Archive – Banking & Fintech

CEO confidence plummets to record low

This content was published on Jan 28, 2009 The seventh annual survey by PricewaterhouseCoopers (PwC) of more than 1,100 chief executives found that just 21 per cent were “very confident” of growing revenue during the next year. That is down from 50 per cent one year ago. Few expect the downturn to be short. “The three-year view is a bit better, but the…

Novartis puts in another record performance

This content was published on Jan 28, 2009 Net sales were up by nine per cent to $41.5 billion on accelerating growth in the Pharmaceuticals divisions as well as “important contributions” from the Vaccines and Diagnostics business and Consumer Health. “Thanks to successful innovation and a leading market position of our healthcare business portfolio, Novartis achieved a strong performance in 2008,” commented Novartis…

Capacity turnout expected at crisis WEF meeting

This content was published on Jan 27, 2009 The event, which opens on Wednesday in the eastern Swiss mountain resort, has attracted more than 2,500 participants from 96 countries, pushing the WEF to the limit of its logistical capacity. “The Annual Meeting 2009 is one of the most crucial in the near 40-year history of the World Economic Forum,” Klaus Schwab, its founder…

“We missed the warning signs”

This content was published on Jan 27, 2009 The former classical musician and IT specialist, who has worked for the forum since 1998 and has been a board member since 2003, also told swissinfo why everyone should admit fault. This year’s forum, which will be held in the Swiss resort of Davos from January 28 to February 1, has as its theme “Shaping…

Swiss move down a slot in globalisation table

This content was published on Jan 27, 2009 Economic researchers at the KOF Swiss Economic Institute said on Tuesday that despite slipping in the rankings, Switzerland was still among the world’s five most globalised countries. According to this year’s index, Belgium and Ireland are the world’s most globalised countries, followed by the Netherlands. The index measures the economic, social and political dimensions of…

UBS bonuses make many shake their heads

This content was published on Jan 27, 2009 The head of Switzerland’s financial regulator, Eugen Haltiner, is also under fire after defending the decision to approve the payments, made after a substantial injection of public money into the embattled bank. The centre-left Social Democratic Party has called for Haltiner, the president of the newly-created Federal Financial Market Supervisory Authority (Finma), to step down.…

You the reporter

This content was published on Jan 27, 2009 Send us your Swiss photos to ireport@swissinfo.ch

Clariant announces more job cuts

This content was published on Jan 27, 2009 The firm said full-year sales had dropped five per cent in 2008 to SFr8.1 billion ($7.1 billion) as the economic downturn hit demand in the fourth quarter. The job losses represent five per cent of Clariant’s workforce and the company, based just outside the city of Basel, warned that more positions could be lost. “We…

Regulator defends UBS bonus decision

This content was published on Jan 27, 2009 On Monday, leftwing politicians and consumer associations criticised the Federal Financial Market Supervisory Authority (Finma) for giving permission for the bonus scheme despite billions in UBS losses in 2008. In an interview with a Swiss television programme on Monday evening, Finma’s president, Eugen Haltiner, said the move was a responsible one. He said the payments,…

Party spirit squashed at World Economic Forum

This content was published on Jan 26, 2009 Participants to the annual forum in Davos have been criticised by WEF’s own founder for spending too much money on sealing business deals and cultivating contacts at expensive parties. Klaus Schwab has urged attendees to focus their efforts this year on trying to solve the current financial crisis that has spilled over into the real…

Page 722 of 1641

First … 720 721 722 723 724 … Last

Archive – Banking & Fintech

Popular Stories

Most Discussed

Archive – Banking & Fintech

More

CEO confidence plummets to record low

More

Novartis puts in another record performance

More

Capacity turnout expected at crisis WEF meeting

More

“We missed the warning signs”

More

Swiss move down a slot in globalisation table

More

UBS bonuses make many shake their heads

More

You the reporter

More

Clariant announces more job cuts

More

Regulator defends UBS bonus decision

More

Party spirit squashed at World Economic Forum

Popular Stories

Most Discussed