Archive – Banking & Fintech

A well-aged tradition marks end of summer

This content was published on Sep 26, 2000 The “Cheese Sharing” festival (Chäseteilet) in canton Berne’s Justis Valley is one of the most traditional and colourful. The deep-cut valley, with dense pine forests climbing up the sides, belies any sign of farming activity. But nine farmhouses and cow stalls are scattered between the north shore of Lake Thun and the top end of…

Swiss economy facing best year for a decade

This content was published on Sep 25, 2000 At a news conference in Zurich on Monday, CS economic experts forecast that Swiss Gross Domestic Product would increase by 3.3 per cent this year and by 2.5 per cent in 2001. They say the slowdown is attributable to slower international growth, the appreciation of both the United States dollar and the Swiss franc against…

Roche unions demand across the board salary increase

This content was published on Sep 25, 2000 The industrial and construction union presented its demands on Monday before the start of the second round of negotiations. For the last two years, Roche has only granted salary increases on an individual basis. The first round of talks between management and the unions failed. Union leaders say they fear pay differentials will continue to…

Out & About in Switzerland: Cow fights in Valais

This content was published on Sep 25, 2000 The event, held during the Valais Fair (Foire du Valais), has a long tradition in the Valais. The all-black Hérens breed, known for their fighting instincts, do battle to determine their ranking, with the winner being crowned “Queen”. The contests begin in the spring at a much more modest level across the canton. Finally released…

Bucherer launches bid to gain full control

This content was published on Sep 25, 2000 Joerg Bucherer said he would bid SFr1,500 for every Bucherer participation share. The price is more than 55 per cent higher than the average price over the last twelve months and 30 per cent above Friday’s closing price. The offer will run from October 16 to 27. Mr Bucherer, the company’s chairman and chief executive,…

Switzerland backs IMF powers to monitor financial sectors

This content was published on Sep 25, 2000 Villiger said the IMF proposal would enable the organisation to identify possible sources of instability. Both Villiger and the economics minister, Pascal Couchepin, are in Prague for the annual meeting of the IMF and World Bank. Villiger was speaking in Prague on Sunday after chairing a meeting of finance ministers of the G10 countries (G7…

Swiss turn down new levy on energy resources

This content was published on Sep 24, 2000 The first measure, known as the Solar Initiative, was rejected by nearly 68 per cent of the population, while the two other related initiatives were also turned down, but by lesser margins. Speaking for the cabinet, the energy minister, Moritz Leuenberger, said the results were a setback for the government’s energy policies. Leuenberger said the…

The Business week ahead

This content was published on Sep 24, 2000 The construction company, Zschokke, releases its six month figures on Tuesday. Analysts are expecting earnings growth of around 30 per cent as the economic recovery continues to boost the industry. It is a cause for real celebration at Zschokke, which almost went under during the recession of the mid 1990s. The construction industry was badly…

Chestnut beer goes from strength to strength

This content was published on Sep 23, 2000 But for the last year and a half another beverage hailing from southern Switzerland has been making waves, made not from grapes but from other local produce: chestnuts. A nutritional engineer and environmentalist from Ticino, Gabriele Mazzi came across chestnut beer for the first time one summer while holidaying in the Mediterranean. Standing amidst crates…

Business week in review

This content was published on Sep 23, 2000 The Winterthur-based technology company, Sulzer, said it was selling off five divisions which account for around two thirds of its turnover and that it was to merge with Sulzer Medica. The management said it wanted to concentrate on the growth areas of medical devices and materials technology. Unions slammed the decision which they argued put…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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A well-aged tradition marks end of summer

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Swiss economy facing best year for a decade

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Roche unions demand across the board salary increase

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Out & About in Switzerland: Cow fights in Valais

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Bucherer launches bid to gain full control

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Switzerland backs IMF powers to monitor financial sectors

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Swiss turn down new levy on energy resources

More

The Business week ahead

More

Chestnut beer goes from strength to strength

More

Business week in review

Popular Stories

Most Discussed