Archive – Banking & Fintech

US ambassador plays down Credit Suisse cases

This content was published on Mar 29, 2011 In an interview with the Neue Zürcher Zeitung, Donald Beyer said he therefore didn’t foresee a comparable situation with that of another major bank, UBS. “We hope and expect that the matter will remain limited to a few individuals,” he said, adding that as far as he could tell, the structure at Credit Suisse would…

Disasters cost insurers 60% more in 2010

This content was published on Mar 29, 2011 This is an increase of more than 60 per cent over the previous year. Swiss Re’s new estimates published on Tuesday showed natural catastrophes cost the industry about $40 billion, while man-made disasters triggered claims of more than $3 billion, compared with overall insured losses in 2009 of $27 billion. Some 304,000 people died in…

IMF gives Swiss economy good marks

This content was published on Mar 29, 2011 In its annual country report, published on Monday, the IMF said Swiss domestic demand was benefiting from low interest rates, increased employment and continuing immigration. However, further regulatory reforms were required, with the mortgage market singled out as an area of concern. The IMF economists also recommended further clarification concerning the roles of the Swiss…

Online consumers are driving economy

This content was published on Mar 28, 2011 A study has billed e-commerce as one of the strongest growth areas for the Swiss economy, particularly as it catches on with the more affluent over-55 age group, or so-called “silver surfers”. Online consumers shelled out SFr8.68 billion ($9.48 billion) last year, an increase of 48 per cent on the 2008 figure of SFr5.87 billion,…

The new kid on the Swiss pharma block

This content was published on Mar 28, 2011 Shire, which makes drugs for hyperactivity, gastrointestinal problems and rare diseases, recently established a European hub in Eysins in western Switzerland from where it aims to expand its activities outside the United States. “This is just a temporary building,” Ross Murdoch, Shire’s vice president, told swissinfo.ch. “By the middle of next year we plan to…

Green technology takes hold

This content was published on Mar 28, 2011 The first edition of the “Swiss Cleantech Report”, released in Zurich on Monday by KOF Swiss Economic Institute, found Swiss companies devote between five and seven per cent of their investment budgets to use energy more efficiently and sustainably. The report said high energy costs combined with various environmental factors at the political level were…

Assisting troubled youth enter the workforce

This content was published on Mar 28, 2011 They fear losing the insurance benefits and having to depend on social security. But how can they be better integrated into the working world? In Switzerland, there are between 2,000 and 2,500 students who complete obligatory schooling each year and have neither a job to go to nor a further education opportunity. And there are…

Global crises cloud economic crystal ball

This content was published on Mar 26, 2011 While admitting that a series of global crises may dent positive forecasts, several economists have upwardly revised figures in the last month. The rosy predictions put further pressure on the central bank to raise interest rates. A burst of economic activity in the second half of 2010 has quashed fears that the strong franc would…

Cracks showing in business oasis Switzerland

This content was published on Mar 24, 2011 Lured by low tax rates and a high standard of living, a steady stream of overseas companies have set up operations in Switzerland in recent years. But there are signs of growing discontent from new arrivals. Top of the grumble list is the astronomic rise in house prices in Geneva, Zurich and Zug – a…

Baselworld looks to growth

This content was published on Mar 24, 2011 The mood is buoyant, but Baselworld 2011 is being held against a backdrop of natural disaster and political upheaval in some parts of the world which are traditionally important markets for Swiss watches. “I remain optimistic, and I think that in 2011 the Swiss watch industry will probably break through the symbolic SFr17 billion ($18.7…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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US ambassador plays down Credit Suisse cases

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Disasters cost insurers 60% more in 2010

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IMF gives Swiss economy good marks

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Online consumers are driving economy

More

The new kid on the Swiss pharma block

More

Green technology takes hold

More

Assisting troubled youth enter the workforce

More

Global crises cloud economic crystal ball

More

Cracks showing in business oasis Switzerland

More

Baselworld looks to growth

Popular Stories

Most Discussed