Archive – Banking & Fintech

SDC sponsors institutional change (MICROCREDIT)

This content was published on Oct 5, 2005 This project aimed to help the hundreds of rural financial institutions under the National Bank for Agriculture and Rural Development’s (Nabard) wing, one of which was NGB. Over five years, the Swiss provided SFr9.5 million ($7.34 million) or 40 per cent of the total cost of the programme. The rest was met by Nabard. The…

Top corporate salaries to be made public

This content was published on Oct 5, 2005 The Senate on Wednesday followed the House of Representatives in accepting the move, paving the way for more corporate transparency. Under the amended law, which is due to go to a final reading on Friday, about 300 companies listed on the Swiss stock exchange will have to disclose the salaries of individual board members and…

Parmalat strikes again at a Swiss bank

This content was published on Oct 4, 2005 It is seeking damages of €7.1 billion (SFr11 billion) from Credit Suisse First Boston (CSFB), which has described the claims as “unfounded”. Details of the action were contained in Italian newspapers on Tuesday. They outline the legal battle by Parmalat administrators against firms they say helped provoke the dairy giant’s collapse. Parmalat, which went insolvent…

Bern maintains support for export promotion

This content was published on Oct 4, 2005 After the Senate, the House of Representatives voted on Tuesday by 133 votes to 29 in favour of supporting the Business Network Switzerland (Osec). Osec is to receive the same amount it received in 2004 and 2005. The organisation, which has had the mandate to promote Swiss exports since 2002, was criticised in 2003 for…

Government recommends a “no” and a “yes”

This content was published on Oct 3, 2005 But it is calling on the electorate to vote in favour of allowing shops at major railway stations and airports to open on Sundays. The two issues go to a nationwide vote on November 27. Economics Minister Joseph Deiss told a news conference on Monday in Bern that a moratorium on GMOs in agriculture would…

Johnson motors its way to Saia-Burgess

This content was published on Oct 3, 2005 At the same time, Saia-Burgess announced it was continuing its expansion course, buying a company in the United States in the automotive business. Last week, Japan’s Sumida group pulled out of the race for Saia, agreeing to sell its 29.4 per cent stake to Johnson, clearing the way for the Hong Kong company to take…

Lingering at the “last beer stop before heaven”

This content was published on Oct 3, 2005 The brewery in the mountain village of Monstein above Davos is a paradise on earth for anyone with a head for hops and heights. Unlike wine, beer can be made anywhere. All you need is water, malted barley, hops and yeast. Add a talented brewer if you want good beer, and to market a new…

Convention parties consider chemical HQ idea

This content was published on Oct 1, 2005 The convention conference in Rome also granted Switzerland the chair of a committee that will propose the admission of new chemicals to the convention. The Rotterdam Convention, in force since 2004, regulates the international trade of certain hazardous chemicals. It stipulates that the export of the most dangerous pesticides and chemicals can only be authorised…

New petrol levy is put to the test

This content was published on Oct 1, 2005 Environmental organisations are critical of what they call this “pseudo alternative”, which they say only benefits the oil and gas industry. The so-called climate centime is expected to generate SFr100 million per year. The levy has been set at 1.5 centimes, but will later vary between 1.3 and 1.9 centimes. The scheme will run for…

Pre-summit talks fall on deaf ears

This content was published on Oct 1, 2005 The so-called PrepCom-3 was marked by accusations of press censorship in Tunisia and the United States’ refusal to loosen its grip on managing the internet. However, delegates on Friday agreed to meet again three days before the summit on November 16-18. “The past ten days haven’t been as successful as I hoped,” Marc Furrer, president…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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SDC sponsors institutional change (MICROCREDIT)

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Top corporate salaries to be made public

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Parmalat strikes again at a Swiss bank

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Bern maintains support for export promotion

More

Government recommends a “no” and a “yes”

More

Johnson motors its way to Saia-Burgess

More

Lingering at the “last beer stop before heaven”

More

Convention parties consider chemical HQ idea

More

New petrol levy is put to the test

More

Pre-summit talks fall on deaf ears

Popular Stories

Most Discussed