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The Swiss National Bank (SNB) predicts that global economic growth may be more moderate in the short term than in previous quarters. However, growth is expected to pick up again in the medium term. The Swiss franc may face upward pressure again.

2026-06-18

The Swiss National Bank (SNB) predicts that global economic growth may be more moderate in the short term than in previous quarters. However, growth is expected to pick up again in the medium term. The Swiss franc may face upward pressure again.

Other News
2026-06-18

Economics professor Phil Powell said he expects the Fed to hold rates at this meeting. He said markets had feared higher inf prior to a Washington‑Tehran peace deal after oil surged and inf topped 4%, making a near‑term Fed hike more likely than a cu

Economics professor Phil Powell said he expects the Fed to hold rates at this meeting. He said markets had feared higher inf prior to a Washington‑Tehran peace deal after oil surged and inf topped 4%, making a near‑term Fed hike more likely than a cut. Powell added an Iran peace agreement would be a sizeable disinflationary shock—oil could fall more than expected and lower the odds of near‑term hikes. He noted this was the first rate decision under the new Fed chair; while markets may view the new chair as more cut‑friendly than his predecessor, Powell said that has not proven true. On cuts, he said rate reductions are unlikely before year‑end because inf must fall first.
2026-06-18

Individual Stock News 1. China Shenhua Energy (01088.HK): Coal sales volume for the first five months reached 249.7 million tons, a year-on-year increase of 3.3%. 2. Oriental Watch Group (00398.HK) released its annual results: Profit attributable t

Individual Stock News 1. China Shenhua Energy (01088.HK): Coal sales volume for the first five months reached 249.7 million tons, a year-on-year increase of 3.3%. 2. Oriental Watch Group (00398.HK) released its annual results: Profit attributable to shareholders was HK$180 million, a year-on-year decrease of 10.17%. 3. Hong Kong Resorts International (00480.HK) released its annual results: Loss attributable to shareholders was HK$262 million, a year-on-year narrowing of 66.6%. 4. Lenovo Group (00992.HK): Plans to issue US$2 billion in zero-coupon convertible bonds due in 2033; plans to simultaneously repurchase US$675 million in 2.50% convertible bonds due in 2029; and plans to conduct share repurchases in the market under its share repurchase authorization. 5. PATEO (02889.HK) signed a cooperation agreement with Fujian Fuyao University of Science and Technology; the two parties will conduct in-depth research on core materials for electro-optic modulators, silicon photonics integration, and fourth-generation semiconductors. 6. Shanghai Electric (02727.HK) subsidiary Yinghe Technology plans to acquire 100% of Anghua Automation's shares. 7. Jinhui Technology (08295.HK) issued a profit warning: it expects the net loss attributable to shareholders for the year to narrow year-on-year to no more than RMB 150 million.
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