Latest News for: Swiss trading


Credit Suisse shares jump 7% after the embattled bank launches a $3 billion bond-buyback program

Business Insider 07 Oct 2022
Credit Suisse shares rose on Friday after the Swiss bank said it would repurchase about $3 billion of bonds ... Investors welcomed the Swiss bank's plan to buy back about $3 billion worth of bonds ... Credit Suisse stock rose 8.3% Friday on the Swiss Exchange in Zurich. Meanwhile, its US-listed shares gained 7% in premarket trading.

Pressured Credit Suisse’s $3bn buyback plan calms investors’ nerves

Business Day 07 Oct 2022
Credit Suisse shares and bonds rose in Friday trading, while the cost of insuring against default fell.  ... Credit Suisse shares were up 6.9%, trading at 4.50 Swiss francs at 12.30pm ... The Swiss bank in August appointed Dixit Joshi, a former Deutsche Bank executive, as CFO to replace David Mathers.

Trafigura's Puma Energy to exit Myanmar

Natural Gas World 07 Oct 2022
Puma Energy, a midstream and downstream unit of Swiss trading company Trafigura, will fully exit Myanmar, it said on October 5 in a statement ... PEAS is a joint venture between Puma Energy and local company Asia Sun Energy and owns the petroleum products terminal at the Thilawa port ... ....

Stock Market Today: Futures Down After Release of Key Jobs Data

The Citizens 07 Oct 2022
Stock futures are down after the release of key jobs data as the slump that has plagued Wall Street goes into its third day ... Dow futures sank 261 points, or 0.87%, 29,721 ... 2 ... Both were off in premarket trading. Credit Suisse (CSGKF) stock, meantime, was up more than 6% after the Swiss bank said it plans to buy back up to $3 billion in debt ... +26 ... .

U.S. and global stock markets slide, ending two-day rally

Beijing News 06 Oct 2022
Stocks spent the day struggling to get into the black but finding the weight of sellers too much to overcome ... The euro, which had been approaching parity earlier in the day, wilted to trade at 0.9884 around the New York close Wednesday. The British pound, which had been approaching 1.1500, traded back down at 1.1317 ... The Swiss franc eased to 0.9834.

Negotiations between Uber and their Geneva drivers fail

Swissinfo 05 Oct 2022
Drivers for the American ride-hailing firm Uber in the Swiss city of Geneva have rejected a proposal to settle a dispute over working conditions. Trade union groups continue to insist on an ...

Surging coal, lithium prices can’t stem sell-off in top 50 mining stocks 

Mining Dot Com 05 Oct 2022
The Swiss giant is benefitting from a strategy not to ditch coal like its peers and a trading arm making the most of sky high prices for energy.    ... While trading on Western markets in Russian stocks have been halted, the country’s miners, much like the rouble and the Moscow Stock Exchange, until recently defied gravity.  .

SIX Swiss Exchange’s Turnover Surges 20.6% to CHF 94.5 Billion in Sept

Finance Magnates 04 Oct 2022
<p class="MsoNormal">Total trading turnover on SIX Swiss Exchange, Europe's third-largest stock exchange and top post-trade service provider, reached CHF 94.5 billion in September 2022, which is a 20.6% increase from August.</p><p class="MsoNormal">The ...

Free trade on the table for Swiss minister in India

Swissinfo 04 Oct 2022
Swiss Economics Minister Guy Parmelin has wrapped up a two-day visit to India in which he hoped to spark “a new impulse” for negotiations on a free trade agreement ... [of a free trade agreement]”.

ABB Completes Accelleron Spin-Off

Algeria Times 04 Oct 2022
Accelleron shares admitted to start trading on SIX Swiss Exchange today Transaction to allow both ABB and Accelleron to focus on respective core strategies and long-term value creation for stakeholders ABB shareholders receive 1 Accelleron share for every 20 ABB shares held.

HSBC mulls over Canadian sale amid Pingan pressure

Hong Kong Standard 04 Oct 2022
"We are currently reviewing our strategic options with respect to our wholly owned subsidiary in Canada," it said ... The HSBC news came as Swiss lender Credit Suisse saw its shares rise more than 3 percent in early trade yesterday, rebounding from a sharp selloff Monday amid market uncertainty over its restructuring program to stem a series of losses.

Zurich International Life and Purple Tuesday: Pledge Support for People of Determination

Algeria Times 04 Oct 2022
With this move, Zurich will undertake key initiatives aimed at providing a more inclusive customer experience and creating a brighter future for vulnerable people ... Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX ... .

Swissquote Launches Crypto Exchange SQX

Finance Magnates 04 Oct 2022
... with a banking license to offer cryptocurrency trading ... Switzerland’s largest stock exchange, Six Swiss Exchange, has listed several crypto exchange-trades products over the years.</p><p>In its initial phase of the crypto exchange, it will offer Bancor Network (BNT).

Switzerland Has 'Systemic' Racism Issues, UN Experts Say

Tolo News 04 Oct 2022
Landlocked Switzerland was never a colonial power but its banks, traders and municipalities invested heavily and benefited from the transatlantic triangular trade, the report said ... Swiss playground games persist such as "Who is afraid of the Black man?", which have a racially discriminatory effect, the experts said.

Credit Suisse shares rebound in early trade

FX Empire 04 Oct 2022
ZURICH (Reuters) – Shares in Credit Suisse rose more than 3% in early trade on Tuesday, rebounding from a sharp selloff on Monday amid market ...

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