Business & Finance Archives - The Swiss Times

Affaires et finances

SNB Does Not Expect A Price Spiral

SNB reports controlled inflation and praises disciplined wage and price management, resulting in a reduced key interest rate.

Signa Group’s Former CFO Addresses Insolvency

Manuel Pirolt, ex-CFO of Signa Prime and Signa Development, denies wrongdoing amid insolvency investigations and resigns from the board.

SNB Lowers Key Interest Rate to 1.25%

The SNB has lowered its key interest rate to 1.25%, responding to decreased inflationary pressure.

Nestlé Is The Top Swiss Brand Despite Losses In Value

Nestlé, with a brand value exceeding 18.5 billion Swiss francs, retains its position as the most valuable Swiss brand, despite a 13% decline in value due to challenging macroeconomic conditions.

SNB: Domestic Banks Resilient Amid Potential Shocks

The Swiss National Bank asserts that domestically focused banks are well-positioned to withstand major economic shocks due to strong profits and capital buffers.

Swiss Watch Exports Decline in May Amid Weak Asian Demand

Swiss watch exports decreased by 2.2% in May, driven by weak demand from Asia. This trend follows a mixed start to the year for the Swiss watch industry.

HSBC Private Bank Violates Money Laundering Regulations

HSBC Private Bank (Suisse) has been banned by FINMA from entering new business relationships with politically exposed persons from Lebanon due to money laundering violations.

SIX Expands Global Equity Indices Offering

SIX broadens its index business with new global equity indices for financial institutions, reducing administrative burdens and offering more precise market performance insights.

Switzerland’s Competitiveness Soars in Global Rankings

Switzerland climbs to second place in the IMD World Competitiveness Ranking 2023, showing significant advancements in economic development and company performance.

SNB Interest Rate Decision Uncertainty: Analysts Conflicted

Forecasters are split on whether the Swiss National Bank will maintain or lower the key interest rate next Thursday, reflecting widespread uncertainty.

Swiss Consumer Spending Declines Again in May 2024

Swiss consumer spending in May 2024 dropped 0.3% compared to last year, showing a slight improvement from April's sharper decline.

Zurich Insurance Group Share Buyback Program 2024/25

Zurich Insurance Group plans to repurchase up to CHF 1.1 billion worth of shares, aiming for capital reduction.

Swiss Fixed Rate Mortgages Are Stable, But Higher Than At The Start Of The Year

Swiss fixed-rate mortgages have seen slight increases since the start of the year, with expectations of sideways movement for the rest of 2024.

NGO Demands Federal Action Against Nestlé

Public Eye urges Swiss government to sue Nestlé over excessive sugar in baby food marketed in developing countries, citing unfair practices.

Finma Opens Bankruptcy Proceedings Against Flowbank

Swiss financial watchdog Finma initiates bankruptcy against Geneva's Flowbank due to insufficient capital and debt, aiming to safeguard depositors.

Should Entrepreneurs Get Unemployment Benefits?

The National Council's proposal for better unemployment benefits for entrepreneurs passed with 126 votes in favor.

Price Pressure For Companies in Switzerland Eased in May

Price pressure for companies in Switzerland eased in May 2024, with a 0.3% drop in the producer and import price index (PPI).

EU Tariffs On Chinese Cars Will Not Be Coming To Switzerland Dealers Say

Swiss car dealers oppose adopting EU punitive tariffs on Chinese electric cars, citing a free trade agreement and Switzerland's neutral trade stance.

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