Archive – Banking & Fintech

EFTA aims for trade deal with Mexico

This content was published on Jul 19, 2000 The announcement on Wednesday comes two weeks after the talks began, and follows similar negotiations between Mexico and the European Union. Making the announcement at a press conference in Mexico City, the Swiss ambassador, Marcus Keiser, said he hoped relations between the EFTA and Mexico would be strengthened by the arrival of the new Mexican…

Métraux expands presence in vehicle navigation market

This content was published on Jul 19, 2000 Financial details of the deal were not disclosed which also means that Métraux will become the main importer of products from Alpine Electronics from Japan. Under the deal, Alpine Switzerland’s activities are to be incorporated into Métraux’s automotive division. The acquisition comes a month after Métraux listed on the Swiss stock exchange. Métraux is by…

Swatch plans huge investment

This content was published on Jul 19, 2000 In an interview with the French-language Radio Suisse Romande on Wednesday, Hayek said the investment programme would be one of the biggest in Swiss commercial history. The investments are to focus on production centres for watches and watch components, jewellery and accessories as well as on wholesale and retail distribution. The construction of a second…

Web surfing on mobile phones gets off to slow start

This content was published on Jul 18, 2000 Wap (Wireless Application Protocol) is meant to revolutionise the way people use the Internet but providers are admitting that take-up has so far been slow. The three main providers (Swisscom, Orange and Diax) estimate that in total about 50,000 users can now access the Internet through their mobile phones. This is a tiny figure compared…

UBS launches share operations via the WAP phone

This content was published on Jul 18, 2000 A limited number of customers, subscribers to the UBS on-line service, will be able to buy and sell shares via the WAP (Wireless Application Protocol) as well as check their accounts, under a pilot project starting on Tuesday. Only one type of mobile phone can be used for the time being to ensure data protection.…

State pension fails to inspire public confidence

This content was published on Jul 18, 2000 The study of 1,031 people suggests that Switzerland’s politicians will have to work hard to convince voters that the state pension will continue to provide a safety net. The results come as the debate over pensions has been hotting up, with parliamentarians from all sides calling for action to prop up the pension scheme. On…

Feldschlösschen to make Coca-Cola for Switzerland

This content was published on Jul 18, 2000 The deal means Feldschlösschen will take over a large part of Coca-Cola’s production, destined for Switzerland. From January several million litres of the famous soft drink will be produced at Feldschlösschen’s Eglisau plant. Around SFr7.3 million will be invested in the plant, which will increase its capacity to more than 150 million bottles a year.…

Zurich airport expansion runs into resistance from residents

This content was published on Jul 18, 2000 Local people around Kloten say the its extension has more to do with increasing shareholder value than equipping Zurich with an adequate airport. The management argues that the expansion of Zurich’s newly privatised Kloten airport is crucial for its future. They say that, by 2010, Kloten expects to be handling up to 34 million passengers…

EU to start talks with Switzerland next year on tax evasion

This content was published on Jul 17, 2000 The aim is to ensure that the EU regulations are adopted by as many countries as possible, so that EU citizens have no reason to place their savings abroad. EU finance ministers, meeting in Brussels on Monday, agreed to seek an accord among themselves by the end of November and to start talks with other…

Shareholders of algroup approve merger with Alcan

This content was published on Jul 17, 2000 Around 500 shareholders attended the algroup extraordinary general meeting on Monday in Zurich and, as expected, accepted the recommendations of the company’s board. The vote paves the way for a share exchange set for August and the creation in October of the world’s second largest aluminium producer with annual revenues of SFr20.5 billion. Only Alcoa…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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EFTA aims for trade deal with Mexico

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Métraux expands presence in vehicle navigation market

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Swatch plans huge investment

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Web surfing on mobile phones gets off to slow start

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UBS launches share operations via the WAP phone

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State pension fails to inspire public confidence

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Feldschlösschen to make Coca-Cola for Switzerland

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Zurich airport expansion runs into resistance from residents

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EU to start talks with Switzerland next year on tax evasion

More

Shareholders of algroup approve merger with Alcan

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