Archive – Banking & Fintech

Rich Brits invest in “St Tropez of the Alps”

This content was published on Mar 9, 2007 It’s 9am on a crisp February morning and the Médran lift in the centre of the town is abuzz with British skiers and snowboarders waiting to hit the fresh snow. Business in the Swiss ski resort is booming, largely driven by British investments. But young wealthy couples, eager for a pied-à-terre or business at the…

Swiss inflation rate drops to zero

This content was published on Mar 8, 2007 Consumer prices rose by 0.2 per cent from January, largely due to higher rents, but remained unchanged when compared with February last year, the Federal Statistics Office said. Although there is no current pressure on prices, economists believe the Swiss National Bank (SNB) may still continue to increase interest rates gradually. The inflation figure was…

Swiss flies into profit at last

This content was published on Mar 8, 2007 The airline, which is being taken over by Germany’s Lufthansa, said that the current economic climate had given its earnings a lift and that it was now in a position to consider expanding operations. Swiss reported a consolidated net profit of SFr263 million ($215.4 million) for 2006, compared with a SFr178-million loss the previous year.…

Geneva motor show flies green flag

This content was published on Mar 8, 2007 The event, which is expected to attract more than 700,000 visitors, features over 80 world and European vehicle premieres, including models from Russia and for the first time China. This year’s motor show, which runs until March 18, was officially inaugurated by Swiss President Micheline Calmy-Rey. Rolf Studer, the motor show’s general manager, told swissinfo…

Car trends

This content was published on Mar 7, 2007

Tourism industry challenges budget cuts

This content was published on Mar 7, 2007 The government is threatening to cut the budget of the national marketing body, which is already tangled in a restructuring dispute and faced with a massive loss of revenues due to climate change. The cabinet has called on parliament to approve a budget for the next four years of SFr186 million ($152 million) for Switzerland…

Vasella wins the day as share price rises

This content was published on Mar 6, 2007 But he was re-elected to both positions overwhelmingly on a day when the company’s share price, which has disappointed over the past year, rose by almost five per cent. At their annual meeting in Basel, shareholders used words like “arrogant” and “inappropriate” to describe Vasella’s estimated compensation package of SFr44 million ($39.95 million) in 2006.…

Stock markets’ slide has investors guessing

This content was published on Mar 6, 2007 The Swiss Market Index (SMI), listing Switzerland’s blue chip firms, slid 3.4 per cent last Tuesday and six per cent over the course of the week, destroying more than SFr60 billion ($49 billion) in share value. The global reverse was sparked by a sudden 8.8 per cent loss on the Chinese Shanghai Composite Index a…

Costs dominate health insurance debate

This content was published on Mar 6, 2007 The initiative, backed by the political centre-left but opposed by the government and business world, wants parliament to determine the funding model. But costs have become a sore point. In 2003 voters rejected a plan for health insurance to be funded by a rise in VAT with premiums set according to income and wealth. This…

Swiss economy sees biggest growth since 2000

This content was published on Mar 6, 2007 The news comes a day after the International Monetary Fund (IMF) reported in its annual assessment that as economic expansion entered its fourth year “growth [in Switzerland] is balanced, inflation is low and employment is strong”. Seco said on Tuesday that the Swiss economy had picked up speed in the fourth quarter of 2006, but…

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Rich Brits invest in “St Tropez of the Alps”

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Swiss inflation rate drops to zero

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Swiss flies into profit at last

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Geneva motor show flies green flag

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Car trends

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Tourism industry challenges budget cuts

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Vasella wins the day as share price rises

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Stock markets’ slide has investors guessing

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Costs dominate health insurance debate

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Swiss economy sees biggest growth since 2000

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