Banking & Fintech

Parliament rejects capital gains tax

This content was published on Jun 8, 2001 The Senate on Friday followed the House of Representatives and the government in voting down a proposal to impose a levy of up to 25 per cent on sale of shares and bonds. Opponents of the tax said the administrative work involved was disproportionate compared to the projected extra revenue of SFr300 million ($167 million)…

Swissair Group shares fall again

This content was published on Jun 8, 2001 Shares in the company fell 10 per cent at one stage to around SFr127 ($71) before recovering some ground to close at SFr134.25 ($74.95). However, the shares were still 5.3 per cent below the Thursday close of SFr141.75 ($79.10). ABN Amro’s report continued to advise investors to sell the group’s stock and said the company’s…

Job losses at Swissair dominate business headlines

This content was published on Jun 8, 2001 Swissair Group refused to rule out job cuts, and said some tiers of management may go, as part of plans to reduce costs by at least SFr500 million ($279 million) by the second half of this year. The airline group said on Tuesday that the cost cutting measures to produce such savings would inevitably lead…

Bell tolls for euro-zone currencies

This content was published on Jun 8, 2001 The euro was actually launched at the beginning of 1999 and each member’s currency effectively ceased to exist then as they joined at a fixed rate. The markets have been trading euros for two and a half years but on the streets of Europe people have continued to use familiar banknotes and coins. That all…

Swiss National Bank expected to cut interest rates

This content was published on Jun 8, 2001 Despite economic growth for the first quarter of 2001 coming in at the top end of economists’ expectations, increasing 2.5 per cent on an annualised basis, most pundits still expect an easing in monetary policy to offset a predicted slowdown in economic growth as the year progresses. The Swiss government’s economic advisory panel said it…

Swiss firm greases the wheels of big business

This content was published on Jun 8, 2001 Tucked away in the community of Hasle-Rüegsau in the heart of the Emme valley, Blaser Swisslube thrives on innovation in an industry that is likely to leave most people yawning. However, industrial giants like Boeing, Airbus, Ford and Mitsubishi all use Blaser Swisslube products. The chairman and chief executive, Peter Blaser, told swissinfo that the…

Unemployment rate remains steady

This content was published on Jun 8, 2001 The number of people unemployed in Switzerland now stands at 61,097, slightly down from April’s figure of 63,032. The number of job vacancies has also remained steady at 14,195. Analysts said the unemployment data could be seen as another sign of a cooling of the Swiss economy, fanning expectations that the Swiss National Bank might…

Study reveals Swiss internet habits

This content was published on Jun 7, 2001 It reveals that, on average, the Swiss surf the internet 14 times a month and that on every occasion, they log on for about 26 minutes. Men continue to dominate home internet use and spend twice as long as women on the web. On every session on the web, Swiss users look at about 40…

Double-digit sales growth for Novartis in US

This content was published on Jun 7, 2001 In an interview with the German-language newspaper “Weltwoche”, on Thursday, Novartis chairman, Daniel Vasella, said the firm was steadily improving its position in the American market. “Compared with US companies, we naturally have a smaller percentage of our sales in the United States, but we are growing fast,” Vasella said. “We grew more than 20…

Swiss economy expands by 2.5 per cent

This content was published on Jun 7, 2001 Economists had expected gross domestic product (GDP) – the broadest measure of economic output -to grow by between 2.2 and 2.5 per cent, compared to 2.5 per cent growth in the previous quarter. Despite coming in at the top end of economists’ expectations the latest GDP data hasn’t dampened hopes for a cut in Swiss…

Banking & Fintech

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Banking & Fintech

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Parliament rejects capital gains tax

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Swissair Group shares fall again

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Job losses at Swissair dominate business headlines

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Bell tolls for euro-zone currencies

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Swiss National Bank expected to cut interest rates

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Swiss firm greases the wheels of big business

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Unemployment rate remains steady

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Study reveals Swiss internet habits

More

Double-digit sales growth for Novartis in US

More

Swiss economy expands by 2.5 per cent

Popular Stories

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