Archive – Banking & Fintech

This week in business

This content was published on Apr 29, 2000 The week will start off quietly as the Swiss bourse stays closed on Monday, along with other major European markets, for the first of May celebrations. Company results and shareholders’ meetings are expected to dominate the rest of the week. On Tuesday, the Swiss construction chemicals group, Sika, is set to reveal its final numbers…

Swiss national milk day

This content was published on Apr 29, 2000 Farmers have been holding celebrations in 34 towns across Switzerland to promote national milk day. The event was organised by the Swiss milk producers’ association to promote their product and provide information on milk production in Switzerland. Passersby were offered glasses of milk and fruity milkshakes. The Swiss milk producers’ association said there were 40,000…

Double demonstration at MUBA consumer fair

This content was published on Apr 29, 2000 At least 70 people have held demonstrations in Basel at the scene of Switzerland’s largest consumer fair, MUBA. Some were protesting against the presence of the Army at the fair, while others were complaining about this year’s advertising campaign which uses a naked, pregnant woman to promote “the mother of all fairs.” Accompanied by military…

Credit Suisse mixes profit boost with board restructuring

This content was published on Apr 28, 2000 The Credit Suisse Group has registered a major profit increase of almost SFr 2 billion in the first three months of this year, a 45 per cent rise on the same period in 1999. The group also plans changes to its board, and will say farewell to president, Rainer Gut (pictured). The group announced on…

Business Spotlight

This content was published on Apr 28, 2000 The week was marked by the increasing strength of the US dollar and SAir’s takeover of Belgium’s national carrier, Sabena. The US dollar traded at ten-year highs against the franc, which reflected the weakness of the euro. The dollar rose above SFr1.72 for the first time since 1989. But the Swiss National Bank left interest…

The Week in Switzerland

This content was published on Apr 28, 2000 Swissair announcing the take-over of the Belgian carrier, Sabena, and the banking regulatory authorities warning of the dangers of special bonanzas paid to bankers and traders marked this week. Swissair’s parent company, the SAir Group, this week spread its wings to Brussels to include Sabena, in its fold. SAir, which has held 49 per cent…

Further evidence of economic recovery

This content was published on Apr 28, 2000 The latest report from the Institute for Business Cycle Research in Zurich, issued Friday, has given a highly positive forecast of Switzerland’s economic prospects. The Institute has revised its economic growth rate up to 2.4 per cent for the current year. In its autumn report, it forecast a 1.7 per cent rise in GDP. But…

Muba fair opens amid controversy

This content was published on Apr 28, 2000 A young, naked pregnant woman and a Swiss Army simulator have given much free publicity to Switzerland’s largest consumer fair, Muba, which has opened its doors in Basel. Both caused controversy and divided opinions before the start on Friday of the ten-day event, which is expected to attract 400,000 visitors. Controversy number one involved the…

Muba fair opens amid controvery

This content was published on Apr 28, 2000 Switzerland’s largest consumer fair, Muba, has opened its doors in Basel against a background of controversy. An explicit poster campaign(pictured) and the presence of the army sparked off protests even before the doors opened. A naked, pregnant woman used in the Muba advertising campaign and a shooting simulator of the Swiss Army both divided opinions…

National Bank upbeat about economy

This content was published on Apr 28, 2000 The president of the National Bank, Hans Meyer (pictured), has given an upbeat assessment of the Swiss economy. However, he also expressed concerns about the integrity of Swiss banks. Meyer told the bank’s annual general meeting on Friday that the economy was stronger, but warned that there were growing risks to economic stability. “We are…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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This week in business

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Swiss national milk day

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Double demonstration at MUBA consumer fair

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Credit Suisse mixes profit boost with board restructuring

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Business Spotlight

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The Week in Switzerland

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Further evidence of economic recovery

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Muba fair opens amid controversy

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Muba fair opens amid controvery

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National Bank upbeat about economy

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