Jan 20, 2015

Shocking Switzerland

The Swiss National Bank's move to abandon currency market intervention has profound implications for the international financial system.

What happened to the Swiss franc?

| Jan 17, 2015

What happened to the Swiss franc?

One of the world’s safest investments — the Swiss franc — has swung wildly this week after the central bank in Switzerland announced it would scrap its policy of limiting the rise of the currency. It may seem like an arcane move, but it’s ...

Jan 16, 2015

Casualties from Swiss shock spread from New York to New Zealand

Casualties mounted from the Swiss currency shock as a U.S. online brokerage said client debts threatened to push it out of compliance with capital rules and a New Zealand-based dealer went out of business. FXCM Inc., a New York-based company that offers foreign exchange ...

Switzerland stuns markets by giving up on currency peg

Jan 16, 2015

Switzerland stuns markets by giving up on currency peg

Rarely has one statement prompted such a dramatic move in currency markets. The Swiss franc achieved a turbo-charged liftoff Thursday after the country’s central bank bowed to the inevitable and ditched an increasingly expensive policy to limit the export-sapping rise of the currency. Within ...

Austrian crooner Udo Juergens, 80, dies in Switzerland

Dec 22, 2014

Austrian crooner Udo Juergens, 80, dies in Switzerland

Austrian crooner Udo Juergens, whose more than 50-year career was studded with hits in languages ranging from German to Japanese, died on Sunday following a heart attack. He was 80. Juergens, who also held Swiss nationality, took ill while walking in the countryside in ...

Nov 27, 2014

Switzerland's wealthy expats braced for vote on tax break

Many of Switzerland’s foreign millionaires will be watching nervously on Sunday as voters decide whether to scrap one of the country’s biggest tax perks for expatriates. Switzerland’s system of charging foreign residents with no gainful activity in the country a lump sum based on ...

Federer, Swiss capture Davis Cup

Nov 24, 2014

Federer, Swiss capture Davis Cup

Having stolen the limelight from Davis Cup stalwart Stan Wawrinka, Roger Federer quickly turned attention toward his Switzerland teammates after securing the winning point in the final against France on Sunday. Federer crushed Richard Gasquet 6-4, 6-2, 6-2 to give the Swiss a 3-1 ...

Federer, Wawrinka double up to give Swiss lead

Nov 23, 2014

Federer, Wawrinka double up to give Swiss lead

Roger Federer will have the chance to clinch the last big prize in tennis eluding him. The 17-time Grand Slam champion and Stan Wawrinka swept aside Julien Benneteau and Richard Gasquet 6-3, 7-5, 6-4 in the doubles to put Switzerland into a 2-1 lead ...

Nov 14, 2014

Ban the cowbell? Swiss farmers say 'udder nonsense'

Holy cow! A Swiss university has sparked ire by suggesting that cowbells — as emblematic of the Alpine country as chocolates, watches and Heidi — should be banned. Researchers at the Swiss Federal Institute of Technology in Zurich said the traditionally heavy bells have ...