Archive – Banking & Fintech

Neuchâtel’s past proves a pull for investment

This content was published on Sep 14, 2001 Neuchâtel started to woo foreign investment in earnest in the wake of the crisis in Switzerland’s watchmaking industry, which struck some 25 years ago, with the introduction of quartz technology. Long reliant on watchmaking and other precision industries, the canton suddenly saw its major businesses threatened by Japanese and other foreign imports. It responded by…

Central Bank to focus on monetary stability

This content was published on Sep 14, 2001 Roth told the annual meeting of the Swiss Bankers Association on Friday that Swiss economic growth was slowing down as the world economy decelerated. “The economic slowdown has revealed the fragility of the world economy. Signs of an upturn in the cycle are not yet discernible in the United States and the dollar remains under…

Zurich and Deutsche Bank talks advance

This content was published on Sep 14, 2001 Zurich said in a statement that it was interested in acquiring the Deutscher Herold and further insurance companies of Deutsche Bank in continental Europe. It added that an integral part of the negotiations was a cooperation and distribution agreement between the two companies in the fields of insurance, asset management and banking to provide a…

Sion sale close to completion

This content was published on Sep 14, 2001 Mouyal has agreed to pay SFr 4.5 million ($2.7 million) for the canton Valais club. Two million of those francs will be invested in the club itself, while the remainder goes to Kadji. Sion’s new president is backed by the JM company, which specialises in audiovisual presentations and marketing Sion will be the second Swiss…

Markets drift awaiting US direction

This content was published on Sep 13, 2001 The blue chip Swiss Market Index ended the day up again on Thursday amid thin trading. It gained 1.2 per cent to close at 5907.5 The SMI had already managed to recover some lost ground on Wednesday, ending up 2.5 per cent after dropping more than 7 per cent on Tuesday. “Volumes are poor with…

Airlines face record losses

This content was published on Sep 13, 2001 William Gaillard, spokesman for the association, which has 266 member carriers, said on Thursday that airlines were facing “record losses” this year in the wake of Tuesday’s attacks. About 4,000 of the world’s 12,000 commercial airliners were grounded after the US suspended all flights, following Tuesday’s attacks. The US market is work about $1 billion…

Plant experts examine risks of herbal medicines

This content was published on Sep 13, 2001 Some 300 experts from 44 countries are taking part in this annual conference of the European Phytochemistry Society, which is being held at Lausanne University. “The plant kingdom is still an unexploited reservoir of new molecules which could one day become useful drugs,” said Kurt Hostettmann, a professor at the university’s Institute of Pharmacognosy and…

Auction of Mobutu’s villa fails

This content was published on Sep 13, 2001 Bidding was meant to start at SFr2.5 million ($1.5 million) for the 30-room Villa Les Miguettes, which was valued at SFr4.25 million. But local bankruptcy authorities called off the auction after an hour because nobody entered a bid. The villa will now either be auctioned at a later date, but with no minimum price, or…

Mobutu’s Swiss villa attracts no buyers

This content was published on Sep 13, 2001 Bidding was meant to start at SFr2.5 million ($1.5 million) for the 30-room Villa Les Miguettes, which was valued at SFr4.25 million. But local bankruptcy authorities called off the auction after 15 minutes because nobody made the first bid. The villa will now either be auctioned at a later date, but with no minimum price,…

Couchepin refuses to cede to winegrowers’ demands

This content was published on Sep 13, 2001 During a meeting with the group on Thursday, Couchepin said he understood the concerns of Swiss winegrowers but would not meet their demands. The winegrowers, who have been protesting in the capital, Bern since Monday, come mainly from the western part of Switzerland. They say they have been hampered by the high cost of Swiss…

Archive – Banking & Fintech

Popular Stories

Most Discussed

Archive – Banking & Fintech

More

Neuchâtel’s past proves a pull for investment

More

Central Bank to focus on monetary stability

More

Zurich and Deutsche Bank talks advance

More

Sion sale close to completion

More

Markets drift awaiting US direction

More

Airlines face record losses

More

Plant experts examine risks of herbal medicines

More

Auction of Mobutu’s villa fails

More

Mobutu’s Swiss villa attracts no buyers

More

Couchepin refuses to cede to winegrowers’ demands

Popular Stories

Most Discussed