Switzerland Financial News

Anthony Scaramucci, the founder and managing partner of hedge fund SkyBridge, remains bullish on Bitcoin saying the cryptocurrency has room to run in an interview with CNBC.

Govinda’s manager has reacted to accusations of the ‘Raja Babu’ star being unprofessional. In a recent interview, Vashu Bhagnani, the producer of the upcoming Akshay Kumar-Tiger Shroff-starrer ‘Bade Miya Chote Miya’ claimed that the superstar once took three days to show up at the set in Switzerland, but once he did, he finished most of his work within a day. The veteran producer revealed how director David Dhawan and his team waited for three days for Govinda to turn up at the set. When he didn’t he gave the actor a call. “I called him and asked, ‘If you are not going to come, then we will come back.’ He got upset and said I am coming. He landed at 6 am. I went to pick him up at the airport. He sat in the van and we were not talking to each other for 10-15 minutes. Then he said ‘I want to shave’ and I thought where we would find a place that’s open at 6 am. I took him to the petrol pump. We got a basic razor for one euro or something. In the bathroom there, he shaved quickly. At 7:30 am, he gave the first shot..” he revealed.

Thomas Siebel tells Maria Bartiromo artificial intelligence is the most rapidly growing segment of the information technology industry that people have seen in four decades at the World Economic Forums annual meeting in Davos, Switzerland.

Coubertin, the controversial founder of the modern Olympic Games, will have his own wax figure in Paris, the Grevin Museum has announced in the run-up to the sporting extravaganza. The wax likeness of the French baron, who was born in Paris in 1863, will be unveiled at the famed museum in July, before the start of the Olympic Games on July 26. The figure is being produced in the museum's workshops in the French capital's 13th district.

NEW DELHI : Nestle India’s board has approved a staggered increase in royalty payout to the company’s Swiss parent Société des Produits Nestlé S.A. The consumer goods company will hike its payout to Nestlé S.A.

A consortium of central banks worldwide, led by the Bank for International Settlements (BIS), announced a new initiative, “Project Agora,” to explore the potential of tokenization to enhance existing financial systems.

A group of Swiss and international investors representing billions of dollars of Credit Suisse AT1 bonds sued the Swiss regulator in April 2023 for the wipeout that followed the bank's acquisition by rival UBS in March last year. The AT1 bonds were issued by Credit Suisse as part of its capital structure to meet regulatory capital requirements. These had a clause allowing Swiss authorities to write them off regardless of what happened to the shares if the bank fell insolvent. Credit Suisse AT1 bondholders force Swiss regulator to hand over wipeout decree — reports However, the law ...

Either you adapt or you die - that’s the sentiment across the globe when it comes to the adoption of digital assets, including cryptocurrencies, by traditional banks.

At least half of adults in a range of major economies report being stressed about their personal finances, and say inflation is one of the main reasons.

In many ways, the recently concluded agreement between India and the European Free Trade Association (EFTA) is mainly a confidence building measure for India in the run-up to trade agreements likely to be pursued after general elections with the EU and UK. In most cases, the I-EFTA pact will have limited impact—India’s principal import from the four-nation group, gold, is not subject to pre-determined tariff reductions, while agricultural imports are excluded.

Cryptocurrencies have sparked a global debate on the future of financial transactions, with a particular focus on their integration into daily payments. 

Romania and Bulgaria partially joined Europe’s Schengen ID-check-free travel zone, marking a new step in the two countries’ integration with the European Union

Two managers of a Saudi oil exploration company were going on trial Monday in Switzerland for alleged fraud and money laundering over a scandal years ago linked to a Malaysian sovereign wealth fund that the U.S. Justice Department once described as the...

UBS on Tuesday announced a new share repurchase program of up to $2 billion, with up to $1 billion of that total expected to take place this year.

Yes Bank share price ended the day with gains of 5.4% on Monday. While the benchmark indices saw strong gains and Nifty-50 index gained 0.6% on positive cues, the strong investor sentiments on private banks were also reflected by 1.03% rise in Nifty Private Bank index.

Also Read: Rise of the uber-rich drives luxury brands in India Over a century ago, gold was perceived as a luxury item, reserved for special occasions and the affluent. However, today, it has transformed into a common household commodity, with widespread ownership and usage.

Microsoft will sell its chat and video app Teams separately from its Office product globally, the U.S. tech giant said on Monday, six months after it unbundled the two products in Europe in a bid to avert a possible EU antitrust fine. The European Commission has been investigating Microsoft's tying of Office and Teams since a 2020 complaint by Salesforce-owned competing workspace messaging app Slack.

IDFC First Bank, Indian Oil, Infosys, Zomato, JSW Steel will be in focus due to various news developments. Bank Of India Bank Of India has received a demand notice of just over Rs 1,000 crore from the assessment unit, Income Tax department, pertaining to AY 2016-17.

Infosys: The IT firm is set to receive a tax refund of ₹6,329 crore from the income tax department. However, the company is simultaneously facing a significant tax liability of ₹2,763 crore according to assessment orders. These orders are based on various provisions of the Income Tax Act of 1961.

Swiss National Bank became the first major industrial economy to unexpectedly reduce rates, raising the question whether the pivot has finally arrived for more central banks around the world to follow the example of its conservative European counterpart. Ahead of this week's scheduled review meeting of the Monetary Policy Committee (MPC), market watchers and investors are keen to know the timeline for India's rate easing cycle. However, the texture — and driver — of India's robust economic growth rates suggest their wait will perhaps be of some duration. The chances of a rate reduction in the first half of the fiscal year beginning Monday look wafer thin, with policymakers likely waiting for higher neutral rates before nudging the rate lever. The primary reason behind such overwhelmingly short odds on the 'higher-for-longer' rate trajectory is the nature of the ongoing economic expansion, which has made New Delhi a distinct outlier in a rather circumspect world. For more than 30 straight months, the gauges for purchasing managers have stayed in the expansionary mode, while the percolation effects of unprecedented capital expenditure in helping broad-base the texture of economic growth is becoming increasingly evident.

₹375 per bag, as per a recent report by ICICI Securities. This, even as input costs in terms of energy saw an uptick during this period. In May 2022, Adani spent $10.5 billion to buy Ambuja Cements Ltd and ACC Ltd from Switzerland's Holcim, becoming the country’s second-largest cement manufacturer, behind Aditya Birla’s Ultratech.