Archive – Banking & Fintech

G20 to tackle discordant financial plans

This content was published on Nov 10, 2010 Switzerland is planning to introduce new measures to reduce the risk of big banks bringing down the economy if they go bust. But there is a lack of harmony on how to tackle the problem on a global scale. With many countries introducing a range of different remedies for the same issue, there are fears…

Optimism among consumers begins to wane

This content was published on Nov 9, 2010 According to the survey from October, consumers are expecting less dynamic business activity and a higher unemployment rate for the coming months. The results, from questions put to 1,100 households in a new consumer confidence index, also showed that expectations about the general economic situation were less optimistic than in July. Estimates about personal financial…

Urine could hold secret to crop fertilisation

This content was published on Nov 8, 2010 No longer of use to the body that excretes it, urine is getting a second life in the form of fertiliser thanks in part to Swiss engineers.

French-Swiss tax deal enters into force

This content was published on Nov 4, 2010 The agreement conforms with the Model Tax Convention of the Organization for Economic Co-operation and Development (OECD), which creates an obligation for countries to share relevant data for tax enforcement. It is one of a series of revised tax deals that Switzerland has signed with other governments, in order to be removed from the OECD’s…

Parcel bombs spark air freight concerns

This content was published on Nov 4, 2010 Last week, two powerful bombs sent from Yemen were discovered on aircraft in Dubai and Britain. Greece suspended international airmail for 48 hours after a plot to send explosive devices to European leaders was uncovered on Tuesday. “Nobody is surprised as this was an incident waiting to happen. Cargo was always the weak spot in…

Barry Callebaut reports robust figures

This content was published on Nov 4, 2010 In a statement, the company said its net profit rose to SFr252 million ($261 million), while sales were up by 6.8 per cent at SFr5.214 billion. The company, which is based in Zurich and has activities worldwide, said on Thursday it was confident of outpacing a sluggish chocolate market by looking for more outsourcing deals…

Winter tourism tipped to feel the chill

This content was published on Nov 2, 2010 Record numbers of tourists from China and India, who propped up the hotel industry in the summer, are forecast to stay away during the winter freeze. As a result, overnight stays are forecast to drop by 1.5 per cent from last year. Research group BAK Basel Economics has predicted a 2.2 per cent decline in…

Prominent patron Branco Weiss dies

This content was published on Nov 1, 2010 The high-tech businessman was in particular known for supporting the Federal Institute of Technology in Zurich (ETHZ) and encouraging young entrepreneurs and start-ups. Weiss was born in Zagreb in present-day Croatia and fled as a young man to Switzerland to escape fascism. He graduated from the ETHZ in 1951 with a M. Sc. in chemical…

House price hotspot concerns refuse to fade

This content was published on Oct 31, 2010 While there is no talk of a complete housing market collapse, some observers fear a rise in rents and mortgage payment defaults when interest rates eventually climb upwards. Some banks have been warned to improve lending standards. The solid state of the property market compared to other countries has been a source of pride for…

Bank Julius Bär wins two prestigious prizes

This content was published on Oct 29, 2010 The honours were awarded by the Financial Times publications Professional Wealth Management and The Banker. In a statement on Friday, Julius Bär said the awards were recognition of its “strong commitment” to its Swiss home market and of the bank’s profitable growth strategy. Julius Bär was competing against 75 private banking and wealth institutions from…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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G20 to tackle discordant financial plans

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Optimism among consumers begins to wane

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Urine could hold secret to crop fertilisation

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French-Swiss tax deal enters into force

More

Parcel bombs spark air freight concerns

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Barry Callebaut reports robust figures

More

Winter tourism tipped to feel the chill

More

Prominent patron Branco Weiss dies

More

House price hotspot concerns refuse to fade

More

Bank Julius Bär wins two prestigious prizes

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