Banking & Fintech

Kuoni sells stake in Austrian company

This content was published on Jul 17, 2001 The sale, which was approved on Monday by Thomas Cook’s board of directors, was made public on Tuesday. Before coming into effect, the sale must first be approved by Austrian and German anti-trust authorities. In a statement released on Tuesday, Kuoni did not indicate what amount had been paid to Thomas Cook. Both companies had…

Nestlé offers to sell off European pet food interests

This content was published on Jul 17, 2001 The Commission recently extended its review of the Swiss firm’s proposed purchase of the US pet food maker. It is due to rule on the deal by July 30. The Commission is concerned that Nestlé’s purchase of Purina would harm competition in the pet food market. Nestlé proposed divesting some businesses in order to meet…

UBS gets into hairdressing

This content was published on Jul 17, 2001 Eugene Perma Group, formed from the combination of France’s Eugene Perma with Spain’s Cosmetica General, owns brand names like Petrole Hahn, Keranove and Cycle Vital. It will offer a full range of hair care products from shampoos and lotions to salon products for colourings and perms. UBS Capital, which takes majority stakes in medium to…

swissinfo launches traffic information service

This content was published on Jul 17, 2001 The new 24-hour telephone service (0900 55 60 55), which comes into operation this summer, is part of swissinfo’s efforts to provide foreign visitors driving in and through Switzerland with instant access to the latest information about the nationwide state of traffic. The traffic information line, to be made available at first only in German,…

Attorney Volk joins CSFB

This content was published on Jul 17, 2001 CSFB, the investment banking arm of Switzerland’s second biggest bank, Credit Suisse Group, now has a staff of 28,000, with much of its growth attributed to last year’s acquisition of US investment bank Donaldson, Lufkin and Jenrette. Mack, a Wall Street veteran who had been president of Morgan Stanley until March, replaced former CSFB head…

Romantic age of steam alive and well in Brienz

This content was published on Jul 17, 2001 During the 19th century alpine tourism was enjoying its first success, and many communities were looking at ways of attracting visitors. The people of Brienz watched a mountain railway being built up the Rigi in central Switzerland, and realized it might take visitors away from their own town. So they decided on an ambitious plan;…

Georg Fischer upbeat about earnings prospects

This content was published on Jul 17, 2001 The Schaffhausen-based company said on Monday that over the first six months of this year sales rose to SFr2.042 billion ($1.16 billion) from SFr1.821 billion in the same period last year. It said earnings before tax and interest were SFr133 million in the first-half compared with SFr121 million last year, while net profit rose slightly…

EU considers Sabena investment probe

This content was published on Jul 16, 2001 A spokesman for the European Commission, the EU`s governing body, revealed the probe deliberation at the Commission’s daily news briefing on Monday. “The Commission is currently thinking about opening a formal investigation on state aids in the case of Sabena,” said the spokesman, Gilles Gantelet. The EU is expected to decide on July 25 whether…

Poll: Government should protect Swissair

This content was published on Jul 16, 2001 According to the Swiss newspaper, 64 percent of those surveyed feel the aviation group, which includes airlines and aviation-related services such as catering, should receive aid from the government, which is also a Swissair shareholder. The poll indicates that despite last year’s losses and continued financial problems, Swissair remains the pride of many Swiss. The…

Swisscom tight lipped about rumoured German deal

This content was published on Jul 16, 2001 The Swiss-German Sunday paper, the “SonntagsZeitung”, said debitel would pay SFr400 million ($227 million) for German mobile company, Talkline, currently owned by Denmark’s TDC A/S. The paper added that a France Telecom unit, Mobilcom, and the 3G consortium of Telefonica and Sonera were also interested. “We have no comment on market rumours,” said Swisscom spokesman,…

Banking & Fintech

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Banking & Fintech

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Kuoni sells stake in Austrian company

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Nestlé offers to sell off European pet food interests

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UBS gets into hairdressing

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swissinfo launches traffic information service

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Attorney Volk joins CSFB

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Romantic age of steam alive and well in Brienz

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Georg Fischer upbeat about earnings prospects

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EU considers Sabena investment probe

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Poll: Government should protect Swissair

More

Swisscom tight lipped about rumoured German deal

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