Banking & Fintech

Swiss Re seeks big savings in online trading

This content was published on Dec 19, 2000 The new market, known as Inreon, is being launched together with Internet Capital Group, a US-based Internet holding company, and Andersen Consulting. The London-based venture will provide insurance companies, brokers and professional reinsurers with transaction capabilities for standardised reinsurance covers. Both Munich and Swiss Re hope the venture will lead to substantial savings. Inreon is…

Bon appétit group passes Passaggio to Benetton

This content was published on Dec 19, 2000 Under the terms of the deal, announced on Tuesday, Autogrill will pay cash for Passaggio, which is Switzerland’s leading travel catering firm. The sale price is equivalent to Passagio’s annual turnover of SFr252 million. Bon Appétit said the sell off was in line with its plans to concentrate on developing its retail activities in Switzerland…

Statistics show no sign of economic slowdown

This content was published on Dec 19, 2000 The authorities said the number of jobless officially rose slightly last month to 1.8 per cent (up 0.1 per cent), but only because fewer staff are needed in the hotel and restaurant and construction industries at this time of year. If these seasonal factors are excluded, the unemployment rate actually fell by about 2.2 per…

Green light for diAx/Sunrise merger

This content was published on Dec 19, 2000 The commission said on Tuesday it had taken a detailed look at the proposed merger and concluded that it did not represent a danger to competition in Switzerland. It said in a statement that the two companies would only have significant market share in the provision of Internet services. It added that since this is…

Crossair plane slides off runway in Dresden

This content was published on Dec 19, 2000 A Crossair spokesman in Basel said the Saab 2000, with 18 people and four crew members on board, applied its brakes while cruising down the runway at 140 kilometres per hour. The plane, which was due to fly from Dresden to Zurich, went off the runway, and hit a lighting beacon. The runway was blocked…

Salary increases to hit 10-year high

This content was published on Dec 18, 2000 The figures, released by the Swiss Economics Ministry, constitute a increase of about three per cent over the previous year. The ministry says average household income should rise by around five per cent when tax discounts and other savings are taken into account. Trade unions have welcomed the boost in salaries but say that there…

Swiss alpine hamlet sold

This content was published on Dec 18, 2000 The small settlement, which was once a high mountain pasture, belonged to a family from Lucerne, who has spent the past decade looking for a buyer. The original asking price for the hamlet was SFr4.5 million but the family finally sold it for just over SFr1 million. The hamlet sits on 8.5 hectares of land…

Booming summer takes pressure off tourism operators

This content was published on Dec 18, 2000 The latest figures, released by the federal statistics office on Monday, are welcome news for tourist operators who fear that unseasonably warm weather this winter could dent visitor numbers. The number of overnight stays during the summer rose by 823,000 over 1999, an increase of 4.5 per cent. The biggest rises were recorded in central…

Swiss franc gains ground against the dollar

This content was published on Dec 18, 2000 The dollar has fallen from 14-year highs against the franc over concerns that the slowdown in the US economy could turn into a full-blown recession. Recent volatility on the tech-heavy Nasdaq and Dow Jones stock markets, as well as speculation of a US interest rate cut to fuel growth is weighing on the dollar. Financial…

Business outlook

This content was published on Dec 17, 2000 Trading volume will be thin on the SMI and the index is likely to remain in a narrow trading range between 7900 and 8100. There were some hopes that the SMI might stage a final year-end push after the United States presidential election was finally settled but a clutch of profit warnings from blue chip…

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Banking & Fintech

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Swiss Re seeks big savings in online trading

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Bon appétit group passes Passaggio to Benetton

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Statistics show no sign of economic slowdown

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Green light for diAx/Sunrise merger

More

Crossair plane slides off runway in Dresden

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Salary increases to hit 10-year high

More

Swiss alpine hamlet sold

More

Booming summer takes pressure off tourism operators

More

Swiss franc gains ground against the dollar

More

Business outlook

Popular Stories

Most Discussed