Southern Financial News

A case against the Swiss Confederation was filed in the US District Court for the Southern District of New York on Thursday (6 June) by litigation firm Quinn Emanuel Urquhart & Sullivan. The case stems from Switzerland's decision on 19 March 2023 to order a write down Credit Suisse's AT1 bonds. This directive, which reduced the bonds' value to zero, is being challenged as an unlawful infringement on the property rights of the AT1 bondholders. Holders of $1.7bn Credit Suisse AT1 bonds sue Swiss regulator According to the law firm, Switzerland abandoned its regulatory role and acted ...

Russia alleged on Friday that Ukraine had used US-supplied rockets to kill women and children in a region of southern Russia, and said that Washington was to blame.

A group of Credit Suisse bondholders filed a lawsuit against the Swiss government, seeking full compensation over the contentious decision to write down the failed bank's Additional Tier 1 (AT1) debt.

Mumbai: The monsoon marked its arrival in Maharashtra on June 6, by entering the southern Konkan region, said DDG of the Regional Meteorological Centre of Mumbai

Nagarjuna Fertilizers and Chemicals Ltd.(up 9.71%), Aries Agro Ltd.(up 3.22%), Madras Fertilizers Ltd.(up 3.03%), Southern Petrochemicals Industries Corporation Ltd.(up 3.02%), Mangalore Chemicals & Fertilizers Ltd.(up 2.17%), Krishana Phoschem Ltd.(up 2.15%), Zuari Agro Chemicals Ltd.(up 2.04%), Rashtriya Chemicals & Fertilizers Ltd.(up 1.77%), Madhya Bharat Agro Products Ltd.(up 1.58%) and National Fertilizers Ltd.(up 1.42%) were among the top gainers.

colossal squid which is also known by its scientific name ‘Mesonychoteuthis Hamiltoni’. When it is fully grown up, the creature is about as big as a bus and weighs more than 1100 pounds. It is believed to be found in the Southern Ocean in Antarctica in its natural habitat.

Gov. Glenn Youngkin says Virginia will abandon California’s stringent vehicle emissions rules aimed at reducing carbon pollution at the end of the year when that state’s current regulations expire

Most people who received money from Norfolk Southern in the wake of last year’s fiery train derailment in eastern Ohio won’t have to pay taxes on millions of dollars in aid payments after all

Baltimore and Washington under Flood Watches. The intense rainfall could overwhelm drainage systems and waterways, posing significant risks to urban areas and prompting officials to urge residents to stay alert and prepared for rapidly changing conditions, Fox Weather stated.

SÃO PEDRO DE ALCÂNTARA, Brazil—A prison in southern Brazil has come up with a novel way to bolster security: replacing guard dogs with geese. A squadron of nine silky-feathered birds—the “geese agents," as guards call them—now patrol the grassy strip of land between the inner fence and the outer wall at the high-security prison here in São Pedro de Alcântara, a small town some 400 miles north of the border with Uruguay. Fiercely territorial, the fiendish nine-pounders can be surprisingly intimidating, charging at anyone who dares enter their enclosure and unleashing a deafening cacophony of honks and shrieks that serves to alert guards if one of the prison’s 1,300 inmates tries to escape.

Shiv Sena (UBT) leader Sanjay Raut on Monday took a jibe at BJP for a poor show in Lok Sabha election 2024, as compared to polls in 2019, noting that it is a moral and political defeat for the party. Also, amid PM Modi's retirement rumours, he said ‘janata has already retired him’.Speaking to news agency ANI, Raut said, "Modi Ji has lost, BJP has lost; this is their moral and political defeat.

Andhra Pradesh and Telangana helped the BJP make up for some of its losses elsewhere, as the National Democratic Alliance (NDA) captured 31 out of 42 seats in the two states, compared to just four seats in the 2019 polls.

BJP's vote share suffered a decline this time while the Congress and the Samajwadi party garnered more votes compared to what they did in the 2019 Lok Sabha polls, according to Election Commission data on Tuesday. The BJP, which contested more seats this time than in 2019 but is likely to fall short of the magic figure of 272, garnered 36.91 per cent of the total votes polled, a drop of around 0.39 percentage points as of 6.15 pm.

The Epoch Times chief financial officer Weidong Guan has been arrested and charged for crypto money laundering.

Catch LIVE updates of Lok Sabha Election Results The Congress-led United Democratic Front (UDF) is leading in 18 out of the 20 Lok Sabha seats in Kerala, while the Bharatiya Janata Party (BJP) and the CPIM (led) Left Democratic Front (LDF) is leading in one seat each in Thrissur and Alathur respectively, the Election Commission said on Tuesday as counting of votes progressed in the parliamentary elections.As per information posted on the Election Commission of India (ECI) website, Congress leader Rahul Gandhi and party's general secretary KC Venugopal are leading on their seats- Waynad and Alappuzha respectively.BJP's Suresh Gopi was leading with 400706 votes in Thrissur constituency with a margin of 73091 votes over V S SunilKumar of the CPI and Congress' Muraleedharan of the Congress who polled 319560 votes as per data on the poll body's website at 2 pm.Congress leader Rahul Gandhi was leading by 3,28,460 votes in Wayanad constituency over his nearest rival CPI's Annie Raja, as per Election Commission data. Congress sitting MP Shashi Tharoor took a lead over BJP's Rajeev Chandrasekhar in Thiruvananthapuram with 325896 votes and CPI's Pannian Raveendran in third spot, data by EC said.Congress' KC Venugopal was leading with 364811 votes against nearest rival AM Ariff of the CPI (M) while BJP's Sobha Surendran trailed in the third place.The polling in Kerala was held in single phase on April 26.

NDA was surging ahead in two southern states--Andhra Pradesh and Karnataka while the respective blocs led by the ruling DMK in Tamil Nadu and Congress in Kerala were on their way for another excellent show, going by the latest trends emerging from the counting of votes polled in the just concluded Lok Sabha polls. As part of its southern focus, the BJP had invested much pride and hardwork to net as much as possible from the 131 seats on offer from the fiver southern states--Andhra Pradesh, Karnataka, Kerala, Tamil Nadu, Telangana and the two UTs of Lakshadweep and Puducherry.

counting of votes has started in various parts of the country. In the southern party of India, NDA is leading as Congress who is currently in power at assembly level trails behind.

Palestinian health officials said Israeli strikes killed 11 people overnight into Monday, including a woman and three children, in central Gaza.

El Nino, the natural weather phenomenon that contributed to 2023 being the hottest year on record, has recently subsided, paving the way for its opposing, cooling La Nina phase to begin.

exit polls, it appears that BJP's war cry may transform from «Aayega Toh Modi Hi» to «Todega Toh Modi Hi.» If these predictions hold true, the Modi-led BJP is poised to extend its influence from the north to the southern tip of India, marking a new era of BJP dominance across India's political landscape.

Although there is a long history of affluent city-dwellers owning second homes in popular places such as Goa and Mussoorie, this trend has gained momentum since the pandemic. In addition to rising disposable incomes, this is due in part to remote work becoming increasingly common. Traditional options include tropical and ‘beachy’ destinations such as Goa and Alibaug, as well as more temperate towns such as Mashobra or Darjeeling. Coonoor is a relatively recent entrant to this club but has quietly become a popular choice among a small clutch of urban elite who are looking for an unspoilt but also convenient location for a second home.