Switzerland
Swiss National Bank holds interest rate at zero, cuts inflation forecast
The outcome shows the central bank setting a higher bar for moving negative than for a standard rate cut
Drew & Napier, Withers to collaborate on claims against Switzerland over Credit Suisse AT1 losses
The Singapore firm has filed arbitration for Japanese claimants; expects to file for Singapore, Hong Kong groups by Q1 2026
JPMorgan doubles Swiss business by targeting wealthy clients
The bank has boosted staff in Zurich and Geneva by 30% this year
Swiss reject millionaire inheritance tax fearing exodus of rich
The plan is opposed by 78.3% of the electorate
Swiss watch exports slide again with US down 47% even as China rebounds
Manufacturers of watches, machines and precision instruments are among sectors hit hardest by the 39% levy
Cartier owner sales lifted by jewellery, improving Asia
Strong demand for jewellery boosted the sales of brands such as Buccellati, Cartier, Van Cleef & Arpels and Vhernier by 6%
Swiss watchmakers rise on optimism over possible reduction in Trump tariffs
The US is the biggest market for Swiss watches, accounting for 19% of all the exports
Rare Patek Philippe watch sells for 14.2 million Swiss francs
A PATEK Philippe timepiece that in 2016 became the most expensive wristwatch ever sold at auction fetched an even higher price this weekend, auctioneers Phillips said on Sunday (Nov 9).
Rolex, partners group take Swiss tariff plea direct to Trump
The unusual and rare joint effort by business people across Swiss flagship industries highlights what’s at stake for the small European country
Swiss watch exports slump in September on US tariffs
Richemont and Swatch Group, as well as independent watchmakers, have been affected by the American levy
