Archive – Banking & Fintech

Swiss seize biggest ever illegal ivory haul

This content was published on Dec 20, 2001 Federal customs officers found the 72 kilogramme shipment in Zurich on a September 23 Swissair flight from Nairobi, Kenya. The crate was destined for shipment to Beijing. Customs spokesman, Roger Gauderon, said the cargo – which included four kilograms of ivory jewelery, two rhino horns and a leopard skin – was found in a crate…

Jura museum is a testament to peasant life

This content was published on Dec 20, 2001 The Chappuis-Fändrich museum boasts objects which tell the story of life on the farm, local crafts and religious rites over three centuries – from 1650 to 1950. The collection – housed in a barn – includes furniture, iron objects, religious artefacts, pottery, metal utensils and agricultural tools. It is the result of the painstaking efforts…

Woman wins a top chemistry prize

This content was published on Dec 20, 2001 Awarded by the Swiss Federal Institute of Technology in Zurich, the prize comes with a cheque for SFr10,000 ($6,000). The institute said the prize was awarded to Röthlisberger on Wednesday for research and trials which aim to imitate chemical processes that are common in a natural environment but unseen in laboratories. In nature, molecules are…

New Crossair board approves rescue plan

This content was published on Dec 20, 2001 The 11-member board, under the leadership of former KLM airline head, Pieter Bouw, reviewed the business plan at the marathon session and approved the takeover of 26 short-haul and 26 long-haul aircraft from Swissair. Crossair boss André Dosé confirmed the move in the German-language Swiss television news programme “10 vor 10”. However, he emphasised the…

Scientists keep finger on pulse

This content was published on Dec 20, 2001 Using biotechnology, Swiss and Indian scientists are trying to improve yields to meet the needs of a growing population. They believe current yields of about 620 kilogrammes per hectare could be increased as much as four-fold. “Until now, pulses have been largely ignored,” said Katharina Jenny, programme manager of the Indo-Swiss Collaboration in Biotechnology (ISCB).…

Heavy penalties hit Credit Suisse First Boston

This content was published on Dec 20, 2001 Britain’s Securities and Futures Authority said CSFB International and CSFB Europe, part of the Credit Suisse Group, had been fined and reprimanded for management failings for not properly overseeing two of their traders. CSFB has been the subject of regulatory investigations in several countries this year, including the United States. In this latest case, one…

Quirky inn serves up variety of sensations

This content was published on Dec 20, 2001 The Auberge, or Four Winds Inn, which opened two years ago in Fribourg, is somewhat off the beaten track. Far away from any public transport, down a side road, it has however managed to attract many guests, who have beaten a well-worn path to its door. The owners knew from the beginning they had to…

UBS shares shaken by Arnold’s departure

This content was published on Dec 19, 2001 Arnold is to be replaced by 44-year-old Swiss banker, Peter Wuffli, chief executive officer of UBS Asset Management. UBS’s stock closed down more than two per cent on Wednesday at SFr80.90, following a 4.2 per cent drop on Tuesday, when Luqman’s departure was announced. During a telephone conference, Wuffli brushed off the market reaction by…

Government guarantee for airlines not extended

This content was published on Dec 19, 2001 The carriers will have to come to an agreement with their insurers by that date after the authorities decided on Wednesday the guarantee was no longer necessary. It was introduced in October after insurance companies cancelled all their contracts with the airlines following the September 11 attacks in the United States. The guarantee had been…

Unaxis sells Leybold Optics

This content was published on Dec 19, 2001 The deal is part of the company’s policy of asset sales followed over the past two years. Unaxis, formerly known as the industrial conglomerate Oerlikon Buehrle, has been re-branding itself as an information technology and optical component manufacturer. Leybold had sales of SFr181 million for the first nine months of the current year. The intended…

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Swiss seize biggest ever illegal ivory haul

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Jura museum is a testament to peasant life

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Woman wins a top chemistry prize

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New Crossair board approves rescue plan

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Scientists keep finger on pulse

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Heavy penalties hit Credit Suisse First Boston

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Quirky inn serves up variety of sensations

More

UBS shares shaken by Arnold’s departure

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Government guarantee for airlines not extended

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Unaxis sells Leybold Optics

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