Archive – Banking & Fintech

Swiss SMEs follow Austrian route

This content was published on Feb 15, 2006 The SME Campus concept is based on a successful model that has been running in Austria for the past ten years. It stimulates innovation by promoting learning exchanges. The concept, backed by the Swiss Secretariat for Economic Affairs, large Swiss companies and multinationals active in Switzerland, is designed to improve competitiveness in an increasingly globalised…

Credit Suisse says it’s making good progress

This content was published on Feb 15, 2006 Income for the year was cut by SFr421 million after the group announced on Monday it was changing the way it accounted for share-based compensation awards. Net profit for the fourth quarter rose by 15 per cent to SFr1.103 billion, just below analysts’ forecasts. The figures did not seem to impress investors, with the share…

Arms sales plummet to five-year low

This content was published on Feb 14, 2006 The State Secretariat for Economic Affairs (Seco) said the sudden decrease was in line with regular fluctuations over the past years. Othmar Wyss of Seco said the latest figures could not be read as a new trend since they depended on the timing of a few major deals. Neighbouring Germany remained Switzerland’s best customer with…

UBS goes from strength to strength

This content was published on Feb 14, 2006 Switzerland’s largest bank said that total 2005 attributable profit was SFr14.029 billion, which included a net gain of SFr3.704 billion from the sale of three private banks and asset manager GAM to Bank Julius Bär. “As in 2004, we have achieved another record level of profit,” commented UBS chief executive Peter Wuffli. “Although markets clearly…

Spectacular Gotthard still steals the show

This content was published on Feb 14, 2006 It has everything a rail enthusiast could wish for: bridges galore, steep climbs and descents with spirals, and a 15-kilometre-long tunnel that has made a name for itself around the world. If there had been a cultural heritage prize when the Gotthard line opened for public traffic on June 1, 1882, it might well have…

Schwyz votes to remain a fiscal paradise

This content was published on Feb 12, 2006 The canton, which has one of the lowest corporate and personal tax rates in the country, is the second to revise its tax laws this year, after Obwalden did so on January 1. The vote centred on proposals to lower tax on the net assets of individuals and on share dividend income, which is subject…

Cybersquatters develop taste for .ch

This content was published on Feb 11, 2006 Since May 2004 the country’s “dispute resolution service”, operated by the Geneva-based World Intellectual Property Organization (WIPO), has dealt with 53 complaints. The Swiss figure represents 16 per cent of all country code domain name procedures handled by the WIPO’s arbitration and mediation centre since 1999. Cases have included battles by technology giant Hitachi over…

Schwyz vote heats up cantonal tax competition

This content was published on Feb 10, 2006 Schwyz has one of the lowest corporate and personal rates in Switzerland, but plans to slash the levy on wealth and share dividends. Residents of Schwyz will vote at the weekend on proposals to lower tax on the net assets of individuals and on share dividend income, which is subject to double taxation in Switzerland…

Switzerland reaches top ten in globalisation

This content was published on Feb 10, 2006 The Globalisation Index placed Switzerland in ninth place after comparing 23 economic, social and political variables between 1970 and 2003 in 123 countries. The Institute for Business Cycle Research (KOF) claims the index, released on Friday in Zurich, is the most comprehensive comparative study of its kind. Switzerland gets a high rating for global economic…

Broad economic growth set to continue

This content was published on Feb 10, 2006 The quarterly survey conducted in January added that economic growth was expected to continue over the next three to six months. KOF sent 7,800 questionnaires to people in the industrial, construction and services sectors. The rate of return was 56%. Respondents said rising industrial production was resulting in an increase in capacity utilisation. Companies that…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Swiss SMEs follow Austrian route

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Credit Suisse says it’s making good progress

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Arms sales plummet to five-year low

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UBS goes from strength to strength

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Spectacular Gotthard still steals the show

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Schwyz votes to remain a fiscal paradise

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Cybersquatters develop taste for .ch

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Schwyz vote heats up cantonal tax competition

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Switzerland reaches top ten in globalisation

More

Broad economic growth set to continue

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