Archive – Banking & Fintech

Support grows for cyber solidarity

This content was published on Mar 14, 2005 Several heads of state and government minister, including the Swiss foreign minister, Micheline Calmy-Rey, attended the ceremony to launch the Digital Solidarity Fund. Calmy-Rey praised President Abdoulaye Wade of Senegal for launching the proposal at the 2003 World Summit on the Information Society. “The fund will boost projects in local communities rather than just financing…

Swiss runs out of options

This content was published on Mar 14, 2005 In an interview with swissinfo, aviation specialist Sepp Moser says Swiss management is doing the right thing – but only after throwing billions of francs down the drain over the past three years. Moser claims both the government and the big banks made the classic mistake of trying to “fool the market” into believing Swiss…

Day of reckoning for Swiss

This content was published on Mar 14, 2005 Any deal is subject to the approval of these investors, who own 86.1 per cent of the troubled airline. The Swiss government is the biggest shareholder. The government holds a 20.4 per cent stake in Swiss, followed by banking group UBS (10.4 per cent), canton Zurich (10.2 per cent) and the Credit Suisse Group (10…

Swiss-Lufthansa deal leaves questions open

This content was published on Mar 14, 2005 Major shareholders met on Monday evening to discuss the deal, which would give Lufthansa the airline at a knockdown price in exchange for guarantees on the Swiss brand and the Zurich airport hub. However, there has been no public comment on the outcome of the meeting – or on the nature of the Lufthansa offer,…

Lufthansa launches new bid to take over Swiss

This content was published on Mar 13, 2005 The planned deal is subject to approval by the company boards and shareholders of Swiss, which would continue to fly under its own name. A joint statement on Sunday said the aim of the talks was the full integration of Switzerland’s national airline into Lufthansa. The statement added that a business model had been developed…

Army wraps up tsunami mission on Sumatra

This content was published on Mar 12, 2005 Swiss army helicopters transported 368 tons of material and more than 2,200 people during their six-week mission in the region. The last 29 military personnel returned to Switzerland on Saturday after having completed their United Nations-led relief operation in Indonesia. They were welcomed by senior army and air force officials who thanked them for their…

Swiss stays mum on Lufthansa link-up rumours

This content was published on Mar 11, 2005 At the company’s annual results conference on Friday, CEO Christoph Franz said: “I have been asked this question at every press conference I have given [since I took over last year], and my answer is the same as always: no comment.” Franz said the issue of a possible alliance was “bound to come up in…

Federal Railways stays on track to bigger profit

This content was published on Mar 11, 2005 The company said on Friday that 2004 had been a key year, with a major timetable change as well as more passengers and goods being transported. Profit rose more than 70 per cent over 2003, when it reached SFr24.9 million. “This positive result was obtained, despite exceptional expenditures, thanks to increased productivity as well as…

Swiss confirms 2004 loss

This content was published on Mar 11, 2005 The airline reiterated on Friday that it aimed to lower annual costs by about SFr300 million from 2007 and that it would be hard to break even this year. The company had already announced in February that it had narrowed its 2004 net loss to SFr140 million from SFr687 million in 2003, thanks to its…

Swisscom confident on future – whatever it is

This content was published on Mar 11, 2005 In an interview with swissinfo, Jens Alder explains how Swisscom plans to develop the lucrative market for broadband television services and go head to head against its rival Cablecom. The former state monopoly has just launched a “digital hard disc recorder” that relies on Cablecom’s cable TV network. The move comes as Swisscom resists plans…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Support grows for cyber solidarity

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Swiss runs out of options

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Day of reckoning for Swiss

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Swiss-Lufthansa deal leaves questions open

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Lufthansa launches new bid to take over Swiss

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Army wraps up tsunami mission on Sumatra

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Swiss stays mum on Lufthansa link-up rumours

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Federal Railways stays on track to bigger profit

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Swiss confirms 2004 loss

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Swisscom confident on future – whatever it is

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