Banking & Fintech

Australian firm buys Swiss plasma laboratory

This content was published on Jun 7, 2000 CSL, based in Melbourne, has said that all 560 jobs will be maintained. “If up to 2005 the results of the Central Laboratory develop according to the forecasts, the buying price will increase to SFr973 million,” a statement from both parties said. Founded in 1949 by the Swiss Red Cross, the central laboratory last year…

Swiss, Germans and Austrians sign rail alliance

This content was published on Jun 7, 2000 The deal, signed in the German city of Munich, foresees a unified system for passengers and involves investment of SFr2.5 billion for about 130 new tilting trains. “We want to create the best price/quality ratio on the European transport market,” said Benedikt Weibel, chief executive of the Swiss Federal Railways. “The offer will include attractive…

Swiss economic growth slows down

This content was published on Jun 7, 2000 The Institute said its index fell slightly to 1.44 compared to 1.46 in March and 1.46 in February. The barometer, which gives an indication of Swiss economic growth over a period of six to nine months, is at the same level it achieved during the last phase of strong growth in 1998/99. The Institute is…

Bank profits soar in 1999

This content was published on Jun 7, 2000 In a preprint of the Swiss National Bank’s statistical yearbook, the balance sheet total amounted to SFr2,243.8 billion, surpassing the previous year’s figure by nine per cent. The report says that “brilliant results” were achieved in commission business and services but interest income – not least due to fiercer competition among the banks and a…

Exporters to receive helping hand

This content was published on Jun 6, 2000 Under the law, a new organisation would be set up to promote exports. It would focus on helping small and medium-sized businesses, which make up 90 per cent of Swiss industry but are often inexperienced in export marketing. For the past 70 years, the Swiss Office for Trade Promotion (OSEC) has been responsible for helping…

Swiss bankers reject offshore haven status

This content was published on Jun 6, 2000 However, at a press briefing in London, Niklaus Blattner said that Switzerland was an offshore centre in the sense that it was a major sophisticated financial centre. “We are not so naive to ignore the fact that the term offshore centre also has negative connotations – a place where free-riding, sun-tanned characters spend the day…

Global economy on the brink – but of what?

This content was published on Jun 5, 2000 In its annual report, the Bank – commonly referred to as the central bank of the central banks – says there is also an unusual degree of uncertainty about how financial markets, which have been evolving rapidly, might react to possibly adverse macroeconomic shocks. “There seems to be a widespread perception that the global economy…

New actor in Swiss chemical industry

This content was published on Jun 5, 2000 Vantico said it would keep its headquarters in Basel, where about 10 per cent of its 3,000-strong workforce is based. It said it had had turnover of SFr1.7 billion last year, and SFr469 million in the first quarter of 2000. Most of its sales last year were in Europe (29 per cent), the United States…

Limit set for GMO contamination

This content was published on Jun 5, 2000 Under the new rule, which will come into force on July 1, importers must take all the measures necessary to avoid the presence of GMOs in seed. Switzerland imports between 75 and 100 per cent of seed for maize, soya, rape and sugar beet crops. In a statement, the government said there was no danger…

Post office puts together new price package

This content was published on Jun 4, 2000 The post office wants to put up the price of a first class letter by 80 centimes to one SFr1. Second class letters would increase by the same amount to 80 centimes, and the cost of sending a parcel would go up by 20 per cent from 2001. The price rises are part of proposals…

Banking & Fintech

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Banking & Fintech

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Australian firm buys Swiss plasma laboratory

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Swiss, Germans and Austrians sign rail alliance

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Swiss economic growth slows down

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Bank profits soar in 1999

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Exporters to receive helping hand

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Swiss bankers reject offshore haven status

More

Global economy on the brink – but of what?

More

New actor in Swiss chemical industry

More

Limit set for GMO contamination

More

Post office puts together new price package

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