Tag Archives: Switzerland

Markets rally, oil prices top $100 a barrel

A decision to make it easier for banks to lend money to keep the economy growing by the Federal Reserve along with the European Central Bank, the Bank of England and central banks from Canada, Japan and Switzerland led to …

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Sugar not so sweet in New York as supply outweighs demand

Sugar futures weren’t looking so sweet in New York on Friday due to signs that global supplies of the commodity will top demand. According to brokers based out of Switzerland demand for sugar has dropped due to high prices and …

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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 …

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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 …

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