Archive – Banking & Fintech

Couple make “clean break” in Western Australia

This content was published on Feb 24, 2002 “We brought all our possessions here in these containers”, Hüssy explains. He and his girlfriend shipped 40 tons of belongings to Perth in 1999. Their decision to emigrate to Australia has fundamentally changed their lives. “If you decide to make changes in your life, it’s often easier just to make a clean break,” Michel says.…

Monzoon finds strategic investor

This content was published on Feb 24, 2002 The amount of the investment is undisclosed but will provide liquidity for the coming two years, at which point Monzoon expects to become profitable, according to Monzoon’s, spokesperson, Felix Thommen. Walter Heutschi is now a Monzoon board member. Monzoon was one of dozens of startups that had to change their business models last year when…

“Spyder” spins a web of colour

This content was published on Feb 23, 2002 Called a “Spyder”, it also has nothing in common with insects. The device in question helps control colour and is aimed at helping both professionals and amateur designers and photographers to accurately manage colour. The “Spyder”, the brainchild of an Eichhof subsidiary in the United States, measures colour and is being hailed as a breakthrough…

ABB stock falls as confidence wanes

This content was published on Feb 22, 2002 The shares in the Swiss-Swedish company dropped on the Swiss Stock Exchange as worries over the group’s balance sheet and a controversy over bonuses paid to former top managers weighed on investor confidence. At lunchtime ABB shares were down 11.8 per cent to a five-month low of SFr10.50 ($6.20) in a generally weaker Swiss market,…

Alpacas in the Swiss Alps

This content was published on Feb 22, 2002

Startups scoop expertise from struggling telecom giants

This content was published on Feb 22, 2002 Nimble and growing Swiss startups are snapping experienced managers and workers who have been let go from the telecommunications’ industry giants or who simply have realised that startups are no less secure than telecommunications industry giants. Avalon Photonics Ltd., a fledgling opto-electronic components maker, has just announced it has recruited the former Sales and Marketing…

French VCs invest SFr10 million in Lausanne startup

This content was published on Feb 22, 2002 Brightrivers, founded in early 2001, makes and licences software that enables chemical, pharmaceutical, and food manufacturers to model, dynamically simulate, and optimise their manufacturing processes, including the supply chain. After receiving the SFr10 million in venture capital from Atila Ventures and Credit Lyonnais Private Equity, one quarter of the company remains the property of the…

Chocolate factory

This content was published on Feb 22, 2002

Swissquote cuts jobs

This content was published on Feb 22, 2002 Swissquote said on Friday that it would make the cuts in a bid to break even on the operating level in 2003 amid slack demand for online financial services. The company, which launched the online Swissquote Bank last May, added that it would cut its staff to 110 from 159. “Despite the one-time restructuring costs…

Nestlé reportedly looks to Brazil

This content was published on Feb 22, 2002 When contacted by swissinfo, Nestlé spokesman Francois Perroud said the company has a policy of not commenting on rumours. “People working close to Garoto’s management have told the union that the company is being sold to Nestlé,” Lara Lucia Lira, a director of Brazil’s Food Workers’ Union, told United States-based news agency Dow Jones Newswires.…

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Archive – Banking & Fintech

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Couple make “clean break” in Western Australia

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Monzoon finds strategic investor

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“Spyder” spins a web of colour

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ABB stock falls as confidence wanes

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Alpacas in the Swiss Alps

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Startups scoop expertise from struggling telecom giants

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French VCs invest SFr10 million in Lausanne startup

More

Chocolate factory

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Swissquote cuts jobs

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Nestlé reportedly looks to Brazil

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