Archive – Banking & Fintech

Leuthard meets Zhukov

This content was published on Mar 16, 2008 The meeting, in Zurich, focused on trade and investment issues as well as Russian candidacy for the World Trade Organization, said an economics ministry statement. Relations between the European Free Trade Association (Efta), of which Switzerland is a member, and Moscow were also discussed. Both ministers also attended the 7th Russia Economic and Financial Forum…

Former railways boss speaks out

This content was published on Mar 15, 2008 In his first comments on the issue, Benedikt Weibel, who stepped down at the end of 2006, told Swiss public radio the right decisions had been made in a difficult context. Workers at the Bellinzona cargo facility in the southern canton of Ticino are still on strike over the job losses. A meeting between the…

Cabinet charts European policy course

This content was published on Mar 14, 2008 Speaking before the media, Foreign Minister Micheline Calmy-Rey said Switzerland should extend the existing labour agreement with the EU to new member states Romania and Bulgaria. The accord is part of a package that includes six other agreements on issues including transport and agriculture. Rightwing political parties have already come out against the agreement, but…

Swiss franc overtakes the dollar

This content was published on Mar 14, 2008 At one point it was trading at SFr0.9986 before recovering to slightly above parity by early afternoon. The dollar, which has lost nearly SFr0.14 since the beginning of the year, also fell to a record low against the euro. Experts say the continuing fall of the US currency is the result of the country’s financial…

Quickpoll gas deal

This content was published on Mar 14, 2008

Ethos decides not to take UBS to court

This content was published on Mar 14, 2008 Ethos, whose call for such an audit was backed by 45 per cent of shareholders’ votes at an extraordinary meeting in February, said UBS had agreed to provide more details about an ongoing investigation of the bank by the Swiss Federal Banking Commission. The Geneva-based investment foundation said in a statement on Friday that UBS…

Swatch Group clocks up record figures

This content was published on Mar 14, 2008 The group made SFr1.017 billion ($1.01 billion) last year, up 22 per cent compared with 2006. Turnover increased by nearly 18 per cent, to SFr5.94 billion. However, the company issued a cautious note in a statement issued on Friday. It cited fears about the fall in the exchange rate of the world’s major currencies against…

Brain specialists look into risky business

This content was published on Mar 14, 2008 They say the findings, published in the Journal of Neuroscience, will eventually help the financial world develop more reliable models for predicting market activity. According to Peter Bossaerts, professor at the Federal Institute of Technology in Lausanne, there are marked differences between how the brain calculates risk and how financial markets calculate risk. Bossaerts and…

Swatch Group clocks up record figures

This content was published on Mar 14, 2008 The group, which is based in Biel, said it had benefited from rising demand for its top-range watches – including Breguet and Blancpain – as part of a worldwide boom for luxury goods, particularly in China. Turnover increased nearly 18 per cent to SFr5.94 billion, a statement said on Friday. The Swatch Group gave an…

SNB leaves interest rate unchanged

This content was published on Mar 13, 2008 It added however that the outlook for the Swiss economy had worsened as the global credit crisis dragged on. “Given the deterioration in the international environment, this slowdown will be somewhat more pronounced than anticipated previously,” the SNB said in a statement after Thursday’s decision. It followed similar announcements last week by the European Central…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Leuthard meets Zhukov

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Former railways boss speaks out

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Cabinet charts European policy course

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Swiss franc overtakes the dollar

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Quickpoll gas deal

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Ethos decides not to take UBS to court

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Swatch Group clocks up record figures

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Brain specialists look into risky business

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Swatch Group clocks up record figures

More

SNB leaves interest rate unchanged

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