Banking & Fintech

Swiss feel pinch at Hanover Expo 2000

This content was published on Jul 25, 2000 Representatives of the official Swiss pavilion, the “Swiss Sound Box”, admit Expo 2000 has so far failed to attract anything like the expected 40 million visitors. But the pavilion’s spokeswoman, Clare Schnyder, said it was still too early to draw conclusions, even though a third of Expo’s time is already up. The German government warned…

Associate of late Nigerian dictator fined for money laundering

This content was published on Jul 25, 2000 The Nigerian entrepreneur admitted aiding the transfer of SFr108 million into the accounts. The money has already been handed back to the Nigerian government. He showed willingness to co-operate with the police and was therefore spared a prison sentence, Swiss authorities said. The federal police also announced late on Monday they had frozen more accounts…

Swiss stocks break through 8,000 level

This content was published on Jul 24, 2000 At the close in Zurich on Monday, the SMI was up more than 100 points to 8009. It is now well above its year-low of 6,739, but remains far short of its all-time high of 8,489 reached in July 1998. The next key level for the market is the 8,050 level, although in the current…

Coop Bank registers good first half profits

This content was published on Jul 24, 2000 The bank’s total business actually slipped back by 2.6 per cent to SFr9.2 billion. But home loans made over the period increased by SFr150.2 million. The bank is forecasting continued gains for the remainder of the year. The Coop Bank was bought in February by the Basle City Cantonal Bank, which now controls 40.7 per…

Some like it hot in Zurich

This content was published on Jul 24, 2000 Tucked away in a quiet residential area in central Zurich, The Big Chili offers not only chili sauces but a whole array of chili products and specialities such as chili chewing gum and chili flavoured biscuits. “Our customers love the hottest possible sauces,” said The Big Chili’s April Jones. “The reason is because of the…

Economy continues to grow

This content was published on Jul 24, 2000 The institute said the economy has been in a more robust phase of growth since the middle of last year, with unemployment falling and productivity rising. In the first quarter of the year, economic growth was expanding at a rate not seen for 10 years. The industrial and construction sectors both did particularly well. Order…

Sales up for Swatch

This content was published on Jul 24, 2000 In an interview with the Swiss business newspaper “Finanz and Wirtschaft”, Hayek said the Swatch group’s cash flow would probably exceed 1999 levels of SFr645 million. But he would not comment on the company’s first half profits. Hayek also said he was disappointed to have lost out after Swiss group Richemont bought three top watch…

Business Week Ahead

This content was published on Jul 23, 2000 The stock market has been trading just below that mark for some time now and traders will be hoping that this week will see a final push to break the ceiling. The focus will be on banking stocks and in particular, Credit Suisse. The bank’s shares reached a two-year high last week amid rumours it…

Emmental cheese: no fakes please!

This content was published on Jul 22, 2000 In a bid to pre-empt any other cheeses from encroaching on its territory, as trade barriers fall, the cheese-makers association, “Emmentaler Switzerland”, has requested that its product be granted a certificate of origin (AOC). The request – which was made in June, but which was only made public on Saturday – comes as Switzerland prepares…

Dale Bechtel finds that slow motion travel is picking up steam

This content was published on Jul 22, 2000 Even though it was a cold, wet day in the alpine village of Gletsch, the rail enthusiasts weren’t going to let the weather dampen their spirits. They had just finished restoring a stretch of track to considerably lengthen the short journey between Gletsch and the town of Realp, 13 kilometres away in the valley below.…

Banking & Fintech

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Banking & Fintech

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Swiss feel pinch at Hanover Expo 2000

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Associate of late Nigerian dictator fined for money laundering

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Swiss stocks break through 8,000 level

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Coop Bank registers good first half profits

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Some like it hot in Zurich

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Economy continues to grow

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Sales up for Swatch

More

Business Week Ahead

More

Emmental cheese: no fakes please!

More

Dale Bechtel finds that slow motion travel is picking up steam

Popular Stories

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