GenevaLunch » Business http://genevalunch.com Community Newspaper Online Fri, 10 Feb 2012 13:24:40 +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 Swiss customs revenues get boost from high Swiss franc http://genevalunch.com/blog/2012/02/08/swiss-customs-revenues-get-boost-from-high-swiss-franc/ http://genevalunch.com/blog/2012/02/08/swiss-customs-revenues-get-boost-from-high-swiss-franc/#comments Wed, 08 Feb 2012 11:40:48 +0000 Ellen Wallace http://genevalunch.com/?p=66411 GenevaLunch.com BASEL / GENEVA, SWITZERLAND – Lower prices across the border in France thanks to the high Swiss franc don’t always mean the Swiss lose out: the Swiss Customs Office says that in 2011 its revenues rose thanks to import declarations, from CHF28.7 million to CHF39.8m. Imported border goods remain nevertheless a small part of customs [...]

Swiss customs revenues get boost from high Swiss franc © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/02/08/swiss-customs-revenues-get-boost-from-high-swiss-franc/feed/ 0 Oil imports, earthquake push Japan into 1st trade deficit in 32 years http://genevalunch.com/blog/2012/01/25/oil-imports-earthquake-push-japan-into-1st-trade-deficit-in-32-years/ http://genevalunch.com/blog/2012/01/25/oil-imports-earthquake-push-japan-into-1st-trade-deficit-in-32-years/#comments Wed, 25 Jan 2012 08:58:09 +0000 Ellen Wallace http://genevalunch.com/?p=65519 GenevaLunch.com GENEVA, SWITZERLAND – Japan has announced its first trade deficit since 1980, Y2.49tn ($32bn), with Prime Minister Yoshihiko Noda saying it will take until 2014 for a turn-around. Analysts, according to the financial press, are gloomier about Japan’s short- to mid-term prospects for avoiding a current account surplus. The savings rate in the country has been [...]

Oil imports, earthquake push Japan into 1st trade deficit in 32 years © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/01/25/oil-imports-earthquake-push-japan-into-1st-trade-deficit-in-32-years/feed/ 0 Romney’s former Swiss bank account viewed as part of larger picture of wealth http://genevalunch.com/blog/2012/01/24/romneys-former-swiss-bank-account-viewed-as-part-of-larger-picture-of-wealth/ http://genevalunch.com/blog/2012/01/24/romneys-former-swiss-bank-account-viewed-as-part-of-larger-picture-of-wealth/#comments Tue, 24 Jan 2012 11:11:51 +0000 Ellen Wallace http://genevalunch.com/?p=65492 GenevaLunch.com GENEVA, SWITZERLAND – US Presidential candidate Mitt Romney, whose estimated net worth is $190-250 million, has made  public more than 500 pages of tax records after losing the South Carolina primary over the weekend to Newt Gingrich, who accused the former financial investment manager of not coming clean about his wealth. It is the first-ever [...]

Romney’s former Swiss bank account viewed as part of larger picture of wealth © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/01/24/romneys-former-swiss-bank-account-viewed-as-part-of-larger-picture-of-wealth/feed/ 0 Swiss gov’t proposes first serious change to banking secrecy http://genevalunch.com/blog/2012/01/18/swiss-govt-proposes-first-serious-change-to-banking-secrecy/ http://genevalunch.com/blog/2012/01/18/swiss-govt-proposes-first-serious-change-to-banking-secrecy/#comments Wed, 18 Jan 2012 21:17:44 +0000 Ellen Wallace http://genevalunch.com/?p=65393 GenevaLunch.com Proposal would allow bank account numbers, balances, capital transactions to be shared in anti-terrorism, money laundering cases BERN, SWITZERLAND – Swiss banking secrecy could be in for its first serious change, in addition to the pending double taxation treaty with the US. Wednesday 18 January the Federal Council put out for consultation an amendment to [...]

Swiss gov’t proposes first serious change to banking secrecy © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/01/18/swiss-govt-proposes-first-serious-change-to-banking-secrecy/feed/ 0 Swiss central bank supervisory body to check all board transactions since Jan 2009 http://genevalunch.com/blog/2012/01/07/swiss-central-bank-supervisory-body-to-check-all-board-transactions-since-jan-2009/ http://genevalunch.com/blog/2012/01/07/swiss-central-bank-supervisory-body-to-check-all-board-transactions-since-jan-2009/#comments Sat, 07 Jan 2012 18:38:20 +0000 Ellen Wallace http://genevalunch.com/?p=65026 GenevaLunch.com Bank Council says “taking measures is in order”: tighter rules immediately for board members and greater future transparency ZURICH, SWITZERLAND – The supervisory body for the Swiss National Bank (SNB) announced after a special meeting Saturday 7 January that it is tightening measures governing board members’ personal financial transactions, effective immediately, hiring an outside body [...]

