Archive – Banking & Fintech

Organ donors reach “alarmingly low” levels

This content was published on Feb 2, 2009 Sixty-two people died in 2008 because a suitable organ could not be found – 12 more than in 2007 – and 1,544 patients were sitting on waiting lists, up from 1,381 in 2007. “There’s been a slight increase for the first time in the number of donors but it’s still only Greece which is behind…

Can WEF help save the world from ruin?

This content was published on Jan 31, 2009 Billing this year’s Davos forum as the most significant to date, organisers urged participants to ditch their lax approach to previous meetings and work together to find a solution to the global economic crisis. The mood was certainly more business-like and sombre as frowns and poker faces replaced the 2008 vintage of back-slapping and broad…

WEF poll

This content was published on Jan 30, 2009

Roche makes lower hostile bid for Genentech

This content was published on Jan 30, 2009 Friday’s offer by Roche, which already owns 55.8 per cent of Genentech, comes after its earlier offer of $89 per share was rejected as too low by the San Francisco-based company’s board in July. The new offer values the outstanding shares at $42.1 billion, about $1.6 billion less than the previous bid. Genentech shares closed…

“What motivates bankers? Vanity”

This content was published on Jan 30, 2009 swissinfo spoke to business ethicist Ulrich Thielemann of St Gallen University about why the move has provoked such an outcry, and whether bonuses can ever be justified. The government gave UBS a rescue package worth SFr6 billion ($5.3 billion) in October, so the fact that the bank is now paying out SFr2 billion in bonuses…

Swatch Group reports slowdown in 2008 sales

This content was published on Jan 29, 2009 Net sales rose by 0.5 per cent to SFr5.7 billion ($4.93 billion), with overall gross sales up by 4.3 per cent, the group announced on Thursday. It followed a record financial year for the group in 2007. The group said after a promising start to 2008 “turmoil and enormous destruction of wealth in the financial…

Bond baddie stands up to “selfish” firms

This content was published on Jan 28, 2009 Taubman hosted the Public Eye Awards in Davos that highlight unethical corporate practice. This year’s vote named a gold mining firm and a Swiss utility company as the worst offenders. Public Eye was set up by Greenpeace Switzerland and pressure group Berne Declaration in 2000 as a “WEF watchdog” and runs alongside the annual forum.…

Bulgaria plays catch up with confidence

This content was published on Jan 28, 2009 Swiss voters will decide on February 8 whether to extend a European Union labour accord to Bulgaria and Romania, allowing workers from these countries easier access to the Swiss jobs market. swissinfo went to Sofia to see where Bulgaria fits into the picture. This is a country with plenty of room for growth and, spurred…

Economic barometer falls to record low

This content was published on Jan 28, 2009 KOF said its indicator, which points to the economy’s likely performance in six months time, fell to –0.87, the lowest level since its launch in 1991. “As was signalled last month, this means the barometer is now confirming that the Swiss economy is set to contract over the coming months,” KOF said in a statement…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Organ donors reach “alarmingly low” levels

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Can WEF help save the world from ruin?

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WEF poll

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Roche makes lower hostile bid for Genentech

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“What motivates bankers? Vanity”

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More questions than answers to finance crisis

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Swatch Group reports slowdown in 2008 sales

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Bond baddie stands up to “selfish” firms

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Bulgaria plays catch up with confidence

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Economic barometer falls to record low

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