Archive – Banking & Fintech

KOF slashes economic growth forecast

This content was published on Jun 9, 2009 KOF on Tuesday again revised its growth forecast for the Swiss economy downwards and is now predicting a 3.3 per cent decline for this year and another 0.6 per cent drop in 2010. In a statement, KOF said: “The recession, which has been rather mild by international standards owing to its relatively late effect on…

Swiss sign historic trade deal with Japan

This content was published on Jun 8, 2009 The House of Representatives has already approved the Free Trade and Economic Partnership Accord with the world’s second-largest national economy. It did so unanimously as well. Monday’s vote is an “historical” step on par with a similar agreement reached with the European Union in 1972, lawmakers said. The agreement should boost Switzerland’s export industries by…

Employers’ boss sees worsening unemployment

This content was published on Jun 6, 2009 His forecast is higher than that of the State Secretariat for Economic Affairs, which has put forward a figure of 5.2 per cent or more than 200,000 jobless by mid-March in 2010. “I fear an unemployment rate that is comparable with 1997,” said Daum in an interview with the French-language Le Matin newspaper. Commenting on…

Prices undergo greatest decline in 50 years

This content was published on Jun 5, 2009 The overall decline of one per cent for goods bought in May 2009 was more than analysts had expected and has not been matched since September 1959. While energy prices in May of this year actually increased 1.8 per cent over the previous month, prices for food and non-alcoholic beverages dropped 0.2 per cent. Household…

How to stop Aids in five seconds

This content was published on Jun 4, 2009 The spots show couples meeting in a bus, on the beach or at the bar and then hopping into bed – all within five seconds. The caption at the end asks, “Had sex too quick to think of condoms?” In situations where people meet unexpectedly and have sex, condoms are not always at hand, reminded…

Experts defend state help for finance sector

This content was published on Jun 4, 2009 At an international conference in the city, speakers warned, however, that these economic crisis measures should be temporary and that states should not return to the “bad old days” of protectionism. The three-day International Competition Network’s (ICN) annual conference, which started on Wednesday, brings together competition commission members from around the world to discuss policy…

More layoffs loom at Swiss companies

This content was published on Jun 4, 2009 Hit particularly hard will be employees in the industrial sector, where 55 per cent of companies will cut staff, according to a survey published by the Adecco Institute on Thursday. Soft measures introduced by many companies over the past six months, such as requesting employees to reduce their hours or imposing a freeze on hiring,…

Worst of the recession might be over

This content was published on Jun 4, 2009 Swiss National Bank’s Philipp Hildebrand said positive economic signals emerging out of Asia – particularly China – could herald a turning point for the global recession. “Trade is not in a free fall anymore,” Hildebrand told the weekly newspaper, WOZ. Oil and commodity prices have been climbing and consumption has been “robust” in Switzerland, he…

Regulators target “risky” bank bonuses

This content was published on Jun 3, 2009 The body has invited banks and other institutions to comment on its proposals to link variable remuneration to long-term performance and to make pay structures more transparent. The rules come into force next year. Bonuses and large corporate pay packets have come under intense scrutiny and criticism in Switzerland since the financial meltdown, as in…

Market unrest sparks online brokering upsurge

This content was published on Jun 3, 2009 Marc Bürki says the worst of the market turmoil has passed and that Swissquote, which is also an internet-based bank, is booming. Within the context of a terrible 2008 for Swiss banks – massive losses, bailouts, haemorrhaging customer counts and an assault on banking secrecy – Burke has a reason to be upbeat. The propensity…

Page 694 of 1641

First … 692 693 694 695 696 … Last

Archive – Banking & Fintech

Popular Stories

Most Discussed