Archive – Banking & Fintech

Switzerland and France back on track over tax

This content was published on Feb 12, 2010 The Swiss finance ministry said on Friday that France will not request administrative assistance in obtaining information about suspected tax evaders whose details were contained in data stolen from the Geneva branch of the British HSBC and handed to the French tax authorities at the end of last year. Furthermore, although France will pass on…

Greek woes and rising franc harm Swiss exports

This content was published on Feb 11, 2010 Swiss exports slumped alarmingly last year, a trend that looks set to continue. The Swiss National Bank (SNB) continues to intervene, but has dropped its policy of setting a fixed target for the franc against the euro. The euro has taken a pasting in recent weeks as doubts grow about European Union member Greece’s ability…

Swiss chocolate profits melt away

This content was published on Feb 10, 2010 According to Chocosuisse, Switzerland’s association of chocolate producers, the industry in 2009 “had to swallow losses” for the first time in six years. Sales of the association’s 18 members last year were down 5.9 per cent to 174,109 tons. That is the equivalent of 110 million fewer Toblerone bars sold over the counter compared with…

Cheese industry defies economic crisis

This content was published on Feb 10, 2010 Top export – once again – was Emmental AOC, despite suffering an 8.6 per cent fall in orders, according to Switzerland Cheese Marketing on Wednesday. Roughly every third kilogram of exported cheese was Emmental. Exports to Europe saw an increase of 4.6 per cent, but those to the United States plummeted by 24.3 per cent.…

Arms exports reach new record

This content was published on Feb 10, 2010 Arms were exported to 74 countries and sales increased to SFr727.7 million ($683 million), according to figures released by the State Secretariat for Economic Affairs (Seco) on Wednesday. In contrast, overall commodity exports dropped by 13.5 per cent compared with 2008. Switzerland’s five top arms customers were Germany, Saudi Arabia, Denmark, Britain and Belgium. Most…

Swiss so-so on train service satisfaction

This content was published on Feb 9, 2010 The results of an annual survey of 20,000 people showed that overall satisfaction among railway passengers dropped to 75.6 points in 2009, down 0.1 points from the year before. Price-to-performance remains a sore spot for many, the survey showed, with satisfaction in that category ranking 61.3 points out of a possible 100. That is better…

Customs and excise collect SFr21.3 billion

This content was published on Feb 9, 2010 At a media conference on Tuesday the Federal Customs Administration (FCA) said officials investigated 6,100 cases of organised smuggling, down from 7,000 in 2008 and 8,000 in 2007. In most cases the aim was to avoid value-added tax. The total taken by the FCA is equivalent to around a third of the annual federal income.…

ART: Destroy Design

This content was published on Feb 9, 2010 A selection of works on loan from France’s FRAC Nord-Pas de Calais allows visitors to compare creations by internationally renowned artists with those of leading designers. Destroy Design comprises works by thirty-one artists including Switzerland’s John Armleder, Sylvie Fleury and the Turin brothers.

Sheep walking

This content was published on Feb 9, 2010 Rudy Canonica is one of the few Swiss who still spend the winters leading their herds of sheep from pasture to pasture. (All pictures: Marzio Pescia)

Swatch 2009 profit beats forecasts

This content was published on Feb 9, 2010 The Swiss group, owners of brands including Omega and Tissot, said on Tuesday that net profit fell nine per cent to SFr763 million ($710 million). The result beat an average estimate of SFr698 million in a Reuters poll. The impressive profit number adds to growing signs that the watch industry may be emerging from its…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Switzerland and France back on track over tax

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Greek woes and rising franc harm Swiss exports

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Swiss chocolate profits melt away

More

Cheese industry defies economic crisis

More

Arms exports reach new record

More

Swiss so-so on train service satisfaction

More

Customs and excise collect SFr21.3 billion

More

ART: Destroy Design

More

Sheep walking

More

Swatch 2009 profit beats forecasts

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