Archive – Banking & Fintech

Swiss lobby for greater support in US

This content was published on Jun 28, 2001 Topping the agenda for talks in New York over the next two days is Switzerland’s desire to join the United Nations – an issue due to be put to the vote in Switzerland next year. The UN General Assembly is expected to debate the topic later this year. Earlier this week, the parliamentarians – members…

Federal railways to raise capacity for national exhibition

This content was published on Jun 27, 2001 At a news conference on Wednesday, the federal railways said it would take on extra staff and lay on additional trains to deal with an anticipated increase in train use during the 159 days of Expo 02. Paul Blumenthal of the railways passenger division said 200 new train staff would receive temporary contracts for the…

Business Federation forecasts solid economic growth

This content was published on Jun 27, 2001 The Federation, which is based in Zurich and lobbies at the political level for Swiss business, says the economy’s solid performance will be supported by private consumption and increased activity in the construction industry. Echoing the views of other economic research experts, the Federation has revised its projections for the economy downwards. Last December, it…

Sulzer boss says spinoff is going according to plan

This content was published on Jun 27, 2001 In an interview with the Swiss financial newspaper, “Finanz und Wirtschaft”, Kindle also said any possible exposure of the parent Sulzer concern to damages claims against Sulzer Medica would be “very small”. Asked if the scheduled split-off date of July 10 for Sulzer Medica, in which Sulzer owns 74 per cent, was in jeopardy, Kindle…

Hayek confident about Swatch group sales

This content was published on Jun 27, 2001 The group, which includes the Breguet, Blancpain, Omega, Longines and Tissot brands, increased sales last year by 17.6 per cent to SFr4.26 billion ($2.41 billion), with profits jumping by nearly 50 per cent to SFr651 million. In an interview with the Swiss News Agency, Hayek said that the luxury segment continued to perform at high…

Swiss motorway service stations heavily criticised

This content was published on Jun 27, 2001 Six Swiss service stations were among 95 facilities surveyed by an association of European automobile associations, including Switzerland’s Touring Club of Switzerland (TCS). It found that three failed to meet minimum standards. “As a whole the Swiss motorway service stations, which were once so exemplary, obtained catastrophic results,” the testers said in their report. “Fifty…

Lake Geneva welcomes back oar-inspiring medieval galley

This content was published on Jun 27, 2001 With the arrival on the water of La Liberté, an important part of this region’s maritime heritage, which many believed had been lost forever, has been revived. “Galleys actually existed here on the lake. They’re an important part of this region’s heritage,” says Jean-Pierre Hirt, the driving force behind the project. “This is a fantastic…

Holcim gains approval to take control of Indonesian cement producer

This content was published on Jun 26, 2001 After a wide-ranging restructuring process, Holcim’s stake could now increase to 74.5 per cent from its current 12.5 per cent. The plan will involve Holcim assuming debts with a discounted value of SFr310 million ($175 million). Holcim is one of three leading world cement companies aiming to acquire struggling Indonesian firms which fell into liquidity…

Hotel trade records best ever winter season

This content was published on Jun 26, 2001 The Federal Office for Statistics reported on Tuesday the number of overnight stays between November and April rose by just over half a million – 3.5 per cent more than the 2000 winter season. It was the best result since records began in 1934, and underlined the extent to which the tourist trade in Switzerland…

Temenos makes stock exchange debut

This content was published on Jun 26, 2001 Temenos shares began trading at SFr23 ($13) each, valuing the company at around SFr1.19 billion. The group expects its initial public offering to raise around SFr231 million. The flotation is considered a litmus test for tech IPOs in today’s more sober environment where investor expectations have become more realistic after last year’s inflated valuations. The…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Swiss lobby for greater support in US

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Federal railways to raise capacity for national exhibition

More

Business Federation forecasts solid economic growth

More

Sulzer boss says spinoff is going according to plan

More

Hayek confident about Swatch group sales

More

Swiss motorway service stations heavily criticised

More

Lake Geneva welcomes back oar-inspiring medieval galley

More

Holcim gains approval to take control of Indonesian cement producer

More

Hotel trade records best ever winter season

More

Temenos makes stock exchange debut

Popular Stories

Most Discussed