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Swiss farms embrace cheap tractors

This content was published on Mar 2, 2012 The Federal Statistics Office said on Friday that the number of farms in Switzerland slipped “well below” 60,000 last year, but that some 3,000 new tractors were put into circulation. It said some 134,000 tractors in total were now in use, a rise of ten per cent over the past 15 years. During the same…

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Raiffeisen banks on growth for success

This content was published on Mar 2, 2012 The group, which consists of 328 cooperatively structured Raiffeisen banks, said on Friday that mortgage lending went up 7.5 per cent to SFr128.5 billion, while savings and investment deposits increased by 6 per cent. However, net profit declined from SFr672 million to SFr595 million, largely because of a SFr56.5 million depreciation of its stake in…

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Infants have borderline low iodine intake

This content was published on Mar 1, 2012 As a result, goitre (swelling of the neck) and mental retardation due to iodine deficiency is not a general worldwide public health problem anymore. That said, Swiss infants and lactating women were found to have borderline low intakes. Researchers at the Federal Institute of Technology Zurich (ETHZ) evaluated iodine data from 148 countries and compared…

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Lobbying behind the scenes in parliament

This content was published on Mar 1, 2012

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Lindt & Sprüngli posts sweet results

This content was published on Mar 1, 2012 The company said rising joblessness was dampening consumer sentiment and that Europe’s debt crisis made the coming year hard to assess, but stuck to its growth target for 2012. According to Reuters, analysts had expected a net profit of SFr244 million. The maker of Lindor chocolate balls and gold foil-wrapped Easter bunnies, based at Kilchberg…

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Heated debate delivers tax assistance law

This content was published on Feb 29, 2012 In a lengthy and at times passionate debate which included discussion of some two dozen proposed amendments, the House of Representatives voted 113 to 58 on Wednesday to pass the government’s proposed law on administrative assistance in taxation matters. The new law replaces a previous regulation for assistance on tax matters and is based on…

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Shedding risk causes headache for Swiss banks

This content was published on Feb 29, 2012 Having learnt lessons in the financial crisis, UBS and Credit Suisse are now focused on the delicate task of scaling down both their risky assets and the business lines that trade them. Prompted by tough new Swiss regulations that will come into force from March 1, UBS said it plans to cut its risky assets…

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Profit up, income down at Swiss Life

This content was published on Feb 29, 2012 This was the result of a streamlining programme and excellent returns from capital investments, the Zurich-based company said in a statement on Wednesday. “The renewed increase in operational effectiveness enables us to continue to build our strong market position in the current environment,” said CEO Bruno Pfister. However, total income fell by ten per cent…

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Raiffeisen bank breaks ranks over tax dispute

This content was published on Feb 28, 2012 Pierin Vincenz, chief executive of Raiffeisen Switzerland, is the first major Swiss banker to openly advocate unrestricted sharing of client data with other countries. Switzerland is resisting such a move, which would undermine banking secrecy laws. Vincenz first mooted his proposal in the Swiss Sunday newspaper Sonntag and outlined his views further in Tuesday’s edition…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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The last private bank in St Gallen

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Swiss farms embrace cheap tractors

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Raiffeisen banks on growth for success

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Infants have borderline low iodine intake

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Lobbying behind the scenes in parliament

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Lindt & Sprüngli posts sweet results

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Heated debate delivers tax assistance law

More

Shedding risk causes headache for Swiss banks

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Profit up, income down at Swiss Life

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Raiffeisen bank breaks ranks over tax dispute

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