Archive – Banking & Fintech

Nestlé feels deflation and Swiss franc squeeze

This content was published on Feb 19, 2015 The Switzerland-based maker of Nescafé coffee and KitKat chocolate said 2014 organic sales, which excludes currency swings and acquisitions, rose 4.5%. Analysts on average were expecting a 4.5% increase, according to a Reuters poll, after Nestlé signalled in October it was likely to fall short of its 5% goal. Full-year sales were CHF91.6 billion ($97.3…

Industrial exporters go back to the drawing board

This content was published on Feb 18, 2015 Sales, orders and profits from exporters slumped at the end of 2014 – even before the SNB abandoned its defence of the franc.

Sunday shopping to lure more tourists

This content was published on Feb 18, 2015 Economics Minister Johann Schneider-Ammann says major shopping centres within 15km of the Swiss border serving primarily tourists and selling luxury goods can open their doors also on Sunday. The measure, agreed by the government on Wednesday, currently applies to two centres with about 1,400 employees in the Ticino and the Graubünden regions. The decision is…

Swiss economy must adapt or lose out, says UBS boss

This content was published on Feb 18, 2015 In an opinion piece published on Wednesday in the newspapers Le Temps, Tages-Anzeiger, Der Bund and Corriere del Ticino, Ermotti said the Swiss economy must be prepared to face new realities in the face of falling growth forecasts. He was critical of the uncertainties associated with the implementation of the February 2014 vote on immigration…

Cabinet moots increase in petrol tax

This content was published on Feb 18, 2015 In its bill to parliament, the transport ministry proposed an increase from CHF0.30 per litre to CHF0.36 from 2018 to be fed into a new road transport fund. The government initially proposed a hike to CHF0.45 per litre but faced opposition from pressure groups, notably road hauliers, motoring associations and the political right. “Switzerland would…

National Bank chairman explains Switzerland’s success

This content was published on Feb 17, 2015 In a speech titled “Switzerland at the heart of Europe: between independence and interdependence”, Jordan highlighted the features that have helped the country survive periods of economic crisis. Fiscal policy The Swiss franc is a strong and important currency which has historically played “a much bigger role in the international financial system than the size…

Opinion

Central banks and the bottom line

This content was published on Feb 17, 2015 The Swiss decision raises questions about how much leverage central banks should exert over a nation's balance sheet.

Government launches campaign to help smokers quit

This content was published on Feb 16, 2015 The health ministry has launched a new campaign to give smokers who are thinking about quitting the final push they need to give up the habit for good.

Sika shareholders unite against takeover move

This content was published on Feb 16, 2015 In December of last year, descendants of the founder of the hallmark building materials company announced they were selling off their 16% stake in the enterprise to French conglomerate Saint-Gobain. However, because of an unusual “opt-out” clause in the company takeover law, those family members gained 52% of the voting rights and, with that, the…

Banks dismantle ‘strings of pearls’ as they turn to dust

This content was published on Feb 16, 2015 Global networks are targets for US money laundering investigations

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Nestlé feels deflation and Swiss franc squeeze

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Industrial exporters go back to the drawing board

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Sunday shopping to lure more tourists

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Swiss economy must adapt or lose out, says UBS boss

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Cabinet moots increase in petrol tax

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National Bank chairman explains Switzerland’s success

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Central banks and the bottom line

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Government launches campaign to help smokers quit

More

Sika shareholders unite against takeover move

More

Banks dismantle ‘strings of pearls’ as they turn to dust

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