Banking & Fintech

State pension funds given green light to seek better returns abroad

This content was published on Jan 31, 2001 The government said on Wednesday that a modification of the current law would come into force on February 1. The interior ministry said the move away from investments in Swiss stocks alone would bring more money into the fund, without having to take any more risks than at present. It added that up to 60…

Bankers support merger of financial regulatory bodies

This content was published on Jan 31, 2001 The proposal was made last November by a group of experts, led by Jean-Baptiste Zufferey of Fribourg University. They were appointed by the government to draw up a report on “Financial Market Supervision”, which is now in an official consultation procedure. In a statement on Wednesday, the Bankers Association said a merger of the Federal…

Davos forum celebrates 30 years

This content was published on Jan 31, 2001 The man behind the forum is Professor of Business Administration at Geneva University, Klaus Schwab. It was Schwab who took the initiative in 1970 to invite Europe’s top business leaders to discussions in the Swiss skiing resort of Davos. The success of that first meeting led to the establishment in 1971 of the European Management…

Government unveils plan to slash CO2 emissions by 2010

This content was published on Jan 30, 2001 Called Energy Switzerland, the programme aims to reduce emissions mainly through voluntary measures. However, regulations and a possible tax on CO2 emissions are also foreseen. Presenting the programme in Bern, the energy minister and this year’s president, Moritz Leuenberger, said Energy Switzerland should make an important contribution to sustainable energy provision. Other aims of the…

Swissair pilots warn on pay cuts

This content was published on Jan 30, 2001 The warning on Tuesday, from Aeropers president Marcus Joehl, came a day after SAirGroup chairman, Eric Honegger, said the company was considering opening Swissair up to partners or link it with a global alliance such as OneWorld. Joehl said in an article to be published in the union’s magazine next month that he remembered the…

Saurer sees sales soar

This content was published on Jan 30, 2001 The company said on Tuesday that the increase in sales could be mainly attributed to higher demand for its products in Asia, Europe and Latin America. In 1999, the group made a loss of SFr51.55 million. The best performing division was Saurer’s textile machinery business, which reported sales growth of 80 per cent to SFr1.66…

World leaders faced high-tech criticism in Davos

This content was published on Jan 30, 2001 For the first time, brief e-mail messages were relayed publicly to political and business leaders at the Forum in a special project called “Hello Mr President”. Messages, sent from around the world via Internet and SMS, were beamed by laser onto a 250-square metre stretch of snowbound mountainside above Davos for the five days of…

Nestlé boosts venture with Coca-Cola

This content was published on Jan 30, 2001 On top of the venture’s existing tea and coffee brands – Nestea and Nescafé – Coca-Cola is to add its Tian Yu Di and Yang Guan tea businesses while Nestlé will hand over control of its Belte tea business. These drinks are sold both hot and cold, through machines and retail outlets. A Nestlé spokesman…

Nostalgic races on Grindelwald slopes

This content was published on Jan 30, 2001 Entrants in the first event on February 4 will race specially made bicycles down the slopes. Instead of wheels, the “velogemel” has two metal runners on its wooden frame. It was first developed in 1912 by a local carpenter looking for a fast way to get to his customers on cold, winter days. Although plastic…

Tasty numbers at Lindt and Sprüngli

This content was published on Jan 30, 2001 Although chocolate consumption in Europe rose only slightly, the group continued to outperform the markets, the company said in a statement. Lindt and Sprüngli’s two US subsidiaries also both posted above average figures. The company explained that sales in all product groups such as chocolate bars, pralines and seasonal products, continued to rise. Easter sales…

Banking & Fintech

Popular Stories

Most Discussed

Banking & Fintech

More

State pension funds given green light to seek better returns abroad

More

Bankers support merger of financial regulatory bodies

More

Davos forum celebrates 30 years

More

Government unveils plan to slash CO2 emissions by 2010

More

Swissair pilots warn on pay cuts

More

Saurer sees sales soar

More

World leaders faced high-tech criticism in Davos

More

Nestlé boosts venture with Coca-Cola

More

Nostalgic races on Grindelwald slopes

More

Tasty numbers at Lindt and Sprüngli

Popular Stories

Most Discussed