Archive – Banking & Fintech

Roche to buy high-tech imaging company

This content was published on Aug 23, 2010 The deal, worth $100 million (SFr105 million), is being carried out by a Roche subsidiary in the United States, Ventana Medical Systems Inc. Roche said in a statement that BioImagene, “is an innovative leader in the field of digital pathology workflow and analysis”. This technology enables the capturing of images, analysis of these images and…

“A third of Swiss hotels must close”

This content was published on Aug 22, 2010 swissinfo.ch looks at the health of the sector and the various challenges facing managers at both ends of the star spectrum. “Building a hotel where people can sleep, eat and drink is not good enough anymore,” Guglielmo Brentel, president of the Swiss Hotel Association (hotelleriesuisse), told swissinfo.ch. “There are other reasons why people travel and…

UBS launches PR offensive

This content was published on Aug 22, 2010 It follows a tumultuous two years, with the bank posting billions of francs in losses in 2008 and becoming embroiled in a tax evasion scandal. UBS chief executive Oswald Grübel said last month the bank had turned a corner, reporting its third successive quarter of profits. The new publicity campaign aims to build up the…

Central bank defends euro intervention

This content was published on Aug 21, 2010 Philipp Hildebrand told the Tages-Anzeiger newspaper that if the central bank had not purchased significant amounts of euros in April and May, Switzerland would have run the risk of deflation and unemployment soaring by up to eight per cent. Both outcomes would not have conformed with the law, he said, and so the central bank…

Swiss-American trade may face rough ride

This content was published on Aug 20, 2010 The prospect that incoming regulations could harm relations is also a concern of the Swiss ambassador in Washington, Urs Ziswiler, who has called for some careful consideration. The chamber, which is based in Zurich, said on Thursday that the business relationship would have been put “under considerable stress” had the Swiss parliament not ratified a…

Family Running Tour

This content was published on Aug 19, 2010 A family charity run in support of Survival International, tours the City of Basel on a 1.5 km route, with competitions and quizzes, hidden treasures and stories of times gone by. A fun way for people of all ages to discover the city.

Profits crumble at cement maker Holcim

This content was published on Aug 19, 2010 The world’s second-largest cement maker said in a report published on Thursday that a slow recovery in European construction had eaten into second-quarter profits, which slumped 12 per cent to SFr399 million. Net sales for the first six months of 2010 had topped SFr10.9 billion, up 8.1 per cent. The figures beat analysts’ expectations of…

Controversial Finma head stands down

This content was published on Aug 18, 2010 The former UBS manager got caught up in a political storm earlier this year when the federal administrative court said Finma had abused its power when it ordered details of 255 UBS account holders suspected of tax evasion in the United States to be sent to Washington. The following day Haltiner said Finma had made…

Swiss Life profit doubles

This content was published on Aug 18, 2010 Zurich-based Swiss Life announced on Wednesday that group premium income increased 20 per cent to SFr12.2 billion, as economic recovery persuaded customers to invest again in life insurance policies in Germany and France. Operating profit for the first six months of the year was SFr415 million, up from SFr251 million for the same period in…

Nestlé factory in Congo sparks mixed reactions

This content was published on Aug 18, 2010 The Swiss-based food giant announced two months ago that it would spend $40 million (SFr41.9 million) over the next three years on a factory in the capital Kinshasa. It will produce culinary and coffee brands including Nescafé 3-in-1 and Maggi stock cubes. But the granting of generous tax benefits to the group’s Congo subsidiary has…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Roche to buy high-tech imaging company

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“A third of Swiss hotels must close”

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UBS launches PR offensive

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Central bank defends euro intervention

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Swiss-American trade may face rough ride

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Family Running Tour

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Profits crumble at cement maker Holcim

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Controversial Finma head stands down

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Swiss Life profit doubles

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Nestlé factory in Congo sparks mixed reactions

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