Archive – Banking & Fintech

Novartis to set up joint company with Quaker Oats

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…

Consumer confidence hits 11-year high

This content was published on Feb 10, 2000 Consumers in Switzerland are in a confident mood about spending and the general state of the Swiss economy, according to the economics ministry. Figures just released show that the index of Swiss consumer confidence reached 18 points in January, its highest level since 1989, which was a good year for the Swiss economy. The quarterly…

Swatch wins prize for design protection

This content was published on Feb 10, 2000 The Swiss watch-making group, Swatch, has been recognised for its extensive use of an international system to protect designs. The chairman of the Biel-based company, Nicolas Hayek (pictured), was awarded a medal by the World Intellectual Property Organisation in Geneva. The medal was handed to Hayek at a ceremony marking the registration by Swatch of…

Upbeat forecast for most sectors of the Swiss economy

This content was published on Feb 9, 2000 The upswing in the Swiss economy is continuing, according to experts in Zürich. Industrial companies, the service sector and the construction industry registered growth, but there are signs in some sectors the labour market is drying up. Businesses believe the economic recovery continued and spread during the fourth quarter of 1999, reported KOF, the economic…

Young internet trouble-shooter gunning for the big time

This content was published on Feb 9, 2000 A young Swiss entrepreneur, who specialises in technical maintenance and communication for the Internet, says his company is to create 140 jobs by opening a help centre in the town of Biel. BNS Holding, which was founded only three years ago by 24-year-old Stefan Buess with a starting capital of just SFr2,000, will move its…

Adtranz workers lobby authorities in bid to save jobs

This content was published on Feb 9, 2000 Workers at the Swiss Adtranz rail technology concern, threatened with redundancy, have handed in a petition urging the authorities to help them in the campaign to save their jobs. A petition with just under 27,000 signatures was handed in to the cantonal governments of Zürich and Basel-country, as well as to the federal authorities and…

Credit Suisse buys Schroders equity operation in Tokyo

This content was published on Feb 8, 2000 Switzerland’s Credit Suisse group has confirmed press reports that it is buying the Tokyo equity team of the British financial group, Schroders, for an undisclosed amount. The transaction is expected to be completed in March with the key employees of Schroders agreeing to join Credit Suisse First Boston. Schroders employs over 100 people, mainly in…

Internet Expo opens in Zurich

This content was published on Feb 7, 2000 A major Internet fair is underway in the city of Zurich. The show, now in its fourth year, is bigger than ever, with 400 exhibitors covering more than 9,000 square metres of floor-space. The three-day fair is Switzerland’s second largest information technology (IT) exhibition after the Orbit in Basel, and the biggest players in the…

WTO members ready to discuss farming barriers

This content was published on Feb 7, 2000 The World Trade Organisation has decided on a loose timetable for its planned debate on global trade in the farming and service industries. The agreement to discuss the issue was reached during a meeting at the WTO’s headquarters in Geneva. Envoys from 135 countries attended the meeting, which came less than two months after the…

Compromise proposed for nuclear waste storage

This content was published on Feb 7, 2000 Experts seeking ways of storing Switzerland’s nuclear waste have proposed a compromise between the demands of the nuclear industry and those of environmentalists. A government-appointed committee has baulked at the idea of permanent underground storage, opting instead for controlled storage with regular inspections. The compromise would involve building a geologically-permanent underground site where waste could…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Novartis to set up joint company with Quaker Oats

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Consumer confidence hits 11-year high

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Swatch wins prize for design protection

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Upbeat forecast for most sectors of the Swiss economy

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Young internet trouble-shooter gunning for the big time

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Adtranz workers lobby authorities in bid to save jobs

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Credit Suisse buys Schroders equity operation in Tokyo

More

Internet Expo opens in Zurich

More

WTO members ready to discuss farming barriers

More

Compromise proposed for nuclear waste storage

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