Archive – Banking & Fintech

Government agrees framework budget for 2002

This content was published on Feb 14, 2001 The GDP forecast is higher than the 1.6 per cent predicted by the Swiss National Bank in December but below the two per cent forecast made by the Organisation for Economic Cooperation and Development. The details of the 2002 budget are due to be published in April. The Finance Ministry also said it was pleased…

Government wants better protection for small savers

This content was published on Feb 14, 2001 Under the proposed legislation, people with savings of up to SFr5,000 ($3,000) would be reimbursed as quickly as possible in case an institution failed. Those with deposits of up to SFr30,000 should receive their money within three months. The government also wants the Federal Banking Commission to approve an obligatory guarantee of reimbursement. The proposed…

Swiss sweet tooth sends chocolate sales soaring

This content was published on Feb 14, 2001 The industry’s association, Chocosuisse, said on Wednesday that total sales volume for Switzerland’s 17 chocolate factories reached a record level of 138,373 tonnes last year. However, pressure on prices meant that turnover for the year rose by only 0.3 per cent. Domestic brands are also successfully defending their market share against imports, which accounted for…

Shares dive at ABB after 2000 results

This content was published on Feb 14, 2001 In the past 12 months ABB’s shares have fallen some 21 per cent, under-performing the broader Swiss market by 30 per cent. Its rivals, such as United States groups, General Electric and Ingersoll Rand, have done much better – their shares have improved between two to three per cent over the same period. Dealers were…

Valentine’s Day stirs affections of lovers and florists alike

This content was published on Feb 14, 2001 “Valentine’s Day has become the most important day for the flower business in Switzerland,” says Res Lehnherr, boss of Fleurop-Interflora Switzerland. “Last year was the first time that turnover was bigger than on Mother’s Day.” Fleurop-Interflora chalked up sales of close to SFr80 million ($48 million) from February 12 to 14 last year. Lehnherr says…

Claudia Cardinale presents Farinet award in vineyard

This content was published on Feb 13, 2001 In several respects, the award – worth SFr20,000 ($12,000) – is an unusual one. Presented every year to worthy causes, it is named after a Swiss folk hero and maker of counterfeit money who was shot dead by police in still controversial circumstances in 1880. Farinet, often compared with Robin Hood, distributed his ill-gotten gains…

SAirGroup warns of major shake-up ahead

This content was published on Feb 13, 2001 The warning of a “huge challenge” for all staff as the company redefines its corporate strategy was made by the SAirGroup’s chief personnel officer, Matthias Mölleney. Writing in this month’s SAirGroup staff newspaper, Mölleney was reacting to the departure of group chief executive Philippe Bruggisser on January 23. A statement issued at the time said…

OECD appoints Swiss to key position

This content was published on Feb 13, 2001 The Economics ministry said on Tuesday that 55-year-old Luzius Wasescha would replace the Swede, Arne Rodin. It’s the second time a Swiss has held the post. The committee is concerned with the coordination of OECD members’ trading policies and meets three to four times a year. Top of the OECD agenda at the moment is…

Explosion at Novartis evokes memories of Schweizerhalle disaster

This content was published on Feb 13, 2001 Nobody was injured in the blast, which caused severe damage to the building in Schweizerhalle in canton Basel Country, blowing out windows and scattering glass over a radius of 50 metres. Police said some 200 fire fighters were needed to bring the resulting blaze under control, and reinforcements were brought in from the nearby towns…

Sika Finanz boosts sales

This content was published on Feb 13, 2001 In a statement on Tuesday, the construction chemicals specialist also confirmed forecasts that its net profit would rise to around SFr100 million from SFr93 million in 1999. It said it is planning to raise its dividend to SFr2.3 per share from SFr2.1. Sales of construction chemicals rose 16.8 per cent to SFr1.47 billion, while turnover…

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Archive – Banking & Fintech

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Government agrees framework budget for 2002

More

Government wants better protection for small savers

More

Swiss sweet tooth sends chocolate sales soaring

More

Shares dive at ABB after 2000 results

More

Valentine’s Day stirs affections of lovers and florists alike

More

Claudia Cardinale presents Farinet award in vineyard

More

SAirGroup warns of major shake-up ahead

More

OECD appoints Swiss to key position

More

Explosion at Novartis evokes memories of Schweizerhalle disaster

More

Sika Finanz boosts sales

Popular Stories

Most Discussed