Archive – Banking & Fintech

Novartis slashes jobs in US

This content was published on Jan 13, 2012 The company said in a statement on Friday that it was restructuring in anticipation of the expiration of the patent on its Diovan blood-pressure drug in September. It also expects lower sales of its more recent aliskiren-based hypertension products, known as Tekturna in the US and Rasilez elsewhere. After a clinical trial was halted in…

National bank turns a profit for 2011

This content was published on Jan 13, 2012 The SNB announced on Friday that the value of its gold holdings had increased by SFr5 billion last year, while foreign currency positions had contributed another SFr8 billion. Around SFr3.2 billion will be allocated to provisions for currency reserves, and another SFr5 billion will be used to fill the gap in the distribution reserve. The…

Smartphones to drive online retail sales

This content was published on Jan 12, 2012 The University of Applied Sciences and Arts Northwestern Switzerland polled 27 online retailers and found that 60 per cent expect sales to rise more than ten per cent this year. The study found 15 per cent of retailers expect growth to rise more than a quarter. Just 12 per cent predicted sales would drop. Researchers…

Petroplus granted reprieve

This content was published on Jan 12, 2012 The agreement signed on Wednesday with the banks means that facilities in Coryton in Britain and Ingolstadt in Germany will continue their operations, but that the Petit-Couronne and Antwerp refineries in France and Belgium will remain shut. The Cressier refinery in canton Neuchâtel, where 260 people work, is expected to close down next week. Petroplus, Europe’s…

Nestlé invests in Chinese dairy industry

This content was published on Jan 11, 2012 The institute in Shuangcheng, with a series of training farms, aims to be the country’s leading dairy training centre. For the financing of the SFr376 million ($394 million) project Nestlé is creating an investment fund and seeking local partners. Dairy farm owners and workers from Shuangcheng and other regions will be able to improve their…

Naming of Hildebrand’s successor to take time

This content was published on Jan 11, 2012 Finance Minister Eveline Widmer-Schlumpf said it could take several weeks and potentially months before the cabinet appoints a successor for Philipp Hildebrand, who stepped down on Monday. Widmer-Schlumpf said the cabinet wanted the Swiss National Bank (SNB) vacancy to be filled as soon as possible. She added that the interim chairman, Thomas Jordan, would ensure…

Health insurance worries consumers the most

This content was published on Jan 11, 2012 In third place was aggressive advertising, according to a poll carried out by the Swiss Consumers’ Forum. Overall, the forum noted, people were more worried in 2011 than in the previous year. Certain topics were cited more frequently than in other years, the forum said on Wednesday. These included rising electricity and energy costs as…

Cabinet makes foreign trade a priority

This content was published on Jan 11, 2012 In a statement released on Wednesday, the cabinet said it intended to “maintain its current basic stance while strengthening Switzerland’s economic position in the world over the next few years”. It will focus on three main areas in order to achieve this goal: market access abroad and the international regulatory framework, Switzerland’s internal market policy,…

SNB loses Hildebrand’s global influence

This content was published on Jan 10, 2012 Hildebrand was renowned as a slick networker who gained the ear of powerful policy makers, earning him a place at the high table of important global institutions. Such positions ensured that Switzerland’s interests were heard. His eventual permanent successor can also expect to receive an invitation to join many international policy making bodies – such…

Nuclear reactor safety requires more checks

This content was published on Jan 10, 2012 The Federal Nuclear Safety Inspectorate said on Tuesday that it had made the demand following the results of the EU test on atomic facilities in which Switzerland took part. Officials said that while all of the country’s plants fulfilled the test’s criteria, there were a number of points that demanded further clarification. It pointed out…

Page 503 of 1641

First … 501 502 503 504 505 … Last

Archive – Banking & Fintech

Popular Stories

Most Discussed

Archive – Banking & Fintech

More

Novartis slashes jobs in US

More

National bank turns a profit for 2011

More

Smartphones to drive online retail sales

More

Petroplus granted reprieve

More

Nestlé invests in Chinese dairy industry

More

Naming of Hildebrand’s successor to take time

More

Health insurance worries consumers the most

More

Cabinet makes foreign trade a priority

More

SNB loses Hildebrand’s global influence

More

Nuclear reactor safety requires more checks

Popular Stories

Most Discussed