Archive – Banking & Fintech

Marseilles gears up for America’s Cup verdict

This content was published on Nov 21, 2003 The French port city of Marseilles is among the four contenders still in the running. On November 26, Marseilles will find out whether it has been chosen above Naples, Valencia and Lisbon to hold the 32nd America’s Cup. As the decision gets closer, the city has pulled out all the stops in a bid to…

Swiss VC bounces back after third quarter low

This content was published on Nov 21, 2003 But the fourth quarter is already showing a healthy upswing, according to Nick Blaydes of the venture capital advisory group at Ernst & Young in Zurich. According to Blaydes, it will “produce the strongest quarterly results of the year, thanks to large financing rounds” completed by the Genetics Company, Nemerix and esmertec. The Genetics Company…

No quick solution to Abacha millions

This content was published on Nov 20, 2003 But Switzerland has assured the Nigerian government that resolving the case is a very high priority. The Nigerian finance minister, Ngozi Okonjo Iweala, held talks in Bern with the Swiss justice minister Ruth Metzler, in the hope of speeding up the release of the money. Abacha is believed to have deposited over SFr800 million ($615…

Silver surfers gain access to the world

This content was published on Nov 20, 2003 At a time when emails and text messages are becoming a major source of news, Switzerland is offering support to those who still get lost in the world wide web. The Swiss organisation for the elderly, Pro Senectute, is offering computer workshops for older people who may find the new technology daunting. “Computerias” – informal…

ABB stakeholders give green light to rights issue

This content was published on Nov 20, 2003 The issue of 840 million shares is part of a multibillion-dollar package to give the power and automation technology group a fresh financial start. It comes one day after ABB completed the first stage of its refinancing plan with a bond sale worth €650 million on Wednesday. Addressing the special shareholders’ meeting in Zurich, chief…

Outsourcing feeds India’s computer industry

This content was published on Nov 20, 2003 The $13 billion (SFr17.6 billion) sector employs an estimated 750,000 people and includes giants like Infosys, Tata Consultancy Services (TCS) and Wipro. “India is beginning to make its mark as a global service provider,” said Phiroz Vandrevala, a director at TCS. “Our main obstacle is the artificial barriers put up by industrialised nations, which block…

Finland leads the technology pack

This content was published on Nov 20, 2003 In fact, almost 90 per cent of Finns own a mobile phone, and one in two regularly surfs the web. However, first impressions of the capital, Helsinki, do not call to mind a metropolis surfing the crest of the technology wave. On a damp, autumn day the austerity of the city’s sombre facades does little…

Foreign investors dominate Czech media

This content was published on Nov 20, 2003 But the euphoria that came with the restoration of press freedom is slowly giving way to fears that the Czech media is being stifled by foreign investors. In Prague’s historic cafés, the wind of freedom is blowing. Customers leaf through newspapers and magazines of every kind while sipping coffee. Many of the city’s old literary…

Swiss publishers stamp mark on Eastern Europe

This content was published on Nov 20, 2003 Despite difficult beginnings following fall of Communism, Ringier, Edipresse and Macquard Media have all managed to produce popular newspapers and magazines. In the heart of the Czech capital, Prague, the imposing headquarters of the Ringier group stand out in a street lined with sombre buildings in need of renovation. Inside, it is a hive of…

Swiss firms cosy up to Chinese dragon

This content was published on Nov 20, 2003 During his five-day visit to China, Swiss President Pascal Couchepin is aiming to smooth the way for closer economic and business ties between the two nations. Shortly after Couchepin’s arrival, Beijing announced that Switzerland would be granted Approved Destination Status (ADS), a decision that is expected to draw vast numbers of Chinese tourists to the…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Marseilles gears up for America’s Cup verdict

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Swiss VC bounces back after third quarter low

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No quick solution to Abacha millions

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Silver surfers gain access to the world

More

ABB stakeholders give green light to rights issue

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Outsourcing feeds India’s computer industry

More

Finland leads the technology pack

More

Foreign investors dominate Czech media

More

Swiss publishers stamp mark on Eastern Europe

More

Swiss firms cosy up to Chinese dragon

Popular Stories

Most Discussed