The launch feeds into an effort to establish the state as a corporate mecca with a new bourse trading equities in Dallas

IIF warns countries will have to allocate more to interest expenses as debt as a share of GDP starts to rise again

Investors big and small are wagering hundreds of billions of dollars on market moves

The postwar Swiss economy was largely driven by high-value exports like precision tools and watches. This worked well in the Bretton Woods system of fixed exchange rates that defined much of the postwar era. But when U.S. President Richard Nixon suspended the conversion of dollars into gold in 1971, currencies gradually began to “float” against one another. The dollar went into a steep decline.