Archive – Banking & Fintech

Swisscom unveils 3G mobile services

This content was published on Nov 16, 2004 Swisscom said the Universal Mobile Telecommunications System (UMTS) would cover about 90 per cent of the population. Swisscom’s UMTS will transmit data initially at a rate of up to 384 kilobytes per second. This transmission speed means that customers will be able to see as well as speak to other subscribers using similar 3G handsets.…

Swiss flies into black – but for how long?

This content was published on Nov 16, 2004 Swiss posted a third quarter pre-tax operating profit of SFr20 million ($17 million), but pledged to keep cutting costs in the face of high fuel costs and fierce competition from low-cost European carriers. Dieter Schneiderbauer, an aviation specialist with Mercer Management Consulting, told swissinfo that the positive quarterly results showed that Swiss had “done a…

Top Swiss firms become more transparent

This content was published on Nov 16, 2004 The report by Geneva-based funds manager, Ethos, says corporate governance has improved among many firms in the past year, but all businesses could do better. The survey into the country’s top 100 firms considered two criteria: whether the workings of the companies were transparent, and if they used best-practice guidelines set by the SWX. Top…

How bright is the future for 3G technology?

This content was published on Nov 16, 2004 Companies are hoping consumers will latch on to 3G phones, which include speedy access to video and music services. The Universal Mobile Telecommunications System (UMTS) is considered the next big step for mobile phone technology. The biggest difference to earlier systems is UMTS’ capacity to carry high-quality video over the network. The heads of major…

Chocolate production hit by Ivory Coast unrest

This content was published on Nov 16, 2004 Like other foreign companies, Nestlé and Barry Callebaut have been affected by the unrest but say it is too early to tell what impact it will have on their figures. Nestlé’s two factories in the West African country have been closed for a week. Company spokesman François-Xavier Perroud said that it was unclear when they…

Swiss flies into the black for first time

This content was published on Nov 16, 2004 In the third quarter the carrier posted a profit from operating activities (Earnings Before Interest and Tax) of SFr20 million ($17 million). Net profit was SFr16 million, compared with a net loss of SFr276 million for the same period last year. Swiss had posted a technical second-quarter profit of SFr45 million, but that figure masked…

Swiss railways bank on e-ticketing

This content was published on Nov 15, 2004 Railway boss Benedikt Weibel told the “Tages-Anzeiger” newspaper that the system could allow for the introduction of differentiated pricing. According to Weibel, travellers will be able to buy their tickets by sending an SMS – indicating their departure station and destination – to a special number. They will then receive a message that can be…

Swiss-Mexican visit helps relaunch trade ties

This content was published on Nov 14, 2004 That was one of the conclusions drawn by Swiss president Joseph Deiss, who spoke to swissinfo on the final day of his three-day visit. Deiss said the visit came at a time when trade relations were again improving rapidly, but after two years of relative “stagnation” in the wake of a “rapid start” following the…

Mexico shows enthusiasm for Switzerland

This content was published on Nov 14, 2004 A delegation of Swiss business leaders who accompanied Deiss have also expressed satisfaction about their visit. “I have rarely felt in such a distant country such a high interest in Switzerland,” commented Deiss to journalists after a visit to the pyramids of Teotihuacan. He said that contacts with the political leaders of the central American…

Swisscom plans even more job cuts

This content was published on Nov 13, 2004 Alder told German-language Swiss radio that costs had to be reduced because he saw no growth at Switzerland’s largest telecoms provider over the next three years. Swisscom announced only on Wednesday that it was cutting about 390 jobs in 2005, mainly in the regions of Bern and Zurich. Alder said that with prices constantly falling,…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Swisscom unveils 3G mobile services

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Swiss flies into black – but for how long?

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Top Swiss firms become more transparent

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How bright is the future for 3G technology?

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Chocolate production hit by Ivory Coast unrest

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Swiss flies into the black for first time

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Swiss railways bank on e-ticketing

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Swiss-Mexican visit helps relaunch trade ties

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Mexico shows enthusiasm for Switzerland

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Swisscom plans even more job cuts

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