Switzerland Financial News

06.08 / 12:36

markets UPS Analysis Trade President show ‘Turnaround Tuesday’ doesn’t guarantee end to market rout

It’s an old cliché but the phenomenon known as Turnaround Tuesday — when markets rebound from a selloff at the start of the week — is an opportunity that shows up time and again in the data. The bad news is such recoveries don’t guarantee a bottom has been reached.

06.08 / 10:30

markets UPS Analysis Trade President show A ‘textbook turnaround Tuesday’ doesn’t mean meltdown is over

Turnaround Tuesday — when markets rebound from a selloff at the start of the week — is an opportunity that shows up time and again in the data. The bad news is such recoveries don’t guarantee a bottom has been reached. Investor psychology during a rout tends to begin with jitters on Thursday, hedging on Friday and all-out selling on Monday, according to Brent Donnelly, veteran trader and president of trading analysis firm Spectra Markets. By Tuesday, the downdraft is primed for a reversal, he wrote in a note published Monday.

06.08 / 10:05

markets Binance Digital Platform show reports India’s GST Intelligence Unit Issues Notice to Binance, Demanding Tax Payment: Sources

Global crypto exchange behemoth Binance is reportedly facing goods and service tax (GST) issues in India, according to sources.

06.08 / 08:02

CoinShares earnings CoinShares Reports Positive Q2 Earnings, Despite Flowbank Bankruptcy

Crypto asset manager CoinShares, reported positive financial results for the second quarter of 2024, showing a significant increase in revenue despite facing challenges including the FlowBank bankruptcy.

06.08 / 01:36

Justice country Department prevention International Commodities giant Glencore is ordered to pay over $150M in wake of Congo mining bribery case

Federal prosecutors in Switzerland say they have found Glencore’s international unit “criminally liable” and ordered the commodities giant to pay over $150 million in fines and compensation after ending a probe of bribery involving Congo’s mining industry

05.08 / 15:50

markets UPS Extreme economy Trade show reports Stocks are crashing—that’s a great reason to sit tight

The red numbers in your 401(k) today might appear to vindicate warnings about an artificial-intelligence bubble and infirm economy. But don’t start tilting your portfolio toward full pessimism just yet. The S&P 500 opened down about 4% Monday, with the Nasdaq falling a larger 6%.

05.08 / 14:20

markets Ethereum BTC Digital ETF Digital Asset Recession Digital Asset Products See $528M in Outflows Amid US Recession Fears: CoinShares

Digital asset investment products saw outflows amounting to $528 million last week, marking the first downturn in four weeks.

05.08 / 08:13

Provident Extreme CEO UBP acquires Kleinwort Hambros as part of Societe Generale deal

Both transactions are forecast to be completed by the end of the first quarter of 2025 and will see UBP's assets under management swell by more than CHF 25bn. UBP said the Societe Generale's Swiss private banking branch and UK wealth management arm «have long been recognised throughout the industry», and added it hopes the acquisitions will complement the existing expertise within the firm. UBP poaches Brown Shipley investment adviser Guy de Picciotto, CEO of UBP, said «We are extremely pleased to onboard skilled and experienced teams, and are looking forward to providing clients ...

05.08 / 05:38

Target CEO Action economy country International Climate action: India Inc may have a fair shot at global green leadership

Sumant Sinha, chairman and managing director of Gurgaon-based ReNew, was recently appointed co-chair of the Switzerland-based Alliance of CEO Climate Leaders. This private sector collective has about 130 global chief executive officers from 26 countries representing 12 industries. Apart from ReNew, at an institutional level, there are eight other Indian companies that are part of this group.

04.08 / 13:43

markets economy Election trends show performer Slowdown, likely rate cut in US will drive foreign investment to India: Experts

Fitch Ratings noted that elevated interest rates in the US since 2023 have begun to show some effect on the labour market and demand. Adding to worries, the global rating agency said politics remains an area of high uncertainty, with geopolitical risks here to stay. The rating agency noted that signs of a slowdown in the US are evident in weak credit growth and slowing consumer spending. This trend is expected to continue in the second half of 2024, with real GDP growth decelerating, though likely remaining above recession territory.

