Swiss economy: UBS lowers growth forecast, Richemond soars, CFF cuts back
GenevaLunch News Swiss trains improve punctuality: 91.5% on time GENEVA, SWITZERLAND – Switzerland’s economic picture Wednesday 7 September is mixed, with UBS lowering its 2012 GDP (gross domestic...
View ArticleSwiss central bank keeps to CHF1.20/euro, lowers growth & inflation forecasts...
GenevaLunch News Updated 10:20 ZURICH, SWITZERLAND – The Swiss National Bank is keeping its promise to “enforce the minimum exchange rate of CHF1.20 per euro with the utmost determination”, including...
View ArticleSwiss economy: Nov. inflation down, retails sales up, unemployment higher
GenevaLunch News NEUCHATEL, SWITZERLAND – Swiss prices fell at an annual rate of 0.7 percent in 2011, show figures published Monday 9 January by the Swiss Statistical Office. The November inflation...
View ArticleNew central bank head forceful on maintaining franc cap
GenevaLunch News ZURICH, SWITZERLAND – The Swiss central bank does not see any risk of inflation for Switzerland in coming months, nor any need to reduce the level of liquidity. However, distortions in...
View ArticleSwiss unemployment down in April, consumer prices edge up
GenevaLunch News GENEVA, SWITZERLAND – Swiss unemployment continued its downward slide in April, down to 3.1 percent from 3.2 percent in March and the 3.4 percent seen in January, the Secretariat for...
View ArticleSwiss central bank holds steady on franc, economy forecast down
GenevaLunch News ZURICH, SWITZERLAND – The Swiss National Bank (SNB) has lowered its forecast for economic growth from 1.5 percent in June to 1.0 percent, citing a number of factors. It also says it...
View ArticleArgentina responds to IMF pressure at UN
GenevaLunch News GENEVA, SWITZERLAND – Argentina’s president Cristina Fernandez de Kirchner rejected criticism by the International Monetary Fund of her government’s presentation of economic...
View ArticleUK transport ticket prices rise today
GenevaLunch News GENEVA, SWITZERLAND – Add a little more to your budget for travel in the UK, starting 2 January, with the price of rail, bus and tram tickets rising. Season ticket prices are up 4.3...
View ArticleSwiss National Bank will maintain franc against euro risks
GenevaLunch News GENEVA, SWITZERLAND – The Swiss National Bank vowed Thursday 15 March to maintain the franc’s exchange rate against the euro, saying that the appreciation of the national currency...
View ArticleIMF backs Swiss cap on franc, overall economic stability plan
GenevaLunch News BERN, SWITZERLAND – The International Monetary Fund (IMF), in a preliminary report on Switzerland, said Monday 18 March that the country’s economic stability plan is working, and that...
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