Search Results for: Swiss bank
Alpari (UK) Limited to confirm today, that it has entered into insolvency
January 16th, 2015
The recent move on the Swiss franc caused by the Swiss National Bank’s unexpected policy reversal of capping the Swiss franc against the euro has resulted in exceptional volatility and extreme lack of liquidity. This has resulted in the majority ...
Euro pinned near 11-year low as SNB move beefs up bets on ECB stimulus
January 16th, 2015
The euro languished just above an 11-year trough on Friday as investors wagered that the Swiss move to abandon its currency cap meant it was almost certain the European Central Bank would launch large-scale bond buying next week. The ...
Asian Stocks Slide With U.S. Futures, Bonds Climb on SNB
January 16th, 2015
Asian shares dropped with U.S. index futures as the market turmoil sparked by Switzerland abandoning the franc’s cap extended into a second day. Sovereign bonds rallied and gold traded near a four-month high. The MSCI Asia Pacific Index fell 0.6 percent ...
Europe Stocks Gain as Retailers Rise, U.K. Prices Miss Forecasts
January 13th, 2015
European stocks advanced for a second day, as retailers climbed and data showed U.K. inflation fell to the lowest level in 15 years. The Stoxx Europe 600 Index added 1.1 percent to 343.74 at 12:02 p.m. in London, extending ...
FINMA: Switzerland Completes Financial Services Regulator Review
January 5th, 2015
The Swiss Federal Council has concluded that there is no fundamental need for comprehensive reform of the Financial Market Supervisory Authority (FINAMA), but has identified what it says are isolated areas where there is room for improvement. FINMA is ...
Euro Extends Slide on ECB Outlook; Asian Stocks, Oil Slip
January 5th, 2015
The euro weakened to an almost nine-year low and Asian stocks fell amid concern Greece will exit the European currency union. Oil slumped to its lowest level since 2009, while silver and Chinese shares climbed. The euro depreciated 0.5 percent to ...
Switzerland To Refine the withholding tax (WHT) system
December 23rd, 2014
The Swiss Federal Council has said that it intends to refine the withholding tax (WHT) system, to provide increased stability and facilitate the raising of capital. The Council explained that while WHT makes a considerable contribution to federal receipts ...
SNB Threatening Negative Rate Awaits Draghi’s Next Move
December 9th, 2014
Swiss National Bank officials have their eyes on one man: Mario Draghi. The prospect of the European Central Bank intensifying stimulus by purchasing government bonds has weakened the euro, pushing the franc to within 0.2 percent of the SNB’s ...
European Stocks Fall From 2008 High; Sika, Saint-Gobain Plunge
December 8th, 2014
A slump in construction companies sent European stocks down after a four-week rally. The Stoxx Europe 600 Index slid 0.4 percent to 349.75 at 9:34 a.m. in London after a 1.1 percent increase last week propelled it to its ...
Gold Retreats From Five-Week High on Outlook for Stronger Dollar
December 2nd, 2014
Gold retreated after the biggest one-day rally in more than a year as investors weighed the outlook for a stronger dollar against a rebound in oil prices. Silver, platinum and palladium dropped. Bullion for immediate delivery declined as much ...
