Discussing the diplomatic row with Cambodia over fugitive former Thai prime minister Thaksin Shinawatra, Korn Chatikavanij, finance minister of Thailand, says it is a bilateral issue and it will not be raised in the APEC meetings.
"The Swiss financial sector (is) adopting the global standards on exchange of information in tax matters," Urs Roth, CEO of Swiss Banking Association, said Thursday as he considers the future of the industry. Swiss banks have weathered the crisis well, he added.
"There's a certain risk that growth will surprise to the upside in the very short term. This is due to a normalization of inventories and the usual thing of people being too skeptical," Christian Gattiker from Julius Baer said Thursday. "The second half of next year is still rather on the bumpy side."