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Swiss central bank reports CHF24 billion annual profit

This content was published on Jan 9, 2017 The results were largely down to foreign currency holdings built up to weaken the strong Swiss franc, typically a safe haven currency. Foreign currencies, particularly the US dollar, gained in strength last year, boosting the SNB’s position. The central bank regularly buys euros, dollars and other currencies to prevent the franc from appreciating too much.…

Jobs, money, and free beer

This content was published on Jan 8, 2017 Here are some of the stories we’ll be bringing you the week starting January 9.

Swiss researchers store summer’s heat for winter

This content was published on Jan 7, 2017 By dissolving solid, highly concentrated sodium hydroxide in water, they were able to utilise a solution called caustic soda – also known as lye – which stores heat over a long period of time. When the caustic soda is heated, the water evaporates and heat is stored until the solution comes into contact with water…

Poll finds sufficient backing for tax reform

This content was published on Jan 6, 2017 A major reform of Switzerland’s corporate tax system stands a good chance of winning approval by voters next month.

Everyday essentials become costlier despite lower inflation

This content was published on Jan 5, 2017 Inflation has fallen in pricey Switzerland, but the cost of some of the more essential things in life keeps going up and up.

Swiss stargazers win Wolf prize for exoplanet research

This content was published on Jan 5, 2017 Swiss scientists Michel Mayor and Didier Queloz have been awarded Israel’s prestigious Wolf prize for physics for their research into exoplanets.

Swiss Falcon Bank manager charged amid 1MDB probe

This content was published on Jan 5, 2017 Singapore prosecutors have charged a Swiss manager of the Falcon Private Bank amid an ongoing investigation linked to 1MDB investment fund.

How the tax man will find out about your account

This content was published on Jan 4, 2017 Switzerland was once famous for its secret bank accounts, but keeping money secret in the Alpine nation has just become much more difficult.

Swiss car sales fall less than expected

This content was published on Jan 4, 2017 Despite the slight decline, the figures were greeted with enthusiasm. At the beginning of the year, Auto Switzerland had expected no more than 305,000 vehicles to leave car showrooms. Figures were boosted by an 8.2% increase in sales in December. German brands dominated market share as the most popular models in Switzerland. Car sales are…

Swiss economy slowly recovering from exchange rate shock

This content was published on Jan 4, 2017 Panic hit the global currency markets two years ago this month when the Swiss central bank unexpectedly stopped pegging the franc to the euro.

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Swiss central bank reports CHF24 billion annual profit

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Jobs, money, and free beer

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Swiss researchers store summer’s heat for winter

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Poll finds sufficient backing for tax reform

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Everyday essentials become costlier despite lower inflation

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Swiss stargazers win Wolf prize for exoplanet research

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Swiss Falcon Bank manager charged amid 1MDB probe

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How the tax man will find out about your account

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Swiss car sales fall less than expected

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Swiss economy slowly recovering from exchange rate shock

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