Archive – Banking & Fintech

SWX aims to merge to stay competitive

This content was published on May 15, 2007 The move can be seen as a reaction to the increased competition among international financial markets and rapidly changing customer needs. A statement from the SWX in Zurich said other considerations behind the decision to merge were increasing demands placed on technical infrastructure and the growing complexity of regulatory requirements. It said no major job…

Skyguide failures blamed for plane crash

This content was published on May 15, 2007 A district court near Zurich will spend the next two weeks trying to determine their degree of responsibility in the crash of two jets in Swiss-controlled airspace over southern Germany that left 71 people dead. Prosecutor Bernhard Hecht has called for suspended sentences of between six and 15 months for the eight accused, including a…

Japan seeks Swiss trade gateway to Europe

This content was published on May 14, 2007 An agreement with Switzerland that lowers tariffs would benefit Japan because 70 per cent of its exports are taxed at the Swiss border, Japanese officials said on Monday. The first round of talks are being held in Tokyo and are scheduled to run for five days, with both sides seeking to promote trade in areas…

Central bank set to raise key rate again

This content was published on May 13, 2007 Jordan also said in an interview on Sunday that the bank remains on the lookout for inflationary pressures led by import prices. “From today’s perspective, the phase in which further interest rate increases are needed does not appear to be fully completed yet,” he told the Swiss newspaper NZZ am Sonntag. Jordan said the central…

Swiss renew budget support for Tanzania

This content was published on May 11, 2007 A three-year accord was signed during an official visit to the east African nation by Swiss Economics Minister Doris Leuthard. The Swiss contribution goes directly towards the Tanzanian government and is known as General Budget Support (GBS). It is part of an international aid effort by 14 organisations and countries – including the World Bank,…

Converium accepts French takeover bid

This content was published on May 10, 2007 Converium has advised its shareholders to accept the SFr23.20 ($19.06) per share bid, after spurning earlier approaches from Scor claiming that any sale would entail “considerable risk”. “Converium’s board of directors unanimously welcomes today’s revised offer from Scor,” a company statement said. “The board therefore recommends that shareholders accept the improved offer.” Scor has improved…

Switzerland sails on in sea of competitiveness

This content was published on May 10, 2007 According to the World Competitiveness Yearbook 2007, Switzerland is among the countries most successful in catching up with the number one competitive nation, the United States. But the IMD questions how long Switzerland will be able to ride the favourable seas to keep among the leaders of the pack. Hard on the heels of the…

Swiss boat ends first solar Atlantic crossing

This content was published on May 9, 2007 The catamaran reached New York on Wednesday after sailing 13,000 kilometres from Chipiona in Spain to the Caribbean island of Martinique and along the East Coast of the United States. The team behind the feat, Transatlantic21, said the 14-metre boat produced 2,000-kilowatt hours of solar energy. “This proves that in our modern society it is…

Leuthard boosts business with South Africa

This content was published on May 8, 2007 On the second day of her visit to Pretoria, she signed a revised accord aimed at avoiding double taxation and an extended agreement on air transport between the two countries. The double taxation accord, signed during a meeting with the South African finance minister, Trevor Manuel, replaces a 1967 deal and is in line with…

Rail network enlarged for train-friendly Swiss

This content was published on May 8, 2007 New lines and modifications to the network will help cut journey times across Switzerland and to neighbouring countries, it announced on Tuesday. Since the introduction of the Rail 2000 project in December 2004, which was intended to attract new customers in Switzerland to public transport, the network has enjoyed a sizeable rise in passenger numbers.…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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SWX aims to merge to stay competitive

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Skyguide failures blamed for plane crash

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Japan seeks Swiss trade gateway to Europe

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Central bank set to raise key rate again

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Swiss renew budget support for Tanzania

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Converium accepts French takeover bid

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Switzerland sails on in sea of competitiveness

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Swiss boat ends first solar Atlantic crossing

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Leuthard boosts business with South Africa

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Rail network enlarged for train-friendly Swiss

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