Banking & Fintech

Couchepin cautions against complacency over economy

This content was published on Jun 22, 2000 Addressing the Federation of the Swiss Watch Industry in Colombier, he said that the country still had to continue making structural changes. “The liberalisation movement, which has started well in the telecommunications sector, is going to intensify and it will begin in the electricity and postal services sectors,” he said. “We should continue agricultural reform,…

Holderbank plans expansion in Indonesia

This content was published on Jun 22, 2000 In a communiqué from its headquarters in Glarus, Holderbank said the agreement was subject to certain conditions, including the restructuring of the SFr2 billion debt owed by the company concerned, Cibinong. It added that negotiations with representatives of Cibinong’s main creditors are scheduled to begin shortly. Holderbank said the deal also depended on receiving government…

Switzerland under EU pressure to abandon banking secrecy

This content was published on Jun 21, 2000 Under the EU deal, clinched at its summit in Portugal, member states agreed to provide information on non-residents’ savings accounts, a measure that would help governments crack down on tax evasion. But pressure from Luxembourg and Austria means the agreement is dependent on persuading third countries, including Switzerland, the United States and other offshore tax…

Swiss Post introduces first embroidered stamp

This content was published on Jun 21, 2000 The unique stamp was designed by Peter Hostettler, who works as a textile designer at the Bischoff Textiles company in St Gallen. The company will be producing the stamp. It was presented to the public on Wednesday at the opening of the national stamp exhibition in the city. “It goes without saying that there will…

Allied Zurich gets unified share structure

This content was published on Jun 21, 2000 “The shareholders of Allied Zurich approved by a large majority the planned unification of the Group structure as approved by the Board,” the company said in a statement on Tuesday. The move came as no surprise following a separate vote in favour by shareholders of the co-holding company Zurich Allied in May. The votes pave…

Safra clan take over Swiss bank

This content was published on Jun 21, 2000 The deal is the work of one of the famous Safra brothers, Joseph. “Switzerland is an important strategic base for international banking business,” he said in a statement, “and the bank can build on 150 years of experience and tradition of the Safra family.” The new institution is to be renamed Bank Jacob Safra after…

Swiss employers warn against raising tax burden

This content was published on Jun 20, 2000 Speaking at the Association’s annual meeting in Berne, Fritz Blaser, said extra revenue should remain inside companies to the benefit of both employers and employees. Blaser said he was pleased that for the first time in ten years, the meeting was taking place in a climate of confidence. “You as entrepreneurs and managers have obviously…

High-speed Internet tests to begin next month

This content was published on Jun 20, 2000 The trial will begin in Geneva and Zurich on July 17, and will be extended to other metropolitan areas if successful. During the two-month experiment, KPNQwest will introduce a technology known as Asymmetric Digital Subscriber Line (ADSL), which brings high bandwidth information to homes and businesses using ordinary copper lines and offers access to the…

Swisscom wields axe in bid to streamline operations

This content was published on Jun 20, 2000 The former state monopoly is to close 17 regional logistics centres across the country with the loss of 165 jobs. The country’s biggest telecommunications company, Swisscom, is shedding more jobs as it continues its policy of slimming down to concentrate on its core businesses. The former state monopoly is to close seventeen regional logistics centres…

EFTA eases trade with eastern European countries

This content was published on Jun 20, 2000 Ministers from the EFTA countries – Norway, Iceland, Liechtenstein and Switzerland – on Monday signed a free trade agreement with Macedonia, and agreed to work more closely with Croatia and Ukraine. The meeting, chaired by Switzerland, focussed on relations with countries outside the European Union. EFTA is currently holding talks with 10 countries on ways…

Banking & Fintech

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Banking & Fintech

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Couchepin cautions against complacency over economy

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Holderbank plans expansion in Indonesia

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Switzerland under EU pressure to abandon banking secrecy

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Swiss Post introduces first embroidered stamp

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Allied Zurich gets unified share structure

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Safra clan take over Swiss bank

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Swiss employers warn against raising tax burden

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High-speed Internet tests to begin next month

More

Swisscom wields axe in bid to streamline operations

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EFTA eases trade with eastern European countries

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