Banking & Fintech

Mikron group makes major acquisitions

This content was published on Oct 30, 2000 It announced on Monday it is to take over the Axxicon group of the Netherlands, which has annual sales of SFr130 million ($71.43 million). In a statement, Mikron said that Axxicon was a leading supplier in the production of injection moulds, a rapidly growing key market in international plastics processing. Mikron also said it intended…

Credit Suisse announces pay rises

This content was published on Oct 30, 2000 A statement from Credit Suisse on Monday said an agreement had been reached between representatives of the management and staff. The increases are subject to the Agreement on Conditions of Employment for Bank Staff for individual and performance-related pay rises. Under the terms of the accord, there will be a 3.5 per cent increase for…

Business outlook

This content was published on Oct 29, 2000 The foreign exchange markets will be watching the Swiss franc closely in the next few days, following its fall to a 14-year low against the dollar last week. Dragging down the franc is the single European currency, which plumbed new depths against the US dollar. Speculators are betting that the European Central Bank will refrain…

Villiger begins Central Asia tour

This content was published on Oct 29, 2000 The 10-member delegation is due first in the Caucasus republic of Azerbaijan. From there visits are planned to Turkmenistan, Uzbekistan, Tajikistan and Kyrgyzstan. The finance ministry said one of the aims of the visit was to develop closer relations with the countries, which Switzerland represents at the World Bank and International Monetary Fund. Switzerland also…

“Too rich” community cuts taxes to stop collecting cash

This content was published on Oct 28, 2000 The cantonal and local authorities set the level of taxes in Switzerland. Individual communities can set their taxes lower than the cantonal level if they wish, and Freienbach’s tax rate was set at 85 per cent of the canton Schwyz base. But that still meant the community managed to accumulate a capital of SFr66 million,…

The week in Switzerland

This content was published on Oct 28, 2000 The cabinet decided on Wednesday to extend the mandate of its troops in Kosovo by another year. The Swiss mission will now remain in the Yugoslav province until the end of 2001. The decision came a day after talks in Berne between the president, Adolf Ogi, and the Austrian defence minister, Herbert Scheibner. The Swiss…

The business week in review

This content was published on Oct 28, 2000 Goran Lindahl, head of the Swiss-Swedish technology group, ABB, said he would be stepping down at the end of the year. After four years at the helm, he said it was time to hand over to a younger man to complete the task of transforming ABB into a technology-based group. His replacement is a 48-year-old…

A Swiss bridge between “Helvetistan” and the world’s financial institutions

This content was published on Oct 28, 2000 The Swiss chair a group of five Central Asian nations within the International Monetary Fund and the World Bank. The group, made up of Azerbaijan, Turkmenistan, Uzbekistan, Tajikistan and Kirgystan, is known as “Helvetistan”, after “Helvetia”, the Latin name for Switzerland. The group also includes Poland, which is further along the road to political and…

The open road from Geneva to Schaffhausen

This content was published on Oct 28, 2000 The opening of the final section of the A4, between Andelfingen and Henggart, means travellers crossing the country no longer have to leave the main highway at any point. The transport ministry has also announced plans to widen the main route from Winterthur to Schaffhausen from two lanes two four. However, a spokesman said this…

Market pressure puts paid to Sulzer merger

This content was published on Oct 27, 2000 Sulzer, which already owns 74 per cent of Sulzer Medica, announced the planned merger last month. The Winterthur-based company said the tie-up would eliminate a costly and complicated dual structure. But Sulzer said it was now taking note of a lack of investor confidence in the proposals. It said it was now clear that the…

Banking & Fintech

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Banking & Fintech

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Mikron group makes major acquisitions

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Credit Suisse announces pay rises

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Business outlook

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Villiger begins Central Asia tour

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“Too rich” community cuts taxes to stop collecting cash

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The week in Switzerland

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The business week in review

More

A Swiss bridge between “Helvetistan” and the world’s financial institutions

More

The open road from Geneva to Schaffhausen

More

Market pressure puts paid to Sulzer merger

Popular Stories

Most Discussed