Bloomberg The Swiss National Bank’s (SNB) biggest private shareholder sold 10 percent of his stake in 2017, capitalising on the thinly traded stock’s mystifying rally. Theo Siegert, a German businessman and professor, held 6,070 shares — or 6.07 percent of the SNB — as of Dec. 31, down from 6,720 a year earlier, the central bank said in its annual ...

Bloomberg For the first time in a decade, the world’s central banks are looking beyond the dollar to build their currency reserves. With US protectionism on the rise, a number of Wall Street strategists say the case for the euro has rarely been better. Existential crises that hobbled the European experiment have receded. A resurgent economy has spurred talk the ...

Bloomberg Going organic can come with a high price tag. Just ask Givaudan SA. The Swiss flavours and fragrance company agreed y to buy Naturex for about 1.3 billion euros ($1.6 billion), or 135 euros a share. That’s 42 percent above where the supplier of natural plant extracts closed in Paris trading. The deal values the Avignon, France-based company at ...