Banking & Fintech

Swiss television pulls plug on World Cup

This content was published on Oct 9, 2001 SBC, which owns swissinfo, released a statement on Tuesday saying it had abandoned talks with the German media Kirch which owns the international broadcasting rights to the tournament. The two parties have been in discussion since last year, but were unable to agree on a price for the World Cup rights. “The first offer (from…

New business hub opens in Vienna

This content was published on Oct 9, 2001 OSEC Business Network Switzerland, which was granted a new mandate for trade promotion by parliament earlier this year, set up the office to help small and medium sized businesses gain a foothold in the Austrian market and encourage Austrian companies to invest in Switzerland. “Swiss Business Hub Austria” was opened by the CEO of OSEC…

Credit Suisse First Boston to shed 2,000 jobs

This content was published on Oct 9, 2001 The Group’s losses were attributed to an operating loss at CSFB, lower insurance profits, a SFr400 million writedown on its stake in Swiss Life and some SFr200 million in provisions due to its credit exposure to the Swissair Group. The job cuts at CSFB are part of a drive to make savings of SFr1 billion…

Swiss financial market shrugs off US reprisals

This content was published on Oct 8, 2001 The rally began when New York opened for trading without suffering big losses early on. The SMI closed down one per cent at 5954.9 on Friday, but has been making some recovery from the 4973.5-point low set on Friday September 21 in the wake of the September 11 attacks on New York and Washington. Bid…

Geneva seeks to host new control office for dangerous chemicals

This content was published on Oct 8, 2001 Switzerland and Italy say they are the natural choice to become home to the agency’s headquarters, since the two UN bodies which currently deal with dangerous chemicals – the UN environmental programme (UNEP) and the Food and Agriculture Organisation – are already based in Geneva and Rome. The Swiss say Geneva is the logical choice…

Jobs to go at Swissair Group’s Gate Gourmet

This content was published on Oct 8, 2001 The cuts at Gate Gourmet involve 250 permanent positions and 170 temporary posts. Gate Gourmet said in a statement that it would notify the employees affected this week, and the jobs would go by the end of March 2002. “This radical action is essential to secure the future of our company and safeguard as many…

Geneva cook named Swiss chef of the year

This content was published on Oct 8, 2001 Chevrier has been among Switzerland’s top-ranked chefs for the last four years, with a 19 rating each time. “He has managed to improve each year,” said Urs Heller, the editor-in-chief of the Gault-Millau, on Monday. The guide’s editors believed it was high time to recognise the Geneva chef’s talent. “A cook cannot expect to do…

US losses hit Zurich

This content was published on Oct 8, 2001 The company said its revised estimate could reflect the largest payout in its history. Zurich raised its estimate for losses from the terrorist attacks on US landmarks to $700-$900 million from a previous estimate of less than $400 million. Shares in Europe’s third largest insurer fell sharply in early trade to levels last seen in…

Swissair scratches for funds

This content was published on Oct 8, 2001 Switzerland’s biggest banks, UBS and Credit Suisse Group, had pledged a SFr250 million ($154.1 million) bridge loan as part of a SFr1.36 billion rescue package they unveiled last Monday. Swissair was granted court protection from creditors on Friday. Complicating matters, the bridge loan was to be secured by assets now under the administration of the…

Swiss delegation seeks more trade with Iran

This content was published on Oct 7, 2001 Couchepin told his Iranian colleagues that under the current circumstances, his two-day mission to Iran marked “the importance Switzerland attaches to bilateral economic relations between the two countries.” “Switzerland did not want Iran to isolate itself from the world,” he added. The Swiss economics minister was accompanied by representatives of the Swiss industry, who complained…

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Banking & Fintech

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Swiss television pulls plug on World Cup

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New business hub opens in Vienna

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Credit Suisse First Boston to shed 2,000 jobs

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Swiss financial market shrugs off US reprisals

More

Geneva seeks to host new control office for dangerous chemicals

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Jobs to go at Swissair Group’s Gate Gourmet

More

Geneva cook named Swiss chef of the year

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US losses hit Zurich

More

Swissair scratches for funds

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Swiss delegation seeks more trade with Iran

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