Banking & Fintech

Government seeks to restore confidence in Swiss beef

This content was published on Feb 14, 2001 The economics minister, Pascal Couchepin, said on Wednesday that loss of consumer confidence had led to a 30 per cent drop in revenue for beef farmers. He said the government had decided to invest up to SFr2 million ($1.2 million) in a campaign to improve the public perception of beef and increase awareness of the…

A tough act to follow – St Moritz prepares for 2003

This content was published on Feb 14, 2001 Nearly 100 members of the St Moritz organising committee have returned from the St Anton championships with notepads full of lessons learned during the fortnight in Austria. Many of those who attended the St Anton championships might think that the Swiss resort will have a difficult time following on from such a generally successful tournament.…

Swiss find minute traces of plutonium in Balkan weapons

This content was published on Feb 14, 2001 The radio said the findings of the laboratory in Spiez confirmed the results of a separate German investigation, which found no traces of highly toxic plutonium in Nato ammunition used during the Balkan conflicts. “It is already clear that only extremely small – if any – traces of plutonium were found in the shells and…

Government agrees framework budget for 2002

This content was published on Feb 14, 2001 The GDP forecast is higher than the 1.6 per cent predicted by the Swiss National Bank in December but below the two per cent forecast made by the Organisation for Economic Cooperation and Development. The details of the 2002 budget are due to be published in April. The Finance Ministry also said it was pleased…

Government wants better protection for small savers

This content was published on Feb 14, 2001 Under the proposed legislation, people with savings of up to SFr5,000 ($3,000) would be reimbursed as quickly as possible in case an institution failed. Those with deposits of up to SFr30,000 should receive their money within three months. The government also wants the Federal Banking Commission to approve an obligatory guarantee of reimbursement. The proposed…

Swiss sweet tooth sends chocolate sales soaring

This content was published on Feb 14, 2001 The industry’s association, Chocosuisse, said on Wednesday that total sales volume for Switzerland’s 17 chocolate factories reached a record level of 138,373 tonnes last year. However, pressure on prices meant that turnover for the year rose by only 0.3 per cent. Domestic brands are also successfully defending their market share against imports, which accounted for…

Shares dive at ABB after 2000 results

This content was published on Feb 14, 2001 In the past 12 months ABB’s shares have fallen some 21 per cent, under-performing the broader Swiss market by 30 per cent. Its rivals, such as United States groups, General Electric and Ingersoll Rand, have done much better – their shares have improved between two to three per cent over the same period. Dealers were…

Valentine’s Day stirs affections of lovers and florists alike

This content was published on Feb 14, 2001 “Valentine’s Day has become the most important day for the flower business in Switzerland,” says Res Lehnherr, boss of Fleurop-Interflora Switzerland. “Last year was the first time that turnover was bigger than on Mother’s Day.” Fleurop-Interflora chalked up sales of close to SFr80 million ($48 million) from February 12 to 14 last year. Lehnherr says…

Claudia Cardinale presents Farinet award in vineyard

This content was published on Feb 13, 2001 In several respects, the award – worth SFr20,000 ($12,000) – is an unusual one. Presented every year to worthy causes, it is named after a Swiss folk hero and maker of counterfeit money who was shot dead by police in still controversial circumstances in 1880. Farinet, often compared with Robin Hood, distributed his ill-gotten gains…

SAirGroup warns of major shake-up ahead

This content was published on Feb 13, 2001 The warning of a “huge challenge” for all staff as the company redefines its corporate strategy was made by the SAirGroup’s chief personnel officer, Matthias Mölleney. Writing in this month’s SAirGroup staff newspaper, Mölleney was reacting to the departure of group chief executive Philippe Bruggisser on January 23. A statement issued at the time said…

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Banking & Fintech

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Government seeks to restore confidence in Swiss beef

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A tough act to follow – St Moritz prepares for 2003

More

Swiss find minute traces of plutonium in Balkan weapons

More

Government agrees framework budget for 2002

More

Government wants better protection for small savers

More

Swiss sweet tooth sends chocolate sales soaring

More

Shares dive at ABB after 2000 results

More

Valentine’s Day stirs affections of lovers and florists alike

More

Claudia Cardinale presents Farinet award in vineyard

More

SAirGroup warns of major shake-up ahead

Popular Stories

Most Discussed