Archive – Banking & Fintech

Report explodes myth of Swiss economic divide

This content was published on Oct 26, 2004 The report undermines frequent claims by French-speaking Swiss that they are short-changed by their Swiss-German neighbours. According to the survey, published on Tuesday, the myth of an economic “Röstigraben” – the tongue-in-cheek German name for the country’s linguistic dividing line – is hard to prove. “Contrary to frequent claims, current economic growth and the industry…

Commuter nation chooses the car

This content was published on Oct 26, 2004 Two studies released on Tuesday show that the number of commuters has more than doubled since 1970, and that increasing numbers live and work in different cities. The information, compiled by the Federal Statistics Office, is based on the population census of 2000. Six out of ten people work outside the municipalities in which they…

Government reinforces “smoking kills” message

This content was published on Oct 26, 2004 Terms such as “light” and “mild” will be banned from tobacco products as part of a concerted drive to remind the public of the dangers of smoking. The revision of the tobacco ordinance comes into force on November 1. But manufacturers have 18 months to comply for cigarettes and 30 months for other tobacco products.…

ABB unveils major expansion plans in China

This content was published on Oct 25, 2004 The announcement is the latest example of the extent to which the most populous country in the world is becoming the key target market for companies worldwide. Chairman and CEO Jürgen Dormann told a news conference on Monday that ABB planned to invest at least $100 billion (SFr120 billion) in China and double annual sales…

Switzerland calls on companies to clean up their act

This content was published on Oct 22, 2004 Switzerland wants companies to take greater responsibility for the mess caused by their activities. “One of the major issues we’re promoting is the inclusion of businesses in the responsible disposal of all sorts of objects and substances, ranging from computers to chemical pollutants,” said Beat Nobs, head of the Swiss delegation to the meeting. “We…

Nestlé boss predicts sure and steady growth

This content was published on Oct 22, 2004 In an interview with swissinfo, Brabeck explains why this approach is an important factor in the Swiss multinational’s success. The Vevey-based company announced on Thursday that sales for the first nine months of the year were flat at SFr64.6 billion ($53 billion) – the same figure as last year. The company, which makes Nescafé instant…

Swiss firms lose ground in Europe-wide rankings

This content was published on Oct 22, 2004 In terms of 2003 revenue, 35 of Europe’s top 500 firms were Swiss – but that figure is down from 51 in 2002 and 60 the year before. The Euro Top 500 league, compiled annually by the Zurich-based “HandelsZeitung” newspaper, shows that Switzerland comes in fifth place overall behind Britain, Germany, France and the Netherlands…

Trade surplus reaches four-year high

This content was published on Oct 21, 2004 The Swiss Customs Office said the result was due to favourable global economic conditions and rising domestic demand. According to customs officials, the chemical, machine and electronics industries were the sectors that benefited most from the improved economic situation. The trade surplus increased nearly two thirds over the same period last year. While imports were…

Swiss retailers prepare for price war

This content was published on Oct 21, 2004 But in an interview with swissinfo, retail sector expert James Bacos says the Swiss market leaders are much better positioned to fight their patch than their German colleagues. Bacos, director of Mercer Management Consulting’s Munich branch, is the co-author of a recent study into Germany’s “discount store wars”, which have seen Aldi and Lidl capture…

Swiss financier must stay behind bars

This content was published on Oct 20, 2004 Behring is being investigated on suspicion of financial investment fraud involving several hundred million francs. Law enforcement officials in cantons Basel City and Zurich as well as the Federal Prosecutor’s Office are carrying out the investigations. Two members of Behring’s staff who were taken in for questioning have since been released. But a fourth member…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Report explodes myth of Swiss economic divide

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Commuter nation chooses the car

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Government reinforces “smoking kills” message

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ABB unveils major expansion plans in China

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Switzerland calls on companies to clean up their act

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Nestlé boss predicts sure and steady growth

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Swiss firms lose ground in Europe-wide rankings

More

Trade surplus reaches four-year high

More

Swiss retailers prepare for price war

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Swiss financier must stay behind bars

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