Dollar set for weekly rise NEW YORK: The dollar headed for a second week of gains on Friday, with a slight rate hike in Japan unable to halt ... Published 23 Mar, 2024 05:41am
Business & Finance Dollar gains on risk sentiment NEW YORK: The dollar rose on Thursday as the strength of the US economy and high interest rates along with a ... Published 22 Mar, 2024 04:57am
Markets Sterling steady ahead of Bank of England decision LONDON: The pound steadied against the dollar on Thursday, ahead of a Bank of England meeting at which the central... Published 21 Mar, 2024 01:31pm
Business & Finance Swiss central bank calls for more action on capital regulation ZURICH: The Swiss National Bank (SNB) on Tuesday said more action needed to be taken on capital regulation following... Published 19 Mar, 2024 12:55pm
Business & Finance Swiss National Bank loses $3.6 billion in 2023 ZURICH: The Swiss National Bank posted an annual loss of 3.2 billion Swiss francs ($3.62 billion) for 2023, the... Published 04 Mar, 2024 12:42pm
Business & Finance Swiss National Bank posts annual loss of 3 billion Swiss francs ZURICH: The Swiss National Bank posted an annual loss of 3 billion Swiss francs ($3.54 billion) for 2023, the... Published 09 Jan, 2024 12:09pm
Business & Finance Swiss National Bank keeps interest rate at 1.75% as expected BERN: The Swiss National Bank held its policy interest rate steady at 1.75% on Thursday, kicking off a busy day for... Published 14 Dec, 2023 01:53pm
Markets Dollar on back foot as traders look to Fed for cut timing clues TOKYO: The dollar remained on the back foot versus major rivals on Wednesday, as traders braced for the conclusion... Published 13 Dec, 2023 09:32am
Business & Finance Lower Swiss inflation points to interest rate freeze ZURICH: The Swiss National Bank has scope to keep its interest rate on hold at 1.75% next week before considering... Published 04 Dec, 2023 04:58pm
Markets Swiss National Bank posts 12bn franc Q3 loss ZURICH: The Swiss National Bank on Tuesday posted a 12.04 billion franc ($13.36 billion) loss for the third quarter... Published 31 Oct, 2023 01:04pm
Markets Swiss National Bank in wait and see mode after pausing rate hikes ZURICH: The Swiss National Bank has entered “wait and see mode” it said on Thursday after a surprise decision to... Published 21 Sep, 2023 01:40pm
Business & Finance UBS no longer taking state aid for Credit Suisse takeover ZURICH: Swiss banking giant UBS voluntarily put an end Friday to the state and central bank support that smoothed ... Published 12 Aug, 2023 06:44am
Markets Swiss National Bank posts $15 billion loss during second quarter ZURICH: The Swiss National Bank posted a second quarter loss of 13.20 billion Swiss francs ($15.14 billion), it said... Published 31 Jul, 2023 11:35am
Business & Finance SNB to launch digital currency pilot: chairman ZURICH: The Swiss National Bank (SNB) is to issue a wholesale central bank digital currency (CBDC) on ... Published 03 Jul, 2023 06:04am
Business & Finance Swiss National Bank Chairman hints at rate rises to tackle inflation ZURICH: The Swiss National Bank could raise interest rates to tackle inflation which remains above target, Chairman... Published 10 Jun, 2023 10:58am
Markets Credit Suisse liquidity support from government should be soon repaid ZURICH: Credit Suisse should soon repay the emergency liquidity that the Swiss government gave the stricken bank to... Published 26 May, 2023 11:20am
Markets Powerful Swiss central bank faces reform calls in wake of Credit Suisse rescue ZURICH: The Swiss National Bank is facing calls for an overhaul in its governance, with critics saying too much... Published 28 Apr, 2023 11:40am
Markets Stock market rise helps SNB post Q1 profit of 26.9bn Swiss francs ZURICH: The Swiss National Bank made a profit of 26.9 billion Swiss francs ($30.20 billion) during the first... Published 27 Apr, 2023 11:11am
Markets Central banks cut dollar operations with Fed as market stress eases FRANKFURT/LONDON/TOKYO: The world’s top central banks will reduce the frequency of their dollar operations with the... Published 25 Apr, 2023 02:10pm
Markets UBS Chief Risk Officer Bluhm to continue in role ZURICH: UBS on Monday said Christian Bluhm will continue as Group Chief Risk Officer for the “foreseeable future”... Published 24 Apr, 2023 10:53am
Print Bank takeover prevented Swiss economy collapse: minister GENEVA: Swiss Finance Minister Karin Keller-Sutter said Switzerland’s economy would probably have collapsed had... Updated 10 Apr, 2023 08:28am
Markets SNB’s Schlegel says central bank will do everything it can to bring inflation down ZURICH: The Swiss National Bank will do everything it can to bring inflation down, Vice Chairman Martin Schlegel... Published 04 Apr, 2023 10:48am
Business & Finance UBS-Credit Suisse deal may not lead to Swiss bliss GENEVA: The marriage of UBS and Credit Suisse was hastily arranged to prevent a global financial meltdown — but ... Published 27 Mar, 2023 06:15am
Markets SNB sold $24bn in foreign currencies during 2022 in intervention U-turn ZURICH: The Swiss National Bank sold 22.3 billion Swiss francs ($23.97 billion) worth of foreign currencies... Published 21 Mar, 2023 12:38pm
Markets Bank of England receives no bids in new daily dollar repo operation LONDON: The Bank of England said it received no bids for dollar liquidity at a first daily seven-day repo operation... Published 20 Mar, 2023 03:38pm
Markets Yen drops, dollar on defensive as central banks seek to reassure markets TOKYO: Currency markets showed some cautious optimism after global authorities moved to stem contagion from a... Published 20 Mar, 2023 10:09am
Markets Credit Suisse launches tender offer for euro and dollar notes LONDON: Credit Suisse launched on Thursday a cash tender offer for its euro and US dollar denominated notes,... Published 16 Mar, 2023 02:08pm
Markets Fear over bank turmoil sparks flight to safe haven currencies SINGAPORE: Safe haven currencies like the US dollar and the yen were in bid on Thursday on renewed fears of a global... Published 16 Mar, 2023 10:31am
Markets Credit Suisse says it will borrow up to $53.7bn from central bank ZURICH: Credit Suisse announced Thursday that it would borrow almost $54 billion from the Swiss central bank to... Published 16 Mar, 2023 10:09am
Markets Swiss National Bank reports annual loss of 132.5bn Swiss francs ZURICH: The Swiss National Bank reported on Monday an annual loss of 132.5 billion Swiss francs ($141.54 billion),... Published 06 Mar, 2023 01:57pm
