Banking & Fintech

Hotel trade records best ever winter season

This content was published on Jun 26, 2001 The Federal Office for Statistics reported on Tuesday the number of overnight stays between November and April rose by just over half a million – 3.5 per cent more than the 2000 winter season. It was the best result since records began in 1934, and underlined the extent to which the tourist trade in Switzerland…

Temenos makes stock exchange debut

This content was published on Jun 26, 2001 Temenos shares began trading at SFr23 ($13) each, valuing the company at around SFr1.19 billion. The group expects its initial public offering to raise around SFr231 million. The flotation is considered a litmus test for tech IPOs in today’s more sober environment where investor expectations have become more realistic after last year’s inflated valuations. The…

Swiss blue chips make successful move to London

This content was published on Jun 25, 2001 Stock exchange spokesman Leo Hug said the launch, featuring 29 leading Swiss companies in the Swiss Market Index, including such names as Nestlé and Swissair, had gone smoothly and without problems. Traders expressed satisfaction after the start of virt-x, adding that it had a good potential for success. However, they warned that its efficiency could…

Swiss urged to prepare for Euro launch

This content was published on Jun 25, 2001 The Swiss Bankers Association is recommending that people either spend their EU currency reserves or convert them into Swiss francs. Twelve of the 15 EU countries, including Switzerland’s neighbours France and Germany, will adopt the Euro as of January 3 2002, making their own currencies redundant from the end of this year. In Switzerland, the…

Swiss respond well to nationwide census

This content was published on Jun 25, 2001 Six months after the census was carried out, 97.3 per cent of citizens have returned forms to the Federal Statistics Office. The office said the good result was a sign of the high acceptance among the resident population. It also pointed out the importance of a high-profile publicity campaign ahead of the census, which was…

Four Swiss die in plane crash

This content was published on Jun 25, 2001 The plane crashed in a gorge near Osiglia, in the province of Savona , after setting out on a flight from Colombier in canton Neuchatel on Friday. The cause of the crash is not known. According to Italian aviation authorities, the pilot did not indicate any problems during the flight. The identity of the victims…

Watch exports held up in May by fewer working days

This content was published on Jun 25, 2001 The Federation of the Swiss Watch Industry in Biel said that exports in May were down by 2.2 per cent at SFr909 million. However, it pointed out in a statement that the month had two working days less than the comparable period last year. It also reported that unprecedented growth of 33.2 per cent had…

Switzerland bids goodbye to blue chips

This content was published on Jun 25, 2001 Spokesman Leo Hug said the launch on Monday morning had proceeded smoothly and without problems. Created last year by the merger of the Tradepoint electronic exchange and the blue chip segment of the SWX, virt-x will from Monday offer trading in British and Swiss blue chips. The following week will see trading begin in companies…

Corti says there is no more money for Sabena

This content was published on Jun 25, 2001 Corti also denied the Swissair group is on the verge of bankruptcy. In an interview published on Monday in the ‘Aargauer Zeitung’ and Geneva’s ‘Le Temps’, Corti said that future flying activities would be concentrated on Swissair and Crossair. “We want to organise an orderly withdrawal from all the foreign stakes which are losing money.…

Rebirth of travel’s golden age in Zermatt

This content was published on Jun 25, 2001 The two-carriage tramway brings guests and their luggage the few hundred metres between the Riffelalp railway stop above the village of Zermatt and the recently re-opened Riffelalp resort. Today’s tourists make the journey to Riffelalp for the same reason as 19th century holidaymakers. The 2,200 metre high plateau provides a commanding view of arguably Switzerland’s…

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Banking & Fintech

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Hotel trade records best ever winter season

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Temenos makes stock exchange debut

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Swiss blue chips make successful move to London

More

Swiss urged to prepare for Euro launch

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Swiss respond well to nationwide census

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Four Swiss die in plane crash

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Watch exports held up in May by fewer working days

More

Switzerland bids goodbye to blue chips

More

Corti says there is no more money for Sabena

More

Rebirth of travel’s golden age in Zermatt

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