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  • September 24, 2014
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  1. News - World - SWITZERLAND

    Employers’ fears as Switzerland gets set to vote on world’s highest minimum wage

    Posted Apr 14th 2014, 10:06pm by BLOOM

    ... so well-off." The main backers of the proposal are Switzerland's biggest trade unions, which argue that pay levels need to reflect the country's prices, which are among ... of Switzerland's political system, are held four times a year. In a country that's home to about 300 banks, voters often side with employers. In 2012, for instance, they voted down a proposal ...

  2. Business - Banking & Finance - CURRENCIES

    Deals put Switzerland on path to becoming a yuan hub

    Posted Jul 22nd 2014, 12:29am by Jeanny Yu

    ... Switzerland would apply for RQFII investment quota and invite Chinese banks to open offices in the country to develop their [yuan] business." Goh, was referring to the renminbi qualified foreign ... Jeanny Yu jeanny.yu@scmp.com Deals put Swiss on path to yuan hub Switzerland stepped closer to becoming an offshore yuan hub yesterday after it signed a bilateral currency swap agreement ...

  3. Comment - Insight & Opinion - JAKE'S VIEW

    China's currency swap deal with Switzerland is just plain dumb

    Posted Jul 27th 2014, 04:01am by Jake Van Der Kamp

    ... Jake van der Kamp China's currency swap deal with Swiss is just plain dumb Switzerland stepped closer to becoming an offshore yuan hub yesterday after it signed a bilateral currency swap agreement with the People's Bank of China... The SNB [Swiss National Bank] also obtained a yuan investment quota, with which it could invest part of its foreign exchange reserves ...

  4. News - China - TRADE

    China and Switzerland sign free-trade pact

    Posted Jul 07th 2013, 12:00am by AFP, Bloomberg

    ... National Bank, we are interested in getting the chance to negotiate with the Chinese about a renminbi hub in the centre of Europe, in Switzerland," Schneider-Ammann said. "This free-trade ... Agencies in Beijing Beijing signs free-trade deal with Switzerland China and Switzerland yesterday signed a free-trade agreement (FTA)- Beijing's first with a nation in continental ...

  5. News - World - SWITZERLAND

    Swiss balk at deal to catch US tax evaders

    Posted Jun 10th 2013, 12:00am by AFP

    ... manner." Other participants at the seminar also pleaded for Switzerland to accept the deal despite the blindfold, stressing that the banks had to swallow their bitter medicine if they wanted ... could be in store, especially for the cantonal banks- there is one in each of Switzerland's 24 cantons- which enjoy a government guarantee scheme. "Ten to 15 of them apparently handled ...

  6. News - World - SECURITY

    Switzerland flags 'safe passage' for Edward Snowden to spying inquiry

    Posted Sep 16th 2014, 10:07pm by Reuters

    ... Snowden could be granted safe passage in Switzerland if he helped a potential criminal inquiry into US spying there, the Swiss public prosecutor's office said. He would probably not be extradited to the United States if Washington asked, but it was also unlikely that he would be granted political asylum, according to a document laying out Switzerland's legal options if Snowden ...

  7. Business - Banking & Finance - BANKING

    UBS facing US$1.6b penalty to settle Libor claims

    Posted Dec 18th 2012, 12:00am by Bloomberg

    ... allegations that its employees conspired to manipulate the London interbank offered rate, which is used in bank borrowing. As part of the case, US prosecutors are planning to file charges against ... Securities Japan, the Japanese unit of the Zurich-based bank, would plead guilty to manipulating Japanese interest rates starting in 2007, said the second source. Spokesmen for UBS, the FSA ...

  8. Business - Banking & Finance

    Swiss central bank ready to defend franc cap

    Posted Sep 01st 2014, 04:21am by Reuters

    ... Reuters in Zurich Zurich ready to defend franc cap The Swiss National Bank is ready to intervene in the foreign exchange market to defend its cap on the franc and could take further measures to ensure price stability, its chairman said. The franc has strengthened in recent weeks towards the 1.20 per euro threshold the Swiss central bank has set as a minimum exchange rate, ...

  9. News - China - CRIME

    Chinese 'jewellery thief' linked to diamond heists is arrested in Switzerland

    Posted Sep 13th 2014, 02:07pm by AFP

    ... of dollars worth of diamonds across the world has been arrested in Switzerland during another robbery, Interpol said on Friday. Chinese national Jianguo Meng, 46, is linked to over a dozen heists ... to Interpol, Meng is suspected of carrying out robberies in Austria, Belgium, France, Germany, Malaysia, Monaco, Switzerland and Britain, and always operated in tandem with another individual. “In each ...

  10. Sport - Soccer

    Roy Hodgson under pressure as England face Switzerland in Euro qualifier

    Posted Sep 07th 2014, 09:40pm by AFP

    ... Sturridge and stung by recent media criticism, England begin their 2016 European Championship qualifying campaign on Monday with a perilous away game against chief group E rivals Switzerland ... the trip to Basel with injury. Going over to Switzerland is a tough game, but we know if we put in the performance and get the result, the fans are going to come back on our side Jack Wilshere ...




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