Trends - Switzerland - Business Recorder

Switzerland

Switzerland cancels MFN status to India, raising taxes on Indian firms

BERN: Switzerland has suspended the Most Favoured Nation (MFN) status under the Double Taxation Avoidance Agreement...

Published 15 Dec, 2024 02:50am

World

Switzerland suspends Syria asylum proceedings after Assad’s fall

ZURICH: The Swiss government said it was suspending asylum procedures for Syrians until it can better assess the...

Published 10 Dec, 2024 12:32pm

Pakistan

On Pakistan’s southern coast, a group of surfers chases waves and their dreams

KARACHI: Attiq Ur Rehman is determined to follow his dream to become Pakistan’s first professional surfer despite...

Published 31 Oct, 2024 10:32am

Business & Finance

UBS smashes forecasts with $1.4 billion Q3 net profit

ZURICH: Swiss banking giant UBS posted net income of $1.4 billion (1.3 billion euros) on Wednesday, the company said...

Published 30 Oct, 2024 11:59am

Business & Finance

UBS fund management arm reports 3% stake in Swiss National Bank

UBS Fund Management (Switzerland) AG now holds a 3% stake in Swiss National Bank, according to an October filing...

Published 25 Oct, 2024 07:29pm

Business & Finance

New Swiss central bank chief takes charge in shadow of Credit Suisse trauma

ZURICH: As the Swiss National Bank’s new chairman Martin Schlegel takes office this week, the jury is out on the...

Published 30 Sep, 2024 12:07pm

World

Swiss vote on pensions and environment protections

GENEVA: Switzerland may be associated with pristine natural landscapes, but environmentalists sounding the alarm...

Published 22 Sep, 2024 12:07pm

World

$1.8bn 1MDB fraud: PetroSaudi execs get Swiss jail terms

BELLINZONA, (Switzerland): A top Swiss court sentenced two PetroSaudi executives to jail terms on Wednesday after...

Published 29 Aug, 2024 07:40am

Life & Style

Shah Rukh Khan to be honoured at Locarno Film Festival

GENEVA: Switzerland’s Locarno Film Festival opens on Wednesday with Shah Rukh Khan, Jane Campion, Alfonso Cuaron and...

Updated 05 Aug, 2024 01:39pm

Business & Finance

Swiss authorities draw flak in Credit Suisse probe: report

ZURICH: Preliminary findings in an eagerly awaited parliamentary report into the 2023 collapse of Credit Suisse have...

Published 15 Jul, 2024 06:25am

World

Seven dead after storms lash France, Switzerland

GENEVA: Ferocious storms and torrential rains that lashed France, Switzerland and Italy this weekend have left seven...

Published 01 Jul, 2024 07:01am

Sports

Italy and Spalletti at crossroads after Euros title defence disaster

BERLIN: Italy are once again staring into the footballing abyss after Saturday’s humbling exit from Euro 2024 at the...

Published 30 Jun, 2024 01:33pm

World

UK’s richest family get jail terms

GENEVA: A Swiss court handed jail sentences to four members of Britain’s richest family on Friday for exploiting...

Published 22 Jun, 2024 06:47am

Sports

Scotland show courage to keep Euro 2024 hopes alive

COLOGNE: Scotland were unable to claim a first major tournament victory in 28 years against Switzerland on...

Published 20 Jun, 2024 10:52am

World

Ukraine summit sees hard road to peace as way forward uncertain

BUERGENSTOCK: Western powers and their allies at a summit in Switzerland denounced Russia’s invasion of Ukraine on...

Published 17 Jun, 2024 05:30am

Business & Finance

UBS and Credit Suisse’s Swiss units could merge by July 1, executive says

ZURICH: The merger of the Swiss units of UBS and Credit Suisse could be completed as early as July 1, a senior...

Published 11 Jun, 2024 12:30pm

World

Russia reports battlefield gains ahead of Ukraine summit

KYIV: Russia on Monday claimed the capture of another village in Ukraine’s eastern Donetsk region, the latest in a...

Published 11 Jun, 2024 11:36am

World

Swiss summit on Ukraine set to thrash out path to peace

GENEVA: Switzerland will stage a conference on Ukraine this coming weekend, with world leaders set to discuss how to...

