Archive – Banking & Fintech

Light emerges at the end of new Alpine tunnel

This content was published on Dec 13, 2002 After two years of digging, miners shook hands as they met in an 8.9 kilometre stretch of the tunnel, which will eventually link the Bernese Oberland with Valais. The link-up is the first of five break-throughs that will be required to complete the 34.6 kilometre rail tunnel – called the Lötschberg – which will help…

People’s wine goes under the hammer

This content was published on Dec 13, 2002 This year’s vintage, which has been described as “exceptional”, went under the hammer last week as part of a tradition dating back almost 200 years. Lausanne has held a public auction of its wines every second Thursday in December since 1803. This year 256,000 “ready-to-be-bottled” litres of red and white were divided into 400 lots,…

Ascom chairman takes helm as CEO

This content was published on Dec 13, 2002 The company announced on Friday that Urs Fischer would be stepping down as chief executive after less than two years in the job. Ascom said that merging the two top jobs was necessary so that the pace of its restructuring “can continue to be guaranteed”. Fischer’s departure is the latest in a string of resignations…

Swiss media celebrate Euro 2008 success

This content was published on Dec 13, 2002 But Uefa’s decision has come in for criticism, especially from the Scottish and Irish press. Newspapers in Scotland and Ireland – which submitted their own joint bid – were left fuming by Uefa’s decision to hand the world’s third biggest sporting event to Austria and Switzerland. The Glasgow “Herald” didn’t mince its words, saying Scotland…

Powering ahead

This content was published on Dec 12, 2002 Recent innovations include high-power circuit breakers, new technology for making car windshields and cleaner fuel technology. One headline-grabbing technology is a micro-sensor which locates oil reservoirs by detecting micro-earthquakes. Ships from icebreakers to cruise liners are starting to install ABB’s Azipod propulsion system which has proved more efficient than conventional diesel propulsion. The company has…

Swiss stand firm on EU tax offer

This content was published on Dec 12, 2002 EU ministers – who met on Wednesday – will resume talks in the new year on a system to stem tax evasion. The EU wants Switzerland to ease banking secrecy to guarantee the taxation of EU citizens’ interest earnings held in Swiss banks. However, the Swiss finance ministry said Switzerland stood by its offer of…

EU finance ministers put off tax deal to 2003

This content was published on Dec 11, 2002 They want Switzerland to ease banking secrecy to allow the taxation of EU citizens’ savings income in Swiss banks. EU finance ministers meeting in Brussels on Wednesday said they would resume talks on January 21. “It was impossible to reach a deal because some member states needed more time,” said Thor Pedersen, the Danish finance…

Oil disaster – who pays?

This content was published on Dec 11, 2002 That’s according to the International Maritime Organisation, which says the owners of the oil bear no legal responsibility. The oil washing up on Spain’s beaches won’t cost Crown Resources and the cantonal banks of Vaud and Geneva – who co-financed the shipment – a penny. They have only to reckon with possible tighter controls on…

Oil spill puts Swiss traders in spotlight

This content was published on Dec 11, 2002 A large share of the world’s oil, gas and agricultural products is traded through Swiss-based firms, most of which have an aversion to publicity of any kind. The oil currently seeping from the hull of the tanker, Prestige, is owned by Crown Resources in Zug, a subsidiary of a Russian firm. The company has refused…

Swiss venture scene: adapt or die

This content was published on Dec 11, 2002 The content of the one day confab, a yearly event, reveals the industry here is struggling to digest the lessons learned over the past few years. There is a need to rebuild trust among institutional investors due to a high number of failed technology firms on the Swiss market. Venture capital fund managers are having…

Archive – Banking & Fintech

Popular Stories

Most Discussed

Archive – Banking & Fintech

More

Light emerges at the end of new Alpine tunnel

More

People’s wine goes under the hammer

More

Ascom chairman takes helm as CEO

More

Swiss media celebrate Euro 2008 success

More

Powering ahead

More

Swiss stand firm on EU tax offer

More

EU finance ministers put off tax deal to 2003

More

Oil disaster – who pays?

More

Oil spill puts Swiss traders in spotlight

More

Swiss venture scene: adapt or die

Popular Stories

Most Discussed