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1 week ago | 
gurutrade.com | Dave Graham
ZURICH, June 20 (Reuters) - Switzerland will spend 269 million Swiss francs ($329.37 million) to support Geneva as a hub for international diplomacy, the government said on Friday, amid growing financial pressure on global institutions hit by spending cuts and lower donations.
The money, which will cover the period of 2026 to 2029, comes as international organisations based in city face increasing competition from other cities to host them.
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1 week ago | 
gurutrade.com | Dave Graham |Tomasz Janowski
SNB cuts rates due to falling inflation and strong franc
SNB anticipates weaker global growth, rising U.S. inflation
Analysts suggest SNB may pause rate cuts unless economy worsens
ZURICH, June 19 (Reuters) - The Swiss National Bank cut its interest rate to zero on Thursday in response to falling inflation, appreciation pressure on the Swiss franc and economic uncertainty caused by the U.S. administration's unpredictable trade policy.
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1 month ago | 
reuters.com | Dave Graham
REUTERS/Illustration Alex GreenFew landlocked cities offer an alluring tableau for the dawn like Zurich. Switzerland's biggest city sits on the LimmatRiver at the top of Lake Zurich, which on clear days sparkles brilliantly, framed by the Alps, when the sun rises in the east. I am a relative newcomer,having arrived here last year to cover Switzerland and Austria as chief correspondent for Reuters after 13 years in our Mexico City bureau and Berlin before that.
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Dec 5, 2024 | 
gurutrade.com | Dave Graham |Oliver Hirt |David Evans
ZURICH, Dec 5 (Reuters) - The wealth held by the world's billionaires jumped by about 17% over the past year, as significant gains among the super rich in the United States more than offset a decline in China, Swiss bank UBS said on Thursday.
The UBS Billionaire Ambitions Report for 2024 said the total number of billionaires had risen to 2,682 from 2,544 a year earlier, and their worth to $14 trillion from $12 trillion. In 2015, their total wealth stood at $6.3 trillion.
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Nov 25, 2024 | 
reuters.com | Dave Graham
An EU flag flies beside Switzerland's national flag near the German-Swiss border in Rheinfelden, Germany, March 11, 2019.
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Nov 21, 2024 | 
wifc.com | Dave Graham |Oliver Hirt
By Dave Graham and Oliver HirtZURICH (Reuters) – UBS has seen weak European growth hit companies it lends to, CFO Todd Tuckner said on Thursday, with the bank facing a 2024 credit loss expense of some 150 million Swiss francs ($170 million) in its personal and corporate banking business. Tuckner’s remarks came as he explained the economic background behind the credit loss expense, which he said UBS was expecting for the fourth quarter.
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Nov 12, 2024 | 
reuters.com | Oliver Hirt |John O'Donnell |Stefania Spezzati |Dave Graham
Logos of Swiss banks Credit Suisse and UBS are seen before a news conference in Zurich Switzerland, August 30, 2023. REUTERS/Denis Balibouse/File Photo Purchase Licensing Rights, opens new tabZURICH/FRANKFURT/LONDON, Nov 12 (Reuters) - The United States is pursuing an inquiry into Russian clients that UBS (UBSG.S), opens new tab took on when it bought Credit Suisse, three people familiar with the matter said, heightening scrutiny of one of the world's biggest wealth managers.
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Oct 29, 2024 | 
jp.reuters.com | Dave Graham
１０月３０日、スイス金融大手ＵＢＳグループが発表した第３・四半期決算は、純利益が１４億ドルと、会社集計の市場予想（７億４０００万ドル）を上回った。写真はＵＢＳのロゴ。６月、スイス・ルツェルンで撮影（２０２４年 ロイター/Denis Balibouse） [チューリヒ ３０日 ロイター] - スイス金融大手ＵＢＳグループ(UBSG.S), opens new tabが３０日発表した第３・四半期決算は、純利益が１４億ドルと、会社集計の市場予想（７億４０００万ドル）を上回った。買収したクレディ・スイス・グループの顧客口座統合によるコスト削減や収入増が寄与した。 売上高は１２３億ドルと、コンセンサス予想の１１５億ドルを上回った。 セルジオ・エルモッティ最高経営責任者（ＣＥＯ）は米州やアジア太平洋地域の顧客向け事業が強い勢いを保ち、収入が目覚ましく伸びたと説明。クレディ・スイスとの統合を進める上でコストや効率性の目標達成へ着実な進展を図り、リスクを抑えていると説明した。 ＵＢＳは５月にクレディ・スイスの買収を完了した。...
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Aug 13, 2024 | 
streetinsider.com | Dave Graham
By Dave GrahamZURICH (Reuters) -UBS on Wednesday reported a net profit of $1.14 billion for the April-June period, comfortably surpassing analysts' forecasts as Switzerland's largest bank enters a new stage in the integration of its one-time rival Credit Suisse. The net profit attributable to shareholders compared with the $528 million forecast by analysts in a company-provided poll for what were the bank's first results since UBS completed its formal legal merger with Credit Suisse in May.
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Aug 4, 2024 | 
gurutrade.com | Dave Graham
ZURICH, Aug 5 (Reuters) - The Swiss franc rose to its highest level against the euro in nearly a decade on Monday as heavy losses in stock markets, concerns over U.S. and global growth and tensions in the Middle East drew investors to the safe-haven currency.
The franc has risen some 3.5% against the euro since the U.S. Federal Reserve held interest rates last week.
