Archive – Banking & Fintech

Society drifting apart warns charity

This content was published on Jan 18, 2008 At its annual forum in Bern on Thursday, the non-governmental organisation focused on social inequality and solidarity, notably on education. The richest ten per cent of Swiss households had incomes six to ten times that of the poorest ten per cent, the forum heard. And just 0.14 per cent of Swiss taxpayers possessed more than…

Swatch sales worth nearly SFr6 billion

This content was published on Jan 18, 2008 Turnover reached SFr5.94 billion ($5.4 billion), an increase of over 17 per cent. Growth was particularly strong in the watch and jewellery sector, as well as in the movement and component market, with sales gaining more than 20 per cent over the previous year. Swatch expects an above-average increase in operating result and net income…

Expected hedge fund stampede turns to trickle

This content was published on Jan 17, 2008 Many wealthy investors are seeking new bases for their operations, but most are giving Switzerland a wide berth. This is because tax conditions here are, unusually, less advantageous than in other European countries. One financial newspaper predicted last year that “dozens and dozens” of hedge fund managers would move from London to Switzerland following changes…

World’s richest are also most pessimistic

This content was published on Jan 17, 2008 A higher percentage of respondents in western Europe and North America predicted that future generations would be both less safe and economically worse off than did their counterparts elsewhere in the world. A relatively high proportion – 71 per cent – of Africans were optimistic about the future, and 77 per cent of Latin American…

Fourth quarter drop dents Novartis profit

This content was published on Jan 17, 2008 Like most of the drug industry, the company suffered from declining sales in key units, a lack of new products and pressure in the generic sector. Novartis’ record result was only achieved in part from the sales of the Gerber baby-food business and its medical nutrition division to another Swiss multinational, Nestlé. These two sales…

Business upbeat despite US recession threat

This content was published on Jan 16, 2008 World share prices plummeted on Tuesday after the US Citigroup bank wrote off $18 billion (SFr19.6 billion) following the collapsed US subprime mortgage industry. There are fears the crisis could become widespread. The biggest Swiss casualty of US economic woes so far is Switzerland’s largest bank, UBS, which is turning to foreign investors to plug…

Cabinet sets foreign trade priorities

This content was published on Jan 16, 2008 It has approved the foreign trade report for 2007, which emphasised international competitiveness and the World Trade Organization (WTO). This policy, in which the other main points are relations with the European Union and bilateral accords, will be continued into 2008, said a government statement. Despite little progress being made with the Doha round of…

20 million passengers use Zurich airport

This content was published on Jan 15, 2008 The number of transit passengers increased by 14.3 per cent to seven million over the same period, consolidating Zurich’s position as a hub. Swiss International Air Lines notched up the largest passenger increase of 11.6 per cent, followed by Air Berlin, Emirates and Basel-based charter airline Hello. There was a total of 268,476 flight movements…

Swiss are champions in waste management

This content was published on Jan 15, 2008 Switzerland itself generally has a successful waste management policy. But although the Swiss are great recyclers, they are among the worse offenders in terms of the quantity of rubbish produced. Poor waste disposal infrastructure and the rubbish tax have been blamed for the situation in Naples, as has the low recycling rate. There has also…

Greenback loses more ground on franc

This content was published on Jan 14, 2008 The view that the US Federal Reserve will drop its main interest rate to ward off a potential recession has weakened the greenback on money markets. The president of the Swiss National Bank, Jean-Pierre Roth, warned this weekend that there were serious concerns about the future of the US economy. According to financial specialists, the…

Page 800 of 1641

First … 798 799 800 801 802 … Last

Archive – Banking & Fintech

Popular Stories

Most Discussed

Archive – Banking & Fintech

More

Society drifting apart warns charity

More

Swatch sales worth nearly SFr6 billion

More

Expected hedge fund stampede turns to trickle

More

World’s richest are also most pessimistic

More

Fourth quarter drop dents Novartis profit

More

Business upbeat despite US recession threat

More

Cabinet sets foreign trade priorities

More

20 million passengers use Zurich airport

More

Swiss are champions in waste management

More

Greenback loses more ground on franc

Popular Stories

Most Discussed