Archive – Banking & Fintech

Novartis targets expansion in Asia

This content was published on Jan 19, 2006 Executives refused to comment on future acquisition plans, but big money deals were listed as fourth priority behind organic growth, partnerships and small buyouts in their performance report. Novartis splashed SFr14 billion on takeovers last year, taking a sizeable chunk out of operating margins, which sank 0.9 per cent from 2004. Daniel Vasella, the company’s…

Supermarket moves into wealth management

This content was published on Jan 19, 2006 Migros Bank on Thursday launched a premium banking service for clients with assets of SFr250,000 ($195,000). The high-street bank is the latest in Switzerland to make inroads into the more remunerative wealth-management sector. In the public mind there exist three main banking groups in Switzerland: private banks catering to the wealthy; large banks such as…

US free-trade deal on shaky ground

This content was published on Jan 18, 2006 On Wednesday the Swiss cabinet asked Deiss to look at the feasibility of such an agreement, now that exploratory talks have come to an end without clear progress. Following the discussion with cabinet and the conclusion of the initial talks, Deiss played down hopes of a deal. He told a press conference in the Swiss…

India offers many possibilities for Swiss firms

This content was published on Jan 18, 2006 Probst, a lawyer, is part of an economics delegation that is accompanying Swiss Economics Minister Joseph Deiss on a five-day official visit to the country. “Trade relations are far from what they could be… I would really wish to see them improve much more and faster. We have been talking about the opportunity of India…

Former Swissair executive gives film thumbs-up

This content was published on Jan 18, 2006 Matthias Mölleney turned from advisor to actor on Grounding, as he relived events before he had to hand out thousands of redundancy notices in October 2001. Mölleney plays a cameo role in the film that is out on general release in Switzerland on Thursday. swissinfo: Does the film realistically portray actual events? Matthias Mölleney: The…

Swiss Re plans mass layoffs

This content was published on Jan 18, 2006 The announcement came as managers of both companies were meeting this week to discuss the group’s future leadership. Swiss Re chief executive Jacques Aigrain is quoted in Wednesday’s German-language edition of the Financial Times newspaper as saying that up to 15 per cent of the combined workforce of Swiss Re and General Electric’s Insurance Solutions…

Deiss leads trade offensive to India

This content was published on Jan 18, 2006 Deiss will meet political and economic leaders in Calcutta and Bangalore before a final stop-off in New Delhi. He is due to hold talks in the capital with the Indian commerce and industry minister, Kamal Nath, and the finance minister, P Chidambaram. A meeting with the prime minister, Manmohan Singh, is also scheduled. Switzerland says…

No end in sight for East Africa drought

This content was published on Jan 17, 2006 The warning comes as Switzerland prepares to join the countries concerned, aid agencies and the United Nations at a donor and coordination meeting in Nairobi on Thursday. According to the UN World Food Programme (WFP), millions of people across the Horn of Africa are in urgent need of food supplies. On Tuesday the WFP said…

Falling cigarette prices prompt health concern

This content was published on Jan 17, 2006 Health campaigners are concerned that lower prices will drive up tobacco consumption and are calling instead for cigarette prices to be increased. Philip Morris, one of the three big tobacco names in Switzerland, said the price of a packet of cigarettes could fall by up to half a franc ($0.39). Spokesman Marc Fritsch told Swiss…

Politics limits Swiss ability to innovate

This content was published on Jan 17, 2006 The EU Innovation Scoreboard 2005, published last week, ranks Switzerland second behind Sweden and ahead of the US and Japan. The Scoreboard ranks 33 countries based on the innovativeness of their industries, businesses and science institutes, measuring such factors as the number of science and engineering graduates, patents, spending on research and development (R&D) and…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Novartis targets expansion in Asia

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Supermarket moves into wealth management

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US free-trade deal on shaky ground

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India offers many possibilities for Swiss firms

More

Former Swissair executive gives film thumbs-up

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Swiss Re plans mass layoffs

More

Deiss leads trade offensive to India

More

No end in sight for East Africa drought

More

Falling cigarette prices prompt health concern

More

Politics limits Swiss ability to innovate

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Most Discussed