Banking & Fintech

Swiss authorities to launch Internet gateway

This content was published on Jul 15, 2001 The site, which is not due to be activated before December, will initially answer questions related to 12 themes designed to provide users with practical information. These include up-to-date advice about travelling abroad, how to go about setting up a small business, healthcare, employment and tax information. The initial budget for the project has been…

Switzerland’s Tibetan community bitter about Chinese Olympics

This content was published on Jul 14, 2001 In an interview with the Swiss newspaper, the “Aargauer Zeitung”, on Saturday, Chokteng said the IOC’s decision – made on Friday during a secret ballot of its members at a special session in Moscow – would damage the Tibetans’ current situation. “It’s a catastrophic decision, a justification of China’s brutality towards minorities,” Chokteng told the…

Heavy goods tax set to meet income target

This content was published on Jul 13, 2001 Truck companies are expected to fork out SFr750 million ($424 million) in taxes by the end of the year. Foreign truckers paid SFr79 million in the first five months of year to use Swiss roads, according to the customs office. By contrast, Swiss hauliers forked out SFr44 million in the month of January alone to…

National Bank has no plans for stock buyback

This content was published on Jul 13, 2001 The banks registered shares have risen nearly a third this year, helped by speculation over the past week that the SNB could make a generous buyback offer to the nearly 3,000 private investors who own SNB stock. “There are no concrete projects underway to do something like a de-listing,” the spokesman added. The law at…

Roth firm on banking secrecy in face of EU pressure

This content was published on Jul 13, 2001 In an exclusive interview with swissinfo, Roth said that another priority was to make the non-banking sector comply with the anti-money laundering law, which Switzerland introduced in 1998. Roth said Switzerland would cooperate with the EU in taxing its citizens. However, like Swiss finance minister Kaspar Villiger, he emphasised that participating in any exchange of…

Swiss firms expect stock market jitters

This content was published on Jul 13, 2001 Swissair saw its share price take off at the end of last week after the company’s chairman, Mario Corti, unveiled plans to return the group to profit. The aviation company’s shares closed up 13 per cent on Thursday and made further, more modest gains on Friday. This was despite disappointment among some analysts that Corti’s…

Swissair plans dominate business headlines

This content was published on Jul 13, 2001 At a press conference on Thursday, Corti said he plans to sell assets worth more than SFr3 billion ($1.7 billion) over the next 18 months and wants to cut costs by SFr215 million a year. He said his policies had already reduced the group’s debt mountain by SFr500 million to SFr7.8 billion. There was no…

Baloise not set on remaining independent

This content was published on Jul 13, 2001 “I have never said that we want to remain independent under any circumstances, but we believe in the chance to remain independent,” Schäuble said in the interview published on Friday. Baloise has a market value of about SFr10 billion ($5.65 billion), which would make it an expensive target, Schäuble added. Zurich Financial Services is the…

Tourists to flood Switzerland with euros

This content was published on Jul 13, 2001 In the past, Switzerland has liked to think of itself as a rocky island in a restless sea. When the French and Hapsburg monarchies bickered over hegemony in Europe in the late Middle Ages, the Swiss fought tooth and nail for the preservation of their autonomous chiefdoms. In the 20th century, Switzerland refused to commit…

Kudelski signs deals in Hong Kong and Australia

This content was published on Jul 13, 2001 Kudelski said in a statement on Friday that Hong Kong Cable Television had selected Kudelski’s Nagravision as a partner for its migration to digital television broadcasting. Nagravision will act as the integrator for the full system and provide its conditional access solution. Hong Kong Cable, a unit of i-Cable Communications, will go digital from August…

Banking & Fintech

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Banking & Fintech

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Swiss authorities to launch Internet gateway

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Switzerland’s Tibetan community bitter about Chinese Olympics

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Heavy goods tax set to meet income target

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National Bank has no plans for stock buyback

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Roth firm on banking secrecy in face of EU pressure

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Swiss firms expect stock market jitters

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Swissair plans dominate business headlines

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Baloise not set on remaining independent

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Tourists to flood Switzerland with euros

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Kudelski signs deals in Hong Kong and Australia

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