Archive – Banking & Fintech

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,…

Purchasing power around the globe explained with a hamburger

This content was published on Sep 30, 2000 The two Swiss cities in the survey, Zurich and Geneva, are in the top group as far as prices and earnings are concerned. In terms of purchasing power, they head the list, together with Luxembourg and the major United States cities. The study uses the humble hamburger to illustrate the point. According to the survey,…

The business week in review

This content was published on Sep 30, 2000 On Tuesday, Switzerland and China finally reached agreement on a trade deal necessary for Beijing’s accession to the Geneva-based World Trade Organisation. Under the terms of the agreement, Swiss insurance firms will get three licences to operate in China. One, for non-life insurance, will go to Zurich Financial Services before China joins the WTO. The…

Swiss economics minister calls for free market agriculture

This content was published on Sep 30, 2000 Speaking in the “Berner Zeitung”, Couchepin said he supported the government policy paper for agriculture, Horizon 2010, which calls for, among other things, a reduction of milk production quotas or market subsidies. Couchepin said the current SFr4 billion in state subsidies would continue, but promised further structural changes. He said that over the next few…

Credit Suisse general meeting approves acquisition of DLJ

This content was published on Sep 29, 2000 A large majority of shareholders voted for an increase of authorised capital of up to SFr600 million ($347), or 30 million registered shares, to pay for the equity portion of the deal. Shareholders also voted to create conditional capital of a maximum SFr240 million to buy shares to back an existing option plan for DLJ…

Top economists confirm economic growth forecasts

This content was published on Sep 29, 2000 The 26 experts estimate that GDP will grow by 3.1 per cent this year and 2.3 per cent in 2001. The group, known as the Business Economists’ Consensus, is slightly more optimistic than three months ago when its members were forecasting a three per cent growth of the economy this year. They believe that the…

Victims of helicopter crash flown back to India

This content was published on Sep 29, 2000 Police in canton Valais, where the accident occurred, said about 20 friends and relatives who had remained in Switzerland to carry out the formalities linked to the repatriation of the bodies, also left on board the two aircraft. Seven Indians and a Swiss pilot were killed when two helicopters collided as they were coming in…

Christ announces figures in the black

This content was published on Sep 29, 2000 The group, based at Aesch near Basel, said it had standardised its project business, introduced EDP-based project management and streamlined group procurement. The measures would allow it to operate faster, more flexibly and more cost effectively. A statement said that a strong stock of orders, the positive half year results and permanent routine improvements would…

Major insurers drawn further into pension fund crash scandal

This content was published on Sep 28, 2000 The two multi-national insurers, which already had seven charges related to the Vera/Pevos scandal laid against them earlier this year, are facing 11 further charges in civil and insurance courts in the cantons of Zurich and Geneva. The new charges, two of which amount to SFr158 million alone, were announced by the plaintiffs acting on…

Repatriation of bodies of helicopter crash victims imminent

This content was published on Sep 28, 2000 A spokesman said flights were being arranged, and that the victims’ bodies would be flown out on Friday or Saturday. Four of the people injured, three of whom are Indian tourists, are still in hospital, but their lives are not in danger. Investigators into the collision of the two helicopters – which killed seven Indian…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Ministers promise no new energy taxes nor agriculture subsidies

More

Purchasing power around the globe explained with a hamburger

More

The business week in review

More

Swiss economics minister calls for free market agriculture

More

Credit Suisse general meeting approves acquisition of DLJ

More

Top economists confirm economic growth forecasts

More

Victims of helicopter crash flown back to India

More

Christ announces figures in the black

More

Major insurers drawn further into pension fund crash scandal

More

Repatriation of bodies of helicopter crash victims imminent

Popular Stories

Most Discussed