Switzerland (/ˈswɪtsərlənd/), officially the Swiss Confederation (Latin:Confoederatio Helvetica, hence its abbreviation CH), is a country in Europe. While still named the "Swiss Confederation" for historical reasons, modern Switzerland is a federaldirectorial republic consisting of 26cantons, with Bern as the seat of the federal authorities, called Bundesstadt ("federal city"). The country is situated in Western and Central Europe, and is bordered by Italy to the south, France to the west, Germany to the north, and Austria and Liechtenstein to the east. Switzerland is a landlocked country geographically divided between the Alps, the Swiss Plateau and the Jura, spanning an area of 41,285km2 (15,940sqmi). While the Alps occupy the greater part of the territory, the Swiss population of approximately 8 million people is concentrated mostly on the Plateau, where the largest cities are to be found: among them are the two global and economic centres, Zürich and Geneva.
Swiss was formed after the 2002 bankruptcy of Swissair, Switzerland's former flag carrier. Crossair had 40% of its income come from the defunct Swissair. The new airline's losses totaled $1.6 billion from startup until 2005. Swissair's biggest creditors, Credit Suisse and UBS, sold part of Swissair's assets to Crossair, the regional counterpart to the transatlantic Swissair. At the time, both Swissair and Crossair were under the same holding company, called SAirGroup. Crossair later changed its name to Swiss, and the new national airline started its operations officially on 31 March 2002. The airline was first owned by institutional investors (61.3%), the Swiss Confederation (20.3%), cantons and communities (12.2%) and others (6.2%). Swiss also owns subsidiary companies Swiss Sun (100%) and Crossair Europe (99.9%). It has a total of 7,383 employees.
... terms of a free trade deal ... The treaty aims to facilitate trade with the South-East Asian country and would remove customs duties on Swiss exports like cheese, pharmaceutical products, and watches.
Brent, the benchmark under which two thirds of the world's crude is traded, ended the week at $69.36 a barrel ...UBS expects global oil stocks to fall at a faster pace in next month due to the decision, which underpins the Swiss bank’s forecast of Brent trading at $75 per barrel and WTI at $72 per barrel in the second half of the year.
Brent, the marker under which two-thirds of global crude is traded, ended the week at $69.36 per barrel ...UBS expects global oil stockpiles to fall at a faster pace in April following the alliance's decision, which underpins the Swiss bank's forecast of Brent trading at $75 per barrel and WTI at $72 per barrel in the second half of the year.
Furthermore, the Swiss government has acknowledged the benefit of the I-EFTA CEPA for the Swiss economy, primarily for boosting trade and investment ... Should the I-EFTA CEPA fail to be implemented, it will also affect the credibility of the Swiss government in future international trade negotiations.
The agreement was signed in 2018 and approved by the Swiss parliament in 2019, but opponents were especially critical of Bern’s move to reduce import duties on palm oil ... “This is the first time that the people will be called upon to vote on a trade agreement,” Swiss President Guy Parmelin said during a press conference on the vote.
bond yields also undermined low-yielding, safe-haven assets, such as the yen, the Swiss franc and gold ... The Japanese yen weakened 0.52% versus the greenback at 107.57 per dollar, roughly a seven month high, while Sterling was last trading at $1.3994, up 0.29% on the day ... Dividers are seen inside a trading post on the trading floor at the NYSE.
DollarIndex futures are trading 91.200, up 0.258 or +0.28% ...Start Trading ... The dollar is currently trading at a seven-month high against the Japanese Yen and a 5-month high against the SwissFranc ... A trade through 91.605 will change the main trend to up ... A trade through 90.635 will change the minor trend to down.
The dollar also traded near a three-month high against the Swiss franc and held on to gains against most currencies as a renewed sense of calm in the Treasury market supported sentiment ... currency bought 0.9195 Swiss franc, close to the highest since November ... The euro traded at $1.2059, nursing a 0.24% loss from the previous session.
The dollar also traded near a three-month high against the Swiss franc and held on to gains against most currencies as a renewed sense of calm in the Treasury market supported sentiment ... currency bought 0.9195 Swiss franc, close to the highest since November ... The benchmark 10-year Treasury yield edged up to 1.4825% in Asian trading.