Archive – Banking & Fintech

Swiss Federal Railways receives heritage prize

This content was published on Aug 20, 2005 It is the first time that Switzerland’s National Heritage Society has awarded the prize to another public institution instead of a town or village. The Swiss Federal Railways won the award for its careful respect of its old buildings and the use of top architects for its new ones. Interior Minister Pascal Couchepin handed over…

ABB asbestos settlement given go ahead

This content was published on Aug 20, 2005 The engineering concern said that it could now present its proposal to claimants in the case – which it hopes will be resolved by the end of the year. The maker of industrial robots and electric motors said in March that it had clinched a deal to settle all outstanding claims, which stem from the…

Leica Geosystems moves into neutral on offers

This content was published on Aug 19, 2005 It is a move that officially ends Leica’s support for a white knight or friendly bid from Danaher following a hostile offer from Hexagon. In a statement on Friday, Leica Geosystems explained that it was taking a neutral position after Hexagon raised its offer on Monday from SFr440 ($345.7) in cash per share to the…

Music industry counts the cost of piracy

This content was published on Aug 19, 2005 But tracing the perpetrators who – often unwittingly – infringe the copyright laws is no easy matter. It takes just a few mouse clicks upload or download music to and from the internet and there are many websites offering these services. But although the practice is proving popular among music fans, the music industry maintains…

Deiss to talk trade in Tripoli

This content was published on Aug 18, 2005 The economics minister will hold talks with the Libyan government in a bid to boost bilateral relations and promote business ties with Switzerland. Deiss is leading a small Swiss delegation and is due to meet his Libyan counterpart, Abd al-Qadir Bilkhair, as well as several other government ministers. Libya is Switzerland’s second-largest trading partner on…

Competition unlikely to threaten mail service

This content was published on Aug 18, 2005 If the government gives the go-ahead, Swiss Post could see its monopoly on letters limited to those weighing less than 100 grams – a move opposed by unions. The independent study, released on Thursday, comes ahead of a government debate on the issue next month. Swiss Post currently holds a monopoly on all letters delivered…

Unaxis drops deep into the red

This content was published on Aug 18, 2005 The company, owned by Austrian investment company Victory since June, posted a net loss for this period of SFr117 million ($92.78 million). Sales declined by 30 per cent over the comparable period last year to SFr702 million, the company said in a statement on Thursday. During the first half of last year, sales had totalled…

Zurich posts strong first-half performance

This content was published on Aug 18, 2005 This represents an improvement of 21 per cent on the same period in 2004 – beating analysts’ expectations. Analysts had predicted an average of $1.635 billion half-year net profit for the company. “The quality of the results has improved with all core businesses and group investments contributing to the bottom line, ” said Zurich chief…

SR Technics lands $1-billion deal with easyJet

This content was published on Aug 17, 2005 The contract will help the Zurich-based company, which employs 2,800 people in Switzerland, offset its reliance on national carrier Swiss. SR Technics already maintains easyJet’s fleet of Boeing 737 planes, which is set to shrink to 32 from 50 by 2007 as the airline phases out older models. The low-cost carrier said in a statement…

High hotels elevate hiking pleasure

This content was published on Aug 17, 2005 swissinfo checked into the Trift inn high above Zermatt, to find out why it is often harder to find a free bed in a simple mountain hut than in one of the resort’s luxury hotels. Zermatt, it would seem, is divided into two worlds; cable cars and mountain railways enable the masses to scale the…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Swiss Federal Railways receives heritage prize

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ABB asbestos settlement given go ahead

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Leica Geosystems moves into neutral on offers

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Music industry counts the cost of piracy

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Deiss to talk trade in Tripoli

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Competition unlikely to threaten mail service

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Unaxis drops deep into the red

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Zurich posts strong first-half performance

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SR Technics lands $1-billion deal with easyJet

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High hotels elevate hiking pleasure

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