Banking & Fintech Archives - Page 1461 of 1641

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Swiss Holocaust fund approves final payments to victims

This content was published on Dec 15, 2000 The SFr 3.39 million ($1.97 million) award to 4,671 Holocaust survivors brings to and end the processing of claims to the fund. In a statement, the fund’s executive board said the money contributed by Swiss companies, commercial banks and the central bank had been awarded so far to some 307,000 people. The latest allocations will…

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The fall-out from Chernobyl is still being felt

This content was published on Dec 15, 2000 On the night of the explosion, radiation over 100 times higher than that caused by the two atomic bombs dropped on Hiroshima and Nagasaki was released into the atmosphere. It sent a radioactive plume across wide areas of Europe. “It was a unique event in human history, and I must stress, we cannot afford to…

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Swiss economy looks forward to strong growth

This content was published on Dec 14, 2000 The report, released in Paris on Thursday, says Switzerland’s economic growth in 2000 will be the strongest for 10 years “and is likely to be followed by robust activity in 2001 and 2002”. However, it warns: “Against the background of lacklustre growth in total factor productivity in the 1990s[,] estimates of Switzerland’s longer-term potential growth…

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Bush victory fails to impress Swiss markets

This content was published on Dec 14, 2000 Republicans are traditionally seen as the party of big business, and with a welter of Swiss firms doing business in the US, the election result was always going to have an impact on balance sheets in Switzerland. But Andreus Huffert, an economist at Warburg Dillon Reed, told swissinfo that Swiss businesses with US interests were…

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OECD warns Central bank to restrain surging currency

This content was published on Dec 14, 2000 In its annual report, published on Thursday, the OECD said Switzerland’s present monetary policy could lead to the franc gaining too much ground against the single European currency. “The present monetary policy stance being broadly appropriate to produce balanced growth, the Swiss National Bank should guard against triggering too sharp an appreciation against the euro.”…

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Swiss economy faces better future

This content was published on Dec 14, 2000 The report, released in Paris on Thursday, says Switzerland’s economic growth in 2000 will be the strongest for 10 years “and is likely to be followed by robust activity in 2001 and 2002”. However, it warns: “Against the background of lacklustre growth in total factor productivity in the 1990s[,] estimates of Switzerland’s longer-term potential growth…

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Crossair warns of no profit for 2000

This content was published on Dec 14, 2000 “After overall disappointing results in November, we can now no longer expect a positive result for 2000,” the company said in a statement on Thursday. Higher fuel prices have been affecting profits throughout the airline industry. The airline said that high fuel prices and the dollar’s advance to a 14-year high against the Swiss franc…

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Jelmoli ups stake in real estate

This content was published on Dec 14, 2000 The purchase will take effect from the start of 2001, and Jelmoli will take complete control of Tivona’s share capital in mid-2003, via a merger. Jelmoli, better known for running Zurich’s premier department store of the same name, said in a statement that it expected rental income from its real estate activities to double over…

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Electricity market to be liberalised

This content was published on Dec 13, 2000 The new law is in line with the government’s policy of bringing Swiss legislation into line with that of the European Union. Under the bill, consumers will be able to choose their electricity supplier within six years of the legislation being put into effect. Utilities will also be able to shop around for cheaper electricity.…

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Geneva paves way for Swiss maternity benefits

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Swiss Holocaust fund approves final payments to victims

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The fall-out from Chernobyl is still being felt

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Swiss economy looks forward to strong growth

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Bush victory fails to impress Swiss markets

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OECD warns Central bank to restrain surging currency

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Swiss economy faces better future

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Crossair warns of no profit for 2000

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Jelmoli ups stake in real estate

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Electricity market to be liberalised

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