Tag Archives: Switzerland
UBS to cut 3,500 jobs
UBS AG, Switzerland’s financial heavyweight, announced on tuesday that it will cut 3,500 jobs worldwide as part of a saving scheme that will reduce the company’s costs by $2.5 million annually by the end of 2013. The cuts are to …
U.S. dollar hits record low against Swiss franc
The U.S. dollar sank to a new record low against the swiss franc during morning trading on monday after rating agency Standard and Poor dropped its rating of the U.S. which went on to spark fear regarding the U.S. economic …


















