{
ISL

Country

}
switzerland withdraws mfN status amid india switzerland trade agreement negotiations
Switzerland has withdrawn the 'most favoured nation' status from India under the Double Taxation Avoidance Agreement, following a Supreme Court ruling that imposed a higher tax rate on Nestle. This move raises concerns about the credibility of India's commitments to foreign investors, especially as the Trade and Economic Partnership Agreement with EFTA is set for ratification. Indian officials suggest that the TEPA may take precedence over the DTAA, indicating potential renegotiations ahead.
fortuneindia.com
United States Dollar Indian Rupee Euro Nestle SA IND NOR CHE ISL LIE Randhir Jaiswal Ashwani Mahajan Show more
Regulatory & Legal, News Article
07:37 15.12.2024
Switzerland suspends MFN status for India following Supreme Court ruling
Switzerland has suspended the most favoured nation (MFN) status for India, resulting in a 10% tax on dividends from Indian entities starting January 1. This decision follows a Supreme Court ruling that clarified the MFN clause's applicability concerning OECD membership. India's Ministry of External Affairs indicated that the double taxation treaty with Switzerland may need renegotiation due to India's recent trade pact with the European Free Trade Association, which aims to attract $100 billion in investments over the next 15 years.
Hindustan Times
Norwegian Krone Indian Rupee United States Dollar Swiss Franc Euro Nestlé S.A. LTU IND NOR COL ISL LIE CHE Randhir Jaiswal Show more
Regulatory & Legal, News Article
01:37 14.12.2024
switzerland suspends mfN clause in tax treaty with india impacting investments
Switzerland has suspended the Most-Favoured-Nation (MFN) clause in its Double Taxation Avoidance Agreement (DTAA) with India, effective January 1, 2025, following an Indian Supreme Court ruling that requires a notification for the MFN clause to apply. This decision could lead to higher taxes on dividends for Swiss companies operating in India and may jeopardize a $100 billion investment commitment under the European Free Trade Association (EFTA) deal. The Swiss government cited a lack of reciprocity in the DTAA as the reason for this significant shift in bilateral treaty dynamics.
The Indian Express
United States Dollar Swiss Franc Indian Rupee Euro Nestlé S.A. IND COL SVN LTU NOR CHE ISL LIE Amit Maheshwari Sandeep Jhunjhunwala Show more
Regulatory & Legal, Press Release
12:36 13.12.2024
Costco Wholesale Insider Sales and Institutional Investment Activity Update
Costco Wholesale's stock was sold at an average price of $894.68, totaling $1,266,866.88, resulting in a 4.91% decrease in ownership for the executive vice president, who now holds 27,400 shares valued at $24.5 million. In the past ninety days, insiders sold 11,016 shares worth nearly $9.8 million, with institutional investors owning 68.48% of the stock. Analysts have raised price targets for Costco, with UBS Group setting a new target of $1,040, indicating a potential upside of 4.42%.
MarketBeat
Costco Wholesale Corporation KOR ISL USA SWE CAN CHN FRA ESP TWN PRI NZL MEX AUS GBR JPN Richard Galanti Russell D. Miller Show more
TradFi, Market Report
20:27 12.12.2024
costco wholesale insider trading activity and hedge fund investments update
Costco Wholesale's stock was sold at an average price of $894.68, totaling $1,266,866.88, resulting in a 4.91% decrease in ownership for the executive vice president, who now holds 27,400 shares valued at $24.5 million. In the past ninety days, insiders sold 11,016 shares worth nearly $9.8 million, with institutional investors owning 68.48% of the company. Analysts have raised price targets for Costco, with UBS Group setting a new target of $1,040, indicating a potential upside of 4.42%.
MarketBeat
Costco Wholesale Corporation GBR ESP CAN AUS NZL USA SWE TWN FRA MEX ISL KOR CHN JPN PRI Russell D. Miller Richard A. Galanti Show more
Finance & Economy, Market Report
20:27 12.12.2024
Switzerland and India forge free trade agreement amid sustainability concerns
The Council of States has approved a free trade agreement with India, presenting significant opportunities for Switzerland's export-driven economy, particularly in machinery, watchmaking, and pharmaceuticals. However, concerns arise over sustainability, patent law, and the trade of war materials, with critics questioning the adequacy of oversight and the commitment to ethical investment practices. The agreement includes a pledge of $100 billion to create one million jobs in India, but the source and conditions of this funding remain unclear.
Tages-Anzeiger
United States Dollar Swiss Franc Tamedia EFTA WTO RUS LIE IDN IND CHE CHN NOR ISL Show more
Finance & Economy, News Article
16:05 03.12.2024
Iceland's Social Democrats lead in snap election amid key issues
Iceland's Social Democrats emerged as the frontrunners in a snap election, driven by key issues such as immigration, energy policy, and the economy. Public support for EU membership has risen to 45%, marking a significant shift after more than a decade. Prime Minister Bjarni Benediktsson called the election following disputes among the ruling coalition, which saw all three governing parties lose support.
POLITICO
AP Reuters ISL Bjarni Benediktsson
Finance & Economy, News Article
13:29 01.12.2024
Icelandic opposition party leads in snap elections amid cost of living crisis
Iceland's opposition Social Democrats are leading in snap parliamentary elections, driven by public dissatisfaction with high living costs and housing shortages. They garnered 22.6% of the early vote count, a significant increase from 9.9% in 2021, while the incumbent Independence Party follows closely at 21.6%. Preliminary results are expected in several hours.
Bloomberg.com
United States Dollar Independence Party ISL Bjarni Benediktsson
Finance & Economy, News Article
01:54 01.12.2024
Iceland faces snap election amid economic discontent and rising living costs
Icelanders are voting in a snap parliamentary election amid rising discontent over high living costs, despite a cooling economy. Key issues include inflation, housing shortages, and long hospital wait times, which have emerged following the dissolution of the ruling coalition last month. The opposition is expected to gain from voters' frustrations as the central bank begins to ease interest rates.
Bloomberg.com
ISL
Finance & Economy, News Article
07:00 30.11.2024
Iceland faces snap election amid cost-of-living crisis and severe snowstorm
Iceland is set to hold a snap election on Saturday, with voters poised to oust the ruling coalition amid a pressing cost-of-living crisis. However, the counting of ballots may be delayed due to an anticipated severe snowstorm.
reuters.com
Reuters ISL
Finance & Economy, News Article
03:05 30.11.2024
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