Archive – Banking & Fintech

Has UBS bank finally turned the corner?

This content was published on Jul 27, 2010 On Tuesday, six weeks after settling the US tax case, the bank reported a third successive quarter of profits and a marked decline in assets being withdrawn by wealthy clients. Has UBS left all of its problems behind? Chief executive Oswald Grübel, charged with restoring the bank’s fortunes since his appointment in February last year,…

Traveller stats take off at biggest airports

This content was published on Jul 27, 2010 Despite severely disrupted service following the Iceland volcano explosion in April, Geneva airport recorded more than 5.65 million passengers for the first six months of the year — 4.43 per cent more than the first half of 2009. “We are surpassing our 2010 goals for growth,” airport spokesman Bertrand Stämpfli told the Geneva-based Le Temps…

Value of weapons exports falls in first half

This content was published on Jul 27, 2010 Germany was the main customer, buying weapons and weapon components valued at SFr67.2 million. Figures released by the Federal Customs Administration on Tuesday showed that Saudi Arabia was in second place (SFr31.8 million) and Britain third (SFr29.3 million). Behind the top three came Pakistan, which spent more than SFr13 million on ammunition for its anti-aircraft…

UBS profit shines in second quarter

This content was published on Jul 27, 2010 The second-quarter profit exceeded analysts’ forecasts and client money withdrawals fell to their lowest level since early 2008. The news was met with enthusiasm at the Zurich stock exchange, with the UBS share price rising by seven per cent cent in early morning trading to SFr16.80. By the end of the day shares had leapt…

Japanese train tourists remain in hospital

This content was published on Jul 26, 2010 The Valais hospital authorities said seven of the victims – all Japanese citizens – were severely injured, including two who are on artificial respiratory machines. One Japanese tourist was killed and 40 other passengers suffered injuries when the train derailed in the Upper Valais region on its journey from Zermatt to St Moritz. The cause…

Cosmetic botox booms at expense of mice

This content was published on Jul 26, 2010 Crow’s feet? Creased forehead? Botox is regularly touted as a solution, but few mention the animal cruelty involved.

Swiss funds to put Polish trains back on track

This content was published on Jul 25, 2010 The old rolling stock of the Warsawska Kolej Dojazdowa (WKD), a suburban railway that connects the city centre with the southwest, is to be modernised with funds from Switzerland’s enlargement contribution. In the centre of Warsaw, right next to the city’s famous landmark, the Palace of Culture, there are modern shopping malls, a multilevel city…

Swiss banks pass tougher stress tests

This content was published on Jul 23, 2010 UBS and Credit Suisse are deemed to be more resilient to stock market plunges and national debt defaults than some other European banks, according to separate reports by Swiss and European Union regulators. The EU and the Swiss Financial Markets Supervisory Authority (Finma) both released the findings of their stress tests on Friday. Both measured…

Tourist train derails, several injured

This content was published on Jul 23, 2010 Three carriages from the Glacier Express came off the track for unknown reasons shortly after 12pm near a viaduct in the Goms Valley. Eyewitnesses said one carriage had tipped over and two others remained upright. No deaths have been reported so far. Rescue workers, including five helicopter crews from Air Zermatt, several dozen firemen, paramedics…

Estonia

This content was published on Jul 23, 2010 Estonia’s economy was dealt a severe blow by the global economic crisis. The capital, Tallinn, is still booming and efforts are being made to restore the country’s architectural heritage suppressed during Soviet rule. (Text/photos: Andreas Keiser, swissinfo.ch)

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Has UBS bank finally turned the corner?

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Traveller stats take off at biggest airports

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Value of weapons exports falls in first half

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UBS profit shines in second quarter

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Japanese train tourists remain in hospital

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Cosmetic botox booms at expense of mice

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Swiss funds to put Polish trains back on track

More

Swiss banks pass tougher stress tests

More

Tourist train derails, several injured

More

Estonia

Popular Stories

Most Discussed