Archive – Banking & Fintech

National Bank hikes rates as inflation fears mount

This content was published on Jun 15, 2000 At a news conference in Geneva, the president of the Bank, Hans Meyer, announced that the SNB had raised the target range for the three-month Libor rate by 50 basis points from 2.5-3.5 per cent to 3.0-4.0 per cent. “If the three-month Libor rate were left at the current level, an inflation rate of more…

SNB raises interest rates

This content was published on Jun 15, 2000 The expected increase should help the Swiss economy stem a risk of inflation as the domestic economy continues to boom. First quarter economic growth in Switzerland came in at a high of four per cent year-on-year, with the unemployment rate falling to 1.9 per cent – an eight year low. This latest move by the…

Competition commission closes retail inquiry

This content was published on Jun 15, 2000 The commission announced that it has found no evidence of cartel activity between the four businesses. The investigation had been looking at whether distribution of branded food products was affected by cartel-style practises. The first indications were that there was an agreement in the area of expenses that producers paid to retailers to secure space…

Moo York, Moo York!

This content was published on Jun 15, 2000 Not real cows, but life-size fibreglass bovines whose hides have been painted and decorated by local artists. As in Zurich – where the idea originated in 1998 – each cow is sponsored and eventually auctioned for a variety of good causes. In New York the beneficiaries will be selected charities for children, the arts and…

Swisscom launches e-commerce market

This content was published on Jun 15, 2000 Conextrade is based on a product by the United States-based Commerce One company, with whom Swisscom concluded an agreement in January. This new trading platform will link buyers and sellers throughout Switzerland and central Europe, accelerating trade and reducing costs for trading partners. Swisscom’s own purchasing department will be the first customer on the Electronic…

Holderbank cements its strategy in the Balkans

This content was published on Jun 14, 2000 Under the contract, the first such involving a foreign firm since the end of the inter-ethnic strife in Kosovo a year ago, Holderbank will invest SFr27 million in capital equipment to upgrade the plant, plus undisclosed extra amounts for training and social and environmental projects. The agreement was signed with the United Nations Mission in…

Women less keen on founding a company than men?

This content was published on Jun 14, 2000 The study, by the University of Applied Sciences in Solothurn, shows that only 16 per cent of new firms are founded by women. However, it finds that many more women (33 per cent) are self-employed. The study draws the conclusion from this that women often found companies with an annual turnover of less than SFr100,000…

Modex to launch on SWX New Market

This content was published on Jun 14, 2000 A maximum of 495,000 registered shares will be offered at a price of between SFr148 and SFr168 per share. The initial block of shares on offer represents 33.8 per cent of the company’s capital. Modex said it would use the proceeds from the sale to finance research, acquisition of technologies and growth. Modex, is known…

Rare Swiss stamps go on sale

This content was published on Jun 14, 2000 The collection took more than 20 years to build up and is the work of a Canadian philatelist with close associations with Switzerland and Geneva. The collection includes three double Geneva stamps more than 150 years old which was used to send post within the canton of Geneva. It derives its name from the fact…

Online grocery shopping set to expand abroad

This content was published on Jun 14, 2000 At a news conference in Zurich, the company said it was foreseeing a capital increase to support its expansion plans. Company representatives said Le-Shop services would be available on the net in Argentina through a co-operation agreement with Alcampo, a Spanish online provider. With its expansion abroad, Le-Shop will have more than 100 employees and…

Archive – Banking & Fintech

Popular Stories

Most Discussed

Archive – Banking & Fintech

More

National Bank hikes rates as inflation fears mount

More

SNB raises interest rates

More

Competition commission closes retail inquiry

More

Moo York, Moo York!

More

Swisscom launches e-commerce market

More

Holderbank cements its strategy in the Balkans

More

Women less keen on founding a company than men?

More

Modex to launch on SWX New Market

More

Rare Swiss stamps go on sale

More

Online grocery shopping set to expand abroad

Popular Stories

Most Discussed