Banking & Fintech

Comptoir Suisse gets fairytale makeover

This content was published on Sep 14, 2001 The Comptoir started life 82 years ago as a way for rural produce to be brought to the attention of the people of Lausanne, and since then it has remained a vital link between the city and the countryside. But it has grown to include the usual panoply of jacuzzis, orthopaedic beds and beauty products…

Swiss machine tool specialists flock to Hanover

This content was published on Sep 14, 2001 Switzerland ranks third behind Germany and Italy in the number of exhibitors at the fair. “With about 12,000 employed in our branch, we have annual sales of SFr4.7 billion ($2.79 billion). Some 87 per cent of our products are exported,” explains Jürg Pfluger, director of the Agathon company in Solothurn and president of the European…

Neuchâtel’s past proves a pull for investment

This content was published on Sep 14, 2001 Neuchâtel started to woo foreign investment in earnest in the wake of the crisis in Switzerland’s watchmaking industry, which struck some 25 years ago, with the introduction of quartz technology. Long reliant on watchmaking and other precision industries, the canton suddenly saw its major businesses threatened by Japanese and other foreign imports. It responded by…

Central Bank to focus on monetary stability

This content was published on Sep 14, 2001 Roth told the annual meeting of the Swiss Bankers Association on Friday that Swiss economic growth was slowing down as the world economy decelerated. “The economic slowdown has revealed the fragility of the world economy. Signs of an upturn in the cycle are not yet discernible in the United States and the dollar remains under…

Zurich and Deutsche Bank talks advance

This content was published on Sep 14, 2001 Zurich said in a statement that it was interested in acquiring the Deutscher Herold and further insurance companies of Deutsche Bank in continental Europe. It added that an integral part of the negotiations was a cooperation and distribution agreement between the two companies in the fields of insurance, asset management and banking to provide a…

Sion sale close to completion

This content was published on Sep 14, 2001 Mouyal has agreed to pay SFr 4.5 million ($2.7 million) for the canton Valais club. Two million of those francs will be invested in the club itself, while the remainder goes to Kadji. Sion’s new president is backed by the JM company, which specialises in audiovisual presentations and marketing Sion will be the second Swiss…

Markets drift awaiting US direction

This content was published on Sep 13, 2001 The blue chip Swiss Market Index ended the day up again on Thursday amid thin trading. It gained 1.2 per cent to close at 5907.5 The SMI had already managed to recover some lost ground on Wednesday, ending up 2.5 per cent after dropping more than 7 per cent on Tuesday. “Volumes are poor with…

Airlines face record losses

This content was published on Sep 13, 2001 William Gaillard, spokesman for the association, which has 266 member carriers, said on Thursday that airlines were facing “record losses” this year in the wake of Tuesday’s attacks. About 4,000 of the world’s 12,000 commercial airliners were grounded after the US suspended all flights, following Tuesday’s attacks. The US market is work about $1 billion…

Plant experts examine risks of herbal medicines

This content was published on Sep 13, 2001 Some 300 experts from 44 countries are taking part in this annual conference of the European Phytochemistry Society, which is being held at Lausanne University. “The plant kingdom is still an unexploited reservoir of new molecules which could one day become useful drugs,” said Kurt Hostettmann, a professor at the university’s Institute of Pharmacognosy and…

Auction of Mobutu’s villa fails

This content was published on Sep 13, 2001 Bidding was meant to start at SFr2.5 million ($1.5 million) for the 30-room Villa Les Miguettes, which was valued at SFr4.25 million. But local bankruptcy authorities called off the auction after an hour because nobody entered a bid. The villa will now either be auctioned at a later date, but with no minimum price, or…

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Banking & Fintech

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Comptoir Suisse gets fairytale makeover

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Swiss machine tool specialists flock to Hanover

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Neuchâtel’s past proves a pull for investment

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Central Bank to focus on monetary stability

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Zurich and Deutsche Bank talks advance

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Sion sale close to completion

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Markets drift awaiting US direction

More

Airlines face record losses

More

Plant experts examine risks of herbal medicines

More

Auction of Mobutu’s villa fails

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