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The Swiss National Bank reported on the results of 2018. Last year, the Central Bank suffered a loss of 14 billion 934 million Swiss francs against a profit of 54 billion 372 million francs a year earlier. This result was due to an annual loss of 16 billion 338 million francs, thanks to which the bank got assets in foreign currency. Swiss currency assets were profitable. Their yield was 2 billion 46 million francs. At the end of the year, the gold reserves of the Swiss Central Bank lost 256 million 700 thousand francs in terms of value. Although the bank completed the loss last year, it intends to pay dividends of 15 francs per share and transfer at least 1 billion francs to the governments of the confederation and cantons.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
KYC Policy