Switzerland Financial News

16.04 / 09:15

UPS FIVE Strategy stars GAM appoints Liontrust as delegated manager of Star Alpha Technology strategy

The Swiss firm told Investment Week that the changes will come into effect on or around 6 May 2024, with no impact on the day-to-day management or the strategy. Hawtin currently leads the global growth equity team at GAM, having worked at the firm since September 2008. He became the sole manager of the $36.6m Star Alpha Technology fund in 2010. Liontrust raids GAM for team heads as outflows persist According to FE fundinfo, the fund has gained 53.7% over the past five years, while the IA Specialist sector is up 29.7%. In the past year, it is up 23.5%, while the sector has returned...

15.04 / 12:59

markets Digital ETF Digital Asset Trade Bitcoin spot ETF Investor Caution Persists as Digital Asset Investment Products See $126M in Outflows

Digital asset investment products witnessed minor outflows amounting to $126 million in the past week as investors displayed hesitancy amidst a stalled positive price momentum.

15.04 / 03:29

Target Reuters country evacuation Did Iran warn the US before launching attacks on Israel? Iranian foreign minister says...

missiles attack before 72 hours of its launch, said Turkish, Jordanian and Iraqi officials said on Sunday. “Iran gave neighboring countries and Israel's ally the United States 72 hours' notice it would launch the strikes," said Iranian foreign minister Hossein Amirabdollahian as quoted by Reuters. However, a senior official in the Biden administration stated that Tehran did not warn about the attack and that it was aiming to cause a significant damage.

15.04 / 01:51

Target country information rights Updates Israel warns Iran after attack: 'We will exact the price when...'

Iranian drone and missile attack. In an official statement, Gantz said, “We will build a regional coalition and exact the price from Iran in the fashion and timing that is right for us." Iran on Saturday launched over 300 missiles at Israel in revenge on its embassy in Syria which claimed the lives of its officials including a senior commander of the Iranian Revolutionary Guard Corps' overseas Quds Force. However, Israel claimed that it intercepted ‘nearly all’ missiles launched by Iran.

13.04 / 19:23

UPS security reports International Biden cuts weekend trip short for urgent Middle East consultations

Joe Biden cut short a weekend trip to Delaware on Saturday for urgent consultations in Washington on the Middle East, the White House said, as tensions soar amid growing fears of an attack on Israel. Iran has vowed retaliation after a presumed Israeli strike on April 1 leveled an Iranian diplomatic building in Damascus, killing seven members of the elite Revolutionary Guards including two generals.

12.04 / 17:07

markets Strategy Pictet AM nears peak AT1 bonds allocation as banks recover from 2023 crisis

The $252bn asset manager slashed its AT1 bond exposure at the end of February last year, just weeks before the government-backed takeover of Credit Suisse by UBS led the Swiss regulator to wipe out $17bn worth of the struggling bank's AT1 bonds. This led to some market participants to deem the AT1 bonds market — which at the time held $260bn in assets — 'uninvestable', while other investors perceived the sell-off as a buying opportunity. Government-supported buyout wipes out $17bn in Credit Suisse bonds Pictet began adding AT1s back into its key long strategies in November, jumping...

12.04 / 05:25

Man Death beautiful cover Inside reports curling Woman, 22, found dead of blood loss, neck wound in abandoned Italian church

A 22-year-old French woman was found dead in an abandoned and deconsecrated church in northern Italy last week after bleeding out from a deep wound to her neck.

11.04 / 18:09

markets COST economy President wrestling As world's central banks wrestle with when to cut rates, Europe signals it's ready to move

The European Central Bank has opened the door for an interest rate cut as early as its June meeting

11.04 / 09:23

markets economy Boxing country reports recommendations politician 'Lose-lose situation': New Swiss bank laws could derail UBS' challenge to Wall Street giants

Switzerland's tough new banking regulations create a «lose-lose situation» for UBS and may limit its potential to challenge Wall Street giants, according to Beat Wittmann, partner at Zurich-based Porta Advisors.

11.04 / 03:01

markets economy Fallout reports Scandals Switzerland lays out new 'too big to fail' rules in wake of Credit Suisse banking turmoil last year

The Swiss government has announced steps to bolster its “too big to fail” rules aimed to avoid potentially disastrous fallout from banking sector turmoil

10.04 / 19:21

Provident Cooper Action Trade reports Investigations International UBS could face higher capital rules under Swiss reforms

UBS Group faces a “substantial” increase in regulatory capital requirements under reforms that the Swiss government is advocating for in the wake of the collapse of Credit Suisse.

