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Nextrom ventures into photonics automation

This content was published on Apr 11, 2002 Nextrom Photonics makes, sells, and integrates photonics automation equipment for the world’s leading optical manufacturers, all of whom are customers of its parent company. They include Nortel Networks, Lucent, Alcatel, and Corning. It is an independent company that belongs to a new breed of ambitious photonics automation companies emerging here – others include Dr Tresky…

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Banker Roth says franc’s safe haven role changed

This content was published on Apr 10, 2002 Roth told swissinfo on Wednesday that the aftermath of the terror attacks on September 11 and the current tensions in the Middle East had shown this. “Traditionally the Swiss franc has been a safe haven currency but we observed after September 11 and what we observe now in the Middle East is that probably the…

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Wine, women in Morges

This content was published on Apr 10, 2002 Wine is one of Switzerland’s best-known secrets. The Swiss cleverly keep most of it for themselves. But as in many other countries, it is still very much a male-dominated profession. There is, of course, no reason why women should not be just as talented in the cellar as men, and that is precisely what the…

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Swiss Re counts cost of September 11

This content was published on Apr 10, 2002 The figure is slightly better than the SFr200 million loss forecast by Zurich-based Swiss Re back in February, but it pales in comparison to the SFr2.96 billion profit registered in 2000. The loss includes the SFr2.95 billion cost of the September 11 attacks and a reduction in net realised investment gains of SFr1.61 billion. Swiss…

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Swiss Re counts cost of September 11

This content was published on Apr 10, 2002 The figure is slightly better than the SFr200 million loss forecast by Zurich-based Swiss Re back in February, but it pales in comparison to the SFr2.96 billion profit registered in 2000. The loss includes the SFr2.95 billion cost of the September 11 attacks and a reduction in net realised investment gains of SFr1.61 billion. Swiss…

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Use of child attention disorder drug on the rise

This content was published on Apr 9, 2002 A new study by the federal health office in canton Neuchâtel has shown a seven-fold increase in prescription of the medication over a five-year period. Between 1996 and 2000, the number of patients prescribed Ritalin rose from 76 to 433; while the yearly-prescribed dose of Ritalin went up from 224 grams to 1,769 grams. In…

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Enron scandal hits Credit Suisse

This content was published on Apr 9, 2002 It is the second Swiss bank to be caught up in the fallout from the collapse of the energy giant. Last week, a similar suit was launched against UBS’s American banking subsidiary, PaineWebber. The latest suit also includes some of Wall Street’s most famous and respected names: JP Morgan Chase, Citigroup, Merrill Lynch, Bank of…

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Football World Cup rights move to Switzerland

This content was published on Apr 9, 2002 The decision to move the television rights to Kirch Sport in Zug came just before the core unit of the group, KirchMedia, filed for insolvency on Monday. World football’s governing body, FIFA, said the move was important to ensure that broadcasting of this year’s event in South Korea and Japan would not be affected by…

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Profits slump at Ringier and Jelmoli

This content was published on Apr 9, 2002 However, turnover increased by 4.3 per cent to SFr1.062 billion in spite of what the company described as “difficult economic conditions”. Jelmoli Meanwhile over at Jelmoli Holding, the Swiss retailer and real estate group, profits also shrunk by almost 30 per cent to SFr64.7 million – down from SFr89.4 million in 2000. The group’s full…

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Archive – Banking & Fintech

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Nestlé sales up ten per cent

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Nextrom ventures into photonics automation

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Banker Roth says franc’s safe haven role changed

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Wine, women in Morges

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Swiss Re counts cost of September 11

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Swiss Re counts cost of September 11

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Use of child attention disorder drug on the rise

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Enron scandal hits Credit Suisse

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Football World Cup rights move to Switzerland

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Profits slump at Ringier and Jelmoli

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