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Swatch leaves financial crisis in fine shape

This content was published on Jan 20, 2010 The world’s largest watchmaking concern said that 2009 sales had fallen by 6.3 per cent compared with the previous year when adjusted for currency swings and 2008 divestments. In a statement, the Biel-based group said that there had been a significant rebound in sales in the second half of 2009, with a “phenomenal” record month…

Migros Bank adds assets, customers

This content was published on Jan 19, 2010 Net client money at Migros Bank, a cooperative, rose to SFr25.5 billion last year as it added 59,000 customers. Gross profit rose by 8.6 per cent, it said. The results are another sign that clients are pulling money out of struggling bank UBS. Analysts expect UBS to post its first quarterly profit for over a…

New British tax eats into Credit Suisse bonuses

This content was published on Jan 19, 2010 Its bonus cuts for top managers in Britain will be deeper, the Zurich-based bank said. Swiss Finance Minister Hans Rudolf-Merz has rejected the idea of introducing a British-style tax on bonuses in Switzerland. Bonuses of 400 Credit Suisse managing directors in Britain will be cut by 30 per cent, spokesman Andres Luther said. Credit Suisse…

Suitable housing out of reach for disabled

This content was published on Jan 19, 2010 The organisation said that only about 12 per cent of apartments on the market are fitted for people depending on wheelchairs. Of those, only one in three are rental units. The findings are based on a nationwide survey carried out last September. Social security subsidies intended to encourage people to live outside homes for the…

New biodiesel factory fuels energy debate

This content was published on Jan 19, 2010 The company, Green Bio Fuel, has received permission from authorities in canton Aargau to build a factory that could generate enough biodiesel to help Switzerland meet its target of reducing carbon dioxide emissions to ten per cent of 1990 levels. The facility will have the capacity to produce 130 million litres of biodiesel a year,…

Swiss steer clear of proposed US bank levy

This content was published on Jan 19, 2010 Banks UBS and Credit Suisse would almost certainly be forced to contribute to the proposed US levy, but they and other Swiss institutions would not face the same decision-making shackles as US counterparts. US President Barack Obama announced plans last week to recoup some $117 billion (SFr120 billion) of taxpayers’ money over the next decade…

Quiet optimism on display at Geneva watch fairs

This content was published on Jan 18, 2010 Cautious optimism is on show in Geneva alongside pricey new wristwatches at the 20th Salon International de la Haute Horlogerie (SIHH) and the new Geneva Time Exhibition, which features small independent brands. “We shouldn’t count our chickens before they’ve hatched at the end of the salon, but we are much more serene than last year,”…

Ad revenues continue to plummet

This content was published on Jan 18, 2010 They recorded a fall in ad revenue of around 30 per cent last year, said WEMF, a media advertising analysis firm, on Monday. Overall, Swiss press revenues fell by 20.4 per cent in 2009 to SFr1.59 billion ($1.55 billion), WEMF said. In 2008, ad spending dropped six per cent. Particularly striking in the 2009 figures…

Sex, lies and orchids

This content was published on Jan 16, 2010 The international study, involving Zurich University’s Florian Schiestl, is published in the January edition of The American Naturalist. “Orchids are special. They are maybe the world champions in having evolved diversity of pollination systems,” Schiestl, a professor at the university’s Institute of Systematic Botany, told swissinfo.ch. Most flowering plants reward pollinators, such as bees, wasps…

OECD gives mostly good marks for Swiss economy

This content was published on Jan 15, 2010 But the Organisation for Economic Co-operation and Development recommends the Swiss authorities pursue reforms on surveillance of the financial markets, and on economic and monetary policy. In its report, the OECD said the financial system had weathered the global financial crisis – despite severe losses incurred by its two largest banks and a considerable loss…

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Internal: Archive

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Swatch leaves financial crisis in fine shape

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Migros Bank adds assets, customers

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New British tax eats into Credit Suisse bonuses

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Suitable housing out of reach for disabled

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New biodiesel factory fuels energy debate

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Swiss steer clear of proposed US bank levy

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Quiet optimism on display at Geneva watch fairs

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Ad revenues continue to plummet

More

Sex, lies and orchids

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OECD gives mostly good marks for Swiss economy

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