Archive – Banking & Fintech

ABB, Investor and partners launch new venture group

This content was published on Mar 27, 2000 The Zurich-based international technology group Asea Brown Boveri (ABB) and Sweden’s largest holding company, Investor, have announced a major effort to promote business over the Internet. They have launched “b-business partners”, a new company with a capital base of more than €1 billion focused on business-to-business (B2B) e-commerce. A statement said that “b-business partners” would…

Swiss brewers turn their talents to whisky

This content was published on Mar 27, 2000 Swiss brewers have responded enthusiastically to the relaxation of laws banning the production of certain types of alcohol. Last year, the government lifted all restrictions, encouraging numerous producers to start brewing their own whisky. The laws prohibiting Swiss brewers from making whisky were lifted on July 1, 1999. That same day, Ernst Bader became the…

SGS returns to profit

This content was published on Mar 27, 2000 The world’s largest inspection and testing group, Société Générale de Surveillance (SGS) in Geneva, says it is back in the black after a disappointing 1998 result. Net profit increased from a loss of SFr289.7 million in 1998 to a profit of SFr316.5 million for 1999, including gains on business disposals of SFr202.9 million. “With a…

Adtranz workers shelve strike plans to pursue deal with management

This content was published on Mar 25, 2000 Threatened workers at the Swiss plants of the German rail-technology group, Adtranz, have voted not to stage a warning strike in favour of getting around the negotiating table with management. Union officials say seven out of ten workers who took part in a consultation would like to see a “constructive collaboration” between their representatives and…

THE WEEK IN REVIEW

This content was published on Mar 24, 2000 It was a week of shocks and surprises on the financial front and the country’s biggest telecommunications company celebrated some impressive figures. Some of the main stories of the week were: * Paris, Amsterdam and Brussels announced the merger of their Bourses creating Euroland’s biggest financial trading centre. London remains Europe’s largest stock exchange overall.…

Modern telecommunications won’t stop people from travelling to have a chat

This content was published on Mar 24, 2000 High-speed telecommunication services like e-mail, Internet, telephone, as well as video conferences apparently do not stop people from travelling distances, great and small, to have a one to one. According to a survey conducted by the National Research Foundation, business people are travelling and will travel just as much despite the new technologies. The study…

Credit Suisse First Boston denies wrongdoing in Ukraine loan probe

This content was published on Mar 24, 2000 Representatives of Credit Suisse First Boston (CSFB) have told a United States Congressional Banking Committee that the Swiss group was not involved in any illegal transactions in a loan scandal involving Ukraine and the International Monetary Fund. James Healy, head of CSFB’s emerging markets division, told the Banking Committee in Washington that an internal investigation…

Kuoni now biggest travel operator in India

This content was published on Mar 24, 2000 Switzerland’s biggest travel company, Kuoni, is to become the largest tour operator in India with its acquisition of Sita World Travel. The deal will go through on April 1 and the firm will be merged with Kuoni’s subsidiary already active in India. The takeover should be completed by the end of September and the new…

Switzerland suspends nuclear shipments to Britain

This content was published on Mar 24, 2000 Switzerland’s Federal Nuclear Energy Inspectorate has suspended all shipments of nuclear fuel rods to Britain’s Sellafield reprocessing plant, following growing concerns over security lapses. The institute says it will only allow shipments to resume once the British have shown significant improvements to Sellafield’s safety record. Similar bans have been imposed by Germany and Sweden. Sellafield…

Low voltage plan to bring the Internet into every home

This content was published on Mar 23, 2000 The Ascom telecommunications group reports that it is extending its field trials in one of the most future-oriented technologies – telecommunications over low-voltage power supply cables. The new technology, known as Powerline Communications (PLC) is considered promising for connecting households, and small and medium-sized enterprises. PLC offers fast access to telecommunications networks, with its speed…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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ABB, Investor and partners launch new venture group

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Swiss brewers turn their talents to whisky

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SGS returns to profit

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Adtranz workers shelve strike plans to pursue deal with management

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THE WEEK IN REVIEW

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Modern telecommunications won’t stop people from travelling to have a chat

More

Credit Suisse First Boston denies wrongdoing in Ukraine loan probe

More

Kuoni now biggest travel operator in India

More

Switzerland suspends nuclear shipments to Britain

More

Low voltage plan to bring the Internet into every home

Popular Stories

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