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ING analyst Chris Turner says that if the Swiss National Bank (SNB) maintains zero rates this year, the Swiss franc could weaken further. Rising oil prices are lifting global interest rates while Switzerland’s low-rate environment makes the franc a l

2026-07-28

ING analyst Chris Turner says that if the Swiss National Bank (SNB) maintains zero rates this year, the Swiss franc could weaken further. Rising oil prices are lifting global interest rates while Switzerland’s low-rate environment makes the franc a likely funding currency for carry trades. Turner adds that if the Federal Reserve hikes on Wednesday, USD/CHF could trade up to 0.85 in August.

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2026-07-28

Saipem's CEO said the company believes it can recover most of the additional costs related to the Middle East crisis.

Saipem's CEO said the company believes it can recover most of the additional costs related to the Middle East crisis.
2026-07-28

The Hong Kong SAR government and China’s Ministry of Industry and Information Technology (MIIT) signed a cooperation agreement on 28 July at the SAR headquarters government to jointly establish a national manufacturing innovation center in Hong Kong.

The Hong Kong SAR government and China’s Ministry of Industry and Information Technology (MIIT) signed a cooperation agreement on 28 July at the SAR headquarters government to jointly establish a national manufacturing innovation center in Hong Kong. Hong Kong’s fiscal budget proposal has proposed reserving funds to build the first overseas national manufacturing innovation center, aimed at driving key technology breakthroughs, accelerating commercialization of results and attracting international talent. The government has backed the Hong Kong Microelectronics R&D Institute to lead operation of the center, aligning the project with national technology and industrial priorities and leveraging Hong Kong’s existing semiconductor ecosystem.
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