Cluster: Archive

SR Technics sold to British group

This content was published on Nov 6, 2002 3i, which will be the majority shareholder, will pay SFr618 million ($423.7 million) for the company, whose staff will retain a 12 per cent stake. Another small private equity firm, Star Capital, will become a minority shareholder. SR Technics employs 2,900 people and expects turnover to reach SFr1.1 billion this year. It services among others…

Banker takes over at Swiss Life

This content was published on Nov 6, 2002 The 45-year-old lawyer heads up the bank’s corporate and retail banking sector, and is chairman of its Swiss activities. Dörig’s entire career has been in corporate and retail banking. He undertook various regional responsibilities before taking over as head of communications for the Credit Suisse Group (CSG) in 1997. Two years ago, he became CEO…

Centerpulse settles with faulty implant patients

This content was published on Nov 6, 2002 The move marks the end of a lengthy litigation battle over faulty joint implants that had cast a shadow over the Zurich-based company. The 16 patients had all undergone replacement surgery, but had refused until now to take part in the settlement. According to Centerpulse, there are still 43 claims pending from patients who did…

Swiss turn out in force in Florence

This content was published on Nov 6, 2002 Swiss banking secrecy and the question of tax evasion were among topics tabled for discussion during the five-day meeting. Anti-war protest But the highlight of the forum was a huge demonstration against a possible war in Iraq on Saturday. Hundreds of thousands took part in the peaceful protest, sparking major security concerns and almost bringing…

Swiss Life bosses plan damage limitation

This content was published on Nov 5, 2002 Media reports say not all board members were told about the vehicle, which made millions for a select few top bosses. Board of directors chairman, Andres Leuenberger, said that the meeting was going ahead on Tuesday evening. But he said that he could not confirm whether any resignations were on the agenda and added that…

Global pact to end illicit diamond trade

This content was published on Nov 5, 2002 At a meeting in Interlaken, more than 50 countries agreed to a new policing system to track the origin of diamonds and stamp out illicit trading. All uncut diamonds will now have to carry certification to prove they have not come from countries or groups that use the proceeds to purchase weapons. From January 1,…

Britain dismisses Swiss taxation plan

This content was published on Nov 5, 2002 Speaking at a meeting of EU finance ministers in Brussels, Brown insisted Swiss banking secrecy had to be dismantled, as part of a tighter taxation regime in Europe. Brown was echoing comments made to the Swiss economics minister, Pascal Couchepin, when he held talks with British ministers on the issue on Monday. “As far as…

Swiss and British lock horns over banking secrecy

This content was published on Nov 4, 2002 But the talks revealed that the two countries still remain at loggerheads over the controversial issue. At the talks, which come ahead of a meeting of European Finance ministers in Brussels, Couchepin was adamant about defending the Swiss position on withholding tax on savings held by European natives in Swiss banks accounts. The British would…

Governments target illicit diamond trade

This content was published on Nov 4, 2002 They are expected to agree new international rules stipulating that uncut diamonds must be accompanied by detailed records of provenance. Diamond producing, trading and marketing countries, working with the diamond industry, have been developing the regulations to track the origin of diamonds and stamp out illicit trading. The ministerial meeting on Tuesday is aimed at…

Centerpulse compensates faulty implant victims

This content was published on Nov 4, 2002 The move marks the end of a lengthy litigation battle that cast a shadow over the Zurich-based company. Centerpulse, formerly known as Sulzer Medica, handed over the sum to the Settlement Trust in Cleveland, Ohio, fulfilling its obligations to class-action plaintiffs. The trust will pay out compensation over the coming months to patients who were…

Cluster: Archive

Popular Stories

Most Discussed

Cluster: Archive

More

SR Technics sold to British group

More

Banker takes over at Swiss Life

More

Centerpulse settles with faulty implant patients

More

Swiss turn out in force in Florence

More

Swiss Life bosses plan damage limitation

More

Global pact to end illicit diamond trade

More

Britain dismisses Swiss taxation plan

More

Swiss and British lock horns over banking secrecy

More

Governments target illicit diamond trade

More

Centerpulse compensates faulty implant victims

Popular Stories

Most Discussed