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Archive for Tue, 06 May 2014

EU agrees to resume talks with Swiss

EU agrees to resume talks with Swiss

The European Union agreed Tuesday to resume talks with Switzerland on setting an overall framework for their relationship, frozen since a controversial Swiss vote calling for curbs on immigration.

Swiss sign on to OECD tax evasion measure

Swiss sign on to OECD tax evasion measure

Switzerland was among 47 countries that signed up on Tuesday to automatically share bank account data, the Organization for Economic Co-operation and Development (OECD) said, in what has been touted as a major step towards cracking down on global tax evasion.

Federer's wife gives birth to twins for second time

Federer's wife gives birth to twins for second time

Swiss tennis legend Roger Federer is skipping the Madrid Masters tournament to be at the side of his wife, who on Tuesday night delivered twin boys, the star said on his Facebook page.

Credit Suisse to set up US 'bad bank': reports

Credit Suisse to set up US 'bad bank': reports

Credit Suisse, facing potential criminal charges for helping Americans dodge taxes, has created a "bad bank" unit for US clients, Swiss media reported on Tuesday.

Frozen Ukrainian assets total 170 million francs

Frozen Ukrainian assets total 170 million francs

Authorities in Bern have frozen around 170 million francs in assets held in Swiss banks by members of the ousted former Ukrainian regime, latest figures show.

Swiss drivers spend more time in tailbacks

Swiss drivers spend more time in tailbacks

Swiss motorists traveled further and suffered through more traffic jams in 2013 than in the previous year, according to federal government figures.

UBS records higher first quarter 2014 profits

UBS records higher first quarter 2014 profits

Switzerland's largest bank UBS on Tuesday posted a net profit of 1.05 billion francs ($1.2 billion) for the first quarter of 2014, up seven percent from the first three months of the previous year.