Banking & Fintech

Unique to export its know-how to Bangalore

This content was published on Jan 24, 2002 Thursday’s announcement marks a breakthrough in the firm’s strategy to develop activities as a consultant and manager of international airports. In a statement, the company said a deal was signed with other partners on Wednesday and that its total investment would be SFr16 million ($9.6 million). Milestone to expand business It added that the contract…

Italian truckers bring chaos to Swiss-Italian border

This content was published on Jan 24, 2002 Their protest, which began at 5am on Wednesday morning, lasted 12 hours. It was initially pencilled to carry on until 10pm but was called off at 5pm on Wednesday afternoon. During the day, there was a ten-kilometre-stretch of protesters in vehicles on the Italian side of the Chiasso border crossing. On the Swiss side, drivers…

Swiss confident of solution to EU talks impasse

This content was published on Jan 24, 2002 Jacques de Watteville, head of the Foreign Ministry’s Economic and Financial Affairs Division, said he was confident that the next round of bilateral negotiations with the European Union would not see an erosion of Switzerland’s much cherished banking secrecy laws, despite pressure from certain EU member states. The official was speaking as the Swiss cabinet…

Italian truckers blockade Swiss borders

This content was published on Jan 23, 2002 The Italian Road Hauliers Association (FAI), which has organized the protest, is preventing truck traffic from entering Switzerland. The truckers are attempting to pressure the Italian government to intervene against Swiss transport policy. The Italian truckers have asked Switzerland to lift its restrictions on foreign cargo traffic. This would include re-establishing heavy goods traffic in…

WEF says 2003 meeting will return to Davos

This content was published on Jan 23, 2002 In a statement on Wednesday, Klaus Schwab, president of the WEF, welcomed action taken by the Swiss cabinet, saying it fulfilled the “necessary prerequisites” to maintain Davos as a location for the forum’s annual meeting. The prestigious WEF annual meeting is the largest gathering of economic and political leaders, who assemble to debate key global…

WEF says 2003 meeting to be held in Davos

This content was published on Jan 23, 2002 Earlier, the Swiss government agreed to make contributions of up to SFr12 million ($7 million) for security over the next three years and a further SFr100,000 towards a parallel event for critics of the prestigious gathering of business and political leaders, according to a statement published by the economics ministry on Wednesday. The cabinet also…

Swiss army to follow business strategy

This content was published on Jan 23, 2002 The army’s strategy, which will extend over a period of 10 to 15 years, is aimed at running the military as a business enterprise to improve its performance. The army also wishes to become more attractive as an employer by providing top quality training and access to modern technologies. The new measures, including an in-house…

Ascom says finances solid

This content was published on Jan 23, 2002 The company said on Wednesday that revenues in 2001 rose 1.7 per cent to SFr3.115 billion ($1.87 billion). Ascom also said that at the end of the fourth quarter of 2001, its net interest-bearing debt was below SFr700 million. “Overall the financial situation of Ascom is stable. The board of directors and the executive board…

Swiss franc still cause for concern

This content was published on Jan 23, 2002 Speaking on Tuesday to a business audience on a panel that included German Bundesbank president Ernst Welteke, a member of the European Central Bank council, Gehrig said that “The current euro level vis a vis the Swiss franc…is somewhat expensive.” He said the relatively strong Swiss franc performance did not fit well with the current…

Marchionne quits Lonza

This content was published on Jan 23, 2002 Marchionne, a 48-year-old Canadian, is leaving on February 1 to head the Swiss inspection services group SGS, Société Générale de Surveillance, SGS said in a statement on Wednesday. He replaces Antony Czura, who is leaving the company. The move has been welcomed by analysts amid hopes the management changes would end a lack of transparency…

Banking & Fintech

Popular Stories

Most Discussed

Banking & Fintech

More

Unique to export its know-how to Bangalore

More

Italian truckers bring chaos to Swiss-Italian border

More

Swiss confident of solution to EU talks impasse

More

Italian truckers blockade Swiss borders

More

WEF says 2003 meeting will return to Davos

More

WEF says 2003 meeting to be held in Davos

More

Swiss army to follow business strategy

More

Ascom says finances solid

More

Swiss franc still cause for concern

More

Marchionne quits Lonza

Popular Stories

Most Discussed