|Day's range||0.993 - 0.994|
|52-week range||0.9189 - 1.0127|
Swiss online pharmacy Zur Rose Group said it was proposing an ordinary capital increase of 200 million Swiss francs(156.15 million pounds)to finance its recently announced acquisition of the mail-order activities of German peer medpex. The capital increase will be conducted through a rights offering and existing shareholders will receive rights pro-rata to their shareholding to subscribe for the new shares, said Zur Rose, which listed on the Swiss stock exchange last year. Morgan Stanley and UBS are acting as joint global coordinators and joint bookrunners on the proposed rights offering, which is fully underwritten by the two banks, the company said.
Money manager GAM Holding AG suffered a 17.7 billion Swiss francs (14 billion pounds)slump in the value of its assets after the suspension of a top asset manager prompted investors to withdraw billions of francs from its funds, the company said on Tuesday. Investors withdrew a net 8.1 billion francs in the third quarter after the group suspended absolute return bond fund (ARBF) director Tim Haywood while it investigated possible misconduct. It also liquidated 7.7 billion francs in funds he managed, and together with usual market effects, group assets under management fell overall by 17.7 billion francs to 146.1 billion as at Sept. 30.
Investing.com - Wall Street opened lower on Monday as concerns over geopolitical tensions related to Saudi Arabia and a weak reading on U.S. retail sales added to caution seen in the previous week.
Investing.com - U.S. futures pointed to a lower open on Monday as a combination of concerns over rising U.S. yields, trade conflict and rising geopolitical risks weighed on market sentiment.
Swiss speciality chemicals maker Clariant expects to raise 1 to 2 billion Swiss francs (1.5 billion pounds) from selling portions of its plastics and coatings business, Chief Executive Hariolf Kottmann said in an interview with the Tages-Anzeiger newspaper. Clariant and 25 percent-shareholder Saudi Basic Industries Corp (SABIC) are merging their high-performance materials businesses, a move that will include the sale of some plastics and coatings activities. Kottmann, who is stepping down as CEO to become chairman of Clariant, said he is still convinced SABIC has no plans to take its stake to a majority.
Credit Suisse is aiming for an annual profit of 5 to 6 billion Swiss francs for the next two years as the bank puts its problems behind it, Chief Executive Tidjane Thiam told Swiss newspaper NZZ am Sonntag in an interview to be published on Sunday. "For the future our goal is business as usual," Thiam said in the interview. "We have worked night and day over the last three years to eliminate the problems from the past.
Investing.com - The dollar stabilized on Monday after remarks from Federal Reserve chairman Jerome Powell last week sent the greenback lower, while the Chinese yuan moved higher after the People’s Bank of China stepped in to support the currency.
One of Switzerland's largest banks, Credit Suisse, has frozen roughly 5 billion Swiss francs (£3.9 billion) of money linked to Russia to avoid falling foul of U.S. sanctions, according to its accounts, further increasing pressure on Moscow. The move by Credit Suisse, which owned aircraft surrendered by Russian tycoon Oleg Deripaska and had lent money to Russian oligarch Viktor Vekselberg before the sanctions, underscores a widespread fear among banks of reprisals from Washington for working with targeted Russian individuals and entities. For Russia's elite, such steps could close off an important avenue for finance as well as a safe haven for billions of roubles of their wealth.
Investing.com - This week investors will get the chance on Wednesday to parse through the minutes of the Federal Reserve’s August meeting, when it left interest rates unchanged and indicated that it remains on track for additional rate hikes this year.
Investing.com - The dollar was flat against its rivals Thursday, pressured by a bout of mixed U.S. economic data and improving risk sentiment after the U.S. confirmed trade talks with China would resume.
Investing.com - The dollar steadied against its rivals at 13-month highs Wednesday, but gains were limited by rising demand for safe-haven yen on fears turmoil in Turkey could spill over into other markets.
Investing.com - The dollar rose against its rivals to an 18-month high Tuesday, supported by a slump in the euro as concerns over Turkey's vulnerable economy persisted despite a rebound in the lira.
Investing.com - The euro was trading at more than one-year lows on Monday as a crash in the Turkish lira roiled global markets amid fears that the country’s financial crisis could spread to European markets.
Investing.com - The dollar was flat against its rivals Wednesday, pressured by a stronger yen as trade-war fears resurfaced after China vowed to slap further tariffs on a raft of U.S. goods.
Investing.com - The dollar edged higher against its rivals Monday amid investor worries about an escalating U.S.-China trade tensions and a slump in the pound to an 11-month low.
Investing.com - The dollar rose against its rivals Thursday on upbeat labor market data and a slump in the pound, despite the Bank of England raising rates for the first time this year.
Investing.com - The pound dropped below the $1.30 level on Thursday as a result of an unexpected drop in consumer spending in June, further slimming the chances of a Bank of England rate hike in August.
Investing.com – The dollar was unchanged against its rivals Wednesday as gains on the back of a slump in the pound were offset by soft U.S. economic data showing subdued housing market activity.
Investing.com – The dollar rose against its rivals Tuesday, as Federal Reserve Chairman Jay Powell gave lawmakers a positive assessment of the economy, and expects to continue raising interest rates gradually.
Investing.com – The dollar was slightly lower against its rivals Monday, as in-line U.S. retail sales data, and slightly better than forecast regional manufacturing activity provided little impetus for upside in the greenback.
Investing.com – The dollar retreated from a two-week high against its rivals Friday, pressured by a rebound in the pound from an 11-day low.
Investing.com – The dollar was roughly flat against its rivals Thursday, as U.S. economic data showed the pace of consumer prices was subdued last month, but downside was limited by a slump in the yen amid easing trade-war concerns.
Investing.com – The dollar rose Wednesday as data showing U.S. wholesale prices increased at a faster pace than anticipated last month raised investor expectations for stronger inflation, increasing the prospect of further Fed rate hikes.
Investing.com – The dollar rose against its rivals Tuesday, supported by upbeat labor market data and a weaker yen, as easing trade-war fears continued to keep a lid on demand for safe-haven currencies.
Investing.com – The dollar rebounded from session lows against its rivals Monday, supported by a sharp reversal in sterling after UK Foreign Secretary Boris Johnson resigned from government, raising the risk of a vote of no confidence in Prime Minister Theresa May's leadership.