Archive – Banking & Fintech

Deiss opens Swiss Business Hub in Singapore

This content was published on Apr 7, 2005 The hub is designed to offer assistance to Swiss small- and medium-sized enterprises (SMEs) looking to establish a presence in southeast Asia. Speaking at the end of the first leg of a five-day tour of Singapore and Indonesia on Friday, Deiss said the new hub was the “ideal strategy” for assisting Swiss SMEs looking for…

Swiss favour more social cover

This content was published on Apr 6, 2005 Most of those polled believe the social security system is in bad shape and will be in even worse condition in years to come. The Univox study carried out in September by the GfS polling institute in Zurich shows that nearly a quarter of those questioned want a reinforcement of social security, while a third…

Cesky Telecom slips from Swisscom’s grasp

This content was published on Apr 6, 2005 The Czech cabinet approved the sale on Wednesday to Spain’s Telefonica, the highest bidder, which put €2.7 billion (SFr4.19 billion) on the table. Swisscom spokesman Sepp Huber said the company regretted the Czech government’s decision. Switzerland’s leading telecommunications group submitted its bid last week to the Czech Republic’s National Property Fund. Its offer amounted to…

Lessons from the “mouse that roared”

This content was published on Apr 6, 2005 In an interview with swissinfo, Borel talks about innovation, the strengths and weaknesses of the Swiss – and why people like him should not be allowed to vote. Borel, the keynote speaker at the presentation of this year’s Zurich Cantonal Bank-sponsored Pioneer Prize, served as Logitech CEO until 1998 and is now chairman of the…

Migros boss is ready to repel boarders

This content was published on Apr 6, 2005 In an interview with swissinfo, Anton Scherrer says Migros has no plans to change its strategy, and denies that further cost-cutting would be at the expense of employees. Scherrer, who retires as president of the general management team this year, was speaking after he presented the group’s annual results in Zurich. 2004 was one of…

Corn roots out unwanted pests

This content was published on Apr 6, 2005 Their results could lead to more efficient pest control and solve a billion-dollar problem faced by maize growers around the world. The study focused on how corn plants react to damage inflicted on them by the larvae of a beetle called the Western Corn Rootworm. The female lays eggs beneath the soil near a plant,…

“Orange giant” almost doubles profit

This content was published on Apr 6, 2005 The result confirms Migros as Switzerland’s number one retailer ahead of archrival Coop, which saw its profit last year fall by 6.2 per cent. A national federation of regional cooperatives, Migros said on Wednesday that turnover had increased to more than SFr20 billion. It added that it had increased its market share in Switzerland in…

Baloise announces major boost to profit

This content was published on Apr 6, 2005 The company said that the strong performance was mainly due to the business at its non-life insurance operations. Net profit at the unit almost quadrupled last year to SFr184.1 million, compared with SFr34.1 million in 2003. “We are pleased with the massive progress that has been made… The non-life business achieved an excellent performance,” CEO…

Swiss Life boss sees better times ahead

This content was published on Apr 5, 2005 In an interview with swissinfo, Swiss Life CEO Rolf Dörig said that the restructuring programmes of the past few years had paid off handsomely. He is also convinced that the company is now clearly focused on its profitable core markets. According to Dörig, Swiss Life – which announced a massive increase in 2004 net profit…

Swiss stay at home for Pope’s funeral

This content was published on Apr 5, 2005 Only the Swiss Federal Railways is intending to increase capacity. Travel companies say there is a lack of accommodation in the Italian capital. More than two million people are expected in Rome ahead of the funeral of Pope John Paul II, who died last Saturday at the age of 84. His body is currently lying…

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