Latest Breaking Zurich News and Current Events
Credit Suisse to axe thousands of jobs
Zurich :: Switzerland | about 17 hours ago | Business News
Source: SwissInfo
The cuts were announced on Thursday as the bank reported losses of SFr3 billion ($2.48 billion) in the first two months of the fourth quarter of 2009, reflecting the impact of adverse marketing conditions and risk reduction. The losses were...
20 news stories / 18 blog posts / 30 images / 18 videos / 0 voices
Bargain gifts for the cat lover
Zurich :: Switzerland | 1 day ago | Entertainment News
Source: Salon
Fluffy doesn't want your Swarovski collar or precious little postmodern kitty condo that looks like an itty-bitty spaceship created by Eero Saarinen for cocktails on Saturn. He doesn't want that little mouse made out of nubby organic cotton. Yeah, he'll...
2 news stories / 2 blog posts / 3 images / 7 videos / 0 voices
Switzerland pumps billions into bank rescue plan
Zurich :: Switzerland | about 1 month ago | Business News
Source: Palm Beach Post
Switzerland — The Swiss government says it will help banking giant UBS raise billions of dollars in new capital. The government says the measure is part of a wider package to support the country's banking system. It includes lending UBS...
36 news stories / 12 blog posts / 16 images / 27 videos / 0 voices
Swiss Re posts surprise loss; suspends buyback
Zurich :: Switzerland | about 1 month ago | Business News
Source: International Herald Tribune
Swiss Re, the giant reinsurer, reported Tuesday a surprise third-quarter net loss of 304 million Swiss francs, hurt by investment losses, and its shares plummeted. As well as the $263.2 million loss, the Zurich-based reinsurer said that it had written-down another...
19 news stories / 7 blog posts / 29 images / 30 videos / 0 voices
Venus Williams beats Pennetta in Zurich final
Zurich :: Switzerland | about 1 month ago | Sports News
Source: The Jakarta Post
Williams beat Italy's Flavia Pennetta 7-6 (1), 6-2 to take the tournament she last won as a teenager in 1999. The win should seal the 28-year-old American's place at the season-ending WTA Tour Championship in Doha next month. She also...
18 news stories / 9 blog posts / 30 images / 17 videos / 0 voices
Swiss Authorities Mull Ways to Curb Bank Bonuses
Zurich :: Switzerland | about 1 month ago | Business News
Source: Epoch Times
Swiss authorities are mulling tougher rules to rein in excessive pay and bonuses at big banks such as UBS, which had to accept a mammoth state aid package after risky U.S...The historic government intervention to shore up the bank has...
4 news stories / 2 blog posts / 30 images / 11 videos / 0 voices
Fifa delay World Cup decision
Zurich :: Switzerland | about 1 month ago | Sports News
Source: The independent
Fifa's leaders have delayed a decision on World Cup bidding until December, it can be revealed. The world governing body's president Sepp Blatter had been pushing for both the 2018 and the 2022 World Cup hosts to be voted on...
10 news stories / 11 blog posts / 18 images / 22 videos / 0 voices
Double-digit growth for ABB
Zurich :: Switzerland | about 1 month ago | Business News
Source: The Local
Sales rose 22 percent during the quarter to $8.79 billion. "We continue to benefit from long-term trends to expand and upgrade power infrastructure, improve industrial productivity and lower environmental impact," Joe Hogan, ABB's chief executive officer, said in a statement....
5 news stories / 0 blog posts / 1 image / 4 videos / 0 voices
UBS: ex-executive renounced $10M in exit pay
Zurich :: Switzerland | 25 days ago | Business News
Source: Merced Sun-Star
Switzerland Former UBS AG Chief Executive Peter Wuffli has renounced 12 million Swiss francs ($10.2 million) in payments he was to receive under his contract when Switzerland's largest bank fired him as the subprime crisis began, the bank said Sunday....
4 news stories / 1 blog post / 17 images / 11 videos / 0 voices
Swiss Info: Roth says "positive signs" in banking sector
Zurich :: Switzerland | about 1 month ago | Business News
Source: Androscoggin News
Roth says "positive signs" in banking sector Jean-Pierre Roth, the president of the Swiss National Bank (SNB), has identified "positive signs" in the country's banking sector despite turbulent financial markets. "We see that a bit of confidence is coming bank...
3 news stories / 5 blog posts / 5 images / 3 videos / 0 voices
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