The business cycle index of the Institute established, calculated in Q4 2009, shows a clear deceleration in the deteriorating economic situation in Switzerland: it shows a decline of 0.7 points in Switzerland to 94, 6 points. However, the CREA prefers to talk about time slowing the cyclical downturn of real economic recovery. The phenomenon appears most clearly in the cantons of Geneva and Vaud, while still consistent declines elsewhere.
Swiss economy (BIS): The Swiss economy might rebound in Q4, according to the latest economic barometer of the KOF research institute of the Federal Institute of Technology Zurich (ETH). Turning in positive zone, he enrolled at 0.85 point, cons -0.04 point in August. Introducing a 5th consecutive increase, the barometer recorded a leap of 0.89 point, having already gained 0.81 points in August compared to July.
BALANCE OF PAYMENTS SWITZERLAND: The Swiss balance of payments remained under the influence of the global recession in Q2, exports of goods and services showing their largest decline since 1972 with revenues plunged 17% to 65 billion francs. The surplus of current account nevertheless jumped from 6 billion to 13.2 billion.
FINMA DEFINE ITS OBJECTIVES: The Federal Council has endorsed the strategic objectives of the Federal Supervisory Authority for Financial Markets (FINMA) for the next three years. These objectives include the strength of the Swiss financial system, the protection of customers and improved supervision. Their announcement coincides with the introduction Thursday as the new organization FINMA into four divisions Banks, Insurance, Market, Strategic Services and Central
MANAGERS OF SALARIES: The salaries of bosses of the 48 largest listed Swiss companies have fallen by more than 25% last year, reveals a study by PriceWaterhouseCoopers (PwC). The decrease reflects the decline of almost half the variable compensation (bonus). The basic salary is itself remained virtually unchanged. The average wage patterns of 20 companies represented in the Swiss Market Index (SMI) fell to 6.9 million francs in 2008, against 9.3 million a year earlier.
IMF: International Monetary Fund (IMF) has lowered its estimate of impairment which are forced banks and other financial institutions because of the crisis. He located at 3400 billion dollars (about 3,500 billion), against 4,000 billion in April. Global financial stability is improving, but risks are still "high" for the entire system, according to the Report on the Global Financial Stability ".
BEGINNING OF THE TRIAL AGAINST THE BANK LGT: The trial against the Liechtenstein bank LGT, owned by the princely house, opened Wednesday in Vaduz. The complainant, a German tax cheater, claiming 13 million euros in damages for not having been notified of the theft of banking data. The case could set a precedent.
SIKA cut jobs: Sika will remove 50 of about 2100 jobs that account in Switzerland. Zug group, active in the chemistry building, invokes his new organization, to ensure the competitiveness of its activities, to motivate restructuring.
ART & FRAGRANCE IN 1ST HALF: Faced with the crisis and restructuring of the Vosges crystal Lalique, Art & Fragrance has remained in the red in the first half of 2009. The Zurich-based company active in the luxury nonetheless reduced its net loss to 1 million francs, against 6.2 million a year ago. Turnover has dropped him more than half, from 45.9 to 22.4 million francs.
Thurel THE 1ST HALF: The manufacturer Thurgau juice Thurella still faces headwinds. He suffered a net loss of 19.9 million francs at the end of the first half of 2009, mainly because of unique effects associated with its restructuring plan. Thurella believes, however, have traveled half the distance to allow him out of trouble. In addition to restructuring costs, operating expenses amounted weighed on its accounts between January and June
SONOVA UNDER INVESTIGATION: The Zurich Sonova is among the manufacturers of hearing aids covered by a survey of the German fight against cartels. It investigates into suspected cartels between players on the native market.
TOY TOY serene SWITZERLAND: The toy industry is not affected by the crisis, noted Rolf Burri, president of the Swiss Association of toys (ASJ) when opening the 10th in Bern Swiss lounge at the Toy Fair in Bern BEA. Last year, Swiss Toy drew some 62,000 visitors of all ages.
Swiss economy (BIS): The Swiss economy might rebound in Q4, according to the latest economic barometer of the KOF research institute of the Federal Institute of Technology Zurich (ETH). Turning in positive zone, he enrolled at 0.85 point, cons -0.04 point in August. Introducing a 5th consecutive increase, the barometer recorded a leap of 0.89 point, having already gained 0.81 points in August compared to July.
BALANCE OF PAYMENTS SWITZERLAND: The Swiss balance of payments remained under the influence of the global recession in Q2, exports of goods and services showing their largest decline since 1972 with revenues plunged 17% to 65 billion francs. The surplus of current account nevertheless jumped from 6 billion to 13.2 billion.
FINMA DEFINE ITS OBJECTIVES: The Federal Council has endorsed the strategic objectives of the Federal Supervisory Authority for Financial Markets (FINMA) for the next three years. These objectives include the strength of the Swiss financial system, the protection of customers and improved supervision. Their announcement coincides with the introduction Thursday as the new organization FINMA into four divisions Banks, Insurance, Market, Strategic Services and Central
MANAGERS OF SALARIES: The salaries of bosses of the 48 largest listed Swiss companies have fallen by more than 25% last year, reveals a study by PriceWaterhouseCoopers (PwC). The decrease reflects the decline of almost half the variable compensation (bonus). The basic salary is itself remained virtually unchanged. The average wage patterns of 20 companies represented in the Swiss Market Index (SMI) fell to 6.9 million francs in 2008, against 9.3 million a year earlier.
IMF: International Monetary Fund (IMF) has lowered its estimate of impairment which are forced banks and other financial institutions because of the crisis. He located at 3400 billion dollars (about 3,500 billion), against 4,000 billion in April. Global financial stability is improving, but risks are still "high" for the entire system, according to the Report on the Global Financial Stability ".
BEGINNING OF THE TRIAL AGAINST THE BANK LGT: The trial against the Liechtenstein bank LGT, owned by the princely house, opened Wednesday in Vaduz. The complainant, a German tax cheater, claiming 13 million euros in damages for not having been notified of the theft of banking data. The case could set a precedent.
SIKA cut jobs: Sika will remove 50 of about 2100 jobs that account in Switzerland. Zug group, active in the chemistry building, invokes his new organization, to ensure the competitiveness of its activities, to motivate restructuring.
ART & FRAGRANCE IN 1ST HALF: Faced with the crisis and restructuring of the Vosges crystal Lalique, Art & Fragrance has remained in the red in the first half of 2009. The Zurich-based company active in the luxury nonetheless reduced its net loss to 1 million francs, against 6.2 million a year ago. Turnover has dropped him more than half, from 45.9 to 22.4 million francs.
Thurel THE 1ST HALF: The manufacturer Thurgau juice Thurella still faces headwinds. He suffered a net loss of 19.9 million francs at the end of the first half of 2009, mainly because of unique effects associated with its restructuring plan. Thurella believes, however, have traveled half the distance to allow him out of trouble. In addition to restructuring costs, operating expenses amounted weighed on its accounts between January and June
SONOVA UNDER INVESTIGATION: The Zurich Sonova is among the manufacturers of hearing aids covered by a survey of the German fight against cartels. It investigates into suspected cartels between players on the native market.
TOY TOY serene SWITZERLAND: The toy industry is not affected by the crisis, noted Rolf Burri, president of the Swiss Association of toys (ASJ) when opening the 10th in Bern Swiss lounge at the Toy Fair in Bern BEA. Last year, Swiss Toy drew some 62,000 visitors of all ages.
No comments:
Post a Comment