Archive – Banking & Fintech

Zermatt fights to weather strong franc storm

This content was published on Aug 25, 2011 swissinfo.ch visited Switzerland’s most popular mountain resort, which relies exclusively on tourism, to find out how it was coping with the strong Swiss franc. Bruno waits in the doorway of the Monte Rosa Hotel. Despite the hustle and bustle in the street, his dozen tables are almost empty. “It’s a bit quieter than usual,” the…

“Everyone, everywhere, is buying gold”

This content was published on Aug 24, 2011 Panizzutti, vice president at Geneva-based gold trading group MKS Finance, says gold’s advantage is that it can be exchanged all over the world and against all currencies. But some are convinced that the gold bubble will burst. What is true is that gold has been hovering above the $1,800 (SFr1,421) per ounce (around 31 grams)…

Industry sector feels pinch of strong franc

This content was published on Aug 24, 2011 This corresponded to a drop of 2.6 per cent compared with the same period in 2010, Swissmem said in a statement on Wednesday. Nevertheless, the 27.3 per cent growth seen between January and March 2011 meant the overall figure for the first half year was a plus of 11.6 per cent. The association said pressure…

From Jimmy Choos to mountain cheese

This content was published on Aug 24, 2011 Christiana from Berlin, Marlene from Vienna and Carolyn from Munich are all spending four months on Alp Ludera in canton Graubünden. It’s five in the morning. The alarm clock goes off and the three workers are soon up and about. Christiana, the herdswoman, fetches the cows from the meadow and drives them into the stall.…

Corporate researchers face taxing times

This content was published on Aug 24, 2011 Switzerland ranks surprisingly low for the level of tax breaks and other support for corporate R&D compared with other countries. Most research by Swiss companies is carried out abroad, with more firms threatening to join this trend. One reason for the outflow of innovation is to locate research closer to key export markets. But firms…

All that glitters

This content was published on Aug 23, 2011 Apart from being highly valuable and almost indestructible, it transcends all differences of race and religion. It is a hedge against inflation, an investment, a safe haven, a currency, it goes into the finest jewellery and is accepted almost everywhere in the world. The Swiss National Bank keeps its stock of gold bars well guarded…

Mirjam Wietlisbach, PubliBike project manager

This content was published on Aug 23, 2011 Mirjam Wietlisbach on PubliBike

Export figures boosted by watch industry

This content was published on Aug 23, 2011 In total, Swiss exports were worth SFr16.6 billion ($21 billion) last month, according to the Federal Customs Office. Exports to the European Union, Switzerland’s largest trading partner, were down three per cent. The watch industry, as before, is way ahead of other sectors, achieving a leap in export sales from June to July of 21.2…

UBS to shed 3,500 jobs worldwide

This content was published on Aug 23, 2011 The bank had already said it would cut jobs when it posted a lower-than-expected second-quarter profit last month. The 3,500 figure represents just over five per cent of staff. Like rival Credit Suisse, UBS has been grappling with a soaring Swiss franc which is eating into profits. Credit Suisse has already said it would cut…

How the Swiss National Bank managed to weaken the strong franc in the 1970s

This content was published on Aug 22, 2011

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Zermatt fights to weather strong franc storm

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“Everyone, everywhere, is buying gold”

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Industry sector feels pinch of strong franc

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From Jimmy Choos to mountain cheese

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Corporate researchers face taxing times

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All that glitters

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Mirjam Wietlisbach, PubliBike project manager

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Export figures boosted by watch industry

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UBS to shed 3,500 jobs worldwide

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How the Swiss National Bank managed to weaken the strong franc in the 1970s

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