Australiaswiss

US Trade Representative Jamieson Greer discusses the Section 301 investigation on Brazil and says the US is now in a trade surplus with Switzerland. Speaking with Bloomberg's David Gura on "Asia Trade," Greer also says China's compliance is not perfect, when asked about a bilateral rare earths pact.

US Vice President JD Vance said talks with Iran over the weekend were "very, very good," as the sides attempt to reach a peace deal within two months and formally end a war. Vance says a key point was building a mechanism to keep the Strait of Hormuz open. He spoke to reporters in Emmen, Switzerland where talks are being held.

JD Vance has flown into Switzerland to join Donald Trump’s envoys in 60‑day roadmap talks with Iran, after Pakistan and Qatar said negotiations were making “positive progress” on nukes and sanctions.

Hong Kong has overtaken Switzerland as the world’s largest cross‑border wealth centre, holding about US$2.95 trillion of foreign assets compared with Switzerland’s US$2.94 trillion.

Swiss voters rejected a proposal to cap the country's population at 10 million people as economic risks overcame elevated concerns about immigration. A 55% majority accepted warnings from companies and the government that the proposal would have a long-term negative impact on growth. Bloomberg's Bastian Benrath-Wright reports.

If Switzerland votes to cap the population at 10 million inhabitants, this could severely impact labor-intensive sectors like restaurants, construction, and healthcare, as well as innovative sectors like scientific research and product development, all of which depend 'heavily' on foreign workers, says Rudolf Minsch, Chief Economist at Swiss business sector umbrella organization Economiesuisse. He spoke on 'The Pulse with Francine Lacqua' on Bloomberg TV.

Richemont's full-year sales rose more than expected as shoppers splurged on its pricey Cartier jewelry. Sales climbed 11% on a constant currency basis in the fiscal year ended in March, compared with the 9.78% estimate of analysts surveyed by Bloomberg. Bloomberg Opinion's Andrea Felsted has more. Her opinions are her own.

UBS Group AG Chief Executive Officer Sergio Ermotti discusses the bank's intention to add to the $3 billion tally of share buybacks this year. Speaking to Bloomberg's Guy Johnson, Ermotti says the lender believes it's going to complete the $3 billion buyback "by the end of July."

A group of influential Swiss lawmakers proposed watering down the capital demands that the country wants to impose on UBS Group AG, sending shares to a 17-year high as investors bet the initiative will ultimately pave the way for a compromise. UBS had said the original plan could hurt the bank and economy. Bloomberg's Sridhar Natarajan reports.