GenevaLunch » Swiss franc http://genevalunch.com Community Newspaper Online Fri, 10 Feb 2012 14:57:55 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://creativecommons.org/licenses/by-nc-nd/3.0/ Copyright © GenevaLunch 2010 editor@genevalunch.com (GenevaLunch) editor@genevalunch.com (GenevaLunch) http://genevalunch.com/wp-content/plugins/podpress/images/powered_by_podpress.jpg GenevaLunch http://genevalunch.com 144 144 Community Newspaper Online GenevaLunch GenevaLunch editor@genevalunch.com no no Swiss franc weakens on CPI news, central bankers’ words http://genevalunch.com/blog/2011/11/07/swiss-franc-weakens-on-cpi-news-central-bankers-words/ http://genevalunch.com/blog/2011/11/07/swiss-franc-weakens-on-cpi-news-central-bankers-words/#comments Mon, 07 Nov 2011 19:18:02 +0000 Ellen Wallace http://genevalunch.com/?p=63307 GenevaLunch.com ZURICH, SWITZERLAND – The Swiss franc weakened in trading Monday, to $.90 after earlier trading at $.88. It was also weaker against the euro, at 1.24, but with the day’s low at 1.22. Philipp Hildebrand, Swiss National Bank chairman, told Swiss German papers over the weekend that the bank will continue to push the franc [...]

Swiss franc weakens on CPI news, central bankers’ words © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2011/11/07/swiss-franc-weakens-on-cpi-news-central-bankers-words/feed/ 0 Novartis to close Nyon site, 1100 jobs to go in Switzerland http://genevalunch.com/blog/2011/10/25/novartis-to-close-nyon-site-1100-jobs-to-go-in-switzerland/ http://genevalunch.com/blog/2011/10/25/novartis-to-close-nyon-site-1100-jobs-to-go-in-switzerland/#comments Tue, 25 Oct 2011 07:38:33 +0000 Ellen Wallace http://genevalunch.com/?p=62814 GenevaLunch.com NYON, SWITZERLAND – Pharmaceutical company Novartis is closing its site in Nyon as part of a restructuration that will involve eliminating 1,100 jobs in Switzerland. The company is cutting a total of 2,000 jobs, with most of the rest in the US. The Nyon site employs 320 persons and 770 jobs will also go in [...]

Novartis to close Nyon site, 1100 jobs to go in Switzerland © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2011/10/25/novartis-to-close-nyon-site-1100-jobs-to-go-in-switzerland/feed/ 1 Strong Swiss franc worries unions, Bern – and now Geneva’s bankers http://genevalunch.com/blog/2011/10/19/strong-swiss-franc-worries-unions-bern-and-now-genevas-bankers/ http://genevalunch.com/blog/2011/10/19/strong-swiss-franc-worries-unions-bern-and-now-genevas-bankers/#comments Wed, 19 Oct 2011 12:52:13 +0000 Ellen Wallace http://genevalunch.com/?p=62604 GenevaLunch.com GENEVA, SWITZERLAND – The strong Swiss franc is back in the news 18-19 October, first with Swiss unions saying that they want the euro/Swiss franc exchange rate cap moved to CHF1.40, then the federal government announcing it will extend the period for reimbursement for partial unemployment and finally, the Geneva Financial Centre saying Swiss bankers [...]

Strong Swiss franc worries unions, Bern – and now Geneva’s bankers © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2011/10/19/strong-swiss-franc-worries-unions-bern-and-now-genevas-bankers/feed/ 0 Swiss central bank lays out exchange rates for past year http://genevalunch.com/blog/2011/10/03/swiss-central-bank-lays-out-exchange-rates-for-past-year/ http://genevalunch.com/blog/2011/10/03/swiss-central-bank-lays-out-exchange-rates-for-past-year/#comments Mon, 03 Oct 2011 06:57:48 +0000 Ellen Wallace http://genevalunch.com/?p=62033 GenevaLunch.com ZURICH, SWITZERLAND – The Swiss National Bank 3 October published a table of the path the Swiss franc has taken against several key currencies since July 2010, showing clearly its dramatic rise. Against the euro, the rate has shifted from CHF1.3471 to CHF1.20 in 15 months and against sterling from CHF1.6111 to CHF1.3768. The dollar [...]

Swiss central bank lays out exchange rates for past year © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2011/10/03/swiss-central-bank-lays-out-exchange-rates-for-past-year/feed/ 0 Swiss producer and import prices drop http://genevalunch.com/blog/2011/09/14/swiss-producer-and-import-prices-drop/ http://genevalunch.com/blog/2011/09/14/swiss-producer-and-import-prices-drop/#comments Wed, 14 Sep 2011 09:40:34 +0000 Laila Rodriguez http://genevalunch.com/?p=61570 GenevaLunch.com NEUCHATEL, SWITZERLAND – The Swiss producer and import prices fell sharply in August 2011 says a report published 14 September by the Federal Statistics Office, FSO. The index for August slid 1.2% from the previous month as a result of a weak economy worldwide, lower prices for paper, oil, gas and chemical products, and the [...]

