Archive – Banking & Fintech

IMF calls on Swiss to adopt EU product policy

This content was published on Mar 5, 2007 In its annual assessment, the IMF comments that as economic expansion enters its fourth year “growth is balanced, inflation is low and employment is strong”. It argues for “deeper structural reform” in the internal market, such as adopting the “Cassis de Dijon” principle although it is not a member of European Union. Under this principle,…

Swiss to pass on more Berlusconi documents

This content was published on Mar 4, 2007 The Federal Court ruled that the Swiss authorities could pass on information concerning bank accounts allegedly used for fictitious and elevated payments of film and television rights by Mediaset, a firm controlled by the former Italian prime minister’s company. The holders of a number of incriminated Swiss accounts had appealed against the transfer of banking…

Adecco “on track” after profit boost

This content was published on Mar 2, 2007 The figures for the world’s largest recruitment firm, released on Friday, were well ahead of expectations and were boosted in part by a year-end tax break. Revenues at Adecco, which has its headquarters near Zurich, were up 12 per cent to €20.4 billion, slightly below expectations, lifted by last year’s acquisition of DIS, a German…

Swiss firms want takeover rules changed

This content was published on Mar 1, 2007 Parliament is set to debate whether to make investors reveal their identity once they buy three per cent of a target’s shares. This comes amid intense takeover speculation in the industrial sector. Current market regulations allow investors to remain incognito if they buy less than five per cent of a company’s shares that come with…

Swiss top global travel and tourism table

This content was published on Mar 1, 2007 The alpine nation, which this week announced its best tourism figures since 2000, outstripped 123 other countries on the back of its safety record and high-quality staff. “Switzerland is an extremely safe country, with excellent health and hygiene indicators, as well as environmental regulation that is among the most stringent and effective in the world,”…

Swiss Re profit doubles

This content was published on Mar 1, 2007 The world’s largest reinsurer revealed the results on Thursday as it launched a SFr6-billion ($4.92-billion) share buyback. Net profit was up from SFr2.3 billion in 2005 and the company, which insures other insurers, also increased its dividend to SFr3.40 per share, up 36 per cent. It said synergies from the SFr7.4 billion acquisition from General…

Opponents of health initiative extend lead

This content was published on Feb 28, 2007 The latest opinion poll – commissioned by the Swiss Broadcasting Corporation – found the gap between opponents and supporters had widened since an earlier survey. Fifty-two per cent of respondents said they would vote against the people’s initiative, which is backed by the centre-left Social Democrats and the Greens. Support for the proposal slipped slightly…

Dial “M” for good taste in London

This content was published on Feb 28, 2007 Mosimann, who has been for decades a standard bearer for Swiss quality and an ambassador for good taste, told swissinfo about his career, his passion for food and his future. As you enter the club, there is a red M for “Mosimann’s” on the door. But it’s also printed on the establishment’s matchboxes as well…

Machine industry exports jump in 2006

This content was published on Feb 28, 2007 At its annual results news conference, Swissmem said exports had risen 14 per cent to around SFr70 billion ($57 billion). Sales last year increased by 10.9 per cent. The organisation expressed confidence in the current year, given the good economic outlook in Switzerland. But it warned that an increase in the value of the Swiss…

Cement maker Holcim posts record result

This content was published on Feb 28, 2007 The company said the result was boosted by a dynamic construction sector and favourable weather conditions. Operating profit rose about 32 per cent to SFr4.4 billion, while sales were up 30 per cent at SFr24 billion. The results beat analysts’ expectations, which had forecast net growth to rise 25 per cent. Holcim, which recently announced…

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Archive – Banking & Fintech

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IMF calls on Swiss to adopt EU product policy

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Swiss to pass on more Berlusconi documents

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Adecco “on track” after profit boost

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Swiss firms want takeover rules changed

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Swiss top global travel and tourism table

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Swiss Re profit doubles

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Opponents of health initiative extend lead

More

Dial “M” for good taste in London

More

Machine industry exports jump in 2006

More

Cement maker Holcim posts record result

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