Archive – Banking & Fintech

Syngenta CEO promotes stronger Swiss-US ties

This content was published on Jun 29, 2009 Mack, the CEO of Syngenta, led the Basel-based agricultural concern to $3.6 billion (SFr3.9 billion) in sales for the first quarter of 2009. He was unanimously elected to the Chamber of Commerce post. The American, 48, told swissinfo.ch what he hopes to accomplish and shared his views on how Swiss-American businesses can help feed a…

Libya pulls assets from Swiss banks

This content was published on Jun 28, 2009 The north African country last year pulled out SFr5.6 billion ($5.2 billion) of its SFr5.75 billion deposited in Swiss banks, according to statistics by the Swiss National Bank. The Swiss foreign ministry said it had no detailed figures on Libyan assets in Switzerland, but a withdrawal had little economic impact. In 2007 Libyan assets made…

From Russia with money

This content was published on Jun 27, 2009 Russian entrepreneurs were wooed at events in Moscow and St Petersburg during a recent visit by Jean-Daniel Gerber, director of Switzerland’s State Secretariat for Economic Affairs, to promote bilateral trade. Representatives of various Swiss regions were among those present. Martin Meyer of Dews, the umbrella economic promotion body for the French-speaking cantons of Jura, Neuchâtel,…

Swiss economy could be on the turn

This content was published on Jun 26, 2009 According to researchers, the recent evolution of the barometer indicates that lowest point in the decline of the Gross Domestic Product (GDP) may have been reached. The index of the barometer fell by 1.65 points in June, 0.2 points less than in May, when it reached its lowest point since 1991. This is the first…

UBS seeks fresh money, warns of Q2 loss

This content was published on Jun 26, 2009 It follows a warning of a likely net loss in the second quarter and more net outflows in its wealth and asset management divisions. The troubled Swiss bank said it was offering nearly three million new shares to a small number of institutional investors at SFr13 each. This is slightly lower than Thursday’s closing price…

Open markets “the only chance” for poor countries

This content was published on Jun 25, 2009 Pascal Lamy is at an Organisation for Economic Co-operation and Development (OECD) forum in Paris this week, where a roundtable speaker compared the current downturn with the start of the depression in the early 1930s. In an interview with swissinfo.ch after the discussion, called “After the crisis, keeping markets open”, Lamy said the economic decline…

German finance minister accused of “dreaming”

This content was published on Jun 25, 2009 Merz, speaking in an interview with the Frankfurter Allgemeine Zeitung, said his German colleague, Peer Steinbrück, was “dreaming” if he expected “hundreds of millions of francs” in tax money to come pouring in. Merz was responding to Steinbrück’s comments earlier this year that German taxpayers have deposited €200-300 billion (SFr130–196 billion) in Swiss bank accounts,…

Economy may be sliding faster than thought

This content was published on Jun 24, 2009 At a meeting in Paris on Wednesday OECD officials issued a report saying Switzerland could expect a 2.7 per cent economic decline in 2009. That is down from an earlier figure of -0.2 per cent. The KOF Swiss Economic Institute in Zurich has predicted a 3.3 per cent drop. A recovery could also take longer…

Sulzer to cut 11 per cent of workforce

This content was published on Jun 24, 2009 The move is part of a cost-cutting programme through which the company plans to save SFr110 million ($103 million) annually after the various measures have been completed in the first half of 2011. In a statement, Sulzer said that market conditions in its key segments had continued to decline over the past months and no…

Trade plummets in May

This content was published on Jun 23, 2009 Exports fell to SFr14.261 billion ($13.111 billion) while imports dropped 21.8 per cent to SFr12.249 billion, according to the latest Federal Customs Office figures. The metals industry was the worst affected, with a nominal drop of 39 per cent. The machine, electronics, textiles and watch industries also suffered above average declines. Swiss exports to the…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Syngenta CEO promotes stronger Swiss-US ties

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Libya pulls assets from Swiss banks

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From Russia with money

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Swiss economy could be on the turn

More

UBS seeks fresh money, warns of Q2 loss

More

Open markets “the only chance” for poor countries

More

German finance minister accused of “dreaming”

More

Economy may be sliding faster than thought

More

Sulzer to cut 11 per cent of workforce

More

Trade plummets in May

Popular Stories

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