Archive – Banking & Fintech

Speed and security dominate Internet Expo

This content was published on Feb 8, 2001 Speed and security are this year’s themes. “We know that people don’t want to send credit card numbers over the Internet,” said Hans-Werner Grotemeyer, head of New Business Development at yellowworld, a daughter company of Swiss Post. “We offer retailers the opportunity to install our checkout system so that the moment clients decide to buy…

Zurich shares take hammering on lower profit warning

This content was published on Feb 8, 2001 The share price tumbled by eight per cent on the Zurich Stock Exchange in early trading, but recovered only slightly by the time the market closed. In a statement, Zurich said the weaker profits were down to an unexpected reserve strengthening for reinsurance and exceptionally severe weather-related claims. However, it added that earnings per share…

Keeping to traditions in Appenzell

This content was published on Feb 8, 2001 Artist Markus Fischli is restoring a painting on an antique cabinet. At 80 years of age, he still works five to six hours a day. Fischli is one of Appenzell’s master “peasant art” painters. His work is showcased in a gallery he’s set up beside his atelier in the well-preserved town of Appenzell. Like most…

Economic growth expected to slow in first half

This content was published on Feb 8, 2001 “The Swiss economy still continues on a clearly expansionary path but the tempo should slow in the course of 2001,” the KOF said on Thursday. The survey of about 5,000 companies in January showed that its indicator for overall industrial activity continued at the same high levels seen for roughly the past nine months. The…

Swiss banks square up for battle to defend banking secrecy

This content was published on Feb 8, 2001 Speaking at a news conference in Zurich, the Association’s chairman, Georg Krayer, said Switzerland had to defend its interests as a financial centre against “all-too-transparent demands” from the EU. EU countries are seeking to prevent their citizens from investing abroad without declaring income interest to tax authorities. In particular, they are seeking ways to exchange…

Consumer confidence at 10-year high

This content was published on Feb 8, 2001 SECO’s quarterly survey of some 1,100 households shows that consumer confidence rose to plus 25 points, matching the record peak of January 1989. The index, published on Thursday, is watched closely by economists to gauge whether consumer demand will remain an engine for growth. In a statement, SECO said households continued to view expected economic…

Novartis ordered to pull advert for breast cancer drug

This content was published on Feb 8, 2001 In a letter to Novartis, the US Food and Drug Administration (FDA) said an advertisement for the recently approved hormone drug, “Femara”, claimed the medication could treat illnesses for which it was not certified. It said the advertisement, which appeared in the medical journal, “Oncology”, failed to explain clearly the treatment for which “Femara” had…

Strong result for Unaxis after first year of business

This content was published on Feb 8, 2001 Unaxis said on Thursday that turnover in its Information Technology division soared by 79 per cent to SFr1.195 billion. A statement from the company’s headquarters in Zurich said orders received in 2000 had risen by 52 per cent to SFr3.732 billion. It added that Unaxis plans to float or sell off two business units this…

Income up but outlook less optimistic at Unilabs

This content was published on Feb 7, 2001 The group says the acceleration of growth in the second half of its financial year is down to strong internal expansion and the start of new hospital laboratory contracts. It expects full year revenue to rise by 15 to 20 per cent to between SFr190 and SFr200 million. However, shares in the group have come…

IT heavyweights show off their wares at Internet Expo

This content was published on Feb 7, 2001 The Expo, known as “iEX”, is one of the largest of its kind in Europe, and focuses on Internet products and services for corporate management, IT professionals and webmasters. Last year, nearly 50 per cent of visitors to the fair were employed in the Internet sector. Some of Switzerland’s biggest corporate names are participating in…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Speed and security dominate Internet Expo

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Zurich shares take hammering on lower profit warning

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Keeping to traditions in Appenzell

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Economic growth expected to slow in first half

More

Swiss banks square up for battle to defend banking secrecy

More

Consumer confidence at 10-year high

More

Novartis ordered to pull advert for breast cancer drug

More

Strong result for Unaxis after first year of business

More

Income up but outlook less optimistic at Unilabs

More

IT heavyweights show off their wares at Internet Expo

Popular Stories

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