Economy of Switzerland http://www.globalpost.com/taxonomy/term/23854/all en 'Davos man' fears more storms, both real and economic http://www.globalpost.com/dispatch/news/thomson-reuters/130108/davos-man-fears-more-storms-both-real-and-economic <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>* World Economic Forum risk report sets scene for Davos</p> <p>* Income disparity and government debts top risk list</p> <p>* Climate ranks third, extreme weather a growing concern</p> <p>By Ben Hirschler</p> <p>LONDON, Jan 8 (Reuters) - Fragile economies and extreme<br /> weather have combined to crank up the global risk dial in the<br /> past year, creating an increasingly dangerous mix, according to<br /> the World Economic Forum.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/davos-man-fears-more-storms-both-real-and-economic" target="_blank">read more</a></p> Davos Economics Economy of Switzerland Environmental Issue Globalization Graub√ľnden Man Made Disaster Natural Disaster Person Career Quotation Switzerland World Economic Forum Thomson Reuters Tue, 08 Jan 2013 13:52:35 +0000 5731486 at http://www.globalpost.com UPDATE 1-'Davos man' fears more storms, both real and economic http://www.globalpost.com/dispatch/news/thomson-reuters/130108/update-1-davos-man-fears-more-storms-both-real-and-economic <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>* World Economic Forum risk report sets scene for Davos</p> <p>* Income disparity and government debts top risk list</p> <p>* Climate ranks third, extreme weather a growing concern</p> <p>By Ben Hirschler</p> <p>LONDON, Jan 8 (Reuters) - Fragile economies and extreme<br /> weather have combined to crank up the global risk dial in the<br /> past year, creating an increasingly dangerous mix, according to<br /> the World Economic Forum.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/update-1-davos-man-fears-more-storms-both-real-and-economic" target="_blank">read more</a></p> Davos Economics Economy of Switzerland Emergency management Environmental Issue Ethics Globalization Graub√ľnden Man Made Disaster Management Natural Disaster Person Career Quotation Risk World Economic Forum World Economic Forum Thomson Reuters Tue, 08 Jan 2013 14:01:06 +0000 5731532 at http://www.globalpost.com Credit Suisse to cut bonus pool by 20 percent -paper http://www.globalpost.com/dispatch/news/thomson-reuters/130113/credit-suisse-cut-bonus-pool-20-percent-paper <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Bonus pool seen falling another 20 percent in 2013</p> <p>* Credit Suisse in cost-cutting drive</p> <p>ZURICH, Jan 14 (Reuters) - Credit Suisse will cut its bonus pool for 2012 by 20 percent to around 2.3 billion Swiss francs ($2.52 billion), the fourth year in a row the Swiss bank has slashed payouts, a newspaper reported on Sunday.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130113/credit-suisse-cut-bonus-pool-20-percent-paper" target="_blank">read more</a></p> Business Economy of Switzerland Investment Investment banks Labor Law Thomson Reuters Sun, 13 Jan 2013 12:00:03 +0000 5733742 at http://www.globalpost.com Falling CEO confidence sets scene for anxious Davos http://www.globalpost.com/dispatch/news/thomson-reuters/130122/falling-ceo-confidence-sets-scene-anxious-davos <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* 36 pct of CEOs very confident of growth vs 40 pct year ago</p> <p>* Latam only region to buck trend of falling confidence -PwC</p> <p>* Uncertainty over economic growth is top worry for CEOs</p> <p>By Ben Hirschler</p> <p>DAVOS, Switzerland, Jan 22 (Reuters) - Chief executives are less optimistic about short-term growth prospects for their companies than a year ago, according to a survey that offers a reality check on rising stock markets.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130122/falling-ceo-confidence-sets-scene-anxious-davos" target="_blank">read more</a></p> Davos Economy of Switzerland Globalization Labor Thomson Reuters Tue, 22 Jan 2013 17:45:59 +0000 5737873 at http://www.globalpost.com Davos strives to make climate talk more than hot air http://www.globalpost.com/dispatch/news/thomson-reuters/130125/davos-strives-make-climate-talk-more-hot-air <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Climate threat grabs attention after storms and drought</p> <p>* Obama speech hot talking-point at World Economic Forum</p> <p>* But business cautious on investment as governments stall</p> <p>By Ben Hirschler</p> <p>DAVOS, Switzerland, Jan 25 (Reuters) - Climate change is back on the global agenda, with debate in the corridors at Davos given fresh impetus by U.S. President Barack Obama and U.N. Secretary-General Ban Ki-moon both highlighting it as top priority this week.