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Bankers say “no” to more regulation

This content was published on Aug 3, 2005 The Swiss Bankers Association, the umbrella organisation of Switzerland’s banks, says it prefers “made-to-measure” solutions and not blanket state regulation. A Bankers Association statement on Wednesday was in response to a draft circular which the commission sent out for consultation in May. Spokesman Thomas Sutter told swissinfo that, although the association, in principle, supported the…

Americans acquire Ascom division

This content was published on Aug 3, 2005 Around 750 jobs will be affected as Ascom continues its strategy of selling off parts of its businesses, in this case its ticket machines and airport parking meters. The Bern-based company said it expects to make a high double-digit Swiss franc sum from the transaction. Analysts, however, said the sale price was at the lower…

Profits plunge at Credit Suisse

This content was published on Aug 3, 2005 The results included a SFr624 million after-tax charge to cover future litigation costs. Switzerland’s second largest bank netted SFr3.3 billion during the same period last year. Net profit at the Credit Suisse Group in the second quarter of 2005 fell to SFr919 million, well short of expectations. This is down from SFr1.5 billion in the…

Profit continues to rise at Saia-Burgess

This content was published on Aug 2, 2005 The firm said that net profit for the first six months was SFr17.8 million ($13.93 million) up by 11.3 per cent over the comparable period last year. Sales rose by 13.8 per cent to SFr314.6 million. Saia, which has rejected a bid from Japan’s Sumida Corporation, said all divisions had contributed to growth. The “marked”…

National Day speech for Swiss Abroad 2005

This content was published on Aug 1, 2005 To all Swiss AbroadFellow compatriots far from homeDistinguished guests at this year’s National Day celebrations Bonsoir, Buona sera, Buna Sera, Guete’n Obe, Good Evening! On whichever continent, in whichever city you are attending this year’s National Day celebrations: The church bells of Attiswil – the home of my ancestors at the foot of the Jura…

Bruin the bear goes for the bare necessities

This content was published on Jul 31, 2005 The owner of the calf, farmer Fadri Conrad, is taking the incident in his stride. The attack took place near the Ofen Pass in the southeastern Swiss canton of Graubünden. The killing was confirmed by gamekeeper Jon Gross who on Saturday morning inspected the mutilated body of the seven-day-old calf on an alp above Tschierv…

WTO farm talks fail to make progress

This content was published on Jul 29, 2005 The negotiations, which took place in Geneva, are seen as crucial if member countries of the World Trade Organisation are to agree wide-ranging trade liberalisation by the end of the year. G10 ministers said they remained firmly opposed to “the capping of agricultural tariffs at a specific level”, in response to a proposal earlier this…

Saia-Burgess goes on the offensive

This content was published on Jul 29, 2005 On Friday a full-page advert appeared in the French-language business daily, l’Agefi, denouncing the attacks by the Japanese Sumida Corporation. The move comes two days after Sumida’s chairman, Shigeyuki Yawata, went on a public relations offensive over the affair, saying while the offer still stood, he did not intend to split up the company. The…

Swiss National Bank back in the black

This content was published on Jul 29, 2005 This year’s “extremely positive results” compare with last year’s loss for the same period of SFr0.9 billion. The distributable profit is the amount of the annual profit shared out to the federal authorities and the country’s 26 cantons. It is worked out taking into account provisions allowing the bank to maintain the currency reserves at…

Switzerland sweats on hottest day of year

This content was published on Jul 28, 2005 But the rise in temperatures brought a dramatic increase in ozone concentrations, in some places measuring 198 micrograms per cubic metre – about 30 per cent above permitted levels. New temperature highs for this year were also recorded in Chur in eastern Switzerland (35.4°C), in Sion in canton Valais (35.2°C) and in Basel (34.6°C). Temperatures…

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Bankers say “no” to more regulation

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Americans acquire Ascom division

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Profits plunge at Credit Suisse

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Profit continues to rise at Saia-Burgess

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National Day speech for Swiss Abroad 2005

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Bruin the bear goes for the bare necessities

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WTO farm talks fail to make progress

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Saia-Burgess goes on the offensive

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Swiss National Bank back in the black

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Switzerland sweats on hottest day of year

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