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SPI Index Rises as EFG International and Adval Tech Lead Gains

The SPI index closed 1.06% higher at 16,950.37 points, reflecting a year-to-date increase of 9.23%. Strong performers included Adval Tech and EFG International, while Pierer Mobility saw the largest decline. UBS led in trading volume, and Nestlé maintained the highest market capitalization.
finanzen.ch
Euro Edisun Power Europe Ltd. EFG International AG Klingelnberg AG PIERER Mobility AG ORIOR AG Phoenix Mecano AG Peach Property Group AG Leclanche S.A. Nestlé S.A. Relief Therapeutics SA BB Biotech AG CHE Show more
Finance & Economy, Market Report
22:43 10.06.2025

bedrock ocean secures 25 million to explore seafloor with robotics

Bedrock Ocean has successfully raised $25 million to enhance its efforts in mapping the seafloor using advanced robotics. This funding aims to support innovative technologies that will improve underwater exploration and data collection. The initiative highlights the growing interest in oceanic research and sustainable practices.
StartupNews.fyi
Technology & Innovation, News Article
22:33 10.06.2025

Franklin Templeton launches intraday yield feature for Benji investment platform

Franklin Templeton has introduced an innovative 'Intraday Yield' feature for its Benji platform, enhancing the investment experience for users. This new functionality aims to provide real-time insights into yield performance, reflecting the company's commitment to leveraging technology in finance.
StartupNews.fyi
USA
Finance & Economy, Press Release
22:03 10.06.2025

UBS Appoints Investment Banker Murphy for Consumer Sector Transactions

UBS has appointed investment banker Murphy to focus on consumer deals, enhancing its capabilities in this sector. This strategic hire reflects the firm's commitment to strengthening its investment banking division and expanding its market presence.
fnlondon.com
CHE Cillian Murphy
Finance & Economy, News Article
22:02 10.06.2025

Dubai man sentenced for cryptocurrency scam costing victim over 224000 dirhams

A Dubai resident lost over Dh224,000 in a cryptocurrency scam after being lured by false promises of high returns. The victim transferred funds to various accounts, leading to the arrest of one account holder, who was found guilty of concealing illegally obtained money. A civil court ordered the scammer to repay Dh224,239 plus Dh20,000 for damages, while the criminal court sentenced him to one month in jail, a fine, and deportation.
instagram.com
ARE NGA
Finance & Economy, Social Media Post
21:30 10.06.2025

Warner Bros Discovery Split Signals Potential Industry Consolidation Opportunities

Warner Bros. Discovery, Inc. is set for a split that could lead to further industry consolidation, according to UBS. The company operates in three segments: broadcasting (48.7% of net revenues), audiovisual production and distribution (28%), and pay-TV broadcasting and streaming (23.3%). The U.S. contributes 67.8% of its net revenue, primarily from licensing and distribution rights (49%) and advertising sales (21%).
MarketScreener Schweiz
Warner Bros. Discovery Inc. USA
Business & Industry, Market Report
21:14 10.06.2025

FlexiLoans secures 375 crore funding to enhance product offerings

FlexiLoans, a non-banking financial company (NBFC), has secured INR 375 crore in funding to enhance its product offerings. This investment aims to strengthen the company's position in the market and expand its services to better meet customer needs.
StartupNews.fyi
IND
Finance & Economy, Press Release
20:54 10.06.2025

Investors Encouraged to Phase into Stocks Despite S&P 500 Nearing All-Time High

With the S&P 500 nearing its all-time high, investors are cautious about entering the market. Historical data indicates that buying at peaks has often been less risky than perceived, with many avoiding significant drawdowns. To mitigate timing risks and inflation concerns, underallocated investors are encouraged to phase into equities gradually, utilizing strategies like dollar-cost averaging and structured investments to enhance returns while managing risk.
Global
USA CHE FRA Justin Waring Show more
Finance & Economy, Market Report
20:52 10.06.2025

Linear secures 82 million dollars at 1.25 billion dollar valuation

Linear, a competitor to Atlassian, has successfully raised $82 million in funding, achieving a valuation of $1.25 billion. This significant investment underscores the growing interest in tools that enhance productivity and collaboration in the tech industry.
StartupNews.fyi
USA
Business & Industry, News Article
20:42 10.06.2025

Meta invests nearly 15 billion dollars in Scale AI stake

Meta is set to invest nearly $15 billion to acquire a stake in Scale AI, according to recent reports. This significant financial move underscores Meta's commitment to enhancing its capabilities in artificial intelligence and data processing. The deal is expected to bolster both companies' positions in the tech industry.
StartupNews.fyi
USA
Business & Industry, News Article
20:38 10.06.2025
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