story about a little fish that swam across the ocean.It’s the Pepperidge Farm Goldfish cracker, a classic American snack that actually has its origins in Switzerland – where it was first baked as a romantic gesture.Campbell Soup Co., the parent firm of Pepperidge Farm, recently noted the treat’s surprising past in a…

177-Year-Old Swiss Bank Bordier to Offer Bitcoin and Other Crypto Trading Services

A 177-year-old bank in Switzerland has enabled cryptocurrency trading within its services, with expectations to expand. Bordier & Cie SCmA added bitcoin and other cryptos to its list of services by partnering with a well-known domestic crypto player.Bordier Customers Can Also Buy and Hold Other CryptosAccording to the announcement, the Swiss…

Switzerland Q4 GDP +0.3% vs 0.0% q/q expected

Latest data released by the Federal Statistics Office – 26 February 2021Prior +7.2%; revised to +7.6%GDP -1.6% vs -2.0% y/y expectedPrior -1.6%; revised to -1.4% The Swiss economy surprised with growth in Q4 last year, helping to push the narrative that the economic downtrend amid tighter restrictions isn’t as bad as feared. That seems to be the…

Switzerland February KOF leading indicator index 102.7 vs 96.6 expected

Latest data released by KOF – 26 February 2021The headline reading bounces this month, leading to a signal that the Swiss economy is finding some footing amid tighter virus restrictions and that economic activity is able to adjust better to start the new year at least.The data measures the future trends of overall economic activity in the Swiss economy.Invest…

Swiss To Vote In Referendum On Government’s Emergency COVID-19 Measures

Via 21stCenturyWire.com,After mounting a national campaign, and the work of determined local organisations, Swiss campaigners have managed to trigger a referendum for ending the government’s destructive COVID regulations. If successful, this will also be a blow for the extremists at the World Economic Forum in Davos, Switzerland, who have been…

Youngsters can sing again as Swiss start lockdown exit

Article contentZURICH — Switzerland’s young people will be able to sing again from March 1, the government on Wednesday, as it announced the first phase in a cautious easing from COVID-19 restrictions.The cabinet, conscious of the impact the lockdown and social distancing is having on the psychological health of youngsters, said it was allowing…

Swiss confirm cautious easing of COVID-19 curbs from March 1

Article contentZURICH — Switzerland will start easing out of its COVID-19 lockdown from March 1, the government said on Wednesday, confirming preliminary plans to open shops, museums and libraries and allow outdoor gatherings of up to 15 people.As neighboring countries take a harder line, the cabinet has tried to walk a political tightrope between…

Switzerland February Credit Suisse investor sentiment 55.5 vs 43.2 prior

Latest data released by Credit Suisse and CFA Society Switzerland Invest in yourself. See our forex education hub. Swiss investor sentiment rebounds a little more in February as analysts are anticipating a near-term economic recovery and retain an optimistic outlook towards the latter stages of the year across all regions.The headline…

Switzerland January producer and import prices +0.3% vs +0.5% m/m prior

Latest data released by the Federal Statistics Office – 23 February 2021
Prior +0.5%
Producer and import prices -2.1% y/y
Prior -2.3%
Producer prices continue to show some improvement to start the new year but the annual figure still reflects more deflation pressures in the Swiss economy. Nothing that will really suggest a change of stance to SNB policy

Von Greyerz: How Will It All End?

Von Greyerz: How Will It All End? Authored by Egon von Greyerz via GoldSwitzerland.com, Akhlys, the Greek goddess of Misery and Poison, is exerting a major influence on the world currently. And sadly the dosage of misery and poison will increase in coming months and years. What is now…

Switzerland’s Kuehne & Nagel buys Asian logistics firm Apex

ZURICH — Swiss logistics firm Kuehne & Nagel said on Monday it would buy Asian logistics provider Apex International Corp from private equity firm MBK Partners, its largest acquisition to date. A person with direct knowledge of the transaction said the deal gave Apex an enterprise value of $1.5…

Switzerland spooked to double emergency aid

ZURICH: Germany, which is known for strict budgets, has tapped debt markets to prop up its virus-hit economy, while neighboring Switzerland has consistently curbed borrowing despite calls to change course. With Swiss firms struggling through another lockdown, the federal government last week finally loosened its purse strings a bit, doubling emergency

Swiss spooked by using debt to prop up economy

Finance Minister Ueli Maurer again lamented that Switzerland had to borrow to boost the economy. — Reuters pic Subscribe to our Telegram channel for the latest updates on news you need to know. ZURICH, Feb 21 — Germany, which is known for strict budgets, has tapped debt markets to prop up its virus-hit economy, while neighbouring Switzerland

Centre Heads (x4), BIS Innovation Hub

About the BIS Innovation Hub:The BIS Innovation Hub was established in 2019 by the BIS to: identify and develop in-depth insights into critical trends in financial technology of relevance to central banks; explore the development of public goods to enhance the functioning of the global financial system; and  serve as a focal point for a network

Company briefs: KKR & Co; Credit Suisse; Shopee

KKR & Co  Mr Terence Lee, KKR & Co's managing director for the Asia-Pacific, has resigned from the buyout firm after 10 years, according to sources with knowledge of the matter. Mr Lee, who is based in Singapore, led the firm's technology, media and telecommunications private equity and growth equity investments in South-east Asia. Following

Swiss monthly gold exports to India hit highest since May 2019

Switzerland is the world's biggest gold refining centre and a transit hub. Reuters February 18, 2021 / 10:45 PM IST Gold Switzerland's monthly gold exports to India in January reached their highest since May 2019, though exports to China and Hong Kong remained at rock bottom, customs data showed on Thursday. India and China are the world's two

Switzerland’s ‘Crypto Valley’ Has Started Accepting Bitcoin, Ether for Tax Payments

The Swiss canton of Zug has started accepting tax payments in cryptocurrency. In a previous announcement in 2019, the Swiss authorities said that, from February, citizens and companies based in Zug will be able to pay up to 100,000 CHF (around $111,300) of their taxes in either bitcoin or ether. No partial payments in cryptocurrency will be accepted. Zug
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