Archive – Banking & Fintech

Kuoni boss to step down

This content was published on Dec 14, 2007 The company said both sides had agreed to end the contract amid differences of opinion over the reforms decided in May and their implementation. Kuoni said it would seek an external successor to Meier, who has been CEO since 2005. Max E. Katz will take over ad interim. Kuoni has made a number of acquisitions…

Power companies plan new nuclear plants

This content was published on Dec 13, 2007 The aim is to replace two existing plants at Beznau in canton Aargau and the Mühleberg plant in canton Bern. The third main nuclear operator, Atel, has been invited to join the project. The partners have agreed on Beznau and Mühleberg as the locations for the two new plants. Commissioning is foreseen after 2020. Axpo…

No patents on seeds and animals demanded

This content was published on Dec 13, 2007 They have handed over a petition to the Munich-based European Patent Office demanding that ordinary plants and animals not benefit from patent protection. The organisations are concerned that just a few agrochemical companies will gain a stranglehold on the food market. The NGOs are warning that an ever-increasing number of patent requests will be filed.…

National bank holds interest rates

This content was published on Dec 13, 2007 The central bank said it decided on Thursday at its quarterly policy meeting to keep the rates steady for the first time after eight successive hikes. It also said that it expected growth in gross domestic product this year of at least 2.5 per cent, and about 2 per cent in 2008. The bank raised…

UBS warns of slowing economic growth

This content was published on Dec 12, 2007 In its annual global outlook, the bank said the situation in the US had reached the point where a downturn was possible, although it should be avoided. UBS analysts pointed out the US Federal Reserve had cut its main interest rate a number of times, enough to ward off such a situation. Economic growth in…

Shoppers loyal, but looking for better deals

This content was published on Dec 12, 2007 The poll by GS1 Schweiz and Accenture confirmed that the two largest retailers, Migros and Coop dominate the market, with 88 per cent of Swiss filling their trolleys at these stores. Eighty-five per cent of shoppers hold loyalty cards from these two supermarket chains. However a third of those surveyed also said they now head…

Organic cotton offers hope to Mali farmers

This content was published on Dec 12, 2007 A swissinfo reporter witnessed how the project in the poverty-stricken sub-Saharan African country allows people to cultivate cotton without endangering their health by using pesticides. Hundreds of insects have found a home in the fields around the village of Faragouaran, in the south of Mali. Although annoying, they are largely harmless, according to locals. “It’s…

Shareholders pay for UBS fightback

This content was published on Dec 11, 2007 Experts are warning that shareholders will pay the price for a “panic reaction” aimed at keeping wealthy clients happy. The loss also puts chairman Marcel Ospel under increasing pressure. Switzerland’s largest bank had its fingers burned by the collapse of the American subprime mortgage business that lends to people with low credit ratings. It wrote…

Media take UBS to task over company situation

This content was published on Dec 11, 2007 The Swiss and international media questioned chairman Marcel Ospel’s role in the debacle – stopping short though of asking him outright to resign – and the decision to seek help from foreign investors. In a statement, Europe’s largest bank by assets announced on Monday it had revised its “assumptions and inputs” used to value US…

Brazilian peasants occupy Syngenta plants

This content was published on Dec 10, 2007 Hundreds of activists broke into a Syngenta plant in the state of Sao Paulo on Monday, expelling 50 employees and shutting down production, according to a company spokeswoman. Members of the Landless Rural Workers’ Movement (MST) and the allied group Via Campesina also destroyed genetically modified corn and soy seedlings at a Syngenta farm in…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Kuoni boss to step down

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Power companies plan new nuclear plants

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No patents on seeds and animals demanded

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National bank holds interest rates

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UBS warns of slowing economic growth

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Shoppers loyal, but looking for better deals

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Organic cotton offers hope to Mali farmers

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Shareholders pay for UBS fightback

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Media take UBS to task over company situation

More

Brazilian peasants occupy Syngenta plants

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