Banking & Fintech

Reality of malnutrition brought home to Swiss children

This content was published on Mar 12, 2001 “This is a public we’ve never focused on before,” says exhibition organiser Nadia Isler of Médecins Sans Frontières (MSF). “Even though they’re young, they’re not too young to start thinking about the problem and how we can avoid it.” She says the MSF chose malnutrition as a theme because of its pervasiveness in parts of…

Economic investment cooling down

This content was published on Mar 12, 2001 The latest survey of Swiss business released on Monday shows that the percentage difference in those expecting investment and those forecasting contraction came out at 21.1 points for 2001. The figure for 2000 was 35.7 points. The service sector such as finance, IT and telecoms expect their levels of investment to decline due mainly to…

Markets unimpressed with Unaxis results

This content was published on Mar 12, 2001 Analysts attributed the fall to the company’s less than optimistic outlook for the current year, and said that much of last year’s profits were down to a series of divestments as Unaxis continued to transform itself from an old-style industrial conglomerate. Unaxis, known until last year as Oerlikon-Bührle, posted net profit of SFr511 million ($310…

SAirGroup shares plummet in wake of board’s resignation

This content was published on Mar 12, 2001 The share price went into a tailspin as rumours mounted that the company’s financial position is even worse than expected. SAirGroup’s shares have fallen by more than a quarter in the past month, and are down by over 40 per cent from last year’s high. The group is due to decide on Monday whether to…

Swiss bank faces lawsuit over initial offerings in US

This content was published on Mar 12, 2001 The New York Times says a class-action lawsuit has been launched against the seven banks, accusing them of demanding inflated brokerage commissions to artificially support share prices after their IPOs. The suit also describes “tie-in purchases” requiring investors in initial stock offerings to buy additional shares in the companies after their public launch. It says…

Eating in the dark all the rage in Zurich

This content was published on Mar 12, 2001 The restaurant’s popularity lies in its unique approach: eating at the “Blinde Kuh”, which is German for the game of blind man’s bluff, is an entirely non-visual experience. Diners sit in complete darkness, and the cooks and serving staff are all either blind or visually impaired. The restaurant, the only one of its kind in…

Genetically modified organisms found in biological animal feed

This content was published on Mar 11, 2001 The agriculture ministry spokesman, Jürg Jordi, confirmed the report in the Swiss newspaper, “SonntagsZeitung”. Jordi said that 17 per cent of the soja in the animal feed was genetically modified. While genetically modified soja is not illegal in Switzerland, the legal limit for animal feed to be certified as organic is three per cent. The…

Nestlé official touted as likely successor to SAirGroup boss

This content was published on Mar 11, 2001 Media reports on Sunday speculated that Corti would take over at the helm of the troubled SAirGroup, when the remaining members of the management board step down next year. The “SonntagsBlick” newspaper said he may even take over from Honegger at SAirGroup’s next general meeting on April 25. It is not clear why Corti did…

SAirGroup board closes ranks

This content was published on Mar 10, 2001 The management board of SAirGroup, the holding company of the national carrier Swissair, announced its resignation on Friday as part of a major shift in strategy. It was the latest in a series of dramatic announcements affecting the company in the past two months. Honegger said the restructuring of the company would be complete within…

SAirGroup dominates another week in Swiss business

This content was published on Mar 9, 2001 Shortly after the Zurich stock market closed on Friday, SAirGroup announced its board would be stepping down in two phases over the next year. Five board members will leave next month – and the rest, with one exception, will make way for replacements in one year’s time. The company said it was part of a…

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Banking & Fintech

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Reality of malnutrition brought home to Swiss children

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Economic investment cooling down

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Markets unimpressed with Unaxis results

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SAirGroup shares plummet in wake of board’s resignation

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Swiss bank faces lawsuit over initial offerings in US

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Eating in the dark all the rage in Zurich

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Genetically modified organisms found in biological animal feed

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Nestlé official touted as likely successor to SAirGroup boss

More

SAirGroup board closes ranks

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SAirGroup dominates another week in Swiss business

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