Archive – Banking & Fintech

Logitech continues record-breaking run

This content was published on Apr 22, 2008 The figure was a slight 0.4 per cent increase over the previous fiscal year. Sales reached $2.4 billion, up 15 per cent. Income from computer mice compensated for lower sales in the company’s video division, which includes webcams. The firm also makes speakers and keyboards, as well as game controllers. The fourth quarter was the…

Zurich: More than a city of gnomes

This content was published on Apr 21, 2008 The “gnomes of Zurich” was an expression coined in 1956 by Harold Wilson, then British Shadow Chancellor, in response to secretive Swiss bankers whose speculating, he said, had pushed the pound down on the foreign exchange markets. The name has stuck – even if gnomes are few and far between on Zurich’s financial epicentre, the…

Club of Rome to move to Winterthur

This content was published on Apr 21, 2008 The city’s mayor and representatives of the club announced on Monday that local property millionaire Robert Heuberger and his wife had promised financial backing for the institution for the next five years. The move comes after voters in Zurich in February turned down a plan to put up SFr 1.8 million ($1.78 million) to bring…

UBS report details bank’s failings

This content was published on Apr 21, 2008 The bank admitted in a report on Monday how a culture of maximising revenues, over-reliance on credit ratings and an imbalanced compensation system contributed to the subprime write-downs. The 50-page report, summarising its initial findings to the Swiss Banking Commission, was made available to shareholders two days before the bank’s annual general meeting. It details…

Charity frees up funds to combat food crisis

This content was published on Apr 20, 2008 Caritas said on Sunday that it was providing immediate aid to people in Haiti, southern Sudan, Bangladesh and refugees living on the Thailand-Myanmar border. This translates, for example, into food rations for three months for around 20,000 families in Haiti and seeds for 10,000 farmers, Caritas explained. The charity said it was cooperating with other…

Visiting the first restaurant in the world without light

This content was published on Apr 19, 2008 Visiting the first restaurant in the world without light.

Central bank offers new injection of dollar liquidity

This content was published on Apr 18, 2008 The offer will come in an auction of so-called repo loans or repurchase agreements and will begin on Tuesday. It replaces a similar measure taken last month in concert with the European Central Bank, the United States Federal Reserve and the Bank of Canada. In a statement at the time, the SNB said it intended…

Orange zest

This content was published on Apr 18, 2008 The beautifully illustrated waxy papers not only protected oranges but have become collectibles. About 2,300 papers belonging to two French collectors are on show at the Mudac museum of design and contemporary applied arts in Lausanne until June 8. (Pictures: Olivier Laffely, Arnaud Conne, Marie Humair)

Kuoni reports healthy bookings for 2008

This content was published on Apr 18, 2008 Kuoni, which is based in Zurich, said in a statement on Friday that the increase was due to a six per cent increase in organic growth. Acquisitions accounted for another four per cent. However, there was a negative impact of four per cent as a result of the strengthening of the Swiss franc against the…

Swiss still in love with their cars

This content was published on Apr 17, 2008 However, the survey published on Thursday by the gfs.bern research institute also found that 80 per cent of the population realised cars had a negative impact on the environment – a nine per cent increase on a similar poll in 2005. Two-thirds of those questioned said they could imagine buying a less-polluting car in future,…

Page 777 of 1641

First … 775 776 777 778 779 … Last

Archive – Banking & Fintech

Popular Stories

Most Discussed