Archive – Banking & Fintech

Adecco probe ends with no action

This content was published on Mar 8, 2005 The inquiry was opened last year by the US market watchdog following the late reporting of results by Adecco, a move which cost investors billions of dollars. “The staff of the US Securities and Exchange Commission has notified Adecco that its investigation of the group has been terminated and that no enforcement action has been…

High-speed rail connections are mostly on track

This content was published on Mar 8, 2005 The House of Representatives on Tuesday joined the Senate in approving the finance, despite calls from the government and the rightwing Swiss People’s Party for savings. The decision means that all but two of 14 projects in the west and east of the country will go ahead, and is being seen as victory for regional…

Clariant boosts profit

This content was published on Mar 8, 2005 But the company, which is based near Basel, reported a fourth-quarter loss of SFr20 million because it had restructuring costs and did not repeat asset sales that helped results the previous year. Sales rose by six per cent in Swiss francs to SFr8.53 billion, while operating income increased from SFr499 million in 2003 to SFr530…

IMF says fiscal and monetary policy not enough

This content was published on Mar 7, 2005 But the latest IMF report also advised the Swiss to press ahead with structural reforms to increase sustainable growth and ensure the funding of the welfare system. In its annual assessment of the Swiss economy, the IMF welcomed the return of economic growth in Switzerland and the results in the financial sector. It said Switzerland’s…

Are the Irish richer than the Swiss?

This content was published on Mar 7, 2005 But Ulrich Kohli, a member of the governing board of the Swiss National Bank, told a conference in Zurich that a closer look at the figures made him “rather sceptical”. The OECD figures, published in January based on data from 2002, have fanned the flames of the already lively debate about Switzerland’s economic “growth deficit”.…

Check-up for doctors accused of malpractice

This content was published on Mar 6, 2005 It is estimated that mistakes are responsible for up to 3,000 deaths a year in Switzerland. According to the NZZ am Sonntag newspaper, the government wants to act quickly in order to have a law approved by parliament by the end of the year. “It’s our intention that hospitals will be obliged by law to…

Federalism is not cure for all political ills

This content was published on Mar 6, 2005 In an interview with swissinfo, former justice minister Arnold Koller says that increasing regionalisation in the world could leave Switzerland more isolated. Koller, who heads a working group on federalism and international relations, was one of more than 600 politicians and experts from around 80 countries attending the conference, which ended on Saturday. Many argued…

Visiting the world’s smallest city

This content was published on Mar 5, 2005 And you would certainly think there would be more than nine people living within its medieval walls. What appears today as a sleepy little hamlet tucked away in the southeastern corner of the country was once a rather princely place. In the 14th century, Fürstenau (Fürst = prince) officially became a city when it was…

French banker found dead in Geneva

This content was published on Mar 4, 2005 The justice authorities have begun an investigation into the death of Stern, who was considered a leading figure in the banking world. Geneva magistrate Michel Graber said in a television interview on Thursday evening that investigators thought it likely that Stern even opened the door to his attacker. “There is no doubt that there was…

Broadband giants battle for TV market

This content was published on Mar 3, 2005 Swisscom said on Wednesday that it would launch a new digital recording service, Bluewin TV 300, as a first step towards the introduction of a full-scale TV-over-Internet offer later this year. The former state-run monopoly – still majority-owned by the federal government – is one of several European telecoms firms investing in TV services as…

Archive – Banking & Fintech

Popular Stories

Most Discussed

Archive – Banking & Fintech

More

Adecco probe ends with no action

More

High-speed rail connections are mostly on track

More

Clariant boosts profit

More

IMF says fiscal and monetary policy not enough

More

Are the Irish richer than the Swiss?

More

Check-up for doctors accused of malpractice

More

Federalism is not cure for all political ills

More

Visiting the world’s smallest city

More

French banker found dead in Geneva

More

Broadband giants battle for TV market

Popular Stories

Most Discussed