Archive – Banking & Fintech

Swiss family Blatter extends sporting influence

This content was published on Aug 2, 2006 Infront was awarded the media and global sales rights for the 2002 and 2006 World Cups by Fifa, but the organisation denied that it played a part in the appointment of Philippe Blatter. The Blatter family name already carries a heavy resonance in world sport. Joseph, known as Sepp, has been in charge at Zurich-based…

Profit leaps to a record at Credit Suisse

This content was published on Aug 2, 2006 The second-quarter results, released on Wednesday, showed a net profit of SFr2.16 billion, driven by a boom in investment banking and wealth management. This compared with net profit of SFr919 million for the same period last year. Switzerland’s second-largest bank also reported a net inflow of SFr16.5 billion in its wealth management business, far above…

Trousers required for flag throwers

This content was published on Aug 1, 2006 A woman from the mountain resort of Saas Fee is now raising the red and white banner for women to bring the sport into the 21st century. Erika Andenmatten has already taken part as a flag thrower in the traditional parade of the prestigious national yodelling festival. But she did so wearing men’s trousers, bending…

Bern’s man in Berlin starts with a bash

This content was published on Jul 30, 2006 Christian Blickenstorfer started in his new post in May, in good time to host the largest Swiss National Day celebrations outside Switzerland. Economists forecast that Germany’s gross domestic product (GDP) will pick up to two per cent in 2006, from a sluggish 0.8 per cent last year. “We hope that Germany’s ongoing economic recovery is…

Wood chips leave winemakers with bitter taste

This content was published on Jul 28, 2006 They claim the arrival of “New World” practices will dilute the authenticity of the country’s centuries-old winemaking tradition and will also lead to confusion among consumers. In March this year the European Union agreed to allow the addition of wood chips to wine after signing a landmark deal with the United States. The Swiss, who…

Court gives green light to Swissair case

This content was published on Jul 27, 2006 Charges brought at the end of March, which were initially rejected, have now been modified and accepted by the court in Bülach, close to what was Swissair’s Zurich home base. The 19 defendants, including 16 members of the management and board of directors of the company, are to appear in court early next year. Swissair…

ABB posts sharp rise in net profit

This content was published on Jul 27, 2006 The Swiss-Swedish industrial giant, which has its headquarters in Zurich, said on Thursday that second-quarter sales had risen by five per cent to $6 billion, with orders up by 19 per cent to $7.28 billion. A company statement said earnings before interest and taxes (Ebit) had beaten forecasts at $640 million, up 73 per cent,…

Lebanon siege hits Swiss business interests

This content was published on Jul 26, 2006 Supply lines have been hit by the closure of Beirut’s airport and a blockade of the capital’s port while bridges, roads and other infrastructure have been destroyed in a bombing campaign. The conflict has been raging for two weeks after Islamic militant group Hezbollah captured two Israeli soldiers in a cross-border raid on July 12.…

Kids get the Ritz treatment

This content was published on Jul 26, 2006 Cesar Ritz of Ritz hotel fame was Swiss. And Pascal, Nicole and Joel might be just as well known one day. They are the nine-, ten- and 11-year-olds currently being wooed by the country’s hospitality industry. Joel has the right attitude, and one could say a Ritzy head for the hotel business. The chubby-cheeked, baseball-capped…

Collapse of WTO talks could delay Swiss reforms

This content was published on Jul 24, 2006 Agriculture was once again the stumbling block that led to the breakdown of the Geneva talks between the six leading members of the World Trade Organization (WTO) aimed at saving the Doha Round. The deadlock prompted the WTO’s director-general, Pascal Lamy, to suspend the talks on dismantling market barriers indefinitely, effectively scrapping the end-of-year deadline…

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Archive – Banking & Fintech

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Swiss family Blatter extends sporting influence

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Profit leaps to a record at Credit Suisse

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Trousers required for flag throwers

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Bern’s man in Berlin starts with a bash

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Wood chips leave winemakers with bitter taste

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Court gives green light to Swissair case

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ABB posts sharp rise in net profit

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Lebanon siege hits Swiss business interests

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Kids get the Ritz treatment

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Collapse of WTO talks could delay Swiss reforms

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