News
Swiss economy picked up pace at start of year
5+ hour, 13+ min ago (258+ words) Real, seasonally adjusted gross domestic product (GDP) grew by 0. 5% in the first quarter compared to the previous quarter, according to the GDP flash estimate published on Monday by the State Secretariat for Economic Affairs (SECO). Both the industrial and service…...
Stocks Hit as Inflation Angst Sends Yields Higher: Markets Wrap
3+ day, 7+ hour ago (568+ words) (Bloomberg) " A broad retreat in bond markets dragged stocks lower, putting a sudden halt to the artificial intelligence-fueled equity rally that has pushed US stocks from one record high to the next. Yields advanced across the Americas, Europe and Asia…...
Swiss National Bank posts half-billion loss in first quarter
3+ week, 4+ day ago (198+ words) Swiss franc positions generated a profit of CHF40 million, the SNB said on Thursday. Economists at UBS had forecast a loss of CHF1 billion as the most likely scenario for the SNB in the first quarter. The large loss on foreign currency…...
US Job Market Likely'Thawed Out This Month After February Chill
1+ mon, 3+ week ago (1228+ words) (Bloomberg) " US employment probably rebounded in March after one of the biggest pullbacks in payrolls since the pandemic, extending a string of volatile readings. Economists estimate 60, 000 jobs were added for the month following a 92, 000 decline, according the median of a…...
SNB Is About to Reveal Its Resolve on Franc Strength
2+ mon, 21+ hour ago (921+ words) (Bloomberg) " The Swiss National Bank's determination to cap gains in the franc will draw the spotlight in a decision that is likely to avoid the more drastic option of negative borrowing costs. Officials led by President Martin Schlegel are widely…...
Economists predict a weak economic year for Switzerland
1+ mon, 4+ week ago (592+ words) The Swiss Economic Institute (KOF) at the federal technology institute ETH Zurich is also forecasting growth of 1%, but only if oil prices fall again soon. If oil prices remain at current levels for a longer period, growth of just 0. 7% is…...
SNB bought CHF5. 2 billion worth of foreign currency in 2025
2+ mon, 1+ day ago (346+ words) SWI swissinfo. ch SNB bought CHF5. 2 billion worth of foreign currency in 2025 The Swiss National Bank (SNB) intervened relatively little in the foreign exchange market last year. Only after US President Donald Trump's Liberation Day at the beginning of the second…...
Swiss 'Magic Pass' breaks record with 321, 400 sold
2+ mon, 1+ week ago (237+ words) The Magic Pass cooperative, which is currently enjoying its ninth season, exceeded its growth target of 35%, it said in a press release on Tuesday. This content was published on Feb 28, 2025 A single ski pass is being offered for four major…...
US Stocks Halt Rebound as Iran War Risks Linger: Markets Wrap
2+ mon, 1+ week ago (734+ words) (Bloomberg) " A rebound in US stocks stalled as a slide in oil failed to keep boosting risk appetite, with a continuation of the war in Iran posing threats to global energy supplies. Bonds and the dollar retreated. Following a sharp…...
The Swiss franc is brimming with strength, but how serious is the problem?
2+ mon, 1+ week ago (1080+ words) I work as editor and correspondent at the Federal Palace. I report on Swiss politics for the Swiss Abroad and manage our political talk show Let's Talk. I started in local journalism in the early nineties and have worked in…...