Banking & Fintech

Government boosts farmers’ income

This content was published on Jan 10, 2001 The cabinet announced the move on Wednesday, along with other measures to support organic farming. It also said the price of milk would not be reduced despite falling costs in the dairy industry. The measures were welcomed by farmers’ associations. Swiss milk producers said the government had met its most important demands and that “any…

Swiss Re sees claims fall

This content was published on Jan 10, 2001 In a preliminary report released on Wednesday, the company said it had had to pay out SFr17.7billion ($11 billion) last year. That is significantly less than in 1999, which was a record year for claims and Swiss Re had to pay out almost SFr50 billion ($31 billion). The company said that 17,000 people lost their…

Franke expands Asian operations

This content was published on Jan 10, 2001 The company is doubling capacity at its Chinese production site in Heshan City and is also opening a new factory in the Philippines. In a statement issued on Wednesday, the group said it would invest around SFr12.1 million ($7.5 million) in the Heshan City site. The number of employees will rise from 150 to 235.…

Switzerland builds world’s largest solar powered boat

This content was published on Jan 10, 2001 The catamaran MobiCat, which will be able to transport 200 passengers, is to play a central role in Switzerland’s national exhibition, Expo.02. On Tuesday, a special convoy transported one of the boat’s hulls, which measured 33 metres and weighed 18 tonnes, from Langenthal to Nidau. The mission was accomplished without any hitches, confirmed spokesman Sabastien…

Schaffner names new CEO

This content was published on Jan 10, 2001 Gantert will take over from Alex Oechslin who will remain a member of the board. The company also said that it would pay a gross dividend of SFr5 and net dividend of SFr3.25 a share on earnings for the year 1999/2000. Schaffner paid a gross dividend of SFr4 the previous year. The group disclosed in…

Holderbank cool as Lafarge cements top spot

This content was published on Jan 10, 2001 Holderbank’s fall from the top spot appears to have been sealed on Monday when the French group Lafarge, announced it was to buy the British company, Blue Circle Industries for SFr7.45 billion ($4.6 billion). If the merger goes through, the new company will dwarf Holderbank. The deal has been a long time coming and finally…

Retail sales slip

This content was published on Jan 9, 2001 The decline continued a downward trend that began in October. But the Federal Statistics Office said it believed sales had picked up towards the end of the year. “Positive reports on Christmas business lead one to expect a strong final spurt in retail sales in December 2000,” it said. The office said unseasonably warm weather…

One year on: cause of Crossair crash unknown

This content was published on Jan 9, 2001 The second preliminary report into the accident, released on Tuesday, did not shed any further light on what caused the crash of the Saab 340B, two minutes after it left Kloten airport for Dresden in Germany. Investigators only ruled out the possibility that a fire on board caused the plane to crash. The report came…

Huber and Suhner show record profits

This content was published on Jan 9, 2001 Turnover rose to a record SFr908 million ($565 million) on the back of a sharp upswing in communications technologies. Incoming orders increased by 39 per cent to more than SFr1 billion. No profit figures were released. Sales of data and signal communications technologies jumped more than 45 per cent as mobile phone and internet transmission…

Holderbank cool as Lafarge cements top spot

This content was published on Jan 9, 2001 Holderbank’s fall from the top spot appears to have been sealed on Monday when the French group Lafarge, announced it was to buy the British company, Blue Circle Industries for SFr7.45 billion ($4.6 billion). If the merger goes through, the new company will dwarf Holderbank. The deal has been a long time coming and finally…

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Banking & Fintech

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Government boosts farmers’ income

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Swiss Re sees claims fall

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Franke expands Asian operations

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Switzerland builds world’s largest solar powered boat

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Schaffner names new CEO

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Holderbank cool as Lafarge cements top spot

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Retail sales slip

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One year on: cause of Crossair crash unknown

More

Huber and Suhner show record profits

More

Holderbank cool as Lafarge cements top spot

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