Archive – Banking & Fintech

Leuthard targets business hurdles in Mexico

This content was published on Feb 6, 2008 During talks with Mexican partners, she agreed to seek closer cooperation between Switzerland and Mexico on environmental and energy matters. but also demanded better protection of Swiss companies’ interests. Speaking after meeting Economics Minister Eduardo Sojo on Tuesday in Mexico City, Leuthard highlighted the potential of the local market for Swiss companies and efforts to…

Homeowners saddled with high debts

This content was published on Feb 5, 2008 This surprising combination springs from the high cost of housing coupled with a tax regime that discourages capital repayments, the Swiss Home Owners’ Association complained on Tuesday. As a result, only 37 per cent of Swiss own residential property despite some three quarters saying they would like to do so. Many are put off by…

Emmi milks sales as profits sour

This content was published on Feb 4, 2008 Profit margins of 1.5 to 1.7 per cent are anticipated for last year, compared with 2.3 per cent in 2006. However, cost-cutting measures are aimed at boosting net profits to two per cent in 2008. The 2006 acquisitions of Swiss dairy Mittelland Molkerei and Trentinalatte in northern Italy were largely responsible for lifting sales both…

Swiss seek better access to Mexican markets

This content was published on Feb 4, 2008 But Swiss non-governmental organisations fear trade liberalisation will hold no benefit for Mexico’s poor. They also stress the need for improved human rights. Switzerland is among the top five investors in Mexico and exports soared by nearly 30 per cent in 2006 – making the country an important partner among the emerging economies. Leuthard, accompanied…

Central bank to reassess growth forecast

This content was published on Feb 3, 2008 The central bank had set its forecast at two per cent for 2008, but Hildebrand told the NZZ am Sonntag newspaper that while indicators remained robust, exports and the retail trade showed signs of slowing down. He warned in an interview published on Sunday that risks for economic growth has “undoubtedly increased.” Hildebrand said the…

Cigarette prices to increase again

This content was published on Feb 3, 2008 According to Thomas Zeltner, the price of a pack will probably increase between SFr0.30 ($0.28) and SFr0.50 in 2009, putting the average cost at around SFr6.50. The health office will soon put in a request to the Swiss finance ministry to increase the tax on tobacco Zeltner told the Sonntag newspaper, and a decision should…

Film portrays murdered Russian journalist

This content was published on Feb 3, 2008 The late journalist is the main protagonist in Eric Bergkraut’s documentary An Article Too Many – the Murder of Anna Politkovskaya. The film will be premiered at a film festival in the German capital Berlin and is to be aired on Swiss public television later this month. Bergkraut says he was impressed with her uncompromising…

Farmers demand more for milk

This content was published on Feb 1, 2008 Some 200 farmers converged for a demonstration in the capital Bern on Friday – with four plastic cows in tow – and demanded government support. Under the current pricing regime, Swiss farmers receive SFr0.70 ($0.65) per litre of milk. They are seeking SFr1 per litre, with a minimum increase of SFr0.10 by the beginning of…

Oerlikon gets rid of Blu-ray business

This content was published on Feb 1, 2008 “Oerlikon is continuing to pursue its portfolio strategy and (is) parting company with what is a comparatively small, volatile segment for the group,” the company said in a statement. Blu-ray is one of two competing and incompatible high-definition video formats available to consumers. Specialists have recently stated that it has – for all intents and…

Cheaper euro transfers benefit firms

This content was published on Feb 1, 2008 But Swiss banks could pay hundreds of millions of francs to convert their systems to plug into the new European Union standard. Failure to do so would have risked losing business to rivals. The much-heralded Single Euro Payment Area (Sepa) will save businesses across Europe an estimated €123 billion (SFr197 billion) in banking charges in…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Leuthard targets business hurdles in Mexico

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Homeowners saddled with high debts

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Emmi milks sales as profits sour

More

Swiss seek better access to Mexican markets

More

Central bank to reassess growth forecast

More

Cigarette prices to increase again

More

Film portrays murdered Russian journalist

More

Farmers demand more for milk

More

Oerlikon gets rid of Blu-ray business

More

Cheaper euro transfers benefit firms

Popular Stories

Most Discussed