Archive – Banking & Fintech

Galileo ticks to the rhythm of Swiss clocks

This content was published on Mar 27, 2002 The Galileo system is being billed as a competitor to the United States’ global positioning system (or GPS), which is under the control of the military. Europe has decided to proceed with a rival system – to become operational in 2008 – in a bid to ensure the continent’s 350 million consumers maintain their independence…

“swiss” signs aircraft maintenance deal

This content was published on Mar 27, 2002 The deal is one of the final preparation steps before swiss begins flying operations formally on Monday. A swiss statement from Basel said the deal with SR Technics – a part of the collapsed Swissair Group – would last for seven years and cover the Boeing MD-11, Airbus A330 and Airbus A320 families. SR Technics…

Antarctic travellers take to the air

This content was published on Mar 27, 2002 One of the main sponsors of the project is Ernesto Bertarelli, chief executive of the Swiss biotechnology company, Serono. swissinfo reporter Vincent Landon travelled to Antarctica to witness the clean-up and sail on the expedition’s yacht. As he reports in the first part of his Antarctic diary, just getting to the Russian base proved an…

ABB shares hit by downgrade

This content was published on Mar 26, 2002 ABB closed down 6.6 per cent at SFr12 on Tuesday following the downgrade of the company’s senior debt from Baa2 to A3. Moody’s also lowered the company’s ratings for short-term debt from Prime-2 to Prime-3 on Monday. The lower share price, which was at SFr33.35 in May last year, has made the markets nervous as…

Turkey concerned at Swiss stance on Armenian killings

This content was published on Mar 26, 2002 A senior government minister, Tuncay Toskay, urged the Swiss government to help maintain “the good relations between the two countries”. Last week more than 100 Swiss parliamentarians launched a new bid to formally acknowledge the massacre of hundreds of thousands of ethnic Armenians during the Ottoman Empire in 1915. Speaking after a meeting with the…

“swiss” joins forces with American Airlines

This content was published on Mar 26, 2002 André Dosé, CEO of Crossair, which will be replaced by swiss on April 1, said on Tuesday he was very pleased and “more than little proud” of the alliance with the world’s largest airline. “It will serve to strongly optimise the travel and connection possibilities for our passengers and also for those in the United…

New airline squeezes into crowded skies

This content was published on Mar 26, 2002 Prospects for new national carrier, which officially takes to the skies next Monday, are being talked up in the face of warnings that Europe’s crowded aviation market is too small to sustain another airline on the scale of swiss. Created from the regional carrier, Crossair and the collapsed Swissair, swiss is hoping to achieve a…

Lindt provides sweet solace in downturn

This content was published on Mar 26, 2002 Lindt said on Tuesday that profits were up 20.1 per cent over last year to SFr91.5 million ($54.9 million). The confectionary company said it had grown in all of its major markets with some areas displaying double-digit growth. Overall sales were up 6.3 per cent to SFr1.591 billion. Analysts predict further growth in luxury chocolate…

Swisscom posts positive results

This content was published on Mar 26, 2002 The solid performance was achieved on sales of SFr14.7 billion, up 0.8 per cent on last year. Profits before tax, interest, depreciation and goodwill write-offs totalled Sfr4.41 billion, up almost ten per cent on the previous year. The group said its success had been enhanced by the continued growth of its mobile arm, Swisscom mobile.…

Swiss seek closer trade ties with Turkey

This content was published on Mar 25, 2002 “Turkey has great economic potential,” Couchepin said on Monday after a meeting with Turkish and Swiss business leaders. However, he emphasised that Ankara would have to introduce certain economic reforms. “We must not forget the country’s current problems,” Couchepin continued, referring to Turkey’s economic and financial crisis in 2001. Last year’s crisis was at the…

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Archive – Banking & Fintech

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Galileo ticks to the rhythm of Swiss clocks

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“swiss” signs aircraft maintenance deal

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Antarctic travellers take to the air

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ABB shares hit by downgrade

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Turkey concerned at Swiss stance on Armenian killings

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“swiss” joins forces with American Airlines

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New airline squeezes into crowded skies

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Lindt provides sweet solace in downturn

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Swisscom posts positive results

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Swiss seek closer trade ties with Turkey

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