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SWISS FINANCIAL CENTRE
Proverb of the day from Switzerland: 'Love is blind; but marriage is the eye-opener'. A lesson on love and realityLove often begins with idealisation, overlooking a partner's flaws. A proverb from Switzerland highlights this, stating that love is blind,...- Explained: Inside Sebi's Rs 15.15 lakh crore revenue inflation allegations against Rajesh ExportsRajesh Exports has come under intense scrutiny after Sebi accused the company and its promoter of inflating revenues, misclassifying person...
- Rajesh Exports: Sebi finds 97-99% revenue inflation, bars promoter from tradingRajesh Exports and promoter Rajesh Mehta face regulatory action after Sebi alleged large-scale financial misrepresentation and possible rev...
- SpaceX, OpenAI windfall fuels bets on next-wave Asian AI winnersAnticipating significant capital raises from tech giants like SpaceX and OpenAI, investors are shifting focus to Asian supply chain compani...
- Hong Kong overtakes Switzerland as world's top cross-border wealth hub on China ties, report showsHong Kong has surpassed Switzerland as the world's top global booking center for cross-border wealth, reaching $2.95 trillion. This shift i...
- Global Market: Hong Kong IPO boom draws rising interest from overseas companiesHong Kong's stock market is seeing more foreign companies file for listings. Firms from countries like Indonesia and South Korea are explor...
- India’s top banks failing to tackle climate risk as threats growIndia's major banks are disclosing more climate data but not using it for lending decisions. Physical climate risks like floods and heat ar...
- Fuel prices likely to rise if war continues: RBI Guv"If this is to continue for longer period of time, it is just a matter of time before the government will pass on some of the price increas...
- US Stock Market: AI spending surge drives Alphabet, Amazon to tap global bond marketsAlphabet and Amazon are expanding their global borrowing to fund the escalating costs of the AI race. Alphabet plans its first yen-denomina...
- Logitech bets on AI, gaming and business users as it raises spending, CEO saysLogitech plans increased spending on product development and marketing this year. The company is focusing on gaming, business customers, an...
- ‘I am in debt, struggling but free’: 24-year-old woman fled from home to Calicut, dreams of finding her mom and working at Swiss Parliament somedayA 24-year-old woman from Calicut found freedom after escaping years of abuse and fear. She now lives independently, facing financial strugg...
- Prospects for UBS are better than ever: CEO Sergio Ermotti"The prospects for UBS are better than ever," Sergio Ermotti wrote in an opinion piece published in the Swiss paper Tages-Anzeiger. "This a...
- Credit Suisse collapse threatens Switzerland's wealth management crownBattered by years of scandals and losses, Credit Suisse had been fighting a crisis of confidence for months, before its demise was sealed i...
- Swiss bank employees "shocked" as UBS takes over Credit Suisse, demands job cuts be kept to minimumSwitzerland awoke on Monday to a new era after UBS agreed to take over the ailing Credit Suisse, with a bank employee association saying it...
- Secrecy must for automatic info exchange: Swiss banks to IndiaOn Friday, the Swiss Federal Council ratified the AEOI with India and 40 other jurisdictions to facilitate immediate sharing of details abo...
- Switzerland progressing in fight against money laundering: FATFThere has been a significant improvement in exchange of information and assistance between India and Switzerland with regard to suspected b...
- Switzerland remains largest offshore financial centreA huge global pressure to break secrecy veils of Swiss banks notwithstanding, Switzerland remains the world's largest offshore financial ce...
- Swiss citizens oppose sharing of bank client details: Survey86 per cent of respondents believing that the financial details of bank clients must be protected from third parties.
- Managers of foreign assets add Rs 43k crore value to Swiss fin sectorSwiss financial industry saw as many as 29,000 employees engaged in wealth management of foreign clients generate a value of over Rs 43,000...
- Swiss watchdog wants UBS, Credit Suisse to set aside more capital: reportsSwiss banks UBS and Credit Suisse need to set aside 70 billion Swiss francs (43.5 billion euros, 68.3 billion dollars) more in capital as S...
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