Archive – Banking & Fintech

The business week in review

This content was published on Sep 2, 2000 Credit Suisse on Wednesday announced it is to buy the American investment bank, Donaldson, Lufkin and Jenrette (DLJ). The deal will cost Credit Suisse around SFr20 billion ($11.5 billion), and comes two months after Switzerland’s biggest bank, UBS, bought the US broker, PaineWebber. On Thursday, Credit Suisse published its half-year figures, which showed net profits…

Start-ups face uphill battle to succeed in Switzerland

This content was published on Sep 2, 2000 Although the economy is growing solidly and unemployment has reached new lows, not everybody believes it’s a perfect world. For high-tech entrepreneurs, starting a business is still a tough proposition in the current legislative environment. Two major issues cloud their horizon: the minimum price of company shares and the lack of available work permits for…

Swiss railways sets sights on share of British market

This content was published on Sep 1, 2000 The Federal Railways announced in London on Friday that it was teaming up with two British partners to bid for franchises for passenger train services south-west of London. Total Swiss investment could be up to SFr200 million ($114 million). The partners are John Laing Investments and the M40 Trains company. The three companies have already…

Fewer houses built in first quarter

This content was published on Sep 1, 2000 Between April and June 7,300 new houses were completed, 300 fewer than in the second quarter of 1999. But taken as a whole the first six months of the year showed a slight increase in new buildings. Between them Switzerland’s five biggest cities accounted for a third of all new housing over the period in…

Inflation falls to 10-month low

This content was published on Sep 1, 2000 The federal office for statistics said on Friday the drop was caused by lower transport costs, mainly due to a fall in oil prices, and lower prices for clothing and shoes during the cut-price “sales” period. The price of oil – a key factor in the inflation rate – is set to rise again but…

Basel raises ceiling with new building

This content was published on Sep 1, 2000 The contract for building the 30-story tower was signed on Friday. It will form part of the Basel exhibition site and will house a luxury hotel, and office premises. The cost of construction is estimated at SFr150 million ($86 million) and will be covered by the developing company, Swiss Prime Site. Building work is not…

Swiss see Mozambique as example for Africa

This content was published on Sep 1, 2000 Addressing the conference, the Swiss foreign minister, Joseph Deiss, warned against taking a pessimistic approach to Africa. “There are many different faces to Africa,” he said. “Sierra Leone and the Congo are no more representative of Africa than Northern Ireland or Kosovo are representative of Europe. We must not forget that Africa has success stories,…

Swiss diplomat replaces Icelander at helm of EFTA

This content was published on Aug 31, 2000 Rossier served recently as Switzerland’s envoy to the World Trade Organisation (WTO), EFTA and other international economic bodies in Geneva. EFTA comprises Norway, Iceland and Liechtenstein, as well as Switzerland, which is its major contributor. It was launched as a counterweight to the then European Economic Community in 1965. Over the last years similar free-trade…

Roche strengthens its position as leading supplier of chemical therapies

This content was published on Aug 31, 2000 In a statement on Thursday, Roche said Kytril provided relief to cancer patients suffering from the severe and debilitating nausea and vomiting associated with chemotherapy. SB will, at the same time, acquire from Roche exclusive rights in the United States and Canada for Coreg, a drug for congestive heart failure and hypertension. Roche will pay…

Out & About in Switzerland: The spirit of Chevrolet returns

This content was published on Aug 31, 2000 Legend has it that a chance meeting with a member of the wealthy American Vanderbilt family drew Chevrolet cross the Atlantic. It was 1896 and Vanderbilt’s car broke down in the French town of Beaune, where the young Swiss worked as a mechanic in a bicycle shop. Impressed by Chevrolet’s ability to fix his car,…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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The business week in review

More

Start-ups face uphill battle to succeed in Switzerland

More

Swiss railways sets sights on share of British market

More

Fewer houses built in first quarter

More

Inflation falls to 10-month low

More

Basel raises ceiling with new building

More

Swiss see Mozambique as example for Africa

More

Swiss diplomat replaces Icelander at helm of EFTA

More

Roche strengthens its position as leading supplier of chemical therapies

More

Out & About in Switzerland: The spirit of Chevrolet returns

Popular Stories

Most Discussed