Archive – Banking & Fintech

Zurich exhibition reveals latest in Internet security

This content was published on Feb 6, 2002 Internet security is a major theme of this year’s event. Now in its sixth year, the iEX expo has established itself as one of the leading Internet shows for professionals in Europe. Over an area of 14,000 square metres, 430 exhibitors will display the latest developments in the sector from publishing to systems and software…

Authorities shut down virtual casino network

This content was published on Feb 6, 2002 An investigation into the operation of the virtual casinos has so far led to the seizure of more than SFr5 million ($2.95 million) in illegal earnings. Twelve people have been ordered to pay individual fines of up to SFr206,000. The setting up of Internet casinos is prohibited under Swiss law, even if the headquarters of…

Plugging holes in the cheese industry

This content was published on Feb 6, 2002 Franz Meier, president of Emmentaler Switzerland, has predicted that half the country’s cheese makers would go under by 2010: businesses are closing every month. Over the past decade, the noose has slowly tightened around the neck of the Swiss cheese industry. The World Trade Organization’s Agriculture Agreement, created to improve market access and reduce export…

Investors seek private equity amid weak markets

This content was published on Feb 6, 2002 After last year’s slump in MBOs – only 34 transactions compared with 44 in 2000 and 48 the year before – experts are expecting a good year, amid improved prospects for the economy as a whole. “Now that the economic turmoil appears to have levelled off, 2002 looks like it will be a good year…

Group proposes limiting health insurance costs

This content was published on Feb 5, 2002 The group, the Association of Insured and Health Care Providers, has begun collecting signatures to force a nationwide vote on the issue. The initiative comes as politicians are being urged to rein in health care expenses. For many years, health premiums in Switzerland have risen by more than the rate of inflation, an average of…

Rieter reports growth in difficult economic environment

This content was published on Feb 5, 2002 However, the supplier of systems and services to the textile and automotive industries repeated that its 2001 net profit would not match the 2000 level. In a statement, Rieter said that sales had increased by 8.1 per cent to SFr3.17 billion, compared with the performance of 2000, driven by a 13.5 per cent increase in…

Swissair in talks to sell Gate Gourmet

This content was published on Feb 5, 2002 Swissair announced it had signed a memorandum of understanding on the sale but did not announce a figure for the deal, which is expected to be completed in the first quarter. It said in a statement that “a considerable number” of investors had expressed interest in acquiring the company. Swissair, which collapsed last year after…

Swiss position on patent protection criticised

This content was published on Feb 5, 2002 Oxfam introduced its campaign against patent protection during a conference on intellectual property at the World Social Forum (WSF) in Brazil. Last year, Switzerland and the United States expressed their support for international patent protection during the World Trade Organisation’s ministerial meeting in Doha. “Switzerland and the US were the only two industrialised countries at…

Sulzer Medica shares impress at the bourse

This content was published on Feb 4, 2002 The settlement, which is to be ruled on at a final hearing on May 14, concerns faulty hip and knee implants. The share price rose by almost 21 per cent to SFr111 from Friday’s close at SFr91.75. Shares in the former parent company, Sulzer, also benefited from the settlement news. The share price rose by…

Swiss resume cattle exports

This content was published on Feb 4, 2002 Seven cows left for Bavaria, Germany, on February 1, and the Federal Veterinary Office expects other EU countries to lift bans on Swiss beef in the near future. In 1996, Germany, like many other countries, blocked imports of Swiss beef, beef by-products, dairy goods and cows. The ban was imposed after British scientists announced a…

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Zurich exhibition reveals latest in Internet security

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Authorities shut down virtual casino network

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Plugging holes in the cheese industry

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Investors seek private equity amid weak markets

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Group proposes limiting health insurance costs

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Rieter reports growth in difficult economic environment

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Swissair in talks to sell Gate Gourmet

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Swiss position on patent protection criticised

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Sulzer Medica shares impress at the bourse

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Swiss resume cattle exports

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