Archive – Banking & Fintech

Pressure mounts over “abortion premiums”

This content was published on Jun 16, 2006 Josef Zisyadis says the practice goes against the spirit of the country’s mandatory health insurance system, which he says should be equal for everyone. For a number of years members of Switzerland’s 40,000-strong Pro Life organisation have benefited from a preferential deal on cover over and above the basic mandatory insurance. Currently two health insurers…

Central bank warns of further rate rises

This content was published on Jun 15, 2006 But Hildebrand says he is confident that any further tightening of monetary policy will not choke an expanding Swiss economy. At a news conference in Geneva, the SNB announced it was increasing its target for the three-month Libor rate by a quarter of a percentage point to 1.5 per cent. The central bank also said…

Art boom

This content was published on Jun 15, 2006

National Bank lifts key rate as economy surges

This content was published on Jun 15, 2006 The bank said on Thursday it had increased its target for the key three-month Libor rate to 1.5 per cent – the highest rate since December 2001. It added that further rises were in the offing. The move had been widely expected and follows similar steps by banks around the world, including the European Central…

Bike to work

This content was published on Jun 14, 2006

French insurer AXA swoops on Winterthur

This content was published on Jun 14, 2006 Switzerland’s second-largest bank, which had been seeking a buyer for two years, said proceeds from the sale could be reinvested in acquisitions, joint ventures in investment and private banking, and asset management. Under the terms of the deal, which is subject to regulatory clearance and expected to close at the end of the year, AXA…

Swiss economy shows “spark”

This content was published on Jun 13, 2006 On Wednesday UBS raised its growth forecast from 2.3 to three per cent – a day after Credit Suisse hiked its GDP prediction from 2.1 to 2.8 per cent. The International Monetary Fund (IMF) also said on Tuesday that “the Swiss economy is showing some spark” and forecast growth in 2006 of more than two…

Read more: Swiss economy shows “spark”

Gotthard closure squeezes Ticino economy

This content was published on Jun 13, 2006 The last time the route was shut, for two months in 2001, the canton’s economy lost an estimated SFr33 million ($26.8 million). Losses this time are likely to be smaller, but still significant. Rock falls on May 31 on the motorway leading to the Gotthard tunnel forced the temporary closure of the route, and it…

Swiss Re ties up insurance deal

This content was published on Jun 12, 2006 The deal, which was announced last November, puts Swiss Re ahead of German rivals Munich Re and gives it a commanding position in the United States. The Swiss company said on Monday it expected cost synergies of at least $300 million (SFr371 million) a year, to be realised within the next 18 months. “The acquisition…

Treaty nurtures plant biodiversity

This content was published on Jun 12, 2006 According to the UN Food and Agriculture Organization (FAO), the future of agriculture depends on international cooperation and on the open exchange of crops and crops’ genes. The Commission on Genetic Resources for Food and Agriculture (CGRFA) is meeting for the first time and aims to ensure the conservation and sustainable use of genetic resources…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Pressure mounts over “abortion premiums”

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Central bank warns of further rate rises

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Art boom

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National Bank lifts key rate as economy surges

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Bike to work

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French insurer AXA swoops on Winterthur

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Swiss economy shows “spark”

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Gotthard closure squeezes Ticino economy

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Swiss Re ties up insurance deal

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Treaty nurtures plant biodiversity

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