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Geneva earnings after tax climb to $5.26b in Q1 of 2015

uppp

BERN: Earnings after tax climbed to $5.26 billion in the three months to the end of March, compared with $5.21 billion a year earlier, the Asia-focused bank reported in a results statement. Pretax profits advanced 4.4 percent to $7.1 billion in the same period. That sent HSBC’s share price racing higher in morning trading because it easily beat market expectations ... Read More »

Geneva earnings after tax climb to $5.26b in Q1 of 2015

uppp

BERN: Earnings after tax climbed to $5.26 billion in the three months to the end of March, compared with $5.21 billion a year earlier, the Asia-focused bank reported in a results statement. Pretax profits advanced 4.4 percent to $7.1 billion in the same period. That sent HSBC’s share price racing higher in morning trading because it easily beat market expectations ... Read More »

Swiss central bank to spend over $100b to hold down currency value

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GENEVA: Central Bank senior official said Switzerland would have had to spend more than $100 billion this month alone if it had continued efforts to hold down the value of its currency. The Swiss National Bank scrapped a three-year-effort to keep down the value of the franc, sending the Swiss currency soaring by as much as 30 percent. The soaring ... Read More »

ATF to boost Taiwan GDP by more than $3.8 billion

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TAIPEI: “Agreement on Trade Facilitation (ATF) is expected to be implemented which means bringing a high boost in Taiwan’s gross domestic product (GDP) by more than US $3.8 billion and an improved efficiency in customs procedures lowering trading costs” said the Ministry of Economic Affairs (MOEA) The MOEA said that the ATF is expected to take effect in the second ... Read More »

Islamabad-Geneva sign treaty on avoidance of double taxation

Pak-Switzerland

ISLAMABAD: Three days visit of the Pakistani delegation to Switzerland ended in signing a revised treaty on avoidance of double taxation. The treaty will also help Islamabad seek information about the money deposited by Pakistani nationals in Swiss banks for tax purposes. The documents were inked at the conclusion of talks held in Geneva to renegotiate the July 2005 Convention ... Read More »