Archive - Banking & Fintech Archives - Page 902 of 1641

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Rule breakers win economic award

This content was published on May 12, 2006 The organisers chose a company with binding technology with potential medical applications, a family entrepreneur and a clever restaurant owner. The winners, representing one of three categories – high-tech/biotechnology, trade/industry and services – will share SFr75,000 ($62,000) in prize money. The award is aimed at encouraging innovative companies less than six years old or bought…

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“Don’t be afraid of China” urges Blocher

This content was published on May 11, 2006 Blocher drew parallels to concerns in the 1980s that Japan’s industry would upstage Switzerland by mass producing goods such as watches at a cheaper price. The packed conference of small and medium-sized business (SME) bosses was warned on Thursday to respect their Asian counterparts and advised to focus on their own strengths rather than compete…

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Swiss firms profit from oil boom

This content was published on May 11, 2006 Companies that produce and maintain equipment for oil and gas production, such as ABB, Sulzer and Burckhardt Compression, have seen sales and revenue climb significantly as a result of the boom. Swiss-Swedish industrial giant ABB generates around $3 billion a year in revenues from the oil and gas industries. The company produces a range of…

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Small firms learn to “break the rules”

This content was published on May 11, 2006 The two-day event in the town of Thun in canton Bern will focus on young businesses, the best of whom will be presented with the Swiss Economic Award. “Breaking the Rules” is the slogan of the forum, but the 1,200 participants are not being encouraged to engage in shady business activities. “Breaking the Rules is…

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Price war threatens pillar of Swiss industry

This content was published on May 11, 2006 The Swiss retail industry represents an annual SFr75 billion ($61.5 billion) of added value and accounts for every fifth job. It also plays an important social role, says the economics research group BAK Basel Economics. The report was commissioned on behalf of a retailers’ association for the six major Swiss retailers: Migros, Coop, Manor, Denner,…

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IMD study shows mixed competitive result

This content was published on May 11, 2006 Although the country does well in terms of its financial system and the stock exchange, economic credibility, infrastructure, comparatively low unemployment and inflation, its low economic growth drags it down. “On the one hand we see that the international economy is performing very well. We have seen this in certain industry sectors like banking and…

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Parliamentarians reject Swisscom sale

This content was published on May 10, 2006 Late last year the government made a surprise move to sell its 62.45 per cent stake, a move that would boost the state’s coffers by up to SFr16 billion ($13.12 billion). In the House of Representatives, a slim majority of centre-right Christian Democrats, centre-left Social Democrats and Greens overcame the supporters of the project, the…

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CS pays to settle Enron bankruptcy claim

This content was published on May 10, 2006 The amount agreed is in a draft settlement of claims against United States subsidiaries of Switzerland’s second-largest banking group. Under the terms of the settlement with Credit Suisse First Boston and Donaldson Lufkin & Jenrette (DLJ), Enron’s bankruptcy estate will in return allow $92 million in claims from Credit Suisse. CS said in a statement…

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Swisscom profit falls as sell-off is debated

This content was published on May 10, 2006 Switzerland’s leading telecommunications company said on Wednesday that its net profit for the first three months of the year was SFr460 million ($377.1 million). This was 11.5 per cent less than for the comparable period last year. Turnover was SFr2.375 billion, down 2.9 per cent. As a result of a share buyback programme last year…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Gold rush

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Rule breakers win economic award

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“Don’t be afraid of China” urges Blocher

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Swiss firms profit from oil boom

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Small firms learn to “break the rules”

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Price war threatens pillar of Swiss industry

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IMD study shows mixed competitive result

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Parliamentarians reject Swisscom sale

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CS pays to settle Enron bankruptcy claim

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Swisscom profit falls as sell-off is debated

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