Banking & Fintech

Economics minister on official visit to Spain

This content was published on Oct 23, 2000 Last year, Spain was Switzerland’s ninth largest trading partner, taking in Swiss exports worth SFr3.4 billion ($1.9 billion). This year trade has continued to grow; at the end of August Swiss exports to Spain had increased by 11.2 per cent, while imports from Spain were up by 17.3 per cent. “Spain has experienced rapid economic…

Swiss banks lead charge against dirty money

This content was published on Oct 23, 2000 A package of measures to combat money laundering will be announced at the beginning of next week. Switzerland’s largest bank, UBS, confirmed on Monday the 12 banks had agreed to further the fight against dubious funds. The measures are known as the “Wolfsberg guidelines”, after the UBS training centre in Switzerland where they were agreed…

Business week ahead

This content was published on Oct 22, 2000 The specialty chemicals group, Clariant, is coming through with sales figures for the first nine months of the year. All chemical companies are suffering from the high price of oil so analysts will be eager to see the results. They expect an increase of around five per cent year on year. Earnings will be released…

Vodafone and Deutsche Telekom vie for stake in Swisscom

This content was published on Oct 22, 2000 Vodafone has reportedly made the better offer so far. A spokesman for Swisscom, Christian Neuhaus, said the company has held talks with several bidders but he refused to comment on industry rumours. There has been speculation that a decision could come by the end of the month. A stake in Swisscom Mobile would allow either…

Crossair conflict deepens

This content was published on Oct 22, 2000 In the “SonntagsZeitung” newspaper, the head of SAirGroup, Philippe Bruggisser, said that further adjustments to the new collective contract were not being considered. SAirGroup has a majority stake in Crossair. At the beginning of the year, the Basel-based short-haul carrier suffered a loss of SFr6.1 million ($3.4 million). Bruggisser argued that, at present, “Crossair is…

The business week in review

This content was published on Oct 21, 2000 The new group, called Alcan, has revenues of SFr22 billion ($12.35 billion) in the aluminium and packaging industries. That makes it the world’s second-biggest aluminium producer behind Alcoa of the United States. The food giant, Nestlé, posted nine months sales figures of SFr59.5 billion, up 9.5 per cent year-on-year. Basel-based Ciba specialty chemicals said this…

OSEC faces up to new challenges

This content was published on Oct 21, 2000 Under its new head, Balz Hösly, OSEC is streamlining its bureaucracy and is aiming to become far more proactive in encouraging small and medium-sized businesses to plunge into the export market. Founded in 1927, the Swiss Office for Trade Promotion has faced criticism for being out of touch with the needs of the country’s business…

One Swiss company makes it into global top 20

This content was published on Oct 20, 2000 The private Bank Sarasin in Basel is included in the top 20, with its funds managed increasing by an average 25 per cent over the past three years and now totalling US$23 billion (nearly SFr41 billion). “Forbes Global” picked the top 200 out of a total of 20,000 small and medium-sized companies worldwide, with the…

New system to help ski resorts face uncertain future

This content was published on Oct 20, 2000 Many alpine areas depend on winter tourism for their survival. There are more than 40,000 groomed ski slopes in the Alps, covering about 1,000 square kilometres. They attract millions of skiers every year and more than 10,000 ski lifts and mountain railways have been built to accommodate them. But increasingly global warming is threatening the…

Roche plans new vitamin plant in Switzerland

This content was published on Oct 20, 2000 In a statement, Roche said the new facility, with an annual production capacity of 25,000 tonnes, would incorporate the latest technologies and production processes. It added that the project was part of a global plan aimed at upgrading production facilities to the latest technological standards and ensuring that manufacturing operations were located as strategically as…

Banking & Fintech

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Banking & Fintech

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Economics minister on official visit to Spain

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Swiss banks lead charge against dirty money

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Business week ahead

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Vodafone and Deutsche Telekom vie for stake in Swisscom

More

Crossair conflict deepens

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The business week in review

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OSEC faces up to new challenges

More

One Swiss company makes it into global top 20

More

New system to help ski resorts face uncertain future

More

Roche plans new vitamin plant in Switzerland

Popular Stories

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