Archive – Banking & Fintech

WEF and Swiss pledge to tackle common future

This content was published on Jan 30, 2006 On the final day of the summit in the Swiss resort of Davos business leaders and top politicians also stressed the need for ethical values. The president and founder of the WEF, Klaus Schwab, on Sunday reiterated that the annual summit would remain committed to Switzerland. “Switzerland is one of the best places in the…

WEF gets lukewarm reaction from Swiss press

This content was published on Jan 30, 2006 While some dailies devoted several pages to the meeting’s end, there was still a dearth of commentary on the event itself in any of Switzerland’s main three national languages. Even the prestigious Neue Zürcher Zeitung gave its editoralists a day-off and left it at reports and a feature in Monday’s edition. One newspaper that did…

Swiss and US move towards trade talks

This content was published on Jan 28, 2006 The announcement comes ten days after the failure to agree on the terms for negotiations on a free-trade accord. Deiss held a second meeting with the US trade representative, Rob Portman, on Saturday on the sidelines of the World Economic Forum summit in the Swiss resort of Davos. He said both sides would now define…

Ministers agree to step up bid to trade deal

This content was published on Jan 28, 2006 They said agreement had been reached on a timetable for a deal on lowering barriers in major areas of the global economy. Swiss Economics Minister Joseph Deiss, who hosted the informal meeting of ministers from about 20 World Trade Organization (WTO) members, said he was optimistic that the latest round of talks on trade liberalisation…

Swiss and Russians sign trade agreement

This content was published on Jan 27, 2006 Switzerland and Russia on Friday successfully concluded bilateral negotiations on Moscow’s accession to the World Trade Organization (WTO). The agreement leaves Russia needing only the backing of the United States, Australia and Colombia out of the WTO’s 149 member states to complete the country-by-country part of the accession process. Deiss and his Russian counterpart, German…

Top banks forecast solid growth in 2006

This content was published on Jan 27, 2006 In their outlooks for the first quarter, the banks said business confidence was high and the economy was set to expand. A further sign that the economy was on track came from the KOF Institute for Business Cycle Research. KOF’s monthly indicator, which points to likely economic performance in about six months’ time, reached its…

National Bank unveils record profit

This content was published on Jan 27, 2006 In a statement on Friday, the SNB said SFr2.5 billion of that amount would be distributed to the federal authorities and cantons. The result compares with a profit of SFr400 million in 2004. “The 2005 annual result was extremely positive due to an extraordinary accumulation of favourable market trends,” the statement said. But the bank…

Swiss stick to their guns over trade deal

This content was published on Jan 26, 2006 Luzius Wasescha was speaking ahead of Friday’s meeting of around 30 trade ministers at the annual World Economic Forum session in Davos. The talks, hosted by Swiss Economics Minister Joseph Deiss, will mark the first time ministers have met since making limited progress on a global trade deal in Hong Kong last month. The 149…

Leuenberger pleads for a more creative world

This content was published on Jan 25, 2006 While Leuenberger called for the creation of a basic global market framework, German Chancellor Angela Merkel pleaded for free enterprise. Referring to the conference’s motto, “The Creative Imperative”, Leuenberger said that the world’s problems required creative solutions but that a framework was required for creativity to develop and free competition could not achieve that on…

Small investors favoured in Swisscom sell-off

This content was published on Jan 25, 2006 The finance ministry said in a statement it intended to offer shares at a special price to small investors in a bid to prevent Swisscom from falling into foreign hands. “The cabinet wants to ensure that in disposing of the shares, they should be spread as widely as possible,” it said. “In addition, small shareholders…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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WEF and Swiss pledge to tackle common future

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WEF gets lukewarm reaction from Swiss press

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Swiss and US move towards trade talks

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Ministers agree to step up bid to trade deal

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Swiss and Russians sign trade agreement

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Top banks forecast solid growth in 2006

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National Bank unveils record profit

More

Swiss stick to their guns over trade deal

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Leuenberger pleads for a more creative world

More

Small investors favoured in Swisscom sell-off

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