Sentences with phrase «francs in»

He already helped the fintech company Lykke launch its ICOs in 2016, which he claims raised tokens worth around 444,000 Swiss francs in 10 days, more than $ 451,543.

As an example, in December 2012, FINMA disgorged 59 million Swiss Francs in illegal profits (estimate) in an investigation into price fixing brought against a large international bank.

Celine agrees to accompany him with just a few francs in their pockets between the two of them.

In 2010, Roche had over 80,000 employees worldwide and invested over 9 billion Swiss francs in R&D.

Barry Callebaut has seen stagnating demand for chocolate this year yet has seen revenue edge up 1.5 % to 1.45 billion Swiss francs in the first quarter of its 2009/2010 fiscal year ending 30 November 2009, according to its latest financial statement.

When Babette, the sisters» «papist» housekeeper and a former professional chef, wins 10,000 francs in a lottery and decides to throw the congregation a «real French dinner,» the villagers are suspicious of the sensual attractions of gourmet dining.

As a matter of fact the French government has reduced the value added tax on theme parks from 18.6 % to 7 %, lent 4 billion francs at preferential rates and provided 2.7 billion francs in infrastructure improvements, such as highways and rail roads.

The investment bank posted pretax profit of 589 million francs, the Zurich - based bank said in a statement on Monday, beating the average estimate for 463 million francs in a company - compiled survey of 24 analysts.

Net profit included a writedown of 2.865 billion Swiss francs in the fourth quarter of deferred tax assets due to the introduction a new tax cuts and the jobs act in the United States.

GENEVA — Russian billionaire and Chelsea soccer club owner Roman Abramovich has appeared in a Swiss court as part of a 19 - year - old legal case aimed to wrest 46 million Swiss francs in debts allegedly owed by him and others to a European bank.

In response, the franc surged, with the common currency fetching as little as 0.86 franc in the immediate aftermath.

We focus on the Swiss franc in this debate, but I'm just as concerned about the equity and bond market.

The SNB continues to buy large amounts of euros while selling the franc in order to defend the cap.

Many traders and investors switched to safe haven currencies such as the Japanese yen and Swiss franc in the run up to the referendum, leading to big shifts in the markets.

The SNB had installed that floor in 2011 and communicated to the markets that it will sell Swiss franc in unlimited quantities to ensure the value of the currency didn't appreciate beyond 1.2 against the euro.

Commercial traders are also long the Swiss franc in a big way.

Not exact matches

Dollar bulls in London took advantage of the holiday in most of the rest of Europe to push the currency to almost $ 1.20 per euro and helped it make good ground against the Swiss franc and the data - dented pound.

The Swiss food giant posted net income of 7.2 billion Swiss francs ($ 7.76 billion), versus 9.652 billion francs expected by analysts in a Reuters poll.

(Not as big as the pound's record plunge, to be sure; investors also took refuge in the Yen and the Swiss franc.)

However, 72 percent are opposed to exiting the euro to return to the franc,» Citi said in its French 2017 elections: Who will gain momentum in the final stretch?

The Swiss bank UBS reported a net profit of 1.2 billion Swiss francs ($ 1.25 billion) for the whole of 2017, weighed down by a writedown in the fourth quarter that related to the new U.S. tax overhaul.

The prospect of a smaller investment, and the preliminary status of talks, sparked a drop in Swiss Re's shares, which were down 3.2 percent at 93.28 Swiss francs at 1010 GMT.

UBS also achieved its net cost reduction target of 2.1 billion Swiss francs but highlighted that low market volatility could affect client activity in its wealth management business.

GENEVA (AP)-- Russian billionaire and Chelsea soccer club owner Roman Abramovich has appeared in a Swiss court as part of a 19 - year - old legal case aimed to wrest 46 million Swiss francs ($ 46 million) in debts allegedly owed by him and others to a European bank.

