Switzerland Financial News
06.12 / 23:33
06.12 / 15:13
06.12 / 08:55
Remark
WhatsApp
Healthcare
Experts
performer
reports
Nifty vs global peers: 10% uptick from November lows, but was it the top performer?
Nifty recorded a new all-time high daily in December, the 50-stock index was still not among the top-performing global indices in November, falling behind benchmark indices in developed markets viz US, UK, Japan, France, Switzerland and Germany. Among the emerging markets, Nifty was behind Taiwan, Korea, Brazil, and South Africa while remaining ahead of China. Nifty rose 5.5% in November, witnessing a turnaround after hitting a low of 18,989.15 on November 1, led by gains in auto, healthcare, and realty stocks.
05.12 / 19:33
crypto tax
Crypto Adoption
The City of Lugano Drives Crypto Adoption, Accepts Bitcoin and Tether for Tax Payments
The city of Lugano, Switzerland made a bold move to drive cryptocurrency adoption by announcing today that it will now accept tax payments in Bitcoin (BTC) and Tether (USDT). As of today, Lugano’s citizens and companies can use the two digital currencies to pay any municipal invoice, including property and income taxes.
05.12 / 17:19
Citi
FIVE
CEO
President
2020
Tokyo Olympics sullied by bid-rigging, bribery trials more than 2 years after the Games closed
The bid-rigging trial around the Tokyo Olympics is playing out in a Japanese courtroom — more than two years after the Games closed — with advertising giant Dentsu and five other companies facing criminal charges
05.12 / 14:51
US
companies
Us Treasury
Fine
Pictet to pay $123m for 'hiding' $5.6bn in offshore accounts
Pictet was accused of setting up 1,637 secret bank accounts in Switzerland on behalf of US taxpayer clients, which enabled them to evade $50.6m in taxes between 2008 and 2014.
05.12 / 10:35
Cooper
Action
show
country
Indian banks continue to stand healthy, strong and resilient: FM Sitharaman
Nirmala Sitharaman said on Tuesday that amidst the global turmoil and sorry state of affairs as regards the banking systems, the Indian banks continue to stand healthy, strong, and resilient. The finance minister noted that banks have recovered Rs 33,801 crore from wilful defaulters by March 31, 2023, and efforts are underway to tackle wilful defaults and reclaim funds «In our country, not only the non-performing assets (NPAs) are coming down, but also the profit margins are going up,» she said while replying to a question in the Rajya Sabha. Sitharaman observed that even when last year, major bank collapses happened in the USA, Switzerland and Germany, India is showing NPAs coming down year after year.
05.12 / 09:25
ETP
2024
Swiss Crypto firm Valour to Introduce 20 New Crypto ETPs in 2024
Valour, a subsidiary of DeFi Technologies, has revealed plans to introduce 20 new crypto exchange-traded products (ETPs).
04.12 / 22:21
Credit Suisse reinstates independent reviewer on Nazi account probe
NEW YORK (Reuters) — Credit Suisse has reinstated an independent reviewer to oversee an investigation into the servicing of Nazi clients and Nazi-linked accounts, according to U.S. lawmakers who have probed the issue.
04.12 / 13:11
patient
Roche to acquire obesity drug maker Carmot in $3.1 billion deal
Biotechnology giant Roche (OTC:RHHBY)) will acquire obesity drug maker Carmot Therapeutics in a $3.1 billion deal, it was announced Monday.
04.12 / 08:31
02.12 / 11:09
Citi
ICE
Southern
reports
travelers
Snowstorm brings Munich airport to standstill and causes travel chaos in Germany
Munich's airport Saturday after a winter storm dumped snow across southern Germany and parts of Austria and Switzerland, affecting travel across the region. After initially announcing a halt in air traffic until noon on Saturday, the airport later announced flights would be cancelled until 6 am Sunday.
02.12 / 09:05
ETH
Extreme
Simulation
show
consequences
testing
How to predict record-shattering weather events
heatwave of 2021 was one of the most extreme deviations from meteorological norms ever recorded, anywhere. But others have come close. As the world gets hotter, phenomena once considered rare are becoming common and others, believed impossible, are happening.
01.12 / 03:33
BTC
Digital
Racing
Align
BlackRock
Bitcoin
Bitcoin Price Prediction as Recent Struggle at $38,000 Continues – Can BTC Overcome the November Ceiling?
As Bitcoin oscillates around the $37,872 mark, down by a marginal 0.20% on Thursday, investors and traders alike are closely monitoring its performance against a backdrop of evolving market dynamics.
01.12 / 01:07
banking
ABU DHABI
Seba Bank
SEBA Bank Rebrands to AMINA Bank, Shoots for Global Expansion
Crypto-friendly Swiss-based SEBA Bank AG has announced its new brand identity: AMINA Bank AG.
30.11 / 13:39
Booking
Ripple
Morningstar
President
stage
cover
social
What one Swiss bank's troubles can tell us about market vulnerabilities — and social media
The share price of Julius Baer plummeted after the Swiss private bank disclosed 606 million Swiss francs ($692.7 million) of loan exposure to a single conglomerate client.
30.11 / 10:58
Provident
Target
BLOCK
Digital
Platform
track
information
ad
Meta Platforms' ad-free service targeted in EU consumer complaint
Meta Platforms' advertising-free subscription service, a fee-based offering rolled out in Europe this month, breaches EU consumer laws, Europe's largest consumer group said on Thursday as it took its grievance to consumer protection authorities. The joint complaint from the European Consumer Organisation (BEUC) and 18 of its members to the network of consumer protection authorities (CPC) came two days after advocacy group NOYB filed a complaint with the Austrian privacy watchdog, saying Meta's new service amounted to paying a fee to ensure privacy.
30.11 / 07:51
Citi
reports
cost-of-living crisis
Global cost-of-living crisis continues as prices rise; Singapore, Zurich on top: EIU
Geneva, New York and Hong Kong, the Economist Intelligence Unit (EIU) said on Thursday as it cautioned that the global cost-of-living crisis was not yet over. On average, prices have risen by 7.4% year on year in local currency terms for over 200 commonly used goods and services, a drop from the record 8.1% increase last year but still "significantly higher than the trend in 2017-2021," it said in a report.
30.11 / 05:11
ETF
SEC
Racing
coinbase
us sec
Bitcoin
Bitcoin Etf
SEC decision
US Spot Bitcoin ETF Market Sees New Entrant as SEC Decision Looms
Switzerland-based Pando Asset has emerged as the latest contender in the race to launch a spot Bitcoin ETF in the United States.
30.11 / 01:11
Enterprise
Experts
Piramal can get back 75% at least of Rs 600-cr loan
Piramal Group has received a binding bid for the sale of Tridhaatu Realty from CFM ARC, ensuring a minimum recovery of 75% in the structured deal. CFM ARC offered to pay ₹450 crore for the ₹600-crore bad loan, in a 15:85 structure, with 15% in cash and the remaining in security receipts.
30.11 / 00:51
business
SEC
Bitcoin
Bitcoin ETF race gets 13th entrant, BlackRock revises ETF model
Swiss asset manager Pando Asset has become an unexpected late entrant into the spot Bitcoin (BTC) exchange-traded fund (ETF) race in the United States.
breaking news about Switzerland
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In Switzerland, the spotlight is on local government initiatives that spark public discussion.
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