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Switzerland keeps credit squeeze at bay

This content was published on Nov 22, 2008 There has been “no trace” of the squeeze according to polls of the Swiss National Bank by the State Secretariat for Economic Affairs (Seco) or in its dealings with banks and businesses, the department’s chief economist, Aymo Brunetti, said. “Credit terms have not become significantly more restrictive,” Brunetti told the economic review Finanz und Wirtschaft.…

Federal Railways adds more trains, food

This content was published on Nov 21, 2008 Swiss Federal Railways said on Friday that business and quiet compartments as well as dining carriages would be integrated into all IC compositions. There will also be more capacity on the line stretching from Geneva to Zurich, the railways said. Federal Railways CEO Andreas Meyer told a news conference in Bern that the network this…

Swiss alarmed by surge in Somali piracy

This content was published on Nov 21, 2008 The Swiss merchant navy is at risk, according to the Federal National Economic Supply Office. Swiss-based ship owners and shipping companies are also worried by the surge in Somali piracy. According to the International Maritime Organisation (IMO), there were 264 piracy attacks around the world in 2007. By September this year there had been 199.…

SNB cuts interest rates by 100 basis points

This content was published on Nov 20, 2008 Thursday’s surprise cut to the London Interbank Offered Rate was the third within a month and came as the SNB said there was a higher risk of a marked slowdown in economic activity in Switzerland next year. The cut followed a 50 basis point cut earlier in November and 25 basis points in October. Before…

Laser on Jungfraujoch gives CO2 clues

This content was published on Nov 20, 2008 At 3,471 metres on the Jungfraujoch, a saddle between the Mönch and Jungfrau summits, scientists have installed a Swiss-made laser device that can help determine the source of carbon dioxide (CO2), a main greenhouse gas. Until now climatologists interested in tracking CO2 levels in high-alpine regions have had to rely on individual samples painstakingly gathered…

Exports slump while trade surplus widens

This content was published on Nov 20, 2008 Figures released on Thursday by the Federal Customs Office showed they declined in real terms by 8.1 per cent compared with a year ago to SFr18.2 billion ($15 billion). Six out of ten sectors reported negative export growth, while the trade balance increased to SFr1.8 billion in October from SFr1.46 billion in September. Exports for…

Swiss voters ponder choices

This content was published on Nov 19, 2008 A poll conducted by the gfs.berne polling and research institute on behalf of the Swiss Broadcasting Corporation, swissinfo’s parent company, and published on Wednesday shows that voters may well play safe. Proposals to change the existing state of affairs as well as moves to introduce new laws both seem doomed to fail when they come…

Azeri energy on agenda in Swiss talks

This content was published on Nov 19, 2008 At a meeting in Bern, she told Elmar Mammadyarov that economic relations between the two countries could be extended yet further, a foreign ministry statement reported afterwards. Last year the two sides reached an agreement to make it easier for private enterprises to cooperate in the energy field, and to facilitate private investment in the…

Foundation stone laid for Zurich’s Prime Tower

This content was published on Nov 19, 2008 The tower, which will cost SFr355 million ($295.4 million), consists of the 126-metre-high tower itself and two adjacent buildings, Cubus and Diagonal. The complex is due to open in 2011. Prime Tower has a surface area of 39,500 square metres on 36 floors, which will be rented as offices only. The property company Swiss Prime…

Zurich retail rent ranks with world’s highest

This content was published on Nov 19, 2008 The study by Cushman & Wakefield, a global real estate firm, found average monthly rents on Zurich’s prime shopping street stood at SFr 61,400 ($51,269) for a 100-square-metre space, the 12th highest overall. “I’m not sure why the rent is so high,” Markus Hünig, president of the Bahnhofstrasse Association, told swissinfo. “If one of the…

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Switzerland keeps credit squeeze at bay

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Federal Railways adds more trains, food

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Swiss alarmed by surge in Somali piracy

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SNB cuts interest rates by 100 basis points

More

Laser on Jungfraujoch gives CO2 clues

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Exports slump while trade surplus widens

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Swiss voters ponder choices

More

Azeri energy on agenda in Swiss talks

More

Foundation stone laid for Zurich’s Prime Tower

More

Zurich retail rent ranks with world’s highest

Popular Stories

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