Archive – Banking & Fintech

Historic Montreux hotel to “set sail” again

This content was published on Dec 1, 2006 The Hotel National opened in 1875 as the first grand hotel in Montreux, the resort on the Swiss Riviera that would eventually become known for its stately accommodation. The lights went out 20 years ago when the hotel owners decided to close it down, and there is still no power. The windows are broken; torn…

Economy loses steam in third quarter

This content was published on Dec 1, 2006 However, the economy is healthy and economists still believe that the Swiss National Bank (SNB) will continue raising interest rates step-by-step. Real gross domestic product (GDP) increased by 0.4 per cent compared with the second quarter, the State Secretariat for Economic Affairs reported on Friday. Growth in the second quarter was revised down to 0.6…

Bern and Brussels agree to disagree

This content was published on Nov 30, 2006 Swiss Foreign Minister Micheline Calmy-Rey and EU Commissioner for External Relations Benita Ferrero-Waldner decided on Thursday that solutions had to be found at the political and judicial levels. Talks in Brussels – described as “pleasant and constructive” – ended with a declaration of the two sides’ different positions. Privileges offered to companies by some cantons…

Swiss economy hears mixed messages

This content was published on Nov 29, 2006 But Zurich’s Institute for Business Cycle Research (KOF) reported on Wednesday that business expectations are steadily falling. The Swiss National Bank said it would continue to raise interest rates. The OECD raised Switzerland’s 2006 gross domestic product (GDP) growth prediction to three per cent from the 2.4 per cent forecast in May. The rate of…

Committee contests single health insurance

This content was published on Nov 28, 2006 Voters will decide on the plan supported by centre-left political parties in a nationwide ballot next March. A cross-party committee of parliamentarians said the initiative created more problems than it was able to resolve. They said a single health insurance company would trigger higher premiums and also lead to dramatic tax increases. The people’s initiative…

Getting cargo through the alpine bottleneck

This content was published on Nov 28, 2006 Part of this strategy has been to combine rail and road transport, but the message is not getting through to hauliers, who are still putting more trucks on the road. Switzerland is the European champion when it comes to rail transport. In 2005, nearly two thirds of cargo in transit travelled by rail. In Austria,…

Green group wants action over alpine traffic

This content was published on Nov 27, 2006 A leading environmental group has warned it will file a legal complaint if the government doesn’t take action. The non-governmental Alpine Initiative group on Monday handed in a petition calling for increased efforts to bring down the number of trucks from more than 1.2 million to 650,000 by 2009. It said the 40,000 signatures it…

Postal workers stage wave of protests

This content was published on Nov 27, 2006 The demonstrations in three cities across the country come ahead of a new round of negotiations next month. Trade union leaders said they would not give up their industrial action until they won assurances from the management that nobody would lose their jobs or have to accept salary cuts. In October Swiss Post announced it…

Climate reality check for Swiss president

This content was published on Nov 25, 2006 “As a politician I mostly have to deal with abstract ideas, but here I can see the concrete dangers of climate change,” he told the highland farmers who depend on rainfall captured by Kenya’s second largest mountain. Leuenberger was in Kenya last week not only to take part in the Nairobi post-Kyoto climate talks, but…

Bourse turns its back on merger mania

This content was published on Nov 24, 2006 Chairman Peter Gomez says the SWX will remain independent to preserve its status as a self-regulatory body and safeguard the tradition of banking secrecy. Friday’s publication of the review findings comes against the backdrop of increasingly frenetic merger and takeover speculation among the world’s leading exchanges. The London Stock Exchange has repeatedly rebuffed takeover bids…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Historic Montreux hotel to “set sail” again

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Economy loses steam in third quarter

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Bern and Brussels agree to disagree

More

Swiss economy hears mixed messages

More

Committee contests single health insurance

More

Getting cargo through the alpine bottleneck

More

Green group wants action over alpine traffic

More

Postal workers stage wave of protests

More

Climate reality check for Swiss president

More

Bourse turns its back on merger mania

Popular Stories

Most Discussed