Archive – Banking & Fintech

A journey through the hundred valleys

This content was published on Jul 24, 2001 The narrow gauge electric train, run jointly by Italy’s SSIF Railway and Switzerland’s Centovalli (hundred valleys) Railway, winds its way slowly up the mountainside from Domodossola. Every twist gently jerks the passengers from side to side but rewards them each time with a new view of the terracotta buildings of the city below. The first…

Thousands to flock to shepherd festival

This content was published on Jul 24, 2001 At 11am sharp on July 29, the shepherds spending the summer with their flocks on the mountain slopes above the Gemmi Pass will give a signal to their animals. As if pre-programmed, the sheep will race down the mountainside with their sights set on a small lake, knowing that salt, which has been withheld from…

New Expo catamaran makes its splash debut

This content was published on Jul 23, 2001 The Iris catamaran was scheduled to make its debut journey from Thielle-Wavre on Lake Neuchatel to the port of Nid-du-Crô, where another, smaller catamaran, is soon expected to join it. However, the journey was postponed until Tuesday because of poor weather conditions. The first test-drives for the two ships are due to take place at…

ABB shares under pressure before release of half-year results

This content was published on Jul 23, 2001 The newspaper reported a lack of confidence in the company’s management and a declining performance in key markets. In April, the group posted a lower than expected six per cent rise in first quarter earnings and warned of a difficult year for the company. Profits have also been hit by the slowdown in the US…

Swiss stock exchange considers shorter trading day

This content was published on Jul 23, 2001 The proposal to cut trading hours is under discussion with the exchange’s members. If approved, it will take effect on August 1. Virt-x was launched in June in a bid to break the mould in cross-border trading and to challenge the dominance of Europe’s long-established national exchanges. The merger of the Swiss Exchange and the…

Price of motoring comes down again

This content was published on Jul 23, 2001 It’s the sixth consecutive time that the price of fuel has fallen and a litre is now 17 centimes cheaper than it was in mid-May. Migros made the announcement first saying the lower prices would be implemented immediately. Avia followed suit by saying it would match Migros’ move on Monday evening. Prices at Esso, BP…

Online grocers remain upbeat despite lack of demand

This content was published on Jul 22, 2001 A few years ago, Microsoft chairman, Bill Gates forecast that 30 per cent of American groceries would be sold over the Internet by 2005. There’s a long way to go because the figure today stands at just one per cent. In Switzerland, e-food sales account for an even more meagre 0.01 per cent. Making matters…

Tourists can now reach Zermatt under head of steam

This content was published on Jul 22, 2001 When the train line from Visp in the Rhone Valley to Zermatt was inaugurated in 1891, it led to a threefold increase in visitors to Zermatt in its very first year. It was the beginning of the Belle Époque and the birth of the mountain railway. Engineers overcame steep mountainous inclines by developing an array…

People Soft exploits customer care boom

This content was published on Jul 21, 2001 Active in Switzerland since late 1998, it now boasts among its clients some of the country’s biggest names, including UBS, Credit Suisse, Novartis, Swisscom and the Swiss army. About two years ago, before it launched in Switzerland, People Soft overhauled its strategy to focus on the internet. The company spent $500 million and used 2000…

Swissair continues to recover

This content was published on Jul 21, 2001 The business week was dominated by positive news for the Swissair Group as it managed to pull back successfully from loss-making foreign ventures. Shares in the group pushed up sharply on Wednesday in reaction to news that the group had limited its future exposure to the Belgian carrier, Sabena. Swissair, which controls a 49.5 per…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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A journey through the hundred valleys

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Thousands to flock to shepherd festival

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New Expo catamaran makes its splash debut

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ABB shares under pressure before release of half-year results

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Swiss stock exchange considers shorter trading day

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Price of motoring comes down again

More

Online grocers remain upbeat despite lack of demand

More

Tourists can now reach Zermatt under head of steam

More

People Soft exploits customer care boom

More

Swissair continues to recover

Popular Stories

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