Banking & Fintech

Crossair launches new shares on Swiss bourse

This content was published on Dec 28, 2001 The new shares were launched at SFr50 but fell to SFr47.90 at the start of trading. The share price fell to a low of SFr42.50 before recovering a little to close at SFr46. The SFr50 shares were launched to replace the “old” Crossair shares worth SFr250 each. Individual shareholders have been assigned five new shares…

Economic growth slow until mid 2002

This content was published on Dec 28, 2001 The Business Cycle Research Institute of the Zurich Federal Institute of Technology said that its indicator for November fell to -1.28 points, from a downwardly revised -1.12 points in October. The November indicator is the lowest in Switzerland for five years. According to the Institute, whereas the United States and Germany have already begun to…

Ringier tightens grip on print media market

This content was published on Dec 28, 2001 The Zurich-based Ringier company said that it would be buying several leading publications from the Basler Media Group, in a statement by the two firms on Thursday. Under the deal, which still needs approval by the regulators, Ringier is to acquire the weekly “Weltwoche” newspaper, the business magazine, “Bilanz”, and the fortnightly “Beobachter” magazine, as…

Nestlé scoops rights to Häagen-Dazs

This content was published on Dec 27, 2001 Nestlé is paying $641 million in cash to Häagen-Dazs’ current owners, General Mills. The Vevey-based firm is able to buy the brand because of a deal it signed in 1999 with Pillsbury to form a 50-50 joint venture combining their ice-cream brands in the US. That deal gave Nestlé an option to buy Pillsbury’s ice-cream…

Zurich airport steps up security at US request

This content was published on Dec 27, 2001 The move is in response to an incident at the weekend, in which a man smuggled explosives on to an American Airlines plane and attempted to detonate them when the aircraft was in flight. Zurich airport announced that, as of Tuesday, all US-bound passengers would have to remove their shoes and have them x-rayed before…

Celebrating New Year on Lake Lucerne

This content was published on Dec 26, 2001 For the third year in a row, the paddle steamer Uri, which normally operates only in summer, has been put into service on Lake Lucerne between Christmas and New Year’s (December 25 to January 2). The oldest working paddle steamer in Switzerland, it is celebrating a centenary of service. Diners can choose between meat or…

Zurich lifestyle keeps expatriates happy

This content was published on Dec 26, 2001 Many have taken a leading place in the Swiss business world and among them is United States-born Anne Shaughnessy, a project manager with Switzerland’s biggest bank, UBS. Born in 1964 and raised in Massachusetts, Shaughnessy studied in the mid-western metropolis of Chicago. After working for a couple of years in Austria, she returned to New…

Waiter, there’s “dal” in my rösti

This content was published on Dec 25, 2001 “I’m seriously thinking about it,” said Jeffery Sandragesan, who opened Switzerland’s first Indian restaurant 20 years ago. “You could have fondue with crushed coriander leaves and with cumin seeds. You can also dip some local vegetables in fondue and we can make a fondue chinois with Indian marinated meat.” “If they make rösti with potatoes,…

Hunt-free Geneva combats wild boar population

This content was published on Dec 24, 2001 “Things have got out of hand,” says Gottlieb Dandliker, Cantonal Inspector for Fauna. The problem of the burgeoning wild boar population is not confined to Geneva, or to Switzerland. For the past 20 years, it has been a Europe-wide phenomenon. But Geneva offers an interesting model for the management of this species. “Just because hunting…

Swissair sells catering units to Compass

This content was published on Dec 24, 2001 Under the deal, announced on Monday, Compass will pay SFr96.8 million in cash for Restorama and Rail Gourmet Holding. The sale will also include parts of Swissair’s Gourmet Nova business, which operates airport restaurants. Restorama provides catering for businesses in Switzerland, Germany and Austria, while Rail Gourmet produces on-board catering for rail passengers throughout Europe.…

Banking & Fintech

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Banking & Fintech

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Crossair launches new shares on Swiss bourse

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Economic growth slow until mid 2002

More

Ringier tightens grip on print media market

More

Nestlé scoops rights to Häagen-Dazs

More

Zurich airport steps up security at US request

More

Celebrating New Year on Lake Lucerne

More

Zurich lifestyle keeps expatriates happy

More

Waiter, there’s “dal” in my rösti

More

Hunt-free Geneva combats wild boar population

More

Swissair sells catering units to Compass

Popular Stories

Most Discussed