Archive – Banking & Fintech

WTO farm talks fail to make progress

This content was published on Jul 29, 2005 The negotiations, which took place in Geneva, are seen as crucial if member countries of the World Trade Organisation are to agree wide-ranging trade liberalisation by the end of the year. G10 ministers said they remained firmly opposed to “the capping of agricultural tariffs at a specific level”, in response to a proposal earlier this…

Saia-Burgess goes on the offensive

This content was published on Jul 29, 2005 On Friday a full-page advert appeared in the French-language business daily, l’Agefi, denouncing the attacks by the Japanese Sumida Corporation. The move comes two days after Sumida’s chairman, Shigeyuki Yawata, went on a public relations offensive over the affair, saying while the offer still stood, he did not intend to split up the company. The…

Swiss National Bank back in the black

This content was published on Jul 29, 2005 This year’s “extremely positive results” compare with last year’s loss for the same period of SFr0.9 billion. The distributable profit is the amount of the annual profit shared out to the federal authorities and the country’s 26 cantons. It is worked out taking into account provisions allowing the bank to maintain the currency reserves at…

Profit at ABB forges ahead

This content was published on Jul 28, 2005 The engineering concern, which has its headquarters in Zurich, said on Thursday that sales for the first six months had risen by 11 per cent to $10.81 billion, with orders up by eight per cent to $12.4 billion. In a statement, the power and automation technology firm said net income for the second quarter had…

Sumida’s sights still set on Saia

This content was published on Jul 27, 2005 Sumida’s chairman Shigeyuki Yawata made fresh overtures on Wednesday, saying he did not intend to split up the company. The Japanese manufacturer of coils and electronic components formally announced a SFr950 ($731) per share bid for the company on Friday. Sumida, which already holds a 24.5 per cent stake in Saia, is aiming for a…

Entrepreneur sends smoke signal to railways

This content was published on Jul 27, 2005 Airline entrepreneur Moritz Suter says he is willing to finance privately operated smokers’ carriages on intercity lines – an idea which has left many smokers and non-smokers in a haze. The man who launched Crossair in the 1970s, which became Europe’s leading regional airline, has asked the railways to allow him to operate two completely…

Focus switches to other drought-hit countries

This content was published on Jul 27, 2005 The Swiss Agency for Development and Cooperation (SDC) said on Wednesday that it had already taken steps to help fight the devastating effects of drought and locusts in West Africa. The UN warned earlier this week that food shortages in the West African country of Niger were also having an impact on three other countries…

Swiss expert welcomes shuttle blast-off

This content was published on Jul 26, 2005 But Rudolf von Steiger, a director at the Bern-based organisation, warned that the shuttle fleet was now showing its age. Discovery was launched from the Kennedy Space Center in Florida shortly before 11am local time. The United States space agency, Nasa, said it was happy with the launch, but engineers are reviewing video images which…

Farmers demand protective tariffs

This content was published on Jul 26, 2005 They handed in a petition at the World Trade Organization (WTO) in Geneva in protest at global trade-liberalisation talks. The group of 500 farmers’ representatives included a delegation from Norway which had marched more than 2,000km from Scandinavia. The protesters called on the WTO on Tuesday to recognise the right of every country to shield…

Agency warns of high-dosage online vitamins

This content was published on Jul 25, 2005 Officials said some of these imported products could lead to serious health problems for consumers. Last year the Swiss Agency for Therapeutic Products, Swissmedic, checked about 1,600 imports of medication, mainly ordered online by private individuals. Swissmedic said many of these imports were vitamins and mineral salts with an exceedingly high dosage. The packages of…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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WTO farm talks fail to make progress

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Saia-Burgess goes on the offensive

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Swiss National Bank back in the black

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Profit at ABB forges ahead

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Sumida’s sights still set on Saia

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Entrepreneur sends smoke signal to railways

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Focus switches to other drought-hit countries

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Swiss expert welcomes shuttle blast-off

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Farmers demand protective tariffs

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Agency warns of high-dosage online vitamins

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