Published 10 Jun, 2024 12:12pm

World

Volodymyr Zelenskiy, from Kharkiv, urges Biden, Xi to join peace summit

KYIV: Ukrainian President Volodymyr Zelenskiy appealed to US President Joe Biden and Chinese leader Xi Jinping on...

Published 26 May, 2024 01:38pm

Technology

China set to launch high-stakes mission to moon’s ‘hidden’ side

BEIJING: China will send a robotic spacecraft in coming days on a round trip to the moon’s far side in the first of...

Published 29 Apr, 2024 10:55am

World

European court ruling puts cautious Swiss in climate bind

GENEVA/ZURICH: Switzerland for all its snow-capped mountains and crisp Alpine air has failed to protect its people...

Published 12 Apr, 2024 01:36pm

World

Top Europe court condemns Switzerland in landmark climate ruling

STRASBOURG, (France): Europe’s top rights court on Tuesday said Switzerland was not doing enough to tackle climate...

Published 10 Apr, 2024 02:16am

Markets

Dollar steady, yen soft as BOJ policy shift beckons

SINGAPORE: The dollar was steady on Monday as traders looked ahead to a week dominated by central bank meetings...

Published 18 Mar, 2024 09:53am

World

Bangladesh Nobel winner fears for future as woes mount

DHAKA: Bangladesh Nobel peace laureate Muhammad Yunus says it is a “million-dollar question” why the prime minister...

Published 04 Mar, 2024 11:49am

World

Swiss vote decisively for ‘13th month’ pension increase

ZURICH: Switzerland voted decisively to increase pension payments for the elderly in a referendum on Sunday, as...

Published 04 Mar, 2024 04:15am

World

Hostage situation on Swiss train ends with suspect killed

YVERDON-LES-BAINS, (Switzerland): A hostage situation on a train in the west of Switzerland on Thursday night ended...

Published 10 Feb, 2024 05:48am

Business & Finance

Economists pilloried for getting forecasts wrong

PARIS: Economists are taking flak after missing the mark on inflation, failing to anticipate disruptions in global...

Updated 04 Feb, 2024 10:10pm

World

Vittorio Emanuele of Savoy, son of Italy’s last king, dies aged 86

ROME: Vittorio Emanuele of Savoy, the only son of Italy’s last king, who lived in exile in neighbouring ...

Published 04 Feb, 2024 03:01am

Technology

Tough luxury market hits Bentley as sales drop 11% in 2023

LONDON: British luxury carmaker Bentley on Friday reported an 11% drop in vehicle sales for 2023 as high-end...

Published 19 Jan, 2024 10:10am

Industrialisation: Pakistan needs to be more competitive, attractive: PM

DAVOS: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Wednesday said that Pakistan needed to be more competitive...

Updated 18 Jan, 2024 09:31am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
FTSE 100 / Dec 17	8,195.20
Dow Jones / Dec 17	43,449.90
Germany DAX 30 / Dec 17	20,246.37
France CAC40 / Dec 17	7,365.70
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold 10 Grams PKR / Dec 17	241,860
Petrol/Litre / Dec 18	252.10
Crude Oil USD/Barrel / Dec 18	70.43
Gold Spot USD/Ounce / Dec 18	2,644.54
Diesel/Litre / Dec 18	255.38

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	8 ▲ 0.89 (12.52%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)
Leather Up Ltd. / Dec 18 Leather Up Limited(LEUL)	26.74 ▲ 2.43 (10.00%)
Pak Datacom / Dec 18 Pak Datacom Limited(PAKD)	103.94 ▲ 9.45 (10.00%)
B.R.R. Guardian / Dec 18 B.R.R. Guardian Limited(BRRG)	21.24 ▲ 1.93 (9.99%)

Stock	Price
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
Din Tex. / Dec 18 Din Textile Mills Limited(DINT)	45.90 ▼ -5.10 (-10.00%)
Dawood Lawrencepur / Dec 18 Dawood Lawrencepur Limited(DLL)	211.50 ▼ -23.50 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)
Calcorp Ltd / Dec 18 Calcorp Limited(CASH)	26.22 ▼ -2.91 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.14
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.21
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.47
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▲ 0.02
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -0.65
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 2.27
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▲ 0.18
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▼ -3.43
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	31,365,092 ▼ -0.21

Markets →

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Switzerland

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