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Archive for Fri, 27 Jul 2012

Negative rates mulled to lower Swiss franc

Negative rates mulled to lower Swiss franc

Switzerland's central bank could soon make investors pay for the privilege of depositing money in Switzerland's banks.

Swiss held by Gabon in Olympic football opener

Ten-man Switzerland shared the spoils with Gabon on Thursday as the teams played out a 1-1 draw in their opening men's football Group B game at the Olympic Games.

Swiss shoemaker keeps Schumacher well-heeled

Swiss shoemaker keeps Schumacher well-heeled

Motor racing champion Michael Schumacher is earning five million francs ($5.1 million) a year from an advertising deal with Swiss fashion brands Navyboot and Jet Set, business magazine Bilanz reports.

Swiss pilot killed in mystery plane crash

Investigators are puzzling over the crash of a light plane in the canton of Fribourg on Thursday afternoon that killed a 57-year-old pilot.