Archive – Banking & Fintech

Swissmetal back on track

This content was published on Nov 8, 2000 Orders were swollen by increased demand from the domestic market as well as France, Italy, the United States and the Far East. The German market remains more subdued. The company’s head, Nadine Minnerath, has also been outlining the group’s new strategy. Swissmetal will in future focus on its core activities. The restructuring will cost 30…

Abortion pill to be covered by compulsory health insurance

This content was published on Nov 8, 2000 The federal office for social insurance confirmed on Wednesday that it had given the go-ahead for the pill to be included on a list of drugs covered by compulsory health insurance. A spokesman said Mifegyne provided an alternative to surgery and should be available to all women who wanted or had to have a termination.…

Vodafone gets stake in Swisscom

This content was published on Nov 8, 2000 The Swiss government is Swisscom’s majority shareholder and holds 65.5 per cent of the equity. Swisscom will receive part cash and part Vodafone shares for the transaction, which should be completed before the end of next March Switzerland’s biggest telecommunications company said it would use the proceeds from the sale to fund future growth and…

Consumer confidence holds steady

This content was published on Nov 8, 2000 The rate is the highest since the record 25 points recorded in January 1989. The quarterly poll of around 1,000 households found that they expected prices to rise in the next few months. The survey shows persistent optimism on the country’s economy with a positive rating of 52 points. That is just three points lower…

Abortion pill to be covered by compulsory health insurance

This content was published on Nov 8, 2000 Swiss television reported on Tuesday that the federal office for social insurance had given the go-ahead for the pill to be included on a list of drugs covered by compulsory health insurance. The inclusion of Mifegyne on the list comes one year after the drug was authorised for use in Switzerland. The federal office had…

Nextrom changes strategy

This content was published on Nov 8, 2000 The company, based in Ecublens in canton Vaud, will reorganise its metallic cable, pipe and film equipment businesses into separate units and ultimately sell them. Nextrom said the restructuring, which should be completed within two years, would not cost any jobs either in Switzerland or abroad. The company estimates that demand for fibre optics should…

Swiss committed to helping southeast Europe

This content was published on Nov 7, 2000 Deiss said a commitment to the region was in Switzerland’s long-term interests. “The lasting stabilisation of south-eastern Europe is still one of the major tests facing Europe, and therefore Switzerland,” he said. He was speaking at the fifth annual government conference on co-operation with eastern Europe. This year, the event focused on the fifth anniversary…

Kuoni upbeat about profits

This content was published on Nov 7, 2000 Kuoni said on Tuesday that nine-month sales were up by 19.1 per cent to SFr3.06 billion and that group profits rose by 38.8 per cent to SFr97.3 million. A statement said the increase in turnover was due both to acquisitions and to internal growth, with currency fluctuations having only a negligible effect. Kuoni last month…

Swiss Life to launch integrated financial portal

This content was published on Nov 7, 2000 The redsafe.com site will offer a range of online services including banking, securities trading and funds and insurance products from Swiss Life as well as other companies. The service, to be launched at the beginning of next year, will be based in Zurich and will employ 40 people. If successful, it will quickly expand into…

Tamoil plans upgrade of Swiss refinery

This content was published on Nov 7, 2000 A management statement said modernisation of the plant was needed to assure its profitability. Some 40 jobs could be created as a result of the investment. Tamoil, which is part of the Oilinvest group of the Netherlands, said the Collombey plant no longer corresponded to the needs of the Swiss market. In future it is…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Swissmetal back on track

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Abortion pill to be covered by compulsory health insurance

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Vodafone gets stake in Swisscom

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Consumer confidence holds steady

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Abortion pill to be covered by compulsory health insurance

More

Nextrom changes strategy

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Swiss committed to helping southeast Europe

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Kuoni upbeat about profits

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Swiss Life to launch integrated financial portal

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Tamoil plans upgrade of Swiss refinery

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