Banking & Fintech

Switzerland welcomes new IMF debt relief plan

This content was published on Sep 27, 1999 Swiss Finance Minister Kaspar Villiger (right) welcomed an International Monetary Fund initiative to provide millions of dollars in debt relief for some of the world’s poorest nations.IMF and World Bank officials — meeting at their annual conference in Washington — pledged to support “deeper, broader and faster debt relief” for some of the world’s most…

Economy set for upswing in 2000

This content was published on Sep 27, 1999 Switzerland’s economy will enjoy an upturn next year buoyed by a recovery in Europe and Asia, according to the latest forecast by Credit Suisse experts. Gross Domestic Product is set to rise to 2 percent next year, say the experts. At a news conference in Zurich Monday, CS experts said GDP would start the new…

Sahel nations want better North-South dialogue

This content was published on Sep 24, 1999 An international conference on development in the Sahel region has wrapped up in Switzerland with a call for better cooperation between industrialised nations in the North and developing nations in the South. About 140 government and aid agency representatives came out in favour of development aid characterised by partnership and empowerment. The calls came at…

Report: Major effort needed to save national exhibition

This content was published on Sep 24, 1999 Switzerland’s national exhibition in 2001 can only be saved if the project’s financial and management problems are overcome soon, says a high-profile Swiss businessman. Nicolas Hayek (above) – the head of the Swatch Group and best known internationally for his Swatch watches – made the statement as he presented the findings of his review of…

The main news stories in Switzerland this week

This content was published on Sep 24, 1999

Nestlé announces 2.5 percent rise in first-half profit

This content was published on Sep 24, 1999 (AP) — Food and drinks giant Nestlé on Friday announced a first-half net profit of SFr2.079 billion ($1.36 billion), up 2.5 percent on the same period last year. In July, the Swiss-based group announced first-half sales of SFr35.3 billion($22 billion), unchanged from the same period last year. Last year’s first-half net profit was SFr2.07 billion…

Artist Leupin dead at age 83

This content was published on Sep 23, 1999 Swiss painter and poster artist Herbert Leupin died at age 83 in his home town of Basel earlier this week, according to Thursday’s death notices in the Swiss press. In Switzerland, Leupin was probably best known for the roughly 500 hundred posters he created over the years. One of the better known posters is that…

Swiss Casinos tries to strike it rich in Las Vegas

This content was published on Sep 23, 1999

Sales of spirits soar after cut in import duty

This content was published on Sep 22, 1999 Consumer purchases of spirits have increased significantly in the past few weeks due to dramatic cuts in import duties for foreign spirits. Major Swiss retailers such as Denner, Coop and Pick Pay said Wednesday they had noted a marked increase in sales and turnover since the July 1st cuts, even though they declined to come…

Swiss cows flown to Kosovo

This content was published on Sep 22, 1999 The first 61 cows were loaded aboard an aircraft at Zurich airport Wednesday and flown to Kosovo as part of a Swiss programme to help rebuild agriculture in the war-ravaged Balkan region. Just under 500 cattle will be flown to Kosovo’s capital Pristina in eight separate flights by mid-October. About 400 cows and calves will…

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Switzerland welcomes new IMF debt relief plan

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Economy set for upswing in 2000

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Sahel nations want better North-South dialogue

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Report: Major effort needed to save national exhibition

More

The main news stories in Switzerland this week

More

Nestlé announces 2.5 percent rise in first-half profit

More

Artist Leupin dead at age 83

More

Swiss Casinos tries to strike it rich in Las Vegas

More

Sales of spirits soar after cut in import duty

More

Swiss cows flown to Kosovo

Popular Stories

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