Archive – Banking & Fintech

Glittering Basel 2000 jewellery and watch exhibition opens its doors

This content was published on Mar 23, 2000 The world’s leading show for watches, clocks and jewellery has opened its doors in Basel against a background of change and innovation. During the next week, about 2,400 exhibitors from 41 countries are presenting their collections to 80,000 trade visitors. Basel 2000 is taking place at a time of confidence, particularly for the Swiss watch…

The Swiss National Bank surprises financial markets by new rate rise

This content was published on Mar 23, 2000 The SNB increased its target range for its three month London Interbank Offered Rate (LIBOR) by 75 points to 2.5 to 3.5 per cent. It said it wanted to keep market rates in the middle of the new range. Its statement said that economic growth was now forecast to be well above the two per…

Swisscom profits rise despite competition

This content was published on Mar 22, 2000 Despite increased competition in the telecommunication market, Swisscom has recorded a large increase in its net income for 1999, benefiting mainly from acquisitions and sell-offs. Net income rose 54 per cent to SFr2.4 billion. Turnover increased by 6.7 per cent, thanks to the purchase of the German mobile phone operator, Debitel. Operating income before those…

Economy to continue growing

This content was published on Mar 22, 2000 Forecasts for the Swiss economy are looking increasingly optimistic. The first quarterly report published this year by Switzerland’s main employers organisation is predicting growth of up to 2.2 per cent for the economy in 2000. The forecast is much the same as in the last outlook released in December, but the overall tone of the…

Swissair resumes flights to Belgrade

This content was published on Mar 22, 2000 Swissair is resuming its service to Belgrade for the first time since it was suspended a year ago. It is the first western European airline to restart its regular service since the end of the war in Kosovo. Swissair had planned to resume flights to the Yugoslav capital last month but decided on a delay…

Clariant boosts earnings

This content was published on Mar 21, 2000 The Swiss speciality chemicals group, Clariant, has revealed a seven per cent rise in profits in 1999 to SFr553 million. The group said it would increase its dividend from SFr9 to SFr10 per registered share. The increase in profit was achieved despite a modest one per cent increase in turnover last year, to SFr9.1 billion,…

A sea change in Swiss attitudes to motoring

This content was published on Mar 21, 2000 Attitudes to motoring and road construction are undergoing a sea change in Switzerland.For the first time in years, a major expansion of the country’s road network has stood a chance in parliament. The 1980s and 90s were the era of the ecologists. Parliament even called in a special session in the mid-eighties to debate forest…

Swissair resumes flights to Belgrade

This content was published on Mar 21, 2000 Swissair is resuming its service to Belgrade for the first time since it was suspended a year ago. It is the first western European airline to restart its regular service since the end of the war in Kosovo. Swissair had planned to resume flights to the Yugoslav capital last month but decided on a delay…

Nestlé and Danone create joint Internet market

This content was published on Mar 21, 2000 Business-to-business electronic commerce is taking off in Europe. The Swiss-based food giant, Nestlé, and its French competitor, Danone, are joining forces to create the first European electronic market place for procurement in the consumer goods sector. In a joint statement, the two groups said the platform “will enhance the efficiency of logistics while at the…

Zurich bourse shrugs off merger of competitors

This content was published on Mar 20, 2000 The Swiss Stock Exchange (SWX) says that the three-way merger between the Paris, Amsterdam and Brussels stock exchanges announced Monday will not affect its plans to create a pan-European bourse. “The process of consolidation is only in its infancy,” says Ettore Candolfi, SWX spokesman in Zurich. The Swiss exchange has been negotiating for months not…

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Archive – Banking & Fintech

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Glittering Basel 2000 jewellery and watch exhibition opens its doors

More

The Swiss National Bank surprises financial markets by new rate rise

More

Swisscom profits rise despite competition

More

Economy to continue growing

More

Swissair resumes flights to Belgrade

More

Clariant boosts earnings

More

A sea change in Swiss attitudes to motoring

More

Swissair resumes flights to Belgrade

More

Nestlé and Danone create joint Internet market

More

Zurich bourse shrugs off merger of competitors

Popular Stories

Most Discussed