Banking & Fintech

Syngenta decision divides opinion

This content was published on Apr 5, 2002 The data – mainly in the form of a map of the genome – can now be accessed by academic institutions, non-profit organisations and governments around the world, via the company’s website. However, the research will not be made available to international public databases, such as GenBank. Instead, certain data access fees will apply when…

UBS subsidiary faces lawsuit

This content was published on Apr 5, 2002 UBS spokesman Christoph Meier confirmed a report in the financial weekly newspaper, “Cash”, that a lawsuit had been submitted. He said the bank was confident it would be able to defeat the challenge. But Maier was unable to confirm earlier reports that the claims for damages or compensation ran into several hundred million dollars. “We…

Syngenta to release rice genome data

This content was published on Apr 5, 2002 The company said the data – mainly in the form of a map of the genome – would be accessible to academic institutions, non-profit organisations and governments around the world. The move has provoked criticism in some circles, since the research will not be made available to international public databases, such as GenBank. It will…

PubliGroupe reports huge loss

This content was published on Apr 5, 2002 The Lausanne-based firm blamed the loss on difficult economic conditions, over-rapid and excessive developments in the online sector, and a loss-making investment in a United States advertising agency network. Turnover was down four per cent from SFr2.71 billion in 2000 to SFr2.61 billion last year. However, PubliGroupe, which made a profit of SFr140 million in…

Prestigious watch show brings glamour to Basel

This content was published on Apr 5, 2002 The global market in luxury goods is currently worth an estimated $66 billion, with watches and jewellery sales representing 30 per cent of that (almost $20 billion). Although consumer confidence weakened after the terror attacks in the United States last year, there is a mood of optimism that business in the sector is still very…

Tripet ascends with Aravis

This content was published on Apr 4, 2002 The first investment is in Kalypsys, a San Diego-based biopharmaceutical company that spun out of the Genomics Institute of the Novartis Research Foundation in 2001. Venture Associates is one of a number of investors in Kalypsys, including Sprout Group, Lombard Odier & Cie, Novartis BioVenture Fund, and the Singapore Economic Development Board, who put up…

Madison Private Equity gets new board members

This content was published on Apr 4, 2002 The two newcomers are Peter Everts, a former top manager at Migros, and Swisscom chairman Markus Rauh. The pair will join Dr Ernst Thomke, Hans-Jürg Schär, and chairman Guillaume Pictet on the board of directors. The company was founded last year as an investment vehicle looking to concentrate on acquiring equity of healthy, privately-owned small…

Holcim confident despite fall in profits

This content was published on Apr 4, 2002 Holcim, which is the world’s second largest cement group, reported a net profit fall of 8.4 per cent for the year 2001 to SFr812 million – down from SFr886 million in 2000. But the group also announced better than expected figures for the first quarter of 2002. It said the outlook for the construction industry…

ABB recovers ground

This content was published on Apr 4, 2002 Barclays Bank, Citigroup and Credit Suisse First Boston all agreed to underwrite the funding for the Swiss-Swedish conglomerate. The agreement averts a financial crisis for the ABB group, as the loan is considered by some analysts to be crucial for its immediate financing needs. The news sent shares in ABB surging on Wednesday, up SFr1.50,…

Middle East tension affects markets

This content was published on Apr 3, 2002 At the end of trading on Thursday, the Swiss franc stood at 1.4625 against the euro, still holding above the 1.46 level, which was breached in March just before the Swiss National Bank surprisingly cut its rates for banks. Oil prices have also shown an upward trend, topping $28 per barrel for the first time…

Banking & Fintech

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Banking & Fintech

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Syngenta decision divides opinion

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UBS subsidiary faces lawsuit

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Syngenta to release rice genome data

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PubliGroupe reports huge loss

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Prestigious watch show brings glamour to Basel

More

Tripet ascends with Aravis

More

Madison Private Equity gets new board members

More

Holcim confident despite fall in profits

More

ABB recovers ground

More

Middle East tension affects markets

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