Archive – Banking & Fintech

WEF to discuss rifts of globalisation

This content was published on Jan 16, 2001 Unveiling its programme on Tuesday, the Geneva-based Forum said it was concerned to explore ways of smoothing the inequalities between the “haves” and “have-nots”. The announcement follows criticism from non-governmental organisations about the neo-liberal economic goals pursued by the organisation and the closed nature of its meeting in Davos. “Globalisation is currently not what it…

Big Swiss presence expected in Hannover

This content was published on Jan 16, 2001 It means that Swiss companies will have the third biggest presence at the world’s biggest industrial fair. Only France and Italy will have more firms present. In total, 7000 companies from more than 60 countries will be at Hannover. Around 300,000 visitors are expected. Swiss companies and organisations that have confirmed their attendance include ABB,…

Nestlé challenges world leader in pet food production

This content was published on Jan 16, 2001 If the acquisition is successful, it will create a pet-care business able to take on the market leader, Mars. The deal would give Nestlé a 40 per cent share of pet food sales in the US, making it the market leader. Worldwide, Mars would just hold on to the top spot. In a statement from…

St Moritz offers speed thrills and culinary delights

This content was published on Jan 16, 2001 The sport of bobsleighing began life in the Engadine resort, and St Moritz boasts the world’s last remaining natural ice track. It will be the site for the two and four man bobsleigh World Championships. The 1.6 kilometre-long run subjects athletes to more than five G-forces and the sleighs reach speeds up to 147 kilometres…

Nestlé to become a world leader in pet food production

This content was published on Jan 16, 2001 The move – also confirmed by the US company- will make Nestlé one of the world’s largest pet food producers. In a statement from its headquarters in Vevey, Nestlé said it would pay $33.50 per share in cash. Analysts say a deal could raise anti-trust questions, forcing Nestlé to divest itself of some brands to…

Nestlé reportedly ready to pay $10 billion for US pet food group

This content was published on Jan 15, 2001 The Wall Street Journal said on Monday that a deal could be announced within days. Neither company would comment on the report, which quoted unnamed sources close to the companies. It is believed that Nestlé is offering nearly $33 for each Ralston share – roughly 34 per cent more than the St Louis-based company’s closing…

Ushering in the “old” New Year

This content was published on Jan 15, 2001 On a cold winter’s morning, the bells make a frightening racket. Cows start mooing in protest, dogs bark in fear. The clanging can be heard high up on the steep hillsides outside the village of Urnäsch. It’s not yet daybreak on January 13, and a group of men in costumes, with large cow and sleigh…

Swiss cheese fails to lure mouse off plane in Zurich

This content was published on Jan 15, 2001 Speaking on Monday, a spokesman for the SAirGroup said a mouse had been seen in the cockpit of a Balair Boeing 767 an hour before it was due to take-off on Sunday. The spokesman said a mouse-catcher had immediately been dispatched to try and track it down, but was unable to find it. Mousetraps filled…

Philip Morris relocates to Lausanne

This content was published on Jan 15, 2001 The move is aimed at speeding up the company’s decision-making process by alleviating the time difference between major markets. The move will be completed in a year’s time. The details of the new operation in Lausanne will be released in three months. The tobacco giant’s business activities in Europe, Africa and the Middle East are…

Gretag Imaging issues new profit warning

This content was published on Jan 15, 2001 Gretag Imaging said on Monday that annual sales had come in at the lower end of expectations. The company’s new chief executive, William Recker, said the firm was facing a financial burden caused by its inefficient structure. He added that it also lacked a clear strategy. In November, the company said net profit for 2000…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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WEF to discuss rifts of globalisation

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Big Swiss presence expected in Hannover

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Nestlé challenges world leader in pet food production

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St Moritz offers speed thrills and culinary delights

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Nestlé to become a world leader in pet food production

More

Nestlé reportedly ready to pay $10 billion for US pet food group

More

Ushering in the “old” New Year

More

Swiss cheese fails to lure mouse off plane in Zurich

More

Philip Morris relocates to Lausanne

More

Gretag Imaging issues new profit warning

Popular Stories

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