Switzerland

Switzerland News

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  King Eyes Parting Shot at Bankers Gearing Up for Carney

  Updated 6 minutes ago

  Bank of England Governor Mervyn King will return to the scene of some of his most acidic public encounters today for the annual occasion that helped define his relationship with Britain’s banking industry.

• Novak Djokovic Joins Serena Williams as Top Seed at Wimbledon

  Updated 6 minutes ago

  Novak Djokovic and Serena Williams were named as the top seeds at Wimbledon, the world’s only grass-court tennis major.

• Swiss Investor Confidence Unchanged in June, ZEW Says

  Updated 40 minutes ago

  Swiss investor confidence was unchanged in June, signaling the economy may struggle to gain momentum amid a recession in the neighboring euro area.

• Polychem’s Nursalim Family Said to Seek Buyer for Majority Stake

  Updated 1 hour, 1 minute ago

  PT Polychem Indonesia Tbk’s largest shareholder, the Nursalim family, is seeking a buyer for a stake of as much as 70 percent in the company, said two people with knowledge of the matter.

• Swiss Stocks Decline Before Fed Statement on Stimulus

  Updated 2 hours, 3 minutes ago

  Stocks in Switzerland dropped, reversing earlier gains, as investors awaited the outcome of the Federal Reserve meeting for signals on stimulus measures.

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  Swiss Art Mimics Banks by Luring Foreign Millionaires

  Updated 20 minutes ago

  Zurich’s auction houses are attracting a growing number of international buyers for Swiss art, reflected in higher prices for artists including Ferdinand Hodler, Albert Anker and the Giacometti family.

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  Glencore Loan Wins Banks on Future Business: Corporate Finance

  Updated 23 minutes ago

  Glencore Xstrata Plc raised the biggest loan on record for a commodity trader at interest rates below those offered to competitors as the 80 banks backing the deal count on winning future business from the company.

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  Suntech Rises on Moratorium as Spreadtrum Gains

  Chinese equities advanced in New York as Suntech Power Holdings Co. climbed after a moratorium on claims from creditors was extended in Europe while online retailers rallied on an improving outlook for second-half sales.

• Suntech European Unit Receives Creditor Reprieve in Court

  Updated 3 hours, 16 minutes ago

  Suntech Power Holdings Co., the solar-panel manufacturer involved in bankruptcy proceedings in China, said Swiss judicial authorities extended a moratorium on creditor claims on its European unit.

• Orbite Climbs After Glencore Alumina Deal: Montreal Mover

  Orbite Aluminae Inc., a developer of mineral deposits in Quebec, rose the most in four weeks after it said Glencore Xstrata Plc will buy output from a proposed alumina plant in the Canadian province.

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