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Central bank moves again to dampen franc

This content was published on Aug 17, 2011 The central bank increased its supply of francs to SFr200 billion on Wednesday, adding to the SFr90 billion of extra liquidity it committed itself to providing in the last two weeks. The safe haven currency has inexorably increased in value since the financial sector meltdown as investors look for less risky places to stash their…

Prices cut on baby products and cosmetics

This content was published on Aug 17, 2011 Migros said it would reduce prices by up to 20 per cent on around 500 products from next Monday. The decision by the supermarket chain comes only days after its main competitor Coop said it would stop stocking about 100 products considered to be overpriced. Migros said the products to be marked down will include…

Zurich and Geneva among most expensive cities

This content was published on Aug 16, 2011 The annual study by Swiss bank UBS shows the effects of currency moves and compares prices and earnings in 73 cities worldwide for 122 goods and services. After Oslo, Zurich and Geneva, the next in line are Copenhagen, Stockholm and Tokyo. The American cities surveyed showed lower price levels than in previous years, with New…

The healing touch

This content was published on Aug 16, 2011 Traditional Chinese Medicine (TCM) offers patients a different approach to healing, which now has many adepts in the West as well. The doctor helps the patient to mobilise his or her own instincts to find the way to health. (swissinfo.ch, Shao Dahai, Yang Xudong).

Franc falls on talk of SNB euro target

This content was published on Aug 15, 2011 The franc hit all-time highs against the euro and the dollar last week as investors sought safe assets amid market turmoil and fears about government debt. The Swiss currency opened 2.9 per cent lower against the euro on Monday. The euro was worth 1.136 francs at close of buisiness, up from a record low of 1.007…

Sunny memories

This content was published on Aug 15, 2011 The “Sunny Memories” exhibition held at Harvard University in 2010 linked techological innovation – dyed solar cells – with creative design. (All pictures: Tonatiuh Ambrosetti / Daniela Droz)

Geneva looks east to diversify tourist sector

This content was published on Aug 15, 2011 Some 1.8 million people attended the Fêtes de Genève festival that ended on Sunday, but the figures were down from two million last year, most likely due to a clash with the Muslim holy month of Ramadan. Visitors from the Middle East were conspicuous by their absence at this year’s festival, said Paul Muller, president…

Transocean bids for Aker Drilling

This content was published on Aug 15, 2011 The offer price of 26.50 Norwegian crowns (SFr3.87) per share represents a 98.5 per cent premium over Friday’s close of 13.35 crowns for the company, which was spun off from Aker Solutions earlier this year. Aker Drilling operates two harsh-environment, ultra-deep-water semi-submersible rigs and is expected to take delivery in 2013 of two drill ships…

Supermarket cuts goods range over high prices

This content was published on Aug 14, 2011 The move, revealed in newspaper announcements on Sunday, comes shortly after an appeal by Economics Minister Johann Schneider-Ammann to businesses, supervisory bodies and consumers to help lower the prices of imported goods. The minister made the comments after presiding over a round table on August 10 to discuss how best the economy could deal with…

Tax deal “could cost SFr500 million”

This content was published on Aug 14, 2011 Patrick Odier, speaking in the SonntagsZeitung newspaper on Sunday, added that a separate tax agreement with Britain was expected over the coming weeks. Odier said that banks favoured further deals with Italy, France and the United States, while the association’s CEO, Claude-Alain Margelisch, told the Der Sonntag newspaper that the German accord, which was announced…

Internal: Archive

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Internal: Archive

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Central bank moves again to dampen franc

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Prices cut on baby products and cosmetics

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Zurich and Geneva among most expensive cities

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The healing touch

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Franc falls on talk of SNB euro target

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Sunny memories

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Geneva looks east to diversify tourist sector

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Transocean bids for Aker Drilling

More

Supermarket cuts goods range over high prices

More

Tax deal “could cost SFr500 million”

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