Archive – Banking & Fintech

Traffic returns to normal around Gotthard Tunnel

This content was published on Mar 31, 2001 At one stage on Friday, more than 850 trucks were blocked on the road heading towards the Chiasso frontier post on the border with Italy. Facilities at Chiasso have been stretched to the limit by large numbers of trucks – up to 5,500 a day – since a new heavy goods vehicle tax was introduced…

Russia calls for more investment by Swiss companies

This content was published on Mar 30, 2001 Couchepin is leading a delegation of industry leaders to Russia to assess whether reforms initiated by President Vladimir Putin have made the country a safer place to do business. “We want Swiss investors to feel at home here,” Gref said after his meeting with Couchepin. Russia and Switzerland on Friday signed an agreement worth SFr4.9…

SAirGroup shares come under heavy pressure

This content was published on Mar 30, 2001 Shares in the company, which is due to announce its long-awaited financial figures at a news conference in Zurich on Monday, plunged by more than eight per cent during the course of the day. Market players believe that there are some people who know “something more” than others, ahead of the scheduled meeting. Figures showing…

Switzerland’s Alternative Bank celebrates 10th birthday

This content was published on Mar 30, 2001 Formed in 1991 by a group of like-minded people, the ABS then attracted the financial support of such organisations as the World Wide Fund for Nature (Switzerland) and other socially responsible groups. The deputy chief executive of the ABS, Claudia Nielson, told swissinfo that business had grown tremendously in the past two or three years,…

Swisscom sells off further real estate

This content was published on Mar 30, 2001 The former monopoly, which is still 65 per cent owned by the Swiss government, has sold 162 buildings to PSP Real Estate Group for SFr1.28 billion ($740 million). Earlier this month it sold 28 buildings to a consortium led by Credit Suisse Asset Management in a deal worth SFr1.27 billion. Swisscom says it will make…

Opportunity knocks for Swiss business in Asia

This content was published on Mar 30, 2001 One organisation which has been trying to counteract this imbalance is the Swiss Export Association, which was started as an industry-funded concern in 1973. Christoph Häner, a member of Swiss Export’s executive board, told swissinfo: “We’re trying to assist small and medium-sized Swiss companies who are planning to export but lack the expert knowledge within…

Sulzer changes top the week’s headlines

This content was published on Mar 30, 2001 His resignation comes at a time when Sulzer is trying to ward off a hostile takeover bid from InCentive Capital, owned by the financier, Réné Braginsky. Roost said he was strongly identified with the failed merger last year between Sulzer and Sulzer Medica, and that InCentive Capital could use him as a weapon in its…

New strategy for SAirGroup to be unveiled

This content was published on Mar 30, 2001 The markets were nervous about the results on Friday, losing ground heavily. With final results expected from the company on Monday, analysts are estimating SAirGroup will announce a loss for 2000 of between SFr2.2 and SFr2.7 billion ($1.28-1.57 billion). The results will be presented by the new SAirGroup chairman and chief executive Mario Corti, former…

4M drops into the red

This content was published on Mar 30, 2001 The technology group, based in Yverdon, revealed a net loss for last year of SFr72.5 million ($41.98 million), after suffering a charge of SFr39.5 million for stock write-downs and restructuring. The 13-year-old company first forecast it would make a loss after feeling the effects of a downturn in the compact disc and computer disc market.…

Sulzer rejects InCentive bid

This content was published on Mar 30, 2001 The bid from InCentive, which says it controls around 15 per cent of Sulzer, calls for Sulzer shareholders to get two shares in medical technology unit Sulzer Medica plus SFr410 in cash or 0.9 InCentive shares per Sulzer share. InCentive, which formally launched the bid on Friday, is also proposing that former ABB vice-chairman Eberhard…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Traffic returns to normal around Gotthard Tunnel

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Russia calls for more investment by Swiss companies

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SAirGroup shares come under heavy pressure

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Switzerland’s Alternative Bank celebrates 10th birthday

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Swisscom sells off further real estate

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Opportunity knocks for Swiss business in Asia

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Sulzer changes top the week’s headlines

More

New strategy for SAirGroup to be unveiled

More

4M drops into the red

More

Sulzer rejects InCentive bid

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