Archive – Banking & Fintech

Swiss Railways heads towards its limit

This content was published on Oct 8, 2009 Swiss Federal Railways has extended its network and attracted thousands of new passengers. But infrastructure has been neglected and the company now needs an extra SFr1 billion ($970 million). “Our offer has simply grown over the last years and this has led to the situation that we are, in reality, at our limit,” Federal Railways…

Wealth “lighthouse” aims to brighten gloom

This content was published on Oct 7, 2009 swissinfo.ch went to Singapore to discover how bank UBS’s prestigious wealth management campus has shifted focus from being a talent production line to coping with the immense upheaval in the industry. In April 2007, when the campus opened its doors, new millionaires were springing up all over the place – none more so than in…

Julius Bär doubles presence in Geneva

This content was published on Oct 7, 2009 As part of its global restructuring, ING is selling its Asian and Swiss private banking units in what will be the biggest deal in the wealth management industry since the credit crisis began. Julius Bär, bulking up in its home market, is paying cash for the assets, and expects the deal to generate SFr35 million…

Swiss seek to entice Japanese firms

This content was published on Oct 6, 2009 A Swiss business delegation to Tokyo, headed by Economics Minister Doris Leuthard, is seeking to redress the trade imbalance between the two countries following the implementation of a free trade agreement last month. Switzerland’s low corporate tax regime, coupled with a high standard of living, has successfully attracted a number of United States and European…

Calmy-Rey discusses cooperation in Tajikistan

This content was published on Oct 6, 2009 On Tuesday she discussed bilateral cooperation with her Tajik counterpart, Hamrokhon Zarifi, in Dushanbe. One subject of particular importance is water management in the Fergana Valley, which the former Soviet Central Asian state shares with Uzbekistan and Kyrgyzstan. Switzerland hopes that by helping to make more rational use of the valley’s water resources it will…

Out of steppe

This content was published on Oct 6, 2009 However, overgrazing since the end of the Soviet Union has resulted in desertification. The livestock crisis is equally serious – and it all has little to do with climate change… (Images: Christa Wüthrich)

Another US citizen cites UBS over tax evasion

This content was published on Oct 6, 2009 He was accused in the US of filing a false tax return, omitting that he had an interest in or control over accounts at UBS, as well as failing to report income from the accounts, according to the US Justice Department. The case is seen as another step by US authorities in pursuing Americans who…

Swiss economy “doing relatively well”

This content was published on Oct 6, 2009 Speaking at a presentation of the IMF’s latest European forecast in Zurich, Luc Everaert said this was surprising given the importance of the financial sector to the Swiss economy. However, overall Europe’s recovery will be slow. Everaert, assistant director of the European Union policies and regional studies division at the Washington-based IMF, is no stranger…

Telecoms industry weathers financial storm

This content was published on Oct 5, 2009 The 90-page study was presented on Monday at the opening of the weeklong Telecom World trade fair, which the ITU is hosting at the Palexpo exhibition centre in Geneva. According to the report’s authors, the financial crisis has failed to dent demand for information and communication technology (ICT) services, with the mobile and satellite sectors…

Middle East tourist dip adds to hotel slump

This content was published on Oct 5, 2009 The overall number of overnight stays by foreign visitors fell 4.5 per cent to 2.5 million in August, according to figures released by the Federal Statistics Office on Monday. It is the fourth consecutive monthly decline. Year-on-year overnight stays by visitors from the Gulf states fell by 39 per cent to 56,000. In Geneva alone,…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Swiss Railways heads towards its limit

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Wealth “lighthouse” aims to brighten gloom

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Julius Bär doubles presence in Geneva

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Swiss seek to entice Japanese firms

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Calmy-Rey discusses cooperation in Tajikistan

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Out of steppe

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Another US citizen cites UBS over tax evasion

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Swiss economy “doing relatively well”

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Telecoms industry weathers financial storm

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Middle East tourist dip adds to hotel slump

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