Expatica news

Swiss central bank expects half-year loss

UBS stabilization fund not included: will make “significant positive contribution”
Zurich, Switzerland GenevaLunch.com – The Swiss National Bank expects a CHF4 billion loss for the first half of 2010, it announced Tuesday morning 21 July. The loss is the result of its active role in foreign currency markets from January to June, with CHF132b invested in …