Banking & Fintech

Schoss voted Business Angel of 2002

This content was published on Feb 28, 2002 The 38-year old German businessman was chosen as Switzerland’s business angel of the year by Bilanz, a Swiss business magazine, and Initiative Startups, a government economic development program. Schoss is the CEO of Beisheim Holding, an online retailing empire. He was selected because of his multiple investments in startup companies and his promotion of business…

Profits fall at Roche and Clariant

This content was published on Feb 27, 2002 However, restructuring costs and damages for involvement in a vitamin cartel dragged the consolidated net profit down by 57 per cent to SFr 3.7 billion. Across town, the specialty chemicals company Clariant announced that its net profit before exceptional charges fell by 72 per cent to SFr140 million. Including one-off charges, mainly tied to a…

UBS quits Turkish dam project

This content was published on Feb 27, 2002 The decision by UBS, which acted as one of the Ilisu project’s financial advisers for five years, follows fierce criticism of the scheme by environmental groups and non-governmental organistaions both in Switzerland and abroad. Last November the dam’s former building contractor, British engineering firm Balfour Beatty, announced it was withdrawing. UBS spokesman, Christoph Meier, told…

Bern Olympic bid looks stateside for lessons

This content was published on Feb 27, 2002 The man leading Bern’s bid, Martin Hodler, told swissinfo that measuring up to Salt Lake City would be a daunting task, but that it was crucial for Switzerland’s image that Bern succeeds in doing so. “It’s a big task to follow this event – but Switzerland needs this challenge. It would be very sad if…

Swiss wanderer ends his travels in Tasmania

This content was published on Feb 27, 2002 A born adventurer, Stucki tired of school at 16 and set off by bicycle from Bern to Paris to join the French Foreign Legion – an ambition that was foiled after a week of hunger and a fruitless search for the Legion’s collection-centre. Defeated, he headed home, but his wanderlust was undiminished. “I’ve always wanted…

Switzerland – a biker’s paradise?

This content was published on Feb 27, 2002 Switzerland’s dense network of bike paths includes nine signposted national tour routes totalling 3,300 kilometres, which link the different regions of Switzerland. The network is completed by another 3,000 kilometres of regional cycle tracks. In the year 2000 alone – more recent figures are not yet available – the network was used 3.4 million times,…

Geneva and Neuchâtel take SAirGroup to court

This content was published on Feb 27, 2002 The two French-speaking cantons registered their case at the Public Prosecutor’s Office in Zurich on February 14. The case alleges, among other things, that SAirGroup board executives misled investors, grossly mismanaged the business and gave preferential treatment to certain creditors. Heavy losses Canton Geneva lost SFr57 million ($33.6 million), when Swissair nose-dived because its 223,865…

Roth defends banking secrecy in London

This content was published on Feb 27, 2002 Speaking to the British-Swiss Chamber of Commerce in London, Roth said that many observers believe the success of Swiss banks can only be explained by the existence of banking secrecy. With its traditions and its experience in asset management, Switzerland attached great value to financial privacy, he said. “It would be short-sighted to believe that…

Zobl to depart troubled Swiss Life

This content was published on Feb 27, 2002 At the same time, Swiss Life announced that profit for 2001 would be about SFr100 million ($58.86 million), a drop of almost 90 per cent over the previous year’s performance. A statement on Wednesday from Swiss Life’s headquarters in Zurich said Zobl, who has been CEO for almost ten years, had decided to resign his…

ETH spinoff speeds discovery of new chemical catalysts

This content was published on Feb 26, 2002 Founded three years ago by Paul Nelson and Prof Peter Chen, Thales Technologies is a spinoff from the Swiss Federal Institute of Technology’s (ETH Zürich) Institute of Organic Chemistry. It has developed a proprietary methodology for screening and analyzing catalysts. Catalysts play a critical role in the food, energy, materials and pharmaceutical industries. The reasons…

Banking & Fintech

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Banking & Fintech

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Schoss voted Business Angel of 2002

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Profits fall at Roche and Clariant

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UBS quits Turkish dam project

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Bern Olympic bid looks stateside for lessons

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Swiss wanderer ends his travels in Tasmania

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Switzerland – a biker’s paradise?

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Geneva and Neuchâtel take SAirGroup to court

More

Roth defends banking secrecy in London

More

Zobl to depart troubled Swiss Life

More

ETH spinoff speeds discovery of new chemical catalysts

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