Archive – Banking & Fintech

“Swiss” tackles image problem

This content was published on Aug 23, 2002 Swiss said it had appointed a new security chief to sort out the problems that have dogged the carrier since its launch in April. The new position of chief operating officer is to be filled on an interim basis by the Dutch air safety expert, Karel Ledeboer, who has more than 30 years experience working…

Sarasin joins competitors in downsizing

This content was published on Aug 23, 2002 The bank announced on Friday that it would cut 100 jobs by the end of the year, after reporting a surprise net loss for the first half of SFr33.18 million ($21.85 million). Sarasin said in a statement that goodwill charges and restructuring costs for the integration of the private banking business of the Netherlands Rabobank…

Swiss Army Brands come home

This content was published on Aug 23, 2002 But the Swiss knife maker Victorinox has told swissinfo it intends to bring the store home by buying the stake it doesn’t own. The Swiss Army Brands store in New York sells all manner of things from luggage to watches to t-shirts, all emblazoned with the instantly recognisable white cross on a red shield. But…

Sensor startup has a sense for business

This content was published on Aug 23, 2002 The firm was helped by substantial venture capital investment and some savvy management decisions. Sensorix makes analytical instruments based on biosensor and chemical sensor technology. The startup has a high potential business model that sees the company commercializing not just the sensor technology, but a complete, flexible, automated sampling and analysis unit or platform that…

Centerpulse returns to health

This content was published on Aug 23, 2002 Profits exceeded the SFr81-88 million expected by analysts. The Zurich-based company fought its way back to profitability after a liability settlement over faulty hip and knee implants, pushed it to a SFr1.19 billion loss in 2001. The faulty implants affected 30,000 people, mainly in the United States, and dented the reputation of the firm leading…

Novartis accused of using stolen trade secrets

This content was published on Aug 22, 2002 Glaxo on Thursday confirmed that it has filed lawsuits against Novartis and its unit Geneva Pharmaceuticals, along with firms from Germany, India and Israel. Novartis, which says it will fight the suit, is alleged to have produced generic copies of Glaxo’s antibiotic, Augmentin. Alan Chandler, a Glaxo spokesman, said the company had recently carried out…

Deregulation has chequered history

This content was published on Aug 22, 2002 Stories about California, the richest state in America, being plunged into darkness by power cuts led many to believe that deregulation could never benefit consumers. But energy analysts now blame poor pricing policy for the California catastrophe, and suggest that the state’s process of deregulation was conducted in such an amateur manner that it could…

Liberalisation seen as inevitable

This content was published on Aug 22, 2002 Vaterlaus works in the Bern office of Plaut Strategy business consultants, which counts a number of Swiss power companies among its clients. “We are in the process of opening the electricity market throughout Europe, including Switzerland,” Vaterlaus told swissinfo. “The only question is whether we have a controlled process or a free for all.” And…

Government calls for opening up of electricity market

This content was published on Aug 22, 2002 The new law will go to a nationwide referendum on September 22 and follows moves across Europe to open up power markets. At a press conference to launch the government’s campaign in favour of the legislation, energy minister Moritz Leuenberger said liberalisation of the electricity market was already happening, and that by supporting the new…

Swisscom profits down as competition bites

This content was published on Aug 22, 2002 Swisscom said it had met its objectives in the first half of the year despite difficult market conditions. Sales climbed slightly to SFr7.1 billion, and its mobile phone unit performed well, with the number of subscribers increasing by 9.1 per cent to 3.49 million. The company, one of the few telecom operators to turn a…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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“Swiss” tackles image problem

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Sarasin joins competitors in downsizing

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Swiss Army Brands come home

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Sensor startup has a sense for business

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Centerpulse returns to health

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Novartis accused of using stolen trade secrets

More

Deregulation has chequered history

More

Liberalisation seen as inevitable

More

Government calls for opening up of electricity market

More

Swisscom profits down as competition bites

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