Archive – Banking & Fintech

Swiss economy negotiates difficult path

This content was published on Jun 8, 2010 The economic climate looks brighter for Switzerland than most of Europe, with an upturn for manufacturers and consumer sentiment still high. But the struggling euro and a surging housing market give some cause for concern. On Tuesday, the State Secretariat for Economic Affairs (Seco) revised its prediction for gross domestic product (GDP) growth this year…

Stark warning over UBS deal failure

This content was published on Jun 8, 2010 The House of Representatives on Tuesday rejected the deal, a settlement reached between the US and Switzerland last year requiring the handover of confidential client data to save the Swiss bank UBS from legal action. The deal will now go once again before the Senate before returning to the House of Representatives, where a final…

Positive results for winter tourist season

This content was published on Jun 8, 2010 Provisional figures published by the Federal Statistics Office confirm an increase of 0.5 per cent during the winter (from November 2009 to April 2010) compared with the same period the year before. It said there were 15.9 overnight stays, an increase of 86,000. The figures come despite the weakness of the euro and continuing global…

Seco sticks to forecast of slow upswing

This content was published on Jun 8, 2010 In its Summer 2010 forecast, Seco’s group of experts said that growth for 2010 was slightly better than anticipated, but that it saw increased risks for 2011. “While the growth prospects for 2010 are even slightly better than anticipated until now (1.8 per cent instead of 1.4 per cent), the Gross Domestic Product (GDP) forecast…

Support for petition to show Fifa yellow card

This content was published on Jun 7, 2010 The online petition by Swiss Labour Assistance wants to “Show the yellow card” to football’s Zurich-based governing body, Fifa. Among the petition’s demands are for fair wages and conditions for construction workers and staff at the World Cup, a ban on demolition of impoverished areas and shantytowns and unrestricted freedom of the press during the…

Jumbo-sized problem for Zurich police

This content was published on Jun 7, 2010 Sabu managed to break free on Sunday night when her keeper wasn’t watching, headed off to Lake Zurich and took a dip in the water, before stunning onlookers as she strolled down the Bahnhofstrasse, the city’s priciest shopping street. Trailed by her keepers and police with blue lights and sirens, she continued towards the railway…

Swiss economy spills over the borders

This content was published on Jun 7, 2010 The border regions of Germany, France and Italy are more important to the Swiss economy than China, the United States and India, Jean-Daniel Gerber, head of the State Secretariat for Economic Affairs (Seco), told a French newspaper recently. In other words, the notion of a border has changed. The Swiss economy overflows into the surrounding…

Swiss buy smaller, less thirsty cars

This content was published on Jun 7, 2010 For the first time in recorded history, the fuel consumption of new cars went down to under seven litres per 100 kilometres in 2009. The exact figure was 6.86 litres per 100 kilometres, the Federal Energy Office announced on Monday. That brings the average CO2 emissions down to an average of 167 grams per kilometre…

Transocean drops Swiss anchor with listing

This content was published on Jun 7, 2010 The company, which has been embroiled in the recent Gulf of Mexico oil spill, will be fast-tracked to the leading blue chip Swiss Market Index (SMI) and the Swiss Leader Index (SLI) on June 21. The Swiss stock exchange (SIX) has ignored the controversy surrounding the firm and has decided to go ahead with the…

UBS tells government it’s ready to talk

This content was published on Jun 6, 2010 In a letter addressed to Swiss President Doris Leuthard and members of a parliamentary control committee, UBS chairman Kaspar Villiger and CEO Oswald Grübel said they were willing to talk. “This is a good sign,” said Hans Hess, a senator from the centre-right Radical Party and vice chairman of the committee that recently criticised the…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Swiss economy negotiates difficult path

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Stark warning over UBS deal failure

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Positive results for winter tourist season

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Seco sticks to forecast of slow upswing

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Support for petition to show Fifa yellow card

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Jumbo-sized problem for Zurich police

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Swiss economy spills over the borders

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Swiss buy smaller, less thirsty cars

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Transocean drops Swiss anchor with listing

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UBS tells government it’s ready to talk

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