Archive – Banking & Fintech

Spotlight turned on agro investment boom

This content was published on Jun 9, 2011 The second “jetfin AGRO” conference for investors with an eye on agriculture and water took place in the western Swiss city on Tuesday. Meanwhile, the global land-grab phenomenon continues to expand as states attempt to regulate the issue. Activists from some 25 Swiss non-governmental organisations and unions demonstrated outside the conference at the five-star Kempinski Hotel…

Economiesuisse sees economy getting weaker

This content was published on Jun 9, 2011 The federation says that the economy is nevertheless holding its own in a difficult world economic context. Economiesuisse said in its latest outlook on Thursday that Switzerland’s recovery from the financial crisis was flattening. Exports are developing positively as a result of demand from new markets and industrialised countries like Germany, but the strong franc…

Transocean faults Coast Guard report

This content was published on Jun 9, 2011 The draft report criticises the Zug-registered company for a host of shortcomings – including a poor safety culture, which it says caused the disaster in April 2010. In a 112-page response filed with the US government on Wednesday, Transocean said that the Coast Guard report should be corrected. Transocean argues that the explosion was not…

Recovery in sight for foreign banking sector

This content was published on Jun 9, 2011 The 153 banks that make up the sector also put a brave face on falling margins due to low interest rates and the high Swiss franc. The Association of Foreign Banks in Switzerland (AFBS) revealed that profits had risen six per cent to SFr1.965 billion ($2.35 billion) while withdrawals of client assets slowed to a…

World’s most powerful group meets in St Moritz

This content was published on Jun 8, 2011 Critics denounce the four-day conference, which is closed to the prying eyes of the media and doesn’t issue any press releases, for having a deleterious influence on world politics. Previous guests include kings, presidents, captains of industry and heads of international organisations. United States Secretary of State Henry Kissinger has attended, as have Microsoft founder…

Swatch Group investigated over cartel law

This content was published on Jun 8, 2011 Comco said on Wednesday that the purpose was to determine whether Swatch Group’s decision was an abuse of its dominant market position, and thus in violation of the law against cartels. Swatch Group said in a press statement that it had initiated the investigation itself. The aim was to find a mutually agreable solution to…

Swiss ICT sector seeks Indian solutions

This content was published on Jun 8, 2011 India’s rapidly growing ICT sector presents a potentially lucrative market for Swiss specialists, while Switzerland estimates it will face a shortfall of 32,000 skilled workers in the field by 2017. Companies and experts gathered in Zurich on Monday to explore ways of forging deeper links, with the umbrella bodies from both countries signing a memorandum…

Hotels benefit from business boom

This content was published on Jun 7, 2011 The publication of the number of nights tourists spend at Swiss hotels in the winter season (November to April) is always highly anticipated since tourism is a leading branch of the economy. In terms of income, it’s ranked ahead of the watch industry. The hotel statistics are a key indicator of the health of the…

Swiss pollute more abroad than at home

This content was published on Jun 7, 2011 The report, published on Tuesday by the Federal Environment Office, investigated for the first time the total environmental impact due to Swiss consumption and production. Researchers highlighted Switzerland’s dependence on foreign natural resources and production abroad. The most important area of consumption is nutrition, which accounts for about 30 per cent of the total impact,…

Actelion shakes up its management

This content was published on Jun 7, 2011 In a statement on Tuesday, Actelion said it had appointed Otto Schwarz, head of business strategy and operations at Actelion since 2008, as chief operating officer. This would allow chief executive Jean-Paul Clozel to focus more on strategic matters, it added. “Together we are committed to move Actelion to the next stage – advancing value…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Spotlight turned on agro investment boom

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Economiesuisse sees economy getting weaker

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Transocean faults Coast Guard report

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Recovery in sight for foreign banking sector

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World’s most powerful group meets in St Moritz

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Swatch Group investigated over cartel law

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Swiss ICT sector seeks Indian solutions

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Hotels benefit from business boom

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Swiss pollute more abroad than at home

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Actelion shakes up its management

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