Search Results for: Swiss economy
The top 10 countries with the largest gold holdings
May 26th, 2016
Beginning in 2010, central banks around the world turned from being net sellers of gold to net buyers of gold. Last year they collectively added 483 tonnes—the second largest annual total since the end of the gold standard—with Russia ...
One of the World’s most expensive Countries is discussing paying people $2,500 a month for doing nothing
May 23rd, 2016
The Swiss are discussing paying people $2,500 a month for doing nothing. The country will vote June 5 on whether the government should introduce an unconditional basic income to replace various welfare benefits. Although the initiators of the plan haven’t stipulated how ...
EU referendum: Seven Brexit myths debunked by economists
April 22nd, 2016
With so many unknowns going into the EU referendum, there have been plenty of claims and counter-claims being made about the impact leaving the union could have on the UK. Economists at Berenberg claim the debate has been “shrouded in myths, ...
UBS, Credit Suisse interested in advising on Russia privatization
March 30th, 2016
Swiss banks UBS and Credit Suisse are interested in advising the Russian government on several privatizations as long as the deals do not violate sanctions, three banking sources told Reuters. The banks responded to a request for proposals that ...
Asian stocks extend losses as BOJ offers gloomier economic view
March 15th, 2016
Asian stocks fell on Tuesday after the Bank of Japan painted a gloomier view of the world’s third-largest economy, but the yen firmed as policymakers appeared to back away from any imminent move to cut interest rates further into ...
Ex-Goldman Banker to Malaysia Fund Subpoenaed in U.S. Probe
March 8th, 2016
Prosecutors seeking information about state investment fund Outside law firm said helping Goldman review 1MDB dealings A former Goldman Sachs Group Inc. banker has become entangled in a sprawling investigation of the Malaysian state investment fund as U.S. authorities ...
Shares Jump From Europe to Japan as Oil Holds Rally; Yuan Soars
February 16th, 2016
Absence of post-holiday China selloff bolstered sentiment Draghi said ECB will act should turmoil hit price stability Stocks came back with a vengeance amid speculation losses that sent global equities into a bear market had gone too far, with ...
Poland may water down FX loans conversion plan if costs too high
January 27th, 2016
A Polish minister signalled on Wednesday the ruling Law and Justice (PiS) party may water down the president’s plan to convert Swiss franc mortgages into zlotys if it is too expensive for banks. President Andrzej Duda has set out ...
Europe’s big banks remain wary of doing business with Iran
January 25th, 2016
Sanctions have been lifted but uncertainty over US authorities’ stance means banks are reluctant to handle payments A week after the lifting of sanctions against Iran, major European banks are still reluctant to handle Iranian payments as they remain wary of ...
Davos 2016: eight key themes for the World Economic Forum
January 19th, 2016
Political and business leaders gather at Swiss ski resort to discuss issues including robots, terrorism, migration and inequality The world’s political and business leaders, plus the usual smattering of celebrities – including Leonardo DiCaprio – are heading to Davos, ...
