Archive – Banking & Fintech

UN agency says growth key to combating poverty

This content was published on Jun 19, 2002 Issued on Tuesday by the UN Conference on Trade and Development (UNCTAD), the report also warns that poverty is set to increase around the world by 30 per cent – up from 307 million today to 420 million by 2015. Switzerland backed the report’s primary conclusion – that encouraging economic growth was the best way…

Alpine exhibition reaches summit

This content was published on Jun 19, 2002 The Forum of Swiss History has sent its summer exhibition packing. After a brief showing at the museum in canton Schwyz, the 14 exhibitions have been transported to mountain huts in central Switzerland owned by the Swiss Alpine Club. As the museum’s contribution to the Unesco International Year of Mountains, the series – titled “Meeting…

Biotech industry bucks global downturn

This content was published on Jun 18, 2002 The industry survey by accountancy giant, Ernst & Young, says venture capital funding is on the rise and the product pipeline looks extremely healthy. The Swiss position is mirrored internationally. Despite last year’s economic downturn, 2001 was the second biggest financing year ever for the global biotech industry, which is worth $35 billion in public…

Mystery Park receives financial boost

This content was published on Jun 18, 2002 The man behind the theme park, best-selling Swiss author, Erich von Däniken, said on Tuesday that after months of uncertainty the outstanding SFr35 million ($22.5 million) required for the project had been secured. But Von Däniken confirmed that the opening of the park – scheduled for November 7 – would be delayed until May 2003.…

Senior banker warns of threat to Swiss economic recovery

This content was published on Jun 18, 2002 During a keynote speech in Bern on Tuesday, the vice-president of the Swiss National Bank (SNB), Bruno Gehrig, said Europe could face “a rude awakening” if the value of the dollar slides too quickly. At the beginning of June, the dollar fell to its lowest level against the Swiss franc in two and half years.…

Swiss press rallies against Fagan lawsuit

This content was published on Jun 18, 2002 The Zurich-based newspaper, “Tages Anzeiger”, was openly hostile to Ed Fagan’s latest crusade. It said Swiss banks were a “sitting target” for Fagan, because they “paid up quickly and were so scared.” But the paper also questioned Fagan’s credibility, describing him as a vociferous “PR-manager” liable to crop up wherever there was a lucrative claim…

Swiss get green light on new EU negotiations

This content was published on Jun 17, 2002 European Union foreign ministers agreed on Monday to discuss the mandates for a series of outstanding dossiers on forging closer ties with Switzerland. The first round of negotiations focusing on the issue of taxation of EU citizens’ savings is due to begin on Tuesday in the Swiss capital, Bern. Although preliminary talks started months ago,…

Mountain experts unite for summit push

This content was published on Jun 17, 2002 The five-day international conference in Adelboden is hoping to prepare a strategy – the Adelboden Declaration – that would be presented to the World Summit on Sustainable Development in Johannesburg, South Africa, in August. “The most important challenge for mountain regions is that they are being hit by the negative trade-offs of globalisation perhaps more…

Nestlé takes bigger scoop of US ice cream market

This content was published on Jun 17, 2002 In a statement released on Monday, Nestlé said it merge its US ice cream business with Dreyer’s, resulting in Nestlé ownership of 67 per cent of the combined company. The Vevey-based company said its subsidiary Nestlé Holdings USA, which already owns 23 per cent of Dreyer’s shares, had entered into “a definitive agreement” to combine…

Cement boss steps down over insider dealing claims

This content was published on Jun 17, 2002 Schmidheiny, who is being investigated by the Spanish authorities over the purchase of private shares in a Spanish company, said he was standing down as chairman of the cement company board for the duration of the legal proceedings. Holcim – one of the world’s leading suppliers of cement – said that Schmidheiny had informed it…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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UN agency says growth key to combating poverty

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Alpine exhibition reaches summit

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Biotech industry bucks global downturn

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Mystery Park receives financial boost

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Senior banker warns of threat to Swiss economic recovery

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Swiss press rallies against Fagan lawsuit

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Swiss get green light on new EU negotiations

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Mountain experts unite for summit push

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Nestlé takes bigger scoop of US ice cream market

More

Cement boss steps down over insider dealing claims

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