Cash no longer king? Swiss National Bank begs to differ
The Swiss central bank sought on Monday to allay fears among citizens that bank notes could eventually be phased out as a result of global money-laundering rules or the rise of alternative payment systems.
Feb 27, 2017, 18:14 PM IST
People of this country overwhelmingly reject 'free money' plan
Swiss voters rejected by a wide margin on Sunday a proposal to introduce a guaranteed basic income for everyone living in the wealthy country after an uneasy debate about the future of work at a time of increasing automation.
Jun 05, 2016, 20:49 PM IST
China to start direct trading between Yuan and Swiss Franc
The move will lower trading costs for China and Switzerland.
Nov 09, 2015, 20:44 PM IST
Swiss bank acts to halt franc rise as investors seek refuge in Greek crisis
Switzerland`s central bank was forced Monday to intervene "in order to stabilise the markets," which have tumbled over Greece`s escalating crisis, the bank`s chief Thomas Jordan said.
Jun 29, 2015, 15:57 PM IST
Switzerland may tighten anti-money laundering rules
Switzerland may tighten its anti-money laundering laws after a report by a government-appointed group found the country was still subject to financial crime.
Jun 19, 2015, 19:13 PM IST
Global stocks rise, safe-haven Swiss franc falls on Greek deal
Shares rose and the safe-haven Swiss franc fell against the euro on Monday after Greece reached a conditional deal with its international partners to avert an immediate financial crisis.
Feb 23, 2015, 18:35 PM IST
Global stocks gain as oil rises; euro up Vs Swiss franc
Stock markets around the world mostly rose on Thursday as crude oil rebounded, although caution remained following the European Central Bank`s surprise decision to strike Greek bonds off its list of accepted collateral.
Feb 06, 2015, 04:25 AM IST
It's a costlier Davos for world's rich & powerful at WEF meet
As the rich and powerful from across the world began descending on this Alpine resort town today, they are finding everything costlier -- thanks to an unprecedented rally in local currency Swiss franc's valuation.
Jan 20, 2015, 13:26 PM IST
Swiss franc surge rocks currency brokers, burns banks
The surprise surge in the Swiss franc left currency brokers and banks worldwide licking their wounds on Friday, with at least two brokers declaring insolvency and others warning of heavy losses.
Jan 17, 2015, 06:44 AM IST
Asia shares wobble; Swiss move heightens volatility
MSCI`s broadest index of Asia-Pacific shares outside Japan edged down about 0.1 percent in early trade.
Jan 16, 2015, 09:05 AM IST
Euro slips against franc, equities fall after shock Swiss move
The euro sank almost two percent against the Swiss franc on Friday and Asian markets tumbled as traders were left stunned by Switzerland`s shock decision to remove its currency peg to the euro.
Jan 16, 2015, 08:28 AM IST
Switzerland scraps euro rate cap, franc soars
The SNB had been defending the exchange rate floor since September 2011.
Jan 15, 2015, 23:25 PM IST
Swiss central bank lowers growth outlook, holds key rate
The Swiss National Bank (SNB) maintained its target range for the franc`s three-month London interbank offered rate, known as the Libor rate, at between 0.0 and 0.25 percent.
Sep 18, 2014, 16:51 PM IST
