Archive – Banking & Fintech

Ministers address report that criticises them

This content was published on Jun 6, 2010 In a newspaper interview published on Sunday in the Neue Zürcher Zeitung, the minister said she had twice faced hard but fair questions by investigators. She said the 300-page report was so thorough that a separate investigation into UBS over its tax woes in the United States would likely not bring anything new to light.…

Swiss help developing countries go green

This content was published on Jun 4, 2010 The State Secretariat for Economic Affairs (Seco) said the goal was to foster an eco-friendly energy supply through a series of investments and measures to improve the investment climate and private-sector incentives. SREP (Scaling-up Renewable Energy in Low-Income Countries), is run under the Climate Investment Funds (CIF), a World Bank-approved project. As the largest funds…

Orange and Sunrise abandon merger

This content was published on Jun 3, 2010 In statements on Thursday evening, both parent groups – France Télécom and TDC – said they had looked at their options following the block in April and had decided to give up plans to merge. The competition commission argued that the company resulting from the deal would have a dominant position in the mobile telephone…

Euro to remain stable against Swiss franc

This content was published on Jun 3, 2010 Europe’s single currency will probably hover in the next 12 months near the SFr 1.40 mark, some 50 analysts estimate in a survey published on Thursday by Reuters. From the current level of SFr1.41, the euro is likely slip to SFr1.39 in six months before inching upward again to SFr1.40 by this time next year.…

Senate paves way for US to get UBS client data

This content was published on Jun 3, 2010 Senators voted 31-12 on Thursday to approve the deal. They also agreed not to put the issue to a referendum and that the treaty will apply retroactively. The issue is now expected to go before the House of Representatives on Monday, which is poised to discuss launching a parliamentary investigation into the matter. “The UBS…

Transocean to boost status as Swiss company

This content was published on Jun 3, 2010 The Zug-based firm, with operational headquarters in Texas, will be admitted to the blue-chip Swiss Market Index (SMI) at the end of June, replacing Swiss Life Holding on the list of the biggest, most actively traded companies on the Zurich exchange. Transocean has already been represented on the broader Swiss Performance Index (SPI) since the…

No more business as usual, says Leuthard

This content was published on Jun 2, 2010 As the guest of honour at the International Labour Conference in Geneva, Leuthard addressed a crowd of 2,000 delegates from more than 150 nations on Wednesday. “We shouldn’t try to go back to ‘business as usual,’” said Leuthard, citing lingering problems such as unemployment and underemployment. Instead she called for a new worldwide system to…

Investigative committee unlikely in UBS case

This content was published on Jun 2, 2010 Both the centre-right Christian Democrats and the Radical Party are against the move, as is the office of the Senate – which voted four to one to recommend that no committee be formed, Senate speaker Erika Forster announced Tuesday evening. However, the centre-left Social Democrats, the Green Party and the rightwing Swiss People’s Party are…

E-commerce defies economic crisis

This content was published on Jun 2, 2010 The E-Commerce Report 2010 found that turnover had increased by an average of 14 per cent among more than 20 leading online retailers in the country last year. “The large majority were not at all affected by the economic crisis or at most only had lower growth,” concluded the study, which was conducted by the…

Coop embraces Body Shop

This content was published on Jun 1, 2010 Coop, which announced the takeover on Tuesday, did not disclose how much it had paid to take over the 37 cosmetic and beauty supply shops. Ivan Levy, a founder and owner of The Body Shop Switzerland, will remain at the helm of the company and all 192 employees will keep their jobs. As for organisation,…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Ministers address report that criticises them

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Swiss help developing countries go green

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Orange and Sunrise abandon merger

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Euro to remain stable against Swiss franc

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Senate paves way for US to get UBS client data

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Transocean to boost status as Swiss company

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No more business as usual, says Leuthard

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Investigative committee unlikely in UBS case

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E-commerce defies economic crisis

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Coop embraces Body Shop

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