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Swiss rescuers leave Japan “with heavy hearts”

This content was published on Mar 16, 2011 The Swiss Agency for Development and Cooperation (SDC) said on Wednesday that Swiss rescue dogs had located one person on Tuesday, and Austrian and New Zealand rescuers had started the retrieval operation. swissinfo.ch spoke to team leader Ernst Bosshard in the northern town of Misawa as he waited there to fly home. He explained that his…

UBS bosses boost share of shrinking bonus pot

This content was published on Mar 16, 2011 Chief Executive Oswald Grübel again waived his bonus and the bank’s top earner saw his pay slashed with a greater portion of variable pay hinging on long-term targets. But some staff and shareholders remain unimpressed. With political and public pressure on “fat cat” bonuses showing little sign of relenting, the announcement of UBS’s compensation statistics…

Demand for fine chocolate boosts Lindt figures

This content was published on Mar 15, 2011 However, sales at the company, which has its headquarters outside Zurich, were up by just 2.2 per cent at SFr 2.6 billion, hurt by the strong Swiss franc against major currencies. “During the period of global recession, consumers had tended to move over to more low-priced private labels; however, as the upturn set in, the…

UBS pays a third more to its senior executives

This content was published on Mar 15, 2011 Published on Tuesday, the report said investment bank chief executive Carsten Kengeter was the highest paid executive for the second year running, although his total compensation was down as the business struggled. He received SFr9.3 million in pay and bonuses, compared with a total of SFr13 million in 2009. Earlier this month, UBS chief executive…

Raw materials trade takes off in Switzerland

This content was published on Mar 14, 2011 Geneva is fast becoming the raw materials distribution hub in the world, dominating the market in coffee, sugar, cotton and grains and oil seeds and set to overtake London as the number one oil trading centre, according to insiders. In addition to Geneva, oil, gas and metal traders have a large presence in Zug. Zurich,…

Job concerns stay close to the surface

This content was published on Mar 13, 2011 The HR Barometer 2011, by researchers at Zurich University and the Federal Institute of Technology Zurich (ETHZ), shows that around 30 per cent of people polled have concerns about their jobs – with ten per cent of these seriously worried. The survey, which was published on March 10, also found that half of respondents were…

Swiss on standby to help after Japan quake

This content was published on Mar 11, 2011 The spokeswoman of the UN Office for the Coordination of Humanitarian Affairs (OCHA) told Swiss television on Friday evening that although Japan had received offers from 68 search and rescue teams, initially it had accepted only those from the US, New Zealand, Australia and South Korea. Earlier on Friday the Swiss government had spoken of…

Senegalese farmers in David and Goliath fight

This content was published on Mar 11, 2011 Helping them in their struggle is Swiss Interchurch Aid, a Protestant organisation that funds a Senegalese association trying to find a way forward for local farmers. In the area around Lake Tanma, the wind stirs up so much dust that it’s hard to breathe. The lake forms during the rainy season. All around the effects…

Credit Suisse to pay $70m to settle suit

This content was published on Mar 11, 2011 In an agreement filed in Manhattan, the Swiss bank said it would settle with investors who purchased United States depositary shares of the company’s stock on the New York Exchange between February 15, 2007 and April 14, 2008. US residents who purchased Credit Suisse stock on the Swiss stock exchange during the period are also…

US tax probe tightens noose on Swiss banks

This content was published on Mar 9, 2011 The renewed offensive by the US tax authorities has alarmed the Swiss banking community, sparking fears of a second assault on banking secrecy and rumours regarding which banks may be next to face the music. One bank that has suffered from adverse conditions in the US is the Neue Zürcher Bank (NZB), that closed down…

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Swiss rescuers leave Japan “with heavy hearts”

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UBS bosses boost share of shrinking bonus pot

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Demand for fine chocolate boosts Lindt figures

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UBS pays a third more to its senior executives

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Raw materials trade takes off in Switzerland

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Job concerns stay close to the surface

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Swiss on standby to help after Japan quake

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Senegalese farmers in David and Goliath fight

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Credit Suisse to pay $70m to settle suit

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US tax probe tightens noose on Swiss banks

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