Archive – Banking & Fintech

Rivella takes control of soft drink dispensers

This content was published on Oct 3, 2000 Rivella said the move would strengthen its position in the fruit juice sector. The two companies agreed that they would not release financial details of the transaction. Fruchthof has for many years had the licence rights of the Vitality Foodservice company in Florida, which makes automatic dispensers and fruit juice concentrates. A statement said that…

Nuclear power wins reprieve from government

This content was published on Oct 2, 2000 The government defended its decision on both commercial and environmental grounds. It said that phasing out nuclear power would damage the economy by pushing up the cost of energy. It added that it would also make it more difficult for Switzerland to reduce emissions of greenhouse gases to levels agreed at the Kyoto environmental summit.…

GaultMillau names Chef of the Year

This content was published on Oct 2, 2000 On Monday the guide announced that its 2001 edition had bestowed the title on Martin Dalsass, of the Ristorante Santabbondio in Lugano-Sorengo. His “virtuosity” with olive oil was singled out for praise. Forty four-year old Dalsass has been running “Santabbondio” for the past 15 years with his wife Lorena. The chef’s specialities include fresh trout,…

Leading stock market index gets overhaul

This content was published on Oct 2, 2000 The index, considered to give the pulse of the Swiss stock market, will be given a new look with the integration of companies that are typical of the “new economy”. Among them are the digital technology group Kudelski, based near Lausanne, and the Geneva-based biotechnology group Serono, which is the world leader in hormone treatment…

Soaring health costs tighten squeeze on consumers

This content was published on Oct 2, 2000 The seven per cent rise is almost double last year’s increase of 3.8 per cent and is likely to spark renewed criticism that Switzerland’s health costs are spiralling out of control. At a press conference in Lausanne, the Association of Swiss Health Insurers said it was merely passing on its costs to consumers. It said…

Electric performance for Esec

This content was published on Oct 2, 2000 The company, which makes assembly equipment for the semi-conductor industry, performed well despite hiccups in the market for microchips. Esec’s turnover reached SFr318.3 million in the first six months, up from SFr186 million during the same period last year. Net profits rose to SFr84.5 million from SFr4.6 million. Esec’s performance exceeded the expectations of analysts,…

Government aims to slash stamp duty

This content was published on Oct 2, 2000 It proposed on Monday that parliament vote on a series of urgent measures in December that would result in a loss of some SFr500 million ($290.7 million) to the federal coffers. In particular, the government wants to abolish stamp duty on turnover for certain institutional investors – public administrations, investment funds, life insurers and pension…

The Business Week Ahead

This content was published on Oct 1, 2000 Esec’s first half figures are eagerly awaited. The company makes assembly equipment for the semi-conductor industry. It recently said it expected strong growth this year despite the revenue warning issued by the US microchip maker, Intel.Analysts will be looking for an increase in earnings of around 50 per cent. The stock, however, is expected to…

All US tourists missing in central Switzerland now found

This content was published on Sep 30, 2000 Earlier on Saturday, the others in the group were found by a hiker. The missing included one 48 year-old man, a 68 and 48 year-old woman and a 12 year-old girl. Obwalden cantonal policeman, Edi Wallimann, said a 12-member search team from the Swiss Alpine Club had been dispatched to search for the missing tourists.…

Ministers promise no new energy taxes nor agriculture subsidies

This content was published on Sep 30, 2000 Speaking in the “Berner Zeitung”, Couchepin said the current SFr4 billion in state subsidies would continue, but promised further structural changes. He said that over the next few years, the number of farms would continue to decrease by two to three per cent. Couchepin said he supported the government policy paper for agriculture, Horizon 2010,…

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Archive – Banking & Fintech

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Rivella takes control of soft drink dispensers

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Nuclear power wins reprieve from government

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GaultMillau names Chef of the Year

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Leading stock market index gets overhaul

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Soaring health costs tighten squeeze on consumers

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Electric performance for Esec

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Government aims to slash stamp duty

More

The Business Week Ahead

More

All US tourists missing in central Switzerland now found

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Ministers promise no new energy taxes nor agriculture subsidies

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