Latest News for: Swiss trading

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Rally in U.S. stocks extends, Nasdaq Composite adds 185 points

Beijing News 22 Mar 2023
The euro last traded at 1.0769, up 0.49 percent from the previous trading session ... Meanwhile, the Swiss franc traded sideways at 0.9224. In addition, the Australian dollar/US dollar pair traded at 0.6668, down 0.70 percent, while the New Zealand dollar also saw a decline, trading at 0.6187, down 0.93 percent ... ....
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U.S. dollar dips as traders weigh banking turmoil

People Daily 21 Mar 2023
dollar weakened in late trading on Monday as traders cautiously weighed Swiss banking giant UBS's takeover of Credit Suisse ... In late New York trading, the euro rose to 1.0723 U.S.
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Credit Suisse Rescued in Deal with UBS

This Day 21 Mar 2023
Credit Suisse shares plunged yesterday, after Swiss authorities cut a deal with its bigger rival, UBS, to acquire the troubled bank at a marked-down price ... The shares traded at about the level they are valued at in the deal. Swiss regulators orchestrated the purchase in a bid to stop more turmoil after the collapse of two United States banks.
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Bank doubts persist after Swiss deal

Arkansas Democrat-Gazette 21 Mar 2023
LONDON -- Credit Suisse shares plunged Monday after Swiss authorities cut a deal with its bigger rival UBS to acquire the troubled bank at a marked-down price ... The shares traded at about the level they are valued at in the deal. Swiss regulators orchestrated the purchase in a bid to stop more turmoil after the collapse of two U.S.
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Switzerland braces for wave of bank job losses

Swissinfo 21 Mar 2023
+ Read about the consequences of the CS/UBS merger Trade unions and the Swiss Bank Employees Association (SBEA) want clarity, particularly for Credit Suisse’s 16,000 Swiss workers ... The Swiss ...
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Credit Suisse/UBS deal offers hope, but bank doubts persist

Jamaica Observer 21 Mar 2023
LONDON (AP) — Credit Suisse shares plunged Monday after Swiss authorities cut a deal with its bigger rival, UBS, to acquire the troubled bank at a marked-down price ... The shares traded at about the level they are valued at in the deal. Swiss regulators orchestrated the purchase in a bid to stop more turmoil after the collapse of two US banks.
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Credit Suisse-UBS deal offers hope, but bank doubts persist

The Maryville Daily Times 21 Mar 2023
LONDONCredit Suisse shares plunged Monday after Swiss authorities cut a deal with its bigger rival UBS to acquire the troubled bank at a marked-down price ... The shares traded at about the level they are valued at in the deal. Swiss regulators orchestrated the purchase in a bid to stop more turmoil after the collapse of two U.S.
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Swiss brace for major job losses after Credit Suisse buyout

Khaleejtimes 21 Mar 2023
"Directly or indirectly, tens of thousands of jobs are potentially threatened," the Swiss Trade Union Federation (SGB) warned in a statement Tuesday. "Many jobs are at risk," the Swiss Bank Employees Association (SBPV) said, warning that the uncertainty facing Credit Suisse employees was "extremely stressful.".
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Switzerland curbs bonus payouts at Credit Suisse

Reuters 21 Mar 2023
ZURICH, March 21 (Reuters) - Swiss authorities imposed curbs on bonus payments for Credit Suisse (CSGN.S) employees, a move that will penalise bankers after a multi-billion-franc state rescue of the bank ... Pierre-Yves Maillard, president of the Swiss trades union federation, said managers should not get bonuses as a matter of "decency".
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Asian stocks rebound despite weak market sentiment

IIFL Securities 21 Mar 2023
Early European trading witnessed a sell-off, but the trend was reversed later, and the S&P 500 index on Wall Street registered a 0.9% increase ... futures also saw a 0.2% rise during early trade ... Even though the Japanese markets were shut for a holiday, Nikkei futures trading in Chicago indicated a bullish sentiment.
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Trafigura, Vitol might step up trade in Russian oil - CEOs

Reuters 21 Mar 2023
LAUSANNE, March 21 (Reuters) - Global energy traders Trafigura and Vitol still help to export limited supplies of Russian refined products within the rules of international sanctions, but they are considering whether to resume more trade in Russia's oil, their CEOs said on Tuesday.
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A retro red, blue, and white Credit Suisse ski cap is attracting ferocious bids online ...

Business Insider 21 Mar 2023
Vintage knitted ski hats are particularly popular on Swiss marketplaces — bids came in at nearly $200 each ... Credit Suisse's share price slumped 56% to 0.82 Swiss francs apiece on Monday — its first day of trade after the merger announcement.
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U.S. stocks rise as fears about banking system ease

Beijing News 21 Mar 2023
Credit Suisse shareholders will receive 1 UBS share for each 22.48 Credit Suisse shares, valuing the deal at just 3 billion Swiss francs ($3.24 million), about one-third of the bank's capitalization at the close of trading on Friday ... The (up to) 100 billion Swiss franc loan ($108 billion) will be backed by a federal default guarantee.
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JPMorgan Chase thought it had $1.3 million of nickel, but they were all bags of ...

Business Insider 21 Mar 2023
The case, which was discovered by the last week, highlighted the risks of commodity trading — but it isn't actually the first time a cargo handler's had such a rude surprise ... In November 2022, commodities trading giant Trafigura discovered carbon steel and other types of steel and iron instead of the nickel it had ordered.
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British auction house boss is arrested in NYC over fraudulent sale of 'world’s most expensive ...

The Daily Mail 21 Mar 2023
A year later, Beale allegedly tried to sell the Eid Mar coin at New York's Waldorf-Astoria Hotel where he said it came from 'an old Swiss collection' - coded language within the antiquities trade indicating that its history cannot be verified.

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