Archive – Banking & Fintech

AC Immune raises SFr21 million to combat Alzheimer’s

This content was published on May 12, 2005 It announced this week a SFr21 million ($17 million) Series B financing round from unnamed private and strategic investors. A strong management team and a significantly sized “market opportunity” gave investors confidence to sign up for the financing round. In the past, biotechnology companies in Europe tended to be formed researchers and scientists, but in…

Swiss climb back up ladder of competitiveness

This content was published on May 11, 2005 The IMD’s World Competitiveness Yearbook 2005 says the “remarkable performance” is due to the increasing dynamism of the international sector of the economy, adding that the domestic sector remains “disappointing”. Topping the annual survey from the Lausanne school is once again the United States, followed by Hong Kong, Singapore, Iceland and Canada. “When we look…

Corporate profits – what are they really worth?

This content was published on May 11, 2005 The figures are enormous, but so are the incentives for managers to make them look good. So how can an investor, or an interested bystander, know whether they correspond to reality? The question has been highlighted by the shift from Swiss accounting standards to two internationally recognised systems – IFRS and US GAAP – which…

Competition for mobile-phone users heats up

This content was published on May 10, 2005 The move comes after its main competitors announced price reductions in a bid to attract new customers. Sunrise said it was introducing a flat rate for mobile-phone customers who use so–called prepaid cards. The company will charge 49 centimes for a call and 20 centimes for a text message. Until now the company has offered…

Nestlé veteran Garrett bows out from Vevey

This content was published on May 10, 2005 Garrett, aged 62, has retired as the Vevey-based company’s executive vice president responsible for Asia, Oceania, Africa and the Middle East. In an interview with swissinfo, Garrett says that China will eventually be Nestlé’s number one market, while his beat as a whole offers enormous potential for the future. Starting his Nestlé career in 1961…

Crash victims arrive home in Switzerland

This content was published on May 9, 2005 Three people were killed and 47 injured after the coach crashed en route to Antalya on Sunday evening. A further 35 tourists, including 31 with light injuries, arrived in Zurich on a Belair chartered aircraft later on Tuesday. The injured were taken by ambulance to hospitals in German-speaking Switzerland for treatment. The cause of the…

Unemployment rate drops in April

This content was published on May 9, 2005 Seasonal fluctuations were behind the slight decrease in the national rate, which currently stands at 3.8 per cent. The latest figures from the State Secretariat for Economic Affairs (Seco) reveal that 150,671 are unemployed across the country. Graubünden, whose economy is driven by tourism, was the only canton to register a slight increase (0.5 per…

Stockholm Convention to be based in Geneva

This content was published on May 6, 2005 Switzerland’s candidature was approved by the participating countries at the close of their conference in Uruguay on Friday. It comes after Rome withdrew from the running. Delegates from 130 countries had convened in Punta del Este to discuss implementation of the convention covering 12 persistent organic pollutants (POPs) and to decide on a permanent headquarters.…

Wankdorf gets energy boost from the Sun

This content was published on May 6, 2005 The stadium itself will use the lion’s share of the power generated, but the installation’s panels should also be able to supply electricity to 200 households, albeit at a much higher price than they normally pay. Swiss president Samuel Schmid described the panels as a symbol of “technological innovation”, adding that he hoped the rest…

Government acts against high prices

This content was published on May 4, 2005 It wants to adopt the Cassis-de-Dijon principle, which states that a product legally manufactured in one EU state may circulate freely in another. Switzerland is not a member of the EU and comparisons with its neighbours which are members have shown that Swiss prices are generally much higher. A recent survey put the price differences…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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AC Immune raises SFr21 million to combat Alzheimer’s

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Swiss climb back up ladder of competitiveness

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Corporate profits – what are they really worth?

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Competition for mobile-phone users heats up

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Nestlé veteran Garrett bows out from Vevey

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Crash victims arrive home in Switzerland

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Unemployment rate drops in April

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Stockholm Convention to be based in Geneva

More

Wankdorf gets energy boost from the Sun

More

Government acts against high prices

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