Archive – Banking & Fintech

Four Swiss firms make the Tornado Insider 100

This content was published on Jun 11, 2002 The ‘Tornado Insider 100’ selection criteria favors companies that demonstrate that the technology they are commercializing today will change the way things are done tomorrow. One of the top ten is Cytos Biotechnology, which aims to create a new class of drug and disease treatments. The company employs 170 people and is considered one of…

KPMG Consulting to buy Europe operations

This content was published on Jun 10, 2002 It reported that it was acquiring the consulting activities of KPMG in Switzerland, Germany and Austria (KCA) for $685 million (SFr1.07 billion). In a statement from its group headquarters in Virginia, KPMG Consulting said that the deal would provide it with “immediate critical mass” in one of Europe’s largest and most important IT services markets.…

Biotech startup ESBAtech on track

This content was published on Jun 10, 2002 Swiss Venture Update has learned that a new investor is expected to join ESBAtech’s existing venture capital providers in the coming weeks. The terms are in negotiation so it is too early for the firm’s principles to confirm to the press, but a “post closing financing round” is in the works, according to Adrian Escher,…

Annan calls for action to match promises on hunger

This content was published on Jun 10, 2002 Annan opened the summit by urging greater access for the world’s farmers to land, credit, markets and technology to improve crop yields. The meeting, organised by the UN’s Food and Agriculture Organisation (FAO) is due to take stock of progress made towards ending hunger in the past five years and to look at ways of…

Tech firm breaks new ground in chemical analysis

This content was published on Jun 10, 2002 In the fiercely competitive world of pharmaceuticals, Chemspeed – which is based in Augst near Basel – took second prize at this year’s prestigious Swiss Economic Award ceremony. The winner was announced on Friday evening at the Swiss Economic Forum in the Bernese Oberland resort of Interlaken. Chemspeed makes automated parallel synthesis workstations, essentially powerful,…

Swiss head east to boost economic ties with China

This content was published on Jun 10, 2002 The aim of the mission – headed by the number two at the Swiss economics ministry, David Syz – is to foster increased cooperation with scientific and business communities in China. “It’s not only an economic mission, but it will also show off our interest in research and science,” Syz told swissinfo. “We want to…

Switzerland’s fleet going strong on the high seas

This content was published on Jun 9, 2002 Set up in 1941 to secure supplies during the Second World War, the maritime fleet has become a permanent fixture in its home port of Basel. And it will continue to be so for at least the next ten years, after parliament last week renewed its financial guarantees. The decision means that the government stands…

Greenpeace challenges Swiss nuclear waste policy

This content was published on Jun 8, 2002 The call comes as the House of Representatives prepares to debate a revision of the country’s nuclear energy law on June 19. Greenpeace claims that a proposed modification of the existing law could lead to the exportation of nuclear waste to Russia. The organisation says it is lobbying parliamentarians not to support a declaration of…

Cows compete for crown in Valais resort

This content was published on Jun 8, 2002 Cow fighting in canton Valais has long been part of the traditional cattle procession up to the mountain pastures in early summer. Competitions take place across the canton, and it will be the turn of Grimentz on June 15 and 16. Grimentz has turned the annual event into a festival. But the cow fights remain…

Machine tool industry feels Tornos’s pain

This content was published on Jun 7, 2002 On Friday, the Moutier-based company, which is struggling with severe liquidity problems, declared a loss of SFr28.4 million ($18.22 million) for the first four months of 2002. Tornos says it is negotiating a SFr10 million cash injection – or bridging loan – and has asked creditors to “substantially” reduce their claims in order to guarantee…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Four Swiss firms make the Tornado Insider 100

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KPMG Consulting to buy Europe operations

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Biotech startup ESBAtech on track

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Annan calls for action to match promises on hunger

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Tech firm breaks new ground in chemical analysis

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Swiss head east to boost economic ties with China

More

Switzerland’s fleet going strong on the high seas

More

Greenpeace challenges Swiss nuclear waste policy

More

Cows compete for crown in Valais resort

More

Machine tool industry feels Tornos’s pain

Popular Stories

Most Discussed