Archive – Banking & Fintech

Striking dairy farmers urged to wait

This content was published on May 29, 2008 Hundreds of Swiss farmers have begun strike action, but the body representing milk producers told swissinfo talks are underway with retailers and processors to raise prices and that negotiations remain the best solution. Industrial action began in Germany on Tuesday, with producers hoping to earn €0.43 (SFr0.7) per litre, instead of the €0.28- 0.34 they…

Central bank warns of inflationary pressures

This content was published on May 28, 2008 He said the central bank remained “very vigilant” on the issue and would take it into account at its next interest rate assessment next month. In an interview with the weekly Handelszeitung newspaper, Roth said inflationary pressures had heightened, adding this was a “surprise” for the bank. Inflation in Switzerland fell to 2.3 per cent…

Geneva airport figures take off

This content was published on May 27, 2008 Turnover rose by 9.8 per cent to SFr281.1 million, the airport announced on Tuesday. “All financial indicators are in good health,” said Robert Deillon, airport director. “This will enable the airport to continue its role as an economic motor for Geneva and the entire region.” François Longchamp, airport president, said one shouldn’t sit back on…

Export surge boosts trade surplus

This content was published on May 27, 2008 Exports worth SFr18.7 billion ($18.2 billion) led to a SFr 1.6 billion merchandise trade surplus against imports, the Federal Customs Office reported on Tuesday. The trade surplus has more than doubled compared with the same month a year ago when it stood at SFr628 billion The results were coupled with a 22 per cent leap…

Zug is top location, while Jura comes last

This content was published on May 26, 2008 The canton in central Switzerland, best known for its low taxes, finished ahead of Zurich, followed by Nidwalden. Obwalden came in fourth in the ranking, improving nine places since the annual index was relaunched in 2004. Altogether four cantons from central Switzerland – Schwyz is sixth – are in the top six, a result that…

Rail IPO a “theoretical possibility”

This content was published on May 25, 2008 The interview with Andreas Meyer was published on Sunday in the SonntagsZeitung newspaper. Meyer said a partial initial public offering was one of three options to finance some SFr30 billion ($29.3 billion) in future capital investments for the publicly owned railway. But he cautioned that privatisation, suggested by Transport Minister Moritz Leuenberger one week ago,…

Watch saviour turns attention to environment

This content was published on May 25, 2008 The Swatch chairman has founded a new company, Belenos Clean Power, to research ways of harnessing solar power to produce hydrogen without emitting greenhouse gases. Hayek believes a new generation of hydrogen-powered cars could be on the market within three years. swissinfo: What has pricked your environmental conscience? Nicolas Hayek: I realised a long time…

Novartis chief pans call for cheaper drugs

This content was published on May 24, 2008 In comments made to the Berner Zeitung newspaper on Saturday, Daniel Vasella said lower drug prices would be “a double-edged sword” and could have a negative effect on Switzerland. “The pressure from [Couchepin] is too strong,” he told the newspaper. “Drugs in Switzerland are now cheaper than in Germany.” The Novartis chief argued that that…

Entrepreneurs rewarded for innovative spirit

This content was published on May 23, 2008 The prize, which comes with a SFr75,000 ($72,700) bonus, recognises each year the most innovative SMEs in Switzerland. It is given out by the Swiss Economic Forum, which is celebrating its tenth anniversary. The judges chose Anteis, Digitec and Götti from nine finalists, after initially evaluating more than 130 entries. Anteis specialises in injectable beauty…

Don’t swerve to avoid animals!

This content was published on May 22, 2008 This is the conclusion of experiments by the Touring Club Switzerland (TCS) involving a 55-kilogram “crash test deer”. Tests showed that colliding at 40km/h would result in a buckled bonnet but the driver would be fine. Even at higher speeds there was relatively little risk to those in the car. Trying to swerve around something…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Striking dairy farmers urged to wait

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Central bank warns of inflationary pressures

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Geneva airport figures take off

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Export surge boosts trade surplus

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Zug is top location, while Jura comes last

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Rail IPO a “theoretical possibility”

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Watch saviour turns attention to environment

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Novartis chief pans call for cheaper drugs

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Entrepreneurs rewarded for innovative spirit

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Don’t swerve to avoid animals!

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