Bastian Benrath

Swiss real wages are set to increase again and outpace the historic average, according to ETH Zurich’s KOF economic research institute.

Martin Brown will take over as Swiss National Bank chief economist from Oct. 1, Switzerland’s central bank said in a statement.

Swiss voters are set to reject an initiative to strengthen the country’s neutrality in a ballot next month that Russia has tried to sway with jibes about the country’s actions during World War II.

Switzerland and China agreed on a new trade accord that almost entirely removes tariffs on Swiss exports, as Beijing tries to increase ties in Europe amid its ongoing rivalry with the US for global influence.

A plebiscite on making Switzerland’s traditional neutrality stricter is likely to be rejected by the country’s voters, according to a poll ahead of the Sept. 27 ballot measure.

Germany’s finance minister said President Donald Trump’s war in Iran, which has thrown global energy supplies off balance, was responsible for a surge in bond yields across world markets.

UBS Group AG should be required to fully back its units abroad with highest-quality equity capital in Switzerland, a senior central bank official reiterated.

A key panel of the Swiss parliament backed a compromise proposal on UBS Group AG’s capital requirements that would allow them to meet 50% of the new amount with debt, handing an interim win to the Zurich-based bank.

Swiss Finance Minister Karin Keller-Sutter blasted a plan by lawmakers to water down her effort to impose substantial new capital requirements on UBS Group AG, saying it’s an unwarranted boon to the lender.

Switzerland’s government appointed Christoph Ammann as the next president of the Swiss National Bank’s Bank Council, the panel that oversees the institution.