Tag: Switzerland

• Saturday, May 29th 2021 - 09:22 UTC

  Swiss bank discloses details of laundering deals involving South America's football officials

  

  A Swiss bank Friday admitted before a Federal Court in New York it had laundered around 25 million US dollars for the late Argentine Football Association President and FIFA Vice President Julio Humberto Grondona and his family, it was reported.

• Monday, March 8th 2021 - 08:00 UTC

  Swiss voters backed ban on burqa by a slim margin: 51,2% to a 50,8% turnout

  

  Swiss voters on Sunday narrowly backed a ban on full-face coverings in public places - a decision hailed by supporters as a bulwark against radical Islam but branded as discriminatory by opponents. Official results showed that 51.2% of voters, and a clear majority of federal Switzerland's cantons, supported the proposal.

• Friday, February 12th 2021 - 09:32 UTC

  Argentina's Patagonia bank teams with Swiss UBS and Banco do Brasil to have a global platform

  

  UBS BB Investment Bank, a joint venture between UBS Group AG and Banco do Brasil SA for South America, reached a collaboration agreement with Argentina’s Banco Patagonia SA.

• Thursday, January 7th 2021 - 09:55 UTC

  Credit Suisse cuts relations with wealthy Venezuelan families

  

  Fearing of doing business with politically-exposed clients in a sanctions-hit country, Credit Suisse Group AG has cut relationships with a number of Venezuela’s wealthy.

• Thursday, December 17th 2020 - 09:59 UTC

  Trump administration designated Switzerland and Vietnam as currency manipulators; China in monitoring list

  

  U.S. Treasury Department designated Switzerland and Vietnam as currency manipulators for the first time, while keeping China on a watch list, in the Trump administration’s final foreign-exchange policy report.

• Thursday, November 12th 2020 - 09:13 UTC

  Haiti still waiting for Swiss courts to free funds stolen by dictators, more than thirty years on

  

  More than 30 years after the overthrow of Jean-Claude Duvalier, Haiti is still waiting to get back the fortune that the dictator and his family deposited in Switzerland. The delay is down to legal intrigues being played out in the Swiss courts.

• Friday, October 16th 2020 - 09:20 UTC

  Switzerland bans the export of five toxic chemicals, including paraquat

  

  Starting from next year, Switzerland will not allow the export of five hazardous plant protection products already banned in the European country. The Swiss government approved the amendment to the law on chemical substances this week as part of measures to reduce risks associated with toxic chemicals. It added that the move is intended to help protect health and the environment in importing countries, particularly in the developing world.

• Friday, April 24th 2020 - 08:28 UTC

  Swiss pharma giant warns about unreliability of blood tests to check for COVID-19 antibodies

  

  Some blood tests being marketed to tell people if they have had the new coronavirus are a “disaster”, Roche Chief Executive Severin Schwan said as he prepares to launch the drug maker's own antibody test next month.

• Wednesday, February 12th 2020 - 09:25 UTC

  The Danish central bank experience with record negative interest rate could be coming to an end

  

  Denmark and Switzerland have long shared the world record in negative interest rates, at minus 0.75%. But that may be about to change. Economists at some of the biggest Nordic banks say Denmark, which pegs the krone to the euro, is likely to raise its key rate in the coming months.

• Saturday, November 23rd 2019 - 09:33 UTC

  Swiss investigation helps expose corruption network involving Vitol, Trafigura and Petrobras

  

  Swiss investigators have executed search warrants at addresses linked to Vitol and Trafigura, their counterparts in Brazil said on Thursday, as a sprawling probe into the global commodity trading industry intensifies.