Banking & Fintech

Brunei seeks Swiss financial know-how

This content was published on Feb 10, 2001 Couchepin became Switzerland’s first minister ever to visit Brunei during his trip on Saturday. He was due to return to Singapore on Sunday, where he has been conducting “exploratory talks” on a free trade agreement between the Asian city-state and the European Free Trade Association (EFTA). At a meeting with Brunei’s industry minister, Abdul Rahman…

Sell-off of Swissair “unthinkable” says carrier chief

This content was published on Feb 10, 2001 In January, Honegger took over as the interim chief executive of SAirGroup after Philippe Bruggisser stepped down. SAirGroup, which has called a halt to all new investment and acquisitions in the airline industry, underwent a major shake up following Bruggisser’s departure. On Saturday, Honegger told the Swiss media that SAirGroup rests on two pillars: its…

Airline executives hope to keep Qualiflyer alliance alive

This content was published on Feb 9, 2001 The announcement comes as SAirGroup faces tough decisions over its relationships with its partner airlines worldwide. Following a meeting in Zurich on Friday, executives from the Qualiflyer member airlines, said they “recognised the group’s value for their clients, as well as for the carriers themselves”. The group also announced that its members plan to “reinforce…

Business Outlook

This content was published on Feb 9, 2001 The life sciences giant, Novartis, is due on Thursday to release its results for 2000. Analysts are forecasting net profit of SFr6.9 billion ($4.1 billion). Novartis remains the subject of discussions about possible mergers and acquisitions. Its chief executive, Daniel Vasella, said recently that he wanted the company to be bigger. He said power in…

Boston bridge links engineering with art

This content was published on Feb 9, 2001 Designer Christian Menn conceived the bridge as a symbolic landmark linking Boston’s future with its historic past. His intention was that it should reflect, with its inverted Y-shaped towers, the shape of the Bunker Hill monument in nearby Charlestown. Scheduled for completion in 2004, it will be open to traffic before then as each stage…

The business week in Switzerland

This content was published on Feb 9, 2001 Sabena’s future still hangs in the balance after SAirGroup and the carrier’s other shareholder, the Belgian government, postponed a decision on a rescue plan for the ailing company. Sabena’s co-owners will meet again in two weeks to decide the carrier’s fate. Meanwhile, Sabena will continue to operate normally and talks between unions and management will…

Campaign seeks to stop use of St Bernards for meat in China

This content was published on Feb 9, 2001 Eleonore Moser, a Geneva-based animal rights campaigner, collected 11,000 signatures from St Bernard breeders and owners all over the world to raise awareness of the treatment of these quintessentially Swiss animals. Moser wants Bern to put pressure on the Chinese government to shed light on the practices in breeding centres that intensively rear St Bernards…

Lausanne firm pushes back boundaries of virtual architecture

This content was published on Feb 9, 2001 The award-winning company was formed in 1997 by two architects, Christophe Guignard and Patrick Keller, and a telecom engineer, Stéphane Carion. “Alternet Fabric is a confluence between architecture, art and technology. We try to use these difference approaches to the same object in our projects,” says Guignard. The architects, engineers, graphic designers and computer graphics…

Switzerland launches free trade talks with Singapore

This content was published on Feb 9, 2001 Couchepin and Singapore’s trade and industry minister, George Yeo, formally announced the beginning of “exploratory talks” at a meeting on Friday. Singapore is seeking an accord to boost exchanges with Europe and to reduce its dependence on the United States, which still takes most of its exports. The downturn in the US economy is likely…

Swiss bank loses role as Russian government adviser

This content was published on Feb 9, 2001 Russia’s Federal Property Fund appointed CSFB last year to advise on the sale of a six per cent stake in Lukoil. The sale would leave the government with a residual eight per cent stake in the company. But Dmitry Mazepin, the Fund’s deputy head, said the Russian government had decided to sack CSFB because it…

Banking & Fintech

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Banking & Fintech

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Brunei seeks Swiss financial know-how

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Sell-off of Swissair “unthinkable” says carrier chief

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Airline executives hope to keep Qualiflyer alliance alive

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Business Outlook

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Boston bridge links engineering with art

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The business week in Switzerland

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Campaign seeks to stop use of St Bernards for meat in China

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Lausanne firm pushes back boundaries of virtual architecture

More

Switzerland launches free trade talks with Singapore

More

Swiss bank loses role as Russian government adviser

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