Archive – Banking & Fintech

Parliament tackles future of GM crops in Switzerland

This content was published on Jun 13, 2001 A clear majority in the Senate wants to allow the genetic engineering of non-human organisms, provided strict environmental and scientific conditions are met. A minority, however, is in favour of introducing a moratorium until at least 2008 on the release of GM crops. They say more time is needed for scientists to assess the risks…

Strike paralyses AOM/Air Liberté

This content was published on Jun 13, 2001 The carrier said all short- and long-haul flights departing from or landing at Paris Orly airport had been cancelled. Passengers had been advised not to go to the airport because of the expected severity of the strike. Protesters planned to block access to the airport to show their anger about the planned cuts. Workers have…

UBS cuts economic growth forecast

This content was published on Jun 13, 2001 The bank now expects a rise of 1.6 per cent in Gross Domestic Product for the current year followed by a figure of just over two per cent in 2002. In April, UBS predicted increases of 2.2 per cent and two per cent respectively. The bank’s inflation forecast is kept unchanged at 1.4 per cent…

Zurich airport to extend ban on night flights

This content was published on Jun 13, 2001 The change, which must be approved by the Swiss aviation authorities, would mean a ban on all flights between 2300 and 0600, although delayed flights could still take off until 2330. Currently, the flight ban runs from 2400 to 0500. The company running the airport, Unique, said the new schedule would give Zurich one of…

Unaxis buys Nimbus

This content was published on Jun 13, 2001 NTE is a leading provider of laser mastering technology to the data storage industry. The process is used for the production of CDs and DVDs. The company had annual sales of SFr40 million ($22.4 million) last year. Unaxis said in a statement that the purchase fits its strategy of being a leading solution provider, particularly…

Senate deciding future of GM crops in Switzerland

This content was published on Jun 13, 2001 The Senate is considering proposals to allow GM crops to be used commercially, and to be grown in Switzerland, provided they meet strict scientific and environmental conditions. Opponents of the law, supported by farmers and environmental groups, want a five-year moratorium on the commercial use of GM plants. But consumers have already made clear that…

Basel duo take Swiss Businesswoman prize

This content was published on Jun 13, 2001 Founded in 1997, GetWellness is a medical consultancy firm, which offers specialist advice to companies and healthcare professionals, and provides a 24-hour service via the Internet for executives who need medical advice or treatment when travelling abroad. Staehelin told swissinfo that it was a great honour for both her and her partner to win the…

Nestlé still Switzerland’s top firm

This content was published on Jun 12, 2001 With an annual turnover of SFr81.4 billion ($45.3 billion), Nestlé is just ahead of the raw materials trading company, Glencore, which has a turnover of SFr81.1 billion. The trading group, Metro, comes in third with a turnover of SFr73.2 billion. The 10 largest Swiss companies have a combined annual turnover of SFr414 billion. There are…

Forbo sets sights on Spanish market

This content was published on Jun 12, 2001 Carzuh supplies the car, furniture and wood industries. The transaction should be completed next month. Forbo, with adhesive sales of SFr206 million last year, is trying to expand this part of its business through acquisitions and organic growth. “The takeover of Carzuh is a first step in the implementation of this part of the strategy,”…

CSFB files defence in IPO investigation

This content was published on Jun 12, 2001 The Wall Street Journal says in its Tuesday edition that CSFB argues that it did not violate rules in receiving large commissions from investors who obtained allocations of popular IPOs. According to the report, the Credit Suisse unit told the National Association of Securities Dealers that it should not face charges of excessive commissions because…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Parliament tackles future of GM crops in Switzerland

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Strike paralyses AOM/Air Liberté

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UBS cuts economic growth forecast

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Zurich airport to extend ban on night flights

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Unaxis buys Nimbus

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Senate deciding future of GM crops in Switzerland

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Basel duo take Swiss Businesswoman prize

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Nestlé still Switzerland’s top firm

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Forbo sets sights on Spanish market

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CSFB files defence in IPO investigation

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