Results for Switzerland
- Swiss Back Executive-Pay Controls
Swiss voters on Sunday overwhelmingly backed a plan giving shareholders sweeping authority over executive pay, the latest in a series of moves aimed at curbing what is seen as excessive remuneration levels at top companies, The Wall Street Journal re ...
Daily Headline - global.abi.org - 03/03/2013 - 21:54 - 0 comments
- Switzerland Orders Banks to Hold Buffer for Real Estate
The Swiss government ordered banks to hold additional capital as a buffer against risks posed by the country’s biggest property boom in two decades, Bloomberg reported. Banks will be forced to hold an extra 1 percent of risk- weighted assets linked to do ...
Daily Headline - global.abi.org - 02/15/2013 - 00:17 - 0 comments
- Credit Suisse to Accept Vinashin’s Plan to Restructure Its Debt
Credit Suisse Group AG will accept a debt restructuring plan that Vietnam Shipbuilding Industry Group put to its creditors, helping to resolve negotiations surrounding a default that occurred more than two years ago, according to a person familiar with t ...
Daily Headline - global.abi.org - 02/05/2013 - 21:53 - 0 comments
- Button-Down Central Bank Bets It All
Switzerland, for decades a paragon of safety in finance, is engaged in a high-risk strategy to protect its export-driven economy, literally betting the bank in a fight to contain the prices of Swiss products sold abroad, The Wall Street Journal repor ...
Daily Headline - global.abi.org - 01/09/2013 - 21:20 - 0 comments
- Swiss Bank Pleads Guilty to U.S. Tax Law Violations
Switzerland's oldest private bank yesterday admitted to helping Americans evade U.S. taxes, the first time a foreign financial institution has pleaded guilty to tax law violations, the New York Times DealBook blog reported today. Representatives ...
Daily Headline - abi_admin - 01/04/2013 - 10:15 - 0 comments
- Swiss, Facing EU Tax Pressure, Ponder How To Attract Firms
As times get tougher, discontent about Swiss tax breaks is mounting, Reuters reported in an analysis. Cash-strapped foreign governments have already chipped away at the secrecy that allows rich individuals to store tax-free funds in Swiss bank accounts. ...
Daily Headline - global.abi.org - 12/18/2012 - 21:39 - 0 comments
- Gunvor Starts Operations At German Refinery
Switzerland-based trader Gunvor said on Monday that operations had resumed at its German Ingolstadt refinery, acquired from insolvent refiner Petroplus earlier this year, Reuters reported. Gunvor, which is co-owned by a Russian tycoon and chief executive ...
Daily Headline - global.abi.org - 08/27/2012 - 19:35 - 0 comments
- UK Refinery Creditors To Get Just 6.4 Percent Of Claims
Creditors of bankrupt refiner Petroplus's UK operations, mainly the Coryton refinery, will be paid a maximum of just 6.4 percent of their claims, said Steven Pearson, a joint administrator at PwC. The creditors will receive $102 million to $135 mill ...
Daily Headline - global.abi.org - 07/31/2012 - 21:24 - 0 comments
- Carbofer Trading, Shipping Arms Declared Bankrupt
Swiss steel and coal trader Carbofer General Trading (CGT) was declared bankrupt last month, officials in its home town Lugano said on Friday, shortly after its shipping branch Carbofer Maritime, Reuters reported. CGT, once a large player in the spot coa ...
Daily Headline - global.abi.org - 06/17/2012 - 22:08 - 0 comments
- Algeria Says Owed $250 Million By Switzerland's Petroplus
Insolvent Swiss oil refiner Petroplus owes Algerian state energy firm Sonatrach over $250 million in unpaid bills, an Algerian energy sector official told Reuters. Sonatrach has not received payment for several cargoes of crude it delivered to the refine ...
Daily Headline - global.abi.org - 05/10/2012 - 23:00 - 0 comments