Archive – Banking & Fintech

Economic outlook improves

This content was published on Mar 23, 2012 The institute said in statement on Friday that the economy would improve, especially towards the end of the year, despite exports suffering from the effects of the strong franc and stagnation in Europe. KOF pointed out that the Swiss economy had escaped recent turbulence relatively unscathed, boosted by private consumption, a robust labor market and…

Credit Suisse boss sees pay shrink

This content was published on Mar 23, 2012 CEO Brady Dougan earned SFr5.8 million ($6.3 million) last year, far less than his SFr12.8 million payday in 2010. The head of asset management, Robert Shafir, was the bank’s biggest earner with SFr8.5 million. Dougan’s pay is still likely to spark investor ire, particularly in Switzerland, where calls for Credit Suisse to trim its costly…

Solar-powered village comes top in the energy stakes

This content was published on Mar 22, 2012

Labour deal guarantees jobs at Basel airport

This content was published on Mar 22, 2012 The deal should ensure that companies which had threatened to move their operations elsewhere and cut jobs at Switzerland’s third-biggest airport because of higher costs will remain. Following a 2010 French court decision, Swiss firms operating at the airport in neighbouring France were facing the prospect of having to apply local labour legislation, which is…

War materiel exports return to the spotlight

This content was published on Mar 22, 2012 A study conducted by researchers at the universities of Bern and Zurich found that while Switzerland’s laws in this area are robust, more needs to be done to ensure they are enforced correctly. The criticism follows the lifting of a six-month ban on weapons exports to Qatar last December, after it was found that munitions…

Turnover and profit take off at Zurich airport

This content was published on Mar 21, 2012 This was down to more passengers and strict cost management, the airport’s owners said on Wednesday. A total of 24.3 million passengers used the airport last year, up 6.4 per cent on 2010. Turnover rose to SFr905.4 million, of which SFr579.6 million came from air travel business (up 8.4 per cent) and the rest from…

IMF backs franc exchange rate policy

This content was published on Mar 20, 2012 However the organisation stressed that as soon as “economic conditions normalise” the SNB should revert to a free floating currency and warned that a delay could increase the risk of inflation. The assessment came at the conclusion of an annual visit to Switzerland during which the IMF delegation held talks with the government, private sector…

Glencore makes $6-billion grain acquisition

This content was published on Mar 20, 2012 Glencore will immediately sell the majority of Viterra’s Canadian assets and certain other businesses to Agrium and Richardson International for about $2.61 billion in cash, it said. The arrangement indicates Glencore is mainly interested in Viterra’s lucrative overseas assets — including Australia’s largest grain handler — while its vast Canadian assets will remain domestically controlled.…

Smartphone penetration “close to 50 per cent”

This content was published on Mar 20, 2012 Four out of five young adults who took part in the Swiss price comparison website comparis.ch survey own such a device. The survey of some 1,200 people aged 15 to 74 was conducted through the website by market research institute Link at the end of February 2012. Of the respondents, 48 per cent said they…

Mühleberg decision heartens foreign activists

This content was published on Mar 19, 2012 If the plant, just outside Bern, really is closed down, this would step up pressure on old nuclear stations at home and abroad. The court said Mühleberg must close by June 2013 unless the operators, BKW, show that they are prepared to invest massively in maintenance and repair. Among the causes of concern it cited…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Economic outlook improves

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Credit Suisse boss sees pay shrink

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Solar-powered village comes top in the energy stakes

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Labour deal guarantees jobs at Basel airport

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War materiel exports return to the spotlight

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Turnover and profit take off at Zurich airport

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IMF backs franc exchange rate policy

More

Glencore makes $6-billion grain acquisition

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Smartphone penetration “close to 50 per cent”

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Mühleberg decision heartens foreign activists

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