Switzerland
Swiss watch exports return to growth after US eases tariffs
Exports have gained 3.3% in December from a year before, reaching 2.1 billion Swiss francs
UBS rejects proposed Swiss bank rules, moots less costly alternatives
The lender warns the proposal would add huge costs and threaten the continuation of its successful business model
Indonesia tightens grip on resources with Switzerland-sized land grab
Tighter control of domestic resources has been a vital concern for the Prabowo administration
Asia’s wealthy turn to Switzerland to park assets
Swiss private banks report rising demand from Asian family offices and rich individuals to book assets in Europe
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%
