Archive – Banking & Fintech

SGS takes over US testing laboratory

This content was published on Aug 31, 2011 The price of the takeover was not disclosed. ETC, a vehicle and emission laboratory based in Colorado, had a turnover of more than $10 million (SFr8.1 million) and 35 staff at the end of last year. The acquisition of ETC, the latest in a series of SGS takeovers this year, marks an extension of the…

Money talks

This content was published on Aug 31, 2011 Money makes the world go round. Schwartz looks at money as a physical and virtual resource.

SMEs pessimistic about business prospects

This content was published on Aug 30, 2011 A survey published on Tuesday found 64 per cent of respondents saying they expected the economic situation to deteriorate – an increase of more than 50 per cent over July. Three out of five firms said they felt the ill effects of the strength of the Swiss franc, but only 13 per cent considered it…

France avoids Swiss tax deal – for now

This content was published on Aug 29, 2011 The French budget minister says France has not excluded a similar accord, but observers say reasons of principle and electoral pressures are preventing them from inking a deal. So far Paris has resisted the Swiss “Rubik” project. And there is no question of giving up the fight against tax evasion – at least not for…

Exporters hold the Alamo against the odds

This content was published on Aug 29, 2011 The sector still warns of collapse in the coming months as the growth of exports slows and consumer power in many markets declines. But company results in the first half of the year have proved resilient. Georg Fischer, a manufacturer of automotive parts and piping systems, has managed to turn its performance around in spectacular…

Hurricane Irene disrupts Swiss flights

This content was published on Aug 28, 2011 A Swiss spokeswoman said two flights to and from Zurich and one to and from Geneva were cancelled on Saturday, and five round-trips were grounded on Sunday. An additional ten flights from US airlines were cancelled to Zurich. On Sunday Irene weakened to a tropical storm but the huge weather system remained dangerous as it…

Swissmem in crisis

This content was published on Aug 26, 2011 In recent months the strong franc has caused a big increase in prices for Swiss products abroad. Judging by the half-year results of Swissmem – the Swiss association of mechanical and electrical engineering industries – the future of the sector looks bleak. (SF/swissinfo.ch)

Swiss-British bank tax deal ruffles feathers

This content was published on Aug 25, 2011 On Wednesday, the two countries initialled a plan to impose withholding taxes on British assets held by Swiss banks without an automatic exchange of information. Germany has agreed in principle to a similar deal. The British agreement could raise up to £5 billion (SFr6.5 billion) in withholding tax by 2013. This includes a one-off levy…

EXHIBITION: Cartier Time Art

This content was published on Aug 25, 2011 The exhibition showcases over 100 timepieces from the historical Cartier Collection and 20 contemporary watches, illustrating creativity and innovation. From a Tortue single pushpiece chronograph created in 1929, to a contemporary Santos 100 Skeleton watch.

Glencore grows and eyes Australian firm

This content was published on Aug 25, 2011 The report comes the day after the company announced plans to make an off-market takeover offer for Australian nickel producer Minara. Glencore currently holds about 73 per cent of Minara’s shares. Glencore reported that its net profit had risen 57 per cent to SFr2.45 billion ($3.08 billion); revenues climbed 32 per cent to SFr72.25 billion.…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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SGS takes over US testing laboratory

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Money talks

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SMEs pessimistic about business prospects

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France avoids Swiss tax deal – for now

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Exporters hold the Alamo against the odds

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Hurricane Irene disrupts Swiss flights

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Swissmem in crisis

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Swiss-British bank tax deal ruffles feathers

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EXHIBITION: Cartier Time Art

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Glencore grows and eyes Australian firm

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