Archive – Banking & Fintech

Switzerland calls for global action to fight corruption

This content was published on Feb 13, 2000 Switzerland has told an international trade conference in Bangkok that globalisation can only succeed if greater efforts are made to combat corruption and create more transparency. The statement was made by David Syz, who is heading the Swiss delegation at the United Nations Conference on Trade and Development (UNCTAD) meeting. Syz also expressed hope that…

Business outlook

This content was published on Feb 13, 2000 In corporate news, the week ahead’s most keenly awaited event will be the release on Thursday of Novartis’ results. Novartis was formed four years ago through the merger of Sandos and Ciba but the marriage has been troubled and sales at its flagship drugs division remain sluggish. The stock has also disappointed many investors. Along…

Switzerland hopes UN trade conference will mend fences

This content was published on Feb 12, 2000 Switzerland hopes that a key United Nations trade conference underway in Bangkok, will help defuse the tension between rich and poor countries, that led to the collapse of last November’s World Trade Organisation summit in Seattle. A spokesman for the Swiss delegation said a positive outcome at the UN Conference on Trade and Development (UNCTAD)…

The Business Week in Switzerland

This content was published on Feb 12, 2000 The Basel-based life sciences group, Novartis, says it is setting up a joint venture in North America with US food company, Quaker Oats. The announcement was among the stories that marked the last seven days in the business world in Switzerland. Shares on the Swiss stock exchange lost ground over the course of the week,…

Foreign population rises to 19.2 per cent

This content was published on Feb 11, 2000 The number of foreigners living in Switzerland rose last year to reach 19.2 per cent of the resident population. The authorities said the upturn in the economy had led to an increase in the number of work permits issued to foreigners. The federal office for foreigners said 1,36 million foreigners lived in Switzerland in 1999,…

Taking the plunge into the Russian market

This content was published on Feb 11, 2000 Doing business in Russia at the start of the 21st century is a challenging prospect. Fears of corruption, political instability and unreliable workforces tend to discourage many companies. But, as participants at a conference at the University of St Gallen discovered, if you’re brave enough, and flexible enough to enter the Russian market, there are…

Swiss delegation taking part in key world trade talks

This content was published on Feb 10, 2000 A seven-strong Swiss delegation is calling for greater transparency and stronger support for impoverished countries at a key United Nations trade meeting underway in Bangkok. The eight-day UN Conference on Trade and Development (UNCTAD) brings together thousands of officials from 180 countries and organisations. Traditionally a forum for the needs of developing countries, the meeting…

US Congress told of slowness of Holocaust payments

This content was published on Feb 10, 2000 The process of distributing money to Holocaust victims from the $1.25 billion compensation settlement by Swiss banks is going far too slowly, the United States congress has been told. The head of the World Jewish Congress, Israel Singer (pictured) told the hearing Swiss officials were dragging their feet. Singer, who was a negotiator in the…

Novartis teams up with Quaker Oats to milk functional foods market

This content was published on Feb 10, 2000 The Swiss life sciences group, Novartis, has confirmed reports that it is setting up a functional foods joint venture in North America with US company, Quaker Oats. The Wall Street Journal and Financial Times newspapers reported that the new 50-50 venture would be called Altus Food Co. and be based in Chicago. Novartis is to…

Warburg Dillion Reed to expand in Tokyo

This content was published on Feb 10, 2000 Warburg Dillon Reed, the investment banking arm of Swiss financial services group UBS, is planning to double the size of its corporate finance group in Tokyo. At present it has fewer than 40 staff for corporate finance in Tokyo but the number will be boosted to more than 70 by the end of the year.…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Switzerland calls for global action to fight corruption

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Business outlook

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Switzerland hopes UN trade conference will mend fences

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The Business Week in Switzerland

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Foreign population rises to 19.2 per cent

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Taking the plunge into the Russian market

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Swiss delegation taking part in key world trade talks

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US Congress told of slowness of Holocaust payments

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Novartis teams up with Quaker Oats to milk functional foods market

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Warburg Dillion Reed to expand in Tokyo

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