Banking & Fintech

Switzerland moots export ban on meat and bone meal

This content was published on Nov 15, 2000 The Federal Veterinary Office told swissinfo that the issue of an export ban had been raised in the wake of plans to ban such feed in Switzerland. A moratorium on the use of meat and bone meal for cattle feed was imposed in 1990, and a similar ban for pigs and poultry is expected to…

Credit Suisse shows another big rise in net profits

This content was published on Nov 15, 2000 However, the results were lower than in the first and second quarters as the cost of the group’s takeover of US-based broker, Donaldson, Lufkin and Jenrette (DLJ) cut into profits. Credit Suisse Group recently bought DLJ in a share and cash deal valued at SFr21.5 billion ($12.1 billion). It repeated its warning on Wednesday that…

Economy expands at lower rate

This content was published on Nov 14, 2000 The study, by the Institute for Business Cycle Research (KOF) at the Federal Institute of Technology, said that despite the slowdown there was no reason to believe that Switzerland’s economy was about to enter negative waters. The quarterly survey of about 5,000 companies found exports slowing but still strong helped by a healthy global economy.…

Switzerland sells itself in Dubai

This content was published on Nov 14, 2000 “Swiss Horizons – Swiss Presence in the Gulf” opened in Dubai on Tuesday to the sound of alphorns and bell ringing. The three-day event is primarily concerned with promoting Swiss business in the region, but includes a host of cultural events to give visitors a flavour of Swiss life. Couchepin was accompanied at the opening…

Swiss lose their taste for beer

This content was published on Nov 14, 2000 The latest figures for 1999/2000, released on Tuesday, show that annual beer consumption has fallen by 12 litres per person since 1990, when the average Swiss gulped down 71 litres a year. The news is not all bad for domestic breweries, though. Sales of beers produced in Switzerland rose by one per cent, while imports…

Crealogix sees net profit slip

This content was published on Nov 14, 2000 The decline in net profit came despite a rise in sales. Turnover was up 34 per cent at SFr6.54 million. Crealogix said net profit was hit by the cost of September’s flotation on the Swiss stock exchange’s New Market. The company said it would now redouble its efforts to win new business and said this…

Bitter-sweet results for Barry Callebaut

This content was published on Nov 14, 2000 The Zurich-based company said in a statement that its net income for the year was SFr90 million ($50.9 million) compared with SFr100 million for the previous year. Operating income rose 14 per cent to SFr149 million while sales were up seven per cent to SFr2.4 billion. The net income figure was in line with analysts’…

Pressure increases for gene technology moratorium

This content was published on Nov 14, 2000 They said the BSE crisis should serve as a lesson about the dangers of tampering with natural farming methods. Outlining their opposition to gene technology at a press conference in Bern on Tuesday, environmental, consumer and animal rights groups said Swiss farming was suffering from a major credibility problem in the wake of the crisis…

Syngenta makes rocky stock market debut

This content was published on Nov 13, 2000 After being launched on the Swiss bourse at an opening price of SFr85 per share, it dropped more than 12 per cent during the day to a low of SFr74, and eventually closed trading on Switzerland’s SWX market at SFr79.50. Analysts said the plunge was surprising, expecially given that the launch price had already been…

Swiss mobile phone licence auction postponed

This content was published on Nov 13, 2000 A spokesman for the federal communications office, which organised the auction of the Universal Mobile Telecommunications System (UMTS) licences, made the announcement of a postponement at a news conference in Bern. The head of the office, Marc Furrer, said the merger decision late on Sunday by two of the remaining five bidders, Sunrise and diAx,…

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Banking & Fintech

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Switzerland moots export ban on meat and bone meal

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Credit Suisse shows another big rise in net profits

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Economy expands at lower rate

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Switzerland sells itself in Dubai

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Swiss lose their taste for beer

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Crealogix sees net profit slip

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Bitter-sweet results for Barry Callebaut

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Pressure increases for gene technology moratorium

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Syngenta makes rocky stock market debut

More

Swiss mobile phone licence auction postponed

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