Bloomberg Switzerland’s government opposes a measure that would forbid the central bank, pension funds and foundations from investing in munitions-makers, saying it wouldn’t be effective. The pending popular initiative would make it impossible for the Swiss National Bank from investing in a market-neutral way and would also create a precedent for other restrictions the government said in a statement. The ...

Bloomberg Russia’s central bank shifted solidly to monetary easing, saying first interest rate cut in more than a year could be followed by two more in 2019, as inflation slows and growth sputters. The move makes Russia the latest emerging market to shift towards more dovish policy as escalating trade woes weigh on growth. The change in trajectory of interest ...

Bloomberg Goldman Sachs economists are skeptical that trade policy uncertainty is a major drag on business investment at the moment. Instead, they’re pointing to other economic indicators, which they say are still okay. “The link between economic policy uncertainty and capex weakens sharply when taking into account financial conditions and company investment spending expectations, which both still signal a decent ...