GenevaLunch » Business http://genevalunch.com Community Newspaper Online Fri, 10 Feb 2012 14:57:55 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://creativecommons.org/licenses/by-nc-nd/3.0/ Copyright © GenevaLunch 2010 editor@genevalunch.com (GenevaLunch) editor@genevalunch.com (GenevaLunch) http://genevalunch.com/wp-content/plugins/podpress/images/powered_by_podpress.jpg GenevaLunch http://genevalunch.com 144 144 Community Newspaper Online GenevaLunch GenevaLunch editor@genevalunch.com no no New bank notes delayed by a year http://genevalunch.com/blog/2012/02/09/new-bank-notes-delayed-by-a-year/ http://genevalunch.com/blog/2012/02/09/new-bank-notes-delayed-by-a-year/#comments Thu, 09 Feb 2012 09:24:19 +0000 Ellen Wallace http://genevalunch.com/?p=66454 GenevaLunch.com ZURICH/ BERN – New Swiss bank notes, tentatively scheduled to make their appearance towards the end of 2012, are being delayed for a year. The Swiss National Bank says that “unexpected technical problems were encountered in an early production stage” and that it will announce the issue date “as soon as the first banknote denomination [...]

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]]> http://genevalunch.com/blog/2012/02/09/new-bank-notes-delayed-by-a-year/feed/ 0 Swiss to fly to City airport rather than London Heathrow from Basel http://genevalunch.com/blog/2012/02/09/swiss-to-fly-to-city-airport-rather-than-london-heathrow-from-basel/ http://genevalunch.com/blog/2012/02/09/swiss-to-fly-to-city-airport-rather-than-london-heathrow-from-basel/#comments Thu, 09 Feb 2012 08:36:21 +0000 Ellen Wallace http://genevalunch.com/?p=66447 GenevaLunch.com BASEL, SWITZERLAND – Airline Swiss will begin using City Airport in London rather than Heathrow for its Basel flights starting 21 May. The airline says “the modifications to Swiss’s Basel services have been prompted by the planned sale of sister Lufthansa Group carrier bmi to the International Airlines Group.”

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]]> http://genevalunch.com/blog/2012/02/09/swiss-to-fly-to-city-airport-rather-than-london-heathrow-from-basel/feed/ 0 Credit Suisse’s Q4 slide into the red worse than expected (update) http://genevalunch.com/blog/2012/02/09/credit-suisses-q4-slide-into-the-red-worse-than-expected-update/ http://genevalunch.com/blog/2012/02/09/credit-suisses-q4-slide-into-the-red-worse-than-expected-update/#comments Thu, 09 Feb 2012 08:02:58 +0000 Ellen Wallace http://genevalunch.com/?p=66440 GenevaLunch.com ZURICH, SWITZERLAND – Credit Suisse Thursday 9 February reported a net loss of CHF637 million for the fourth quarter of 2011, significantly worse than many analysts’ expectations, according to Bloomberg. Full-year figures remained in the black, with net income of CHF1.95 billion, but the profit was down by 62 percent, compared to a net profit of [...]

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]]> http://genevalunch.com/blog/2012/02/09/credit-suisses-q4-slide-into-the-red-worse-than-expected-update/feed/ 0 Record number new cars on Swiss roads in 2011 http://genevalunch.com/blog/2012/02/08/record-number-new-cars-on-swiss-roads-in-2011/ http://genevalunch.com/blog/2012/02/08/record-number-new-cars-on-swiss-roads-in-2011/#comments Wed, 08 Feb 2012 10:39:13 +0000 Ellen Wallace http://genevalunch.com/?p=66403 GenevaLunch.com Swiss warming up for the March Geneva car show as new models announced GENEVA, SWITZERLAND – A record 420,900 new vehicles were put on Swiss roads in 2011, greatly overtaking the previous record set in 1989. The number of registered vehicles rose by 2.2 percent compared to 2010, rising to 5.5 million. The annual figures [...]

Record number new cars on Swiss roads in 2011 © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/02/08/record-number-new-cars-on-swiss-roads-in-2011/feed/ 0 Unemployment creeping up, but still well below 2011 level http://genevalunch.com/blog/2012/02/08/unemployment-creeping-up-but-still-well-below-2011-level/ http://genevalunch.com/blog/2012/02/08/unemployment-creeping-up-but-still-well-below-2011-level/#comments Wed, 08 Feb 2012 10:05:24 +0000 Ellen Wallace http://genevalunch.com/?p=66405 GenevaLunch.com BERN, SWITZERLAND – Swiss unemployment rose from 3.3 to 3.4 percent in January 2012, but there were still 9.7 percent fewer people out of work than in January 2011, figures published Wednesday 8 February show. Young people accounted for a large part of the increase, with a one-month increase of 3 percent for the 15- [...]

