Category Archive: 3) Swiss Markets and News

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Chinese cryptocurrency exchange Jucoin to set up Swiss offshoot

2025-08-06

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2025-08-06

Zug's Crypto Valley is getting a new addition. The Chinese cryptocurrency exchange Jucoin will set up its European headquarters in Baar, the company announced on Wednesday. With its clear regulation and innovation-friendly environment, Switzerland is the ideal base for Jucoin's European expansion, according to the press release. By establishing its headquarters in Crypto Valley, the …

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Swatch CEO expects spike in demand due to US tariffs

2025-08-06

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2025-08-06

Nick Hayek called the 39% tariff imposed by the US on Switzerland as "arbitrary" and "unjustified". However, he said that these tariffs will boost the watch group's business. "I am convinced that Donald Trump wants to reach an agreement and show it to his voters in the United States. I am confident that the 39% … Continue...

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Swiss president to meet Marco Rubio for tariff talks

2025-08-06

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2025-08-06

Karin Keller-Sutter will be received by US Secretary of State Marco Rubio in Washington on Wednesday afternoon. The meeting is scheduled for 4:15pm Swiss time (10:15am local time), according to the US State Department on its website and is not open to the press. Keller-Sutter and Economics Minister Guy Parmelin arrived in Washington on Tuesday …

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Swiss president travels to Washington in bid to ease tariffs

2025-08-05

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2025-08-05

Swiss President Karin Keller-Sutter and Economics Minister Guy Parmelin are travelling to Washington on Tuesday. According to the government, the aim is to facilitate short-term meetings with US authorities and talks on improving Switzerland’s customs situation. +Get the most important news from Switzerland in your inbox A small delegation, including the State Secretary for Economic …

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One in three new vehicles in Switzerland are plug-ins

2025-08-05

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2025-08-05

The Swiss car market grew in July, thanks to a carryover of registrations from June. Since the start of the year, the decline has been close to 5%. +Get the most important news from Switzerland in your inbox During the month under review, 19,629 passenger cars were registered in Switzerland and the Principality of Liechtenstein, …

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Alcon strengthens lens business with major US acquisition

2025-08-05

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2025-08-05

The eye care group Alcon is going on a shopping spree. On Tuesday, the Geneva-based company announced the acquisition of the US company Staar, a specialist in implantable lenses. +Get the most important news from Switzerland in your inbox As part of the agreement, Alcon is offering $28 in cash for each Staar share. The …

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Emmi to raise price of Gruyère cheese in the US again

2025-08-05

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2025-08-05

In the wake of the 39% tariffs decided by the United States against Switzerland, Emmi will again raise the prices of AOC quality cheeses such as Gruyère for the US market. +Get the most important news from Switzerland in your inbox As a decentralised company, Emmi mainly produces locally and is therefore not directly affected … Continue...

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Trump’s tariffs raise risk of negative interest rates in Switzerland

2025-08-05

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2025-08-05

In the wake of US President Donald Trump’s 39% tariffs imposed on Switzerland, the likelihood of the Swiss National Bank (SNB) going back to introducing negative interest rates is increasing, according to an analysis published today by Raiffeisen. +Get the most important news from Switzerland in your inbox The shock caused by the announcement of …

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‘Knives out’: Switzerland descends into blame game after US tariff shock 

2025-08-04

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2025-08-04

President Karin Keller-Sutter is under fire for failed trade talks with Trump administration. A blame game has erupted in Switzerland after the US announced an unexpected 39% tariff rate on the Alpine country on its national day. Swiss President Karin Keller-Sutter is accused of grossly miscalculating the trade deal she thought she was able to …

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Swiss government to make more attractive offer in US trade talks

2025-08-04

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2025-08-04

The Swiss government is seeking to make an even more attractive offer in talks with the US as it announced on Monday. No countermeasures are currently planned. +Get the most important news from Switzerland in your inbox The Swiss government is determined to continue talks and negotiations with the US beyond the present Memorandum of …

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Swiss stock market shaken by tariff announcement

2025-08-04

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2025-08-04

The Swiss stock market was shaken on Monday morning after Friday’s blow from tariff talks. It remains to be seen how the Swiss government will proceed following the announcement of 39% customs duties. +Get the most important news from Switzerland in your inbox The Swiss Market Index fell as much as 1.9% Monday, although it …

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Swiss president should have met Trump in Scotland, says ex-diplomat

2025-08-04

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2025-08-04

Swiss President Karin Keller-Sutter would have been better off meeting US President Donald Trump in Scotland alongside the European Union. This is according to former Swiss ambassador Thomas Borer. +Get the most important news from Switzerland in your inbox But now that the 39% US tariffs have arrived, it is a matter of reacting, perhaps …

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UBS settles Credit Suisse legacy case in the US

2025-08-04

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2025-08-04

UBS has reached an agreement in the US with the US Department of Justice (DOJ) for another Credit Suisse legacy issue. As part of the settlement concerning so-called mortgage-backed securities, UBS will pay $300 million (CHF242 million), as announced on Monday. +Get the most important news from Switzerland in your inbox The mortgages in question …

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US sets deadline for Novartis and other pharma firms to lower prices

2025-08-01

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2025-08-01

US President Donald Trump says he has sent letters to 17 major pharmaceutical companies – including Swiss giant Novartis – calling for immediate measures to lower drug prices in the United States. Otherwise, they will face retaliatory measures. +Get the most important news from Switzerland in your inbox In letters addressed personally to the company …

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Swiss parties divided on measures in response to new US tariffs

2025-08-01

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2025-08-01

Most Swiss parties are critical of the new 39% tariffs imposed by US President Donald Trump. But they are divided on possible solutions, which range from strengthening Switzerland's competitiveness to working even more closely with the European Union. +Get the most important news from Switzerland in your inbox In a statement, the centre-right Radical-Liberals denounced …

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Swiss government reacts with ‘great regret’ to new US tariffs

2025-08-01

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2025-08-01

The Swiss government has taken note of the additional tariffs announced by the United States "with great regret", said the Federal Department of Finance. Switzerland continues to strive for a negotiated solution with the US, said a spokesperson. +Get the most important news from Switzerland in your inbox The new tariffs of 39% on Swiss …

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UN in Geneva calls for reform of tariffs on plastics

2025-07-31

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2025-07-31

The United Nations is calling for a reform of customs tariffs on plastics, which are lower than those imposed on alternatives. If it succeeds in Geneva in the next few weeks, an international treaty must address this issue, the UN said on Thursday. In a report published in Geneva, the UN Conference on Trade and … Continue reading...

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SWISS sees its operating profit fall mid-year

2025-07-31

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2025-07-31

SWISS Airlines saw its adjusted operating profit fall by more than a quarter in the first six months of the year, to CHF195.1 million ($240 million). Caution is called for in the second half of the financial year, the Lufthansa subsidiary said on Thursday. In the first half of the year, operating income remained virtually …

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Swiss National Bank posts CHF15 billion loss in first half of the year

2025-07-31

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2025-07-31

The Swiss National Bank (SNB) slipped well into the red in the first half of 2025. In particular, the weakening US dollar since the start of the tariff turbulence at the beginning of April had a negative impact on the result. +Get the most important news from Switzerland in your inbox Overall, the SNB recorded …

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Glencore sees copper production plummet in first half of year

2025-07-30

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2025-07-30

Commodities giant Glencore has published its production report for the first half of the year, which was marked by a sharp fall in copper volumes. +Get the most important news from Switzerland in your inbox Steelmaking coal, meanwhile, rose sharply following the takeover of Canada's Elk Valley Resources (EVR). From January to June, copper production …

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