Banking & Fintech

Swiss back global aviation safety plan

This content was published on Feb 21, 2002 At a two-day conference in Montreal, aviation ministers from 187 nations approved a mandatory global audit of airport and aircraft security, to be carried out by the United Nations’s International Civil Aviation Organisation (ICAO). Switzerland and the other member states also endorsed proposals to tighten security, including the strengthening of cockpit doors and the screening…

Swisscom seeks growth abroad, plays safe with cash

This content was published on Feb 20, 2002 After failing to find something worth buying so far, the former state monopoly is using its huge cash surplus to buy back ten per cent of its share capital and return up to SFr 4.3 billion ($2.55 billion) to investors. But chief executive, Jens Alder, says the company is still on the lookout for foreign…

swiss introduces airline to America

This content was published on Feb 20, 2002 During a meeting with American media representatives on Tuesday night “swiss” chief executive, André Dosé, said the new airline was financially secure as it had a backing of SFr2.7 billion ($1.6 billion). In October, last year, both industry and government decided to pump SFr4.24 billion ($2.57 billion) into setting up a new national airline after…

UBS freezes suspicious SFr100 million account

This content was published on Feb 20, 2002 UBS said on Wednesday it reported its suspicion to the Swiss Federal Banking Commission and the Money Laundering Reporting Office. Tanja Kocher, spokeswoman at the Federal Banking Commission, confirmed that the commission had been informed of UBS’ suspicions. “We opened an investigation in order to look into the case and find out why UBS has…

Sunrise makes a million

This content was published on Feb 20, 2002 The company said in a statement that with one million customers this “clearly puts Sunrise at the number two position on the Swiss mobile services market.” The Swiss telecommunication market has been gradually opened to competition over the past few years. This has seen the gradual erosion of the monopoly of the still majority state-owned…

Tecan boosts profit

This content was published on Feb 20, 2002 The canton Zurich-based company also announced on Wednesday that it proposed raising its dividend to SFr0.45 per share from SFr0.35. Sales rose by 32.3 per cent to SFr361.9 million. Shares in the group pushed up 12.6 per cent in early trading on the Swiss Stock Exchange at SFr91 after falling 5 per cent on Tuesday…

Switzerland considers Zimbabwe sanctions

This content was published on Feb 19, 2002 The announcement follows a decision by the European Union to implement sanctions against President Robert Mugabe’s government for not allowing election observers to monitor next month’s presidential elections in Zimbabwe. The EU sanctions, which will affect Mugabe and 19 of his close political associates, include freezing their assets in the EU and an embargo on…

Switzerland looks east

This content was published on Feb 19, 2002 The Swiss economics minister, Pascal Couchepin, went on a two-day visit to Poland and Hungary at the end of last week to look for new investment opportunities for Swiss businesses. Jörg Reding, ambassador for bilateral economic relations at the state secretariat for economic affairs, Seco, believes that with the EU’s eastward expansion, planned for 2004,…

Mühlemann to leave Argentinian board

This content was published on Feb 19, 2002 Credit Suisse Group spokeswoman Claudia Kraaz confirmed to swissinfo that Mühlemann, first tendered his resignation back in January. “I can confirm that Lukas Mühlemann and CSFB’s David Mulford tendered their resignations, along with the representatives of the other two partner banks, back in January,” explained Kraaz. Lukas Mühlemann, chairman of Switzerland’s second biggest financial group,…

Shares dive at Phonak

This content was published on Feb 19, 2002 Phonak said in a statement it was cutting its guidance for the results for 2001/2002 due to market pressures and restructuring costs. Shares in the company, which is based just outside of Zurich, were down 23.4 per cent in early trading on the Swiss Stock Exchange to SFr27. Phonak said it expected net earnings of…

Banking & Fintech

Popular Stories

Most Discussed

Banking & Fintech

More

Swiss back global aviation safety plan

More

Swisscom seeks growth abroad, plays safe with cash

More

swiss introduces airline to America

More

UBS freezes suspicious SFr100 million account

More

Sunrise makes a million

More

Tecan boosts profit

More

Switzerland considers Zimbabwe sanctions

More

Switzerland looks east

More

Mühlemann to leave Argentinian board

More

Shares dive at Phonak

Popular Stories

Most Discussed