Archive – Banking & Fintech

Couchepin prepares for tax talks

This content was published on Apr 25, 2002 Speaking to business leaders in Spain, which holds the rotating presidency of the European Union, Couchepin repeated Switzerland’s position that banking secrecy would not be compromised during talks to forge new bilateral agreements with the EU. His address comes less than two weeks before Swiss negotiators prepare to hammer out an agreement on the taxation…

Banking Commission calls for legal changes

This content was published on Apr 25, 2002 In particular, it wants to make life easier for foreign regulatory authorities to receive information from Switzerland. At a news conference in Bern on Thursday, the president of the Commission, Kurt Hauri, explained that changes were needed in order to protect the interests of Switzerland as a financial centre. The Commission – Switzerland’s banking watchdog…

Cabinet goes the last mile to liberalise telecoms

This content was published on Apr 25, 2002 Under the plan, the business of connecting Switzerland’s homes and businesses to phone services would be opened up to competition. The move poses a challenge to Swisscom, Switzerland’s state-controlled phone company. Communications minister, Moritz Leuenberger said he wanted to free competition for end-connections – the so-called “last mile” of phone cable that connects around four…

Business digest

This content was published on Apr 25, 2002 The company said it expected earnings before interest, taxes and amortisation to reach as much as SFr77 million, and organic sales growth for the coming year of more than 10 per cent. In February Phonak cut earnings forecast by 30 per cent due to market pressures and restructuring costs. Economiesuisse The umbrella organisation for Swiss…

Motoring groups pile on the pressure over Gotthard tunnel

This content was published on Apr 25, 2002 Motoring associations are to push for an end to chronic traffic congestion in the tunnel during round-table discussions with federal authorities on Thursday. Drivers and road haulers associations are renewing calls for the government to abandon the alternating one-way system for trucks through the Gotthard, which they say has caused chaos on the main transalpine…

Gloomy prospects for Swiss hotels

This content was published on Apr 24, 2002 According to figures released by the Swiss Hotel Association, overnight stays were down 7.7 per cent (1.1 million stays) compared with the previous year. Although the number of overnight stays, currently 14.5 million, did not decline as much as expected – an 11 per cent drop had been predicted — hoteliers are not optimistic about…

Logitech puts in strong performance

This content was published on Apr 24, 2002 The company announced on Wednesday that net income for the fiscal year 2002 (April 2001 – March 2002) was $75 million (SFr123.75 million), an increase of 66 per cent over last year’s net income of $45 million. Logitech, which is based in Romanel-sur-Morges in Switzerland and in Fremont, California, said net income for the fourth…

Latest quarterly results from Swiss companies

This content was published on Apr 24, 2002 The Zurich-based company said even though its net income dropped by 17 per cent to SFr188 million ($114 million) from a restated SFr227 million last year, the results were still above market expectations. Incoming orders dropped by 19 per cent to SFr9.11 billion and sales dropped by four per cent to SFr8.5 billion. In the…

Latest quarterly results from Swiss companies

This content was published on Apr 24, 2002 The Basel-based agri-chemical giant Syngenta has reported a decline in its first quarter sales of three per cent, which is worse than analysts expected. The company’s first quarter sales were SFr3.05 billion ($1.84 billion) down from SFr3.15 billion a year ago, with sales in crop protection also down three per cent. That comes in the…

Valais wines come out on top

This content was published on Apr 23, 2002 The ‘Concours Mondial de Bruxelles’ gave eight gold medals to Swiss wines, and six of these came from canton Valais. The judges were particularly impressed with the stronger dessert wines from the Valais, and awarded gold medals to three of them. Three red wines from the Valais also got top marks; all from the Syrah…

Archive – Banking & Fintech

Popular Stories

Most Discussed

Sign in and personalize Swissinfo

Archive – Banking & Fintech

More

Couchepin prepares for tax talks

More

Banking Commission calls for legal changes

More

Cabinet goes the last mile to liberalise telecoms

More

Business digest

More

Motoring groups pile on the pressure over Gotthard tunnel

More

Gloomy prospects for Swiss hotels

More

Logitech puts in strong performance

More

Latest quarterly results from Swiss companies

More

Latest quarterly results from Swiss companies

More

Valais wines come out on top

Popular Stories

Most Discussed