Archive – Banking & Fintech

Economy braces for interest rate rise

This content was published on Apr 8, 2011 Homeowners, investors and exporters are among those awaiting the Swiss central bank’s response, with some observers believing a rise in the cost of lending is overdue. The ECB raised interest rates by 0.25 per cent on Thursday to 1.25 per cent. All eyes in Switzerland are now focused on the three month Libor (London Interbank…

Zug and Zurich remain economic magnets

This content was published on Apr 7, 2011 The two cantons rank well ahead of Aargau, while Geneva has bounced back into contention taking fourth position. The most unattractive business locations, according to the study, are cantons Jura, Neuchâtel and Valais. It says that the key factors in Zug’s ranking were its low tax rate, the general level of education of the people…

Sulzer announces major acquisition in Sweden

This content was published on Apr 7, 2011 The Swedish company is a supplier of pumps and related equipment used mainly for wastewater applications. Sulzer said in a statement on Thursday that water and waste water would become one of the group’s key businesses, accounting for about 16 per cent of total sales. The group, perhaps best known in the past for its…

Quest for quality spares Swiss exports

This content was published on Apr 7, 2011 A rebound in export figures in 2010 and the start of this year has also raised questions about a lobbying campaign from exporters and the central bank’s intervention in the currency markets. The financial crisis and subsequent recession certainly had a negative impact on Swiss exports, with volumes falling from SFr216 billion ($236 billion) in…

Transocean heads want to donate bonus money

This content was published on Apr 6, 2011 Earlier this week the company drew criticism when it awarded its employees bonuses for its “best year in safety performance” – despite the Deepwater Horizon explosion last April. CEO Steven Newman announced on Tuesday that he and four other Transocean managers want to donate their bonuses to a fund for the victims of the explosion.…

Biotechs break blockbusters mould for success

This content was published on Apr 6, 2011 The spiralling cost and risk of relying on magic pills for revenues, plus increasing competition from generics and changing demand from developing countries is forcing smaller enterprises to diversify their production, an industry conference has heard. The cost of developing a promising molecule into a blockbuster drug has risen from around $300 million (SFr300 million)…

All that glitters – Original

This content was published on Apr 4, 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…

Read more: All that glitters – Original

Lindt & Sprüngli wins “gold bunny” case

This content was published on Apr 4, 2011 On Monday a court in Vienna ordered Hauswirth to stop using a trademarked chocolate bunny design. Lindt applied for and received a trademark for its gold tinfoil-wrapped bunny with red ribbon and bell in 2000. It then began taking action against chocolate makers who it felt were making bunnies too similar to its own. Hauswirth…

Julius Bär displays art collection online

This content was published on Apr 4, 2011 Some 150 artworks are currently accessible on the website (see link). Among them are latest acquisitions as well as pieces that have been shown in two exhibitions. A search function enables visitors to learn more about type, time period, technique or the artist of a particular piece. Over the coming months the virtual museum will…

Foreign firm strategy taxes cantons

This content was published on Apr 4, 2011 Just one year after joining a cantonal alliance, Fribourg is already wondering whether the expense of joint marketing is worth it. Aargau decided to exit a promotional bloc last year, but other cantons are reaping huge benefits. Marketing business locations in far flung countries is an expensive operation. Swiss cantons compete with many countries, that…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Economy braces for interest rate rise

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Zug and Zurich remain economic magnets

More

Sulzer announces major acquisition in Sweden

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Quest for quality spares Swiss exports

More

Transocean heads want to donate bonus money

More

Biotechs break blockbusters mould for success

More

All that glitters – Original

More

Lindt & Sprüngli wins “gold bunny” case

More

Julius Bär displays art collection online

More

Foreign firm strategy taxes cantons

Popular Stories

Most Discussed