Archive – Banking & Fintech

PubliGroupe reports huge loss

This content was published on Apr 5, 2002 The Lausanne-based firm blamed the loss on difficult economic conditions, over-rapid and excessive developments in the online sector, and a loss-making investment in a United States advertising agency network. Turnover was down four per cent from SFr2.71 billion in 2000 to SFr2.61 billion last year. However, PubliGroupe, which made a profit of SFr140 million in…

Prestigious watch show brings glamour to Basel

This content was published on Apr 5, 2002 The global market in luxury goods is currently worth an estimated $66 billion, with watches and jewellery sales representing 30 per cent of that (almost $20 billion). Although consumer confidence weakened after the terror attacks in the United States last year, there is a mood of optimism that business in the sector is still very…

Tripet ascends with Aravis

This content was published on Apr 4, 2002 The first investment is in Kalypsys, a San Diego-based biopharmaceutical company that spun out of the Genomics Institute of the Novartis Research Foundation in 2001. Venture Associates is one of a number of investors in Kalypsys, including Sprout Group, Lombard Odier & Cie, Novartis BioVenture Fund, and the Singapore Economic Development Board, who put up…

Madison Private Equity gets new board members

This content was published on Apr 4, 2002 The two newcomers are Peter Everts, a former top manager at Migros, and Swisscom chairman Markus Rauh. The pair will join Dr Ernst Thomke, Hans-Jürg Schär, and chairman Guillaume Pictet on the board of directors. The company was founded last year as an investment vehicle looking to concentrate on acquiring equity of healthy, privately-owned small…

Holcim confident despite fall in profits

This content was published on Apr 4, 2002 Holcim, which is the world’s second largest cement group, reported a net profit fall of 8.4 per cent for the year 2001 to SFr812 million – down from SFr886 million in 2000. But the group also announced better than expected figures for the first quarter of 2002. It said the outlook for the construction industry…

ABB recovers ground

This content was published on Apr 4, 2002 Barclays Bank, Citigroup and Credit Suisse First Boston all agreed to underwrite the funding for the Swiss-Swedish conglomerate. The agreement averts a financial crisis for the ABB group, as the loan is considered by some analysts to be crucial for its immediate financing needs. The news sent shares in ABB surging on Wednesday, up SFr1.50,…

Middle East tension affects markets

This content was published on Apr 3, 2002 At the end of trading on Thursday, the Swiss franc stood at 1.4625 against the euro, still holding above the 1.46 level, which was breached in March just before the Swiss National Bank surprisingly cut its rates for banks. Oil prices have also shown an upward trend, topping $28 per barrel for the first time…

Boller to lead Obtree the HP way

This content was published on Apr 3, 2002 Frank Boller who became CEO of Obtree Technologies in November says that the young software consulting firm would be divesting itself of its consulting and services unit. “We are now a pure software house operating on a partner-focused business model,” says Boller. Towards that goal, it has signed up some top tier partners in recent…

Sssshh! Museum reveals cryptic messages

This content was published on Apr 2, 2002 The special exhibition at the Lucerne museum, which runs until the end of the year, is titled, “Only for you – the art of encryption”. As the exhibition points out, every credit card owner or Internet user – whether they are conscious of the fact or not – are increasingly affected by information security. About…

Blind demand better Web access

This content was published on Apr 2, 2002 The Swiss Federation for the Blind and Visually Impaired (SBV) has joined forces with the organisation “Access for All” to ensure that their members do not miss out on the Internet. According to the SBV’s Urs Kaiser, the Web has already enriched the lives of many blind and visually impaired people in Switzerland. “The Internet…

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Archive – Banking & Fintech

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PubliGroupe reports huge loss

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Prestigious watch show brings glamour to Basel

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Tripet ascends with Aravis

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Madison Private Equity gets new board members

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Holcim confident despite fall in profits

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ABB recovers ground

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Middle East tension affects markets

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Boller to lead Obtree the HP way

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Sssshh! Museum reveals cryptic messages

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Blind demand better Web access

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