The demise of banking giant Credit Suisse sent shock waves through financial markets and appears to have dealt a blow to Switzerland’s reputation for stability, with one executive suggesting investors will now look at the mountainous central European country as “a financial banana republic.” UBS, Switzerland’s largest bank, agreed on Sunday to buy its embattled domestic…
Around 1.4 million citizens of EU countries live in Switzerland, with a population of over 8.6 million. From tomorrow, Swiss medical-technology companies will no longer be allowed to export duty-free to the European Union as Bern and Brussels failed to agree to a long-anticipated political treaty that would cover trade between the two countries. The…
FILE PHOTO: The U.S. Treasury building is seen in Washington WASHINGTON (Reuters) – The U.S. Treasury labeled Switzerland and Vietnam as currency manipulators on Wednesday and added three new names to a watch list of countries it suspects of taking measures to devalue their currencies against the dollar. In what may be one of the…
Human rights activists demonstrate outside the European Parliament in Brussels calling on EU member states to take in more refugees from Greek camps. A non-EU member, Switzerland is getting similar pressure from its cities. Keystone / Olivier Hoslet As winter looms, various European cities want to take in refugees from the Moria migrant camp in…
The Israel Securities Authority is promoting dual listing in Hong Kong and Singapore. The Ministry of Finance today stated, “Israel and Switzerland have signed a letter of understanding for extensive cooperation in the financial services sector.” At the same time, sources said that the Israel Securities Authority was promoting an extension of the dual listing…