Banking & Fintech

People Soft exploits customer care boom

This content was published on Jul 21, 2001 Active in Switzerland since late 1998, it now boasts among its clients some of the country’s biggest names, including UBS, Credit Suisse, Novartis, Swisscom and the Swiss army. About two years ago, before it launched in Switzerland, People Soft overhauled its strategy to focus on the internet. The company spent $500 million and used 2000…

Swissair continues to recover

This content was published on Jul 21, 2001 The business week was dominated by positive news for the Swissair Group as it managed to pull back successfully from loss-making foreign ventures. Shares in the group pushed up sharply on Wednesday in reaction to news that the group had limited its future exposure to the Belgian carrier, Sabena. Swissair, which controls a 49.5 per…

Small investors urged to stay wary of markets

This content was published on Jul 21, 2001 The value of many people’s portfolios plummeted in the past year, and small investors were often disproportionately affected because they hang on longer than large institutions. The blue chip Swiss Market Index has fallen 16 per cent since the beginning of the year, and the broader Swiss Performance Index has dropped by a similar amount.…

Bumper vegetable crop spells disaster for farmers

This content was published on Jul 20, 2001 Peter Märki, the head of the Swiss vegetable producers’ association, said the loss of income could be disastrous for the country’s farmers, who are already dependent on state subsidies. According to Märki, springtime rains, particularly in the month of March, delayed sowing. Consequently, vegetable harvests were also later than usual. Märki said these problems had…

Feintool cuts earnings forecast on weaker sales

This content was published on Jul 20, 2001 Feintool, which had already planned job cuts, made the announcement on Friday after releasing figures that showed a lower than expected sales increase for the first nine months of the year. Sales rose from SFr306 million ($177 million) to SFr330 million. The company said it now expects a net profit of between SFr16 million and…

French court postpones decision on AOM/Air Liberté

This content was published on Jul 20, 2001 AOM/Air Liberté filed for bankruptcy last month after its shareholders, Swissair and Marine Wendel, said they wouldn’t give it any more money to stay afloat. It lost SFr690 million ($400 million) last year and is still losing SFr3 million a day. The Paris tribunal must decide whether one of the 16 plans submitted to save…

Plane crashes in canton Graubünden

This content was published on Jul 19, 2001 Police said the aircraft, a Cessna 172 registered in Switzerland, had left for Zurich from the airport of Samedan, in the High-Engadine area, shortly before 5pm. They added that an investigation had been opened into the cause of the accident. swissinfo with agencies

Warm welcome for Swiss president in Estonia

This content was published on Jul 19, 2001 “I was so happy about this visit that my plane arrived half an hour early”, Leuenberger joked after talks with the Estonian president. After the meeting, Leuenberger added that his counterpart had “given Estonia an identity”, as well as “freedom”. The Swiss president said that an emphasis on culture had enabled Meri to bring the…

Swissair shares take off ahead of French court ruling on AOM/Air Liberté

This content was published on Jul 19, 2001 Shares rose strongly on speculation that the court might allow Swissair to sell its stake. At the closing of the Swiss stock exchange, Swissair shares were up by 10.83 per cent at SFr133. Shares in Swissair started to recover last week when executive chairman Mario Corti announced plans for cost cutting measures to improve on…

Zurich launches Switzerland’s first women’s map

This content was published on Jul 19, 2001 “We decided to draw up a map of Zurich to show where women can go to do their shopping, where beauty centres are or where to go to receive counselling,” says Maya Kipfer, one of the map’s designers. On the list are cinemas and medical centres catering exclusively for women, as well as Zurich’s only…

Banking & Fintech

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Banking & Fintech

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People Soft exploits customer care boom

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Swissair continues to recover

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Small investors urged to stay wary of markets

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Bumper vegetable crop spells disaster for farmers

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Feintool cuts earnings forecast on weaker sales

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French court postpones decision on AOM/Air Liberté

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Plane crashes in canton Graubünden

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Warm welcome for Swiss president in Estonia

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Swissair shares take off ahead of French court ruling on AOM/Air Liberté

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Zurich launches Switzerland’s first women’s map

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