Archive – Banking & Fintech

Swisscom shows profitable growth in 2007

This content was published on Mar 5, 2008 The firm said on Wednesday that net income had been boosted by the repurchase of the 25 per cent Vodafone stake in its mobile phone unit and the sale of its Hungarian unit, Antenna Hungaria. Sales were up by almost 15 per cent to SFr11.1 billion, the company said in a statement. These were driven…

Migration boom boosts property market

This content was published on Mar 4, 2008 The immigration wave has placed pressure on urban centres while the retail property sector is facing a soft landing as less favourable economic conditions start to bite, according to Credit Suisse bank. Last year saw a net inflow of more than 80,000 foreign permanent residents, reinforcing an upward trend since the Swiss-EU bilateral agreement on…

Economy accelerates while inflation stays high

This content was published on Mar 4, 2008 The State Secretariat for Economic Affairs (Seco) in Bern reported on Tuesday that gross domestic product – the value of all goods and services – rose one per cent from the third quarter, twice the rate forecast by even the most optimistic of market analysts. Seco added that Swiss economy grew by 3.1 per cent…

Adecco shines with record figures

This content was published on Mar 4, 2008 The company, which has its headquarters near Zurich, said group revenues last year were €21.1 billion, or three per cent higher than in 2006. “We continue to see solid growth rates in the European and Asian staffing markets, while demand patterns in the United States remain weak,” commented Adecco CEO Dieter Scheiff in a statement.…

Businesses challenged over human rights

This content was published on Mar 4, 2008 She was speaking at a conference on the subject at Rüschlikon, near Switzerland’s main financial centre of Zurich, on Monday. Leuthard said it was not up to only the state to protect human rights. “Companies have their corporate responsibility with their presence, with a code on how to treat people within the companies, but also…

NGOs call on Swiss to defend the right to food

This content was published on Mar 3, 2008 The NGOs want the Swiss delegation at the United Nations Human Rights Council (HRC), which opened a session in Geneva on Monday, to adopt a clear position on the issue. They argue Switzerland should express its concern at the negative consequences of the industrial production of biofuels and push for a resolution saying that “biofuels…

Villagers dig in heels over data centre

This content was published on Mar 3, 2008 While some business experts say the case is “exceptional” and should be resolved soon, for others it underlines the difficulties international companies face when doing business in Switzerland. In 2006, Nestlé decided it would build a Nespresso coffee capsule production plant in Avenches. Last year, it was American internet giant Yahoo that announced it wanted…

Swatch clocks up a quarter of a century

This content was published on Mar 1, 2008 While there were plenty who scoffed at the idea of a cheap, plastic watch when it came out on March 1, 1983, the past quarter-century has shown that the brand was a huge winner for the Swiss watch industry. The name has also been passed on to a group that is the undisputed leader in…

Website battle taxes Swiss bank

This content was published on Feb 29, 2008 The case had sparked a row over free speech versus banking secrecy. And it comes hot on the heels of the German tax authorities using stolen data from a Liechtenstein bank to crack down on tax evaders. Campaigning website Wikileaks published what it claimed was evidence of tax evasion and money laundering schemes by Julius…

Calida finally starts to grow again

This content was published on Feb 29, 2008 Higher exports, along with a reorganisation that included moving the production of its French market brand Aubade to Tunisia, led to reported real growth in turnover for the first time in ten years. Sales, up 4.8 per cent, increased to SFr232 million, the group announced on Friday. The Calida brand was the main contributor to…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Swisscom shows profitable growth in 2007

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Migration boom boosts property market

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Economy accelerates while inflation stays high

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Adecco shines with record figures

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Businesses challenged over human rights

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NGOs call on Swiss to defend the right to food

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Villagers dig in heels over data centre

More

Swatch clocks up a quarter of a century

More

Website battle taxes Swiss bank

More

Calida finally starts to grow again

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