Archive – Banking & Fintech

Credit Suisse unit gains Hong Kong bank licence

This content was published on Nov 27, 2000 Credit Suisse Group has operated a representative office in Hong Kong since 1988. The Hong Kong branch primarily provides private banking services, including deposits and foreign exchange, financing and investment advisory services. Credit Suisse Group is the second largest finance based company in Switzerland and ranks in the top 20 of the world’s banking groups…

Swiss logistics firm links up with partner in Singapore

This content was published on Nov 27, 2000 SembCorp said in a statement that it would issue 35.5 million new shares, or 20 per cent of its enlarged share capital, as part of the deal. K&N will subscribe to about 10.7 million shares and the remainder will be placed privately. K&N in turn will issue 400,000 new shares at SFr1,275 ($704) each to…

Urs Roth to head Swiss Bankers Association

This content was published on Nov 27, 2000 The 53-year old lawyer will replace Niklaus Blattner, who was recently elected to the board of the Swiss National Bank. The decision to appoint Roth was made unanimously by the association’s 19- member committee at a meeting in Bern on Monday. Roth’s appointment comes as something of a surprise after the Swiss press mooted Switzerland’s…

Bern gets to know its onions

This content was published on Nov 27, 2000 Some 700 stalls, heaped high with strings of onions, lined the streets of the city centre. The produce, grown on local farms, was trucked in during the early hours of Monday morning, and snapped up by eager visitors, in a tradition dating back to the 15th century. “Legend has it that at the beginning of…

Zurich backs its partnership with Kunming

This content was published on Nov 26, 2000 The clear-cut result in a popular vote on Sunday in favour of giving Kunming a loan of SFr1.32 million next year surprised many political analysts. A total of 51,902 voters (64 per cent) approved the loan, while 28,716 rejected it. Two members of the right-wing Swiss People’s Party had wanted the loan to be stopped…

Swiss supermarket giants tighten security on beef products

This content was published on Nov 26, 2000 The decision was taken in conjunction with the Swiss Federal Veterinary Office. A spokesman for Coop said the tests for Mad Cow Disease (BSE) could come into force as early as February 1, 2001. He would, however, not say which company would provide the tests. The Zurich company, Prionics, which has developed a set of…

Swiss cast ballots on defence spending and retirement age

This content was published on Nov 26, 2000 Voters are widely expected to reject all of the five federal issues, following Sunday’s vote. The main proposal, put forward by left-wing parties as well as peace and development aid groups, foresees slashing the army’s current annual budget of SFr5 billion ($2.75 billion) to just over SFr3 billion ($1.7 billion) over the next 10 years.…

Business Outlook

This content was published on Nov 26, 2000 The markets will also be focusing on how the integration of the recently acquired US investment bank, Paine Webber, is coming along. So far, it appears to be proceeding well with few defections among the top staff. The country’s biggest telecommunications company, Swisscom, releases its third-quarter figures on Wednesday. The telecom industry has rapidly gone…

Spanish bidders press for Swiss UMTS auction to go ahead

This content was published on Nov 26, 2000 In a statement on Saturday, Telefonica expressed its displeasure at the indefinite postponement of November’s sale of third generation licences. The company said it wanted the situation to be resolved swiftly. On November 13, the Communications Office stopped the auction just hours before it was scheduled to take place as the number of bidders for…

Switzerland set to clinch trade agreement in Mexico

This content was published on Nov 26, 2000 The deal is expected to benefit Swiss companies, which are expected to make savings on import duties of around SFr100 million. Couchepin will sign the document in the presence of the Mexican president, Ernesto Zedillo. His visit to Mexico concludes a six-day tour of Latin America during which he clinched trade deals with Chile and…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Credit Suisse unit gains Hong Kong bank licence

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Swiss logistics firm links up with partner in Singapore

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Urs Roth to head Swiss Bankers Association

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Bern gets to know its onions

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Zurich backs its partnership with Kunming

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Swiss supermarket giants tighten security on beef products

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Swiss cast ballots on defence spending and retirement age

More

Business Outlook

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Spanish bidders press for Swiss UMTS auction to go ahead

More

Switzerland set to clinch trade agreement in Mexico

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