Banking & Fintech

Swiss Re strengthens position in United States

This content was published on Jan 10, 2000 The Swiss reinsurance company, Swiss Re, has announced it has entered an agreement to acquire two US life insurance companies for US$260 million. The deal is for the Southwestern Life Insurance Company and the Security Life and Trust Insurance Company of Dallas, Texas. The Dallas companies are wholly owned subsidiaries of the PennCorp Financial Group.…

Disruption at some border crossings with France

This content was published on Jan 10, 2000 Traffic has been severely disrupted at the border between Switzerland and France, as well as at other French frontiers, as a result of a one-day strike by French truck drivers. The crossing points at Basel and Geneva were seriously affected. Police said a 1.5 kilometre tailback on the French side had effectively blocked all truck…

Last Swissair 747 completes farewell voyage

This content was published on Jan 10, 2000 An era in Swiss aviation history has come to an end as Swissair’s only Boeing 747 Jumbo Jet still in service landed at Zurich’s Kloten airport for the last time. It took off from the American city of Atlanta. A large crowd turned out at Kloten to witness the landing of the last 747 to…

The Solidarity Chain announces record donations

This content was published on Jan 10, 2000 The Swiss Broadcasting Corporation’s Solidarity Chain has announced record donations of SFr130 million over the past 15 months to help survivors of natural disasters such as Hurricane Mitch. The announcement comes as a new team of directors takes over at the helm of the charity. The Solidarity Chain organised five campaigns for victims of natural…

Swiss franc remains near lows against euro

This content was published on Jan 10, 2000 The Swiss franc remained near its recent lows against the euro, which bought 1.6090 francs in trading on Monday. Dealers are expecting continued strength in the European single currency over the next few sessions. However, the euro-franc story since the single currency’s introduction one year ago has been one of stability. It is this stability…

Cause of Crossair crash still unknown

This content was published on Jan 10, 2000 The cause of Monday’s aircrash near Zurich airport remains a mystery. The search for the flight recorders is resuming this morning. Seven passengers and three crew members died in the accident Efforts to find the black boxes of the Crossair plane near the village of Niederhasli were called off as darkness fell on Tuesday evening.…

The business week ahead

This content was published on Jan 9, 2000 Business on the Swiss market is expected to pick up this week, following the Christmas and New Year holidays. Attention will continue to focus on the US dollar, which fell last week on fears that interest rates are set to climb in Europe. On Wednesday, all eyes will be on the Bank of England, which…

Switzerland sounds alarm over Listeria

This content was published on Jan 9, 2000 The Swiss authorities have ordered butchers in two cantons to remove pork imported from the French company, Coudray, from their shelves, over fears they may be contaminated with listeria. The authorities ordered the removal of French pork products from butcher shops in cantons Geneva and Vaud, after an elderly man and an unborn baby died…

Swiss wine industry in need of new image

This content was published on Jan 8, 2000 Swiss wine makers are being urged to overhaul their image, after a new study found that Swiss wine is little known, badly marketed, and rapidly falling from favour among younger drinkers. The results of the survey of 3000 wine drinkers in Switzerland paint a dismal picture of the country’s wine industry. The overiding impression is…

The business week in Switzerland

This content was published on Jan 8, 2000 A volatile week on Zurich’s financial market, further indications of economic recovery and a new offensive for customers in the telecommunications industry marked the last seven days in the business world in Switzerland. – The SMI, the blue chip index on the Swiss stock exchange, lost four per cent of its value when it reopened…

Banking & Fintech

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Banking & Fintech

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Swiss Re strengthens position in United States

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Disruption at some border crossings with France

More

Last Swissair 747 completes farewell voyage

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The Solidarity Chain announces record donations

More

Swiss franc remains near lows against euro

More

Cause of Crossair crash still unknown

More

The business week ahead

More

Switzerland sounds alarm over Listeria

More

Swiss wine industry in need of new image

More

The business week in Switzerland

Popular Stories

Most Discussed