Archive – Banking & Fintech

Trade unions demand real salary increases

This content was published on Aug 8, 2005 Employers have reacted warily to the demands, which they say could put companies under more pressure as they attempt to cut spending and stay competitive. Union leaders claimed on Monday in Bern that this year’s wage talks were important both for political and for economic reasons. Federation president Paul Rechsteiner said that economic growth in…

Number of jobless drops further

This content was published on Aug 8, 2005 The jobless rate was cut from 3.6 to 3.5 per cent at the end of July, while the number of people seeking work also fell slightly. At the end of last month, 139,902 people were registered with local unemployment offices, 759 fewer than in June. The number of job-seekers nationwide dropped to 208,300, nearly 2,000…

WTO denies it wants to destroy Swiss farming

This content was published on Aug 6, 2005 In order to unblock the stalled Doha Round of trade-liberalisation negotiations, he does not intend to separate the agriculture dossier from other, less problematic, ones. “No one is going to force Switzerland to undertake devastating agricultural reforms,” Panitchpakdi said in an interview with the Geneva newspaper Le Temps on Saturday. He said it was acceptable…

Park bears the cost of bear hysteria

This content was published on Aug 5, 2005 Officials in canton Graubünden are hoping to avoid any trouble between the hordes of tourists coming to the Swiss Alps to see the bear and the area’s new furry visitor. The bear, the first to be seen in Switzerland for more than 100 years, was first spotted in the Swiss National Park in the east…

Swiss toy magnetises the world

This content was published on Aug 4, 2005 Even in China, big bucks are being forked out for Ticino-based Geomag’s pricey new toy. Essentially the game, also called “Geomag”, is something like a magnetised Lego with a few basic pieces. A nickel-plated steel sphere, a plastic rod with two permanent magnets at each end, and a steel plug positioned between the two magnets…

Bankers say “no” to more regulation

This content was published on Aug 3, 2005 The Swiss Bankers Association, the umbrella organisation of Switzerland’s banks, says it prefers “made-to-measure” solutions and not blanket state regulation. A Bankers Association statement on Wednesday was in response to a draft circular which the commission sent out for consultation in May. Spokesman Thomas Sutter told swissinfo that, although the association, in principle, supported the…

Americans acquire Ascom division

This content was published on Aug 3, 2005 Around 750 jobs will be affected as Ascom continues its strategy of selling off parts of its businesses, in this case its ticket machines and airport parking meters. The Bern-based company said it expects to make a high double-digit Swiss franc sum from the transaction. Analysts, however, said the sale price was at the lower…

Profits plunge at Credit Suisse

This content was published on Aug 3, 2005 The results included a SFr624 million after-tax charge to cover future litigation costs. Switzerland’s second largest bank netted SFr3.3 billion during the same period last year. Net profit at the Credit Suisse Group in the second quarter of 2005 fell to SFr919 million, well short of expectations. This is down from SFr1.5 billion in the…

Profit continues to rise at Saia-Burgess

This content was published on Aug 2, 2005 The firm said that net profit for the first six months was SFr17.8 million ($13.93 million) up by 11.3 per cent over the comparable period last year. Sales rose by 13.8 per cent to SFr314.6 million. Saia, which has rejected a bid from Japan’s Sumida Corporation, said all divisions had contributed to growth. The “marked”…

Bruin the bear goes for the bare necessities

This content was published on Jul 31, 2005 The owner of the calf, farmer Fadri Conrad, is taking the incident in his stride. The attack took place near the Ofen Pass in the southeastern Swiss canton of Graubünden. The killing was confirmed by gamekeeper Jon Gross who on Saturday morning inspected the mutilated body of the seven-day-old calf on an alp above Tschierv…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Trade unions demand real salary increases

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Number of jobless drops further

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WTO denies it wants to destroy Swiss farming

More

Park bears the cost of bear hysteria

More

Swiss toy magnetises the world

More

Bankers say “no” to more regulation

More

Americans acquire Ascom division

More

Profits plunge at Credit Suisse

More

Profit continues to rise at Saia-Burgess

More

Bruin the bear goes for the bare necessities

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