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Credit Suisse goes CoCo to placate critics

This content was published on Jul 18, 2012 Immediate steps will add SFr8.7 billion ($8.9 billion) to the bank’s capital, including a 3.8 billion CoCo issue to existing investors such as Qatar, the Olayan Group and Singapore-based Temasek. It will also exchange 1.7 billion of hybrid securities into notes which count towards Tier 1 capital. “The measures we have announced today should eliminate…

High-tech gives textile industry new life

This content was published on Jul 16, 2012 There has been a lot of buzz about the Swiss Solar Impulse project, which aims to fly the first solar-powered plane around the world in 2014. But who’s thinking about what the pilot will wear? Textile engineers at the Swiss Federal Laboratories for Materials Science and Technology (Empa) have been and it won’t be your typical…

Tax breaks for elderly meet resistance

This content was published on Jul 14, 2012 Supporters from the major centre-right and right wing parties argue the proposal is very much in line with a “typical Swiss virtue of living a debt-free life” as Hans Egloff, president of the Home Owners Association puts it. According to the campaigners the tax system currently penalises those home owners who have paid off their…

German taxman reported to buy new CD of data

This content was published on Jul 14, 2012 The Financial Times Deutschland reported on Saturday that tax authorities in North Rhine-Westphalia in Germany’s west had authorised the payment of €3.5 million (SFr4.21 million) for the CD. Coutts is a subsidiary of the Royal Bank of Scotland. The paper first reported existence of the CD in November last year. But in an email response…

European tax probes are headache for Swiss banks

This content was published on Jul 11, 2012 At the same time, German newspaper the Handelsblatt has reported that up to 7,000 Credit Suisse clients are being targeted by a separate tax evasion investigation in Germany. French prosecutors searched UBS offices in Bordeaux on Tuesday, reportedly looking for evidence that the bank had helped wealthy clients to illegally funnel money into Switzerland under…

Growing up gay

This content was published on Jul 11, 2012

Study shows improvement in corporate transparency

This content was published on Jul 10, 2012 Released on Tuesday, “Transparency in Corporate Reporting: An assessment of the World’s Largest Companies” analysed publicly available information from the websites of the world’s 105 largest companies. Overall, when the three areas examined by TI were combined, Swiss company Novartis ranked 12th, followed by Roche, 31, Nestlé, 34, and Credit Suisse, 44. At the top…

Austria ratifies tax deal

This content was published on Jul 6, 2012 The Social Democrat and Conservative parties, both members of the governing coalition, voted in favour of the accord, which should come into force on January 1. The Swiss parliament had already ratified it during its summer session. Austrian Finance Minister Maria Fekter told parliament that it would be wishful thinking to expect the Swiss to…

Rebuilding Libya a low priority for Swiss firms

This content was published on Jul 6, 2012 While some firms may be coy about revealing their interests, it appears that others have been put off by the arrest and imprisonment of ABB workers in 2008 and the continued unpredictability in the country ahead of this week’s elections. Not even the lure of lucrative contracts to rebuild Libya’s war-torn infrastructure and the presence…

Novel ways of caring for dementia

This content was published on Jul 5, 2012

Internal: Archive

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Internal: Archive

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Credit Suisse goes CoCo to placate critics

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High-tech gives textile industry new life

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Tax breaks for elderly meet resistance

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German taxman reported to buy new CD of data

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European tax probes are headache for Swiss banks

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Growing up gay

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Study shows improvement in corporate transparency

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Austria ratifies tax deal

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Rebuilding Libya a low priority for Swiss firms

More

Novel ways of caring for dementia

Popular Stories

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