Archive – Banking & Fintech

Three suns smile on Swiss wine

This content was published on Oct 5, 2007 Les Frères Dubois of Cully on the shores of Lake Geneva is a collaboration of three generations of winegrowers working in an exquisitely scenic area steeped in tradition. Grandfather Marcel Dubois, who started the business, is the son of a vineyard labourer and a “vendangeuse” or harvest grape-picker. Eighty-year old Marcel grew up in the…

NGO demands end to unfair debts

This content was published on Oct 4, 2007 André Rotenbühler,co-director of Aktion Finanzplatz Schweiz (AFPS), tells swissinfo why it is urgent to do away with these legacies of corrupt regimes and help the poor in developing nations. AFPS has been hosting an international conference on the issue in the Swiss capital Bern, highlighting the actions of dictators and some governments. Leaders of developing…

Economists remain upbeat over growth

This content was published on Oct 2, 2007 The State Secretariat for Economic Affairs (Seco) forecast of 2.6 per cent for 2007 – up from 2.3 per cent – is slightly higher than that of the Credit Suisse bank, which also published its data on Tuesday. Seco based its statement on the healthy growth of export-oriented industries and the financial sector, as well…

UBS shakes up management after credit losses

This content was published on Oct 1, 2007 The world’s largest wealth manager swept out senior managers and announced it would cut 1,500 jobs in its investment bank as it became one of the biggest casualties so far of turmoil in global credit markets. The third-quarter losses of up to SFr800 million ($685 million) are mostly linked to the subprime mortgage crisis in…

Vekselberg-Sulzer saga draws “Moscow threat”

This content was published on Sep 30, 2007 The Swiss Federal Banking Commission is investigating whether the Russian oligarch together with Austrian investors broke market rules by acquiring a large stake in the engineering group. Vekselberg’s private equity group Renova teamed up with Austrian company Victory Holding to suddenly snap up 32 per cent of Sulzer’s shares in a surprise raid in April.…

African farmers offered drought insurance

This content was published on Sep 29, 2007 The microinsurance industry is expanding, with other firms offering cover for people on low incomes. Zurich Financial Services (ZFS) for example formed a partnership with a Swiss government agency earlier this year. The microcredit industry started in the late 1970s but has snowballed in recent years as companies have recognised both the benefits of ethical…

Experts say Swiss economy is past its peak

This content was published on Sep 28, 2007 Experts forecast the current growth rate will shrink gradually by the end of the year as a result of weaker exports, but they don’t expect the turmoil on the financial markets to have a real impact on the Swiss economy. “I think most of the financial crisis is over and I see only limited risks…

US watchdog rejects Novartis painkiller

This content was published on Sep 27, 2007 The decision comes after the Australian authorities last month banned the drug, which is approved in more than 50 countries across the world. The company said it received a letter from the US Food and Drug Administration (FDA) – as expected – denying it approval for Prexige. “Novartis will continue discussions with the FDA and…

Lavaux

This content was published on Sep 26, 2007

Travel agencies resist online onslaught

This content was published on Sep 25, 2007 According to a study into the sector, Switzerland’s travel agencies have survived the presence of internet sales, but they are being forced by this increased competition to improve their quality of service. The latest survey of members of the Swiss Federation of Travel Agencies, published by bank Credit Suisse on Tuesday, showed that turnover grew…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Three suns smile on Swiss wine

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NGO demands end to unfair debts

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Economists remain upbeat over growth

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UBS shakes up management after credit losses

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Vekselberg-Sulzer saga draws “Moscow threat”

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African farmers offered drought insurance

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Experts say Swiss economy is past its peak

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US watchdog rejects Novartis painkiller

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Lavaux

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Travel agencies resist online onslaught

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