Banking & Fintech

Chestnut beer goes from strength to strength

This content was published on Sep 23, 2000 But for the last year and a half another beverage hailing from southern Switzerland has been making waves, made not from grapes but from other local produce: chestnuts. A nutritional engineer and environmentalist from Ticino, Gabriele Mazzi came across chestnut beer for the first time one summer while holidaying in the Mediterranean. Standing amidst crates…

Business week in review

This content was published on Sep 23, 2000 The Winterthur-based technology company, Sulzer, said it was selling off five divisions which account for around two thirds of its turnover and that it was to merge with Sulzer Medica. The management said it wanted to concentrate on the growth areas of medical devices and materials technology. Unions slammed the decision which they argued put…

Swiss ignore call to leave their cars at home

This content was published on Sep 22, 2000 Only Geneva, where the day of action caused mild controversy, recorded a sizeable drop of 15 per cent in traffic. Geneva had closed a large number of roads and squares to cars and motorcycles, but all public transport was free. The city also provided its citizens with bicycles, scooters and electric cars, and information on…

Car free day takes its toll on Swiss roads

This content was published on Sep 22, 2000 It was only the third time the event – the brainchild of the French environment minister, Dominique Voynet – has been staged. Nearly 800 towns and cities throughout Europe took part. In Geneva, for example, the issued caused no little controversy. Geneva closed a large number of roads and squares to cars and motorcycles, but…

Swiss Olympic Committee in probe over black market tickets

This content was published on Sep 22, 2000 Australian newspapers reported that the IOC is investigating complaints from the Sydney organisers after undercover officials were allegedly able to buy tickets on the street. Foreign committees who are allocated tickets are not allowed to sell them inside the host nation. The IOC has accused Switzerland, the United States, Russia, Spain and Venezuela of not…

Swiss commercial deficit jumps in August

This content was published on Sep 22, 2000 Imports were worth SFr661 million more than exports due mainly to higher oil prices, according to the federal customs administration. In July, the difference was only SFr233.4 million. Imports increased 18 per cent in August, while exports only grew by 17 per cent. The commercial data, released on Friday, showe the deficit increase was due…

Massive intervention boosts euro

This content was published on Sep 22, 2000 The intervention included the European Central Bank, the United States Federal Reserve, the Bank of Japan and the Bank of England. Although the Swiss National Bank did not take part in the intervention, the franc gained six cents on the dollar in the immediate aftermath and fell to SFr1.52 against the euro. The euro strengthened…

Swiss to head Deutsche Bank

This content was published on Sep 21, 2000 Ackermann will take up his post as president of the board at the bank’s general meeting in 2002. His nomination came as a surprise to financial circles. He’s been a member of Deutsche Bank’s board since 1996. He’s presently charged with looking after international investment clients, a priority for the Frankfurt-based institution. Ackermann left Credit…

Out & About in Switzerland: Drinking to your health in Jenins

This content was published on Sep 21, 2000 The organisers of the symposium want to take a page from the book of the ancient Greeks. There’ll be music, song and spirited debate to accompany the meals and fine local wines. The Pinot Noir variety is the specialty of the region. The first two evenings are dedicated to the themes; “The Business of Wine”…

Central bank continues gold sale

This content was published on Sep 21, 2000 According to figures released on Thursday, the SNB’s gold reserves fell by SFr116.3 million ($65.3 million) to SFr37.5 billion. That means 7.7 tonnes of the metal were sold based on the bank’s valuation at just over SFr15 per kilogramme. The policy of selling gold corresponds to the government’s new currency and payments law which came…

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Banking & Fintech

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Chestnut beer goes from strength to strength

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Business week in review

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Swiss ignore call to leave their cars at home

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Car free day takes its toll on Swiss roads

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Swiss Olympic Committee in probe over black market tickets

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Swiss commercial deficit jumps in August

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Massive intervention boosts euro

More

Swiss to head Deutsche Bank

More

Out & About in Switzerland: Drinking to your health in Jenins

More

Central bank continues gold sale

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