Archive – Banking & Fintech

Former WikiLeaks “bank” still denied licence

This content was published on Dec 21, 2010 PostFinance, the financial arm of Swiss Post, has squeezed the concession of future life as a separate company. But it must continue to sub-contract many financial services while it remains a state-run monopoly. The rather staid world of Swiss post office banking accounts and insurance offerings has been far from mundane in recent weeks. Earlier…

Drug price gap narrows in Switzerland

This content was published on Dec 21, 2010 However, generic drugs are nearly twice as expensive as the combined average of France, Germany, Austria, Denmark, the Netherlands and Britain, according to a survey published by the health sector on Tuesday. The 200 patented drugs generating the biggest turnover are around six per cent more expensive in Switzerland, a drop of three per cent…

Watch exports go up almost 30 per cent

This content was published on Dec 21, 2010 They rose by 29.7 per cent to SFr1.78 billion ($1.85 billion), making a total of SFr14.6 billion over 11 months. By the end of the year, these figures – slightly higher than those of 2007 – should come close to the 2008 record, when SFr17 billion was made. The Asian markets played a big role…

Strong franc gives tourism sector the chills

This content was published on Dec 20, 2010 On Monday the euro fell to another record low against the franc of 1.2715 as investors, spooked by the euro crisis and tension between North and South Korea, moved into so-called safe-haven currencies such as the franc and the yen. Twelve months ago one euro cost SFr1.50. As a result, staying in Switzerland is around…

Novartis to invest $500 million in Russia

This content was published on Dec 20, 2010 Novartis says the investment will include the construction of a drug production plant in the western city of St Petersburg as well as research and development partnerships with local companies. The Basel-based company says construction of the plant starts in 2011. It will be used to produce 1.5 billion generic and proprietary drugs each year…

Toys and games bring holiday cheer

This content was published on Dec 19, 2010 Toy sales in Switzerland don’t appear to have been affected by the economic crisis, the industry reports. The e-games sector is even expecting a light upswing, boosted by market innovations. Christmas is a key time for toy retailers, with around 50 per cent of sales – yearly turnover for the industry is estimated to be…

Swiss firms explore latest IT promised land

This content was published on Dec 18, 2010 Cloud computing takes information technology outsourcing to another level by promising clients more control over their data. But the financial sector in particular is grappling with how to use it without compromising confidentiality and security. The latest innovation allows companies to tap into IT infrastructure, software or services – such as email – over the…

Chocolate reindeer freed from Swiss packaging

This content was published on Dec 17, 2010 The Swiss company, along with Germany’s August Storck, wanted to register the chocolate figures – also including a mouse and a bell with a red ribbon – to make sure only their versions could appear in Europe’s chocolate shops and supermarkets. But the General Court of the European Union ruled Friday that the sweets “are…

Central bank wants greater supervisory clout

This content was published on Dec 17, 2010 The central bank wants to become more heavily involved in setting new financial regulations and to have the final say on how much capital banks must set aside to cover risks. The SNB also demanded a mandate to force banks to reveal levels of risk and mortgage lending criteria. The Swiss Financial Markets Supervisory Authority…

Heavy snowfalls affect air traffic

This content was published on Dec 17, 2010 The airport tarmac reopened at 9.30am, but delays are to be expected all day. Geneva airport staff had to clear around 20 centimetres of snow which fell during the night, a spokesman said. Zurich airport remains open, but is also badly affected with around 30 flight cancellations and delays of about half an hour. Less…

Page 577 of 1641

First … 575 576 577 578 579 … Last

Archive – Banking & Fintech

Popular Stories

Most Discussed

Archive – Banking & Fintech

More

Former WikiLeaks “bank” still denied licence

More

Drug price gap narrows in Switzerland

More

Watch exports go up almost 30 per cent

More

Strong franc gives tourism sector the chills

More

Novartis to invest $500 million in Russia

More

Toys and games bring holiday cheer

More

Swiss firms explore latest IT promised land

More

Chocolate reindeer freed from Swiss packaging

More

Central bank wants greater supervisory clout

More

Heavy snowfalls affect air traffic

Popular Stories

Most Discussed