Switzerland (/ˈswɪtsərlənd/), officially the Swiss Confederation (Latin:Confoederatio Helvetica, hence its abbreviation CH), is a country in Europe. While still named the "Swiss Confederation" for historical reasons, modern Switzerland is a federaldirectorial republic consisting of 26cantons, with Bern as the seat of the federal authorities, called Bundesstadt ("federal city"). The country is situated in Western and Central Europe, and is bordered by Italy to the south, France to the west, Germany to the north, and Austria and Liechtenstein to the east. Switzerland is a landlocked country geographically divided between the Alps, the Swiss Plateau and the Jura, spanning an area of 41,285km2 (15,940sqmi). While the Alps occupy the greater part of the territory, the Swiss population of approximately 8 million people is concentrated mostly on the Plateau, where the largest cities are to be found: among them are the two global and economic centres, Zürich and Geneva.
Swiss was formed after the 2002 bankruptcy of Swissair, Switzerland's former flag carrier. Crossair had 40% of its income come from the defunct Swissair. The new airline's losses totaled $1.6 billion from startup until 2005. Swissair's biggest creditors, Credit Suisse and UBS, sold part of Swissair's assets to Crossair, the regional counterpart to the transatlantic Swissair. At the time, both Swissair and Crossair were under the same holding company, called SAirGroup. Crossair later changed its name to Swiss, and the new national airline started its operations officially on 31 March 2002. The airline was first owned by institutional investors (61.3%), the Swiss Confederation (20.3%), cantons and communities (12.2%) and others (6.2%). Swiss also owns subsidiary companies Swiss Sun (100%) and Crossair Europe (99.9%). It has a total of 7,383 employees.
The fact that Swiss commodity trading giant Glencore was recently fined $1.1 billion for years of illegal manipulation of the US crude oil benchmark agency shows that it is necessary to strengthen the supervision of these giant traders, so as to prevent them from manipulating the international food market.
London — The production of zinc and copper dropped at Anglo-Swiss commodity trading and mining company Glencore Plc in the first six months of the year compared to the same period of last year.Glencore Plc reported on Friday that its ... .
SYDNEY, NSW, Australia - Stocks were somewhat directionless in Asia on Tuesday, although investors in Japan pushed the Nikkei 225 higher after returning from the long weekend ...In Tokyo, the Nikkei 225 advanced 173.21 points or 0.65 percent to 26,961.68 ... The U.S ... The Swiss franc rose to 0.9727. The commodity currencies forged ahead ... ....
Swiss-headquartered H2 EnergyEurope is a joint venture between commodity trading firm Trafigura Pte Ltd ... Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world.
Haydn Snape, global managing partner and CEO of the Dubai-based Decentralised Investment Group (DIG), has a particular mission in mind ... DIG’s latest partnership is with CryptoOasis, a Middle East-focused blockchain network based out of the Dubai Multi Commodities Centre (DMCC) inspired by the successful Swiss Crypto Valley environment ... .
It was a dismal week for commodities as most of them recorded multi-month lows amid growth worries and firmness in the US dollar...The US dollar index has been on the rise since the start of the year; however, the pace of gains has increased lately, putting pressure on commodities at large.
PolyMet is 72% owned by Glencore, a Swiss-based commodities trading and mining company that the Reuters news agency once described as the “biggest company you’ve never heard of.” It was founded by the late Marc Rich, a godfather of commodities trading who spent years on the FBI’s ...
Holcim, a Swiss building material company established in 1912, first expanded to France... Xstrata, a Swiss multinational company that was said to be the largest exporter of thermal coal, was fully taken over by Glencore, a British-Swiss commodity trading and mining company in 2013.
Register... read more ... recession ... The dollar and other haven currencies like the yen and Swiss franc would benefit at the expense of commodity currencies and sterling for the duration of a global downturn, they added ... But that has not helped Aussie much, which has instead tracked commodity prices lower as the global economic outlook deteriorates ... ....
ZURICH (Reuters) – Switzerland is set to take a closer look at Swiss-based commodities traders to get more intelligence about a sector that has flourished in a country known for its light-touch approach to regulation ...Around 900 Swiss-based commodity traders employ more than ...
In the preliminary draft, it was still a prerequisite that at least 60% of the tonnage of ocean-going vessels must sail under the Swiss or EEA flag ... The study concluded that the overall environmental impacts of traded commodities are 19 times higher than the ones caused by total Swiss consumption.
This means that currently only rough estimates can be made of the sector's contribution to the economy, and no specific information is available on the goods traded by Swiss commodity traders ... The aim is to establish a solid foundation of reliable data on Swiss commodity trading that can be compared over time.