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130125/davos-strives-make-climate-talk-more-hot-air" target="_blank">read more</a></p> Climate change policy Davos Disaster Economy of Switzerland Technology Thomson Reuters Fri, 25 Jan 2013 14:00:51 +0000 5739366 at http://www.globalpost.com Who's lunch when CEOs schmooze NGOs at Davos? http://www.globalpost.com/dispatch/news/thomson-reuters/130125/whos-lunch-when-ceos-schmooze-ngos-at-davos <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* NGOs more trusted than government, business</p> <p>* "Superbrand" NGOs increasingly working with business</p> <p>* Greenpeace activists stage stunts against Arctic oil drilling</p> <p>* CEOs waking up to business case for working with NGOs</p> <p>* Oxfam head warns NGOs risk co-option by business</p> <p>By Emma Thomasson</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130125/whos-lunch-when-ceos-schmooze-ngos-at-davos" target="_blank">read more</a></p> Disaster Economy of Switzerland Environment Globalization Greenpeace Social Issues War Thomson Reuters Fri, 25 Jan 2013 14:30:16 +0000 5739391 at http://www.globalpost.com COLUMN - Davos power rankings: Who's up, who's down and who's out? http://www.globalpost.com/dispatch/news/thomson-reuters/130130/column-davos-power-rankings-whos-whos-down-and-whos-out <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>(Ian Bremmer is a Reuters columnist but his opinions are his own.)</p> <p>By Ian Bremmer</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130130/column-davos-power-rankings-whos-whos-down-and-whos-out" target="_blank">read more</a></p> Davos Economy of Switzerland Entertainment Globalization Social Issues Technology Thomson Reuters Wed, 30 Jan 2013 19:08:27 +0000 5741652 at http://www.globalpost.com Swiss bank Julius Baer sees profits jump 15% in 2012 http://www.globalpost.com/dispatch/news/afp/130204/swiss-bank-julius-baer-sees-profits-jump-15-2012 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Swiss private bank Julius Baer on Monday posted a 15-percent hike in its 2012 net profit, beating analyst expectations amid healthy cash inflows as global financial markets began bouncing back.</p> <p>Net profit at the bank, which specialises in wealth management, jumped to 298 million Swiss francs ($328 million, 240 million euros) last year, while its assets under management swelled 11 percent to 189 billion Swiss francs, it said in a statement.</p> <p>"We remained well in favour with clients in all our markets in 2012," company chief executive Boris Collardi said in the statement.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130204/swiss-bank-julius-baer-sees-profits-jump-15-2012" target="_blank">read more</a></p> Economy of Switzerland Investment Julius Baer Switzerland AFP Mon, 04 Feb 2013 09:30:41 +0000 5745130 at http://www.globalpost.com CORRECTED: Swiss bank Julius Baer sees profits jump 15% in 2012 http://www.globalpost.com/dispatch/news/afp/130204/corrected-swiss-bank-julius-baer-sees-profits-jump-15-2012 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Swiss private bank Julius Baer on Monday posted a 15-percent hike in its 2012 net profit, beating analyst expectations amid healthy cash inflows as global financial markets began bouncing back.</p> <p>Net profit at the bank, which specialises in wealth management, jumped to 298 million Swiss francs ($328 million, 240 million euros) last year, while its assets under management swelled 11 percent to 189 billion Swiss francs, it said in a statement.</p> <p>"We remained well in favour with clients in all our markets in 2012," company chief executive Boris Collardi said in the statement.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130204/corrected-swiss-bank-julius-baer-sees-profits-jump-15-2012" target="_blank">read more</a></p> Economy of Switzerland Investment Julius Baer Switzerland AFP Mon, 04 Feb 2013 13:00:52 +0000 5745308 at http://www.globalpost.com Swiss bank Julius Baer sees profits jump 15% in 2012 http://www.globalpost.com/dispatch/news/afp/130204/swiss-bank-julius-baer-sees-profits-jump-15-2012-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Swiss private bank Julius Baer on Monday posted a 15-percent hike in its 2012 net profit, largely meeting market expectations, but nonetheless saw its share price shrink amid disappointment over its margins.</p> <p>Net profit at the bank, which specialises in wealth management, jumped to 298 million Swiss francs ($328 million, 240 million euros) last year, while its assets under management swelled 11 percent to 189 billion Swiss francs, it said in a statement.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130204/swiss-bank-julius-baer-sees-profits-jump-15-2012-0" target="_blank">read more</a></p> bank Economy of Switzerland Europe Switzerland AFP Mon, 04 Feb 2013 17:45:41 +0000 5745621 at http://www.globalpost.com UBS suffers $2.7 bn 2012 net loss on Libor-fixing fines http://www.globalpost.com/dispatch/news/afp/130205/ubs-suffers-27-bn-2012-net-loss-libor-fixing-fines-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Swiss banking giant UBS announced on Tuesday a net loss of 2.5 billion Swiss francs (2 billionn euros, $2.7 billion) as fines from the Libor rate-fixing scandal weighed on results.