Archive – Banking & Fintech

Have multinationals had their day?

This content was published on Apr 10, 2014 But Sam Palmisano, former chief executive of IBM, thinks they are reaching the end of their natural life. Multinationals’ hub-and-spoke model will be superseded by “globally integrated enterprises” (GIEs), which will shed national identity and serve customers from wherever in the world makes most sense, backed by a global supply chain and global support functions.…

Swiss tech group Kudelski targets Apple

This content was published on Apr 10, 2014 The lawsuit identifies iOS mobile devices, Apple TV, App Store, iTunes, iADS, Safari and OS X-based personal computers as infringing the patents owned by OpenTV and Nagravision, the company said in a statement released on Wednesday evening. Kudelski – based in Cheseaux-sur-Lausanne in the French-speaking part of Switzerland – did not give further details about…

‘Black money’ problem stalks Indian elections

This content was published on Apr 10, 2014 “Black money leaving the country has become a symbolic issue during the elections,” Arun Kumar, a professor of economics at Jawaharlal Nehru University in New Delhi, told swissinfo.ch. “People are demanding that the trillions of dollars that have gone to tax havens over the last 70 years are brought back. If that happens, people believe…

Opinion

Return of the mega-merger as Lafarge and Holcim turn cement into profits

This content was published on Apr 9, 2014 Mega-mergers have a bad reputation. While they grab the headlines and always look fantastic when first presented, they frequently destroy value. DaimlerChrysler and TimeWarner are two particularly painful examples. So why would successful companies like Lafarge and Holcim be tempted? A recent report by Goldman Sachs gives a hint. They write: “M&A that drives an…

Swiss start-ups get help with US market breakthrough

This content was published on Apr 8, 2014 For Carlos Ruiz, it all started with a tortilla – or, more specifically, the lack thereof in his adopted home city of Zurich. The native Mexican came to Switzerland to study political science and was working on a master’s degree when he realised he wanted to take his business idea – a tortilla and bread…

Big pharma fights back from China scandal

This content was published on Apr 3, 2014 China suddenly looked a more perilous place for western drugmakers to do business, and the following months saw a slowdown in sales as companies became more cautious in the way they marketed to doctors. As time has passed, however, industry executives and analysts say the sense of crisis has gradually abated. Bruno Gensburger, external affairs…

Weatherford move highlights Swiss problems

This content was published on Apr 3, 2014 Low Swiss cantonal tax rates have proved a magnet for multinational firms in the past few decades. But international pressure to reform tax practices, combined with a perceived Swiss intolerance of foreigners, have recently tarnished the reputation of ‘Location Switzerland’. Weatherford only moved its HQ from Bermuda to Switzerland in 2008, but the company now feels…

Widow of Zurich CFO rejects suicide report

This content was published on Apr 2, 2014 “We cannot accept your conclusion that his suicide was unaccountable,” Fabienne Wauthier told the packed hall on Wednesday. She was joined on stage by her daughter and the mother and brother of her late husband Pierre. Wauthier’s brother added: “It was not normal pressure at the office that led to his suicide.” Pierre Wauthier killed…

Swiss tax allies falling by the wayside

This content was published on Apr 1, 2014 The two European Union states caved in to demands last month by signing up to the revised EU savings tax directive (EUSTD) that closes many loopholes on the current withholding tax model. Last year, Switzerland agreed to renegotiate its own withholding tax deal with the EU, signed a tax exchange deal with the United States (FATCA)…

Indian complaint over secret accounts confirmed

This content was published on Mar 30, 2014 A finance ministry spokesman confirmed to the Sonntagszeitung newspaper that the letter had arrived and that the Indian finance minister would get a reply “soon”. Palaniappan Chidambaram wrote to Widmer-Schlumpf on March 13, stating that Switzerland had failed to provide administrative assistance in an investigation into suspected tax evasion. According to the Sonntagszeitung, the Indians…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Have multinationals had their day?

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Swiss tech group Kudelski targets Apple

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‘Black money’ problem stalks Indian elections

More

Return of the mega-merger as Lafarge and Holcim turn cement into profits

More

Swiss start-ups get help with US market breakthrough

More

Big pharma fights back from China scandal

More

Weatherford move highlights Swiss problems

More

Widow of Zurich CFO rejects suicide report

More

Swiss tax allies falling by the wayside

More

Indian complaint over secret accounts confirmed

Popular Stories

Most Discussed