Archive – Banking & Fintech

Swiss hostages freed after elite police storm yacht

This content was published on Jul 26, 2000 Frogmen from Greek coastguard vessels shot dead the Czech gunmen in an exchange of fire, according to the minister for the Greek Merchant Marine, Christos Papoutsis. He identified the Czech man as 38-year-old Frantisek Veseli. He said that Veseli had arrived in the Greek port of Thessaloniki from the Slovakian capital, Bratislava, on June 26.…

Post Office plans pilot scheme for post finance

This content was published on Jul 25, 2000 Postfinance, a division of the post office, will open three or four shops this autumn. The shops will be located in post offices in three or four cities across the country, but the exact locations have not yet been decided. Another of the shops will be opened in a major shopping centre. “In future, it…

Petrol prices fall again

This content was published on Jul 25, 2000 All the main petrol companies have cut their prices for lead-free by about four centimes a litre. Drivers will now pay SFr1.35 a litre for lead-free 95 and SFr1.41 for lead-free 98. The price for diesel remains unchanged. Petrol is becoming cheaper because of higher production levels in oil-producing countries. Prices are now around 15…

Credit Suisse takes greater share in Swiss Life

This content was published on Jul 25, 2000 CS Group disclosed on Tuesday it had increased its stake in Swiss Life to 5.5 per cent. Swiss Life has been the subject of takeover speculation in recent weeks, but CS said its interest was purely financial and it had no strategic aims. CS added that more than 10 per cent of Swiss Life’s shares…

Swiss revenues exceed government forecasts

This content was published on Jul 25, 2000 The federal authorities took in SFr26 billion in revenues in the first half of 2000 compared to SFr21 billion in the first six months of 1999, according to the finance ministry. Total revenue for this year is expected at SFr42 billion. But the finance ministry said it is too early to tell whether the stronger…

Micronas posts 600 per cent profit

This content was published on Jul 25, 2000 Net profits rose from SFr5.5 million to SFr32.6 million, the company said on Tuesday. It attributed the growth to increased consumer and automotive demand, which continued in the second quarter of this year. Key markets – in Europe, Asia and the United States – also showed growth. Micronas said it expected good annual results with…

Stock index seeks to promote socially responsible companies

This content was published on Jul 25, 2000 The Dow Jones Sustainability Group Index is a joint venture between Dow Jones Indexes in New York and the Zurich-based company, Sustainable Asset Management. It includes more than 200 companies based on their commitment to the environment, their use of technology, corporate relations and their treatment of the workforce. The index represents 68 industries from…

Zurich Design Collection goes beyond mere appearances

This content was published on Jul 25, 2000 Vegetable peelers, toasters, computer mice, teapots and tape recorders: there isn’t much the managers of the collection think is unworthy of display as a treasure of design. The only restrictions are that they should be the products of Swiss industry produced in a series in the 20th century. Norbert Wild, the deputy curator of the…

Swiss feel pinch at Hanover Expo 2000

This content was published on Jul 25, 2000 Representatives of the official Swiss pavilion, the “Swiss Sound Box”, admit Expo 2000 has so far failed to attract anything like the expected 40 million visitors. But the pavilion’s spokeswoman, Clare Schnyder, said it was still too early to draw conclusions, even though a third of Expo’s time is already up. The German government warned…

Associate of late Nigerian dictator fined for money laundering

This content was published on Jul 25, 2000 The Nigerian entrepreneur admitted aiding the transfer of SFr108 million into the accounts. The money has already been handed back to the Nigerian government. He showed willingness to co-operate with the police and was therefore spared a prison sentence, Swiss authorities said. The federal police also announced late on Monday they had frozen more accounts…

Archive – Banking & Fintech

Popular Stories

Most Discussed

Archive – Banking & Fintech

More

Swiss hostages freed after elite police storm yacht

More

Post Office plans pilot scheme for post finance

More

Petrol prices fall again

More

Credit Suisse takes greater share in Swiss Life

More

Swiss revenues exceed government forecasts

More

Micronas posts 600 per cent profit

More

Stock index seeks to promote socially responsible companies

More

Zurich Design Collection goes beyond mere appearances

More

Swiss feel pinch at Hanover Expo 2000

More

Associate of late Nigerian dictator fined for money laundering

Popular Stories

Most Discussed