Archive – Banking & Fintech

The World Cup, removing traces of apartheid

This content was published on May 15, 2010 With the football World Cup coming up, the government has invested massive sums to relieve road traffic congestion. Gauteng province covers just over 17,000 km2 in the north east of the country – less than two per cent of South Africa’s total land area. And yet, it is home to more than ten million people.…

Gold and UBS bolster central bank books

This content was published on May 14, 2010 The Swiss National Bank (SNB) said on Friday that SFr921 million in profit had come in the wake of using funds to siphon off toxic assets from big bank UBS, which needed a bailout last year after taking huge losses in the subprime mortgage crisis. But large purchases of euros to suppress the value of…

Government woos parties over UBS data

This content was published on May 12, 2010 He said it made no sense to reject the deal, damaging the future of the bank and the Swiss economy. Merz presented a plan by the cabinet, including measures to curb excessive bonus payments, aimed at limiting the risks for the national economy caused by important banks, known as the “too big to fail” problem.…

Bombardier wins double-deck train order

This content was published on May 12, 2010 The trains – 50 of which are 200 metres in length and nine 100 metres – will include energy-efficient engines, electricity plugs and wireless internet in all carriages, roomier lavatories and at least one baby-changing table. There will also be a business section for meetings, video cameras to improve security and technology to prevent passengers’…

Swiss still intent on stabilising franc

This content was published on May 12, 2010 SNB chairman Philipp Hildebrand made the comment on Tuesday evening as the franc surged to record highs against the euro despite the introduction of massive bailout measures for indebted Eurozone nations – primarily Greece. The SNB is reported to have made wholesale purchases of the euro worth tens of billions of francs in a bid…

Gems fetch dazzling prices at auction

This content was published on May 12, 2010 The semi-annual sale at Sotheby’s made nearly double the low end of its pre-sale estimate, experts said. Top lot was a blue cushion-shaped diamond weighing 7.64 carats, mounted in a yellow gold and platinum ring, which went for SFr 8.9 million to an anonymous buyer. A ring by jeweller Alexandre Reza with a blue diamond…

IMD cements top business school ranking

This content was published on May 11, 2010 The school said that the placing – and those of the past few years – confirmed its place among the best business schools in the world. Harvard Business School in the United States took the top spot in the 2010 top 50, with HEC Paris in France second. The list is a compilation of rankings…

UBS fund takes stance against cluster bombs

This content was published on May 11, 2010 UBS Global Asset Management took a policy decision in April, it was confirmed on Tuesday. “Global Asset Management excludes investments in firms that are active in the cluster bomb field for its actively managed Swiss and Luxembourg fund,” UBS said in a statement to swissinfo.ch. Investments in cluster bomb makers were “marginal at every point…

Swiss consumer confidence surges

This content was published on May 11, 2010 The quarterly survey index – in which 1,100 households are asked to evaluate the economic situation and their own financial status – reached a level of +14 points in April, compared with -7 points in January. It showed that in the coming months Swiss consumers are expecting the economy to improve further as well as…

Swiss stock market responds to euro deal

This content was published on May 10, 2010 The stock exchange closed just below 6482. The biggest gains were made by Swiss Re, up 10.1 per cent, and by the two major banks, UBS (up 9.27 per cent) and Credit Suisse (8.65 per cent). European markets as well as Wall Street surged after the rescue plan, worth upwards of €750 billion (SFr1.1 trillion),…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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The World Cup, removing traces of apartheid

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Gold and UBS bolster central bank books

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Government woos parties over UBS data

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Bombardier wins double-deck train order

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Swiss still intent on stabilising franc

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Gems fetch dazzling prices at auction

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IMD cements top business school ranking

More

UBS fund takes stance against cluster bombs

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Swiss consumer confidence surges

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Swiss stock market responds to euro deal

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