Archive – Banking & Fintech

High cocoa price bodes ill for chocoholics

This content was published on Jul 4, 2007 Cocoa climbed to a four-year high in London last week after a plane carrying the prime minister of Ivory Coast, the world’s biggest producer, was attacked. According to the International Cocoa Organization (ICCO), the cost of cocoa has been rising steadily since the turn of the year. On Tuesday the closing price in London for…

“Careless” investors may get fingers burned

This content was published on Jul 3, 2007 Fewer people complained last year than in 2005, with the proportion of gripes over investment advice sinking. But with more complex products coming onto the market, the ombudsman is bracing himself for a surge. At its annual media conference in Zurich on Tuesday, the independent office said it dealt with 1,467 complaints last year, down…

Is there a quick fix for social security?

This content was published on Jul 3, 2007 This roundtable meeting brought together Swiss and American experts from both sides of the Atlantic. They were asked to compare notes on how to reform social security at a time when society is ageing rapidly. The meeting was organized by the House for Advanced Research and Education (Share) in Cambridge, Massachusetts, a Swiss consulate that…

New blue chip index targets pension funds

This content was published on Jul 3, 2007 The Swiss Leader Index (SLI), launched on Monday, comprises 20 large and ten mid-sized companies. Each firm has limited exposure within the index to comply with US and European Union rules. It paves the way for trading between the SLI, the Eurex and various US stock markets. “Because the capped index meets the provisions of…

Swiss casinos and lotteries have jackpot year

This content was published on Jul 2, 2007 But Swiss lotteries suffered from the popularity of the massive European lottery, Euro Millions, which last year became the most popular game among Swiss punters. The Swiss staked an average of SFr374 in 2006, up from SFr368 in 2005. This growth is part of a trend that has continued unabated since the turn of the…

Nestlé completes takeover of Novartis food unit

This content was published on Jul 2, 2007 Nestlé was required to divest health care nutrition units in France and Spain to comply with demands by the European Commission, which was concerned by Nestlé’s new dominance of the market for liquid food, used to feed patients intravenously. The deal, announced in December 2006, gives Nestlé control of brands such as the Boost and…

Swiss firms irritated over SEC blacklist

This content was published on Jul 1, 2007 Syngenta said it was disappointed with the US Securities and Exchange Commission (SEC), while ABB and Credit Suisse played down their business links with the five named countries – Cuba, Iran, North Korea, Sudan and Syria. The SEC last week launched a website link aimed at exposing companies which could be “indirectly subsidising a terrorist…

Watchmakers pledge to keep up with the times

This content was published on Jun 28, 2007 At its annual meeting on Thursday, the Federation of the Swiss Watch Industry said at least 80 per cent of the production costs for mechanical watches must be attributable to operations in Switzerland. The percentage will be 60 per cent for other kinds of watches, particularly electronic ones, the industry said in a statement. This…

CO2 tax to put Swiss on Kyoto target

This content was published on Jun 28, 2007 The tax will be applied to all imported fossil fuels, amounting to around three centimes on each litre of heating oil and 2.5 centimes on a cubic metre of gas. According to a deal agreed by the cabinet and parliament earlier this year, the CO2 tax becomes mandatory in 2008 since Switzerland failed to reach…

Credit line buoys up Swiss merchant navy

This content was published on Jun 27, 2007 The cabinet said on Wednesday that the SFr500 million increase, if approved by parliament, will ensure that vital supplies would still make their way into the country if a major crisis broke out. At first glance, the idea of the Swiss having a merchant navy seems as incongruous as their yacht winning the America’s Cup.…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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High cocoa price bodes ill for chocoholics

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“Careless” investors may get fingers burned

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Is there a quick fix for social security?

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New blue chip index targets pension funds

More

Swiss casinos and lotteries have jackpot year

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Nestlé completes takeover of Novartis food unit

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Swiss firms irritated over SEC blacklist

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Watchmakers pledge to keep up with the times

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CO2 tax to put Swiss on Kyoto target

More

Credit line buoys up Swiss merchant navy

Popular Stories

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