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Stock market continues recovery

This content was published on Aug 12, 2011 The positive result continued Thursday’s trend, when it closed 5.02 per cent up. The broader-based Swiss Performance Index (SPI) was up by 4.32 per cent on Friday. Companies making the greatest gains were those which had previously fallen furthest. They included Clariant (up 9.4 per cent), Logitech (up nine per cent) and SGS (up 7.7…

Vom Verschwinden des Geldes

This content was published on Aug 12, 2011 Der Fotograf Daniel Schwartz verfolgt den Weg und die Ströme des Gegenstands, der die Welt in ihrem Kern zusammenhält, von der Ressource über die Handelsplätze der Geschichte an die Orte des monetären Funktionalismus bis an den Schlund der Virtualität, wo sich das Geld dem Blick und dem Zugriff des Menschen entzieht und sich auch nicht…

Shares rise, franc falls

This content was published on Aug 11, 2011 The Swiss Performance Index (SPI) also booked a solid gain of 4.60 per cent, closing at 4597.72 points. The rebound from Wednesday’s 3.84 per cent tumble was led by Zurich Financial Services, which saw its stock rise 10.5 per cent. UBS was just behind on 10.07 per cent, with fellow banks Credit Suisse and Julius…

Calls for action over pricey imports

This content was published on Aug 11, 2011 He said he was considering a set of measures, including legal amendments, to be discussed by the cabinet next week, but refused to give further details. “It is really important that a sign be given,” said Schneider-Ammann following Wednesday’s meeting with representatives of Swiss producers, importers and retailers as well as consumer groups and federal…

Share prices tumble again

This content was published on Aug 10, 2011 The blue chip SMI ended trading at 4,792 points, with the Swiss Performance Index (SPI) faring little better, finishing 3.84 per cent lower at 4,395 points. Human resources company Adecco was among the hardest hit, losing 10.8 per cent while the share prices of chemical concern Lonza and cement company Holcim also experienced significant losses…

Last ditch defence of franc intensifies

This content was published on Aug 10, 2011 The SNB said on Wednesday it would inject a further SFr40 billion ($55 billion) of liquidity as the franc approaches parity with the euro. Against the dollar on Tuesday, the franc saw its biggest one-day gain against the dollar in 30 years, hitting a record level of SFr0.7085. The SNB move is being viewed as…

Central bank acts again to cool franc

This content was published on Aug 10, 2011 The SNB announced on Wednesday that it would inject a further SFr40 billion ($55 billion) of liquidity. The move came a day after the franc saw its biggest one-day gain against the dollar in 30 years. The supply of francs from the SNB has now increased to SFr120 billion ($166 billion) from SFr30 billion a…

Brakes on Swiss franc wear thin

This content was published on Aug 9, 2011 Faced with enormous external forces that have both weakened the euro and the dollar and increased the allure of the franc, Switzerland is swimming against a strong riptide that threatens to drown many exporters. The government threw the ball back into the Swiss National Bank’s (SNB) court this week when the cabinet ruled out any…

Geneva airport enjoys exceptional July

This content was published on Aug 9, 2011 This was achieved without a massive increase in the number of flights. Whereas 11,225 planes took off in July 2008, 11,386 did so last month. This, said the airport on Tuesday, “illustrates the fact that the development of supply has responded to a real demand”. Summer tourism has also been doing really well – for…

Consumer confidence weakens

This content was published on Aug 9, 2011 It is the latest sign that the record-strong franc is taking its toll on expectations for growth and employment, observers say. The Swiss consumer confidence index slipped to -17 points in July from -1 points in April, Seco said in a statement. Economists had expected the index to fall to -5, and the reading for July…

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Stock market continues recovery

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Vom Verschwinden des Geldes

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Shares rise, franc falls

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Calls for action over pricey imports

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Share prices tumble again

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Last ditch defence of franc intensifies

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Central bank acts again to cool franc

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Brakes on Swiss franc wear thin

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Geneva airport enjoys exceptional July

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Consumer confidence weakens

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