Swiss central bank stays firm on currency cap

Swiss central bank stays firm on currency cap

Switzerland's central bank said Tuesday it would fight any appreciation of the already strong Swiss franc, which has in recent days edged closer to the bank's cap of 1.20 francs per euro.

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Swiss add more Syrians to travel ban list

Switzerland on Monday added 34 top Syrian military and interior ministry officials as well as pro-regime organisations to a travel ban list, as the United States closed its embassy in Damascus.

Cash ticking in for Swatch as profits soar

Cash ticking in for Swatch as profits soar

The world's biggest watch group Swatch said on Tuesday its net profits jumped 18.1 percent to 1.3 billion francs ($1.4 billion) in 2011 and it expected to sustain growth this year.

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Glencore and Xstrata in blockbuster merger

Raw materials giant Glencore and mining firm Xstrata announced a vast merger on Tuesday, creating a $90 billion group and a new powerhouse in the global commodities industry.

Madonna announces summer Switzerland date

Madonna announces summer Switzerland date

Madonna has announced her new tour dates, and confirmed that she will be playing the Letzigrund Stadium in Zurich on August 18th, 2012.

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Pupils march for teacher accused of abuse

One hundred school pupils rose up on Monday in defence of their teacher, protesting his innocence in the freezing cold against allegations of abuse.

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Swiss banks to police clients’ overseas taxation

In future, Swiss banks may require their overseas customers to provide proof that any funds held in Swiss accounts have been taxed correctly in the client’s country of tax domicile.

Investment arm pushes down UBS profits

Investment arm pushes down UBS profits

Swiss banking giant UBS on Tuesday posted a net profit of 4.2 billion francs ($4.57 billion) for 2011, down 44 percent on the previous year, and forecast a tough first quarter due to the
economic crisis.

Turkish minister probed over Armenia remarks

Turkish minister probed over Armenia remarks

Swiss prosecutors have launched a probe into alleged remarks by Turkey's EU affairs minister denying the Armenian genocide, a crime under Swiss anti-racism laws, ATS news agency said on Monday.