Archive – Banking & Fintech

Federal commission proposes reform of family allowance system

This content was published on Oct 16, 2000 The Federal Coordination Commission on Family Questions on Monday proposed a standardised programme to replace the existing system, which varies in all of Switzerland’s 26 cantons. “Each canton has its own system and there are big differences among them. It’s not very efficient,” said commission president, Jürg Krummenacher. The reform would be based on a…

The business week ahead

This content was published on Oct 15, 2000 The Swiss franc has been attracting “safe-haven” status amid turbulence on world stock markets and troubles in the Middle East. However, the US dollar has so far remained the overall winner and looks set to continue on its stronger path against both the euro and the Swiss franc. On the corporate front, Ciba Specialty Chemicals…

Deiss promises Bangladesh investment boost

This content was published on Oct 14, 2000 Deiss, who is on a tour of Asian states, arrived in Bangladesh late on Friday. It is the first ever visit by a Swiss minister to the South Asian nation. Deiss told a news conference that he had signed an agreement on promotion and reciprocal protection of investment, which would create new opportunities for both…

Week in Switzerland

This content was published on Oct 14, 2000 The first stop was Thailand, where Deiss was accorded the honour of a meeting with King Bhumibol. He also held talks with political leaders, including the prime minister, Chuan Leekpai, and discussed a joint treaty on the exchange of prisoners with his Thai counterpart, Surin Pitsuan. From Thailand, Deiss moved on to the Philippines and…

The business week in review

This content was published on Oct 14, 2000 The week began with the French-language newspaper “Le Temps” revealing how Swiss companies were some of the leading foreign contributors to the coffers of the United States presidential campaigns. Swiss firms have contributed $1.2 million (SFr2.1 million) to the Republican Party, the newspaper reported. Switzerland’s largest watchmaking group, Swatch, announced on Monday that is was…

New consulate aims to reflect more open Switzerland

This content was published on Oct 14, 2000 From the outside, the Swiss House is a plain one-storey building. But walk through its front doors and you are confronted with an open-plan, loft-style layout with wooden floors and glass walls. One side of the room is taken up by a “digital wall” and a “knowledge café” helps visitors relax. “It’s important that if…

Swiss start-ups to learn from American experience

This content was published on Oct 14, 2000 The consulate, known as the Swiss House for Advanced Research and Education (SHARE), is being billed as the first in the world devoted to science and technology. It hopes to establish fruitful links between Swiss universities and their equivalents in the Boston area, such as Harvard and MIT. But it is also interested in encouraging…

Swiss cows make more milk the natural way

This content was published on Oct 13, 2000 Figures released on Friday show that the average Swiss dairy cow produces 17,6 litres of milk a day – or 6233 kilogrammes a year – 50 per cent more than their forebears managed in the late 1970s. This places Switzerland in the middle range for milk production among developed countries. Swiss cows lag behind their…

Georg Fischer in bid to strengthen market share

This content was published on Oct 13, 2000 Announcing the move on Friday, the company said it was joining with an investors’ group to buy the German group, Krupp Werner and Pfleiderer, from Thyssen Krupp. It intends to combine it with the two Georg Fischer companies, Waeschle and Buss, to form a new joint group. A statement from Georg Fischer’s Schaffhausen headquarters said…

Gurit-Heberlein pulls out of automotive industry

This content was published on Oct 13, 2000 In a statement on Friday, Gurit-Heberlein said it would receive SFr677 million ($384.4 million) for the shares. The company said the sale was agreed by both partners in response to increasing consolidation in the world’s automobile industry. It added that the sale would generate “considerable funds”, which would be used to expand its core synthetics…

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Archive – Banking & Fintech

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Federal commission proposes reform of family allowance system

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The business week ahead

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Deiss promises Bangladesh investment boost

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Week in Switzerland

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The business week in review

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New consulate aims to reflect more open Switzerland

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Swiss start-ups to learn from American experience

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Swiss cows make more milk the natural way

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Georg Fischer in bid to strengthen market share

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Gurit-Heberlein pulls out of automotive industry

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