Trends - Switzerland - Business Recorder

Switzerland

Credit Suisse rescue package rejected by Swiss parliament

BERN: Switzerland’s parliament rejected on Wednesday the government’s 109 billion Swiss francs ($120.82 billion)...

Published 17 Apr, 2023 06:41am

Bank takeover prevented Swiss economy collapse: minister

GENEVA: Swiss Finance Minister Karin Keller-Sutter said Switzerland’s economy would probably have collapsed had...

Updated 10 Apr, 2023 08:28am

Markets

Julius Baer CEO eyes gains from Credit Suisse’s fall

ZURICH: Julius Baer is having “constructive discussions” with Credit Suisse staff who are looking to leave following...

Published 03 Apr, 2023 12:19pm

World

Bern signals it’s ready to return to EU talks

GENEVA: Bern signalled Wednesday readiness to resume talks with the EU towards a cooperation agreement, after...

Published 30 Mar, 2023 06:35am

Business & Finance

UBS flags uncertain year ahead after profit beats forecasts

ZURICH: UBS, Switzerland’s biggest bank, forecast an uncertain year ahead due to the war in Ukraine and sagging...

Published 06 Feb, 2023 06:20am

World

Avalanches in Austria, Switzerland kill five

VIENNA: Avalanches in Austria and Switzerland have left five people dead, leading officials to warn on Saturday of...

Published 05 Feb, 2023 03:10am

Pakistan

Afghan women’s rights: US SRA starts tri-nation trip

ISLAMABAD: The United States Special Representative for Afghanistan (SRA) Thomas West has started his tri-nation ...

Published 31 Jan, 2023 06:01am

World

Swiss keep borders open for arrivals from China

GENEVA: Switzerland said on Friday it was not planning to tighten entry restrictions on travellers from China ...

Published 31 Dec, 2022 02:09am

Sports

Ramos bags hat-trick as Portugal crush Swiss to reach World Cup quarters

DOHA: Goncalo Ramos justified the shock decision to drop Cristiano Ronaldo by scoring a hat-trick on his full debut...

Published 07 Dec, 2022 02:11am

Sports

Switzerland edge Serbia in feisty clash to make World Cup last 16

DOHA: Switzerland booked a last-16 showdown with Portugal at the World Cup on Friday after a 3-2 win over Serbia in ...

Published 03 Dec, 2022 02:36am

Business & Finance

Vast opportunities exist for Swiss investors in Pakistan: governor

LAHORE: The Ambassador of Switzerland to Pakistan Georg Steiner called on Governor of Punjab Muhammad Balighur ...

Published 02 Dec, 2022 05:47am

World

Swiss have frozen $8bn in financial assets under Russia sanctions

ZURICH: Switzerland has frozen financial assets worth 7.5 billion Swiss francs ($7.94 billion) as of Nov. 25 under...

Published 01 Dec, 2022 03:18pm

Markets

Swiss govt assures Punjab of assistance in hydel projects

LAHORE: Chief Minister of Punjab Chaudhry Parvez Elahi met Ambassador of Switzerland Georg Steiner at his office on...

Published 01 Dec, 2022 07:19am

Sports

Brazil World Cup bid built on solid foundations despite Neymar worries

DOHA: Brazil might be fretting about the state of Neymar’s ankle, but if a successful World Cup campaign is built on...

Published 30 Nov, 2022 10:48am

Sports

Casemiro goal downs Switzerland to take Brazil into World Cup last 16

DOHA: A Brazil side lacking spark without the injured Neymar needed a late strike from Casemiro to edge out...

Published 28 Nov, 2022 11:12pm

Business & Finance

Credit Suisse eyes $2bn capital hike, convertible bonds

ZURICH: Embattled bank Credit Suisse is considering a capital increase of around 2 billion Swiss francs ($2 billion)...

Published 24 Oct, 2022 06:35am

Pakistan

Nation cannot progress until rule of law prevails: Imran Khan

Says all underdeveloped nations have low adherence to law

Published 20 Oct, 2022 09:03pm

Markets

Rate hike bonanza among major central banks hits two decade peak in September

LONDON: Major developed central banks delivered in September rate hikes at a pace and scale not seen in at least two...

Updated 05 Oct, 2022 12:36pm

World

US commits to Afghan asset talks despite frustration with Taliban

WASHINGTON: US President Joe Biden’s administration will press ahead with talks on releasing billions of dollars in...

Published 22 Aug, 2022 11:36am

Technology

Art market pushes on with rocky crypto romance

PARIS: The closest most people get to owning a world-famous artwork is to buy a cheap poster from a gallery, but art...

Published 21 Aug, 2022 10:13am

World

Mountain melt shutters classic Alpine routes

GENEVA: Little snow cover and glaciers melting at an alarming rate amid Europe’s sweltering heatwaves have put some...

Published 31 Jul, 2022 10:25am

World

Lebanese face long ‘insulting’ queues to buy bread

BEIRUT: In bankrupt Lebanon, Khalil Mansour has to queue for hours every day just to buy bread for his family and...

Published 31 Jul, 2022 10:04am

World

US and Taliban make progress on Afghan reserves, but big gaps remain

KABUL/WASHINGTON: US and Taliban officials have exchanged proposals for the release of billions of dollars from...

