Archive – Banking & Fintech

Publisuisse profits don’t tell whole story

This content was published on Sep 7, 2000 However, in a statement, the company said operating profit had declined to SFr37 million as a result of its Internet expansion strategy. The Lausanne-based group sold half its real estate holdings in January, which added a one-off SFr76 million to the financial result. It added that the second half of the year had begun well…

Unemployment continues to fall

This content was published on Sep 7, 2000 At the end of August, there were 63,708 people without a job, 1,432 fewer than at the end of July. The rate of unemployment remains unchanged at 1.8 per cent. The Secretariat reported that canton Geneva remains worst affected by joblessness (4.2 per cent), followed by cantons Vaud (2.8 per cent) and Ticino (2.7 per…

Holderbank to build on healthy profits

This content was published on Sep 7, 2000 In a statement on Thursday from its headquarters in Glarus, Holderbank said net sales went up by 17 per cent to SFr6.621 billion, lifted in part by the strength of the dollar. “The solid financial sales reflect not only higher sales but also efficiency improvements and, in some cases, better prices,” the company said. It…

Energy issues at the ballot box

This content was published on Sep 6, 2000 The Solar Initiative proposes a constitutional change to introduce a tax surcharge on non-renewable energy, such as nuclear power, gas and petroleum. It envisages a levy on energy bills of SFr0.01 rising to SFr0.05 per kilowatt hour within the first five years. This is expected to raise about SFr750 million annually over 25 years. The…

Red Cube goes west

This content was published on Sep 6, 2000 “Under the terms of the transaction, Red Cube, will pay Winter Harbor $60 million in cash and $20 million in long-term Red Cube share options in return for its majority stake in I-Link,” Red Cube said in a statement on Wednesday. “With this transaction, Red Cube and I-Link together will be the market leaders in…

Dreifuss honoured for health insurance reform

This content was published on Sep 6, 2000 The Bertelsmann Foundation praised the amended law as an example of how free-market elements can be incorporated into a public health system. Switzerland shared the DM300,000 prize (SFr240,000) equally with the Netherlands, which was rewarded for its primary health care. The interior ministry said Dreifuss accepted the prize on behalf of all those involved in…

Core profit up but net profit down at Zurich

This content was published on Sep 6, 2000 Normalised net profit better reflects the company’s core business as it excludes potentially volatile gains or losses from capital investments. However the group’s net profit rate, which includes capital fluctuations, actually dropped back by 24 per cent at $1.3 billion over the same period, as Zurich Financial Services cut back on capital gains. The company…

Oil price rises threaten winter crisis

This content was published on Sep 6, 2000 The surge in crude oil prices to a 10-year high means consumers can expect to pay almost twice as much for their heating this year as they did in 1999. Petrol prices have also risen sharply, but unlike France there is no petrol shortage in Switzerland. Swiss petrol stations are reporting a big influx of…

Swisscom ups the stakes in price war

This content was published on Sep 6, 2000 In the latest move in Switzerland’s telecom price war, Swisscom will reduce the price of calls to Britain to SFr0.12 ($0.068) a minute during the week from a current SFr0.25 a minute. The weekend rate will be SFr0.10 a minute down from SFr0.20 a minute. Call charges to South Korea and Taiwan will be slashed…

Small and medium firms urged to log on

This content was published on Sep 5, 2000 The “Untapped Potential” conference highlighted a range of benefits available to smaller firms, including increasing their customer base and widening their sources of supplies. Addressing the conference were Olli-Pekka Lintual, director of Nokia Mobile Phones, Michael Büsbeck, director of the Zurich-based e-commerce consultants Commerce One, and Swiss writer and commentator, Beat Kappeler. “Four years ago…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Publisuisse profits don’t tell whole story

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Unemployment continues to fall

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Holderbank to build on healthy profits

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Energy issues at the ballot box

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Red Cube goes west

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Dreifuss honoured for health insurance reform

More

Core profit up but net profit down at Zurich

More

Oil price rises threaten winter crisis

More

Swisscom ups the stakes in price war

More

Small and medium firms urged to log on

Popular Stories

Most Discussed