Banking & Fintech

Starbucks signs coffee house deal

This content was published on Sep 18, 2000 Starbucks Coffee International and Passaggio Holding Limited have signed a joint venture agreement to develop retail stores in Switzerland. The joint venture company, Swiss-Star Limited, plans to open Starbucks retail locations in Zurich by early next year. Switzerland represents Starbucks 20th international market. “Switzerland serves as an excellent entry point for Starbucks into continental Europe,”…

Swiss tourism steams ahead despite rainy July

This content was published on Sep 17, 2000 According to press reports, the number of nights spent in hotels was the highest since 1995. Pleasant weather in the months of June and August coupled with a strong dollar, were the likely reasons for the upbeat results. June saw a year-on-year increase of one fifth, and even dismal July, though not ideal for holidaymakers,…

Business Outlook

This content was published on Sep 17, 2000 Only the wholesale and retailing group, Valora, is publishing numbers this week. They come through on Wednesday and analysts will be looking for an improved performance to give a boost to the company’s sluggish stock price. The franc’s rate on the currency markets will again be the subject of strong attention. It briefly reached a…

The business week in review

This content was published on Sep 16, 2000 The week began with Opec’s decision to boost oil production by 800,000 barrels a day but the increase was criticised as insufficient by Western experts. The increase had no noticeable effect on the oil price, prompting road hauliers and farmers to blockade roads and refineries in a bid to force their governments to cut fuel…

Details of Luxor massacre compensation deal announced

This content was published on Sep 15, 2000 Fifty-eight tourists, including 36 Swiss, were shot dead by Islamic extremists outside a temple in the Egyptian town of Luxor on November 17. The Swiss justice ministry said on Friday the Luxor Commission had made a final ruling on eligibility for payouts based on the principles of liability. The money from the fund is supposed…

Gehrig leads race to be Central bank boss

This content was published on Sep 15, 2000 Gehrig leads race for Central bank boss The proposal now goes to the government for approval. A final decision is expected in the next few weeks. The 40-member bank council also nominated the chief executive of the Swiss Bankers’ Association, Niklaus Blatter, to join the SNB’s three-member directorate. Gehrig is one of two vice-presidents at…

700 Swiss jobs rescued at Adtranz

This content was published on Sep 15, 2000 Adtranz announced on Friday that it had signed an accord with Dutch investment and redevelopment group, Business Creation, to keep the plants open and to try and save all jobs at the sites. It said the actual number of jobs would depend on the size of contracts obtained from the Swiss Federal Railways. Under the…

Ascom shareholders support single share structure

This content was published on Sep 15, 2000 Only four months after decisively rejecting the change, shareholders on Friday voted by a 90 per cent majority for the proposal. The idea had been put forward by the financier, Ernst Müller-Möhl, who died in a plane crash in May, and the issue was pursued by his heirs. Müller-Möhl controlled almost 20 per cent of…

Heineken sets sights on Swiss brewer

This content was published on Sep 15, 2000 At a news conference in Amsterdam, Heineken’s chief executive, Karel Vuursteen, declined to elaborate on the status of the talks. However, he did say that Heineken wasn’t the only contender. Hurlimann-Feldschlösschen says there is great interest both at home and abroad and expects a sale by the end of the year. Analysts say Swiss Eichhof…

Production and import prices remain stable

This content was published on Sep 15, 2000 The latest figures from the federal statistics office show that the producer price index increased by 0.1 per cent while that for imported goods fell by 0.1 per cent. The short-term decline in oil prices steadied prices in August but recent rises will feed into September’s figures. Year on year, the index is up 2.4…

Banking & Fintech

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Banking & Fintech

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Starbucks signs coffee house deal

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Swiss tourism steams ahead despite rainy July

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Business Outlook

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The business week in review

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Details of Luxor massacre compensation deal announced

More

Gehrig leads race to be Central bank boss

More

700 Swiss jobs rescued at Adtranz

More

Ascom shareholders support single share structure

More

Heineken sets sights on Swiss brewer

More

Production and import prices remain stable

Popular Stories

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