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John Revill

Swiss franc rises as SNB stays on the sidelines

21 Jun 2019

ZURICH, June 21 The Swiss National Bank intervened very little to weaken the Swiss franc during the first quarter of 2019, figures showed on Friday, as the safe-haven currency traded around its highest level in nearly two years.

SNB says U.S.-China trade war triggering franc's rise

13 Jun 2019

BERN The Swiss National Bank (SNB) could further relax its ultra-loose monetary policy, it said on Thursday, blaming rising trade tensions between the United States and China for a spike in the safe-haven Swiss franc.

Swiss National Bank to hold interest rates until at least 2021: Reuters poll

11 Jun 2019

ZURICH The Swiss National Bank will hold its ultra-loose monetary policy unchanged on Thursday and foreseeably until at least 2021, a Reuters poll showed, declining to track any tentative moves by other central banks to relax interest rates further.

Swiss government demands clarifications from the EU in treaty talks

07 Jun 2019

ZURICH The Swiss government is demanding clarification from the European Union on several issues before it signs off on a draft treaty, it said on Friday, risking a backlash from Brussels over yet another delay to an accord the EU has sought for a decade.

Swiss Re plans $4.5 billion IPO for UK unit to help expansion

07 Jun 2019

ZURICH/LONDON Swiss Re is pressing ahead with plans to float its $4.5 billion UK life insurance business in London to put it under a more favorable regulatory regime and give it easier access to capital to fund its expansion.

Swiss firm RUAG reaches for stars with pre-IPO spending spree

05 Jun 2019

BERN Swiss defense and aerospace company RUAG is planning around a $500 million acquisition spree to cash in on a boom in private U.S. space projects inspired by billionaire Elon Musk's SpaceX.

SNB's leeway shrinks as Swiss franc hits nearly two-year high

03 Jun 2019

ZURICH, June 3 The Swiss franc surged to its highest level in nearly two years on Monday, narrowing the Swiss National Bank's policy options as investors sought the safe-haven currency amid escalating global trade tensions.

Aluflexpack aims to raise up to 150 million euros in Swiss IPO

03 Jun 2019

ZURICH Packaging maker Aluflexpack said on Monday it aimed to raise 130 million-150 million euros ($145 million-168 million) when it becomes the fourth company to launch a Swiss stock market flotation this year.

U.S. prepared to talk to Iran with 'no preconditions', Iran sees 'word-play'

03 Jun 2019

BELLINZONA, Switzerland The United States is prepared to engage with Iran without pre-conditions about its nuclear programme but needs to see the country behaving like "a normal nation", U.S. Secretary of State Mike Pompeo said on Sunday. | Video

UPDATE 1-Swiss gov't unlikely to upgrade economic forecasts after strong Q1

28 May 2019

ZURICH, May 28 The Swiss government is unlikely to upgrade its economic forecasts for 2019 despite stronger-than-expected growth at the start of the year, a senior economist told Reuters.

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