Other currencies which have borne the brunt of the dollar's rally in the last two weeks such as the Australian dollar, Canadian dollar and the Swiss franc stabilised on Wednesday, rising between 0.2 to 0.4 percent.

Zhang Wei, 36, paid 9,999 Swiss francs (# 7,623 or $ 9,998) for one 20 ml measure of what he believed was an 1878 Special Reserve from The Macallan distillery in Speyside, Scotland.

The rise of the franc has seen the Swiss National Bankintervene in the foreign exchange marketto little effect.

The recent drop in Swiss francs has brought a slight relief to watch - maker Swatch, the company's CEO told CNBC Tuesday.

But this revenue source in the kroner and franc has dried up now that Denmark and Switzerland have cut rates.

Development cost the government tens of billions of francs, and it became a centrepiece of President François Mitterrand's push to make France a leader in aviation, nuclear energy and electronics.

Bombardier is embroiled in a dispute with Swiss Federal Railways (SBB) over a 1.9 - billion - Swiss - franc ($ 2.3 - billion) contract for 59 passenger trains.

Some hedge funds had shortened their positions on the Swiss franc for the past few weeks to invest in European assets.

In fact, the Swiss franc rose 1 percent against the dollar on Wednesday morning, as investors looked for safe options after North Korea said it was «carefully examining» a plan to strike Guam, where a U.S. military base is located.

LONDON — The staggering ascent in the Swiss franc, one of the most acute moves in decades by a major currency, has hurt financial firms around the world, with at least two brokerages going out of business.

While big banks can absorb big losses on markets, for some smaller firms, the volatility in the franc proved too much.

Swiss central bank unexpectedly scraps limit on franc's strength, causing gyrations in markets

Because Le Petit Ballon operates in four countries, Thibault is concerned about what could happen to the value of France's currency — that is, if the country returns to the franc.

Many people in countries like Greece, Hungary and Poland have their mortgages denominated in the Swiss franc.

The peg, which was introduced in Sept. 2011, was an attempt to halt the rise of the franc — a traditional haven currency for investors — against the euro at a time when the eurozone debt crisis was at its height.

«The SNB clearly expected to see a huge surge of inflows in the week ahead and saw little reason to provide these buyers of francs with an artificially cheap rate,» said Simon Derrick, chief currency strategist at BNY Mellon.

The decision by the SNB to call time on its efforts to prevent the euro from trading below 1.20 francs was a huge surprise and came amid mounting speculation that the European Central Bank will next week back a big stimulus program that will put more euros in circulation which would further dilute their value.

Switzerland caused havoc on global markets on January 15 when the Swiss National Bank abruptly shifted its monetary policy to allow the Swiss franc to increase in value.

That was evident in the franc's movements in the markets after it abandoned the peg.

That's why the Swiss National Bank announced in 2011 that it would cap the franc at 1.2 euros.

In a press conference following the decision, the Swiss central bank's president, Thomas Jordan, laid out the hope that the «huge overvaluation» of the franc will not persist long.

It wasn't just the euro that got caught up in the franc's frenzied moves.

The Swiss National Bank said in its statement that, essentially, it felt the worst of the danger was past and that the Swiss economy had had enough time to adjust to a strong franc.

As for the British example at the end of the 19th Century, in those days currency was part of reserve accumulation, but much if not most reserves were in the form of gold or silver, and while Britain had the most important reserve currency, the difference between central bank holdings of sterling and central bank holdings of other gold - based currencies, like the franc, were pretty small relative to total trade.

HNA planned to float Gategroup in Zurich around March or April in a deal valuing the firm at about 2 billion Swiss francs including debt, sources close to that deal said.

The standing of the Australian dollar as a world currency is recognised by its inclusion in the first wave of currencies (along with the US Dollar, euro, yen, Swiss franc, pound and Canadian dollar) in the Continuous Linked Settlement System for foreign exchange settlement that is due to come into operation in 12 — 18 months» time.