Switzerland Financial News

The Queensland government will offer a $50 million support package to help the 1200 Glencore workers who will lose their jobs in 2025 when the global miner shuts down its copper mine operations in Mount Isa.

Karnataka Bank is set to recover more than half its dues this month-end from the debt sale of Coffee Day Global, said people aware of the development. The unlisted company operates the Cafe Coffee Day chain across India. The bank has received a binding offer from Rare Asset Reconstruction Company (ARC), triggering a Swiss challenge auction.

In Switzerland, for instance, a stablecoin tied to the Swiss franc provides investors with a reassuring sense of stability, as its value closely mirrors that of the national currency.

Swiss mining giant Glencore is set to close its copper mining operations in Mount Isa by the end of 2025 — which will result in the loss of about 1000 jobs — but it will keep its refinery and smelters open in Central Queensland.

While critics wrote off much of the initial hype surrounding the tokenized real-world asset (RWA) market, the sector has been on a tear over the past year or so. In fact, Boston Consulting Group expects the tokenization of global illiquid assets to be a $16 trillion industry by the end of the decade.

South Korea's leading cryptocurrency exchange Upbit by volume has secured in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). 

The Singapore entity for Upbit, South Korea’s largest exchange by volume, has been given in-principal approval for a Major Payment Institution (MPI) license in Singapore.

Sir Jim Ratcliffe Poised to Assume Control of Manchester United Operations In a significant development for Manchester United, lifelong fan and British billionaire Sir Jim Ratcliffe is on the cusp of securing a pivotal role within the club's management structure. Reports suggest that Ratcliffe is set to acquire a substantial 25% stake in the Premier League giants, with a staggering £1.4 billion deal expected to be finalized imminently. Ratcliffe had been engaged in a bidding war with Qatari Sheikh Jassim for ownership of the club, but emerged as the sole front runner following Jassim's withdrawal of his offer on Saturday night.

RBI Governor Shaktikanta Das, two other central bankers- Thomas J. Jordan of Switzerland and Nguyen Thi Hong of Vietnam earned an ‘A+’ grade in the Global Finance Central Banker Report Cards 2023. "The Bank Governors who earned an ‘A+’ grade in the Global Finance Central Banker Report Cards 2023 are Shaktikanta Das from India, Thomas J.

Swiss institutional crypto infrastructure firm Taurus SA has been expanding its presence in Europe with the opening of two new offices in the United Kingdom and France.

Gala Games (GALA) is once again in trouble as price action struggles to push back up above the 20DMA, however, a new partnership with an emerging regenerative agriculture documentary featuring Woody Harrelson could trigger renewed interest in the fleeting project.

currency manipulators should be reviewed, said India’s central bank governor, who defended the need to buttress their economies from market swings. “There has to be a two-sided appreciation of the challenges” emerging markets face dealing with spillover effects of advanced economy policies, Reserve Bank of India Governor Shaktikanta Das said Thursday at the annual meetings of the International Monetary Fund and World Bank in Marrakech, Morocco. India was most recently on the US Treasury’s watchlist as a potential currency manipulator in late 2020 and was removed two years later. In its June update, Treasury didn’t label any major trading partner as a manipulator, however seven economies remained on its monitoring list including China, Germany and Switzerland. India’s central bank has been one of the most active dollar buyers in the market in recent years as it seeks to build reserves to fend off any speculative attack on the currency.

Earlier this month, Swiss investment bank UBS launched a “tokenised” investment fund under a pilot project being run by the Monetary Authority of Singapore.

It appears Rugby Australia’s funding efforts have progressed well into the second half.

Bitcoin (BTC) faced a 4.9% correction in the four days following the failure to break the $28,000 resistance on Oct. 8, and derivatives metrics show fear is dominating sentiment in the market, but will it be enough to shake Bitcoin price from its current range?

FRANKFURT (Reuters) — Lufthansa on Thursday extended its suspension of flights to Israel until Oct. 22 over security concerns, the company said.

Swiss private equity firm EQT Partners’ dealmakers are redirecting their energies to the debt financing for VetPartners, now that they’ve fended off rival bidders with their winning $1.4 billion bid. 

Romain Miginiac (pictured) has worked at Atlanticomnium since 2018.

(Reuters) — Air Canada has been sued by Miami-based transport and security services provider Brink's, which alleged the airline of «negligence and carelessness» related to a gold and cash heist at a Toronto cargo facility in April, a court filing showed.

It’s back to the future at Adore Beauty, which floated at $6.75 a share three years ago and sunk to just 82¢ as of Wednesday evening.

By Robert Harvey