Archive – Banking & Fintech

Swiss regional banks among Europe’s strongest

This content was published on Mar 9, 2006 S&P said it expects the cantonal banks’ strong financial and business profiles to be sustained. The report said this vote of confidence was based on “the stability of underlying revenues, cost control, the sound shape of Swiss property markets and continued earnings retention”. “Swiss cantonal banks have been unfazed by the low interest and low…

Swiss stock up for times of crisis

This content was published on Mar 9, 2006 The country has a longstanding disaster preparedness strategy, which includes stocking up on rice, sugar, petrol and medicines to ensure that its citizens never go short. Stockpiling is the job of the Federal Office for National Economic Supply. Currently it has SFr6 billion ($4.6 billion) worth of goods in its warehouses. The supplies are meant…

New Swisscom strategy toes government line

This content was published on Mar 8, 2006 Switzerland’s largest telecommunications firm intends to consolidate its core business, expand into healthcare and banking and exploit underdeveloped markets in emerging European economies. Professor Matthias Finger of the Federal Institute of Technology in Lausanne believes all three pillars of the plan are logical steps, but he warned that it concentrates too much on services at…

swissinfo upgrade 05

This content was published on Mar 8, 2006 swissinfo lent an ear to an editor of a guidebook on Zurich for parents and a classical musician with a penchant for the works of former Zurich resident, James Joyce. Andrea Bader Rusch is aghast when I suggest that Tibits – the vegetarian restaurant where we meet at her suggestion – is the Swiss version…

Profit jumps but revenue falls at Swisscom

This content was published on Mar 8, 2006 But sales at Switzerland’s leading telecommunications company declined by 3.2 per cent, mainly because of two one-off charges, to SFr9.732 billion. The company’s fortunes have been much in focus in recent weeks after the Swiss government – the major stakeholder in the company – crushed Swisscom plans to expand abroad, notably in Ireland. The dispute…

Holcim cements groundbreaking China deal

This content was published on Mar 7, 2006 Holcim will be the first to use a pilot scheme that lets foreign companies take controlling stakes in listed firms by buying shares mostly limited to domestic investors. Holcim, the world’s second-largest cement maker, will expand its stake in the mid-sized Huaxin Cement to more 50.3 per cent from 26.1 per cent. The deal will…

Jobless rate dips after seven months

This content was published on Mar 7, 2006 The State Secretariat for Economic Affairs (Seco) reported on Tuesday that the non-seasonally adjusted figure was down from 3.9 per cent the previous month. The figure of 150,099 unemployed was 4,105 fewer than the previous month. Seco said in a statement from its headquarters in Bern that the number of job seekers fell by 3,431…

Bern’s buses soon to be powered by sewage gas

This content was published on Mar 6, 2006 Construction work is underway on a pipeline to connect the Bern sewage works to the natural gas network, which will supply the city’s bus depot. Bernmobil, which runs tram and bus services in the capital, expects the first 32 Volvo gas-powered buses to be delivered in May. As the rest of the fleet becomes obsolete,…

IMF calls for more structural reforms

This content was published on Mar 6, 2006 However, in its annual report on Switzerland, which was released on Monday, the IMF also had words of praise, assessing the prospects for the Swiss economy as “positive”. Economic growth in the coming year is expected to continue to benefit from the gradual recovery in the euro area and strengthened domestic demand, said a statement…

Social security to dominate spring session

This content was published on Mar 6, 2006 Health premiums and hospital funding schemes as well as development aid are among the wide range of issues under discussion. The House of Representatives will dedicate several days to debating the government’s plans to shore up the ailing state invalidity benefit scheme. The fund in 2005 posted a SFr1.7-billion ($1.3-billion) deficit and debts soared to…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Swiss regional banks among Europe’s strongest

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Swiss stock up for times of crisis

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New Swisscom strategy toes government line

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swissinfo upgrade 05

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Profit jumps but revenue falls at Swisscom

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Holcim cements groundbreaking China deal

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Jobless rate dips after seven months

More

Bern’s buses soon to be powered by sewage gas

More

IMF calls for more structural reforms

More

Social security to dominate spring session

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