Banking & Fintech

Canadian broadcaster criticised for film about Swiss plane crash

This content was published on Oct 18, 2000 “Blessed Stranger” is a fictionalised account of a friendship which develops between a local fisherman and a wealthy American woman whose teenage daughter was one of the victims of the crash off the coast of Halifax, Nova Scotia. CTV describes the film as “the moving story of two strangers brought together by tragedy” after the…

Mövenpick buying back shares

This content was published on Oct 18, 2000 Mövenpick also announced on Wednesday that it would ask shareholders at the next general meeting in 2001 to approve a reduction in its capital by the amount of shares repurchased. The move will increase the value of shares held by investors in the company. The group said the buyback would be conducted via a public…

Read more: Mövenpick buying back shares

Chemical industry assumes responsibility for Bonfol clearance

This content was published on Oct 17, 2000 An agreement between Basel Chemical Industries, which owns the site at Bonfol, near the French border, and the cantonal authorities was signed on Tuesday. But the details of how the site will be cleaned up are still far from clear. Bonfol stopped receiving waste in 1976 after a 15-year period of service. It contains around…

Underground rail system offers eco-friendly alternative

This content was published on Oct 17, 2000 One of the three studies carried out under a Swiss national research programme found that a Europe-wide underground railway would be at least five times more environmentally friendly than medium-haul air traffic. It said it would also use half as much energy as current high-speed rail networks such as Germany’s ICE or the French TGV.…

Sales climb 10 per cent at Roche

This content was published on Oct 17, 2000 However, this improvement was achieved only after fragrance and flavours unit Givaudan, which was spun off in June, was stripped out of the 1999 figure of SFr20.6 billion. This was restated at SFr18.5 billion. Roche repeated forecasts of an increase in full-year net profit of 10 per cent. This figure excludes special income from the…

The man behind the picture postcards of Lucerne

This content was published on Oct 17, 2000 Sipping a large café au lait on the Rathausquai, I take a last chance to go over a few of the countless articles about Kurt Illi, who many Swiss consider to be as much a city monument as Lucerne’s Chapel Bridge or Water Tower. Mist hangs over the city on the morning we meet. Illi…

Credit Suisse expands in Britain

This content was published on Oct 17, 2000 Credit Suisse said the deal would further strengthen Credit Suisse Private Banking’s (CSPB) global position in private banking. Both JO Hambro and Credit Suisse have agreed not to reveal the purchase price. JO Hambro will retain its name and current location and operate as an autonomous unit under the umbrella of CSPB. JO Hambro is…

Swisscom cuts interconnection rates

This content was published on Oct 17, 2000 The move follows the introduction of the new Long-Run Incremental Cost (LRIC) calculation method, which came into force this year. Swisscom said the reduction brings its rates into line with the European average and represented a “fair, transparent and consistent implementation of the regulatory requirements”. Swisscom’s latest move opens the way for more price competitiveness…

Ciba sees double-digit growth

This content was published on Oct 17, 2000 The company reported on Tuesday that net profit rose to SFr329 million ($185 million). The strong earnings came on sales of nearly SFr6 billion, an increase of 12 per cent in Swiss francs and five per cent in local currencies. The company said in a statement that sales increased in all divisions and in all…

Novartis sells FLINT range to Germany’s Bayer

This content was published on Oct 17, 2000 The sale to the German group includes production facilities in Muttenz, Switzerland, as well as all associated intellectual property rights, product trademarks, registrations and know-how. The sale was ordered by regulators in order to gain approval for the merger of Novartis Agribusiness with Zeneca Agrochemicals. The two companies will form a new crop protection group,…

Banking & Fintech

Popular Stories

Most Discussed

Banking & Fintech

More

Canadian broadcaster criticised for film about Swiss plane crash

More

Mövenpick buying back shares

More

Chemical industry assumes responsibility for Bonfol clearance

More

Underground rail system offers eco-friendly alternative

More

Sales climb 10 per cent at Roche

More

The man behind the picture postcards of Lucerne

More

Credit Suisse expands in Britain

More

Swisscom cuts interconnection rates

More

Ciba sees double-digit growth

More

Novartis sells FLINT range to Germany’s Bayer

Popular Stories

Most Discussed