Archive – Banking & Fintech

Inflation picks up more than forecast

This content was published on Jan 6, 2011 Year-on-year, the inflation rate rose 0.5 per cent, compared with December 2009, and was unchanged from November, the Federal Statistics Office said on Thursday. The average inflation rate for 2010 was 0.7 per cent. Core inflation, which strips out volatile price components such as food and fuel, rose a notch to 0.1 per cent. Switzerland…

Edipresse pulls plug on Swisster news site

This content was published on Jan 5, 2011 The site, which was launched in March 2008 by the Lausanne-based media group Edipresse, officially went offline on December 23. In a statement Edipresse said Swisster had been unable to “take advantage of synergies to develop optimally and thus reach its critical mass” during a difficult economic period. “And despite having doubled the number of…

Jump-start for new car sales

This content was published on Jan 5, 2011 “This is a very pleasing result – we couldn’t count on such a rise beforehand,” said Andreas Burgener, director of the Swiss Automobile Importers’ Association, on Wednesday. In 2009 car sales dropped by 7.8 per cent, with the biggest loser being German carmaker Opel which, facing uncertainty over its future, saw sales plummet by a…

Coop reaches new sales landmark

This content was published on Jan 4, 2011 Coop claimed that the 1.8 per cent increase in revenues on 2009 was achieved despite prices decreasing by the same percentage during the same period. Retail sales from its 816 supermarkets rose 0.6 per cent to SFr11.3 billion. Along with its other operations, such as the Fust electronics chain, the group operated 1,914 outlets in…

Mountain Radio Verbier goes on air and online

This content was published on Jan 4, 2011 The idea is the brainchild of journalist Conor Lennon, who has drummed up enough support in the Valais resort to back his venture, which is financed solely by advertising. Lennon, who is the radio’s director, told swissinfo.ch that the primary target audience was made up of “the young (in mind, as well as body!) skiers…

Ruins of prosperity

This content was published on Jan 3, 2011 Zurich-born author Hansjörg Schertenleib writes about the traces which the economic boom has left behind in the countryside of his adopted home. The sky is low, low and almost black – not for long, to be sure, for the Irish weather really is as unsettled and changeable as the cliché has it. In any case,…

Switzerland’s Nestlé comes in the top ten

This content was published on Jan 3, 2011 The food concern, Nestlé, with a stock market valuation of €155.5 billion (SFr194 billion), comes in tenth place in this year’s assessment of leading companies. The Basel-based pharmaceutical company Novartis, valued at €118.3 billion, comes in 27th while cross-city rival Roche (€95.5 billion) is ranked 40th. Xstrata, the Zug-based mining concern, makes it to 98th…

Online food shopping in Switzerland enjoys a boom

This content was published on Jan 3, 2011 The company, which makes home deliveries, said a contributing factor to the increase was that customers were making more use of their mobile phones to place orders. In a statement on Monday, LeShop said that one out of 20 orders was made with a mobile phone. It added that about 50,000 households on average made…

Federal Railways expects more demands for cash

This content was published on Jan 2, 2011 It has been a year since the European Union regulations granting better passenger rights have taken effect. These also apply to passengers crossing the border into Switzerland. If a train leaving France or Germany arrives late in Switzerland, customers can ask to be reimbursed a portion of the ticket price. According to Swiss Federal Railways…

Millions of good wishes sent via mobile phone

This content was published on Jan 2, 2011 Between December 31, 2010 and January 1, 2011, the three major mobile phone operators counted a total of 116.1 million text and multimedia messages. That’s 6.1 million more than last year. According to telecom expert Ralf Beyeler of consumer service Comparis, mobile phone users in Switzerland pay an average of SFr0.15 ($0.16) per SMS. He…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Inflation picks up more than forecast

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Edipresse pulls plug on Swisster news site

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Jump-start for new car sales

More

Coop reaches new sales landmark

More

Mountain Radio Verbier goes on air and online

More

Ruins of prosperity

More

Switzerland’s Nestlé comes in the top ten

More

Online food shopping in Switzerland enjoys a boom

More

Federal Railways expects more demands for cash

More

Millions of good wishes sent via mobile phone

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