Tag: swiss

Swiss extend airspace shutdown-aviation authority

Filed in euro, Gold Holdings by on April 17, 2010 0 Comments

ZURICH, April 17 – Switzerland has extended a shutdown of its airspace until 1800 GMT for safety reasons due to a huge volcanic ash cloud hanging over Europe, the Swiss civil aviation authority said in a statement. The shutdown started at 2200 GMT Swiss extend airspace shutdown-aviation authority

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Swiss bank UBS sees profits rise

Filed in Gold Holdings by on April 12, 2010 0 Comments

Swiss banking giant UBS has said it expects to report a net profit of 2.5bn Swiss francs ($2.4bn; 1.5bn) for the first three months of the year.The announcement came ahead of the bank’s official first-quarter results, due out early next month Swiss bank UBS sees profits rise

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Tam Allies with Continental Airlines – Analyst Blog

Filed in Gold Prices by on April 9, 2010 0 Comments

TAM S.A. ( TAM ) has recently signed a reciprocal frequent flyer program agreement with Continental Airlines ( CAL ), member of Star Alliance.    Based on the agreement, the members of the TAM Fidelidade program will have the right to earn and redeem miles on flights operated by Continental Airlines and vice-versa.    In order to become one of the members of Star Alliance, Tam continuously kept giving effort to get associated with other members by expanding its international operations.   During 2009, the company entered into a codeshare and integration agreement with British Airline BMI and Swiss Airline and a regional agreement with Uruguay Airline Pluna. Tam partnered with Air Canada and Austrian for loyalty programs and later in the year formed a codeshare agreement with Air China. All the above airlines were members of Star Alliance.   Becoming a member of Star Alliance can help increase passenger traffic as the company will get allied to various airlines in multiple countries. Increase in passenger traffic will in turn boost top-line results. Tam will also benefit from the decline in oil prices, which will help decrease operating cost of the company.   We are looking at 2010 as a modestly profitable year for the airline industry compared to 2009. Looking at the key earnings drivers, capacity is under tight control and growing very modestly. We believe that demand will recover, although not in a big way, but certainly better than a very weak 2009. Based on better balance between supply and demand, we also expect fares to go up.   However, we believe that the industry will take years to recover the losses incurred in 2008 and 2009. Thus, we

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ETF DAILY NEWS » ETF Securities Releases Results of Gold Bullion …

Filed in Indonesian Gold by on March 29, 2010 0 Comments

ETF Securities today released the results of the audit conducted by Inspectorate International Limited, one of the world’s leading independent inspection and testing organizations, of the bullion stock held on behalf of the ETFS Swiss …

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Libya hails lifting of European visa ban as Swiss ‘defeat’

Filed in euro, Gold Holdings, Gold Investing by on March 27, 2010 0 Comments

Tripoli said on Saturday that Switzerland had been defeated after the European Union announced it was lifting a ban on granting Schengen visas for Libyans. Switzerland was defeated by the common European position, Libya’s foreign ministry said i Libya hails lifting of European visa ban as Swiss ‘defeat’

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Swiss stocks – Factors to watch on March 12

Filed in Gold Investing by on March 11, 2010 0 Comments

ZURICH, March 12 – The following are some of the main factors expected to affect Swiss stocks on Friday: ROCHE Roche announced today the topline results of a phase III study, known as CALGB 90401, which did not meet its primary objective of exte Swiss stocks – Factors to watch on March 12

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Roche suspends arthritis treatment after deaths

Filed in Gold Holdings, Gold Investing by on March 8, 2010 0 Comments

By Katie Reid ZURICH, March 8 – Swiss drugmaker Roche Holding AG and U.S.-listed Biogen Idec are suspending rheumatoid arthritis and lupus treatment ocrelizumab after it caused deaths, casting doubt over the drug’s future. Roche and Biogen stoppe Roche suspends arthritis treatment after deaths

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Austria to Restrict Consumer Carry Trades FT Deutschland Says

Filed in Gold Investing by on March 3, 2010 0 Comments

Austria’s FMA financial marketsupervisor will make it more difficult for consumers to borrowin foreign currencies such as Swiss franc and yen because thetransactions are too risky, the Financial Times Deutschlandnewspaper reported. One third of Aust Austria to Restrict Consumer Carry Trades FT Deutschland Says

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Swiss stocks – Factors to watch on Feb 26

Filed in Gold Investing by on February 26, 2010 0 Comments

ZURICH, Feb 26 – The following are some of the main factors expected to affect Swiss stocks on Friday: NOVARTIS Novartis holds its annual general meeting on Friday. For related news click on OERLIKON Oerlikon said it expected to arrange fina Swiss stocks – Factors to watch on Feb 26

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Prominent Investor: Pound Could Collapse Within Weeks

Filed in economy, gld, Gold, Gold Spot Market, Jim Rogers by on February 25, 2010 0 Comments
Prominent Investor: Pound Could Collapse Within Weeks

British currency is on the brink according to billionaire financier Steve Watson Infowars.net Thursday, Feb 25th, 2010 Billionaire financier Jim Rogers has predicted that the British Pound could completely collapse within weeks, sending shockwaves throughout the global economy and heralding the beginning of a downturn that would make the recent economic crisis look tame in comparison. “Other currencies aren’t strong and the Euro has real problems, with cracks much wider than Greece beginning to show,” Rogers said. “But it’s the Pound that’s most vulnerable. In real terms, it’s already devalued against virtually every currency barring the Zimbabwean dollar and it’s especially exposed over the weeks running up to the UK election. In a basket of currencies, the Pound is potentially a basket case. And that will put Britain in an extremely bad position for the shakedown.” “The last few months have seen a ‘false bounce’, shorn up by massive short-term injections of government underwriting,” Rogers, the former business partner of George Soros, said. “But it can’t last. We’ve been applying temporary sticking plasters, not long-term cures. Later this year we’ll see the start of the real recession, with more Lehman-scale disasters and a fallout which won’t stop until the underlying malaise is genuinely cured.” he added. Rogers was quoted in a press release ahead of a keynote appearance at next month’s Global Trading Day seminar in Westminster along with investment advisor Dr Marc Faber and British trader Vince Stanzione. The British economy is facing a “double dip” after January figures put the idea of a recovery firmly on the backburner. Rogers’ sentiments echo those of Swiss Bank UBS, which this week speculated that there could be a run on the pound if the government too aggressively tackles Britain’s huge deficit, projected to reach £178bn this year. Last week, Sterling hit a nine month low against the dollar, falling to $1.05, and slumping beyond parity for the first time against the euro. An

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Swiss consumption picks up industry cautious

Filed in Gold Holdings, Gold Investing by on February 23, 2010 0 Comments

By Katie Reid and Catherine Bosley ZURICH, Feb 23 – Swiss consumption is set to accelerate and spending growth is likely to reach levels last seen in 2008, the UBS consumption indicator showed, a fresh sign that the country’s economic recovery is Swiss consumption picks up industry cautious

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Gold bullion vs. Gold Numismatics | Gold Video Blog

Filed in African Gold, Australian Gold, ceo, Gold by on February 14, 2010 0 Comments

Craig R. Smith, CEO of Swiss America, discusses the price and value of gold bullion coins vs. gold numismatic coins on CNNfn’s The Money Gang-Jan. … i heard they were going to invest theyre money into gold because theyre value is so high and gold was always really high in price in stocks that if or when they do invest into gold… the price of gold will skyrocket because chinas investment into it and you will see your stock increase by a ton. but im not a stock expert but …

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