Switzerland Financial News

30.07 / 17:05

Continental IOA asks Randhir Singh to continue as OCA's acting president, will helm Asiad

Randhir Singh will be in charge of the Olympic Council of Asia during the upcoming Asian Games in Hangzhou, China after the International Olympic Committee refused to recognise the recent election at OCA. The IOA has asked Randhir to continue discharging his duties as the acting president of the OCA.

30.07 / 05:51

COST UBS show country cover Europe's banks could survive a drastic economic downturn, stress test shows

The European Central Bank says the banking sector could withstand a severe economic downturn without depleting their financial buffers against losses

30.07 / 04:57

Google Celebrity stage country Google Doodle celebrates Women's Fifa World Cup 2023

Google is celebrating the Fifa Women's World Cup with a special doodle released on Sunday. Google's latest doodle will only be available in select countries including Canada, Iceland, Cuba, Costa Rica, United Kingdom, Ireland, Norway, Latvia, Germany, Italy, Bulgaria, Spain, Armenia, Zambia, Nigeria, Japan, Philippines, Australia and New Zealand. The search giant had announced a special multiplayer game to commemorate the opening day of the FIFA Women's World Cup on July 20.

29.07 / 14:25

Booking Man Manufacturing LGBT Apple BURST film Patricia The Beanie Bubble: Who are Ty Warner and Patricia Roche? Meet the real people from the film

Beanie Bubble, a film based on American businessman Ty Warner and his then-girlfriend and business partner Patricia Roche, premiered on July 28, 2023, on Apple TV+. The film is written by Al Gore’s daughter Kristin Gore, and co-directed by her with Damian Kulash. Let’s know more about Ty Warner and Patricia Roche, and the movie The Beanie Bubble.

29.07 / 01:45

UBS UBS Credit Suisse merger: UBS to fire hundreds of Credit Suisse bankers — report

UBS Credit Suisse merger layoffs: More than hundred Credit Suisse investment bankers might have to face the layoff challenge in near ter. As per the Swiss weekly HandelsZeitung report published on Friday, UBS has begun the implementation of UBS Credit Suisse merger plans. In this exercise, UBS may fire investment bankers of Credit Suisse.

28.07 / 20:20

COST UPS Manufacturing Nestle show Food inflation here to stay, but demand to drive India story: Suresh Narayanan, chairman Nestle India

Food inflation is here to stay, but consumption will be the centrepiece of the India growth story, Suresh Narayanan, chairman of Nestle India, said at a round table on Friday. «Consumption will be the centrepiece of India's GDP growth. We will keep having blips up and down, but companies have to have a different mindset on how to engage with consumers,» Narayanan said.

28.07 / 16:33

Art CEO film Instagram love star beautiful Ferrari Seal Michelle Yeoh and Ex-Ferrari CEO Jean Todt seal their love after 19-year engagement with a romantic wedding

Yeoh, the renowned Everything Everywhere All at Once star, finally exchanged vows with her long-time partner, ex-Ferrari CEO Jean Todt. The couple's 19-year engagement culminated in a beautiful wedding ceremony held in Geneva, Switzerland, on July 26th.

28.07 / 12:01

UPS Cartier Rolex show performer track Wristy business? Luxury watch market favors the mid-tier

Some mid-tier priced luxury watches including models by Omega and Cartier outperformed as prices for the most popular and higher-end Rolex, Patek Philippe and Audemars Piguet models kept falling on the secondary market.

28.07 / 11:23

UPS Manufacturing Nestle Nescafe stage country Nestle investing Rs 4,200 crore by 2025, to set up its 10th factory in Odisha

Nestle India has «strong commitments» for local manufacturing with plans to invest Rs 4,200 crore by 2025, including in its 10th plant in the country at Odisha, its Chairman and Managing Director Suresh Narayanan said on Friday. Nestle India, the maker of popular Maggi noodles, KitKat chocolate and Nescafe, is investing to create capacity as it sees «fairly robust» demand in coming years in the Indian market. «The investments done are fairly significant… till the first half of 2023, about Rs 2,100 crore already been invested on capital investments,» said Narayanan in a media roundtable here.

28.07 / 08:15

companies Acquisition liontrust GAM Bruellan NewGAMe Liontrust further extends GAM offer period

GAM shareholders will have until 4 August to tender their shares to Liontrust's offer.

28.07 / 06:50

Takeover Liontrust extends deadline on GAM takeover again

Liontrust has pushed back the deadline for investors to accept its takeover of GAM again.

27.07 / 18:57

BLOCK Align stage IFCI puts ₹455-cr EMC loan on the block

IFCI has put on sale ₹455 crore of total outstanding loans of EMC, a power transmission company. The lender has invited bids from investors and set the anchor bid at ₹140 crore, aiming for a recovery of 31%. The base bid has been structured as ₹140 crore in an all-cash deal, which the winning bidder must pay within 90 days.

27.07 / 13:23

Cooper Remark country National Sweden, Finland and Switzerland are considering security links with US National Guard

Finland and Sweden are considering joining the US National Guard's security partnership program in a further expansion of American military ties across Europe after Russia's invasion of Ukraine. The chief of the National Guard, Gen. Dan Hokanson, was expected to announce the discussions with each country, which have not previously been reported, in remarks at the National Press Club on Thursday.

27.07 / 12:45

FIVE Enterprise Barclays, Deutsche Bank, StanChart in talks with Adani to lend upto $750 mn for Ambuja Cements debt

Ambuja Cements Ltd., said a report by Bloomberg onThursday. The loan would be syndicated, said the report citing people familiar with the matter. The talks haven’t yet concluded, and the amounts could still change, said the report.

27.07 / 10:03

exit dealmaking Credit Suisse energy dealmaking head Bedina hired by Santander in latest exit

A senior Credit Suisse dealmaker who only joined the Swiss bank last year has quit to join Santander in another exit to the Spanish lender.

27.07 / 07:31

companies Acquisition liontrust GAM NewGAMe Albert Saporta letter open 'Infuriated' GAM investor group hits back at Liontrust in emotional open letter to shareholders

This was the latest in an ongoing pushback from NewGAMe over Liontrust's acquisition of the Swiss firm, which it claims undervalues GAM at CHF 107m (£96m).

27.07 / 07:17

UPS Compilation Building materials company Holcim forecasts 'robust' growth

Holcim expects demand for building materials to remain robust this year, the world's biggest cement maker said on Thursday after posting better than forecast sales and profit. The Swiss company, a bellwether for the wider construction sector, shrugged off concern over a slowdown linked to rising global interest rates. The U.S.

27.07 / 06:57

COST UPS CEO Nestle Nescafe Nestle sales outlook brightens after strong first half

By Richa Naidu

27.07 / 06:57

CEO Action pricing Roche: have abandoned some trials due to U.S. drug pricing plans

FRANKFURT (Reuters) — Roche said it had abandoned certain drug development projects or acquisitions under consideration because of planned price cuts in best-selling prescription medicines in the United States.

26.07 / 12:57

COST UPS Target country Inside Opinion: Ottawa rewards failure with taxpayer-funded bonuses

By Franco Terrazzano

26.07 / 07:59

companies liontrust GAM NewGAMe GAM pushes back against shareholder inaccuracy claims

In a statement today, GAM stood by its communication over the deal, which it has repeatedly urged shareholders to accept.

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