Banking & Fintech

More gold to go on sale

This content was published on Sep 27, 2000 The sale is part of a coordinated move by 15 European Central Banks and conforms to the government’s new currency and payments law which came into effect on May 1. By the end of this month, the SNB will have already sold around 120 tonnes of gold. Over the next few years, the central bank…

Swiss Life surprises with profit jump

This content was published on Sep 27, 2000 Gross premium income grew by 18 per cent to SFr11 billion. Analysts had expected earnings to rise by around 46 per cent. Swiss Life cited capital investments, operational improvements and successful acquisitions as reasons for the performance. Rene Locher at Bank Sarasin said the numbers were very good, although he added there had been a…

Swiss businesses ponder software updates

This content was published on Sep 27, 2000 Switzerland is among the countries with the highest level of investment in new or upgraded software applications. Software producers find the Orbit fair, which exclusively targets business customers for the first time this year, an easy sell. When it comes to replacing software with newer, improved versions, the Swiss market is hard to beat. Not…

Investigators still do not know cause of fatal helicopter crash

This content was published on Sep 27, 2000 An official from the Swiss Office for Aircraft Accident Investigations said on Wednesday preliminary investigations are still under way and the reasons behind the accident, the worst of its type in Switzerland, remained unclear. Pilot error has not been ruled out, despite earlier reports to the contrary. He said they were now trying to get…

Indian tourists a growing and welcome market

This content was published on Sep 27, 2000 Over the past five years, the number of Indian tourists to Switzerland has grown by about 15 to 20 per cent on average every year. The trend even seems to be accelerating. About 25 per cent more Indians came to Switzerland in 1998 than in the previous year, and there were about 30 per cent…

Switzerland and China sign WTO agreement

This content was published on Sep 26, 2000 The Swiss economics minister, Pascal Couchepin, and China’s deputy trade minister, Long Yongtu signed the accord on Tuesday at the WTO headquarters in Geneva. “We have not made any major concessions, although we’ve shown a great deal of flexibility throught the negotiations,” Couchepin told swissinfo after the signing ceremony. The final sticking point was an…

Switzerland and Germany fail to end air traffic dispute

This content was published on Sep 26, 2000 The negotiators, meeting in Berne, were trying to reach a new agreement which would ease German fears over the number of flights passing over southern Germany, and which would avoid a confrontation with Swiss people living under flight paths near Kloten. The director of the Swiss Department for Civil Aviation, André Auer, described German demands…

Nestlé to open alliance talks in Japan

This content was published on Sep 26, 2000 The Vevey-based company said a letter of intent had already been signed. A statement said discussions would centre on how to combine the strong position of Snow Brands in the Japanese market with the technology and marketing expertise of Nestlé. Analysts say the partnership represents a great opportunity for the Swiss company to expand its…

Zschokke benefits from construction boom

This content was published on Sep 26, 2000 The company is forecasting a full year net profit of SFr12.6 million, which would be an increase of 67 per cent on the previous year. It expects full-year turnover to be SFr1.15 billion. Zschokke says it intends to use the upswing in the economy to strengthen its market position, boost earnings and reduce debt. It…

Indian tourists killed in worst ever helicopter crash

This content was published on Sep 26, 2000 Captain Franziskus Escher of the cantonal police told swissinfo four people had also been injured in the accident, which happened on Tuesday afternoon in Beuson, five kilometres from the town of Sion. The injured were immediately taken to a hospital in Sion, where doctors said their lives were not in danger. All six passengers and…

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