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French cement position in Swiss building sector

This content was published on May 26, 2006 The deal will lead to a further concentration in Switzerland’s building industry in the wake of a merger of the country’s two leading construction companies earlier this year. Experts believe the deals are the result of a strategy which targets business abroad, but they say a wave of takeovers and mergers is unlikely. Switzerland’s construction…

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US-Swiss trade forum to boost bilateral ties

This content was published on May 25, 2006 The joint forum to boost economic relations is seen as a platform to negotiate a free-trade accord with Washington at a later stage after the failure of an initial project earlier this year. During a ceremony in Washington on Thursday Deiss said the Trade and Investment Cooperation Forum was important to maintain the smooth flow…

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Swiss bombproof bin tackles Paris trash

This content was published on May 25, 2006 Paris – which has banned rubbish bins from many districts for fear of terrorist attack – has shown interest. In some European cities, finding a rubbish bin is like looking for a needle in a haystack. In some tourist areas of Paris, such as the Champs-Elysées, rubbish bins are simply non-existent. The problem is not…

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Bern bourse has big ambitions

This content was published on May 25, 2006 After a difficult few years when even its future was in doubt, the Bern eXchange (BX) now has its sights on becoming a “nursery” for the Zurich-based SWX. “At the time of the merger of the Geneva, Basel and Zurich stock exchanges [in 1995], the Bern bourse decided there was room on the sidelines,” said…

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“Dr Doom” gives gloomy economic forecast

This content was published on May 24, 2006 The Zurich-born financial analyst, known as “Dr Doom”, predicts serious consequences for the American policy of printing more dollars to service a growing budget deficit. Faber reckons investors would be well advised to shift their investments to Asia, where assets are growing. This is a trend recognised by investment banks, which have begun moving wealth…

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Freeze on dictator’s assets partially lifted

This content was published on May 24, 2006 Switzerland blocked assets worth around SFr10 million ($8.3 million) in 1997, responding to a request from Zaire, since renamed the Democratic Republic of Congo. It was announced on Wednesday that the court had ruled in favour of a Swiss businessman, who acted as manager of Mobutu’s companies in Switzerland, and awarded him SFr2.35 million for…

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Wealth managers told to shape up

This content was published on May 24, 2006 Peter Wuffli said that many affluent clients are dissatisfied with the service received from bankers struggling to come to grips with an increasingly complicated sector. Wuffli, chief executive of Switzerland’s largest bank, warned that financial institutions had not yet found the right way to service this rapidly growing sector. Speaking at the Chartered Financial Analysts…

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Brazilian fever reaches shores of Lake Lucerne

This content was published on May 24, 2006 The defending champions, including superstar Ronaldinho, arrived in Switzerland for two weeks of training before the competition gets underway in Germany. Not only does Weggis have a brand new stadium, but the normally tranquil town of 3,886 residents seems to have gone Brazil-crazy. The country’s flags are everywhere while shops and restaurants have put out…

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Management pay packets expand

This content was published on May 24, 2006 The Handelszeitung, a Swiss economics weekly, surveyed the country’s 56 largest industrial firms, financial service providers and retail traders. Most of the companies are linked to the SWX Swiss Exchange, and the bank chiefs, many of whose salaries include variables such as stocks and options, did particularly well as a result of booming stock markets.…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Chocolate

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French cement position in Swiss building sector

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US-Swiss trade forum to boost bilateral ties

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Swiss bombproof bin tackles Paris trash

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Bern bourse has big ambitions

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“Dr Doom” gives gloomy economic forecast

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Freeze on dictator’s assets partially lifted

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Wealth managers told to shape up

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Brazilian fever reaches shores of Lake Lucerne

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Management pay packets expand

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