Archive – Banking & Fintech

Economy campaigns for labour accord

This content was published on Jul 6, 2005 Speaking at a joint news conference on Wednesday, they said it was vital people voted yes to opening up Switzerland to eastern European workers in September’s referendum on the issue. The “firms for bilateral accords” committee, which was represented by the heads of five major business associations at the event in Bellach, near Solothurn, said…

Swiss Post accused of flawed accounting

This content was published on Jul 6, 2005 The report, published on Wednesday, found there had been serious breaches of the service’s legal regulations. Swiss Post has denied the accusations. In 2004 Swiss Post recorded a profit for its basic or universal service of SFr522 million ($400 million), but PostReg said the figure should have been at least SFr776 million. It accused Swiss…

Swiss machine industry remains fighting fit

This content was published on Jul 5, 2005 But the report from the BAK Basel Economics research group says that Switzerland’s largest export sector must invest more in research and training. The competitiveness of the machine industry has over the past eight to ten years even improved over the new EU members in eastern Europe, commented BAK’s deputy director, Hansjörg Blöchliger. He told…

Leica Geosystems expands in North America

This content was published on Jul 5, 2005 It has bought the Canadian company Terramatics for an undisclosed sum and is expanding its United States headquarters in Atlanta, Georgia. Leica Geosystems said in a statement on Monday that the acquisition of Terramatics, based in Calgary, Alberta, would strengthen the expertise in its geospatial imaging division. The company is also to occupy a 100,000…

Leica welcomes US counter-offer

This content was published on Jul 5, 2005 The Leica board of directors has welcomed the new offer, which is higher than the hostile takeover bid made by the Swedish engineering concern, Hexagon, last month. Leica advised its shareholders on Tuesday to accept Danaher’s offer of SFr500 ($385) per share, which values the firm at around SFr1.17 billion. The offer, made through Danish…

Think tank calls for more day schools

This content was published on Jul 5, 2005 Avenir Suisse said the lack of all-day schools was hampering parents’ ability to mix family life with professional responsibilities. The think tank’s recommendations come less than a month after the Swiss Teachers’ Association appealed to education bosses to consider opening more day schools. Currently many educational establishments close for lunch and the association would like…

Lufthansa purchase of Swiss gets EU approval

This content was published on Jul 5, 2005 The companies welcomed the decision, saying the approval would consolidate Lufthansa’s position as a major global airline. EU regulators said on Tuesday that the go-ahead was conditional on the two companies giving up slots at several airports including their hubs in Zurich and Frankfurt. The European Commission set similar conditions last year for Air France’s…

Registered E-post will soon be reality

This content was published on Jul 4, 2005 To ease the introduction of a digital postmark, Swiss Post has bought the firm SwissSign, which specialises in digital encryption. The technologically advanced postmark will act as a guarantee of delivery, Swiss Post said in a statement. Its incaMail communication platform will allow letters to be displayed electronically in a legally binding form. It added…

Paradise is worth the price

This content was published on Jul 4, 2005 That’s the opinion of the growing number of Indian tourists not turned off by Swiss prices. If the tourist board could only convince the dwindling Germans, Americans and Japanese… “It’s the kind of place I see in my dreams,” says Sangeeta Chopra. Despite a seductive smile, Chopra is not a film star playing hard-to-get in…

Saia prepares to do battle with Sumida

This content was published on Jul 4, 2005 The company’s CEO, Daniel Hirschi, told a telephone conference on Monday that standing alone was the better alternative to being bought by the Sumida Corporation of Tokyo. “We are talking with potential partners about playing a white knight role,” Hirschi said and repeated the possibility of buying back shares. A white knight is a person…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Economy campaigns for labour accord

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Swiss Post accused of flawed accounting

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Swiss machine industry remains fighting fit

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Leica Geosystems expands in North America

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Leica welcomes US counter-offer

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Think tank calls for more day schools

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Lufthansa purchase of Swiss gets EU approval

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Registered E-post will soon be reality

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Paradise is worth the price

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Saia prepares to do battle with Sumida

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