Swiss National Bank

Gold prices remained stable on Thursday, boosted by another drop in the dollar as investors weighed the implications of central bank policy tightening to combat inflation.

Swiss National Bank hikes rates by half a point, franc surges

The central bank increased its policy rate to -0.25% from the -0.75% level it has deployed since 2015. The hike was the first increase by the SNB since September 2007.

Customer deposits held in Swiss banks not necessarily located in Switzerland: Swiss authorities tell FinMin

As per SNB data, the increase in aggregate funds of Indian clients with Swiss banks from 899 million Swiss francs (Rs 6,625 crore) at the end of 2019, reverses a two-year declining trend and has taken the figure to 2.55 billion Swiss francs in 2020.

Indians' money in Swiss banks falls, hits second-lowest level in two decades

The official SNB figures also do not include the money that Indians, NRIs or others might have in Swiss banks in the names of entities from different countries.

Swiss banks' profit up at CHF 9.8 bn; foreign deposits down

The overall customer deposits rose marginally by 1 percent to about CHF 1.8 trillion, despite the dip in money deposited by their foreign clients, according to data released today by the Swiss National Bank (SNB).

Indians' money in Swiss banks rises 50% to over CHF 1 bn

In comparison, the total funds held by all foreign clients of Swiss banks rose about 3 percent to CHF 1.46 trillion or about Rs 100 lakh crore in 2017, according to the official annual data released today by Swiss National Bank (SNB), the central banking authority of the Alpine nation.

Govt checking if any blackmoney returned to India:Revenue Secy

Noting the fall in money by Indians in Swiss banks as a positive, Hasmukh said the data indicates that government's steps to recover blackmoney are in the right direction.

Money in Swiss Banks: Pakistan overtakes India

Defying a global trend, money kept by Pakistani nationals in Swiss banks has risen by over 16 percent to 1.5 billion francs (over Rs 10,000 crore), exceeding that of Indians

Delhi, Mumbai among world's cheapest cities to live in: UBS

The British capital ranked behind Zurich, Geneva, New York and Oslo when it came to the relative cost of goods, including rent, but was in 13th place on a comparison of gross salaries.

Euro edges lower ahead of euro zone summit on Greece

After Greek voters overwhelmingly rejected austerity at a weekend referendum, France and Germany urged Athens on Monday to muster further proposals and restart talks with its lenders. The country's banks have already been closed for over a week, and only emergency funding can avert their insolvency.

Euro holds gains vs USD as Greek debt saga plays out

The CBOE Volatility "fear" index, a measure of the premium traders are willing to pay for protection against a drop in the S&P 500, jumped 34.5 per cent to 18.86, its highest level in almost five months.

India slips to 61st place on Swiss money list; Pak at 73rd

While the UK and the US have retained their top two positions with the largest shares of the foreign clients' money with Swiss banks, Pakistan has inched up to 73rd place.

Negative yields: what could go wrong?

In an effort to ward off potential deflation and bolster nearly flat-lined economic growth, some central banks -- including the European Central Bank (ECB), the Swiss National Bank and central banks in Sweden and Denmark -- have cut rates into negative territory.

ECB to decide on bond-buying plan to lift euro zone economy

Market expectations are sky-high for the ECB to unveil a large-scale programme of quantitative easing (QE) - printing money to purchase the sovereign bonds - despite opposition from Germany's Bundesbank and concerns in Berlin that this could allow spendthrift countries to slacken their economic reforms

China slowdown bigger headache than ECB's QE: Prof Rogoff

Harvard professor of Economics Rogoff says even if Mario Draghi is successful in pushing ahead with his QE programme, he must aim to have inflation at an average of 2 percent. But slow down in China is a bigger worry for the globe now.

Central banks need fiscal policies to revive growth

The world may come to realise that expecting central banks to revive growth with quantitative easing when national fiscal policies are turning to austerity may be fraught with risks.

SNB leaves policy vacuum after shock removal of franc cap

In contrast with the ECB, which has 25 policymakers from across the continent who debate major decisions, just three men call the shots at the SNB, albeit in consultation with staff advisers

USDINR Jan may trade in 61.77-61.87 range: ICICIdirect

ICICIdirect.com has come out with its report on currencies. According to the research firm, USDINR January is expected to trade in a range of 61.77-61.87

Gold poised for best week in nearly a year

Gold traded near its highest level in four months on Friday and looked set to post its best week in ten months, as investors sought safety from market volatility after Switzerland unexpectedly scrapped a cap on the franc.

Gold slips further below $1,200 as fund outflows resume

A weaker dollar after lacklustre US data, however, checked losses in gold which is seen as a safe-haven asset.

Pak money in Swiss banks more than India's:Switzerland data

The previous record low of 1.95 billion Swiss francs was seen in the year 2010. The issue of alleged stashing of black money in Swiss banks has been a matter of intense debate in Pakistan.

Global trade in services stopped growing in Q2

Global trade in commercial services such as tourism and air travel showed zero growth in the second quarter of 2012 as the Europe Union's appetite shrank 7 percent, preliminary trade figures showed on Wednesday.

Mecklai: Is Australian Dollar overvalued?

Mecklai Graph of the Day: Australia being a major exporter of base commodities, an overvalued local currency is contradictory for the cause of export realizations. Lately there has been buzz that the RBA would participate in Fx market interventions to stop or limit the elevated levels for the AUD.

World on red alert for Greek vote

Urgent messages flashed on cellphones, email alerts popped up and telephone extensions rang at the desks of a team at asset manager Legg Mason on Friday.

Indian money in Swiss banks rise for 1st time in 5 years

Switzerland said the quantum of money held by Indians in Swiss banks stood at 2.18 billion Swiss francs (about Rs 12,740 crore) at the end of 2011, rising for the first time in the past five years.