Tax Fraud Blotter: Way off the books accountingtoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountingtoday.com Daily Mail and Mail on Sunday newspapers.
BRUSSELS (dpa-AFX) - The Switzerland stock market started off on a slightly sluggish note on Friday, but gained in strength as the session progressed and hit a new record high, and eventually ended
Swiss Life enters into a deferred prosecution agreement for its PPLI products sold to U.S. persons and agrees to cooperate with the DOJ in providing documents and information about potential tax evasion by those U.S. persons.
Swiss Market Ends Slightly Weak
BRUSSELS (dpa-AFX) - The Switzerland stock market recovered after a mild early setback Thursday morning, and despite holding in positive territory for a long time thereafter, slipped in the final minutes to end the session with a marginal loss.
Profit taking after recent gains contributed to the slightly lower close. Investors also reacted to data showing the country s exports grew at a softer pace in the month of April.
The benchmark SMI, which hit a fresh record high at 11,408.61, ended the day at 11,340.27, down 8.47 points or 0.07%.
Swiss Life Holding, UBS Group and Credit Suisse gained 1.7 to 2.1%. ABB, Swiss Re, Richemont, Holcim, SGS and Geberit advanced 0.6 to 1.3%.
Swiss Market Ends Higher For 4th Straight Session
BRUSSELS (dpa-AFX) - The Switzerland stock market ended higher on Wednesday, extending gains to a fourth straight session, amid continued optimism about global economic recovery.
A report from Credit Suisse & CFA Society Switzerland said the Swiss investor sentiment index rose by 3.9 points from the previous month to a new record high of 72.2 in May 2021, pointing to a strong economic recovery over the next six months.
The benchmark SMI, which hit a fresh record high at 11,382.32, ended the session with a gain of 43.00 or 0.38% at 11,348.74.
Richemont shares climbed more than 3%, as investors continued to pick up the stock following strong quarterly results. SGS advanced 2.05%, Swatch Group gained 1.85% and Alcon moved up 1.1%. Novartis, Sika, Givaudan, Roche Holding and Lonza Group ended with modest gains.