Archive – Banking & Fintech

Campaigners for cheap imports gain ground

This content was published on Sep 24, 2008 These imports could then be sold more cheaply than the identical items made in Switzerland. However, the Senate wants pharmaceuticals to be exempted from the measure. The other parliamentary chamber, the House of Representatives, has previously come out against easing the ban on parallel imports. It will now discuss the issue again. Supporters of parallel…

Swiss Re sees $300 million in hurricane bills

This content was published on Sep 23, 2008 Swiss Re said in a statement on Tuesday that it expected claims of about $250 million from Hurricane Ike, while those from Gustav were an estimated $50 million. “The combination of this year’s natural catastrophe activity, along with investment market performance, is likely to accelerate the ending of the soft market,” commented Swiss Re’s chief…

Nestlé confident about products despite recall

This content was published on Sep 22, 2008 The recall was made at the request of the authorities in Hong Kong. However, Nestlé expressed confidence that none of its products in China is made from milk adulterated with melamine. A company statement pointed out that melamine is found in minute quantities throughout the food chain, and that this is not a risk for…

Actelion replaces Clariant on blue chip index

This content was published on Sep 22, 2008 Actelion replaced Basel-based speciality chemicals firm Clariant that dropped down to the medium sized stock index, the SMIM, after seeing the value of its shares fall in recent months. Actelion’s first drug, Tracleer, has recently been approved by the European Union as a therapy for pulmonary arterial tension. “This inclusion is a milestone in our…

City of Lausanne acts as magnet for visitors

This content was published on Sep 21, 2008 The real magnet was the new railway which since its inauguration on Thursday pulled in more than 150,000 people wanting to try out Switzerland’s first fully-automated driverless system. Despite a few teething problems, the steepest underground in Europe received positive echoes from near and far, with passengers even bursting into applause after their first journey.…

Poll finds Swiss continue to trust their banks

This content was published on Sep 21, 2008 The survey, commissioned by the Sonntagsblick and Il Caffè newspapers found that only 35 per cent of those questioned trusted UBS. Matthias Kappeler, head of the Isopublic institute that carried out the poll among more than 600 people, said the result was a “vote of no confidence” in the new UBS management. “The management communicate…

“We’re at a financial crossroads”

This content was published on Sep 21, 2008 But despite bankruptcies, emergency sell-offs and state intervention across the Atlantic, Manuel Ammann, head of the Swiss Institute of Banking and Finance at St Gallen University, believes Switzerland’s largest bank is in no immediate danger. On Tuesday UBS shares fell to SFr15.18 ($13.55), an all-time low, and more than 60 per cent down on the…

Federal coffers to suffer in financial crisis

This content was published on Sep 20, 2008 In an interview in Saturday’s edition of the Neue Zürcher Zeitung newspaper, Merz said there were three revenue sources that were suffering as a result of the financial crisis at banks and insurance companies. He cited the fall in tax on profits, the lower level of income from stamp duty and the fall in withholding…

Is UBS going to go bankrupt?

This content was published on Sep 19, 2008

All aboard for the walk to school!

This content was published on Sep 19, 2008 swissinfo joined a “walking school bus” of a dozen children in Lausanne to find out why Swiss kids are more apt to walk than youngsters in many other industrialised countries. “In twos. Hold hands. Ready? We’re off!” It is just after eight o’clock in the morning as the 12 children in this walking school bus…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Campaigners for cheap imports gain ground

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Swiss Re sees $300 million in hurricane bills

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Nestlé confident about products despite recall

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Actelion replaces Clariant on blue chip index

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City of Lausanne acts as magnet for visitors

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Poll finds Swiss continue to trust their banks

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“We’re at a financial crossroads”

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Federal coffers to suffer in financial crisis

More

Is UBS going to go bankrupt?

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All aboard for the walk to school!

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Most Discussed