Archive – Banking & Fintech

Japan disasters unlikely to hit global economy

This content was published on Mar 22, 2011 The March 11 catastrophe, which killed more than 8,800 people and left more than 12,600 missing, could shave up to 0.5 percentage points from Japan’s economic growth. But the impact on the global economy and Switzerland will be limited, say analysts. The figures were released on Monday as engineers rigged power cables to all six…

Free newspapers increase in popularity

This content was published on Mar 22, 2011 The most read newspaper in 2010 was 20 Minuten which went up 2.7 per cent to 1.35 million readers a day. It’s French-language counterpart, 20 Minutes, saw its numbers drop to 472,000 (-4.6 per cent). Media research company WEMF said on Monday that nine out of ten Swiss aged 14 years and over read newspapers…

Swiss Re estimates Japan costs at $1.2 billion

This content was published on Mar 21, 2011 But the company, the world’s number two reinsurer, warned the estimate was subject to change due to the high degree of uncertainty about events unfolding in Japan. The estimate comes just weeks after the company predicted costs from the February earthquake in New Zealand would reach $800 million. Swiss Re said it did not expect…

Asian firms ponder “location Switzerland”

This content was published on Mar 18, 2011 Firms in China, India and other Asian nations are extending their global reach as their economies boom. Switzerland already attracts European and United States operations, but is viewed by many Asians as a tourist destination. A study conducted in 2009 estimated that between 1,400 and 3,200 Chinese, Taiwanese, Indian and South Korean companies could consider…

Are the Swiss rethinking nuclear power?

This content was published on Mar 18, 2011 Rob Brookes and Gillian Zbinden tell Jessica Dacey about the mood in Mühleberg immediately after the 2011 Japanese nuclear disaster.

Swiss hunters take their booty to Valais fur market

This content was published on Mar 17, 2011

Central bank maintains interest rate

This content was published on Mar 17, 2011 The SNB said it would maintain its target range for the three-month Libor rate (London Interbank Offered Rate) at 0.0 per cent to 0.75 per cent, which it intends to keep in the lower range of 0.25 per cent. The SNB said rising oil prices, more dynamic domestic growth and a positive outlook for the…

Volcanic ash fails to cloud Swiss airline results

This content was published on Mar 17, 2011 The result compares to a SFr146 million operating profit for the previous year. In a statement, the Lufthansa-owned company said it achieved the 2010 results despite earnings being depressed by about SFr30 million due to the volcanic ash cloud crisis last spring, and despite a strong Swiss franc and rising fuel prices. Total income from…

Swiss economy to continue growth in 2011

This content was published on Mar 17, 2011 The State Secretariat for Economic Affairs (Seco) is predicting that Gross Domestic Product (GDP) will grow by 2.1 per cent in 2011, decreasing slightly to 1.9 per cent in 2012. “In comparison with other European countries, the rhythm of Swiss growth was above the average [in the fourth quarter of 2010],” Seco said in its…

UBS bosses boost share of shrinking bonus pot

This content was published on Mar 16, 2011 Chief Executive Oswald Grübel again waived his bonus and the bank’s top earner saw his pay slashed with a greater portion of variable pay hinging on long-term targets. But some staff and shareholders remain unimpressed. With political and public pressure on “fat cat” bonuses showing little sign of relenting, the announcement of UBS’s compensation statistics…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Japan disasters unlikely to hit global economy

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Free newspapers increase in popularity

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Swiss Re estimates Japan costs at $1.2 billion

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Asian firms ponder “location Switzerland”

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Are the Swiss rethinking nuclear power?

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Swiss hunters take their booty to Valais fur market

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Central bank maintains interest rate

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Volcanic ash fails to cloud Swiss airline results

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Swiss economy to continue growth in 2011

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UBS bosses boost share of shrinking bonus pot

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