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People of this country overwhelmingly reject 'free money' plan

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.

China to start direct trading between Yuan and Swiss Franc

China to start direct trading between Yuan and Swiss Franc

The move will lower trading costs for China and Switzerland.

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.

Switzerland may tighten anti-money laundering rules

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.

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.

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.

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.

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.

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.

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.

Switzerland scraps euro rate cap, franc soars

The SNB had been defending the exchange rate floor since September 2011.

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.

Swiss central bank faces new currency trade controversy

The Swiss central bank is in the spotlight for the second time in three months over alleged currency trading by a key official during sensitive times for policy over the Swiss franc.

Swiss draw line in the sand to weaken franc

The Swiss National Bank shocked foreign exchange markets by setting a minimum exchange rate target of 1.20 francs to the euro on Tuesday, knocking back a currency rally which has threatened its economy with recession.

Global stocks retreat after Swiss move; euro jumps

Switzerland's central bank stepped in to stop investors driving up the franc on Tuesday, sending the euro up nearly 9 percent and stifling a tentative European stock recovery from sharp losses a day earlier.

Swiss freeze over $200M in bribe money: Report

Swiss weekly Der Sonntag reports that authorities in Switzerland have frozen 160 million Swiss francs (USD203 million) in suspected bribes intended for foreign officials since 2008.

Growth worries hit global stocks, Swiss franc falls

World stocks fell on Thursday as renewed unease about a sluggish economic recovery prompted investors to cut exposure to riskier assets, though the safe-haven Swiss franc also dropped amid signs of further moves by the central bank to stem its rise.

Asian stocks shaky, Swiss franc holds

Asian stocks eased on Thursday following a negative lead from US technology shares, while the Swiss franc stayed buoyed after plans to curb the currency disappointed those looking for more drastic action.