News by tag: Switzerland


Swiss Life posted a larger-than-expected rise in H1

Swiss Life on Wednesday posted a larger-than-expected rise in half-year profit despite trimming back business in its core life insurance operations. Insurer Group reported that its first-half net profit increased 5% from last year to 524 million Swiss francs. Swiss Life said net profit rose 5 percent to 524 million Swiss francs ($538.8 million), ahead of expectations for 514 million francs in a Reuters poll of eight analysts.

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ETH Zurich, the first European University in the Top 100

The 2017 Academic Ranking of World Universities (ARWU) is released today by ShanghaiRanking Consultancy. Since 2003, ARWU has been presenting the world Top 500 universities annually based on transparent methodology and third-party data. This year, in addition to the top 500 universities, ShanghaiRanking announces the list of universities ranked between 501 and 800 as ARWU World Top 500 Candidates.

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Zurich Insurance Q2 profit beats forecasts

Zurich Insurance posted a 21 percent rise in second-quarter net earnings as the group made strides in enacting a turnaround plan set out last year. The Swiss insurer's net profit for April through June rose to $896 million, beating even the highest estimate in Reuters poll of analysts that on average expected $790 million.

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Switzerland says India's laws adequate for sharing banking data

Switzerland found India’s data security and confidentiality laws “adequate” for entering into an automatic exchange of information pact. The pact will open a continuous access to details about alleged black money hoarders in once-all-secret Swiss banks. In a notification and fact sheet published in its official gazette for introduction of “automatic exchange of information relating to financial accounts with India”, the Swiss government also cited decisions by other financial centres like Liechtenstein and Bahamas to enter into similar pacts.

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Switzerland ranked first in global innovation index

Switzerland rankek first among the world’s top innovation leaders, according to Innovation Indicator 2017, the annul research which analyzed the innovative strength of 35 national economies on behalf of acatech—the German National Academy of Science and Engineering—and BDI—the Federation of German Industries.

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'World's longest' pedestrian suspension bridge opens in Switzerland

After 10 weeks of construction, Switzerland finally opened what local authorities have been calling the "world’s longest suspension bridge."  Named Europabrücke, or the Europe Bridge, this narrow pedestrian bridge hovers over the Grabengufer ravine, near Zermatt. Hanging 278 feet (84.73 meters) in the air, you might want to hold someone’s hand for a little extra courage -- but that won’t be possible. Only measuring 25.6 inches (65 centimeters) wide, the bridge is only large enough to allow for a single file line along its 1,620 feet length from end to end.

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Swiss consumer confidence gets power in July

Swiss consumer confidence strengthened in July, survey results from the State Secretariat for Economic Affairs, or SECO, showed Wednesday. The consumer confidence index rose to -3 in July from -8 in April. The score came in line with expectations. A similar high score was last posted in January 2017 and was the highest since July 2014.

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Swiss diary Emmi sells its "italian stake"

Swiss dairy group Emmi is selling its 24% stake in Italian cheese specialist Venchiaredo to focus on markets and sectors with "growth potential". Emmi, which acquired the holding in 2010, is looking to focus its Italian business on desserts, cheese exports from Switzerland and its 25% stake in cheese trader Ambrosi, according to a statement.

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Forex loss curbs SNB results in first half 2017

Switzerland's central bank on Monday reported a net profit of 1.2 billion Swiss francs for the first half of 2017 as big foreign exchange losses weighed on earnings from its foreign investments. The Swiss National Bank made a profit of 100 million francs from its foreign currency positions, as exchange related losses of 11.8 billion francs almost wiped out the earnings from bonds and shares it holds. The institution's foreign currency investments have ballooned to 728 billion francs, 12% larger than the entire Swiss economy.

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UBS Q2 +14%, up for wealth management

UBS kept a cautious outlook on the second half of 2017 on Friday after it reported an unexpected rise in second-quarter net profit, boosted by higher earnings at its flagship wealth management business. UBS said net income was 1.17 billion Swiss francs ($1.21 billion) during the second quarter, up from CHF1.03 billion a year earlier and far overshooting the average forecast in a Reuters analyst poll for 879 million francs. Operating income fell slightly to CHF7.3 billion from CHF7.4 billion a year earlier. 

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Semptember 2015
  • 23

    Regulierung – seit der Finanzkrise prägt der Ruf nach mehr Kontrolle das Banking: Wegen regulator

  • 24

    Die Fonds-Konferenz der SKSF ist eine wichtige, branchenspezifische Plattform für Wissens- und Erfa

  • 02

    2 evenings to find out about the latest from the digital industry & 2 days to find ideas and to crea

  • 11

    ICDA will return this year to its alpine home for the 38th Bürgenstock Meeting.

  • 12

    The objective of the Conference is to bring together all the diverse stakeholdersinterested in a pol

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