Banking & Fintech

UBS to trade on New York stock exchange

This content was published on May 10, 2000 The bank said on Wednesday that it hoped the move would allow it to expand in the United States. “The listing will give UBS easier access to US investors and provides it with the strategic flexibility to benefit from potential expansion opportunities in the United States,” UBS said in a statement. The shares will start…

The cows come home to Fribourg

This content was published on May 10, 2000 It will be the first POYA festival in more than ten years, and only the sixth ever. The organisers describe it as a gigantic cowfest where not only the cows but also their geographical origins are celebrated. The Swiss breeds include, Simmental and Black Spotted, while Angus, Gasconne and Piedmontese are among some of the…

Geneva learns to cope with relocation fever

This content was published on May 10, 2000 In what is the biggest ever relocation to Geneva, Procter and Gamble is moving over 1,000 staff to its new offices in the city. They will join the more than 300 who are already employed in Geneva. Most are coming from the P&G offices in Brussels, Frankfurt and London, which will now become research centres.…

Football: Xamax Ltd to fight financial woes

This content was published on May 10, 2000 Neuchatel’s financial struggle, despite their place in the country’s top division, has been seen as an indictment of the worrying situation generally in Swiss football. While Neuchatel are yet to secure their licence to play next season, many more clubs were only given permission to continue playing after promising to improve their finances. The National…

Migros reverses decline

This content was published on May 9, 2000 The orange giant is celebrating its 75th anniversary this year and now has a finger in many pies other than the retail business, such as banking and the travel industry. The company is hoping the anniversary year could bring better results. “The beginning of the year has seen an excellent performance,” said the chairman of…

Swiss Life posts boosted profits

This content was published on May 9, 2000 Sales for 1999 rose 6.6 per cent to SFr17.9 billion. The vast majority of the company’s income came from sales of life insurance premiums (87 per cent), while the rest was from the non-life insurance sector. Swiss Life said the share of premium income from abroad had risen from 35 per cent in 1998 to…

Swiss Life reveals surge in profits

This content was published on May 9, 2000 At a news conference in Zurich, the company said on Tuesday it expected “further strong earnings growth” for the financial year 2000. “In 1999, Swiss Life made decisive progress in realising its strategy of broadening services to transform an insurance company into a financial services provider,” said Swiss Life president Manfred Zobl. The company made…

South African archbishop calls for compensation from banks

This content was published on May 9, 2000 Ndungane is on a three-day visit to Switzerland and he is urging debt relief for South Africa and for so-called reparation payments. These payments, according to the campaign, should be compensation for the support Swiss banks gave the South African government during the apartheid era when most other governmetns had introduced economic sanctions against Pretoria.…

Counting the hidden costs of GM food

This content was published on May 9, 2000 At a news conference in the Swiss capital, Berne, the WWF called for a freeze on GM food production. Bernadette Oehen, who is responsible for the WWF’s GM food campaign, said that farmers who use GM should count the extra costs. The organisation commissioned a study from the Institut Ernst Basler in Zurich, which compared…

Full steam ahead for economy

This content was published on May 9, 2000 The Institute for Busincess Cycle Research said on Tuesday that a survey among 500 businesses showed the first quarter to have been successful. Based on the survey, it predicted that the growth would continue to be strong over the next six months, and that no major bottlenecks were expected. The survey also confirmed a revival…

Banking & Fintech

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Banking & Fintech

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UBS to trade on New York stock exchange

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The cows come home to Fribourg

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Geneva learns to cope with relocation fever

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Football: Xamax Ltd to fight financial woes

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Migros reverses decline

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Swiss Life posts boosted profits

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Swiss Life reveals surge in profits

More

South African archbishop calls for compensation from banks

More

Counting the hidden costs of GM food

More

Full steam ahead for economy

Popular Stories

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