Banking & Fintech

Swiss spending more on holidays

This content was published on Aug 18, 2000 Foreign tourists spent SFr11.7 billion ($6.84 billion) in Switzerland last year, an increase of SFr135 million over 1998 ( 1.2 per cent). In a communiqué, the Office said that Swiss holiday spending abroad in 1999 rose to SFr10.4 billion, up SFr484 million from the previous year ( 4.9 per cent). The lion’s share of foreign…

Ukrainian Roma receive money from Holocaust fund

This content was published on Aug 18, 2000 The administrators of the fund said 3,966 Ukrainian Roma would receive $400 each. They said the sum represented a significant financial boost to the needy Holocaust survivors, whose average monthly income is only $20. Speaking at the ceremony in Kiev, the fund’s president, Rolf Bloch, underlined the importance of the payments. He said the fund…

Zurich flea markets are jumping

This content was published on Aug 18, 2000 The city is studded with flea markets and second hand shops, where the determined shopper can be rewarded with some real bargains. Many residents of Zurich are regular visitors to the biggest markets in Bürkliplatz and the Kanzlei in Helvetiaplatz. “I think if the weather’s really nice, it’s great to wander round in a brilliant…

Roche appoints new chief financial officer

This content was published on Aug 18, 2000 Affentranger, 43, has dual Swiss-Argentine nationality and was born in Argentina. After studying economics, he joined the Swiss Bank Corporation in 1981 and worked in its United States, Hong Kong and Geneva offices, before becoming the youngest-ever member of the management team at the age of 39. Industry analysts say he will have a tough…

Federal Railways strikes partnership deal with Berne operator

This content was published on Aug 17, 2000 Under the agreement, the BLS will cede control of all long-distance rail routes originating in Berne. In exchange, it wins the right to operate all local trains in the Berne area. Explaining the details of the deal to swissinfo, Christian Kräuchi, spokesman for the Federal Railways, said the “Federal Railways would take over the long…

Swiss exports to US reach record high

This content was published on Aug 17, 2000 Last year Swiss exports to the US soared by 17.4 per cent, reaching SFr13 billion ($7.6 billion). In the past six months, they have continued to rise by another 11.5 per cent. The figures mean Switzerland is notching up an ever-greater trade surplus with the US. The latest data from the Federal Customs Authority showed…

ABB builds links to the New Economy

This content was published on Aug 17, 2000 Energy Interactive’s products include energy billing systems, web-based residential energy auditing, and software to analyse energy loads, consumption patterns and pricing. The business will be renamed ABB Energy Interactive. The purchase takes ABB into the US retail power market where deregulation is expected to fuel long-term growth. “This is a strategic opportunity and a good…

Switzerland to provide holidays for children from war zones

This content was published on Aug 17, 2000 The government announced the creation of “Swiss Cor” on Thursday, to coincide with a visit to parliament by a group of children from Kosovo and Bosnia-Herzegovina. They are spending two weeks in Switzerland at the invitation of the president. The foundation has been set up to arrange holidays every year for children caught up in…

Healthy performance for Roche

This content was published on Aug 17, 2000 For the group as a whole, first half operating income adjusted for special items rose 11 per cent to SFr2.38 billion ($1.4 billion), while net income rose 13 per cent to SFr3 billion. This latest set of financial numbers excludes Roche’s former flavours and fragrances division, Givaudan, which was spun off in June. “Barring extraordinary…

Virus attacks UBS e-banking clients

This content was published on Aug 17, 2000 The bank said few clients were at risk and there were no reports of damage so far. “Only a small proportion of UBS e-banking clients are at risk. The vast majority do not use PIN software and are therefore not affected by the virus,” the bank said in a statement. It said the bank’s computer…

Banking & Fintech

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Banking & Fintech

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Swiss spending more on holidays

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Ukrainian Roma receive money from Holocaust fund

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Zurich flea markets are jumping

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Roche appoints new chief financial officer

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Federal Railways strikes partnership deal with Berne operator

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Swiss exports to US reach record high

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ABB builds links to the New Economy

More

Switzerland to provide holidays for children from war zones

More

Healthy performance for Roche

More

Virus attacks UBS e-banking clients

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