Archive – Banking & Fintech

New financial website to open soon

This content was published on Jan 8, 2001 The new site will be called www.moneycab.com. The former editor in chief of Cash magazine, Marcus Gisler, will head a team of 15 to 20 reporters. Franziska Hügli will be the site’s editor. She was formerly head of the financial section of “Bilanz” magazine. The new venture will offer general economic and financial news and…

Business Outlook

This content was published on Jan 7, 2001 Getting results in early is the medical technology group, Synthestretic, which is scheduled to produce its figures on Thursday. The company has regularly recorded sales growth of around 15 to 20 per cent in recent years, with net profit figures normally around 20 to 30 per cent. Analysts expect similar results to be announced this…

Franc stronger against major currencies

This content was published on Jan 6, 2001 The biggest gain was made against the Japanese yen (plus 8.4 per cent), but there were also above average gains against the dollar (plus 5.3 per cent) and against the British pound (plus 2.8 per cent). The ministry said on Saturday the franc had made much more moderate gains against the common European currency. The…

The business week in Switzerland

This content was published on Jan 6, 2001 Most Swiss economists welcomed the US move to cut rates by half a per cent, and said there would be no negative impact on the Swiss economy. The rate reduction was designed to boost the American economy, which has shown signs of slowing down in recent weeks, in a bid to prevent a much-feared “hard…

Zurich buys stake in Chinese insurance market

This content was published on Jan 5, 2001 Zurich’s investment in what is also China’s fourth largest life insurer amounts to $39 million (SFr62.79 million). Its participation has been carried out by a share capital increase of New China Life with three other foreign investors. The deal comes three months after the Swiss economics minister, Pascal Couchepin, signed an agreement on the sale…

Swiss palates warm to foreign beer

This content was published on Jan 5, 2001 The Swiss Brewers Association is playing down the ongoing slump, which has seen the sales of beer produced by local market leader, Feldschlösschen-Hürlimann, fall by 20 per cent over the past six years. The association’s director, Konrad Studerus, said the decline was being offset by increasing sales of beers produced locally under licence. “Thanks to…

Swiss create first investment fund for biomed stocks

This content was published on Jan 5, 2001 Adamant Biomedical Investments was formed by Swiss Life Asset Management – a wholly owned subsidiary of the Swiss Life insurance company – with three former partners of the Bellevue banking group. A statement on Friday said that Swiss Life Asset Management would own 51 per cent of the new company and that a future listing…

Diplomats in Switzerland get a change of clothes

This content was published on Jan 4, 2001 The first official measure taken by the new president, Moritz Leuenberger, means that the morning coat will no longer be required. Just before taking over the mainly ceremonial, annually rotating role of president, Leuenberger said he planned to simplify and modernise a variety of protocol rules. Ambassadors will now only have to wear a dark…

Swiss financial experts welcome Federal Reserve interest rate cut

This content was published on Jan 4, 2001 The Swiss markets backed this positive analysis, with the Zurich Swiss Exchange’s SMI closing on Thursday down just 2.1 points at 8116.8, a drop of only 0.03 per cent on Wednesday’s closing figure. The chief economist at UBS Warburg, Klaus Wellershoff, told swissinfo on Thursday that the Federal Reserve decision clearly demonstrated concern about the…

Swiss National Bank profits down by 60 per cent

This content was published on Jan 4, 2001 Whereas they brought profits of SFr4.1 billion in 1999, currency fluctuations led to a loss of SFr1.1 billion in 2000. A spokesman for the institution said the sharp rise in the value of the dollar against the franc was the main reason for the drop. Other currencies in which the bank holds reserves also fell…

Archive – Banking & Fintech

Popular Stories

Most Discussed

Archive – Banking & Fintech

More

New financial website to open soon

More

Business Outlook

More

Franc stronger against major currencies

More

The business week in Switzerland

More

Zurich buys stake in Chinese insurance market

More

Swiss palates warm to foreign beer

More

Swiss create first investment fund for biomed stocks

More

Diplomats in Switzerland get a change of clothes

More

Swiss financial experts welcome Federal Reserve interest rate cut

More

Swiss National Bank profits down by 60 per cent

Popular Stories

Most Discussed