Banking & Fintech Archives - Page 1447 of 1641

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Defence ministry orders plutonium tests for NATO ammunition

This content was published on Jan 18, 2001 Samuel Schmid, the defence minister, ordered the government’s weapons laboratory in the town of Spiez to conduct the tests following a report from Zurich’s Federal Institute of Technology, which suggested that plutonium might be present in DU weapons. NATO used the ammunition in the Balkans to destroy Serb tanks. Earlier this month, its use became…

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Richemont sales growth slows

This content was published on Jan 18, 2001 The fiscal third-quarter includes the key Christmas season for Richemont, which owns prestigious brands such as Cartier, Montblanc and Alfred Dunhill. The company said 1999’s third quarter sales had been particularly strong because of the run-up to the millennium celebrations. “The growth of 21 per cent was very much in line with our expectations and…

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Swiss banks implicated in Italian money laundering scandal

This content was published on Jan 18, 2001 So far, the Italian police have arrested ten people and premises in Switzerland have been searched. Financial institutions in Zurich, Geneva and Lugano are believed to have been involved in the money laundering before the end of 1999. The affair involves an entrepreneur from Naples who ran an import-export company, Italgrani, dealing in cereals. Using…

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Bankruptcies fall again in 2000

This content was published on Jan 17, 2001 The Creditreform organisation of St Gallen, which defends the interests of creditors, says 8,313 cases were recorded last year. The number of companies going bankrupt went down by 8.4 per cent to 3,842 but the number of private individuals falling into financial difficulties rose by 4.1 per cent to 4,471. Creditreform said on Wednesday that…

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British group creates jobs in Biel

This content was published on Jan 17, 2001 Ecom will invest about SFr100 million ($61 million) in the centre, which will offer a range of services to multinational companies and financial institutions. The mayor of Biel, Hans Stöckli, said the arrival of Ecom would strengthen the town’s reputation in the communications sector. Biel is also home to the Federal Communications Office and has…

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Swiss franc holds its own against big currencies

This content was published on Jan 17, 2001 Gehrig was speaking to the Swiss-American Chamber of Commerce in Zurich. “Two years of experience with the euro has taught us that living as a dwarf moving among giants is a reasonable strategy,” he said. “It has allowed us to implement our own policy and at the same time to retain our traditional interest rate…

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Sauber banking on success with Credit Suisse

This content was published on Jan 17, 2001 The exact financial details have not been revealed but a Credit Suisse spokesman said the deal would involve several million Swiss francs. The bank will be one of three major sponsors, alongside the drink manufacturer Red Bull and the Petronas oil company. Team leader Peter Sauber expressed his excitement about the deal in a statement…

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Italian entrepreneur prepares to take over Neuchâtel Xamax

This content was published on Jan 17, 2001 In a deal due to be signed on Thursday in Bologna, Bonora will inject SFr850,000 into the club for a trial period running to the end of the season on June 30. If he is satisfied with Xamax’s results on the field over this period, he will then make a further SFr400,000 available to secure…

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Italian entrepreneur prepares to take over Neuchâtel Xamax

This content was published on Jan 17, 2001 In a deal due to be signed on Thursday in Bologna, Bonora will inject SFr850,000 into the club for a trial period running to the end of the season on June 30. If he is satisfied with Xamax’s results on the field over this period, he will then make a further SFr400,000 available to secure…

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Sulzer orders head up

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Defence ministry orders plutonium tests for NATO ammunition

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Richemont sales growth slows

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Swiss banks implicated in Italian money laundering scandal

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Bankruptcies fall again in 2000

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British group creates jobs in Biel

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Swiss franc holds its own against big currencies

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Sauber banking on success with Credit Suisse

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Italian entrepreneur prepares to take over Neuchâtel Xamax

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Italian entrepreneur prepares to take over Neuchâtel Xamax

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