Swiss producer and import prices drop © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2011/09/14/swiss-producer-and-import-prices-drop/feed/ 0 Swiss stock market slides less than European neighbours’ mkts. Monday http://genevalunch.com/blog/2011/09/12/swiss-stock-market-slides-less-than-european-neighbours-mkts-monday/ http://genevalunch.com/blog/2011/09/12/swiss-stock-market-slides-less-than-european-neighbours-mkts-monday/#comments Mon, 12 Sep 2011 12:29:48 +0000 Ellen Wallace http://genevalunch.com/?p=61455 GenevaLunch.com ZURICH, SWITZERLAND – Worries over the sovereign debt and financial sector woes in the euro zone hit world stocks Friday 9 September, and the slide continued Monday, with European stock markets down by 2.5 to 4.1 percent in the morning. The SMI, Swiss index of star shares, suffered less than most, down 2.3 percent. Asian [...]

Swiss stock market slides less than European neighbours’ mkts. Monday © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2011/09/12/swiss-stock-market-slides-less-than-european-neighbours-mkts-monday/feed/ 0 Franc falls after Swiss central bank moves to peg it to euro (update) http://genevalunch.com/blog/2011/09/06/franc-falls-after-swiss-central-bank-moves-to-peg-it-to-euro-update/ http://genevalunch.com/blog/2011/09/06/franc-falls-after-swiss-central-bank-moves-to-peg-it-to-euro-update/#comments Tue, 06 Sep 2011 14:25:58 +0000 Ellen Wallace http://genevalunch.com/?p=61256 GenevaLunch.com ZURICH, SWITZERLAND – The Swiss National Bank (SNB) Tuesday late morning announced it is fixing the Swiss franc to the euro at a rate that will not be allowed to slip below euro 1.20 and says it is “prepared to buy foreign currency in unlimited quantities”. Its action was accompanied by the toughest words to [...]

Franc falls after Swiss central bank moves to peg it to euro (update) © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2011/09/06/franc-falls-after-swiss-central-bank-moves-to-peg-it-to-euro-update/feed/ 0 Cliché busting wine session shows Swiss wines are tops – and cheaper http://genevalunch.com/blog/2011/09/05/cliche-busting-wine-session-shows-swiss-wines-are-tops-and-cheaper/ http://genevalunch.com/blog/2011/09/05/cliche-busting-wine-session-shows-swiss-wines-are-tops-and-cheaper/#comments Mon, 05 Sep 2011 18:22:37 +0000 Ellen Wallace http://genevalunch.com/?p=61198 GenevaLunch.com GENEVA, SWITZERLAND – Right: Swiss wine is mostly drunk inside Switzerland. Wrong: it’s local stuff that can’t compete internationally and anyway, it’s too expensive. A wine tasting session offered to journalists covering the Vinea Swiss wine fair Sunday 4 September in Sierre showed good Swiss wines out-performing or equaling fine wines from other countries. To [...]

Cliché busting wine session shows Swiss wines are tops – and cheaper © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2011/09/05/cliche-busting-wine-session-shows-swiss-wines-are-tops-and-cheaper/feed/ 1 Swiss economic news: franc rises, higher mortgage deposits coming, budget surplus predicted (update) http://genevalunch.com/blog/2011/08/17/swiss-economic-news-franc-rises-despite-snb-budget-surplus-predicted-update/ http://genevalunch.com/blog/2011/08/17/swiss-economic-news-franc-rises-despite-snb-budget-surplus-predicted-update/#comments Wed, 17 Aug 2011 17:56:16 +0000 Ellen Wallace http://genevalunch.com/?p=60712 GenevaLunch.com Update 20:00  BERN, SWITZERLAND – The Swiss franc rose yet again Wednesday 17 August, turning around after a dip at the start of the week against most major currencies. The shift comes in the wake of a Franco-German meeting that left investors lukewarm and efforts by the Swiss National Bank to reduce its strength that [...]

Swiss economic news: franc rises, higher mortgage deposits coming, budget surplus predicted (update) © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2011/08/17/swiss-economic-news-franc-rises-despite-snb-budget-surplus-predicted-update/feed/ 0 Swiss franc fallout: Coop, Denners cut some brands, yo-yo rates rule http://genevalunch.com/blog/2011/08/15/swiss-franc-fallout-coop-denners-cut-some-brands-yo-yo-rates-rule/ http://genevalunch.com/blog/2011/08/15/swiss-franc-fallout-coop-denners-cut-some-brands-yo-yo-rates-rule/#comments Mon, 15 Aug 2011 17:24:37 +0000 Ellen Wallace http://genevalunch.com/?p=60659 GenevaLunch.com ZURICH, SWITZERLAND – The Swiss franc was traded Monday in ranges of $1.2505-1.2867 and €.8734-.9025, according to Reuters, with the franc weakening early in the day after last week’s climb, thanks largely to the Swiss National Bank’s insistence that it will intervene if the safe haven impact on the franc’s position does not end. But [...]

Swiss franc fallout: Coop, Denners cut some brands, yo-yo rates rule © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

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