Banking & Fintech

Germany’s mobile phone licences up for grabs

This content was published on Jul 31, 2000 Mobile phone operators are expected to bid around SFr45 billion for the four to six licences on offer at the auction in Mainz. The bidders include Swisscom-backed Debitel and Spanish-Finnish consortium, Group 3G. Also in running are existing German mobile phone operators, Deutsche Telekom, Mannesmann Mobilfunk, E-Plus Hutchison, Viag Interkom and MobilCom. “It is quite…

Berne Cantonal Bank seeks second market listing

This content was published on Jul 31, 2000 The stock to be quoted represents 22 per cent of the capital of some nine million shares, said bank spokesman Pieter Lienhard. On the Berne Telephonic Bourse – a small regional exchange where orders are transmitted by members on the telephone – the stock was quoted at SFr136. The high for the year was SFr139…

Defence minister rejects using military airport as international hub

This content was published on Jul 31, 2000 In a newspaper interview on Monday, Ogi rejected the idea out of hand, saying Payerne, in western Switzerland, was the country’s main military airport. He was reacting to a proposal put forward over the weekend by the head of the air accident investigation bureau, Jean Overney. In the wake of the crash of a Concorde…

Swiss franc slides further against dollar

This content was published on Jul 31, 2000 On Monday, the dollar pushed through the SFr1.6760 level, after reaching a high of SFr1.6740 on Friday. The US second quarter GDP numbers upset hopes that the economic tide might be turning in Europe’s favour. American economic growth is still outpacing that of Europe, causing the euro and the Swiss franc to remain low against…

The business week ahead

This content was published on Jul 30, 2000 Analysts are expecting operating profits to be up around 50 per cent and sales figures to increase by about 40 per cent. The company has been increasing its market share with an aggressive policy of takeovers and acquisitions in Europe and the United States. Selecta has its Annual General Assembly on Monday where the board…

Swiss aid unit pulls out of Bosnia

This content was published on Jul 30, 2000 On Monday, the regional bases in Mostar and Tuzla will be shut down. The third regional base in Banja Luka will close in November, followed by the headquarters in the Bosnian capital, Sarajevo. For four years, 45 men and women, who form an unarmed military unit known as the yellow berets, have provided expertise and…

Swiss-Germans show more interest in national Expo.02

This content was published on Jul 30, 2000 The French-speaking Swiss retained their interest in Expo, which is scheduled to open in 2002, with 61 per cent claiming they were keen to take a trip there. Organisers of the exhibition carried out the survey and discovered that people were less concerned about the entrance fee. The organisers found that people were more positive…

Concorde crash sparks calls for new airport in Switzerland

This content was published on Jul 30, 2000 On Tuesday last week, all 109 people on board a Concorde were killed when it came down only minutes after leaving Charles de Gaulle airport. But another five people were killed in the hotel into which the burning aircraft crashed and exploded. In the wake of the accident, Overney has pointed out that the country’s…

Swiss Post Office plans further savings

This content was published on Jul 29, 2000 In an interview with the Berner-Zeitung newspaper, Streich hinted at the possibility of developing mobile post offices and suggested cooperating with concerns which operate similar businesses. He said the management of the Post Office had to work within the constraints of the market. Streich believes the public service mandate of the Post Office has to…

Village food shops face an uncertain future

This content was published on Jul 29, 2000 In a terse letter, the Frimago distribution company in Zurich informed the stores that supplies to them would end in September, because they were not ordering enough merchandise to warrant deliveries. The announcement caused outrage among many Swiss, who see these small family enterprises as an integral part of the landscape. It also made front-page…

Banking & Fintech

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Banking & Fintech

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Germany’s mobile phone licences up for grabs

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Berne Cantonal Bank seeks second market listing

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Defence minister rejects using military airport as international hub

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Swiss franc slides further against dollar

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The business week ahead

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Swiss aid unit pulls out of Bosnia

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Swiss-Germans show more interest in national Expo.02

More

Concorde crash sparks calls for new airport in Switzerland

More

Swiss Post Office plans further savings

More

Village food shops face an uncertain future

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