Banking & Fintech

SIG announces majority sale of small arms division

This content was published on Oct 4, 2000 SIG said that the buyers – said to be “successful” in the textile industry in Germany – had acquired the pistols, hunting rifles and barrel manufacturing sectors from the small arms division. The company’s chief executive, Roman Boutellier, told a news conference in Zurich on Wednesday that he was pleased that a majority of jobs…

Central bank boss confident inflation is under control

This content was published on Oct 3, 2000 In an interview with the “Schweizer Illustrierte” weekly magazine, Meyer was asked if rates had peaked. “I would be surprised if we were far away,” he said. “We don’t enjoy high interest rates but we have to guarantee overall economic stability”. The National Bank has pushed up interest rates by around 175 basis points so…

Swiss consumers dig deeper into pockets

This content was published on Oct 3, 2000 With inflation taken into consideration, the increase was 1.6 per cent, according to figures released on Tuesday by the Federal Statistical Office. The Office said sales developed quite differently in the main product groups. They went up nominally by 4.5 per cent (2.3 per cent in real terms) for food, drinks and tobacco, but fell…

Rivella takes control of soft drink dispensers

This content was published on Oct 3, 2000 Rivella said the move would strengthen its position in the fruit juice sector. The two companies agreed that they would not release financial details of the transaction. Fruchthof has for many years had the licence rights of the Vitality Foodservice company in Florida, which makes automatic dispensers and fruit juice concentrates. A statement said that…

Nuclear power wins reprieve from government

This content was published on Oct 2, 2000 The government defended its decision on both commercial and environmental grounds. It said that phasing out nuclear power would damage the economy by pushing up the cost of energy. It added that it would also make it more difficult for Switzerland to reduce emissions of greenhouse gases to levels agreed at the Kyoto environmental summit.…

GaultMillau names Chef of the Year

This content was published on Oct 2, 2000 On Monday the guide announced that its 2001 edition had bestowed the title on Martin Dalsass, of the Ristorante Santabbondio in Lugano-Sorengo. His “virtuosity” with olive oil was singled out for praise. Forty four-year old Dalsass has been running “Santabbondio” for the past 15 years with his wife Lorena. The chef’s specialities include fresh trout,…

Leading stock market index gets overhaul

This content was published on Oct 2, 2000 The index, considered to give the pulse of the Swiss stock market, will be given a new look with the integration of companies that are typical of the “new economy”. Among them are the digital technology group Kudelski, based near Lausanne, and the Geneva-based biotechnology group Serono, which is the world leader in hormone treatment…

Soaring health costs tighten squeeze on consumers

This content was published on Oct 2, 2000 The seven per cent rise is almost double last year’s increase of 3.8 per cent and is likely to spark renewed criticism that Switzerland’s health costs are spiralling out of control. At a press conference in Lausanne, the Association of Swiss Health Insurers said it was merely passing on its costs to consumers. It said…

Electric performance for Esec

This content was published on Oct 2, 2000 The company, which makes assembly equipment for the semi-conductor industry, performed well despite hiccups in the market for microchips. Esec’s turnover reached SFr318.3 million in the first six months, up from SFr186 million during the same period last year. Net profits rose to SFr84.5 million from SFr4.6 million. Esec’s performance exceeded the expectations of analysts,…

Government aims to slash stamp duty

This content was published on Oct 2, 2000 It proposed on Monday that parliament vote on a series of urgent measures in December that would result in a loss of some SFr500 million ($290.7 million) to the federal coffers. In particular, the government wants to abolish stamp duty on turnover for certain institutional investors – public administrations, investment funds, life insurers and pension…

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Banking & Fintech

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SIG announces majority sale of small arms division

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Central bank boss confident inflation is under control

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Swiss consumers dig deeper into pockets

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Rivella takes control of soft drink dispensers

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Nuclear power wins reprieve from government

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GaultMillau names Chef of the Year

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Leading stock market index gets overhaul

More

Soaring health costs tighten squeeze on consumers

More

Electric performance for Esec

More

Government aims to slash stamp duty

Popular Stories

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