Archive – Banking & Fintech

Central bank keeps interest rates unchanged

This content was published on Sep 14, 2000 In a statement on fourth-quarter monetary policy, the central bank said it was still aiming for the middle of the London Interbank Offered Rate (LIBOR) range. It repeated its June statement that inflation could edge over two per cent in 2001 before dropping back again in 2002. Economists were divided over whether the SNB would…

Credit Suisse sets new performance targets

This content was published on Sep 14, 2000 The bank managed assets totaling SFr1.227 trillion ($694 billion) at the end of June. The latest changes aim to increase core business alongside its investment banking activities. Credit Suisse says it is now aiming for a target of net new asset growth of more than six per cent, up from 5.2 per cent in 1999.…

Baloise profit heads up

This content was published on Sep 14, 2000 Baloise says recent acquisitions should boost annual figures and it also expects to improve revenues in terms of premium volume to SFr6.9 billion by the end of the year. The figures appear to be good news for the group’s shareholders. “The very gratifying half-year results hold out the promise of a further substantial dividend increase…

Economic growth slows

This content was published on Sep 14, 2000 Latest figures from the economics ministry show second-quarter growth up by 2.5 per cent on the first quarter. Year on year, the country’s GDP (gross domestic product) is up 3.8 per cent. Meanwhile, the Commission for Economic Affairs has repeated its forecast for an overall growth rate in GDP for 2000 of 3.1 per cent.…

Swiss cities among the world’s most expensive

This content was published on Sep 13, 2000 The study, released on Wednesday, comes a day after the World Bank said Switzerland was still the richest country on earth, with per capita income well ahead of that in the United States. The UBS survey placed Tokyo at the top of the list for prices and wages in a comparative study of 58 cities.…

Government refuses fuel tax reductions

This content was published on Sep 13, 2000 The government spokesman, Achille Casanova, said on Wednesday that there was no threat to petrol supplies in the country, or a risk of shortages in the near future. He acknowledged that the price increase for fuel would affect consumers. But he pointed out that petrol and heating oil in Switzerland were still among the cheapest…

Swiss cinemas pass economic screen test

This content was published on Sep 13, 2000 The report, the first detailed study of the economic state of the industry, says that in 1998 tax receipts from the film industry amounted to Sfr75 million, while subsidies totalled less than half that. It points out that 1,300 enterprises employed 4,700 full-time staff in the sector, creating indirect revenues of Sfr285 million as well…

Out & About in Switzerland: The cows come home

This content was published on Sep 13, 2000 Nowhere is the return of the cows such a colourful affair as in the eastern region of Appenzell, where many towns and villages hold their annual cattle fairs. Farmers, in traditional costume, lead their herds into the town squares where the cows are judged for their beauty. A wreath of paper flowers is tied to…

ABB continues efforts to re-focus business

This content was published on Sep 13, 2000 Analysts say the move is a further step in the company’s strategy of focusing on high-margin technology businesses. The cost of the deal was not disclosed. Cellier designs and installs production units as well as industrial process and control systems for the paper, lubricants, paint, oil and chemical industries. It also delivers software that allows…

Swiss Re profit soars

This content was published on Sep 13, 2000 In a statement, the company said it expected “very positive” results for the year as a whole. It said there were two main factors behind the latest figures. First, the surge in profit reflected a 22 per cent rise in investment income to SFr5.6 billion, mainly due to capital gains as Swiss Re shifted into…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Central bank keeps interest rates unchanged

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Credit Suisse sets new performance targets

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Baloise profit heads up

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Economic growth slows

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Swiss cities among the world’s most expensive

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Government refuses fuel tax reductions

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Swiss cinemas pass economic screen test

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Out & About in Switzerland: The cows come home

More

ABB continues efforts to re-focus business

More

Swiss Re profit soars

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