Unemployment creeping up, but still well below 2011 level © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/02/08/unemployment-creeping-up-but-still-well-below-2011-level/feed/ 0 New central bank head forceful on maintaining franc cap http://genevalunch.com/blog/2012/02/07/new-central-bank-head-forceful-on-maintaining-franc-cap/ http://genevalunch.com/blog/2012/02/07/new-central-bank-head-forceful-on-maintaining-franc-cap/#comments Tue, 07 Feb 2012 12:46:16 +0000 Ellen Wallace http://genevalunch.com/?p=66358 GenevaLunch.com ZURICH, SWITZERLAND – The Swiss central bank does not see any risk of inflation for Switzerland in coming months, nor any need to reduce the level of liquidity. However, distortions in the mortgage and real estate market could increase and the Swiss government will soon look at the possible need to intervene. Thomas Jordan, vice [...]

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]]> http://genevalunch.com/blog/2012/02/07/new-central-bank-head-forceful-on-maintaining-franc-cap/feed/ 0 Swatch reports “record numbers at all levels” http://genevalunch.com/blog/2012/02/07/swatch-reports-record-numbers-at-all-levels/ http://genevalunch.com/blog/2012/02/07/swatch-reports-record-numbers-at-all-levels/#comments Tue, 07 Feb 2012 11:06:23 +0000 Ellen Wallace http://genevalunch.com/?p=66351 GenevaLunch.com GENEVA, SWITZERLAND – The Swatch Group continued in 2011 to have “record numbers at all levels” as it posted its 2012 financial figures Tuesday 7 February. Gross sales were CHF7.14 million,  up nearly 22 percent over 2010′s record sales, at constant exchange rates. “The continued weakness in the euro and the dollar during the year [...]

Swatch reports “record numbers at all levels” © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/02/07/swatch-reports-record-numbers-at-all-levels/feed/ 0 UBS investment banking losses cut into profits http://genevalunch.com/blog/2012/02/07/ubs-investment-banking-losses-cut-into-profits/ http://genevalunch.com/blog/2012/02/07/ubs-investment-banking-losses-cut-into-profits/#comments Tue, 07 Feb 2012 10:23:28 +0000 Ellen Wallace http://genevalunch.com/?p=66346 GenevaLunch.com ZURICH, SWITZERLAND – UBS, Switzerland’s largest bank, posted a full-year net profit of CHF4.23 billion, compared to CHF7.5b in 2010. The bank’s revenues were up in some areas and new money under management grew strongly, up CHF42.4 billion for the year, showing a turnaround in consumer confidence. But profits were hurt by fourth quarter losses [...]

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]]> http://genevalunch.com/blog/2012/02/07/ubs-investment-banking-losses-cut-into-profits/feed/ 1 WWF Switzerland gets ex-corporate man as new leader http://genevalunch.com/blog/2012/02/06/wwf-switzerland-gets-ex-corporate-man-as-new-leader/ http://genevalunch.com/blog/2012/02/06/wwf-switzerland-gets-ex-corporate-man-as-new-leader/#comments Mon, 06 Feb 2012 12:49:25 +0000 Ellen Wallace http://genevalunch.com/?p=66313 GenevaLunch.com BERN, SWITZERLAND – WWF Switzerland will have Thomas Vellacott, 41, as its chief executive officer in mid-May 2012, when Hans-Peter Fricker retires. Vellacott won out over nearly 300 candidates for the job as head of one of Switzerland’s most active and influential environmental organizations. He joined WWF in 2003 and has been in charge of [...]

WWF Switzerland gets ex-corporate man as new leader © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/02/06/wwf-switzerland-gets-ex-corporate-man-as-new-leader/feed/ 0 Swiss investigation into possible bank lending rate fixing is latest in a string http://genevalunch.com/blog/2012/02/04/swiss-investigation-into-possible-bank-lending-rate-fixing-is-latest-in-a-string/ http://genevalunch.com/blog/2012/02/04/swiss-investigation-into-possible-bank-lending-rate-fixing-is-latest-in-a-string/#comments Sat, 04 Feb 2012 09:57:41 +0000 Ellen Wallace http://genevalunch.com/?p=66271 GenevaLunch.com BERN, SWITZERLAND – Comco, Switzerland’s competition commission, has opened an investigation into more than 10 international banks and companies and the country’s two largest, UBS and Credit Suisse, for possible “collusion between derivative traders [that] might have influenced the reference rates Libor and Tibor. Furthermore, market conditions regarding derivative products based on these reference rates [...]

Swiss investigation into possible bank lending rate fixing is latest in a string © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

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