SNB considers capital controls if euro falls apart

Source: International Business Times

Switzerland is drawing up plans for emergency measures including capital controls in case the euro collapses although it does not expect to need them and will continue to defend a cap on the franc in the meantime, the ...
Full article at: International Business Times  More like this  16 hours ago, 4:21am CDT

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SNB missed opportunity to shift franc cap-Swatch

Source: Reuters Mobile

* Swatch CEO wants franc at 1.30-1.35 per euro * SNB lost opportunity while without permanent head ZURICH, May 26 (Reuters) - The chief executive of Swatch Group, the world's largest watchmaker, said Swiss business needed ...
Full article at: Reuters Mobile  More like this  1 day ago, 9:18am CDT

Banking on boutique strategy

Source: Gulfnews

London: Stephen Urquhart's mind is constantly ticking, like the Omega Olympic Countdown clock at Trafalgar Square which marks a silent but steady beat to the London Games. Like that timepiece in London's ...
Full article at: Gulfnews  More like this  2 days ago, 11:56am CDT

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Exploration firm extends $30m loan

Source: Independent.ie

Limerick-based explorer Circle Oil extended a $30m (€23.8m) financing arrangement for three years. The loan with a subsidiary of Kuwait-based PetroLink Holding Company was due to mature in two months' time. The loan is convertible into ordin ...
Full article at: Independent.ie  More like this  2 days ago, 10:49pm CDT

How super-rich are creating new opportunities for a growing band of entrepreneurs

Source: Economic Times

Last year, Delhi-based entrepreneur Annika Talwar got a request from a young industrialist who was getting married. He wanted to gift his wife-to-be a rare 16-carat heart shaped pink diamond. The price tag: a few crores of rupe ...
Full article at: Economic Times  More like this  3 days ago, 8:07pm CDT

Swiss Stocks Advance for Third Day in Four; Banks Rally

Source: Bloomberg.com

Stocks in Switzerland advanced, following yesterday’s biggest drop in a month for the benchmark Swiss Market Index, as a rally in bank stocks outweighed declines in watchmakers. UBS AG and Credit Suisse Group AG cli ...
Full article at: Bloomberg.com  More like this  3 days ago, 7:16am CDT

Swatch, Richemont Fall on Slowing Watch Exports: Zurich Mover

Source: Bloomberg.com

Swatch Group AG (UHR) and Cie. Financiere Richemont SA shares fell after Swiss watch exports increased at the slowest pace in more than two years last month. Swatch, the biggest maker of Swiss timepieces, dropped as much as 2.9 percent ...
Full article at: Bloomberg.com  More like this  3 days ago, 6:33am CDT

Swiss stocks - Factors to watch on May 21

Source: Reuters.co.uk

ZURICH May 21 (Reuters) - Swiss stocks were expected to fall on Monday, with other major European indeces also seen down as the weekend's G8 meeting failed to calm investors' worries over debt-stricken Greece. Futures ...
Full article at: Reuters.co.uk  More like this  6 days ago, 12:04am CDT