Banking & Fintech

Roche profits take a leap but drugs sales remain weak

This content was published on Mar 1, 2001 Among those deals was the sale of the company’s stake in US biotech firm, Genentech, which earned the group a hefty profit of SFr2.5 billion. Net profit on an adjusted basis from continuing businesses rose 14 per cent to SFr5.01 billion. This was in line with analysts’ expectations. Extraordinary income helped to mask a rather…

Swiss moot new fiscal measures to defuse EU pressure over tax evasion

This content was published on Feb 28, 2001 Experts have proposed a new tax on the interest accrued on foreign assets held in Swiss bank accounts. This would mean that any EU national holding an account in Switzerland would have to pay tax on the interest generated by their assets. The money generated by this new tax would be kept in a Swiss…

Latest economic survey indicates further slowdown

This content was published on Feb 28, 2001 The monthly survey conducted by the Swiss Institute for Business Cycle Research showed that growth in new orders was slowing. But it found a modest rise in the number of firms planning higher materials purchases. An Institute economist said the slowdown might end by the middle of the year but added that further data would…

Government to push ahead with tax cuts

This content was published on Feb 28, 2001 The finance ministry said the aim was to improve and simplify the tax system and to boost Switzerland’s competitiveness for investors. The three-point plan foresees tax breaks for married couples and families, including benefits for childcare, and measures to reduce the costs of health premiums. The government is also planning changes for property owners. They…

Credit Suisse distances itself from Clinton speech

This content was published on Feb 28, 2001 A spokeswoman for Credit Suisse First Boston (CSFB), Victoria Harmon, said the bank had reduced its involvement in the conference, because of Clinton’s participation. She added, though, that CSFB would honour its financial commitment to the conference. The statement, on Wednesday, came after Clinton had addressed the meeting in New York. She declined to say…

Inflation falls to 20-month low

This content was published on Feb 28, 2001 Most economists had forecast an inflation rate of around 1.1 per cent. The Federal Statistics Office said clothing and heating oil prices were the main factors behind the slowdown. Winter sales pushed clothing and shoe prices down by 5.2 per cent, while heating oil prices were down more than eight per cent compared with January.…

Happy ending in sight for Xamax?

This content was published on Feb 27, 2001 Following the start of talks between the two parties in January, a rescue plan has now been formulated under which IMG would take a majority share in the struggling club. However the agreement will only come into force if Xamax fulfil two conditions. Firstly the side must avoid relegation to the Swiss second division (LNB).…

Workers at ADtranz have jobs secured

This content was published on Feb 27, 2001 At a news conference in Basel on Tuesday, ADtranz said that 585 of 714 workers had found new positions. It added that it would continue to seek a solution for the remaining 129 people whose jobs are to go at the Basel site. But redundancies haven’t been ruled out. ADtranz said the positive result followed…

Household electric goods fail to profit from economic boom

This content was published on Feb 27, 2001 Although the year started well for producers and suppliers of large appliances such as cookers, the sector failed to achieve its targets. In the small appliance sector, traditional market fluctuations remained strong. Figures released on Tuesday revealed another poor performance for sales of electric cookers after a negative 1999. Sales of dishwashers and washing machines…

Sabena deal heads for a bumpy ride

This content was published on Feb 27, 2001 Tuesday’s Financial Times says that Lufthansa, British Airways, SAS and KLM are planning a joint complaint to the European Commission about the cash injection by the company’s two shareholders, Switzerland’s SAirGroup and the Belgian government. The four companies are expected to argue that the Belgian government’s plans to pump around SFr150 million into Sabena may…

Banking & Fintech

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Banking & Fintech

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Roche profits take a leap but drugs sales remain weak

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Swiss moot new fiscal measures to defuse EU pressure over tax evasion

More

Latest economic survey indicates further slowdown

More

Government to push ahead with tax cuts

More

Credit Suisse distances itself from Clinton speech

More

Inflation falls to 20-month low

More

Happy ending in sight for Xamax?

More

Workers at ADtranz have jobs secured

More

Household electric goods fail to profit from economic boom

More

Sabena deal heads for a bumpy ride

Popular Stories

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