Archive – Banking & Fintech

Telecom watchdog urges parliament to go last mile

This content was published on Oct 7, 2004 Fulvio Caccia, president of the Communications Commission (ComCom), told swissinfo that the revision was crucial if consumers were to benefit fully from market liberalisation. On Wednesday, the House of Representatives started discussing a revision to the 1997 Swiss telecommunications law, which laid the legal basis for liberalisation. It includes a provision that would allow rivals…

Deiss seeks to boost ties with Japan

This content was published on Oct 6, 2004 The trip, which includes a meeting with Prime Minister Junichiro Koizumi, also marks the 140th anniversary of the first trade treaty signed between the two countries. Japan is Switzerland’s most important trading partner in Asia. In 2003 exports from Switzerland to Japan totalled SFr5.14 billion ($4.06 billion), while imports from Japan were worth SFr2.64 billion.…

Swiss take key step to end insider dealing

This content was published on Oct 6, 2004 The Swiss Federal Banking Commission says the new regulations will bring Switzerland into line with other European countries. Under the new rules, listed companies will be obliged to disclose any major transactions involving their own shares on the part of management members. The stock exchange (SWX) announced on Tuesday that the guidelines had been approved…

Swissair saga shows risks of uncontrolled take-off

This content was published on Oct 6, 2004 But a recent study shows that the former national airline is not the only Swiss company paying the price of unrealistic expansion strategies. The study by consultants Bain & Company concludes that only one Swiss company in ten has succeeded in combining steady growth with consistent profitability over the past decade. The list of strategic…

Credit Suisse warns growth will slow in 2005

This content was published on Oct 5, 2004 Switzerland’s number two bank on Tuesday forecast that economic growth would be 1.8 per cent this year, declining to 1.6 per cent in 2005. The figures are exactly the reverse of those given out last week by the KOF Institute for Business Cycle Research in Zurich. KOF predicted 1.6 per cent growth for this year…

Swiss money funds US presidential elections

This content was published on Oct 5, 2004 For Swiss firms, financial considerations play a major part in the decision to support George Bush or John Kerry. The final stage of the race for the White House is underway, and will end with the election on November 2. A lively interest in the outcome is evident in Switzerland, not only on the part…

Zurich startup aims to unwire factory networks

This content was published on Oct 4, 2004 e-Vision AG is its name. In 1999, a team of designers that developed some of the world’s first digital cellular (GSM) chipsets took the risky move to leave their jobs at a Philips R&D lab in Zurich to start their own firm. Unlike its next door neighbour in bustling Zurich-North, Bridgeco AG, which has raised…

Debt cancellation proves a step too far

This content was published on Oct 2, 2004 Swiss ministers attending the annual meetings of the IMF and World Bank in Washington said forgiving debt would not solve the real problems. Switzerland has been a member of the IMF and the World Bank since 1992, representing seven poorer countries and holding a seat on the 24-member board. Government ministers and central bank governors…

Lausanne builds Switzerland’s first metro

This content was published on Oct 1, 2004 The ambitious, technologically innovative project is expected to improve mobility for Lausanne’s 250,000 inhabitants. The M2 project will replace an existing funicular railway connecting the city centre with the banks of Lake Geneva. The new system will have the capacity to transport 70,000 people a day, or 25 million a year. The journey time between…

Swiss seek long-term solution to poor world debt

This content was published on Oct 1, 2004 But the government says American proposals to completely cancel debts would not solve the problems faced by these countries. The Swiss are backing a British plan to cancel poor countries’ debt, but insist that any arrangement must be agreed within the framework of the Bretton Woods institutions, which include the International Monetary Fund and the…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Telecom watchdog urges parliament to go last mile

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Deiss seeks to boost ties with Japan

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Swiss take key step to end insider dealing

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Swissair saga shows risks of uncontrolled take-off

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Credit Suisse warns growth will slow in 2005

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Swiss money funds US presidential elections

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Zurich startup aims to unwire factory networks

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Debt cancellation proves a step too far

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Lausanne builds Switzerland’s first metro

More

Swiss seek long-term solution to poor world debt

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