US$5.35m Swiss Boost For Ghanaian Exports

Daily Guide - Monday 20th May, 2013

Ambassador Semadeni exchanging documents on the project with Nii Lante Vanderpuije Switzerland has renewed its commitment to support Ghana's economic development by providing the equivalent of US$5.35 million to enhance the export of fruits, cocoa, fish and wood products. This will be done through UNIDO's trade capacity building programme for Ghana, Andrea Semadeni, Swiss Ambassador ...

The swiss franc closed higher on Friday

FXstreet - Monday 20th May, 2013

The EURO closed lower on Friday and the lowrange close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the decline off May's high, April's low crossing is the next downside target. Closes above the 20day moving ...

LCP moves further into Swiss market

European Pensions - Monday 20th May, 2013

Pensions and investment consultants Lane Clark & Peacock has expanded its Swiss operations with the launch of LCP Asalis. The new investment consulting practice will provide bespoke, practical investment advice to Swiss pension funds and their sponsors, and will support clients at every stage of the investment process from strategy through to implementation and monitoring. LCP ...

Swiss economy still suffering

European Pensions - Monday 20th May, 2013

The prospects for the Swiss economy have changed marginally in the latest Financial Market Test Switzerland, conducted by Credit Suisse in cooperation with the Centre for European Economic Research (ZEW). The Credit Suisse ZEW indicator of economic expectations crawled up by a mere 0.6 points to the -57.1 mark, and 65.3 per cent of financial market experts forecast further deterioration ...

Recession looms for Swiss economy

European Pensions - Monday 20th May, 2013

The Swiss economy is set to slide into recession in 2009, predict experts at Credit Suisse. Switzerland’s real economy finally felt the full force of the financial crisis in late 2008. Previous to this, the country had held up considerably better than that of other industrialised nations, but economists fear that Switzerland’s gross domestic product (GDP) could decline by 0.6 ...

Swiss economy will neither boom nor bust

European Pensions - Monday 20th May, 2013

The Swiss economy is expected to neither boom nor go bust in 2009, according to economists at Credit Suisse. Thus far, the Swiss economy has proven to be robust, and although the current economic climate has had a negative impact on perception, it has had little reflection in the economic data. Economists say that the Swiss economy, despite seeing economic growth below its potential, will ...

Zurich Ireland outperforms market despite slump in new Life Insurance business

European Pensions - Monday 20th May, 2013

The Irish branch of Zurich (Eagle Star Life) has revealed that for the six months ending June 2008 it has outperformed the market, with Pensions Annual Premium new business of €47.4 million. The same period in 2007 saw figures of €42.8 million, 11 per cent less than the current situation. This outperformed the market average of zero per cent for regular premium business. ...

Aberdeen opens in Zurich

European Pensions - Monday 20th May, 2013

Aberdeen Asset Managers (Aberdeen) has opened new offices in Zurich, allowing enhanced levels of business in Switzerland, where the group has already been present for ten years. Aberdeen employs over 1,800 staff world-wide in 20 countries, and has investment centres in three time zones through London, Philadelphia and Singapore. At 31 March 2008, total group assets under management and ...

Switzerland close to US tax dispute deal official

The China Post - Monday 20th May, 2013

ZURICH -- Switzerland is on the brink of a deal to settle a long-running dispute with U.S. authorities over Swiss banks accused of helping wealthy Americans evade billions of dollars of tax, the finance minister said on ...