Archive – Banking & Fintech

Geneva station gets a controversial facelift

This content was published on Aug 6, 2004 But in a third report on Swiss stations, swissinfo finds that a new outdoor platform at the city’s terminus is being described by some residents as an urban eyesore. “This is a ridiculous and pointless monstrosity,” a veteran taxi driver told swissinfo. “It is nothing but chaos trying to access this station by road.” One…

Parmalat adds CSFB to list of lawsuits

This content was published on Aug 6, 2004 CSFB is the latest company to be targeted by the bankrupt group, which has already filed lawsuits against several banks, including UBS, and its former auditors. Parmalat said on Thursday that it had filed a lawsuit in Parma, Italy. It wants to recover the money, plus interest, related to a bond issue that CSFB underwrote…

Falling unemployment fails to comfort consumers

This content was published on Aug 6, 2004 But the steady decline is failing to reassure consumers who say they are reluctant to spend for fear of losing their jobs. Figures from the State Secretariat for Economic Affairs (Seco) on Friday showed that the number of jobless had fallen by 978 people to 143,125. The number of people looking for work also declined…

Taxpayers target politicians’ pay

This content was published on Aug 5, 2004 The Swiss Taxpayers Association has launched a campaign calling for their annual salary to be cut from SFr340,000 ($266,000) to SFr280,000. The association, which has links to the rightwing Swiss People’s Party, says this would bring canton Zurich into line with other Swiss cantons, none of which pays its local government members more than SFr300,000…

Clariant adds colour to its results

This content was published on Aug 5, 2004 The group, which is based near Basel, reported on Tuesday that it made a net profit of SFr54 million ($42.31 million) compared with a SFr51 million loss last year. Sales climbed to SFr2.213 billion in the second quarter from SFr2.167 billion a year ago, as the company benefited from an upswing in its markets, particularly…

Beekeepers brace for killer parasite

This content was published on Aug 5, 2004 But they concede it is only a matter of time before the small hive beetle spreads to Switzerland where conditions are ideal for it to reproduce rapidly. The beetle, which kills bee larvae and destroys honeycomb, can infest live bees, honey, beeswax and other bee products. “We fear this parasite is likely to spread to…

Belgian airline shows Swiss route to profitability

This content was published on Aug 5, 2004 But aviation experts say Swiss could learn from the case of Belgian airline SN Brussels, which was also launched two years ago and has already turned a profit. SN Brussels was set up following the demise of Belgium’s national carrier, Sabena, which went bust in 2001 with the loss of 12,000 jobs. The collapse was…

Satellites offer hope of safer skies

This content was published on Aug 4, 2004 The system, which has taken 15 years and millions of Swiss francs to develop, works by replacing all the cockpit instruments with just one device. The Global Integrated Air Navigation System (Gians) is the brainchild of Zurich-based research engineer Kurt Tschannen. “There are too many instruments [in aircraft cockpits]… pilots have to interpret these and…

Credit Suisse profit beats expectations

This content was published on Aug 4, 2004 Switzerland’s second-largest bank said it had seen solid growth in its flagship wealth management business and healthy investment income at its Winterthur insurance unit. But caution about future prospects sent the group’s share price falling at the stock exchange as investors seemed to ignore the figures and focus on the bank’s tough tasks ahead. Following…

Athens Olympics get a taste of Switzerland

This content was published on Aug 3, 2004 The House of Switzerland was officially opened in the Greek capital at the end of July. Funded by the Swiss Olympic Association, the Swiss foreign ministry and 40 sponsors, it will operate for the duration of the games. The House of Switzerland is operating out of the Hermione restaurant, a local landmark. It is specialising…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Geneva station gets a controversial facelift

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Parmalat adds CSFB to list of lawsuits

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Falling unemployment fails to comfort consumers

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Taxpayers target politicians’ pay

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Clariant adds colour to its results

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Beekeepers brace for killer parasite

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Belgian airline shows Swiss route to profitability

More

Satellites offer hope of safer skies

More

Credit Suisse profit beats expectations

More

Athens Olympics get a taste of Switzerland

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