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Business booms at Baloise of Basel

This content was published on Sep 7, 2005 But the group also said on Wednesday that it expected net losses of about SFr100 million from severe floods in Switzerland and its neighbours at the end of August. “We are very satisfied with this result. And we are convinced that there will be a marked increase in the full-year profit, too, despite the natural…

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Swiss aid ready to be sent to Katrina victims

This content was published on Sep 6, 2005 Eight days after the storm devastated US Gulf Coast states, an emergency shipment and specialised personnel have been organised by the Swiss Agency for Development and Cooperation (SDC). SDC spokesman Andreas Stauffer told swissinfo that the aid includes bedding, hygiene sets and tarpaulin and plastic sheeting. Two logisticians will accompany the goods to the US…

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No frills and little sleep in Basel’s easyHotel

This content was published on Sep 6, 2005 Just like easyJet, the hotel offers travellers the bare necessities, even if the new hotel chain may be taking the no-frills approach a little too far. Known for his media savvy, the founder of the easyGroup, Stelios Haji-Ioannou, was on hand for the launch of the Basel hotel. He told a dozen mostly Swiss journalists…

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ABB is “out of the woods”

This content was published on Sep 6, 2005 The company announced it will remove a layer of management, restructure core businesses, focus on profit rather than growth and boost its activities in China as part of its five-year strategy. ABB will relocate its robotic division from the United States to China and warned of potential job losses in Europe as it concentrates its…

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Ascom profits rise as company shrinks

This content was published on Sep 6, 2005 The improved result comes after the company’s decision to narrow its focus and sell off some business units. Earnings before interest and tax (Ebit) rose to SFr50.3 million from SFr29.8 million during the same period a year ago. Sales fell to SFr513.6 million from SFr595.7 million in the first six months of 2004. Analysts at…

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Airline entrepreneur beds down in Basel

This content was published on Sep 5, 2005 British-Greek entrepreneur Stelios Haji-Ioannou also explains why he selected Geneva and Basel as hubs for his low-cost airline. Stelios, as he prefers to be called, founded easyJet in 1995 with two leased aircraft. The airline has since expanded to become one of the largest low-cost operations of its kind in the world. easyJet is the…

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Julius Bär strives for scale

This content was published on Sep 5, 2005 Penman, who is a senior global equity analyst with Barclays Stockbrokers, says the bank’s acquisition of UBS’ wealth unit would help it reach the size it needs in today’s competitive environment. Under the terms of the deal, valued at SFr5.6 billion ($4.6 billion), Julius Bär will give SFr3.8 billion in cash to UBS for the…

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Swiss Life profit jumps by nearly a third

This content was published on Sep 5, 2005 The company said that the result, which beat analysts’ forecasts, confirmed its turnaround over the past three years, following a SFr1.7 billion loss in 2002. A poll of analysts by the Reuters news agency had forecast an average net profit of SFr346 million, just ahead of SFr343 million for the same period last year. Swiss…

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UBS sells wealth unit to rival Julius Bär

This content was published on Sep 5, 2005 With SFr270 billion in assets, the Bär group will become the country’s largest institution concentrating solely on asset management and private banking. Bär, the largest listed mid-sized bank in Switzerland, said it would fund the purchase mostly by a share issue, with UBS taking a 21.5 per-cent stake in the enlarged group. SBC Wealth Management…

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Archive – Banking & Fintech

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Coal: Let’s Build Us A Rocket

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Business booms at Baloise of Basel

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Swiss aid ready to be sent to Katrina victims

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No frills and little sleep in Basel’s easyHotel

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ABB is “out of the woods”

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Ascom profits rise as company shrinks

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Airline entrepreneur beds down in Basel

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Julius Bär strives for scale

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Swiss Life profit jumps by nearly a third

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UBS sells wealth unit to rival Julius Bär

Popular Stories

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