Archive – Banking & Fintech

Merkel defends Germany’s role in debt crisis

This content was published on Jan 25, 2012 Hedge fund legend George Soros had earlier issued a damning rebuke of Germany’s leading role in sovereign debt negotiations as he addressed journalists on day one of the World Economic Forum’s (WEF) flagship event. The European debt crisis dominated the opening day in Davos, not only during debates but also among delegates mingling in the…

Soros abstains

This content was published on Jan 25, 2012 Why not? For one thing, the billionaire wheeler dealer who made his name by breaking the British pound in 1992, has retired from the hedge fund industry. Soros was speaking on day one of the WEF meeting. But he also advises the current crop of financial whizz kids against staking their shirts on the SNB…

Cabinet commissions review of SNB supervision

This content was published on Jan 25, 2012 A statement said that the cabinet had commissioned the follow-up assignments to see if there was “any need for action” after Hildebrand stepped down over a currency trading scandal earlier this month. Hildebrand had maintained that his family’s private currency deals were legal under the bank’s internal rules against insider trading. “The evaluation is to…

Lonza fires CEO as profit falls

This content was published on Jan 25, 2012 The Basel-based company said that 2012 would pose further challenges because of the current difficulties facing pharmaceutical firms. Lonza, which has been affected by currency headwinds and volatile raw material prices, said that the board had decided to replace Borgas in the last 48 hours. “CEOs have a responsibility to deliver on expectation and I…

Something in the air

This content was published on Jan 25, 2012 But the air is also thick with dire warnings of impending economic and social collapse. The WEF’s risk report identifies myriad interconnecting problems that threaten to plunge the world into a dystopian nightmare of riots and revolution. Christine Lagarde, head of the International Monetary Fund, says the world is on the brink of a 1930s-style…

Daily WEF update

This content was published on Jan 25, 2012

WEF reform message likely to fall on deaf ears

This content was published on Jan 25, 2012 But critics doubt whether the global elite gathered in Davos will seriously entertain the idea of transforming the current systems of governance and business to spread power and wealth more evenly. WEF founder Klaus Schwab has warned that the world risks sinking into “dystopia”, dragged into the abyss by a “morality gap” of inequality that…

Roche banking on DNA diagnosis

This content was published on Jan 25, 2012 Roche reckons the deal will accelerate routine clinical use of DNA testing. The Basel-based holding added that buying Illumina would strengthen Roche’s position in diagnostics because the companies’ technologies are complementary. Roche’s planned tender offer of $44.50 per share would represent an 18 per cent premium over Tuesday’s closing price of $37.69 for Illumina shares.…

Profits drop at Novartis

This content was published on Jan 25, 2012 Fourth-quarter sales rose eight per cent to $14.781 billion, helped by demand for some of its newest products, such as eye drug Lucentis and cancer medicine, Tasigna. However net profit was down by 47 per cent for the period to $2.32 billion, after the decision to end a clinical study into the wider uses of…

Petroplus to file for insolvency

This content was published on Jan 24, 2012 The group has been put on notice to pay off its debts, triggering its default on $1.75 billion (SFr1.62 billion) of senior notes (senior debt), and convertible bonds. “The primary goal of Petroplus’ Board of Directors is to ensure that operations are safely shut down and to preserve value for all stakeholders,” Petroplus said in…

Page 499 of 1641

First … 497 498 499 500 501 … Last

Archive – Banking & Fintech

Popular Stories

Most Discussed

Archive – Banking & Fintech

More

Merkel defends Germany’s role in debt crisis

More

Soros abstains

More

Cabinet commissions review of SNB supervision

More

Lonza fires CEO as profit falls

More

Something in the air

More

Daily WEF update

More

WEF reform message likely to fall on deaf ears

More

Roche banking on DNA diagnosis

More

Profits drop at Novartis

More

Petroplus to file for insolvency

Popular Stories

Most Discussed