Archive – Banking & Fintech

The business week in Switzerland

This content was published on Jun 9, 2000 Switzerland’s jobless rate fell to just 1.9 per cent in May, the lowest figure in more than eight years. The figure for April was 2.1 per cent. Announcing the news, the economics minister, Pascal Couchepin, said he expected a further decline over the coming months. The Swiss franc traded at near two-month highs against the…

Unemployment dips below 2 per cent

This content was published on Jun 9, 2000 The economics minister, Pascal Couchepin, said the figures represented an important moment for the Swiss economy. He said the exceptional figures were partly due to current economic conditions, but that the flexibility of the labour market, stable labour relations and the quality of training were also responsible. Looking at the regional figures, the ministry said…

European bourses seek ways of reducing wild share price fluctuations

This content was published on Jun 9, 2000 European bourses are to issue new guidelines for regulators and antitrust officials on releasing share-sensitive news to minimise wild price swings. “The euro has created such a merger and acquistions market that the issue of releasing sensitive information is becoming more and more urgent,” said Paul Arlmann, the secretary-general of FESE. News from regulators about…

That will be 150,000 francs for your stay, Madam

This content was published on Jun 9, 2000 But, there are hotels at which the guests see no reason to even wince when the receptionist hands them a bill of SFr150,000. In fact, the hotel staff have been handing out such bills for the past 40 years. Welcome to the five-star Bürgenstock hotel complex overlooking Lake Lucerne. The three hotels, the Park, the…

France to use Swiss method to test for mad cow disease

This content was published on Jun 8, 2000 The French farm ministry said the tests would be performed nationwide, but primarily in Brittany, Normandy and in the Loire valley – the worst-affected regions. France will use a test developed by the Zurich-based firm, Prionics. One of the company’s founders, Markus Moser, expressed surprise that the “Prionics check” was chosen over two others, including…

Swiss economy soars ahead

This content was published on Jun 8, 2000 That follows GDP growth of 4.4 per cent in the last quarter of 1999 over the third quarter. The economics ministry said the rise over the last six months represented the strongest period of growth for more than a decade. The ministry also noted that besides the strong growth, unemployment was down to almost two…

Reorientation in Credit Suisse group

This content was published on Jun 8, 2000 From July 1, Credit Suisse Financial Services will include five business units tailored to the specific needs of its clients and the markets – Winterthur Insurance, Winterthur Life and Pensions, Credit Suisse Banking, Credit Suisse Personal Finance and Credit Suisse e-Business – as well as a joint Technology and Service unit. A statement said that…

Givaudan adds flavour to the stock exchange

This content was published on Jun 8, 2000 Givaudan, based in Geneva, is a leading manufacturer of smells and tastes which go into perfumes, consumer goods, food and drink. “This is a very significant time for our company as we move another step closer towards being the undisputed leader in the flavour and fragrance industry,” chief executive Jürg Witmer told Roche shareholders last…

Australian firm buys Swiss plasma laboratory

This content was published on Jun 7, 2000 CSL, based in Melbourne, has said that all 560 jobs will be maintained. “If up to 2005 the results of the Central Laboratory develop according to the forecasts, the buying price will increase to SFr973 million,” a statement from both parties said. Founded in 1949 by the Swiss Red Cross, the central laboratory last year…

Swiss, Germans and Austrians sign rail alliance

This content was published on Jun 7, 2000 The deal, signed in the German city of Munich, foresees a unified system for passengers and involves investment of SFr2.5 billion for about 130 new tilting trains. “We want to create the best price/quality ratio on the European transport market,” said Benedikt Weibel, chief executive of the Swiss Federal Railways. “The offer will include attractive…

Archive – Banking & Fintech

Popular Stories

Most Discussed

Archive – Banking & Fintech

More

The business week in Switzerland

More

Unemployment dips below 2 per cent

More

European bourses seek ways of reducing wild share price fluctuations

More

That will be 150,000 francs for your stay, Madam

More

France to use Swiss method to test for mad cow disease

More

Swiss economy soars ahead

More

Reorientation in Credit Suisse group

More

Givaudan adds flavour to the stock exchange

More

Australian firm buys Swiss plasma laboratory

More

Swiss, Germans and Austrians sign rail alliance

Popular Stories

Most Discussed