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Swiss move closer to leaving tax-haven list

This content was published on Jul 23, 2009 The finance ministry said the accord, which will likely be signed in three to five months, meets standards set by the Organisation for Economic Co-operation and Development (OECD). It is designed, in part, to open avenues for administrative assistance when foreign authorities need to access account data held in Swiss banks to conduct domestic tax…

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Defending the cup

This content was published on Jul 23, 2009 Swiss billionaire Ernesto Bertarelli unveiled an impressive catamaran dubbed the Alinghi 5 that will defend the 33rd America’s Cup, scheduled to be held in February. The team sails under the colours of the Société Nautique de Genève.

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Roche optimistic despite drop in net profit

This content was published on Jul 23, 2009 Roche said its profit dropped to SFr4.1 billion ($3.8 billion) as a result of costs related to the acquisition of California-based biotechnology company Genentech earlier this year. The result was also short of an average forecast of SFr5 billion by analysts, but Roche shares rose because of its healthy underlying business in the pharmaceutical and…

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Credit Suisse exceeds expectations with Q2 profit

This content was published on Jul 23, 2009 The results announced on Thursday follow a first-quarter windfall of SFr2 billion, placing the bank’s profits for the first half of 2009 at SFr3.57 billion. Credit Suisse had posted a record loss of SFr8.2 billion in 2008. “Our strong second-quarter performance demonstrates that our client-focused, capital-efficient strategy is working very well and that our reduced-risk…

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SCIENCEesuisse

This content was published on Jul 22, 2009 SCIENCEsuisse is an introduction to the fascinating world of science, focusing on the country’s role as a centre for international research. The series, directed by leading Swiss filmmakers, profiles 25 outstanding researchers from a wide range of disciplines. We find out which projects top researchers are working on and what scientists are pondering in the…

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Visana quarantines staff after “risky” holidays

This content was published on Jul 22, 2009 It is now seeking expert advice on whether it has to pay employees affected by the move. Confirming a report in the Berner Zeitung newspaper, Visana spokesman Christian Beusch said staff had been informed of the measure earlier this year. Until now the company has not paid those employees affected by the one-week quarantine. Visana…

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Profit at Lonza takes a hefty fall

This content was published on Jul 22, 2009 The company said in a statement on Wednesday that profit had fallen from SFr267 million ($250 million) to SFr118 million. However, Basel-based Lonza pointed out that last year’s figure took into account a one-off gain of SFr91 million ($85.23 million) from the sale of its remaining stake in the Polynt company of Italy. On a…

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Will tax amnesties halt evasion?

This content was published on Jul 22, 2009 Critics argue that amnesties fuel rather than restrain tax evasion because they allow offenders to get off the hook. But some observers believe a combined crackdown on banking secrecy and amnesties could this time hurt havens. Italy wants to stage its third tax amnesty in nine years, hoping to raise some €5 billion (SFr7.6 billion)…

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Swiss exports suffer a record tumble

This content was published on Jul 21, 2009 The Federal Customer Office reported on Tuesday that exports had fallen by 23.5 per cent in June, and that exports and imports both dropped by 16 per cent in the first six months of the year – the largest decline ever recorded over a six month period. Switzerland’s trade balance posted a surplus of SFr1.57…

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A career woman changes her view of the financial system

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Swiss move closer to leaving tax-haven list

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Defending the cup

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Roche optimistic despite drop in net profit

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Credit Suisse exceeds expectations with Q2 profit

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SCIENCEesuisse

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Visana quarantines staff after “risky” holidays

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Profit at Lonza takes a hefty fall

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Will tax amnesties halt evasion?

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Swiss exports suffer a record tumble

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