Archive – Banking & Fintech

SAirGroup will not raise stake in SAA

This content was published on Jan 25, 2001 He was reacting to a statement by SAirGroup’s vice president of alliances, Richard Meichtry, in Johannesburg who said the airline had no intention of selling its stake in SAA, and could still be interested in taking up an option to buy a further 10 per cent in SAA. The group spokesman said Meichtry was not…

World Economic Forum summit gets underway in Davos

This content was published on Jan 25, 2001 Over the next six days, thousands of the private organisation’s members and guests will discuss topics ranging from the economic slowdown in the United States to the future of gene technology. The forum has come a long way since its launch 30 years ago when it was a purely European affair. Now it is the…

Controlling family to reduce stake in Vontobel

This content was published on Jan 25, 2001 The bank also said net profits in 2000 rose by 40 per cent to SFr341.6 million ($206 million), with assets under management up eight per cent at SFr76.7 billion. The group said that providing market conditions were favourable, the controlling family plans to reduce its holding to less than 50 per cent by placing shares…

Portuguese minister to meet SAirGroup chairman

This content was published on Jan 25, 2001 The meeting comes after SAirGroup – owner of Swissair – signalled a change of direction following the departure of its chief executive, Philippe Bruggisser on Tuesday. Coelho intends to find out SAirGroup intends to ditch its share in TAP-Air Portugal. The Portuguese government has warned that it will seek damages if the Swiss airline company…

Sales jump at Clariant

This content was published on Jan 25, 2001 The Basel-based group said on Thursday that it expected sales growth to continue in 2001. “In the current year Clariant expects to see dynamic expansion of its business, particularly in strategic growth areas,” the company said in a statement. The surge in sales in 2000 was driven by the strong performance of new products, and…

“Magic mountain” relays messages to leaders in Davos

This content was published on Jan 25, 2001 Starting on Thursday, when the summit kicks off, anyone with Internet access or a mobile phone can send messages to the delegates assembled in Davos through swissinfo’s “Hello Mr President” project. And there is little chance that their comments will be ignored because they will be projected in giant letters on to the slopes of…

Portugal warns SAirGroup to honour airline deal

This content was published on Jan 24, 2001 The Swiss group had agreed to pay 20 billion escudos (SFr154 million) for a 34 per cent stake in the loss-making Portuguese airline, but the deal was thrown into doubt on Tuesday when SAirGroup said it was calling a halt to all acquisitions in the airline sector. The announcement followed Tuesday’s news that SAirGroup’s chief…

ABB wins Indian metro rail order

This content was published on Jan 24, 2001 The order is to be completed by 2003 and will be funded by the Japanese Bank of International Cooperation. “The scope includes the complete supply, installation, testing and commissioning of traction electrification, power supply and distribution, as well as the supervisory control and data acquisition systems,” the company said in a statement. ABB went on…

Government seeks to reduce stake in Swisscom

This content was published on Jan 24, 2001 The measure, unveiled on Wednesday, envisages allowing the government to reduce its stake to less than 50 per cent. It currently owns 64.5 per cent of Swisscom, which was partially privatised via a stock market floatation in 1998. The government also included a proposal to let the Post Office expand its financial services by opening…

Civilian and military air control to merge

This content was published on Jan 24, 2001 The government accepted the legal basis for the merger on Wednesday, paving the way for a new organisation, to be called “Skyguide”, to take responsibility for Switzerland’s airspace. The move was, first mooted in 1997, was driven partly by the growing number of civilian flights at Swiss airports, and the authorities hope the change will…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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SAirGroup will not raise stake in SAA

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World Economic Forum summit gets underway in Davos

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Controlling family to reduce stake in Vontobel

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Portuguese minister to meet SAirGroup chairman

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Sales jump at Clariant

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“Magic mountain” relays messages to leaders in Davos

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Portugal warns SAirGroup to honour airline deal

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ABB wins Indian metro rail order

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Government seeks to reduce stake in Swisscom

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Civilian and military air control to merge

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