Archive – Banking & Fintech

The week in business

This content was published on Nov 25, 2000 SAirGroup’s board meeting on Wednesday failed to deliver a new corporate strategy to turn around losses at its flagship carrier, Swissair. There had been speculation that SAirGroup may be ready to sell a stake in Swissair to American Airlines, British Airways or Lufthansa. But after the meeting, the company said such a sale was not…

New body to oversee tighter BSE controls

This content was published on Nov 24, 2000 The agency would start work next March, if the authorities approve new measures to fight the disease, which were proposed by the federal veterinary office earlier this month. The main measure involves extending a ban on feeding bone meal to cattle to all other farm animals. The veterinary office said that retailers, farmers and butchers,…

Organic farming gets thumbs up for efficiency

This content was published on Nov 24, 2000 The study, carried out by the Research Institute of Organic Agriculture (FiBL), vindicates proponents of organic farming, who have long argued that it is a feasible alternative to conventional farming, which relies heavily on fertilisers and pesticides. The study found that, although organic crop yields were on average 20 per cent lower than those on…

Swiss halt imports of breeding cattle over BSE

This content was published on Nov 24, 2000 The federal office for agriculture said on Thursday it had postponed an initial auction of customs quotas, scheduled for this month, amounting to 70 per cent of total planned 2001 imports of 1,200 breeding cattle. Spokesman Rudolf Michlig said imports would be allowed once it was clear what was being done in Europe and Switzerland…

Couchepin in Argentina amid general strike

This content was published on Nov 24, 2000 Parts of the country came to a virtual standstill as the 36-hour strike took hold and thousands of workers in the transport, energy and health sectors withdrew their labour. Despite Argentina’s severe economic problems – the country has run up debts of $150 billion (SFr270 billion) – Swiss political and business leaders are anxious to…

Swiss, Italian cargo venture on hold

This content was published on Nov 24, 2000 Spokesman Christian Kräuchi said on Friday that the two companies had withdrawn their application for permission to set up the joint venture from the European Commission. He said the long-term goal remained a merger of the two companies’ cargo activities, but that they had to rethink how to go about it. The planned joint venture,…

US court ruling paves way for payments to Holocaust survivors

This content was published on Nov 23, 2000 The ruling on Wednesday by US district judge, Edward Korman, came more than two years after Swiss banks, UBS and Credit Suisse, and Jewish groups agreed the settlement over Holocaust-era assets. Payments should now start early next year, once a final appeal against the distribution plan is resolved. During the court hearing, some of the…

SAirGroup boss under scrutiny over Swissair

This content was published on Nov 23, 2000 SAirGroup issued a statement after the meeting saying that no strategic decisions had been taken. There had been speculation that SAirGroup was ready to sell part of Swissair to a major competitor. But the statement squashed these rumours saying that such a sale was not up for discussion. Media reports had concentrated on rumours that…

Switzerland’s trade balance swings into the red

This content was published on Nov 23, 2000 Imports grew by 19.3 per cent, while exports increased by 8.9 per cent. Figures released on Thursday by the finance ministry showed that the cost of imports rose due to higher energy prices and increases in prices of raw materials and semi-finished goods. In the first 10 months of the year, imports grew by 14…

Credit Suisse adds Britain’s Hambro to expanding asset list

This content was published on Nov 23, 2000 The move comes two months after the Swiss bank won approval to take over the US investment bank, Donaldson, Lufkin and Jenrette. Credit Suisse announced that it intended to buy JO Hambro last month. No purchase price has been disclosed. The deal is subject to normal regulatory approval. Hambro, with client assets of SFr3.8 billion…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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The week in business

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New body to oversee tighter BSE controls

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Organic farming gets thumbs up for efficiency

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Swiss halt imports of breeding cattle over BSE

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Couchepin in Argentina amid general strike

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Swiss, Italian cargo venture on hold

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US court ruling paves way for payments to Holocaust survivors

More

SAirGroup boss under scrutiny over Swissair

More

Switzerland’s trade balance swings into the red

More

Credit Suisse adds Britain’s Hambro to expanding asset list

Popular Stories

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