Archive – Banking & Fintech

Head of BZ bank group sells shares in Roche

This content was published on Aug 21, 2000 Last February Ebner demanded that Roche create a unified share structure so shareholders’ influence would more accurately reflect their holdings. The effect would have been to give him a greater say in the running of the company – at the time, the founding family owned more than 50 per cent of the shares with voting…

SAirGroup negotiates with ReWe in search of partner for LTU

This content was published on Aug 20, 2000 SAir holds a 49,9 per cent stake in LTU, which is based in Düsseldorf. SAir could use Monday’s announcement of its financial results to close a deal with ReWe. SAir would not comment on the extent of ReWe’s participation in the goup.SAir has been looking for a partner that could overhaul LTU, Germany’s fourth largest…

The business outlook

This content was published on Aug 20, 2000 On Tuesday, Switzerland’s biggest bank UBS will disclose its results for the first six months of the year. Investment bank, Lehman Brothers, said last month that the market had to realize that there was still room for growth at UBS. The Swiss bank has been grabbing the headlines of late with its $11 billion acquisition…

Cheese-makers angry as noose tightens on holes in Emmental

This content was published on Aug 19, 2000 The US Department of Agriculture (USDA) has put forward proposals to lower the minimum size of the holes, or “eyes”. Swiss Emmental manufacturers say the move would have a devastating effect on the taste and quality of the cheese exported to the US. If the proposal is approved, and the Swiss makers don’t shrink the…

The Week In Review

This content was published on Aug 19, 2000 The Federal Customs Authority reported that Switzerland’s exporters were reaping the benefits of the continuing economic boom in the United States. Latest figures indicated that a weak currency and strong US demand had pushed exports to a record high. They showed exports last year increasing by 17.4 per cent to reach SFr13 billion ($7.6 billion).…

New computer virus: The Swiss connection

This content was published on Aug 19, 2000 The computer specialists, Computer Associates, have warned that the “I Love You.BD” virus is a new variant of the “I Love You” bug which caused such chaos around the world earlier this year. The virus is spread in the same way, via the Microsoft Outlook e-mail programme. The mail containing the virus is named “Resume”…

Swiss retrieve over a billion francs from former East Germany

This content was published on Aug 18, 2000 The president of the association, Werner Stauffacher, said that he was more than happy with the progress made so far. He told a news conference in Zurich on Friday: “Around 95 per cent of claims on housing property, bank loans, land lease agreements and company ownership have been paid out by the German authorities.” Since…

Hornussen players poised for big challenge

This content was published on Aug 18, 2000 About 5,500 players will be competing in the eastern town of Frauenfeld in canton Thurgau for one of the highly-prized drinking horns, the Hornussen equivalent of an athlete’s gold medal. The rules are simple. The members of one team, which comprises 16 to 18 men, take turns at hitting a round puck placed on a…

Swiss spending more on holidays

This content was published on Aug 18, 2000 Foreign tourists spent SFr11.7 billion ($6.84 billion) in Switzerland last year, an increase of SFr135 million over 1998 ( 1.2 per cent). In a communiqué, the Office said that Swiss holiday spending abroad in 1999 rose to SFr10.4 billion, up SFr484 million from the previous year ( 4.9 per cent). The lion’s share of foreign…

Ukrainian Roma receive money from Holocaust fund

This content was published on Aug 18, 2000 The administrators of the fund said 3,966 Ukrainian Roma would receive $400 each. They said the sum represented a significant financial boost to the needy Holocaust survivors, whose average monthly income is only $20. Speaking at the ceremony in Kiev, the fund’s president, Rolf Bloch, underlined the importance of the payments. He said the fund…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Head of BZ bank group sells shares in Roche

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SAirGroup negotiates with ReWe in search of partner for LTU

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The business outlook

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Cheese-makers angry as noose tightens on holes in Emmental

More

The Week In Review

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New computer virus: The Swiss connection

More

Swiss retrieve over a billion francs from former East Germany

More

Hornussen players poised for big challenge

More

Swiss spending more on holidays

More

Ukrainian Roma receive money from Holocaust fund

Popular Stories

Most Discussed