Strong franc hurts industrial sales; govt eases innovation aid rules

23rd June 2011, Comments 0 comments BERN, SWITZERLAND - The impact of a strong home currency is starting to hurt some Swiss industries, says Swissmem, the mechanical and electrical engineering industries body said Thursday 23 June. “The strong Swiss franc is exerting pressure on export prices sometimes hugely so thereby squeezing companies margins. Swissmem fears that the negative effects [...]

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