10.04 / 18:17

COST Citizens Action Equality Courts rights Changing climate on climate action

Human Rights' (ECtHR) ruling on Tuesday in the case brought by Verein KlimaSeniorinnen Schweiz, a Swiss association of women senior citizens, breaks new ground by linking climate change to infringement of human rights, to the obligation of states to protect fundamental rights. The verdict makes it the state's duty to act to limit climate change.

10.04 / 13:11

UPS Target economy country reports recommendations International UBS to face tougher rules in Swiss response to Credit Suisse rescue

UBS and three other systemically relevant banks must face tougher capital requirements to shield the country's wider economy, a year after the rescue of Credit Suisse. In 209 pages of recommendations on how to police banks deemed «too big to fail» (TBTF), the Swiss government pitched 22 measures for direct implementation. It stopped short of saying how far stricter capital requirements should go.

10.04 / 09:34

Action Experts country consequences Courts rights International Verdict saying Switzerland violated rights by failing on climate action could ripple across Europe

Europe’s highest human rights court has ruled that its member nations must better protect their citizens from the consequences of climate change

10.04 / 07:21

markets Digital Europe security Bitcoin show KPMG Survey Shows Germany Warming Up to Crypto Again

Investors in Germany are regaining optimism and confidence in crypto following a challenging period for the market last year. Still, some reservations persist.

09.04 / 17:25

markets UPS Citi CEO Invesco BlackRock trends IndusInd, Invesco sign mutual fund JV

MUMBAI : To capitalize on the country’s rising equity investment trend, especially through mutual funds, IndusInd International Holdings Ltd. (IIHL), a Mauritius-based investment firm led by the Hinduja brothers, said on Tuesday it has entered into an asset management joint venture with Atlanta-based fund management group Invesco Ltd.

09.04 / 16:27

markets Provident Google Mobile Interface 2020 Paytm's share in UPI market declines to 9% in March, lowest in last 4 years: NPCI data

Paytm app, witnessed a decline in its unified payments interface (UPI) market share, dropping to nine percent in March, according to data available on NPCI, as quoted by Moneycontrol. This marks its lowest level in the past four years. The decrease follows a drop to 11 percent in February, down from the previous month, attributed to regulatory restrictions imposed on its affiliate, Paytm Payments Bank Limited (PPBL), by the Reserve Bank of India (RBI).

09.04 / 13:37

markets Invesco International IndusInd Intl Holdings forms JV with Invesco Mutual Fund

MUMBAI : IndusInd International Holdings Ltd, a Mauritius-based investment firm led by the Hinduja brothers, has agreed to acquire a 60% stake in Invesco Asset Management India Ltd to form an asset management joint venture. Other deal terms weren’t disclosed.

08.04 / 17:27

markets Strategy economy Election Research show performer Rate-cut delays could mean dollar stays stronger for longer

Further signs of a solid U.S. economy and potential delays to anticipated interest-rate cuts could prolong the dollar’s strength, analysts said. Many analysts and fund managers have been anticipating that the dollar would fall this year as the Federal Reserve starts to cut interest rates, but rate-cut expectations have been trimmed back sharply recently while U.S.

08.04 / 14:45

Digital Asset Crypto Adoption spot ETF Digital Asset Investment Products Attract $646M, Pushing YTD Inflows to Record $13.8B

Investor interest in digital asset investment products remains strong as evidenced by the recent inflows into various digital asset investment products.

08.04 / 10:51

markets MET economy DISH Trade testing Relationships Yellen’s tough message to China on exports tests fragile detente

BEIJING—When Treasury Secretary Janet Yellen met her Chinese counterpart in Switzerland early last year, she tiptoed around controversial issues, only raising trade disagreements during a brief, one-on-one coffee break with Liu He, then China’s vice premier, according to people familiar with the meeting. In China over the past few days, Yellen wasn’t so shy. She hammered Chinese officials for exporting too many clean-energy goods, warning regional officials, as well as Vice Premier He Lifeng and Premier Li Qiang, to scale back industrial production.

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