Archive – Banking & Fintech

Roche spending spree continues with Mirus Bio

This content was published on Jul 22, 2008 The announcement comes a day after Roche launched a $43.7 billion takeover bid for Genentech, the largest takeover bid by a Swiss concern. Wisconsin-based Mirus Bio is developing RNAi, or gene silencing, a technology that uses mechanisms within the body to target and “turn off” certain genes associated with cancer and other diseases. Roche said…

Surge in arms exports

This content was published on Jul 22, 2008 Exports totalled SFr348 million ($342 million) and are set for a 20-year high. The figures took into account the delivery in April of an air defence system to Pakistan. The controversial order was first approved by the cabinet in 2006 but temporarily suspended due to tensions in the country. Denmark spent SFr44 million on Swiss…

Higher exports result in record trade surplus

This content was published on Jul 22, 2008 Exports increased 7.5 per cent to SFr105 billion, while imports rose 4.7 per cent to SFr95 billion between January and June 2008, according to figures released by the Federal Customs Office. The surplus is a 44.8 per cent gain on the results of the first half of 2007. The price of exported goods has increased…

Swiss National Day

This content was published on Jul 22, 2008 Swiss celebrate on August 1st their National Day worldwide: Send your photos to ireport@swissinfo.ch

Roche offers to buy out Genentech

This content was published on Jul 21, 2008 Roche, which already owns 55.9 per cent of the San Francisco-based drug maker, said on Monday it was offering $89 per share, 8.8 per cent above the closing price on Friday and 19 per cent above the price a month ago. “The combined entity will be the seventh-largest US pharmaceuticals company in terms of market…

Online contacts leave children vulnerable

This content was published on Jul 21, 2008 Martin Boess admits that current prevention campaigns against paedophile crime lag behind changed habits of internet users. There are numerous examples of youths who have been contacted by paedophiles according to Boess, who heads the coordination centre, Swiss Crime Prevention (SCP). “We often get calls from parents who look for advice because their underage daughter…

National bank sees limited leeway in crisis

This content was published on Jul 18, 2008 One of the bank’s vice-presidents, Philipp Hildebrand, said in an interview with the Tages-Anzeiger newspaper that rising energy, commodity and food prices might endanger long-term price stability. Hildebrand said the lessons from the credit crunch should be taken at a regulatory level, rejecting objections by the country’s leading banks. They had argued tighter regulations could…

UBS to stop offshore banking for US residents

This content was published on Jul 17, 2008 Testifying before a congressional hearing, Mark Branson, chief financial officer for UBS global wealth management and business banking, added that UBS was working with the US government to identify US clients who may have engaged in tax fraud. Branson was one of two UBS executives who appeared before the Senate subcommittee in Washington on Thursday.…

banking secrecy poll

This content was published on Jul 17, 2008

Federer turns his back on home canton

This content was published on Jul 17, 2008 The winner of 12 grand slam titles had lived in Oberwil, canton Basel Country, for around three years but officially left at the end of March, according to the Oberwil authorities. Federer’s new permanent residence, which he shares with his partner Mirka Vavrinec, looks out over Lake Zurich and has more room for his trophies,…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Roche spending spree continues with Mirus Bio

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Surge in arms exports

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Higher exports result in record trade surplus

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Swiss National Day

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Roche offers to buy out Genentech

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Online contacts leave children vulnerable

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National bank sees limited leeway in crisis

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UBS to stop offshore banking for US residents

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banking secrecy poll

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Federer turns his back on home canton

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