Archive – Banking & Fintech

Rents increase 20 per cent in past decade

This content was published on Apr 25, 2007 A limited supply of housing and insufficient construction of new properties to rent have kept prices rising, in a country where most people rent rather than buy. Higher demand from foreign workers for rental property, and economic growth also contributed to the rent hike, according to the annual Immo-Monitoring Swiss construction and property markets report.…

Shoppers open wallets in spending surge

This content was published on Apr 24, 2007 The UBS Consumption Indicator tipped the scales at 2.13 points in March, up from 2.02 the previous month and the best level since July 2001, with consumers expected to spend more this year than last. The Indicator, compiled each month by Switzerland’s biggest bank, together with Zurich’s Swiss Economic Institute (KOF), measures such benchmarks as…

Nuclear plants safe but waste management not

This content was published on Apr 24, 2007 The inspectorate said no serious incidents were recorded in any of the five power plants during 2006, but its expert panel says that areas including waste management leave something to be desired. Professor Walter Wildi, president of the Swiss Federal Nuclear Safety Commission, which advises the inspectorate, told swissinfo that 2006 was a “good year…

Sulzer stakes bought by Russian billionaire

This content was published on Apr 21, 2007 It is the latest in a series of moves by the Russian billionaire Viktor Vekselberg to boost his position as an investor in Switzerland’s industrial sector. Renova already has a 14 per cent stake in Swiss technology group OC Oerlikon which recently bought the Swiss textile machinery and car part maker Saurer. The new acquisition…

Novartis wants drugs access overhaul

This content was published on Apr 20, 2007 Paul Herrling, head of corporate research at the Swiss pharmaceutical giant, told swissinfo the present system of supplying affordable medicines to poor countries was problematic and unsustainable. The supply of cut price or free medications is currently provided by charitable programmes of pharmaceutical companies or via World Trade Organization (WTO) rules allowing governments to override…

Renewable energy attracts investors

This content was published on Apr 20, 2007 Last year they poured SFr18 billion ($14.8 billion) into sustainable investments in Switzerland – an increase of 70 per cent over 2005. This impressive growth mirrors the boom in companies active in environmental technology. Meyer Burger and 3S Swiss Solar Systems, both based in canton Bern, are two companies that have embraced the sustainability ideal.…

Mighty mouse roars on to new highs

This content was published on Apr 19, 2007 He told swissinfo that Logitech was going from strength to strength because of very motivated people who shared a belief that they could “invent the future”, creating new products that people “love to buy”. The company reported on Thursday that its net profit for the fiscal year ending in March was $230 million (SFr276.6 million)…

Swiss retailers’ profits rise despite price war

This content was published on Apr 18, 2007 The two groups have been forced to deal with the arrival of foreign discounters, dropping the prices on their products and trying to consolidate their market share. Migros, the country’s top retailer announced on Wednesday that its profits grew 7.9 per cent in 2006 to SFr754 million ($626.6 million). Sales were again above the SFr20…

Swiss firms react slowly to ageing workforce

This content was published on Apr 18, 2007 A barometer of eight countries shows that only French firms are less prepared than the Swiss to adapt. Switzerland, like its European neighbours, has a shortage of workers and a creaking pension scheme. By 2010 some 55 per cent of the Swiss workforce will be over 40, Adecco said in its report on Tuesday. Looking…

Bond bidder has all the time in the world

This content was published on Apr 16, 2007 The collection stretched from Hollywood to Africa – Bond’s Seamaster Planet Ocean went for more than SFr250,000, and the 18K yellow gold pocket watch belonging to Haile Selassie I, emperor of Ethiopia from 1930-1974, was bought for SFr40,120. Omegamania, hosted by the world’s leading horological auctioneers, Antiquorum, generated a total of SFr6,536,911 including the highest…

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Archive – Banking & Fintech

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Rents increase 20 per cent in past decade

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Shoppers open wallets in spending surge

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Nuclear plants safe but waste management not

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Sulzer stakes bought by Russian billionaire

More

Novartis wants drugs access overhaul

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Renewable energy attracts investors

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Mighty mouse roars on to new highs

More

Swiss retailers’ profits rise despite price war

More

Swiss firms react slowly to ageing workforce

More

Bond bidder has all the time in the world

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