Banking & Fintech

Two companies announce major deals

This content was published on Jan 5, 2000 The Georg Fischer industrial corporation and the cement producer, Holderbank, have announced separate deals aimed at strengthening their market positions. Fischer of Schaffhausen said it had won an order worth SFr30 million from DaimlerChrysler US to supply automobile engine connecting rods. The nodular cast iron components will be manufactured on largely automated production lines and…

Mergers cost record amount last year

This content was published on Jan 5, 2000 The merger “virus” continued to hit Switzerland last year, with companies using a record amount of money to put the mergers into place, according to the Zurich weekly “Handelszeitung” newspaper. In its first issue of the year, the newspaper reports that there were 343 mergers involving Swiss firms last year, 12 less than in 1998.…

Strong showing for retail trade

This content was published on Jan 5, 2000 Swiss retail sales rose four per cent in November year on year, a further indication that the economy is staging a strong recovery. Sales were up by 1.5 per cent when adjustments were made for the number of shopping days, according to the federal statistics office. It said November 1999 had one more shopping day…

Banker stirs up debate on political reform process

This content was published on Jan 4, 2000 The head of the Credit Suisse Group, Lukas Mühlemann, says Switzerland needs to undergo radical privatisation therapy. While such proposals are not new, Mühlemann’s comments have reopened a debate on Switzerland’s political reform process. Mühlemann did not mince his words.He proposes to:: – privatise hospitals, schools, and public broadcasting– relax environmental and zoning laws– lower…

Swiss National Bank almost doubles its profit

This content was published on Jan 4, 2000 The Swiss National Bank has reported that it almost doubled its profit last year to reach SFr4.4 billion (1998 – SFr2.4 billion), largely thanks to currency gains against the Swiss franc. Commenting on last year’s performance, the National Bank said that the US dollar had jumped in value from SFr1.3772 at the end of 1998…

Swiss franc strengthens against US dollar

This content was published on Jan 4, 2000 The Swiss franc on Tuesday continued its recent gains against the US dollar. Analysts say the franc is benefiting from doubts about whether the US economy can keep up its strong performance, as well as from growing optimism about the European economy. Marcus Allenspach, an economist at Cantrade private bank, says he expects the franc…

Swiss companies monitor the new situation in Russia with interest

This content was published on Jan 4, 2000

Swiss authorities report decline of mad cow disease

This content was published on Jan 3, 2000 The Federal Veterinary Office says that mad cow disease in Switzerland is on the decline, despite figures for 1999 which are higher than the year before. Twenty-five clinical cases of Bovine Spongiform Encephalopathy (BSE) were discovered up until December 24, compared to 14 cases in 1998. Another 24 cases of mad cow disease were reported…

Switzerland experiences only minor Y2K glitches

This content was published on Jan 3, 2000 The first business day of the millennium opened with very few signs of Y2K computer glitches in Switzerland, the authorities noted on Monday. The federal authorities’ emergency command centre said the largely problem-free rollover of computer clocks from 1999 to 2000 was due to extensive preparations by businesses as well as the federal and cantonal…

Swiss bourse encounters no Y2K troubles

This content was published on Jan 3, 2000 The Swiss Stock Exchange (SWX) remained closed Monday as the market authorities continued to test systems for the millennium bug. The SWX’s Marcel Naegler said the market has “encountered no millennium bug problems during testing thus far, and is set to resume trading on Tuesday”. The stock market in Switzerland was actually considered Y2K competent…

Banking & Fintech

Popular Stories

Most Discussed

Banking & Fintech

More

Two companies announce major deals

More

Mergers cost record amount last year

More

Strong showing for retail trade

More

Banker stirs up debate on political reform process

More

Swiss National Bank almost doubles its profit

More

Swiss franc strengthens against US dollar

More

Swiss companies monitor the new situation in Russia with interest

More

Swiss authorities report decline of mad cow disease

More

Switzerland experiences only minor Y2K glitches

More

Swiss bourse encounters no Y2K troubles

Popular Stories

Most Discussed