Archive – Banking & Fintech

Doctored snow generates ill feeling

This content was published on Jan 19, 2007 The decision follows reports that 1.5 tons of ammonium nitrate fertiliser was used to ensure the running of last weekend’s World Cup Lauberhorn race in Wengen. Urs Näpflin, Lauberhorn race director, confirmed to swissinfo that the quoted amount of the chemical compound, which raises the freezing point of the snow, had been spread “over the…

Bankers say EU rules are “poison” for market

This content was published on Jan 18, 2007 They also asked the Swiss government for more time to consider new measures in the fight against money laundering, while urging the government not to adopt over-strict regulations to fight the problem. Konrad Hummler, vice-president of the Swiss Private Bankers Association, said the regulations for the EU’s Markets in Financial Instruments Directive (MiFID) would increase…

Government aid agency concentrates its efforts

This content was published on Jan 18, 2007 The news came as the SDC outlined its goals for 2007, which include the fight against poverty and measures to improve human security. At its annual news conference in Bern on Thursday, the SDC said that it would reduce the number of countries on its aid programme from 17 to 14 by 2010. The SDC…

Novartis records healthy profit in 2006

This content was published on Jan 18, 2007 The Basel-based concern said on Thursday that the rise was thanks to innovation and the strengthening of its healthcare portfolio. Full-year sales were $37.02 billion, up 15 per cent on the previous year while operating income was up 18 per cent with productivity offsetting acquisition costs and investments in new pharmaceutical product launches. “The strong…

Foreign workers concerned over pension changes

This content was published on Jan 17, 2007 Unions fear the change will lead to an exodus of workers after being deluged with complaints in recent months. The rule change is part and parcel of a bilateral agreement that came into force on June 1, 2002, making it easier for EU workers to access the Swiss labour market. Part of the agreement involved…

WWF accuses Nestlé of illegal coffee trading

This content was published on Jan 17, 2007 Nestlé insists it does not condone “unacceptable activities” and is one of a number of firms that have pledged to engage with the WWF to prevent further forest from being cleared. Wednesday’s WWF report, Gone in an Instant, says robusta coffee – often used to make instant coffee and energy drinks – is being grown…

Geldof urges Swiss to help rebuild Africa

This content was published on Jan 16, 2007 Addressing the Alpine Symposium in Interlaken, Geldof also urged banks to pay back “dirty” money deposited in Swiss accounts by corrupt African rulers and to take a lead in reforming the finance industry. The Irish rock star, who was behind the Live Aid concert to highlight the plight of Africans in 1985 and Live 8…

Brussels seeks fair deal in tax row

This content was published on Jan 16, 2007 Michael Reiterer, who is about to take up his new post as ambassador in the Swiss capital, Bern, said that Brussels had no interest in the dispute heating up. However, Switzerland had to show willingness to consider the arguments put forward by the commission, he told journalists in Brussels on Monday. Reiterer did not go…

Adaptable Swiss banks magnet for wealth

This content was published on Jan 15, 2007 The amount of wealth invested in Switzerland last year is set to eclipse the SFr4.4 trillion ($3.53 trillion) in 2005. The Swiss Bankers Association says overseas expansion and diversification is behind the growth. Switzerland’s status as the third largest wealth management centre in the world looks safe according to the most recent figures. A report…

The fine art of Swiss hospitality

This content was published on Jan 15, 2007 The Lausanne Hotel School has been passing on its expertise to other countries eager to learn more about Swiss-style hospitality.

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Doctored snow generates ill feeling

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Bankers say EU rules are “poison” for market

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Government aid agency concentrates its efforts

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Novartis records healthy profit in 2006

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Foreign workers concerned over pension changes

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WWF accuses Nestlé of illegal coffee trading

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Geldof urges Swiss to help rebuild Africa

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Brussels seeks fair deal in tax row

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Adaptable Swiss banks magnet for wealth

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The fine art of Swiss hospitality

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