Banking & Fintech

Fischer profits fall short

This content was published on Feb 19, 2002 The profit figure, pressured by overcapacity as global economic growth slowed down, fell clearly short of analysts’ forecasts averaging SFr91 million. Fourth-quarter sales fell over 22 per cent amid lower demand although full-year sales were roughly steady at SFr3.85 billion, in line with forecasts. The company itself described 2001 as a year of two halves.…

Small Swiss are heavyweights in global financial league

This content was published on Feb 19, 2002 When measured by size, the Swiss financial sector falls behind financial centres in the United States, Britain, Japan, Germany and France. But the financial sector is disproportionately large for a country the size of Switzerland. That’s the main conclusion of the study released by the Créa Economics Institute at Lausanne University. Switzerland’s stock market capitalisation…

Swiss lose their thirst

This content was published on Feb 18, 2002 Figures just released by Switzerland’s largest independent brewer, Eichhof of Lucerne, show that a hard winter and rainy spring led to a significant decrease in consumption until the middle of last year. Despite generally fair midsummer weather, Eichhof said it was impossible to make up the loss by the end of its fiscal year on…

Europe debates tobacco controls

This content was published on Feb 18, 2002 They hope to reach a pan-European agreement on how to combat tobacco consumption ahead of a World Health Organisation (WHO) meeting in Geneva in March. “If European countries, at least, can find a consensus on the essentials that would certainly ease the work in Geneva,” said Thomas Zeltner, director of the federal health office, who…

Report details Swiss toilet habits

This content was published on Feb 17, 2002 The survey, commissioned by a leading toilet paper manufacturer, suggests that women pay a visit to the toilet on average five times a day, while men rush to answer the call of nature only three times every 24 hours. The results of the study also indicate that though men may go to the lavatory less,…

A storm in a coffee cup

This content was published on Feb 17, 2002 Last December, the Swiss Coffee Federation warned that the price of the country’s staple hot beverage would rise by as much as 15 per cent as a result of an increase in wage costs. But according to a survey published by the weekly trade magazine, “Expresso”, there has not been a significant increase in the…

Swiss forecasts low profit margins

This content was published on Feb 16, 2002 A spokesman for Crossair, Manfred Winkler, said the forecast was in line with the business plan drawn up for the new carrier, due to launch on April 1. “We’re not concerned about the forecast, because we know it’ll take time to get the passenger numbers up,” Winkler told swissinfo. “So far, we’re right on track…

Swiss rapped over knuckles for wolf shooting

This content was published on Feb 16, 2002 The Council said it had sent a letter to the Swiss government seeking an explanation after receiving a complaint from the Italian ecological organisation, “Legambiente Lombardia”. “France, Germany and Norway have had the same sort of wolf problems as Switzerland and have resolved them,” said Eliado Fernandez-Galiano, head of natural heritage at the Council of…

“Enronitis” arrives in Switzerland

This content was published on Feb 16, 2002 The affliction refers to the impact of the world’s largest bankruptcy, Enron, and the responsibility big business has not only toward investors and staff but also to society in general. Wednesday’s news that former ABB chief executive officer Percy Barnevik received SFr148 million ($87 million) when he stepped down, and his successor Göran Lindahl received…

Slump delays grand opening of new Zurich terminal

This content was published on Feb 15, 2002 The airport’s board of directors has said construction of a new, 500-metre-long terminal and 27 docking bays would be finished by November, as planned. However, the inauguration and operational use of the so-called dock midfield is to be delayed by 12 to 24 months, the board said. The airport operator, Unique, said the delay was…

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Banking & Fintech

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Fischer profits fall short

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Small Swiss are heavyweights in global financial league

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Swiss lose their thirst

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Europe debates tobacco controls

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Report details Swiss toilet habits

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A storm in a coffee cup

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Swiss forecasts low profit margins

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Swiss rapped over knuckles for wolf shooting

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“Enronitis” arrives in Switzerland

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Slump delays grand opening of new Zurich terminal

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