Archive – Banking & Fintech

UBS beats expectations with solid performance

This content was published on Aug 15, 2006 The result was helped by revenue from trading and managing the assets of the rich. The inflow of net new money at the bank, which is the world’s largest wealth manager, climbed to SFr84.3 billion from SFr66.2 billion a year ago. UBS said net profit in the second quarter had risen by 47 per cent…

Bank merger fuels suspicion of insider trading

This content was published on Aug 14, 2006 Federal and cantonal authorities are investigating why pension funds sold stock ahead of a merger between the two banks, thereby depriving themselves of substantial gains. Allegations in the media suggest that some fund managers at the two banks bought the stock for their personal accounts. On Monday, one fund – Rieter – declared there was…

Swiss development aid fails to make big impact

This content was published on Aug 14, 2006 It however has moved up three places – from 13th to 10th – on the Commitment to Development Index (CDI) compiled each year by the Washington-based Center for Global Development. Launched in 2003, the CDI ranks 21 of the richest nations on their performance in several policy areas including trade, investment, migration, security, environment, and…

Experts predict bright future for Swiss films

This content was published on Aug 12, 2006 After steady improvements over the past decade, the share of Swiss productions in the national market climbed in the first quarter of 2006 to an unprecedented high of 16 per cent – up from six per cent for all of 2005. “At the moment Swiss films are booming at home and we need to make…

Clouds appear in sunny Swiss-US economic ties

This content was published on Aug 11, 2006 It said the sunny picture of bilateral economic relations was marred by a considerable slowdown in recent years of Swiss investment in the US, and there were many hurdles to new investments. Swiss exports to the US grew by 14 per cent last year to reach a record level of SFr16.1 billion ($12.97 billion). Exports…

Cancellations and delays hit air travellers

This content was published on Aug 11, 2006 The situation at London’s Heathrow airport, hardest hit by an alleged bomb plot, had eased by the end of Thursday. But changes to flight schedules are likely to continue. British Airways on Friday cancelled two flights from Zurich airport and three from Geneva. Only one BA flight has left Geneva airport so far for Heathrow.…

British terror alert hits travellers

This content was published on Aug 10, 2006 Passengers were turned away from Zurich, Basel and Geneva airports on Thursday morning as flights to British destinations were delayed or cancelled after an alleged bomb plot was foiled. Swiss airports insist that they are coping with the strain, while local carrier Swiss International Air Lines said it has no plans to follow the example…

Consumers upbeat about economy

This content was published on Aug 10, 2006 The State Secretariat for Economic Affairs (Seco) said on Thursday that Swiss households were especially upbeat about the economic outlook, but were concerned about their income. Results from Seco’s quarterly survey of 1,100 households in July for the three indicators making up the index revealed a mix of opinions. When asked what they thought of…

Money goes far in Zurich and Geneva

This content was published on Aug 9, 2006 The UBS Prices and Earnings study throws up the interesting statistic that people in the two Swiss cities must work around 15 minutes to buy a Big Mac burger compared with a global average of 35 minutes. The latest such survey by Switzerland’s biggest bank compares wages and the price of 122 domestic products and…

Doors open for the hotel industry

This content was published on Aug 9, 2006 Traditional holiday destinations, including the mountain resorts of Davos and Zermatt, and cities were among the main beneficiaries of the upswing. Figures released by the Federal Statistics Office on Wednesday show a total of 17 million overnight stays in Swiss hotels and sanatoriums. Foreign tourists accounted for a 6.7 per cent increase, while there was…

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Archive – Banking & Fintech

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UBS beats expectations with solid performance

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Bank merger fuels suspicion of insider trading

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Swiss development aid fails to make big impact

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Experts predict bright future for Swiss films

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Clouds appear in sunny Swiss-US economic ties

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Cancellations and delays hit air travellers

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British terror alert hits travellers

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Consumers upbeat about economy

More

Money goes far in Zurich and Geneva

More

Doors open for the hotel industry

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