Archive – Banking & Fintech

The Swiss at sea

This content was published on Nov 17, 2003 It’s a story which begins in 1941 when the neutral and landlocked country needed a guaranteed source of essential supplies. “We were completely isolated during the Second World War,” says François de Capitani, curator of the national museum at Prangins in the French-language region of Switzerland. “There were not enough neutral ships to bring in…

Science and tech hub opens in San Francisco

This content was published on Nov 14, 2003 San Francisco’s Swissnex aims to bring together people and ideas from both countries in the fields of science, technology, education and innovation. The city is one of the United States’ major research and development poles, with two leading universities, Stanford and Berkeley, and nearby Silicon Valley providing impetus for growth. The surrounding Bay Area is…

Small businesses give the thumbs up to banks

This content was published on Nov 14, 2003 The results showed that most small and medium enterprises (SMEs) had access to credit, and that poor communication was responsible for perceived problems. The study “The challenges in the dialogue between banks and SMEs” was published on Friday and was carried out by the State Secretariat for Economic Affairs (Seco) and several economic partners. “We…

Esmertec wins praise and venture capital

This content was published on Nov 14, 2003 Although the figure is not official, industry insiders (“EETimes” and “VentureWire”) say that esmertec has raised some €23 million this quarter from investors. That amount – the company’s third round – makes it one of the largest venture investments in an innovative Swiss company outside of the biotechnology industry this year. Customers of the Zurich-based…

North-South rail link will be “faster than flying”

This content was published on Nov 13, 2003 When the whole line is finished in 2015, the current journey time from Zurich to Milan will be halved. Switzerland’s involvement in the project is part of its commitment to build two new transalpine rail links: one at the Gotthard, and the other at the Lötschberg in canton Bern. The aim is to ease the…

Ascom cuts jobs and boosts capital

This content was published on Nov 12, 2003 Ascom also said it would be issuing 13.5 million new shares to strengthen its balance sheet and cut debt, as part of a drastic restructuring programme. The company added that a capital increase of SFr74.25 million, already fully underwritten by a syndicate led by Credit Suisse First Boston, would strengthen its capital base. Shareholders are…

Holcim profit up slightly

This content was published on Nov 12, 2003 Operating income at the world’s second-largest cement concern was also virtually unchanged at SFr1.55 billion. This figure was reached on 5.4 per cent lower net sales of SFr9.395 billion. Holcim said at a news conference in Zurich on Wednesday that net profit had actually climbed by 8.2 per cent in local currency terms. The result…

Ziegler condemns worldwide hunger

This content was published on Nov 12, 2003 Presenting a report to the UN, Ziegler strongly criticised conditions in the Palestinian territories, saying the situation was bordering on a humanitarian catastrophe. Addressing the General Assembly in New York on Tuesday, Ziegler likened the Israeli government’s policy towards the Palestinian territories to an “apartheid system”. He said that 61 per cent of Palestinians were…

UBS profit outstrips forecasts

This content was published on Nov 11, 2003 UBS, the world’s largest asset manager, said on Tuesday that in the third quarter clients brought SFr20 billion in net new assets. “It is our most profitable quarter in three years, with performance up in all our businesses compared to last year,” commented CEO Peter Wuffli. “We captured revenue opportunities despite volatile markets, particularly in…

Crowning moment for Victoria-Jungfrau director

This content was published on Nov 10, 2003 It is the latest of many honours bestowed upon Emanuel Berger and his Interlaken hotel. Berger, who was chosen by the readers of “Hotels” magazine, the official publication of the International Hotel and Restaurant Association, received the award at a ceremony in New York on Monday night. Ahead of the event, Berger told swissinfo of…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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The Swiss at sea

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Science and tech hub opens in San Francisco

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Small businesses give the thumbs up to banks

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Esmertec wins praise and venture capital

More

North-South rail link will be “faster than flying”

More

Ascom cuts jobs and boosts capital

More

Holcim profit up slightly

More

Ziegler condemns worldwide hunger

More

UBS profit outstrips forecasts

More

Crowning moment for Victoria-Jungfrau director

Popular Stories

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