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United Kingdom

John Revill

SNB seen on sidelines as virus fears push Swiss franc to near three-year high

10:51am GMT

ZURICH The Swiss National Bank appeared to remain on the sidelines as the Swiss franc surged to its highest level in nearly three years on Monday, driven by concerns about the spread of the coronavirus.

Siemens buys Indian electrification company in $296 million deal

24 Jan 2020

ZURICH Siemens is buying Indian electrical equipment maker C&S Electric in a 267 million euro ($296.21 million) deal, the German industrial group said on Friday.

Barry Callebaut sales rise, outperforms flat chocolate market

22 Jan 2020

ZURICH Barry Callebaut said on Wednesday it had outperformed the global chocolate industry after its sales volume rose 8.2% in the three months ended Nov. 30, helped by favorable comparables and its recently acquired Russian company Inforum.

Central banks can't save the world from climate change, BIS says

20 Jan 2020

BASEL/LONDON Central banks can't be expected to save the world from climate change, a new book by the Bank for International Settlement said on Monday, urging instead global co-ordination ranging from government policy to financial regulation.

Central banks can't save the world from climate change, BIS says

20 Jan 2020

BASEL/LONDON, Jan 20 Central banks can't be expected to save the world from climate change, a new book by the Bank for International Settlement said on Monday, urging instead global co-ordination ranging from government policy to financial regulation.

Italy and eastern Europe help Geberit fourth quarter organic sales rise 1.9%

16 Jan 2020

ZURICH Geberit reported a 1.9% increase in organic sales during its fourth quarter, the plumbing supplies company said on Thursday, helped by strong demand in eastern Europe and Italy.

Schweizer Währungshüter nach fünf Jahren Negativszinsen unter Druck

15 Jan 2020

Zürich Fünf Jahre nach der turbulenten Abkehr der Schweiz von der Euro-Anbindung regt sich zunehmend Widerstand gegen die von den Währungshütern stattdessen ausgerufene ultra-lockere Geldpolitik.

Swiss franc nears 3-year high after U.S. adds it to watchlist

14 Jan 2020

LONDON/ZURICH The Swiss franc hit its strongest against the euro in almost three years on Tuesday after the United States added Switzerland to its watchlist of currency manipulators.

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