Archive – Banking & Fintech

SNB head says European stability key for franc

This content was published on Feb 27, 2011 The turmoil in the Middle East has pushed the franc up – it reached a record high against the dollar on February 24. But the question is how long this will last, said Hildebrand. “I am convinced that an independent currency is possible in the long term if the environment is as focused on stability…

Firms warn worst franc effects “yet to come”

This content was published on Feb 25, 2011 The Swiss franc appreciated by 17 per cent against the euro during 2010 and reached parity with the dollar. While orders and productivity increased last year, margins were dangerously eroded as Swiss goods became more expensive abroad. The umbrella group for the mechanical and electrical engineering industries, Swissmem, reported some good news at its annual…

Libyan crisis pushes franc up

This content was published on Feb 24, 2011 For the first time ever the dollar was worth less than 93 Swiss cents. At its lowest it stood at 92.4 cents. Earlier this month, before fighting broke out in Libya and after the situation in Tunisia and Egypt had stabilized to some extent, the dollar had been creeping upwards and had reached nearly 98…

Results at Transocean fall short of expectations

This content was published on Feb 24, 2011 Transocean, with about a dozen floating rigs in the Gulf of Mexico, was hit hard by the halt in drilling there after the well blowout that destroyed its Deepwater Horizon rig last April. Eleven people died in the disaster, which was the worst oil spill in United States history. The company, which has its registered…

Rolle wrestles with impact of recent growth

This content was published on Feb 23, 2011 swissinfo.ch visited Rolle to find out how the influx of international firms has transformed the local community, which nestles between the lake and rolling vineyards in western Switzerland. From the motorway you cannot miss the row of shiny new buildings belonging to Chiquita, Nissan, Yahoo! and other big-name firms that have set up shop at…

German prosecutors widen Credit Suisse probe

This content was published on Feb 23, 2011 Dusseldorf’s senior public prosecutor Ralf Möllmann announced on Wednesday that the investigations had been intensified and four more employees indicted. Credit Suisse declined to comment. Prosecutors initially began investigating four other Credit Suisse employees on suspicion of aiding tax evasion in December last year. The focus of the investigation is the bank’s cross-border business. …

Swiss sell fewer arms in 2010

This content was published on Feb 22, 2011 Global sales of arms to 69 countries totalled SFr640.5 million ($681.8 million), the State Secretariat for Economic Affairs (Seco) said on Tuesday. Sales were boosted by two big contracts: the partial delivery of air defence systems worth SFr132.6 million to Saudi Arabia and SFr128.7 million of vehicles to Germany and Belgium. Against the background of…

Swiss investors shun shares for property

This content was published on Feb 22, 2011 A Zurich University study showed only 17 per cent of people surveyed invested in shares last year compared with nearly a third in 2000. But observers believe it is only a matter of time before changing economic conditions alter trends again. The Swiss have traditionally favoured a healthy set of shares in their savings portfolio…

Nespresso pours cold water over rival brands

This content was published on Feb 21, 2011 Last month, Nestlé gained a court injunction against supermarket chain Denner selling cuckoo capsules in Switzerland. But the food giant failed on Monday to convince a separate court that Denner’s capsules infringed its patent rights. Nestlé is currently involved in a three-way legal battle against rivals which have produced cheaper capsules that can be used…

Pistes open up to virtual skiers

This content was published on Feb 21, 2011 The choice wasn’t Google’s. Over 30,000 winter sport enthusiasts took part in a competition launched jointly with Switzerland Tourism at the beginning of February, to select which Swiss resort should be featured. Of the 30 resorts suggested for the venture, Zermatt – famous worldwide as the village near the Matterhorn – came top with 2,800…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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SNB head says European stability key for franc

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Firms warn worst franc effects “yet to come”

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Libyan crisis pushes franc up

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Results at Transocean fall short of expectations

More

Rolle wrestles with impact of recent growth

More

German prosecutors widen Credit Suisse probe

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Swiss sell fewer arms in 2010

More

Swiss investors shun shares for property

More

Nespresso pours cold water over rival brands

More

Pistes open up to virtual skiers

Popular Stories

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