Archive – Banking & Fintech

Russian billionaire strengthens hold on Sulzer

This content was published on Aug 18, 2009 Jürgen Dormann, a former chairman of the ABB engineering concern, received 97.44 per cent of the vote at an extraordinary general meeting on Tuesday. It was announced ahead of the vote that if elected, he would automatically become chairman. Another candidate backed by Vekselberg, the Austrian Klaus Sturany, was also voted onto the seven-strong board…

Farms and farmers down, cattle and poultry up

This content was published on Aug 18, 2009 In 2008 there were 60,894 farms in the country as a whole, down by around 870, or 1.4 per cent, from 2007. In 1984 there were still nearly 100,000. The average size of farms is growing, although about one-third are less than 10 ha, and one-third are between 10 and 20 ha. Despite the fact…

Transport

This content was published on Aug 18, 2009

Banker found guilty of securities fraud in US

This content was published on Aug 18, 2009 A jury in Brooklyn, New York, found the 37-year-old guilty of securities fraud and two charges of conspiracy that allowed him to generate higher commissions. Losses for the clients totalled around $1 billion (SFr1.08 billion). A co-defendant, who was returned to New York from Spain after fleeing prosecution, pleaded guilty to conspiracy, wire fraud and…

Improved transport boosts Basel business appeal

This content was published on Aug 17, 2009 The latest Credit Suisse business attractiveness survey unsurprisingly places Zug and Zurich at the pinnacle. But Basel has dashed up the rankings thanks to the “business potential” of its tram stops. The report, published every five years, takes account of a number of factors that attract companies to particular cantons: the taxation of people and…

Oerlikon Solar wins large order from Russia

This content was published on Aug 17, 2009 The order from NST, which is a joint venture between the Renova Group and the Russian Corporation of Nanotechnologies, is for equipment to produce up to one million solar modules a year. An Oerlikon Solar statement said it was largest equipment order in the worldwide thin film silicon photovoltaic market this year to date. The…

Sales are up but analysts urge caution

This content was published on Aug 17, 2009 The figures show that entertainment and office electronics posted the biggest rise in sales, at 8.3 per cent, followed by kitchen and household goods (6.8 per cent), and health and beauty (5.4 per cent). The biggest fall in sales was booked by personal goods, which fell by 9.3 per cent. “The underlying trend is still…

Economy hits bottom, Seco says

This content was published on Aug 16, 2009 “I assume that the low point has been reached,” said Aymo Brunetti in an interview published on Sunday in the Sonntag newspaper. Switzerland fell into a recession officially in the spring. Seco says the economy will shrink 2.7 per cent this year. Brunetti expects the Swiss economy to grow again in 2010 by 0.4 per…

Should former UBS executives face criminal charges?

This content was published on Aug 14, 2009

Consensus – with caveats – on bonus limits

This content was published on Aug 14, 2009 The new policies from Finma, the banking supervisory authority, stipulate that bonuses should be sustainable and linked to a long-term focus on profits. Boards of directors, who create remuneration policies, will also be held more accountable. The measures will enter into force on January 1, 2010. The move has already gained the support of political…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Russian billionaire strengthens hold on Sulzer

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Farms and farmers down, cattle and poultry up

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Transport

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Banker found guilty of securities fraud in US

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Improved transport boosts Basel business appeal

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Oerlikon Solar wins large order from Russia

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Sales are up but analysts urge caution

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Economy hits bottom, Seco says

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Should former UBS executives face criminal charges?

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Consensus – with caveats – on bonus limits

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