30.07 / 23:32

Blockchain Provident coinbase security Funding Venture Capital reports Anoma Foundation Targets $1 Billion Valuation Amid Crypto Funding Surge

Crypto infrastructure provider Anoma Foundation is seeking a $1 billion valuation through a new $40 million funding round.

30.07 / 22:47

UPS Citi Fallout reports Courts International Court tosses elderly Hermes heir’s $13B fraud claim against ex-wealth manager

An octogenarian heir to the Hermès luxury fortune, who sparked controversy last year over a plan to leave his money to his gardener, may not have much to give away after all.

30.07 / 12:34

IPO Target Enterprise Food country reports Adani Wilmar may acquire regional companies in kitchen essentials space

Mint Tuesday. “We are very eager to do it. Maybe by the year end, if we can." The acquisitions would be in the kitchen essentials space, he said, adding that more targets are available among regional companies.

30.07 / 11:38

Airlines Food Healthcare prevention Airline catering company reaches tentative agreement with workers who had threatened to strike

Airline catering company Gategourmet and unions representing about 8,000 workers say they have a tentative agreement on a new contract

30.07 / 08:25

UPS CEO WhatsApp President Global content studio Dori Media sets up shop in India

Dori Media Group (DMG), the global studio behind global hits like Losing Alice, Lalola, The New Black, In Treatment, and Power Couple, has opened its first sales office in India, joining its existing global branches in Israel, Spain, Switzerland, and Argentina. “We’re thrilled to have someone with Devdatta’s tremendous industry experience joining our team at Dori Media and helping us further expand our global sales reach,” said Nadav Palti, CEO & President of Dori Media Group. “We’ve been successfully selling content in India for years now, and the dynamic growth that we’ve seen in that marketplace recently made it a no-brainer for us to open an office in Mumbai.”

29.07 / 14:46

Airlines Fallout Food travelers Airline catering workers threaten to strike as soon as next week without agreement on new contract

Airline catering workers are threatening to go on strike next week if they don't get pay raises and better health insurance

27.07 / 20:20

FIFA SPY Courts Scandals FIFA strips Canada of 6 points in Olympic soccer, coaches banned a year in drone spying scandal

Paris Olympics women’s soccer tournament and banned three coaches for one year each on Saturday in a drone spying scandal.The stunning swath of punishments include a 200,000 Swiss francs ($226,000) fine for the Canadian soccer federation in a case that has spiralled at the Summer Games.Two assistant coaches were caught using drones to spy on opponent New Zealand’s practices before their opening game last Wednesday.Head coach Bev Priestman, who led Canada to the Olympic title in Tokyo in 2021, already was suspended by the national soccer federation then removed from the Olympic tournament.

27.07 / 12:38

FIVE WhatsApp Opinion Experts information recommendations Dr Reddy’s Laboratories board announces 1:5 stock split

stock in the ratio of 1:5 meaning that for each stock with a face value of Rs 5, there will now be 5 shares with a face value of Re 1. “Sub-division/ split of each equity share of the Company having face value of Rs.5/- (Rupees five only) each, fully paid-up, into 5 (Five) equity shares having face value of Re.1/- (Rupee one only) each, fully paid-up, by alteration of the Capital Clause of the Memorandum of Association of the Company,” the company informed the exchanges.

26.07 / 13:56

Metaplanet Metaplanet Acquires Bitcoin Magazine Rights to Operate in Japan

Japanese investment giant Metaplanet has signed a memorandum of understanding with Bitcoin Magazine to expand the magazine’s reach in Japan.

26.07 / 01:27

markets Platform economy wellness country social reports Luxury watchmakers pivot to India amid slump in Chinese market

Raynald Aeschlimann, president and chief executive officer of watch company Omega, owned by the Swatch Group AG, spoke exclusively to Mint virtually about India as a market and the promise it holds. For the entire group, South Korea, India and the United Arab Emirates also considerably outperformed the previous year. The shift away from China—the largest consumer of luxury in the world—has impacted Swatch, Omega's parent, which reported lower half-yearly sales from a year ago.

25.07 / 17:47

Hallmark Infinity Boxing Celebrity beautiful travelers Features Rakhi gifts for married sisters for a thoughtful and memorable celebration

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