Archive – Banking & Fintech

Testing times for Swiss-German relations

This content was published on Sep 17, 2002 Experts hold out little hope of a thaw, even with a possible change of government in the country’s general election on Sunday. The two sides have been locked in a long-running dispute over an air transport accord aimed at reducing noise pollution from Switzerland’s main airport of Zurich, which lies less than 20 kilometres from…

Carrefour: slowly making its presence felt

This content was published on Sep 17, 2002 The French chain announced on Tuesday that it will build ten new hypermarkets in Switzerland, as well as convert 11 Jumbo warehouses. The move has sparked fears of a price war, and Switzerland’s big three supermarket chains – Migros, Coop and Denner – are understood to be watching developments closely. Coop spokesman Jörg Birnstiel said…

Zurich announces share offer

This content was published on Sep 17, 2002 The loss-making insurer has set the share price at a minimum of SFr65, which is in line with market expectations for the rights offering. Shareholders have been invited to an extraordinary meeting on October 11 in which the definitive pricing of the new shares and the exact number of stock to be issued will be…

“Swiss” reports lower-than-expected loss

This content was published on Sep 16, 2002 The loss was one third less than the company had forecast in its business plan. Swiss said on Monday it had made sales of SFr1.754 billion in the first six months of operations, far in excess of the SFr1.209 billion sales forecast. The business plan – drawn up last year – had predicted a loss…

Swiss Life seeks cash injection

This content was published on Sep 16, 2002 Shares in the company fell 12 per cent to SFr160 by the end of trading on Monday. Responding to weekend media reports, Swiss Life issued a statement in which it confirmed plans for a capital increase and stated that it planned to hold a meeting for shareholders on 23 October. The Zurich-based company added that…

PhotonFocus delivers sharper vision to industry

This content was published on Sep 16, 2002 The CSEM spinoff has just received venture capital funding and a significant sales contract. PhotonFocus makes advanced image sensors and cameras for high-end machine vision systems used in industrial robots to view, measure and capture images of products being manufactured or assembled. Venture financing The company closed its first round of venture financing last month,…

Marmots find sanctuary in Swiss reserve

This content was published on Sep 15, 2002 Marmots from around the world are being brought together in a unique experiment aimed at increasing understanding of the rodents. By the end of September there will be around 32 marmots from seven different species living in “Marmot Paradise” on the summit of Rochers-de-Naye (2,300m), which towers over the lakeside town of Montreux. The project…

Swiss restaurants go for better taste

This content was published on Sep 14, 2002 The “Goût Mieux” or “Taste Better” campaign, is organised by the World Wide Fund for Nature, and is the first of its kind in Europe. Dozens of restaurants have already joined the project, with more set to follow. The WWF offers a seal of approval to participating restaurants. In return, they are required to serve…

Nanocoatings to recharge Bühler

This content was published on Sep 13, 2002 The Institute for New Materials in Saarbrücken (INM) will help Bühler develop new products. Bühler, a 140-year-old, family-run company, which is based in Uzwil, near St Gallen, is already a major supplier of some of the equipment used to make nanopowders and nanoparticles. It now plans to offer high tech nanocoatings to the makers of…

Couchepin admits economic recession

This content was published on Sep 13, 2002 He was speaking a day after officials in his ministry played down talk of a recession. Interviewed on Friday by the mass-circulation “Blick” newspaper, Couchepin said Switzerland had been “technically” in recession. “But it was a recession with positive signs of private consumption,” he said. Couchepin’s State Secretariat for Economic Affairs (Seco) was forced on…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Testing times for Swiss-German relations

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Carrefour: slowly making its presence felt

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Zurich announces share offer

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“Swiss” reports lower-than-expected loss

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Swiss Life seeks cash injection

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PhotonFocus delivers sharper vision to industry

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Marmots find sanctuary in Swiss reserve

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Swiss restaurants go for better taste

More

Nanocoatings to recharge Bühler

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Couchepin admits economic recession

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