</p> <p>In the final quarter of last year UBS suffered a net loss of 1.8 billion francs when it booked provisions for the combined fines of 1.4 billion francs from regulators as well as restructuring costs.</p> <p>The full-year net loss was higher than expectations, with analysts surveyed by the Swiss financial news agency AWP foreseeing on average UBS to turn in a loss of 2.2 million francs.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130205/ubs-suffers-27-bn-2012-net-loss-libor-fixing-fines-0" target="_blank">read more</a></p> Economy of Switzerland Investment Switzerland UBS AFP Tue, 05 Feb 2013 08:00:27 +0000 5746107 at http://www.globalpost.com UBS suffers $2.7 bn 2012 net loss on Libor-fixing fines http://www.globalpost.com/dispatch/news/afp/130205/ubs-suffers-27-bn-2012-net-loss-libor-fixing-fines-1 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Swiss banking giant UBS announced on Tuesday a net loss of 2.5 billion Swiss francs (2 billion euros, $2.7 billion) as fines from the Libor rate-fixing scandal weighed on results.</p> <p>In the final quarter of last year UBS suffered a net loss of 1.8 billion francs when it booked provisions for the combined fines of 1.4 billion francs from regulators as well as restructuring costs.</p> <p>The full-year net loss was higher than expectations, with analysts surveyed by the Swiss financial news agency AWP foreseeing on average UBS to turn in a loss of 2.2 million francs.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130205/ubs-suffers-27-bn-2012-net-loss-libor-fixing-fines-1" target="_blank">read more</a></p> Business Economy of Switzerland Investment Switzerland UBS AFP Tue, 05 Feb 2013 09:30:31 +0000 5746143 at http://www.globalpost.com Credit Suisse net profit drops 24% in 2012 to $1.5 bn http://www.globalpost.com/dispatch/news/afp/130207/credit-suisse-net-profit-drops-24-2012-15-bn <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Swiss banking giant Credit Suisse said Thursday its net profit fell 24 percent last year to 1.4 billion Swiss francs (1.2 billion euros, $1.5 billion) despite its investment bank unit rebounding into profit.</p> <p>The result was below the 1.7 billion francs pencilled in by analysts surveyed by the Swiss financial news agency AWP.</p> <p>In the final quarter of 2012, however, the bank posted a net profit of 397 million francs, compared to a loss of 637 million francs in the same period the previous year.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130207/credit-suisse-net-profit-drops-24-2012-15-bn" target="_blank">read more</a></p> Economy of Switzerland Investment Switzerland AFP Thu, 07 Feb 2013 08:32:26 +0000 5748541 at http://www.globalpost.com Strong franc makes for bitter year for Swiss chocolate http://www.globalpost.com/dispatch/news/afp/130208/strong-franc-makes-bitter-year-swiss-chocolate <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Swiss chocolate makers were left with a bittersweet taste in their mouths last year as a strong Swiss franc melted away the appetite for their products, the top industry body said Friday.</p> <p>Switzerland's 18 chocolate manufacturers, including such brands as Lindt, Frey and Faverger, sold 4,000 fewer tonnes last year than in 2011 as an "overvalued Swiss franc ... made Swiss chocolate products more expensive abroad and made imported chocolate cheaper," Chocosuisse said in a statement.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130208/strong-franc-makes-bitter-year-swiss-chocolate" target="_blank">read more</a></p> Economy of Switzerland Europe Switzerland AFP Fri, 08 Feb 2013 13:17:37 +0000 5750016 at http://www.globalpost.com UPDATE 2-Switzerland, U.S. sign pact on fighting tax evasion http://www.globalpost.com/dispatch/news/thomson-reuters/130214/update-2-switzerland-us-sign-pact-fighting-tax-evasion <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Deal protects Swiss banks from 2014 penalties</p> <p>* More than 50 countries seeking deals with U.S.</p> <p>By Patrick Temple-West</p> <p>WASHINGTON, Feb 14 (Reuters) - Advancing a U.S. crackdown on tax evasion by Americans, the U.S. Treasury Department said on Thursday that Switzerland and the United States have signed a pact to make Swiss banks disclose information about U.S. account-holders.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130214/update-2-switzerland-us-sign-pact-fighting-tax-evasion" target="_blank">read more</a></p> Economy of Switzerland Europe Privacy Thomson Reuters Thu, 14 Feb 2013 21:15:20 +0000 5756085 at http://www.globalpost.com