Swiss central bank supervisory body to check all board transactions since Jan 2009 © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/01/07/swiss-central-bank-supervisory-body-to-check-all-board-transactions-since-jan-2009/feed/ 0 Zurich cantonal bank says “bye-bye” to US customers http://genevalunch.com/blog/2012/01/05/zurich-cantonal-bank-says-bye-bye-to-us-customers/ http://genevalunch.com/blog/2012/01/05/zurich-cantonal-bank-says-bye-bye-to-us-customers/#comments Thu, 05 Jan 2012 16:05:07 +0000 Laila Rodriguez http://genevalunch.com/?p=64990 GenevaLunch.com ZURICH, SWITZERLAND – The Zurich Cantonal Bank (ZKB) is closing all accounts for US domiciled clients, citing growing pressure from the US, according to Tages-Anzeiger 5 January: “The pressure from the United States on foreign banks makes the risks too high.” Urs Ackermann, ZKB spokesman told the Swiss news agency, ATS, that the measure also [...]

Zurich cantonal bank says “bye-bye” to US customers © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/01/05/zurich-cantonal-bank-says-bye-bye-to-us-customers/feed/ 1 Swiss head banker Hildebrand: SNB publishes internal regulations, PwC (update) report http://genevalunch.com/blog/2012/01/04/swiss-head-banker-hildebrand-snb-publishes-internal-regulations-pwc-report/ http://genevalunch.com/blog/2012/01/04/swiss-head-banker-hildebrand-snb-publishes-internal-regulations-pwc-report/#comments Wed, 04 Jan 2012 22:40:26 +0000 Ellen Wallace http://genevalunch.com/?p=64957 GenevaLunch.com ZURICH, SWITZERLAND – The Swiss National Bank Wednesday took the unusual step of publishing its internal regulations governing the private financial activities of its senior management, as part of efforts to clear chairman Philipp Hildebrand’s name in the face of accusations he profited from his position. By comparison, other central banks tend to make public [...]

Swiss head banker Hildebrand: SNB publishes internal regulations, PwC (update) report © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/01/04/swiss-head-banker-hildebrand-snb-publishes-internal-regulations-pwc-report/feed/ 0 Bank employee admits sharing Hildebrand private data http://genevalunch.com/blog/2012/01/03/bank-employee-admits-sharing-hildebrand-private-data/ http://genevalunch.com/blog/2012/01/03/bank-employee-admits-sharing-hildebrand-private-data/#comments Tue, 03 Jan 2012 22:19:05 +0000 Ellen Wallace http://genevalunch.com/?p=64916 GenevaLunch.com ZURICH, SWITZERLAND – A computer system employee of Bank Sarasin turned himself into police 1 January, it was revealed late Tuesday, after sharing documents linked to currency transactions made by the family of Philipp Hildebrand, chairman of the Swiss National Bank. Swiss data protection and privacy laws make it illegal to share such information. The [...]

Bank employee admits sharing Hildebrand private data © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/01/03/bank-employee-admits-sharing-hildebrand-private-data/feed/ 0 Central banker’s wife’s dollar deal prompts calls for transparency http://genevalunch.com/blog/2012/01/03/central-bankers-wifes-dollar-deal-prompts-calls-for-transparency/ http://genevalunch.com/blog/2012/01/03/central-bankers-wifes-dollar-deal-prompts-calls-for-transparency/#comments Tue, 03 Jan 2012 19:22:12 +0000 Ellen Wallace http://genevalunch.com/?p=64913 GenevaLunch.com ZURICH, SWITZERLAND – Swiss National Bank President Philipp Hildebrand is getting heat from Swiss media over the profitable sale of dollars by his wife Kashya Hildebrand in October. It’s unclear who the source is for the figures, but both NZZ and Blick have reported that she made more than CHF60,000 in profit after buying and [...]

Central banker’s wife’s dollar deal prompts calls for transparency © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/01/03/central-bankers-wifes-dollar-deal-prompts-calls-for-transparency/feed/ 1 Italian leader rebuffs idea of tax deal with Switzerland http://genevalunch.com/blog/2011/12/08/italian-leader-rebuffs-idea-of-tax-deal-with-switzerland/ http://genevalunch.com/blog/2011/12/08/italian-leader-rebuffs-idea-of-tax-deal-with-switzerland/#comments Thu, 08 Dec 2011 08:05:17 +0000 Ellen Wallace http://genevalunch.com/?p=64569 GenevaLunch.com GENEVA, SWITZERLAND – Italy’s new prime minister, Mario Monti, has told the country’s parliament, through his minister for relations with that body, that Italy should not seek a double taxation agreement with Switzerland along the lines of those with Germany and the UK. But the opposition then accused him of not being open to negotiations [...]

Italian leader rebuffs idea of tax deal with Switzerland © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2011/12/08/italian-leader-rebuffs-idea-of-tax-deal-with-switzerland/feed/ 0