Partners Group opens Hong Kong office as Swiss swoop in for Chinese cash
HONG KONG -- Swiss private equity firm Partners Group has opened an office in Hong Kong, the first stop for wealthy Chinese who are seeking to diversify into offshore markets.
Asian news from Switzerland
U.K.’s Richest Family Found Guilty of Exploitation but Is Acquitted of Trafficking
A Swiss court on Friday found members of Britain’s wealthiest family guilty of exploiting domestic workers at a luxury villa in Geneva, but acquitted them of the more serious charge of human trafficking.
Hindujas, UK’s richest family, get jail for exploiting Indian staff at Swiss mansion
A Swiss court handed jail sentences to four members of Britain’s richest family on Friday for exploiting Indian staff at their Geneva mansion.
Swiss criminal court to rule on alleged human-trafficking of Indians by billionaire Hinduja family
GENEVA (AP) — A criminal court rules Friday on whether members of a billionaire family engaged in illegal human trafficking and mistreated their servants, mostly illiterate Indians, who were employed at their luxurious lakeside villa in Geneva.
Europe stocks lower; Carlsberg down 8% after bid rejected; UK retail sales beat forecast
LONDON — European stocks were lower Friday morning as investors monitored a slew of central bank decisions and data releases.
Move over, Tokyo. Hong Kong is now the most expensive city to build, survey shows
Hong Kong has surpassed Tokyo as Asia's most expensive city to build property as rising construction prices add to a worsening labor crunch, a new market survey released by Turner & Townsend showed.
Switzerland makes second interest rate cut as major economies diverge on monetary policy easing
The Swiss National Bank on Thursday trimmed its key interest rate by 25 basis points to 1.25%, continuing cuts at a time when sentiment over monetary policy easing remains mixed among major economies.
Ukraine peace summit is a ‘success’, China key to ending war: ambassador to Singapore
Speaking to This Week in Asia in an exclusive interview on Wednesday, Zelenko said: “Of course, it was a [diplomatic] success. The fact that the summit took place is a milestone in the entire peaceful process, finding ways for just, lasting and comprehensive peace for Ukraine.”