Published 26 Jul, 2022 01:30pm

World

First same-sex couples get married in Switzerland

GENEVA: The first same-sex couples tied the knot in Switzerland on Friday following a referendum that changed the...

Published 02 Jul, 2022 04:10am

Business & Finance

Credit Suisse scraps negative rates for Swiss private clients

ZURICH: Credit Suisse is scrapping the negative interest rates it has charged wealthy Swiss clients since 2020, the...

Published 30 Jun, 2022 07:46am

Technology

Moon sculptures, NFTs at futuristic Art Basel fair

BASEL: The world’s leading contemporary art fair has taken a futuristic turn this year, offering buyers the chance...

Updated 19 Jun, 2022 01:06pm

World

Rolex worn during WWII 'Great Escape' sells for $189,000 in New York

NEW YORK: A Rolex watch worn by a British prisoner during the real-life "Great Escape" from the Nazi Stalag Luft III...

Updated 10 Jun, 2022 11:10am

World

Uncertainty, relief as millionaire flies Ukrainians to Switzerland

ZURICH: Clutching her baby to her breast, Alona Shevchenko’s eyes well up with tears as the plane lifts off from...

Published 25 Mar, 2022 05:47am

Business & Finance

Swiss current account surplus widens to $15bn in Q4

ZURICH: Switzerland ran a current account surplus of 14 billion Swiss francs ($14.96 billion) in the fourth quarter...

Published 22 Mar, 2022 03:25pm

World

'Very probable' that Swiss will freeze Russian assets - president

GENEVA: Swiss President Ignazio Cassis said on Sunday that it was "very probable" that neutral Switzerland would...

Published 28 Feb, 2022 01:02am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 2 786 Investments Limited(786)	5.85 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 2 Al-Abbas Sugar Mills Limited(AABS)	501.13 ▼ 0.00 (0.00%)
Agro Allianz / Dec 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Dec 2 Allied Bank Limited(ABL)	85.40 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 2 Abbott Laboratories (Pakistan) Limited(ABOT)	481.25 ▼ 0.00 (0.00%)
Abson Ind. / Dec 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 2 Alfalah Consumer Index ETF.(ACIETF)	10.53 ▼ 0.00 (0.00%)
Attock Cement / Dec 2 Attock Cement Pakistan Limited(ACPL)	96.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 2 786 Investments Limited(786)	5.85 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 2 Al-Abbas Sugar Mills Limited(AABS)	501.13 ▲ 0.00 (0.00%)
Agro Allianz / Dec 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Dec 2 Allied Bank Limited(ABL)	85.40 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 2 Abbott Laboratories (Pakistan) Limited(ABOT)	481.25 ▲ 0.00 (0.00%)
Abson Ind. / Dec 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 2 Alfalah Consumer Index ETF.(ACIETF)	10.53 ▲ 0.00 (0.00%)
Attock Cement / Dec 2 Attock Cement Pakistan Limited(ACPL)	96.07 ▲ 0.00 (0.00%)

Stock	Volume
Maple Leaf Cement / Dec 2 Maple Leaf Cement Factory Limited(MLCF)	43,072,746 ▲ 0.00
Pak Elektron / Dec 2 Pak Elektron Limited(PAEL)	39,797,114 ▲ 0.00
Fauji Fert Bin / Dec 2 Fauji Fertilizer Bin Qasim Limited(FFBL)	27,568,000 ▲ 0.00
Fauji Cement / Dec 2 Fauji Cement Company Limited(FCCL)	27,255,000 ▲ 0.00
Hum Network / Dec 2 Hum Network Limited(HUMNL)	22,004,000 ▲ 0.00
WorldCall Telecom / Dec 2 Worldcall Telecom Limited(WTL)	17,256,413 ▲ 0.00
D.G.K.Cement / Dec 2 D.G. Khan Cement Company Limited(DGKC)	14,240,764 ▲ 0.00
Air Link Com. / Dec 2 Air Link Communication Limited(AIRLINK)	13,542,140 ▲ 0.00
Dewan Cement / Dec 2 Dewan Cement Limited(DCL)	12,062,500 ▲ 0.00
K-Electric Ltd. / Dec 2 K-Electric Limited(KEL)	10,296,343 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 1	285.15
USD PKR Interbank Buying / Dec 1	284.95
USD to Japanese Yen / Dec 1	146.82
USD to Swiss Franc / Dec 1	0.87
Pound Sterling to USD / Dec 1	1.27
Euro to USD / Dec 1	1.09
UK LIBOR % / Dec 1	5.46

Stock	Volume
S&P 500 / Dec 1	4594.63
India Sensex / Dec 1	67481.19
Tokyo Nikkei / Dec 1	33431.51
Nasdaq / Dec 1	14305.03
Hang Seng / Dec 1	16830.30
FTSE 100 / Dec 1	7529.35
Dow Jones / Dec 1	36245.50
Germany DAX 30 / Dec 1	16397.52
France CAC40 / Dec 1	7346.15

Item	Value
Crude Oil USD/Barrel / Dec 1	74.07
Karachi Cotton PKR/37.32 KG / Dec 1	17235
Gold 10 Grams PKR / Dec 1	189043
Gold Spot USD/Ounce / Dec 1	2072.22
Cotton US¢/pound / Dec 1	79.42

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Switzerland

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