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Search resuls for: "Ruben Sprich"


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The logo of Swiss Financial Market Supervisory Authority FINMA is seen outside their headquarters in Bern, Switzerland April 5, 2016. We want reform so that we don't end up in the same mess again as we had with Credit Suisse." Earlier this year, Switzerland's financial regulator deflected blame for the collapse of the country's second-biggest bank saying it had been quick to respond, calling instead for more powers to take lenders to task. The regulator, however, has enjoyed little support among Swiss politicians, many of whom long sought to keep it weak. In the run up to the collapse of Credit Suisse, FINMA saw a string of key departures.
Persons: Ruben Sprich, Eva Herzog, Herzog, FINMA, Noele Illien, Sharon Singleton Organizations: Swiss Financial Market, Authority, REUTERS, UBS Group, Credit Suisse, Swiss, UBS, International Monetary Fund, Thomson Locations: Bern, Switzerland, Europe, Swiss
Sergey Brin's airship company LTA Research recently received flight clearance for its vessel Pathfinder 1. Brin launched the company in 2016 and plans to use his airships to deliver humanitarian aid. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementGoogle cofounder Sergey Brin's secretive airship is ready to take flight. LTA Research, Brin's company that aims to deliver humanitarian aid through "lighter than air" blimp-like vehicles, announced this week that its Pathfinder 1 vessel received its airworthiness certificate.
Persons: Sergey Brin's, Brin, , Sergey, Alan Weston, Weston —, — Weston, Ruben Sprich, It's Organizations: LTA Research, Pathfinder, Service, LTA, Moffett, NASA, Google, Goodyear, IEEE Spectrum, Financial Times, Boeing, Bloomberg, Weston, FAA Locations: airspaces, Bay, Palo, Akron , Ohio
The future may be bright and electric but copper and the rest of the LME metals are currently caught in an old-fashioned industrial downturn. Such "green" investment appears to be acting as a major offset to the downturn in the traditional metals demand driver that is the commercial property market. MIXED SIGNALSThe energy transition and the resulting booster to metals demand was the core talking-point at this year's collective LME Week discussions. Yet the LME metals have not yet escaped the gravitational pull of the traditional industry cycle. But most visitors to LME Week will have returned home braced for more short-term price weakness.
Persons: Ruben Sprich, Max Layton, Tin, Jeremy Pearce, Jorge Vazquez, Jim Lennon, Sharon Singleton Organizations: REUTERS, Metal Exchange, Citi, International Tin Association, HIT, Study, GREEN, Groups, European Union, Producers, Reuters, Thomson Locations: Thoerishaus, Bern, London, Macquarie, China, Europe, North America, Indonesia, GREEN CHINA, China . China, United States
Used copper wires are seen in a recycling company in Thoerishaus near Bern July 3, 2011. Copper producers increasingly want to share the risk and costs of projects, and the sector has already seen a jump in M&A activity, which more than doubled year-on-year to $14.24 billion in 2022. Miner and trader Glencore (GLEN.L) has been approached by potential investors in its Argentine copper projects Minera Agua Rica Alumbrera (Mara) and El Pachon, two sources said. According to Argentine government data, the projects could produce a combined 435,000 tonnes of copper a year. Both sources declined to be named because the information is not public.
Persons: Ruben Sprich, Glencore, Mara, El, Canada's Lundin, Jack Lundin, Lundin, Hudbay, EY, Paul Mitchell, Farid Dadashev, Clara Denina, Divya Rajagopal, Julian Luk, Veronica Brown, Jan Harvey Organizations: REUTERS, Sumitomo Metal Mining, Sumitomo, Reuters, BHP Group, BHP, Santo Domingo, Hudbay, Capstone, Taca Taca, Global Mining, Metals, RBC Capital Markets, Thomson Locations: Thoerishaus, Bern, Miner, Agua Rica, Argentine, Josemaria, Chile, Santo, Arizona, Rio Tinto's, Peru, Argentina
Swiss financial watchdog to lose more staff
  + stars: | 2023-09-21 | by ( ) www.reuters.com   time to read: +1 min
The logo of Swiss Financial Market Supervisory Authority FINMA is seen outside their headquarters in Bern, Switzerland April 5, 2016. Preisig, who said she wants to take on a new role outside of FINMA, has headed the Strategic Services division since 2020. FINMA, the Swiss government and the Swiss National Bank have come under fire for their perceived late intervention following the collapse of Credit Suisse and its subsequent rescue by larger rival UBS (UBSG.S) in March. The regulator's secretary general, the head of international affairs and the head of communications have also recently resigned. Reporting by Oliver Hirt, Writing by Noele Illien; Editing by Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.
Persons: Ruben Sprich, Johanna Preisig, Urban, Preisig, Angehrn, Oliver Hirt, Noele Illien, Sharon Singleton Organizations: Swiss Financial Market, Authority, REUTERS, UBS Group, Strategic Services, FINMA, Swiss National Bank, Credit Suisse, UBS, Thomson Locations: Bern, Switzerland, FINMA, Swiss
Swiss, Italian financial authorities sign cooperation agreement
  + stars: | 2023-08-16 | by ( ) www.reuters.com   time to read: +1 min
The logo of Swiss Financial Market Supervisory Authority FINMA is seen outside their headquarters in Bern, Switzerland April 5, 2016. REUTERS/Ruben Sprich/File Photo Acquire Licensing RightsZURICH, Aug 16 (Reuters) - Switzerland's financial market supervisory authority FINMA on Wednesday said it had signed a cooperation agreement with Italian supervisory authority CONSOB and Italian national bank, Banca d'Italia, to intensify their cooperation. "Thanks to this agreement, the authorities involved can carry out their supervisory activities even more effectively across borders. This increases legal certainty for supervised institutions operating in Italy and Switzerland," FINMA head Urban Angehrn said in a statement. The agreement would help financial groups gain clearer legal certainty concerning their access to the Italian market, FINMA said.
Persons: Ruben Sprich, Urban Angehrn, FINMA, Brenna Hughes, Alexandra Hudson Organizations: Swiss Financial Market, Authority, REUTERS, Rights, Banca d'Italia, Alexandra Hudson Our, Thomson Locations: Bern, Switzerland, Italy
In a video posted by Vice, Clarke addressed Clearlink's return-to-office mandate and said that many of his remote workers didn't open their laptops for a month. Online therapy fills a critical need — but it has a dark side. The data Loris used to create its "empathetic" software was generated from text conversations with people in distress, sourced from Loris' parent company, Crisis Text Line, a nonprofit suicide-prevention hotline. That is, however, according to Musk, who told Tucker Carlson that the two tech billionaires disagreed on safety and regulation. The real reason bosses are freaked out by remote work: they think it's for "sissies."
BENGALURU (Reuters) - U.S. Treasury Secretary Janet Yellen said on Saturday that she believes the strong qualifications of the U.S. nominee to lead the World Bank, ex-Mastercard CEO Ajay Banga, will overcome any criticism of the selection process. FILE PHOTO: Ajay Banga, President and CEO Mastercard attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 19, 2017. REUTERS/Ruben Sprich/File PhotoIn an interview, Yellen affirmed her support for the longstanding tradition of the United States choosing the World Bank’s leader and Europe choosing the head of the International Monetary Fund. As the World Bank’s largest shareholder with 16.35% of its voting power, the United States wields strong influence over the bank’s policies, and the lender’s president works closely with the Treasury Department. Yellen is pressing the World Bank to refine a package of sweeping reforms aimed at vastly expanding its lending resource and mission to tackle climate change and other global challenges.
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