Banking & Fintech

Swiss to head new merged stock exchange

This content was published on May 3, 2000 The 51 year-old has been chief executive of the German stock exchange since August 1993, when he was appointed by Rolf Breuer, who’s now head of Deutsche Bank. Seifert is credited with overhauling the Frankfurt bourse and successfully managing the installation of the electronic transaction system which marked its recovery. Born in Winterthur in 1949,…

Underwear maker slips into red for first time ever

This content was published on May 3, 2000 Turnover fell from SFr201 in 1998 to SFr195 last year. Profits fell from a plus of SFr10.2 million in 1998 to a SFr1.3 million loss in 1999. Calida’s chief executive officer, Erich Kellenberger, said the loss was due to problems linked to the introduction of new software and planning errors. Analysts say the losses mark…

Geneva hosts international book fair

This content was published on May 3, 2000 Since it was first held in 1987, the “Salon International du Livre et de la Presse” has become an important showcase for publishers and other sectors of the book world. By inviting Germany as guest of honour, the fair is paying tribute to a country which is second only to China in the number of…

Luxury watches boost Swatch turnover

This content was published on May 3, 2000 The figures come on the back of excellent results for 1999. In March, the group announced it had made net profits last year of SFr441, an increase of 23.5 per cent on 1998. Sales rose 11 per cent to SFr3.6 billion. The head of the Swatch group, Nicolas Hayek, says that 1999 can only be…

Winterthur boosts position in UK

This content was published on May 2, 2000 Winterthur is currently among the world’s ten biggest insurers, and employs 26,000 staff. It made a net profit of just over SFr1 billion in 1999, an increase of 22 per cent on the previous year. Its latest acquisition, Colonial UK, has 400,000 clients in Britain. It collected the equivalent of SFr645 million in insurance premiums…

Swiss foreign minister to raise issue of human rights during Tunisia visit

This content was published on May 2, 2000 Switzerland had wanted the visit to focus on trade and economic questions, as well as the Middle East peace process, but human rights has moved to the forefront as media attention has highlighted the case of Taoufik Ben Brick, a journalist who has been on hunger strike to protest against restrictions on press freedom in…

Switzerland starts sale of gold reserves

This content was published on May 2, 2000 The bank said it had commissioned the Basel-based Bank for International Settlements with the sale of the first tranche. The SNB plans to divest itself of 1,300 tonnes of gold over the next five years. The decision to formally abandon the gold standard means that the SNB will sell off a maximum of 400 tonnes…

Union leader calls for more action

This content was published on May 2, 2000 Writing in the “Bund” newspaper of Berne, Daguet, from the Swiss Metalworkers and Watchmakers Union, says that unions have to be more prepared for conflicts and for closer co-operation. “Switzerland is the richest country in the world if you read the Swiss economic press. But the reality in which we live shows the other side…

Food for thought from Geneva Internet band

This content was published on May 2, 2000 The Bliss comprises Scottish vocalist Angela Higney and Italian keyboard player and computer programmer, Piero Calvi. Angela works for the International Federation of Red Cross and Red Crescent Societies, while Piero’s day job is at the UN Office for the Coordination of Humanitarian Affairs. Over the past couple of years they have enjoyed worldwide success…

The fruits of our ancestors labour

This content was published on May 2, 2000 The unassuming apple-peeler is part of a new concept that Ballenberg, Switzerland’s largest open air museum, has launched this year. Of the many reassembled historic farmhouses, one large building from canton Aargau has become the ‘hands-on’ house. Visitors are not only allowed to see exhibits, but to use them, play or work with them. In…

Banking & Fintech

Popular Stories

Most Discussed

Banking & Fintech

More

Swiss to head new merged stock exchange

More

Underwear maker slips into red for first time ever

More

Geneva hosts international book fair

More

Luxury watches boost Swatch turnover

More

Winterthur boosts position in UK

More

Swiss foreign minister to raise issue of human rights during Tunisia visit

More

Switzerland starts sale of gold reserves

More

Union leader calls for more action

More

Food for thought from Geneva Internet band

More

The fruits of our ancestors labour

Popular Stories

Most Discussed