Archive – Banking & Fintech

Chinese “Eldorado” helps boost watch industry

This content was published on Jan 19, 2011 There were lots of smiling faces in Geneva this week at the 21st Salon International de la Haute Horlogerie (SIHH) and the Geneva Time Exhibition, which features small independent brands. “I feel much more confident and serene this year,” Fabienne Lupo, SIHH director, told swissinfo.ch. 2010 was a “spectacular” year for the Swiss watch industry…

Swatch reports good year

This content was published on Jan 19, 2011 In a statement, Swatch said the increase was +21.8 per cent over 2009 and +12.7 per cent over the previous record year of 2008. On Wednesday, Swatch said it was upbeat on its prospects for 2011 despite the strong Swiss franc. There was big demand for Swatch Group products, including plastic Swatch watches and many…

Bank whistle-blower defiant ahead of court case

This content was published on Jan 18, 2011 Elmer’s public show of defiance drew the battle lines against the Zurich cantonal prosecutor, who will also attempt to prove in court that the former Swiss banker tried to defraud his ex-employer, Julius Bär bank. On Monday, Elmer handed over two CDs to WikiLeaks founder Julian Assange in front of the world’s media. Elmer claims…

A fine time

This content was published on Jan 18, 2011 Now in its 21st edition, the Salon International de la Haute Horlogerie is currently on in Geneva. The SIHH is a private trade fair reserved exclusively for professionals in the fine watchmaking industry. (Photos: Keystone/Sandro Campardo.)

SGS sees profit and demand rising

This content was published on Jan 17, 2011 The group, which tests consumer products, monitors the transport of goods worldwide and checks imports for governments, said it had made a profit of SFr588 million ($609.7 million) for 2010. This is an increase of 8.4 per cent compared with the previous year. The figure is in line with what analysts had expected. SGS had…

Painkillers linked to heart attack risks

This content was published on Jan 16, 2011 The report by researchers from Bern University, published in the British Medical Journal, looked at 31 clinical trials on more than 116,000 patients to examine the effects of painkillers on people’s health. The team studied data from existing large-scale studies comparing use of non-steroidal anti-inflammatory drugs (NSAIDs) as well as new-generation anti-inflammatory medicines (COX-2 inhibitors)…

Ministers urge patience over strong franc

This content was published on Jan 16, 2011 Eveline Widmer-Schlumpf and Johann Schneider-Ammann said in separate interviews in several Sunday newspapers that they saw no need for urgent measures and pleaded for patience. Widmer-Schlumpf was quoted as saying the Swiss National Bank had done what it could last year to prevent inflation and to prop up the economy. She ruled out pegging the…

Central bank cannot guarantee future payouts

This content was published on Jan 15, 2011 In a statement late on Friday the central bank said it would pay out, as agreed in a convention, SFr2.5 billion, a third going to the government and two thirds to the cantons. A further SFr1.5 billion would be paid in dividends. However, the SNB warned that there was a possibility that its profit distribution…

Retailers weathering strong franc storm

This content was published on Jan 15, 2011 Retailers are even more optimistic about increasing turnover and profits in 2011, shrugging off the possibility that more Swiss shoppers could opt to buy goods over the border to take advantage of a weakening euro. While a 1.7 per cent increase in turnover across the Swiss retail sector may not seem very large, Credit Suisse…

Alternative therapies are put to the test

This content was published on Jan 14, 2011 Interior Minister Didier Burkhalter has announced five therapies previously struck off the state insurance list will be reimbursable from 2012 as part of a six-year trial period. The sting: all must prove their “efficacy, cost-effectiveness and suitability” by 2017. Back in 2005 the interior ministry rejected the therapies, arguing they failed to meet the legal…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Chinese “Eldorado” helps boost watch industry

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Swatch reports good year

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Bank whistle-blower defiant ahead of court case

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A fine time

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SGS sees profit and demand rising

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Painkillers linked to heart attack risks

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Ministers urge patience over strong franc

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Central bank cannot guarantee future payouts

More

Retailers weathering strong franc storm

More

Alternative therapies are put to the test

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