Archive – Banking & Fintech

Chemical industry assumes responsibility for Bonfol clearance

This content was published on Oct 17, 2000 An agreement between Basel Chemical Industries, which owns the site at Bonfol, near the French border, and the cantonal authorities was signed on Tuesday. But the details of how the site will be cleaned up are still far from clear. Bonfol stopped receiving waste in 1976 after a 15-year period of service. It contains around…

Underground rail system offers eco-friendly alternative

This content was published on Oct 17, 2000 One of the three studies carried out under a Swiss national research programme found that a Europe-wide underground railway would be at least five times more environmentally friendly than medium-haul air traffic. It said it would also use half as much energy as current high-speed rail networks such as Germany’s ICE or the French TGV.…

Sales climb 10 per cent at Roche

This content was published on Oct 17, 2000 However, this improvement was achieved only after fragrance and flavours unit Givaudan, which was spun off in June, was stripped out of the 1999 figure of SFr20.6 billion. This was restated at SFr18.5 billion. Roche repeated forecasts of an increase in full-year net profit of 10 per cent. This figure excludes special income from the…

The man behind the picture postcards of Lucerne

This content was published on Oct 17, 2000 Sipping a large café au lait on the Rathausquai, I take a last chance to go over a few of the countless articles about Kurt Illi, who many Swiss consider to be as much a city monument as Lucerne’s Chapel Bridge or Water Tower. Mist hangs over the city on the morning we meet. Illi…

Credit Suisse expands in Britain

This content was published on Oct 17, 2000 Credit Suisse said the deal would further strengthen Credit Suisse Private Banking’s (CSPB) global position in private banking. Both JO Hambro and Credit Suisse have agreed not to reveal the purchase price. JO Hambro will retain its name and current location and operate as an autonomous unit under the umbrella of CSPB. JO Hambro is…

Swisscom cuts interconnection rates

This content was published on Oct 17, 2000 The move follows the introduction of the new Long-Run Incremental Cost (LRIC) calculation method, which came into force this year. Swisscom said the reduction brings its rates into line with the European average and represented a “fair, transparent and consistent implementation of the regulatory requirements”. Swisscom’s latest move opens the way for more price competitiveness…

Ciba sees double-digit growth

This content was published on Oct 17, 2000 The company reported on Tuesday that net profit rose to SFr329 million ($185 million). The strong earnings came on sales of nearly SFr6 billion, an increase of 12 per cent in Swiss francs and five per cent in local currencies. The company said in a statement that sales increased in all divisions and in all…

Novartis sells FLINT range to Germany’s Bayer

This content was published on Oct 17, 2000 The sale to the German group includes production facilities in Muttenz, Switzerland, as well as all associated intellectual property rights, product trademarks, registrations and know-how. The sale was ordered by regulators in order to gain approval for the merger of Novartis Agribusiness with Zeneca Agrochemicals. The two companies will form a new crop protection group,…

Rising energy costs fuel increase in producer/import prices

This content was published on Oct 16, 2000 The figures, released by the Federal Statistics Office on Monday, underline the rising price pressures facing the Swiss economy. The combined index was unchanged on a monthly basis in August. The Federal Statistics Office said higher heating oil and fuel prices accounted for around half of the year-on-year rise in import prices. The latest figures…

World Health Organisation seeks to stub out cigarette smoking

This content was published on Oct 16, 2000 The options being considered range from a total ban on advertising and sponsorship by tobacco companies, to measures to dissuade young people from taking up smoking. Other strategies listed in the proposed treaty include a ban on smoking in public places and tax increases to make cigarettes more expensive. Tobacco manufacturers fiercely oppose the plan,…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Chemical industry assumes responsibility for Bonfol clearance

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Underground rail system offers eco-friendly alternative

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Sales climb 10 per cent at Roche

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The man behind the picture postcards of Lucerne

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Credit Suisse expands in Britain

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Swisscom cuts interconnection rates

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Ciba sees double-digit growth

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Novartis sells FLINT range to Germany’s Bayer

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Rising energy costs fuel increase in producer/import prices

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World Health Organisation seeks to stub out cigarette smoking

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