Archive – Banking & Fintech

Frankfurt eyes link-up with Swiss bourse

This content was published on Jul 19, 2004 The SWX said both parties planned to hold negotiations but would not comment on speculation about a possible merger of the two exchanges. “I can confirm that we have received a letter to enter talks about a closer cooperation, but I can’t comment further on the contents,” said SWX spokesman Werner Vogt. A spokesman for…

Swiss bourse spurns Frankfurt’s advances

This content was published on Jul 19, 2004 The SWX’s decision comes in response to an invitation from Deutsche Börse in July to start talks. The SWX ruled out for the time being any sale, merger or total integration of the group into another exchange, said a statement following a board meeting on Friday. The board added that, as an “independent organisation”, it…

Roche sails back into the black

This content was published on Jul 19, 2004 The company said its growth had “significantly” outpaced the global market, with total sales up by six per cent to SFr31.2 billion. And Roche said it expected to grow faster than its peers again this year. “We are pleased to report that we achieved our ambitious goals in 2003. Together our core pharmaceuticals and diagnostics…

Cloud hangs over Basel’s chemical industry

This content was published on Jul 19, 2004 The study makes gloomy reading for workers in Switzerland’s chemicals capital, Basel. The latest European Chemical Industry Council (CEFIC) report says that although the continent’s chemical and pharmaceutical companies may continue to thrive, large numbers of jobs are likely to be lost, as companies relocate operations to Asia to take advantage of lower production costs.…

Roche to expand biotech business

This content was published on Jul 19, 2004 The company plans to build a new facility at its headquarters in Basel and an additional centre in Germany over the next three years. The company, which is the world’s leading maker of cancer drugs, said the new research centres would be used to make ingredients for two anti-cancer medicines, Avastin and Herceptin. Avastin –…

Swiss cautiously optimistic about WTO talks

This content was published on Jul 19, 2004 World Trade Organization (WTO) negotiations collapsed last September amid disagreement over agricultural subsidies. Developing countries want Europe and the United States to drop subsidies worth some $350 billion (SFr435 billion) a year to farmers, so they can compete on a level playing field. But Switzerland’s farmers have called on the government to defend their interests…

Swiss to pilot European aviation authority

This content was published on Jul 18, 2004 André Auer stepped down last August as head of Switzerland’s civil aviation office amid accusations that he had failed to arrest a decline in air safety standards. Auer said he would take up his new position as JAA chief executive at the beginning of November. His main task will be to ensure the smooth transition…

Swiss help Syrians revive ancient water system

This content was published on Jul 17, 2004 The restoration of “qanats” – underground tunnels that tap groundwater and direct it to towns and agricultural land – offers a sustainable way of managing scarce water resources. The Swiss Agency for Development and Cooperation (SDC) is backing a project to restore the tunnels in Qara, a town of 20,000 people about an hour outside…

Swiss farmers fear lower prices as EU expands

This content was published on Jul 16, 2004 But the biggest challenge facing Swiss farmers is the lifting of export subsidies and the dismantling of trade barriers, which will have far-reaching consequences. “EU enlargement will have no immediate impact on Swiss agriculture,” Christian Häberli of the Federal Office for Agriculture told swissinfo. “Far more significant will be the impact of the agriculture accord…

EU calls time on sweeteners for sugar producers

This content was published on Jul 16, 2004 The European Commission on Wednesday endorsed a proposal to slash sugar production and cut prices by a third. The move comes as pressure mounts on the EU to reform its agricultural support programmes. Critics say the EU’s policy of providing subsidies to sugar producers distorts world markets and harms the interests of farmers in the…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Frankfurt eyes link-up with Swiss bourse

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Swiss bourse spurns Frankfurt’s advances

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Roche sails back into the black

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Cloud hangs over Basel’s chemical industry

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Roche to expand biotech business

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Swiss cautiously optimistic about WTO talks

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Swiss to pilot European aviation authority

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Swiss help Syrians revive ancient water system

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Swiss farmers fear lower prices as EU expands

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EU calls time on sweeteners for sugar producers

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