Archive – Banking & Fintech

Swiss strike gold with unwanted jewellery

This content was published on Oct 13, 2010 It’s no problem to discover where to go: just flick through the small ads of the newspaper, or walk around the shopping area of any town, and you’ll soon find someone interested in buying what you have to sell. But Monika Baumberger, general manager of precious metals recycler Edelmetall-Service in Switzerland says that not everyone…

Banking secrecy will not go to nationwide vote

This content was published on Oct 12, 2010 The federal authorities said the rightwing Lega dei Ticinesi party failed to hand in the required number of signatures – at least 100,000 – by the deadline of October 1. Earlier this year, supporters of the people’s initiative said they had managed to collect just over a half of the signatures necessary to force a…

Job vacancies double in financial sector

This content was published on Oct 11, 2010 This is 56 per cent more than a year ago, according to quarterly figures released on Monday by online Swiss sites Finews.ch and JobDirectory.ch. Banks had 1,808 vacancies, compared with 893 at the end of September 2009. The employers with the most spots to be filled were UBS, with 574, and Credit Suisse, with 335.…

Russian energy shift encourages Swiss firms

This content was published on Oct 11, 2010 Russia has embarked on a push to upgrade its electricity grid and its oil- and gas-dependent energy infrastructure. The 2014 Winter Olympics project and the creation of a Silicon Valley near Moscow could also offer lucrative contracts. Trade between Russia and Switzerland has nearly tripled in the past five years, reaching SFr2.8 billion ($2.9 billion)…

Switzerland hit by currency devaluation race

This content was published on Oct 11, 2010 Swiss exporters are already facing the double whammy of a franc strengthening against the euro and the dollar. And there are signs of more trouble as the United States, China, Japan and other nations signal further currency weakening. Recent weeks have seen a spate of statements from around the world indicating future rounds of quantitative…

Central bank head warns recovery is fragile

This content was published on Oct 8, 2010 Philipp Hildebrand said in a statement published on the IMF’s website on Friday that the “immediate policy priority” was to strengthen sustainable growth. He added that the scope, nature and timing of policy responses would vary across countries. “Many countries emerge from this crisis with high debt burdens, and many central banks have yet to…

Yahoo! plans expansion in Switzerland

This content was published on Oct 8, 2010 Although Yahoo! bought the land for the centre three years ago, its plans ran into local opposition and work at the site only started on Thursday. Yahoo! co-founder Jimmy Yang made a whistle-stop tour to the western town of Rolle this week, site of the company’s European headquarters, to present Yahoo!’s plans for Switzerland. Rich…

Swiss come top in wealth survey

This content was published on Oct 8, 2010 In its inaugural Global Wealth Report, the institute says that the average wealth per adult in Switzerland in 2010 was $372,692 (SFr360,338) an increase of 60 per cent since the year 2000. Switzerland is followed in this ranking by Norway, Australia, Singapore, France, Sweden, the United States, Luxembourg, Britain and Italy. At the other end…

Novartis enters partnership in fight against flu

This content was published on Oct 7, 2010 Basel-based Novartis said its collaboration with the United States group was aimed at accelerating the production of flu strains required for vaccine manufacturing. A statement on Thursday said that the three-year agreement could ultimately lead to a more effective response to seasonal and pandemic flu outbreaks. Novartis and other vaccines companies currently rely on the…

Zurich pays heavily to settle claim in US

This content was published on Oct 7, 2010 The insurance company, based in Switzerland’s largest city, said the money would go to a total of up to 13 million policy holders, plus another $90 million in attorneys’ fees. In a statement on Thursday, the company said that while the allocation plan for payments to class members had not yet been determined, and while…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Swiss strike gold with unwanted jewellery

More

Banking secrecy will not go to nationwide vote

More

Job vacancies double in financial sector

More

Russian energy shift encourages Swiss firms

More

Switzerland hit by currency devaluation race

More

Central bank head warns recovery is fragile

More

Yahoo! plans expansion in Switzerland

More

Swiss come top in wealth survey

More

Novartis enters partnership in fight against flu

More

Zurich pays heavily to settle claim in US

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