Archive – Banking & Fintech

Economy expands at lower rate

This content was published on Nov 14, 2000 The study, by the Institute for Business Cycle Research (KOF) at the Federal Institute of Technology, said that despite the slowdown there was no reason to believe that Switzerland’s economy was about to enter negative waters. The quarterly survey of about 5,000 companies found exports slowing but still strong helped by a healthy global economy.…

Switzerland sells itself in Dubai

This content was published on Nov 14, 2000 “Swiss Horizons – Swiss Presence in the Gulf” opened in Dubai on Tuesday to the sound of alphorns and bell ringing. The three-day event is primarily concerned with promoting Swiss business in the region, but includes a host of cultural events to give visitors a flavour of Swiss life. Couchepin was accompanied at the opening…

Swiss lose their taste for beer

This content was published on Nov 14, 2000 The latest figures for 1999/2000, released on Tuesday, show that annual beer consumption has fallen by 12 litres per person since 1990, when the average Swiss gulped down 71 litres a year. The news is not all bad for domestic breweries, though. Sales of beers produced in Switzerland rose by one per cent, while imports…

Crealogix sees net profit slip

This content was published on Nov 14, 2000 The decline in net profit came despite a rise in sales. Turnover was up 34 per cent at SFr6.54 million. Crealogix said net profit was hit by the cost of September’s flotation on the Swiss stock exchange’s New Market. The company said it would now redouble its efforts to win new business and said this…

Bitter-sweet results for Barry Callebaut

This content was published on Nov 14, 2000 The Zurich-based company said in a statement that its net income for the year was SFr90 million ($50.9 million) compared with SFr100 million for the previous year. Operating income rose 14 per cent to SFr149 million while sales were up seven per cent to SFr2.4 billion. The net income figure was in line with analysts’…

Pressure increases for gene technology moratorium

This content was published on Nov 14, 2000 They said the BSE crisis should serve as a lesson about the dangers of tampering with natural farming methods. Outlining their opposition to gene technology at a press conference in Bern on Tuesday, environmental, consumer and animal rights groups said Swiss farming was suffering from a major credibility problem in the wake of the crisis…

Syngenta makes rocky stock market debut

This content was published on Nov 13, 2000 After being launched on the Swiss bourse at an opening price of SFr85 per share, it dropped more than 12 per cent during the day to a low of SFr74, and eventually closed trading on Switzerland’s SWX market at SFr79.50. Analysts said the plunge was surprising, expecially given that the launch price had already been…

Swiss mobile phone licence auction postponed

This content was published on Nov 13, 2000 A spokesman for the federal communications office, which organised the auction of the Universal Mobile Telecommunications System (UMTS) licences, made the announcement of a postponement at a news conference in Bern. The head of the office, Marc Furrer, said the merger decision late on Sunday by two of the remaining five bidders, Sunrise and diAx,…

Economics minister leads Swiss business offensive into Dubai

This content was published on Nov 13, 2000 Although geographically small, the UAE wields impressive economic clout in the Gulf region. It’s also a big importer of Swiss goods – particularly watches and machinery – buying around SFr500 million ($285 million) worth every year. The UAE’s importance to the Swiss economy is highlighted by the fact that more Swiss businesses are located in…

The Foire de Genève: a matter of taste

This content was published on Nov 13, 2000 Almost 300,000 people are expected to visit the “Foire de Genève” during the 12 days it is open, making it the second-biggest annual fair at the city’s Palexpo exhibition centre. Now a key date in the Geneva calendar, the fair has evolved into far more than just a line-up of the latest in vacuum cleaners,…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Economy expands at lower rate

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Switzerland sells itself in Dubai

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Swiss lose their taste for beer

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Crealogix sees net profit slip

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Bitter-sweet results for Barry Callebaut

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Pressure increases for gene technology moratorium

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Syngenta makes rocky stock market debut

More

Swiss mobile phone licence auction postponed

More

Economics minister leads Swiss business offensive into Dubai

More

The Foire de Genève: a matter of taste

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