Banking & Fintech

IMF evaluates Swiss financial sector

This content was published on Nov 7, 2001 The investigation is part of a wider project by the IMF and World Bank called the Financial Sector Assessment Programme, which was founded in the wake of the ’90s currency crisis. To safeguard against future financial crises, the IMF and other financial institutions decided to look at the micro, or domestic, economic structures of its…

Swiss seek to revive Silk Road

This content was published on Nov 6, 2001 For the past ten years, Central Asia has been one of the main recipients of Swiss development aid: the five former Soviet Republics of Kyrgyzstan, Uzbekistan, Tajikistan, Turkmenistan and Kazakhstan have received some SFr180 million since 1993. Now that the war in Afghanistan has firmly focused international attention on the region, the Swiss are hoping…

Sabena staff walk out as airline founders

This content was published on Nov 6, 2001

Getting away from it all in Antarctica

This content was published on Nov 6, 2001 Antarctic cruises are by no means a new phenomenon, but as the organisers say, each trip is a unique expedition to a little-explored world where wind, weather and ice conditions play a significant role. The trips offer a privileged look at nature in the raw, as retired British-born Swiss postmistress Joan Pralong can testify. This…

Forbo cuts jobs, closes some offices

This content was published on Nov 6, 2001 The company, based in Eglisau, canton Zurich, reported on Tuesday that it had taken early measures in response to the weak business situation. A statement said that many parts of the organisation had been streamlined and some branch offices closed. Short-time work and temporary production stops were further cost-cutting measures, it added. Forbo said its…

Sleep in Switzerland – without losing your shirt

This content was published on Nov 6, 2001 There are some 250 Bed and Breakfasts in Switzerland. Although that figure is modest in comparison with Britain or other English-speaking countries, the number of Swiss homeowners opening their doors to travellers is growing rapidly. Even better, most Swiss B&Bs charge less than SFr100 (US60) for a double occupancy per night. Besides the attractive price,…

Kuoni faces rough fourth quarter

This content was published on Nov 6, 2001 Kuoni said that for the year as a whole, it expected to record annual sales revenues slightly below last year’s figures, with profit expected to amount to around SFr10 million ($6.09 million). Last year, Kuoni had sales of SFr4.113 billion and made a profit of SFr115.1. Commenting on its third quarter figures, Kuoni said that…

Texas IT leader rescues Swissair subsidiary

This content was published on Nov 6, 2001 The Swissair Group formally approved the takeover and it was signed by both parties on Monday, a statement said without giving financial details. Final approval is needed from antitrust authorities before the deal can be completed. EDS is to handle flight reservations, airport management and information services for Atraxis customers, the company said. Atraxis boss…

Holcim makes further investment in Indonesia

This content was published on Nov 5, 2001 The deal means that Holcim (formerly Holderbank) increases its 12.5 per cent stake in Indonesia’s third-largest cement producer to about 75 per cent. A statement said this latest investment consolidated Holcim’s leading position in the cement sector in the Association of South-East Asian Nations (ASEAN) countries. The deal was announced after negotiations with Cibinong’s principal…

Sarna issues profit warning

This content was published on Nov 5, 2001 Citing poor demand in a lacklustre economic environment, Sarna said it was withdrawing from the high-tech Sarnatech division and would refocus on its two divisions supplying the construction and car industries. In a statement from its headquarters in Sarnen, canton Obwalden, Sarna said it would develop “appropriate alternatives” for Sarnatech, which had sales of SFr106…

Banking & Fintech

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Banking & Fintech

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IMF evaluates Swiss financial sector

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Swiss seek to revive Silk Road

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Sabena staff walk out as airline founders

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Getting away from it all in Antarctica

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Forbo cuts jobs, closes some offices

More

Sleep in Switzerland – without losing your shirt

More

Kuoni faces rough fourth quarter

More

Texas IT leader rescues Swissair subsidiary

More

Holcim makes further investment in Indonesia

More

Sarna issues profit warning

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