Archive – Banking & Fintech

Enthusiasts flock to car show despite downturn

This content was published on Mar 5, 2003 But behind the bright lights and sleek bodies the industry is battling to cope with falling sales and the threat of a deeper downturn if war breaks out in Iraq. Opening the event at Geneva’s Palexpo, Swiss president Pascal Couchepin said he hoped that people buying new cars would take environmental issues into consideration. “Is…

Angels flock at SWX

This content was published on Mar 5, 2003 Some 100 business angels flocked to SWX to learn about new investment opportunities and to select a winning business plan, as well as the angel of the year. This region’s Business Angel of the Year is described by his peers as “a man of action”. Georg H Endress, a sprightly senior citizen, is co-founder and…

Sulzer records higher 2002 profit

This content was published on Mar 5, 2003 Sulzer said profit had jumped to SFr83 million ($62 million) from a breakeven result of SFr2 million the year before. But consolidated operating income during the same period was down two per cent on the previous year at SFr143 million ($108 million). Sales during the period also fell slightly, to SFr1.946 billion from SFr1.965 billion…

Givaudan profits slip

This content was published on Mar 5, 2003 The company blamed the worse than expected result on impairment charges on its investment portfolio. But Givaudan results issued on Wednesday showed an 11 per cent increase in turnover to SFr2.67 billion. Sales in 2002 were boosted by the company’s acquisition of Nestlé’s Food Ingredients Specialties business (FIS). The Geneva-based company said profits had been…

A holiday in Samnaun is anything but taxing

This content was published on Mar 3, 2003 It is one of a handful of villages in a remote valley bordering Austria which benefit from a unique status that has made them the envy of other high-altitude destinations. The resort is linked with the neighbouring Austrian resort of Ischgl, and together they boast the largest ski area in the eastern Alps – the…

Old posters say more than a thousand words

This content was published on Mar 1, 2003 The simple but strong images found in Beatrice Müller’s vast collection is proof of the old adage that a picture says more than a thousand words. Tucked away in the basement of a tidy, three storey house near Zurich’s art museum, the gallery is not easy to find, and some of the treasures it contains…

“Black week” ends with growth warning

This content was published on Mar 1, 2003 On Friday, the Swiss Institute for Business Cycle Research’s quarterly barometer showed that growth would remain flat. The grim prognosis follows days of negative financial headlines, dominated by record losses and thousands of job cuts. Many of Switzerland’s top firms, including financial giants Credit Suisse and Zurich Financial Services, alongside the engineering group ABB and…

Zurich’s esmertec acquires competitor’s business

This content was published on Feb 28, 2003 The Zurich-based firm purchased the unit to expand its market share and fight off a key competitor in its target market. “Insignia had gained significant market share in the embedded systems and handheld market,” said Alain Blancquart, esmertec’s CEO. “It had recently decided to target mobile phones, which is our market niche,” he said. The…

Swiss drug market grows amid high price concerns

This content was published on Feb 28, 2003 The actual volume of drugs sold went down, but total income grew by 6.6 per cent. The rate of growth was less than that of the previous year, which was 9.6 per cent. Industry associations blamed falling drug prices and the rising popularity of generics in the Swiss market. Presenting the results on Friday were…

The Swatch celebrates its 20th birthday

This content was published on Feb 28, 2003 The fashion timepiece rapidly became a competitor to cheap quartz watches produced in the Far East, which had threatened to put Swiss watchmakers out of business. The Swatch was launched in Zurich on March 1, 1983, with 12 models priced at between SFr39 and SFr50. It became an instant hit in Switzerland. Some months later,…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Enthusiasts flock to car show despite downturn

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Angels flock at SWX

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Sulzer records higher 2002 profit

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Givaudan profits slip

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A holiday in Samnaun is anything but taxing

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Old posters say more than a thousand words

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“Black week” ends with growth warning

More

Zurich’s esmertec acquires competitor’s business

More

Swiss drug market grows amid high price concerns

More

The Swatch celebrates its 20th birthday

Popular Stories

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