Archive – Banking & Fintech

Highway life

This content was published on Aug 11, 2010 The A2, which connects Basel and Chiasso, runs through a populated and yet mountainous area. In places it runs very close to people’s homes. The photo book Wohnort Autobahn (Benteli, 2010) explains the historical, cultural and social background of the people living along this road axis.

Nestlé reports healthy half-year profit

This content was published on Aug 11, 2010 The Swiss-based company said sales reached SFr55 billion – up SFr3 billion or 7.5 per cent – compared with last year. “We have increased investment in our brands, people and capabilities and have prepared the company for a more challenging second half,” said chief executive Paul Bulcke on Wednesday. The maker of Nescafé, KitKat and…

Consumer confidence hits three-year high

This content was published on Aug 10, 2010 Seco’s quarterly survey index settled at +16 points in July, just above +14 points in April. It is the highest level since April 2007. Households expect to be able to save more in the coming months but were less confident about job market prospects. As for the general economic situation over the next year, there…

Confidence grows in economy

This content was published on Aug 6, 2010 The research centre at the Federal Institute of Technology in Zurich (ETHZ) asked 7,100 enterprises about their perceptions of the economy. It found a largely positive outlook among the industrial, commerce and service sectors as factories increase production. The report, published on Friday, showed that manufacturing capacity had increased from 80 to 83 per cent…

Swiss Re is back in black but doubts persist

This content was published on Aug 5, 2010 Swiss Re, which is based in Zurich, said its net profit was $812 million (SFr853.4 million) despite higher catastrophe payouts. Financial analysts polled by Reuters had expected an average profit of $359 million, following a net loss of $342 million compared with the same period a year ago. Swiss Re’s property and casualty unit delivered…

UBS ordered to pay millions in damages

This content was published on Aug 5, 2010 An arbitration panel of the Financial Industry Regulatory Authority (Finra) made its award in favour of the Kajeet company of Maryland, which lost business when its cash was frozen in auction rate securities in early 2008. A UBS spokeswoman said the bank “strongly disagrees with the arbitration panel’s decision… and we will file a motion…

Transocean profit tumbles after rig loss

This content was published on Aug 5, 2010 The Swiss based contractor said profit was down to $715 million (SFr753 million) due to resulting legal costs and the reduced income. The profit was lower than expected but shares of the world’s largest offshore rig contractor rose by more than four per cent in late morning trading on Thursday in Zurich to SFr59.20, its…

Swiss hotels see increase in overnight stays

This content was published on Aug 4, 2010 According to figures released by the Federal Statistics Office on Wednesday, there were 17.5 million overnight stays between January and June. That shows a 2.1 per cent increase compared with those months in 2009. There was a 2.9 per cent rise in guests from Switzerland, who accounted for 7.5 million of those stays. There was…

Swatch’s sales see large increase

This content was published on Aug 4, 2010 The group, which makes Swatch watches and owns a wide range of other Swiss brands, saw operating profit increase by 81.4 per cent to SFr626 million, and net income rise by 54.5 per cent to SFr465 million. “Growth has been solid in July, and we expect a strong result for the second half of 2010…

Human error caused Glacier Express crash

This content was published on Jul 30, 2010 The driver of the Glacier Express train had been going about 20km above the 35km/h permitted level when the accident occurred on July 23. Federal investigators found he had sped up too early, not allowing the whole train to cross a line marking the end of the 35km/h zone and the start of the 55km/h…

Page 598 of 1641

First … 596 597 598 599 600 … Last

Archive – Banking & Fintech

Popular Stories

Most Discussed

Archive – Banking & Fintech

More

Highway life

More

Nestlé reports healthy half-year profit

More

Consumer confidence hits three-year high

More

Confidence grows in economy

More

Swiss Re is back in black but doubts persist

More

UBS ordered to pay millions in damages

More

Transocean profit tumbles after rig loss

More

Swiss hotels see increase in overnight stays

More

Swatch’s sales see large increase

More

Human error caused Glacier Express crash

Popular Stories

Most Discussed