Archive – Banking & Fintech

Vontobel abandons plans for e-bank

This content was published on Feb 27, 2001 In a statement on Tuesday, the bank said the project had cost more than SFr150 million ($90 million) last year. But it said the decision to scrap its e-bank would not affect its operating results this year. Vontobel was the first Swiss bank to announce plans to set up a separate business to concentrate on…

Brussels opens inquiry into Sabena deal

This content was published on Feb 27, 2001 The Commission is to investigate whether the rescue plan violates European Union competition rules. “An urgent inquiry into the Belgian state carrier has been launched in order to obtain more information,” said Michael Tscherney, a Commission spokesman. A Belgian court asked the Commission whether the injection of €250 million (SFr380 million) was legal or could…

The secrets behind the Lötschen valley masks

This content was published on Feb 27, 2001 In the weeks leading up to Ash Wednesday, groups of terrifying creatures wearing sheep or goatskins roam like restless spirits in the Lötschen valley. The narrow stretch of land lies between the peaks of the Bernese Oberland and canton Valais, and was cut off from the rest of the world until the arrival of the…

Merger to create new Swiss property giant

This content was published on Feb 26, 2001 In a joint statement, the companies said the merged enterprise would have a real estate portfolio of about SFr1.8 billion ($1.08 billion) and a market capitalisation of about the same amount. They said no more details would be released until early April. Feldschlösschen-Hürlimann is in the process of changing the focus of its activities. It…

Switzerland and Jordan sign investment pact

This content was published on Feb 26, 2001 The Swiss economics secretary, David Syz, and Jordan’s minister for trade and industry, Wasif Azar, signed the deal on Monday in the Jordanian capital, Amman. The main features of the agreement deal with the transfer of capital and investment revenues. The state secretariat for economic affairs said it should encourage investment in both countries. Swiss…

Swiss dotcom signs deal with Hewlett-Packard

This content was published on Feb 26, 2001 The alliance announced on Monday means that Hewlett-Packard will offer Fantastic’s software together with its own servers, PCs, consulting services and support. “We are proud that Hewlett-Packard has selected Fantastic’s technology,” said Fantastic CEO, Reto Braun. “This relationship with Hewlett-Packard is an important step for Fantastic as it significantly extends our ability to deliver solutions…

Swiss company unravels rice genome

This content was published on Feb 26, 2001 The Basel-based company says it is a groundbreaking discovery which is likely to have a global impact on improved food and crop production. The project was carried out at the company’s Torrey Mesa Research Institute (TMRI) in California. Rice has been one of the key food crops attracting research from genetic scientists aiming to map…

SAirGroup refuses to reconsider Expo 02 pullout

This content was published on Feb 25, 2001 Erwin Schaerer, spokesman for SAirGroup, said there was “no turning back from a decision already made by the group’s board of management”. SAirGroup, which owns the national carrier Swissair, is seeking to end speculation that it may reconsider its withdrawal of SFr6 million offered to support Expo 02. In an interview with the Swiss newspaper,…

Transport ministry moves to stop level crossing deaths

This content was published on Feb 25, 2001 According to a report in the “SonntagsZeitung” newspaper, the transport ministry has said it aims to ask the government to invest SFr100 million in upgrading Swiss level crossings that do not have the equipment to warn and prevent people from crossing the rail tracks when a train is approaching. Last week, a 38-year-old woman and…

EFTA concludes free trade pact with Croatia

This content was published on Feb 23, 2001 EFTA has announced the conclusion of a pact with Croatia aimed at opening markets for goods between Zagreb and its member nations. The pact was negotiated in just four months, and will be formally ratified at a ministerial meeting in Liechtenstein in June. The agreement will come into force from the beginning of next year.…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Vontobel abandons plans for e-bank

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Brussels opens inquiry into Sabena deal

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The secrets behind the Lötschen valley masks

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Merger to create new Swiss property giant

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Switzerland and Jordan sign investment pact

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Swiss dotcom signs deal with Hewlett-Packard

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Swiss company unravels rice genome

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SAirGroup refuses to reconsider Expo 02 pullout

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Transport ministry moves to stop level crossing deaths

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EFTA concludes free trade pact with Croatia

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