Petroplus credit lines frozen by banks

Petroplus credit lines frozen by banks

Embattled oil refiner Petroplus said on Thursday that lenders had frozen access to its remaining credit lines in a further blow to the firm in the process of shutting down three of its refineries.

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Banker to break silence on wife’s dollar deal

Swiss central bank chief Philipp Hildebrand is due to break his silence later on Thursday over his wife's controversial dollar purchase that has sparked a growing scandal and speculation over insider trading.

Swiss media call for SNB chief’s resignation

Swiss media call for SNB chief’s resignation

Swiss newspapers believe the reputation of the Swiss National Bank (SNB) has been seriously damaged by reports that the wife of bank chief Philipp Hildebrand made tens of thousands of francs in profit by speculating on an overvalued franc.

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First storm of the year keeps skiers away

A low pressure system bringing heavy snowfall and wind speeds of up to 180 km/h is expected to continue into Friday.

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Bank chief ‘unaware of wife’s investment’

Swiss central bank chief Philipp Hildebrand did not know about his wife's purchase of $504,000 dollars until the day after the transaction, a report by the bank's auditor said on Wednesday.

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Tears as Neuchatel Xamax sack four players

Beleaguered Swiss football club Neuchatel Xamax announced on Wednesday that they have sacked four players, including captain Stephane Besle, with immediate effect.