Banking & Fintech

Kudelski puts brave face on disappointing Europe

This content was published on Apr 16, 2002 The figure fell somewhat short of market expectations and was due to a provision for legal costs. Kudelski, which is based near Lausanne, warned that the first half of this year would not be so easy, as a number of European digital broadcasters faced a struggle for survival. Kudelski supplies security installations to broadcasters, and…

Kudelski announces SFr72.1 million profits

This content was published on Apr 16, 2002 While the result falls slightly short of the firm’s own predictions, some analysts expected Kudelski to reach SFr85 million in profits. The company said the increase came despite extraordinary costs, including provision for legal risk of SFr16.3 million. Kudelski expects trading in the first half of this year to remain tough, with a promising second…

Roche first-quarter sales up

This content was published on Apr 16, 2002 The company expects mid to high single digit growth to continue for the remainder of the year. Sales in Roche’s drug division rose five percent, when expressed in Swiss francs, while its diagnostics businesses yielded 9 percent. Franz Humer, Roche’s CEO, rejected speculation that the company was preparing a merger with drug giant Novartis. swissinfo…

Couchepin highlights Switzerland’s “European” role

This content was published on Apr 15, 2002 Speaking at a Swiss reception at the Hanover industrial fair in Germany, Couchepin said that Switzerland maintained strong economic ties with Europe. “Although Switzerland politically has not joined the EU, the country is European from a cultural and in particular economic point of view,” Couchepin said. About 60 per cent of the country’s exports are…

Couchepin to fly Swiss flag in Hanover

This content was published on Apr 15, 2002 The Hanover fair is the international hub of high-tech, cutting-edge industrial technology and is considered a sensitive barometer of underlying business trends. “The fair is of crucial importance for Switzerland’s economy and especially its export sector,” explained Stephan Meier, head of public relations at Osec Business Network Switzerland, the organisation which promotes Swiss foreign trade.…

The best of Switzerland – in one day

This content was published on Apr 15, 2002 The first stop is Zurich railway station. If you have 30 minutes to spare – as well as cash – then step outside the station immediately onto the Bahnhofstrasse, Switzerland’s most exclusive shopping street. It is lined with over 100 trendy boutiques. The Bally shoe and accessory store has a range of handbags to have…

Israelis concerned about Swiss trade relations

This content was published on Apr 15, 2002 “Switzerland is trying to put pressure on Israel through economic means, but this isn’t adequate in view of the close friendship which exists between our two countries,” said Daniel Halevy-Goetschel, spokesman for the Israeli embassy. Israel has not yet assessed the impact of possible Swiss and European Union sanctions, said Yossi Ackerman, economic attaché at…

Prodi criticises Swiss banking secrecy

This content was published on Apr 14, 2002 In an interview with the Sunday newspaper “NZZ am Sonntag”, Prodi said current banking secrecy laws were “outdated” and protected “money stemming from unknown sources, which could include dirty funds”. Prodi added that Switzerland should abstain from joining the European Union (EU) if it considers banking secrecy as essential. “If Switzerland does not want to…

Aviation ministers take steps to improve airline security

This content was published on Apr 13, 2002 At least 150 representatives to the conference, held in Montreal, Canada, agreed to the development of a new approach to aviation safety. The meeting followed a similar conference last February of the International Civil Aviation Organization (ICAO), a United Nations agency. While the group has focused on mandatory audits as one way to upgrade security,…

Conflicting opinions over strong Swiss franc

This content was published on Apr 12, 2002 In Friday’s edition of the “Blick” newspaper, Hayek said he feared that the strong value of the franc would harm the tourism sector and Swiss industry, and could cost hundreds of jobs. He called for a more determined stance to be taken by the Swiss National Bank, which sets Switzerland’s monetary policy. No rift The…

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Banking & Fintech

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Kudelski puts brave face on disappointing Europe

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Kudelski announces SFr72.1 million profits

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Roche first-quarter sales up

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Couchepin highlights Switzerland’s “European” role

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Couchepin to fly Swiss flag in Hanover

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The best of Switzerland – in one day

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Israelis concerned about Swiss trade relations

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Prodi criticises Swiss banking secrecy

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Aviation ministers take steps to improve airline security

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Conflicting opinions over strong Swiss franc

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