Archive – Banking & Fintech

Tax breaks attract foreign holding firms

This content was published on Mar 19, 2008 Numbers leapt 25 per cent last year to more than 20,000, with foreign firms making up a larger proportion. Switzerland is locked in a dispute with the European Commission (EC) over tax breaks awarded to such companies. Credit risk assessment firm Dunn & Bradstreet found that 2,113 holding companies opened up shop in Switzerland in…

State to profit from Swiss Post record income

This content was published on Mar 19, 2008 For the first time, a dividend payment of SFr250 million will be given to the government, Swiss Post announced on releasing its annual figures on Wednesday. Turnover rose by 10.3 per cent to SFr8.71 billion, with operating profit at SFr866 million. Swiss Post said in a statement that the growth had been mainly due to…

Egg decorating tradition lives on

This content was published on Mar 19, 2008 Egg decorating tradition lives on.

Weak dollar won’t mean cheaper goods

This content was published on Mar 18, 2008 But the weak dollar – also hitting record lows against the euro and yen – is unlikely to translate into lower prices for imported goods, according to one of the country’s major business associations. The dollar has lost SFr0.14 against the franc since the beginning of the year, trading on Tuesday at around SFr0.98. The…

Zurich workers have highest take-home pay

This content was published on Mar 18, 2008 While the highest gross wages are paid in Copenhagen and Oslo, workers in Zurich take home the most pay after tax and social security deductions, according to the bank’s Prices and Earnings 2008 study of 71 cities worldwide. Geneva workers are the next highest net earners, followed by Luxembourg, Berlin and Dublin. Those in Jakarta…

A game or an X-rated film?

This content was published on Mar 18, 2008 The marketing bosses in charge of International Soccer League for the PlayStation 2 (PS2) games console have invented an original test. Organised by Addiction Test, it consists of comparing physical reactions such as the acceleration of cardiac rhythms in PS2 players with those sustained while watching an X-rated film. The result: more or less the…

Chocolatier records strong profit

This content was published on Mar 18, 2008 The company said on Tuesday that it had posted sales of almost SFr3 billion despite a “highly competitive and challenging” market. The result was roughly in line with analysts’ predictions. Lindt attributed its growth in part to its marketing strategy, and said that it had gained market share around the world. It announced that it…

IMF praises strong economy but issues warning

This content was published on Mar 17, 2008 In a report presented in Bern on Monday, the IMF attributed Switzerland’s performance to the strength of its financial sector, but added that “consistent and forward-looking” policies played a role. “Switzerland’s position as a major global financial centre was reinforced,” it said in its concluding statement. However, the IMF also warned that the current turbulence…

Bear Stearns collapse rocks stock markets

This content was published on Mar 17, 2008 The latest event to affect share prices was the sale on Sunday of the United States investment bank, Bear Stearns, to JP Morgan Chase for $236.2 million – a small fraction of its earlier value. The move, along with the US Federal Reserve’s decision to extend lending to a wider range of financial firms –…

Salzburg

This content was published on Mar 17, 2008 Monuments, squares, churches, palaces and hidden nooks and crannies all add to the special charm of the country’s fourth-largest city. For culture vultures Salzburg is a veritable paradise, with more than 4,000 musical and theatrical events a year. Pomp and elegance take visitors back into another century – curiosity is stirred as soon as you…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Tax breaks attract foreign holding firms

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State to profit from Swiss Post record income

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Egg decorating tradition lives on

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Weak dollar won’t mean cheaper goods

More

Zurich workers have highest take-home pay

More

A game or an X-rated film?

More

Chocolatier records strong profit

More

IMF praises strong economy but issues warning

More

Bear Stearns collapse rocks stock markets

More

Salzburg

Popular Stories

Most Discussed