Archive – Banking & Fintech

Swiss play role in new Russian revolution

This content was published on Jul 13, 2011 Swiss Economics Minister Johann Schneider-Ammann signed a deal on Wednesday with his Russian counterpart Elvira Nabiullina promising cooperation in Russia’s modernisation drive. The declaration reinforced an existing action plan, that last year was extended until 2013, offering Swiss industrial and research expertise to assist the process of upgrading Russia’s infrastructure and economy. “I am sure…

Stadler rail on right tracks in Russia

This content was published on Jul 13, 2011 Stadler Rail has been contracted to provide 100 diesel-powered drive components in the next three years to trains owned by Russian manufacturer Transmasholding. The details were released at a meeting of Swiss and Russian rail companies gathered in Moscow on Tuesday. The state-owned Russian railways company states that 43 per cent of all freight in…

Passenger numbers take off at Swiss airports

This content was published on Jul 12, 2011 On Tuesday, the airport reported an increase in passenger traffic of 12 per cent to 6.64 million people for the first six months of 2011 compared with 2010 figures. If the trend continues, the airport will report a record number of passengers in 2011. The increase results from a nine per cent rise in aircraft…

Strong franc may cause longer work hours

This content was published on Jul 11, 2011 Swiss firms are searching for creative solutions to deal with a strong franc which has gained 25 per cent in value against the euro and the dollar over the past four years. Lonza, the Basel-based chemical and biotechnology company, which on Monday agreed to buy Arch Chemicals in the United States for $1.2 billion (SFr1…

Minister hopeful about economic ties with Russia

This content was published on Jul 11, 2011 Schneider-Ammann was speaking on Monday to Russian captains of industry in Moscow, as part of a four-day visit to the country. The economics minister told the audience that interest from Swiss companies wishing to expand to Russia was growing. “I’m sure that Switzerland with its modern economic structure, its potential in know-how and innovative high-technology…

Lonza buys Arch Chemicals for $1.2 billion

This content was published on Jul 11, 2011 The takeover will create the world’s biggest microbial-control business. Lonza, the world’s biggest maker of drug ingredients, said on Monday it would pay $47.20 a share, 12 per cent higher than the closing price on Friday. Shares of Connecticut-based Arch surged 11 per cent on Friday, the most in 14 months. Arch’s products are used…

Nestlé swallows Chinese sweet shop

This content was published on Jul 11, 2011 The deal would give Nestlé 60 per cent ownership of the company. Hsu Fu Chi would retain 40 per cent, according to a statement published on Monday. “This suggested partnership would do a lot to increase our presence in China,” said Nestlé CEO Paul Bulcke. The Chinese company’s CEO, Hsu Chen, would remain in that…

Components cause battle inside the watch sector

This content was published on Jul 10, 2011 The world’s largest watchmaking concern, which is based in Biel, has told the Swiss Competition Commission (Comco) for a long time it wants to reduce its supply of movements and movement blanks to other watchmakers. Comco has given permission for the Swatch Group to reduce its supplies to independent brands from January 2012, which not…

Modernising Russia presents risk and reward

This content was published on Jul 10, 2011 The highlight of the four-day visit will be talks with Russian President Dimitri Medvedev on the progress of a proposed free trade agreement (FTA) and a new commitment to boost Switzerland’s role in Russia’s modernisation drive. Russia is seen as a prime market for Swiss business thanks to its sheer size (142 million inhabitants) and…

Farming of the future takes root

This content was published on Jul 9, 2011 Swiss entrepreneurs Urban Farmers are pushing the concept of local production and have come up with a pioneering solution to many of the problems of conventional farming methods. Urban Farmers attended the International Federation of Landscape Architects’ World Congress at the end of June. The event drew around 850 participants from around the world to…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Swiss play role in new Russian revolution

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Stadler rail on right tracks in Russia

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Passenger numbers take off at Swiss airports

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Strong franc may cause longer work hours

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Minister hopeful about economic ties with Russia

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Lonza buys Arch Chemicals for $1.2 billion

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Nestlé swallows Chinese sweet shop

More

Components cause battle inside the watch sector

More

Modernising Russia presents risk and reward

More

Farming of the future takes root

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