GAMexpects to report an underlying loss before tax of about 15 million Swiss francs. The company is due to report its figures on Aug. 3. Total assets under management fell to 85.2 billion francs from 99.8 billion. GAM Holding (GAMH.S) hopes to post a misfortune for the principal half of 2022, the Swiss resource chief … Read more
Swiss banking large Credit Suisse warned Wednesday that it’ll face a loss in the first quarter because of the effect of longstanding legal topics and Russia’s invasion of Ukraine. The USA’s 2d-biggest bank stated its results “may be adversely affected” by the Ukraine conflict to the track of 2 hundred million Swiss francs (195 million … Read more
GENEVA – The Red Cross appealed on Tuesday for more than $270 million to help people caught up in the Ukraine conflict, fearing that millions are rapidly being plunged into extreme suffering. The International Committee of the Red Cross (ICRC) and International Federation of the Red Cross and Red Crescent Societies (IFRC) said the humanitarian … Read more
ZURICH: Swiss watch exports rebounded sharply in 2021, breaking the record set in 2014 by rising to nearly 22.3 billion Swiss francs ($24.1 billion, €21.5 billion), the industry federation announced on Thursday. Amid a strong recovery in the luxury sector, watch exports were up 2.7 per cent compared to their pre-pandemic level in 2019, and … Read more
