Archive – Banking & Fintech

Caught between trade freedom and human rights

This content was published on Jul 2, 2012 Switzerland’s arms export laws are considered among the strictest worldwide even if breaches or evasions of these rules regularly attract media attention. Erwin Bollinger, of the State Secretariat for Economic Affairs (Seco) and head of the Swiss delegation at the United Nations conference, says a global effort would be very welcome, even if the accord…

Shopping for warfare

This content was published on Jul 2, 2012 The trade and trafficking of arms and light weapons leads to 200,000 deaths every year, according to the United Nations. At present, the arms trade is largely an unregulated business with a blurry line between legal and illicit transfers. In July 2012 the international community gathered at a UN conference on the Arms Trade Treaty…

Wealthy French consider Swiss tax exile

This content was published on Jul 2, 2012 “If François Hollande is elected president and the Left get a majority in parliament, the wealthy will move abroad,” warned Swiss lawyer and tax specialist Philippe Kenel in April. Two months later, all the conditions for an “exodus” are fulfilled: the Socialist Party has an absolute majority the national assembly and its tax programme will…

Government opts for second Gotthard tunnel

This content was published on Jun 28, 2012 In announcing the decision on Wednesday, Transport Minister Doris Leuthard said the government had studied the issue thoroughly. “Every option has advantages and disadvantages and is technically possible … The second tunnel is the one that makes the most sense.” The plan envisages full closure of the current 30-year-old tunnel, one of Europe’s major north-south transit…

Government seeks concession on money laundering

This content was published on Jun 27, 2012 The Swiss reporting office is a member of the Egmont Group, an international association of “Financial Intelligence Units”, which since July last year has been threatening to suspend Switzerland. The MROS, part of the Federal Police Office, is the only member of the 127-strong group that has refused to transmit financial information to fellow authorities.…

Charting the ups and downs of exports

This content was published on Jun 27, 2012 Analysts say the negative impact of the strong franc was not as damaging as it could have been thanks to exchange rate insurance that many Swiss firms bought. However, these policies have now expired. Swiss exports have dipped significantly this year, down 5.5 per cent in the first five months of 2012. The export sector…

Swiss set sights on emerging markets

This content was published on Jun 27, 2012 Switzerland remains highly attractive for these fast-growing economies due to its high standard of living – gross domestic product (GDP) per capita of $67,457 in 2010, according to the World Bank – surpassed only by Norway and Luxembourg. And Swiss firms are keen to tap into the potential of the top ten trading partners in…

“Mexico’s growth is superior to that of Europe”

This content was published on Jun 27, 2012 swissinfo.ch talked to Rudolf Knoblauch, the Swiss ambassador to Mexico, about trade opportunities between the two countries, especially for small-and-medium-sized businesses. swissinfo.ch: How would you describe Switzerland’s business relationship with Latin America? Rudolf Knoblauch: Our relationship with Latin America began long before the Second World War. It’s good, but it could be better. Trade relations…

World’s oldest billionaire dies

This content was published on Jun 27, 2012 According to Forbes’s 2012 list of billionaires, he was the joint 248th richest person in the world and the oldest person worth more than $1 billion. That honour now goes to David Rockefeller Sr., the 97-year-old grandson of oil baron John D. Rockefeller. Haefner, who died last week but whose death was only announced on…

Job cuts reports pile pressure on Credit Suisse

This content was published on Jun 26, 2012 Citing unnamed sources familiar with the planned layoffs, Reuters and The New York Times reported layoffs would begin in the summer and continue over the next 12 months. Reuters said the cuts would primarily affect advisory and financing jobs in London. Credit Suisse declined to comment on the reports. If confirmed, the layoffs will cap…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Caught between trade freedom and human rights

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Shopping for warfare

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Wealthy French consider Swiss tax exile

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Government opts for second Gotthard tunnel

More

Government seeks concession on money laundering

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Charting the ups and downs of exports

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Swiss set sights on emerging markets

More

“Mexico’s growth is superior to that of Europe”

More

World’s oldest billionaire dies

More

Job cuts reports pile pressure on Credit Suisse

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