Archive – Banking & Fintech

Is Swiss watchmaking’s China boom over?

This content was published on Mar 26, 2014 Slower economic growth and a Chinese government anti-corruption campaign have cast a shadow over Swiss watch exports to China.

IMF gives Swiss economy a ‘thumbs–up’

This content was published on Mar 24, 2014 Following its regular assessment of the Swiss economy, carried out from March 14-24, the IMF said monetary conditions had improved over the past 12 months but renewed appreciation of the Swiss franc could quickly bring back deflationary pressures. As a result it recommends the Swiss National Bank (SNB) to maintain its exchange rate floor of…

Pharmaceutical bosses remain best paid CEOs

This content was published on Mar 21, 2014 Novartis’ Joe Jimenez earned CHF13.2 million ($16 million) last year, while Severin Schwan of crosstown competitor Roche raked in CHF11.9 million. The two men already had the highest salaries in 2012. Third place went to Transocean CEO Steven L. Newman who took home an estimated CHF11.6 million, although that figure has yet to be confirmed…

Swiss cheese takes top place

This content was published on Mar 20, 2014 Out of a possible 100 points, the Emmentaler scored 97.85 in the final round of judging on Wednesday. The cheese scored top honours out of 2,615 entries from 22 countries. An Austrian entry, called Erzherzog Johann, came in second place. Another Swiss entry, Gruyere AOP, was third. American cheesemakers scored big in the competition, winning…

Hacker arrested in Thailand

This content was published on Mar 18, 2014 The hacker, who has dual Russian and Moroccan citizenship, was arrested on March 11, ministry spokesman Folco Galli told swissinfo.ch on Tuesday. Filed in September 2013, the request for extradition by the Federal Office of Police was based on an arrest warrant from the federal prosecutor for the fraudulent use of a computer, Galli said.…

Hoeness case part of ‘painful’ change for bankers

This content was published on Mar 18, 2014 The Munich court heard that Hoeness opened his Vontobel account in 1975 after being charmed by a banker during a trip to the Swiss resort of Lenzerheide. Hoeness later used the bank to indulge in an orgy of risky trades – numbering up to 300 a day – that saw him rack up millions in…

Mild winter results in building boom

This content was published on Mar 12, 2014 The Swiss Building Association announced on Wednesday that this made up for a poor 2012, when icy temperatures froze many building sites and turnover shrank by 3.9% on 2011 – the first dip for nine years. The Swiss construction industry has increased by nearly 40% over the past decade, but this rhythm will not continue.…

World Cup has ‘little’ impact on Brazil’s problems

This content was published on Mar 12, 2014 Carlos Braga, professor of international political economy at the IMD management school in Lausanne – and the only Brazilian among the 60 prominent professors at the school – explains to swissinfo.ch the context of the protests and the possible impact of the football tournament. swissinfo.ch: 2014 is an important year for Brazil. What expectations do…

Zurich Insurance to axe 800 jobs to cut costs

This content was published on Mar 11, 2014 Zurich’s plans to remove management layers between the main office and the individual business units will simplify its organisational structure, according to a statement released on Tuesday. Zurich will cut most of the jobs in Switzerland, Britain and Ireland, a company spokeswoman told the Swiss News Agency. At its Investor Day at the end of…

Warm winter spells fewer ski resort visitors

This content was published on Mar 9, 2014 Overall, the number of ski resort visitors dropped 11.6% in February compared to the previous year, according to a report in the SonntagsZeitung newspaper, and January numbers fell 11.1%. Cantons Graubünden and Valais suffering the worst fallout with 13% and 16% declines, respectively, and skiers in canton Bern dropped 10%. Only Ticino, which experienced record…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Is Swiss watchmaking’s China boom over?

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IMF gives Swiss economy a ‘thumbs–up’

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Pharmaceutical bosses remain best paid CEOs

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Swiss cheese takes top place

More

Hacker arrested in Thailand

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Hoeness case part of ‘painful’ change for bankers

More

Mild winter results in building boom

More

World Cup has ‘little’ impact on Brazil’s problems

More

Zurich Insurance to axe 800 jobs to cut costs

More

Warm winter spells fewer ski resort visitors

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