Archive – Banking & Fintech

Job losses at Swissair dominate business headlines

This content was published on Jun 8, 2001 Swissair Group refused to rule out job cuts, and said some tiers of management may go, as part of plans to reduce costs by at least SFr500 million ($279 million) by the second half of this year. The airline group said on Tuesday that the cost cutting measures to produce such savings would inevitably lead…

Bell tolls for euro-zone currencies

This content was published on Jun 8, 2001 The euro was actually launched at the beginning of 1999 and each member’s currency effectively ceased to exist then as they joined at a fixed rate. The markets have been trading euros for two and a half years but on the streets of Europe people have continued to use familiar banknotes and coins. That all…

Swiss National Bank expected to cut interest rates

This content was published on Jun 8, 2001 Despite economic growth for the first quarter of 2001 coming in at the top end of economists’ expectations, increasing 2.5 per cent on an annualised basis, most pundits still expect an easing in monetary policy to offset a predicted slowdown in economic growth as the year progresses. The Swiss government’s economic advisory panel said it…

Swiss firm greases the wheels of big business

This content was published on Jun 8, 2001 Tucked away in the community of Hasle-Rüegsau in the heart of the Emme valley, Blaser Swisslube thrives on innovation in an industry that is likely to leave most people yawning. However, industrial giants like Boeing, Airbus, Ford and Mitsubishi all use Blaser Swisslube products. The chairman and chief executive, Peter Blaser, told swissinfo that the…

Unemployment rate remains steady

This content was published on Jun 8, 2001 The number of people unemployed in Switzerland now stands at 61,097, slightly down from April’s figure of 63,032. The number of job vacancies has also remained steady at 14,195. Analysts said the unemployment data could be seen as another sign of a cooling of the Swiss economy, fanning expectations that the Swiss National Bank might…

Study reveals Swiss internet habits

This content was published on Jun 7, 2001 It reveals that, on average, the Swiss surf the internet 14 times a month and that on every occasion, they log on for about 26 minutes. Men continue to dominate home internet use and spend twice as long as women on the web. On every session on the web, Swiss users look at about 40…

Double-digit sales growth for Novartis in US

This content was published on Jun 7, 2001 In an interview with the German-language newspaper “Weltwoche”, on Thursday, Novartis chairman, Daniel Vasella, said the firm was steadily improving its position in the American market. “Compared with US companies, we naturally have a smaller percentage of our sales in the United States, but we are growing fast,” Vasella said. “We grew more than 20…

Swiss economy expands by 2.5 per cent

This content was published on Jun 7, 2001 Economists had expected gross domestic product (GDP) – the broadest measure of economic output -to grow by between 2.2 and 2.5 per cent, compared to 2.5 per cent growth in the previous quarter. Despite coming in at the top end of economists’ expectations the latest GDP data hasn’t dampened hopes for a cut in Swiss…

Profits shine at Richemont

This content was published on Jun 7, 2001 Releasing the figures on Thursday, the Swiss company, which owns a portfolio of leading brand names, also plans for a 100-for-one share split. The proposal follows changes to Swiss company law permitting lower nominal values per share. Sales at the company increased by 26 per cent to €3.6 billion, with jewellery sales rising 31 per…

Revealing secrets of the castle keeps

This content was published on Jun 6, 2001 Like the count, tourists first came to the Bernese Oberland in the first half of the 19th century, drawn by the paddle steamers, which still ply many of Switzerland’s lakes. Until that time the region was a relative backwater, only of interest to the nobility which controlled the meagre trade between the Oberland and the…

Archive – Banking & Fintech

Popular Stories

Most Discussed

Archive – Banking & Fintech

More

Job losses at Swissair dominate business headlines

More

Bell tolls for euro-zone currencies

More

Swiss National Bank expected to cut interest rates

More

Swiss firm greases the wheels of big business

More

Unemployment rate remains steady

More

Study reveals Swiss internet habits

More

Double-digit sales growth for Novartis in US

More

Swiss economy expands by 2.5 per cent

More

Profits shine at Richemont

More

Revealing secrets of the castle keeps

Popular Stories

Most Discussed