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Jan 16, 2015

BP rally supports Britain’s FTSE 100; financials take Swiss hit

LONDON, Jan 16 (Reuters) – Britain’s top share index rose on
Friday, boosted by BP after the oil major received a
smaller fine than expected for the 2010 Gulf of Mexico oil
spill.

A rebound in Brent crude and commodities helped to support
the broader energy and mining sectors.

Jan 16, 2015
Jan 16, 2015
Jan 16, 2015
Jan 15, 2015
Jan 15, 2015

From watchmakers to ski resorts, Swiss firms hammered by franc surge

ZURICH/LONDON (Reuters) – Switzerland’s companies warned of a plunge in exports, tourist revenues and profits after the country’s central bank scrapped its cap on the Swiss franc, sending the currency soaring up to 30 percent and crushing their competitiveness in world markets.

Analysts said the country’s renowned watchmakers and luxury goods companies, including Swatch and Richemont, were likely to be the biggest casualties, with the starkest mismatch between revenues abroad and costs at home.

Jan 15, 2015
Jan 15, 2015
Jan 15, 2015
Jan 15, 2015
    • About Alistair

      "Alistair Smout is working on the Investment and Emerging Markets for Reuters Europe over the summer. He specialises in Africa and Europe."
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