Banking & Fintech

Eichhof postpones market listing of colours unit

This content was published on Aug 9, 2000 The business was due to be listed on the Swiss Stock Exchange (SWX) New Market. Eichhof said the delay was down to “the changed bourse environment for new issues” and that it could generate more value for shareholders by developing further its Datacolor unit. It added that it wanted to concentrate on integrating four recent…

Unemployment continues to drop

This content was published on Aug 8, 2000 The unemployment rate remains unchanged in July at 1.8 per cent, according to figures released on Tuesday by the State Secretariat for Economic Affairs in Berne. The number of job vacancies also dropped by 2,157 to 13,463. In June, the recovery in the employment market was stronger as the amount of people out of work…

Swiss growth may have peaked

This content was published on Aug 8, 2000 Its trend barometer, which forecasts economic growth in six to nine months time, fell to 1.35 in June from 1.38 in May, which was revised sharply lower from the record 1.61 originally reported. “Gross Domestic Product growth remains strong but should have reached its peak,” KOF said in a statement. This latest report from the…

Sales up at Disetronic

This content was published on Aug 8, 2000 The canton Berne-based company, which specialises in infusion and injection systems, said sales rose to SFr69.9 million ($41 million) from SFr58.5 million for the first quarter which ran until June. It said it expected strong growth throughout the business year with a further acceleration in the second half. “The new products already launched or about…

Former slave labourer demands compensation from UBS

This content was published on Aug 8, 2000 The labourer, who has not been identified, claims he was forced to work for a cement concern in Poland owned by the Swiss Bank Corporation, one of two banks that merged in 1998 to create UBS. On Monday, UBS confirmed that the Golleschau cement factory in Poznan had made use of slave labour. Spokesman, Michael…

Mikron slims down to focus on core business

This content was published on Aug 8, 2000 Standard Machines has been performing well this year, with orders up 40 per cent, and deliveries up 25 per cent in the first six months of the year. Annual turnover for 2000 is estimated at SFr180 million. Agie Charmilles is to take over the company in its present structure with no job losses. The Mikron…

Successful first half at Schulthess

This content was published on Aug 8, 2000 Over the same period the group’s profit improved 42.8 per cent to reach SFr6.2 million. The jump in sales was achieved partly through the acquisition of Novelan AG, which Schulthess bought in 1999, and because of stronger demand at home and abroad. The Schulthess Group was founded in 1982 and listed on the Swiss Stock…

UBS predecessor profited from Nazi slave labour

This content was published on Aug 7, 2000 Michael Willi, a spokesman for UBS, confirmed that one of its predecessors held a majority stake in a cement factory in Poland where slave labourers were used during the war. Willi said the Swiss Bank Corporation, one of two banks that merged in 1998 to create UBS, had held a majority stake in a holding…

Prizes awarded for maintaining mountain heritage

This content was published on Aug 7, 2000 The main prize, worth SFr12,000, was shared three ways: by a project in Göschenen, in central Switzerland, a project in the French-speaking part of the country and an inter-regional programme with close links to other countries in Europe. One project, called “Göschenen, a future for man and mountain”, in the Gotthard region aims to promote…

Mudslide tragedy could not have been predicted

This content was published on Aug 7, 2000 The mudslide hit five people as they were crossing a stream in a normally safe area above Grindelwald. Two managed to escape unharmed, but the other three – two Americans and a Swiss guide – were swept downstream. Their bodies were later recovered. The head of the Grindelwald rescue services, Kurt Ammacher, said the slide…

Banking & Fintech

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Banking & Fintech

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Eichhof postpones market listing of colours unit

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Unemployment continues to drop

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Swiss growth may have peaked

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Sales up at Disetronic

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Former slave labourer demands compensation from UBS

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Mikron slims down to focus on core business

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Successful first half at Schulthess

More

UBS predecessor profited from Nazi slave labour

More

Prizes awarded for maintaining mountain heritage

More

Mudslide tragedy could not have been predicted

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