Archive – Banking & Fintech

Silk road holds out promise of a better future

This content was published on Dec 29, 2001 The growing of mulberry plants, the rearing of silkworms and the reeling of yarn generate jobs and income for minorities and the landless, for marginal farmers and the lower castes. In a programme called Seri2000, the Swiss Development Agency is promoting sericulture to help alleviate poverty. The southern state of Karnataka is responsible for more…

Neuchatel leads the way in economic promotion

This content was published on Dec 29, 2001 The Economic Promotion Office has been open for 15 years already, leading the way for other cantons across the country. Historically the canton has been a centre for the watch and other precision industries. But the watch industry was plunged into crisis some 25 years ago as the onset of quartz technology threatened the canton’s…

Indian style in Zurich homes

This content was published on Dec 29, 2001 Gioia Matheson Saulez opened Niwas, which offers reproduction and refurbished Indian furniture, in July, near the banks of the River Limmat. On entering the shop one is transported into an oasis of calm and beauty. With its relaxed charm and solicitous staff, it presents a change from the more hurried commercial stores along Zurich’s shopping…

Basel seeks high-tech businesses

This content was published on Dec 29, 2001 But the Basel Area Business Development (BABD) office is striving to attract high-tech businesses to the area. Werner Resch of the BABD, which works in the two cantons of Basel City and Basel Country, told swissinfo how he saw the future of the region’s economy. “We expect the chemical and pharmaceutical industries to maintain their…

Swiss firms practiced forced labour in Nazi era

This content was published on Dec 29, 2001 The report, by historians Christian Ruch, Myriam Rais-Liechti and Roland Peter, is one of 25 academic studies released by the Independent Commission of Experts (ICE) since August this year. The commission was set up in 1996 in the wake of the controversy over dormant Holocaust-era accounts to probe Switzerland’s wartime past. Entitled “Companies and Forced…

Swiss look back on one of the darkest years on record

This content was published on Dec 29, 2001 In the wake of the terrorist attacks in the United States on September 11, Switzerland was hit by an unprecedented series of disasters and the biggest corporate failure in its history. On September 27, a lone gunman walked into a parliament building in the town of Zug in central Switzerland and killed 14 people before…

Swiss agricultural production drops

This content was published on Dec 28, 2001 The on-going Mad Cow crisis and a dip in cereal prices were the main cause for the weaker production levels, the service reported. Total production for the year was valued at SFr7.2 billion, compared with SFr7.58 billion last year. The service annually reviews gross internal production and services. Beef Beef sales dropped between 10 and…

Crossair launches new shares on Swiss bourse

This content was published on Dec 28, 2001 The new shares were launched at SFr50 but fell to SFr47.90 at the start of trading. The share price fell to a low of SFr42.50 before recovering a little to close at SFr46. The SFr50 shares were launched to replace the “old” Crossair shares worth SFr250 each. Individual shareholders have been assigned five new shares…

Economic growth slow until mid 2002

This content was published on Dec 28, 2001 The Business Cycle Research Institute of the Zurich Federal Institute of Technology said that its indicator for November fell to -1.28 points, from a downwardly revised -1.12 points in October. The November indicator is the lowest in Switzerland for five years. According to the Institute, whereas the United States and Germany have already begun to…

Ringier tightens grip on print media market

This content was published on Dec 28, 2001 The Zurich-based Ringier company said that it would be buying several leading publications from the Basler Media Group, in a statement by the two firms on Thursday. Under the deal, which still needs approval by the regulators, Ringier is to acquire the weekly “Weltwoche” newspaper, the business magazine, “Bilanz”, and the fortnightly “Beobachter” magazine, as…

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Archive – Banking & Fintech

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Silk road holds out promise of a better future

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Neuchatel leads the way in economic promotion

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Indian style in Zurich homes

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Basel seeks high-tech businesses

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Swiss firms practiced forced labour in Nazi era

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Swiss look back on one of the darkest years on record

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Swiss agricultural production drops

More

Crossair launches new shares on Swiss bourse

More

Economic growth slow until mid 2002

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Ringier tightens grip on print media market

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