Archive – Banking & Fintech

The business week in Switzerland

This content was published on Dec 23, 2000 The Unaxis company, formerly Oerlikon-Bührle, announced on Thursday that it is to sell its Pilatus aircraft company to a group of predominantly Swiss investors. The deal is to be concluded by the end of January and no details of the transaction have been released. The buyers are Jörg Burkart of Zurich, Hilmar Hilmarsson of Greppen,…

Swiss undeterred by British rail chaos

This content was published on Dec 23, 2000 The speed limits were imposed in Britain after a series of accidents, which highlighted the poor state of the rail network and damaged confidence in Railtrack, the company responsible for track maintenance. “Some people think we want to invest in infrastructure in Britain, which is not the case. We want to enter a partnership to…

Beef dropped from Christmas menus

This content was published on Dec 22, 2000 A spokesman for the supermarket chain, Migros, said the drop recorded in beef sales was continuing in the pre-Christmas period. “Our customers want their fondue chinoise without beef,” Andrea Müller said. She said that in place of beef, customers were buying horsemeat, poultry, and veal for their traditional Christmas dinner. She added that those who…

Credit Suisse expands online investment trading

This content was published on Dec 22, 2000 CSPB says it is the first bank to provide such a service, which offers direct access to more than 800 funds. In a statement from its headquarters in Zurich, CSPB said since that Fund Lab’s launch 20 months ago, the database has been expanded on an ongoing basis. Fund Lab now covers some 830 funds…

Kaba aims to unlock North American market

This content was published on Dec 22, 2000 Kaba, based in Rümlang near Zurich, said the acquisition would significantly expand sales, increase operating profit before amortization and strengthen the company’s position as one of the world’s leading providers of security technologies. In a statement, Kaba said key Unican shareholders had agreed, subject to conditions, to tender their shares. Kaba is to seek shareholder…

Untouched by the festive season

This content was published on Dec 22, 2000 After the festive season, Tischlein (which means tablecloth) will collect food being discarded by supermarkets and redistribute it to people in need – as it does every week of the year. Some rely on the service to supplement a meagre income; others because they are too proud to turn to the social services for help.…

Pilatus lands in arms of Swiss investors

This content was published on Dec 21, 2000 A sale had been expected for some time, following Unaxis’ decision to concentrate its activities on equipment and services for the information technology industry. In a statement on Thursday, Unaxis said the buyers were Jörg Burkart of Zurich, Hilmar Hilmarsson of Greppen, IHAG Holding of Zurich and the Pension Fund of the healthcare group F.…

Swiss pay highest prices in Europe

This content was published on Dec 21, 2000 The figures, released on Thursday, show that the overall cost of goods in Switzerland is 28 per cent higher than the European Union average. The report, published by the EU and the Organisation for Economic Cooperation and Development (OECD), is based on comparative economic indicators. Compared to its neighbours, Switzerland is 20-38 points above the…

Lothar impact not as bad as expected

This content was published on Dec 21, 2000 At a press conference in Bern on Thursday, the federal environment agency said that the clearing of the forests was already very far advanced. Lothar ravaged Switzerland on December 26, 1999, felling more than 10 million trees over a surface area of 46,000 hectares. The destruction is the worst ever recorded in Swiss forests, and…

Watch industry heading for record results

This content was published on Dec 21, 2000 The President of the Federation of the Swiss Watch Industry, François Habersaat, says there are no signs that the current boom will slow down. “The watch industry will continue its successful trend. It sells not only high quality products, but also dreams and emotions,” Habersaat told the Swiss news agency in an interview published on…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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The business week in Switzerland

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Swiss undeterred by British rail chaos

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Beef dropped from Christmas menus

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Credit Suisse expands online investment trading

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Kaba aims to unlock North American market

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Untouched by the festive season

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Pilatus lands in arms of Swiss investors

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Swiss pay highest prices in Europe

More

Lothar impact not as bad as expected

More

Watch industry heading for record results

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