Archive – Banking & Fintech

Swiss sets new transatlantic record

This content was published on Feb 7, 2001 The former Vendée Globe competitor beat the previous record holder, Robert Miller, by more than three hours. Miller congratulated the Swiss for his achievement, particularly for breaking the record during the winter months, when conditions are rougher. It took Stamm three years to prepare for the challenge, surviving on a non-existent budget and only finding…

Warm weather leaves wildlife vulnerable

This content was published on Feb 7, 2001 This winter is already one of the warmest on record, and unseasonably high temperatures this month have prompted birds to start breeding and plants to flower, even though spring is still months away. This week, temperatures in the northern city of Basel climbed to 17 degrees, more than 10 degrees above the seasonal average. For…

Higher profits expected at Swiss Re

This content was published on Feb 7, 2001 Swiss Re provided indications on business trends ahead of Wednesday’s Investors Day. The lower than expected increase in profits reflects the fact that the company is putting more of its money into its reserves than in the previous year. These reserves are used to cover catastrophe losses and claims. The larger additions are being made…

Unemployment edges higher

This content was published on Feb 7, 2001 The State Secretariat for Economic Affairs said on Wednesday that the rate, which is not seasonally adjusted, was generally in line with market expectations. Unemployment is expected to remain close to this level over the course of the year as the economy continues to expand, but at a slower rate compared last year. “It is…

Nortel Networks takes over Zurich-based firm

This content was published on Feb 7, 2001 The deputy manager of Nortel’s Swiss branch, Thomas Marfurt, said there would be no layoffs in Zurich, nor at Nortel’s own offices. Four hundred employees currently work for JDS Uniphase AG, constructing high-precision optical laser pump chips. The Zurich company is one of two companies worldwide capable of making the laser pumps, which are essential…

Davos investigates security at WEF Forum

This content was published on Feb 7, 2001 “The Davos Forum cannot continue in its present form,” said Klaus Huber, the director of the cantonal economics department who is heading the commission. Huber said that the unprecedented security operation mounted at this year’s summit last month, had met with disapproval among residents. “It is vital that the Forum gets the approval and support…

SAIA-Burgess forecasts sales of more than half a billion

This content was published on Feb 6, 2001 The electrical components to automation systems group made the announcement on Tuesday after revealing a 17.7 per cent increase in sales over 2000 at SFr382.7 million ($234.4 million). The group said its operating profit margin for 2000 would be higher than in 1999, rising to slightly more than 10 per cent of sales. Full results…

End in sight for Holocaust-era claims on Swiss banks

This content was published on Feb 6, 2001 Singer’s comments on Tuesday followed the release of details of some 21,000 dormant Swiss bank accounts, which may have belonged to Holocaust victims. He said the WJC and Switzerland’s two biggest banks – UBS and Credit Suisse – were “working together 100 per cent”, and that he expected the matter over Holocaust-era assets to shortly…

Rieter boosts sales

This content was published on Feb 6, 2001 Announcing the result on Tuesday, the company said in a statement that both operating profit and net profit would be higher than in 1999. “Due to the positive sales trend and ongoing cost management, the operating result before interest and taxes and net profit will exceed the previous year’s figures.” It said most of the…

Hot air balloons lift Château d’Oex out of winter doldrums

This content was published on Feb 6, 2001 If one had any doubt about what was happening in Château d’Oex, a quick glance into the shop windows would have provided a clue. They were full of postcards, stickers, photographs, toys, pastries, place mats and breadboards, all representing or depicting hot air balloons in various shapes, sizes and colours. Above the resort, against a…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Swiss sets new transatlantic record

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Warm weather leaves wildlife vulnerable

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Higher profits expected at Swiss Re

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Unemployment edges higher

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Nortel Networks takes over Zurich-based firm

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Davos investigates security at WEF Forum

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SAIA-Burgess forecasts sales of more than half a billion

More

End in sight for Holocaust-era claims on Swiss banks

More

Rieter boosts sales

More

Hot air balloons lift Château d’Oex out of winter doldrums

Popular Stories

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