Archive – Banking & Fintech

Major firms agree to vote on top salaries

This content was published on Jan 23, 2009 The Ethos Foundation for Sustainable Development in Geneva says that food giant Nestlé and the country’s two big banks, UBS and Credit Suisse, have agreed to an advisory vote on management remuneration. The votes will be advisory because currently Swiss law does not permit a binding vote. However, two other firms asked last September by…

Watchdog targets health and public services

This content was published on Jan 22, 2009 Stefan Meierhans said one of his priorities for 2009 was to create greater price transparency for consumers regarding state-run services as well as private companies. Meierhans urged the interior ministry to extend the comparison of drugs prices to low-price countries and to introduce more regular checks. He said the pharmaceutical industry had a special responsibility…

Globalisation (gallery from 2005)

This content was published on Jan 21, 2009 World leaders gather for the World Economic Forum at the Swiss resort and anti-globalisation campaigners for the World Social Forum in Brazil. In 2009 the WSF takes place once again in Brazil in Belém.

On the trail of the Alps’ four-legged heroes

This content was published on Jan 21, 2009 Muffled voices follow and then there is the sweet sound of scraping snow as a four-legged rescuer breaks through the hole cover and announces his discovery to his human trainer. The smell of a sausage treat inside is too much for the Labrador to resist and he jumps into the hole, already snug with two…

Insurance companies cautiously upbeat

This content was published on Jan 20, 2009 Life insurance business rose by 2.3 per cent in comparison with 2007 to reach SFr29.4 billion ($26.2 billion), but insurance against loss or damage rose by only 0.5 per cent, held back by growing competition in a largely saturated market. Despite the increase in income from premiums, most insurance companies have reported heavy losses on…

UBS picks up AIG business

This content was published on Jan 19, 2009 Switzerland’s largest bank said it would pay $15 million for AIG’s product platform of commodity index swaps and funded notes. Swaps are investment instruments that in financial institutions use to hedge risk. UBS will make payments of up to $135 million over the following 18 months depending on future earnings. It said the deal was…

Climate Farming

This content was published on Jan 18, 2009 Climate farming uses agricultural means to keep carbon dioxide and other greenhouse gasses from escaping into the atmosphere. Like organic farming, climate farming seeks to maintain balanced biodiversity on productive, argicultural land. But climate farmers like Schmidt go a step further and covert leftover organic mass into charcoal, or biochar, a solid carbon compound that…

Swiss risk losing status as innovation centre

This content was published on Jan 17, 2009 Many Asian and Middle Eastern countries are stealing a march in attracting global research and development (R&D) investment by reacting better to the changing demands of multinational companies. The report, issued by the Swiss branch of the Boston Consultancy Group (BCG), warns of dire penalties to the Swiss economy if such heavyweight firms relocate to…

Current affairs

This content was published on Jan 16, 2009

Swiss franc liquidity operations to continue

This content was published on Jan 16, 2009 The swap measure with the European Central Bank (ECB) providing Swiss francs for euros, which has been in force since last October, is to last until at least the end of April. In a statement, they said the swap aimed to “support further improvements in the short-term Swiss franc money markets”. The foreign exchange swap…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Major firms agree to vote on top salaries

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Watchdog targets health and public services

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Globalisation (gallery from 2005)

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On the trail of the Alps’ four-legged heroes

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Insurance companies cautiously upbeat

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UBS picks up AIG business

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Climate Farming

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Swiss risk losing status as innovation centre

More

Current affairs

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Swiss franc liquidity operations to continue

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