Banking & Fintech

Swisscom ups the stakes in price war

This content was published on Sep 6, 2000 In the latest move in Switzerland’s telecom price war, Swisscom will reduce the price of calls to Britain to SFr0.12 ($0.068) a minute during the week from a current SFr0.25 a minute. The weekend rate will be SFr0.10 a minute down from SFr0.20 a minute. Call charges to South Korea and Taiwan will be slashed…

Small and medium firms urged to log on

This content was published on Sep 5, 2000 The “Untapped Potential” conference highlighted a range of benefits available to smaller firms, including increasing their customer base and widening their sources of supplies. Addressing the conference were Olli-Pekka Lintual, director of Nokia Mobile Phones, Michael Büsbeck, director of the Zurich-based e-commerce consultants Commerce One, and Swiss writer and commentator, Beat Kappeler. “Four years ago…

Profits up at SGS as restructuring continues

This content was published on Sep 5, 2000 Sales over the same period increased to SFr1.2 billion, an improvement of SFr100 million. In a statement on Tuesday, the company played down earnings prospects for the year, saying revenue would be hit by “increased business development expenditure, including costs associated with e-commerce, and the non-renewal of the pre-shipment contract with the Philippines”. It added…

Gotthard tunnel turns 20

This content was published on Sep 5, 2000 Switzerland has few modern engineering or architectural marvels that meet the eye – indeed, flying over the country, a visitor would be hard pressed to spot one. The country’s tallest building, for example, currently under construction in Basel, will be just 30 stories high on completion. The reason is that in this alpine land, the…

Swiss palates warm to homegrown reds

This content was published on Sep 5, 2000 The figures, from the Federal Office of Agriculture, reveal that the average Swiss likes a glass with dinner, but stops short of finishing the bottle. In the year to June, almost 300 million litres of wine were sold in Switzerland – an increase of 1.3 million litres over the previous 12-month period, or one bottle…

Swiss banks under fire for dealings with Abacha family

This content was published on Sep 4, 2000 In a report released on Monday, the Swiss banking commission accused the banks of serious “violations and organisational shortcomings” for failing to detect and reject deposits from what it said were “dubious” sources. The commission’s chairman, Kurt Hauri, said the fact “that assets of dubious origin were deposited at Swiss banks is highly unsatisfactory and…

Healthy demand pushes railways profits higher

This content was published on Sep 4, 2000 Turnover increased by 3.1 per cent over the comparable period last year to SFr2.905 billion. A statement on Monday from the Federal Railways headquarters in Berne said operating profit was SFr205.7 million. It added that the number of passengers had increased by 2.1 per cent to reach 126.7 million, while the number of staff had…

Ascom blames higher costs and acquisitions for mixed results

This content was published on Sep 4, 2000 However, in a statement from its Berne headquarters on Monday, Ascom said operating profit fell 13.2 per cent to SFr46 million. It said the drop was down to the “effect of acquisitions and disposals, as well as to increased development and marketing costs”. Ascom predicted an increase in group net income and turnover for the…

Swiss Post buys German mail company

This content was published on Sep 4, 2000 A statement from Swiss Post on Monday said the deal was retroactive to January 1 but gave no purchase price. It added that the acquisition was a logical step. “It consolidates Swiss Post’s position as leader of the Swiss market, strengthens its links with world networks and gives it a solid distribution structure in one…

Business Outlook

This content was published on Sep 3, 2000 Keenly awaited will be unemployment data for August, which will be released on Friday. Analysts are expecting another slight decrease in joblessness. In July, the number of people out of work fell slightly, but the overall rate remained unchanged at 1.8 per cent. On the corporate front, Zurich based department store, Jelmoli, will release its…

Banking & Fintech

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Banking & Fintech

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Swisscom ups the stakes in price war

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Small and medium firms urged to log on

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Profits up at SGS as restructuring continues

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Gotthard tunnel turns 20

More

Swiss palates warm to homegrown reds

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Swiss banks under fire for dealings with Abacha family

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Healthy demand pushes railways profits higher

More

Ascom blames higher costs and acquisitions for mixed results

More

Swiss Post buys German mail company

More

Business Outlook

Popular Stories

Most Discussed