Archive – Banking & Fintech

Watch exports for 2005 break all records

This content was published on Feb 2, 2006 The news comes as Swatch, the world’s largest watchmaking concern, announced group gross sales for 2005 had risen by 8.3 per cent, boosted by luxury watch brands. “The year 2005 thus clearly established a new record by exceeding the SFr12 billion mark for the first time and surpassing by 10.9 per cent the already high…

Drug giants battle for supremacy

This content was published on Feb 1, 2006 Thanks to a stronger pipeline and greater activity in the generics market, Novartis could outshine Roche in 2007, Birgit Kulhoff, a healthcare analyst with Rahn & Bodmer bank, tells swissinfo. Roche reported record sales and operating growth on Wednesday with pharmaceutical sales increasing four times faster than the global market thanks to the success of…

Music firms hit pause button over new tax

This content was published on Feb 1, 2006 They have written to the Federal Court asking for a postponement so they can contest the new tariffs for authors’ rights, which they claim are “astronomically high”. The tax will affect three different product categories: digital music players with flash memory (MP3s); hard drive-based music players (iPods); and audio/video recorders with a built-in hard drive.…

Roche shines in its annual operations

This content was published on Feb 1, 2006 Basel-based Roche, which includes the world’s leading diagnostics business, announced on Wednesday that group sales rose by 20 per cent to more than SFr35 billion ($27.39 billion). Net income was SFr6.73 billion or five per cent below the 2004 figure which had been influenced by income of SFr2.3 billion from the divested consumer health business.…

Greenspan effect did much for Switzerland

This content was published on Jan 31, 2006 Swiss homeowners – the most heavily indebted in the world – have benefited particularly from Greenspan’s achievement in bringing down the long-term cost of debt. Greenspan, 79, is revered in the US and beyond for keeping the American economy, and indirectly the world economy, stable and out of recession. Among economists he has the status…

A perfect day in Geneva

This content was published on Jan 31, 2006 swissinfo asks two English-speaking expats with their finger firmly on Geneva’s pulse for the inside track on how to turn a blank canvas of a day into a memorable masterpiece. “I would start my day with breakfast in the Old Town, ideally after waking up in the Hotel les Armures,” says full-time mother Ann Broome,…

Holcim further cements its position in India

This content was published on Jan 31, 2006 Holcim on Tuesday announced it had paid 21 billion rupees for a 14.8-per-cent stake of India’s Gujarat Ambuja Cements (GACL). It has also offered to buy up to an additional 20 per cent of the firm for $560 million. The move is the latest by Holcim in what has become the world’s second-largest cement market.…

Ciba’s textile woes lead to loss

This content was published on Jan 31, 2006 The Swiss chemicals giant said net profit would have been SFr364 million, down three per cent from 2004, if restructuring and other charges had not been taken into account. “2005 has been the most challenging year for the company since its foundation,” Ciba Speciality Chemicals chief executive Armin Meyer commented in statement on Tuesday. Sales…

Policymakers grapple with online content

This content was published on Jan 30, 2006 The 350 delegates attending the meeting are exploring how government policy should respond to the rapid changes in content production, delivery and use. Jointly organised by Organisation for Economic Co-operation and Development, (OECD) and the Italian technology minister, the conference aims to improve understanding of the implications of the rapid development and changing distribution of…

Tattooists told to clean up their act

This content was published on Jan 30, 2006 Tattoos are hip, edgy and more popular than ever, with American rapper Eminem leading the way. He has an open grave and the words “Rot in Pieces” etched into his chest. It may be cool, but being drilled into is not safe at all, according to a European Commission report published in 2003, which lists…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Watch exports for 2005 break all records

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Drug giants battle for supremacy

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Music firms hit pause button over new tax

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Roche shines in its annual operations

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Greenspan effect did much for Switzerland

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A perfect day in Geneva

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Holcim further cements its position in India

More

Ciba’s textile woes lead to loss

More

Policymakers grapple with online content

More

Tattooists told to clean up their act

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