Archive – Banking & Fintech

Rightwing challenge of tax accords fails

This content was published on Jul 23, 2010 The far-right Lega dei Ticinesi group said it had given up collecting the necessary signatures for a referendum. The group said it was disappointed that neither banks nor other financial institutions outside the Ticino region had given their support. The move comes in the wake of similar announcements by the Swiss People’s Party and the…

Warsaw commuter train

This content was published on Jul 23, 2010 The trains might bring back memories but they are outdated and the rail infrastructure can no longer cope with growth in demand. (Text and pictures: Alexander Künzle, swissinfo.ch)

Cantons dangle juicier tax carrots for firms

This content was published on Jul 23, 2010 Lucerne’s decision to slash corporate profit taxes in the next two years has raised the hackles of some neighbouring cantons and could draw unwanted attention from the European Union. The EU has fiercely criticised the tax inducements offered by Swiss cantons as being uncompetitive and in violation of a trade treaty between the two parties.…

Bumps in road could slow motorway plans

This content was published on Jul 22, 2010 Even though there are only 100km left to build to complete the government master plan, few are satisfied. The motorist lobby wants wider roads while greens want to spend more on public transport. Most visitors to the country often praise Switzerland’s excellent rail system, but the Swiss also possess an efficient road network. The asphalt…

Credit Suisse rides bumps with solid results

This content was published on Jul 22, 2010 The bank, which is based in Zurich, continued to attract money from wealthy clients, albeit it at a slower pace than in the first quarter. Profits were marginally better than the same period last year, but down 22 per cent on the first three months of 2010. Financial analysts, polled by Reuters, had expected the…

Roche posts encouraging half year results

This content was published on Jul 22, 2010 Sales were up three per cent in Swiss francs to SFr24.6 billion. Roche said that major drivers included the group’s leading cancer medicines, with sales of its oncology portofolio rising by nine per cent to SFr11.1 billion. But it noted that the net-profit increase was primarily achieved as a result of much lower charges incurred…

ABB profits slow as big orders drop

This content was published on Jul 22, 2010 The report released on Thursday showed the second consecutive decline in quarterly earnings for the Swiss-based company, the world’s largest builder of electricity networks. The company, which also builds robots for industrial use, blamed the slowdown on European and United States buyers who had postponed large investments in items like electricity grids. Smaller orders, those…

Leuthard receives support from Sarkozy

This content was published on Jul 21, 2010 In 2011 France will chair the G20, a group of finance ministers and central bank governors from 20 economies: 19 countries plus the European Union. Switzerland is not a member. Speaking in Paris, Leuthard said Switzerland – the seventh-largest financial centre in the world – wanted to bring ideas to discussions and be able to…

Euro purchases push central bank into red

This content was published on Jul 21, 2010 The Swiss National Bank (SNB) said on Wednesday that it spent around SFr132 billion to keep the Swiss franc down by boosting the demand for euros. The money went largely to buying the common European currency. The Swiss franc still climbed against the euro during the first six months of the year, amounting to more…

Synthetic food dyes raise alarm

This content was published on Jul 20, 2010 From Tuesday, sweets and soft drinks containing azo dyes – which account for more than half of all dyes used in food and textile manufacture – will be sold with a warning in the EU, as they are thought to contribute to hyperactivity among children. In the EU, products containing azo colouring or quinoline yellow…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Rightwing challenge of tax accords fails

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Warsaw commuter train

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Cantons dangle juicier tax carrots for firms

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Bumps in road could slow motorway plans

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Credit Suisse rides bumps with solid results

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Roche posts encouraging half year results

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ABB profits slow as big orders drop

More

Leuthard receives support from Sarkozy

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Euro purchases push central bank into red

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Synthetic food dyes raise alarm

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