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Waterways draw record passenger numbers

This content was published on Feb 11, 2009 The Public Transport Information Service (Litra) said the start of the season had been difficult because of the Euro 2008 football championships in the country and unfavourable weather conditions. It noted that winter traffic had contributed to the good result, with many people commuting on boats daily. The Lake of Lucerne was the most frequented…

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Nobel Biocare posts disappointing results

This content was published on Feb 11, 2009 The Zurich-based firm, which is the world leader in its sector, missed expectations as cash-strapped customers continued to cut spending on its top-of-the-range treatments. The group, which also makes bridges and crowns, reported a turnover of €619.2 million, down from €665.9 million in 2007. In a statement on Wednesday, Nobel Biocare said it could not…

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Credit Suisse makes bigger than expected loss

This content was published on Feb 11, 2009 Switzerland’s second-largest bank after UBS blamed the result on a poor trading performance and restructuring charges. Analysts had been forecasting a full-year net loss of around SFr6 billion and a loss of SFr4 billion for the fourth quarter. UBS on Tuesday reported a net loss for 2008 of SFr19.7 billion, the worst result in Swiss…

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Jatropha

This content was published on Feb 10, 2009 Jatropha is a family of succulent plants, shrubs and trees native to Central America grown in many warm climates including India and Africa. It is toxic but hardy and produces oily seeds that can be processed into fuel.

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Government ends 2008 with record finances

This content was published on Feb 10, 2009 The finance ministry announced on Tuesday that the amount was SFr6.2 billion more than expected, a “crazy result”, said Finance Minister Hans Rudolf Merz when presented with the figures. The surplus came about largely thanks to total receipts soaring to SFr63.9 billion for 2008. That is an increase of ten per cent compared to the…

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Hotels call for action to stay competitive

This content was published on Feb 10, 2009 At a news conference in Bern on Monday, the association admitted that prices were higher than in neighbouring countries and put forward a number of measures to maintain the country’s attractiveness. As an example, a study from the BAK Basel Economics research group showed that prices on average in the hotel trade were 12 per…

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A student’s view on architecture

This content was published on Feb 10, 2009

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Ciba losses exceed SFr500 million

This content was published on Feb 10, 2009 Sales fell nine per cent to SFr5.92 billion, down from SFr6.52 billion. “Raw material costs have started to ease, but we’re not expecting market demand to show any meaningful recovery until late in 2009 at the earliest,” said CEO Brendan Cummins. In the fourth quarter Ciba posted a net loss of SFr41 million compared with…

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UBS makes record SFr20 billion loss in 2008

This content was published on Feb 10, 2009 It reported on Tuesday that this was mainly due to continuing problems at its investment bank. UBS made a loss of SFr8.1 billion in the fourth quarter alone. The bank said it would cut another 2,000 jobs in the investment bank, mostly in New York and London. Staff reductions in the group totalled 1,782 in…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Shoemaking as a family tradition

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Waterways draw record passenger numbers

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Nobel Biocare posts disappointing results

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Credit Suisse makes bigger than expected loss

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Jatropha

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Government ends 2008 with record finances

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Hotels call for action to stay competitive

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A student’s view on architecture

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Ciba losses exceed SFr500 million

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UBS makes record SFr20 billion loss in 2008

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