Archive – Banking & Fintech

Chocolate is still a sure bet for Nestlé

This content was published on Sep 4, 2009 As a sign of this good health, Nestlé will open on Monday a chocolate excellence centre in Broc, canton Fribourg, on the site of one of its oldest production facilities. Chocolate, along with other confectionery, constitutes a large chunk of Nestlé’s business. It represents 11.3 per cent of the company’s turnover, less than its beverage…

Parliament satisfied with UBS action

This content was published on Sep 4, 2009 “The fire is out,” said commission president Fabio Abate on Friday, adding that state aid was no longer needed and it was now a question of rebuilding. In October Bern gave UBS a cash injection of SFr6 billion ($5.6 billion) and the Swiss National Bank agreed to absorb in a special fund SFr40 billion worth…

Swiss to switch off traditional light bulbs

This content was published on Sep 4, 2009 With lighting accounting for up to 15 per cent of energy consumption in Swiss households, green bulbs are expected to produce significant energy and cost savings, as well as help protect the environment. The EU started phasing out the manufacture and import of 100-watt and frosted incandescent light bulbs on Tuesday. These are to be…

Canada presses UBS for client data

This content was published on Sep 3, 2009 The Canada Revenue Agency (CRA) “clearly outlined the need to obtain this information from UBS” during talks in Toronto, spokeswoman Caitlin Workman said on Wednesday. “The CRA will make every effort to gain the information required to enforce the provisions of the Income Tax Act in the most efficient way possible,” she said, adding the…

Revised law aims to protect consumers better

This content was published on Sep 2, 2009 On Wednesday it presented parliament with plans to counter abuse from the development of the internet and new trade practices. Pyramid selling involving chain letters calling on people to recruit others in exchange for some kind of reward would be covered under the new legislation. The government says it would protect people tempted to fall…

Engineering industries continue in the doldrums

This content was published on Sep 1, 2009 At a news conference in Bern on Tuesday, the umbrella organisation Swissmem said exports were down by 23 per cent compared with the same period last year to SFr31.4 billion ($29.7 billion). It said that sales during the first half were down by 19.1 per cent and new orders by 34.3 per cent compared with…

Economy slips less than expected

This content was published on Sep 1, 2009 The slip in real gross domestic product was unexpectedly less than the one per cent analysts forecast. The most optimistic outlook had anticipated a 0.4 per cent decline. The economy fell 0.9 per cent in the first quarter of 2009. The second-quarter figures amount to a two per cent dip against figures from this time…

French tax evasion threat has bankers guessing

This content was published on Aug 31, 2009 Some observers have been predicting an avalanche of probes and litigation aimed at the Swiss banking system following the success of a United States tax evasion investigation against UBS. France confirmed at the weekend that it has obtained a list of 3,000 suspected tax cheats that have allegedly hidden up to €3 billion (SFr4.55 billion)…

GaultMillau rewards luxury resort

This content was published on Aug 31, 2009 The GaultMillau jury said the quality of the food in the resort’s restaurants as well as its hotel and wellness offers made it world class. The jury said its decision was influenced by the new spa suites – part of SFr160 million ($151 million) in renovations the resort owners have made over the past year…

Swiss firms eye Japanese free trade bounty

This content was published on Aug 31, 2009 It has been hailed as Switzerland’s most important economic pact since the 1972 FTA with the European Community (EC). It is the first such deal that Japan has signed with a country outside the Asia-Pacific region. The agreement aims to slash tariffs on a range of goods, reduce red tape for companies, enhance services and…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Chocolate is still a sure bet for Nestlé

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Parliament satisfied with UBS action

More

Swiss to switch off traditional light bulbs

More

Canada presses UBS for client data

More

Revised law aims to protect consumers better

More

Engineering industries continue in the doldrums

More

Economy slips less than expected

More

French tax evasion threat has bankers guessing

More

GaultMillau rewards luxury resort

More

Swiss firms eye Japanese free trade bounty

Popular Stories

Most Discussed