Switzerland

FTSE Russell keeps India on watch list post latest govt bond index review

India and Switzerland have been on watch since 2021 for possible inclusion in the FTSE Emerging Markets Government Bond Index (EMGBI) and World Government Bond Index (WGBI) respectively

UBS's takeover of Credit Suisse halted crisis, says Swiss central bank

The Swiss central bank hiked its key interest rate on Thursday and insisted that a government-orchestrated takeover of troubled Credit Suisse by rival bank UBS ended the financial turmoil. In a statement, the Swiss National Bank said it is providing large amounts of support for the deal to merge Switzerland's biggest banks and that the late Sunday announcement by the federal government, financial regulators and the central bank put a halt to the crisis. An insolvency of Credit Suisse would have had severe consequences for national and international financial stability and for the Swiss economy, said Thomas Jordan, chairman of the Swiss central bank's governing board. Taking this risk would have been irresponsible. The hastily arranged, USD 3.25 billion deal aimed to stem the upheaval in the global financial system after the collapse of two US banks and jitters about long-running troubles at Credit Suisse led shares of Switzerland's second-largest bank to tank and customers to pull o

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Swiss govt temporarily suspends bonus payouts to Credit Suisse staffers

Switzerland's government said Tuesday that it's ordering Credit Suisse to temporarily suspend bonuses for employees after orchestrating a plan for the No. 2 Swiss bank to be taken over by rival UBS. The Swiss Department of Finance says federal law allows the government to set remuneration-related measures in cases involving Switzerland's biggest banks. Late last week and into the weekend, authorities in Switzerland, backed by the central bank and financial regulators, scrambled to cobble together a $3.25 billion sale of Credit Suisse to UBS. An outflow of deposits and years of trouble raised fears that it could fail and trigger an international financial crisis after the collapse of two U.S. banks. The Swiss government says it doesn't plan to block bonus payments from last year that have been granted but are set to be immediately paid because it doesn't want to penalise Credit Suisse employees who did not cause the crisis. But authorities in the capital, Bern, said they will prohi

Credit Suisse collapse reveals ugly truths about Switzerland for investors

In the race to secure UBS Group AG's purchase, the govt invoked the need for stability and emergency legislation to override two key aspects of open markets: competition law and shareholder rights

UBS agrees to buy Credit Suisse for more than $2 billion: Report

UBS had earlier tabled an offer of about $1 billion, or 0.25 francs a share for Credit Suisse, which the firm had pushed back on, people with knowledge of the matter said earlier on Sunday

Credit Suisse crisis nears finale as UBS discussions on takeover heat up

At the prodding of regulators, UBS has put aside its initial opposition to a deal and is exploring possible structures that could be executed quickly to halt a deep crisis of confidence

Brazil, Switzerland request Security Council meeting on quake-hit Syria

"We have to know very clearly what the situation is and what the correct responses are going to be. And for that, USG Griffiths' visit and information will be key"

CCI invokes doctrine of necessity to bypass the quorum to clear six deals

The next meeting of the CCI is scheduled for Tuesday. The watchdog may take a call on some of the remaining 14 deals which are awaiting nod

WEF Davos 2023: Global leaders roll up sleeves to tackle a tough 2023

The mood at Davos is to roll up the sleeves and work on an actionable plan to revive growth and stability

India can tap Switzerland's innovation with FTA, says Ralf Heckner

The objective of the Swiss government when it comes to the Swiss financial centre is twofold - sustainability and that all countries should adhere to the same international standards

WHO stands by action of issuing alert against Maiden Pharma cough syrup

Asserts that testing done in labs in Ghana and Switzerland confirmed excess levels of contaminated syrups that are "dangerous and should not be in any medicine, ever"

Ronaldo-less Portugal beats Switzerland at FIFA WC, reaches quarterfinals

With Cristiano Ronaldo on the bench, the superstar striker's replacement scored a hat trick to lead Portugal over Switzerland 6-1 and into the World Cup quarterfinals on Tuesday. Goncalo Ramos, a 21-year-old forward who only made his Portugal debut last month, made his first start for his country and demonstrated the kind of clinical finishing Ronaldo was once known for. Ramos scored the opening goal in the 17th minute and added others in the 51st and 67th by which time chants of RONALDO! RONALDO! were swirling around the 89,000-seat Lusail Stadium. The 37-year-old Ronaldo entered as a substitute in the 72nd minute to loud cheers, though Portugal had the game wrapped up by then with defenders Pepe and Raphael Guerreiro also scoring. Rafael Leao added a another goal in stoppage time. Manuel Akanji scored for Switzerland. Portugal advanced to the quarterfinals for the third time, after 1966 and 2006, and will play Morocco on Saturday. Portugal coach Fernando Santos now has to deci

FIFA WC: Ronaldo's omission against Switzerland a 'game strategy'

Portugal manager Fernando Santos said that omitting star striker Cristiano Ronaldo from the starting team was a "game strategy"

Fifa WC POR vs SUI Highlights: Ramos' hattrick leads Portugal to 6-1 win

Fifa World Cup, POR vs SUI Round of 16 Highlights: It was a night to remember for Portugal's Goncalo Ramos as he scored a hattrick, helping his team thrash Switzerland 6-1 and reach the last 8.

Fifa World Cup: Aboubakar helps Cameroon beat Brazil; Swiss reach last 16

Fifa World Cup Highlights: It's first time since 1994 that no team will enter Round of 16 without having dropped a point. Cameroon made it happen as they beat Brazil 1-0. Switzerland beat Serbia 3-2

Adityanath first UP CM to attend World Economic Forum meet in Davos

Uttar Pradesh Chief Minister Yogi Adityanath will be travelling to Davos city in Switzerland in January to attend the World Economic Forum (WEF) meet

Switzerland's loss sets up enticing rematch with Serbia at World Cup

Switzerland's loss made its upcoming World Cup rematch all the more enticing, and with a lot more on the line. Ever since the match schedule was made in April, the Group G game between Switzerland and Serbia has been one to keep an eye on. Not just because of the talented players on both teams, but because of the political tensions they brought on the field when they met at the last World Cup. Four years ago in Russia, Switzerland captain Granit Xhaka celebrated his goal against Serbia by making a double-headed eagle with his hands thumbs representing the heads of the two eagles, fingers fanned to look like feathers. The figure is considered to be an Albanian nationalist symbol. Xherdan Shaqiri added another goal in the final minute of the game, and did the same thing with his hands as the Swiss won 2-1 in the second of the three group matches. Xhaka and Shaqiri both have ethnic Albanian heritage and family ties to Kosovo. They were teenagers growing up in Switzerland when Kosovo

FIFA WC '22: Injured Neymar ruled out of Brazil's match against Switzerland

'The scans showed a lateral ligament injury to Neymar's right ankle along with a small bone swelling'

Switzerland is paying poorer nations to cut emissions on its behalf

The agreements raise concerns that other countries will follow suit, delaying more difficult cuts of greenhouse gas emissions in wealthier nations