World Economy

SNB Reports Profit

SNB  Reports ProfitSNB  Reports Profit

The Swiss National Bank reported a profit equivalent to 23.6b euros ($29.7b) for the first nine months of the year on gains from currency trading and a rise in the value of its gold reserves, AFP reported. In terms of trading in forex, SNB made 9.7b francs, with losses on positions taken in euros more than outweighed by gains on other currencies.