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Swiss blue chips recover from year lows

This content was published on Mar 14, 2001 At one stage worries about the Japanese banking sector and possible contagion to international banks blended with further declines in technology stocks. This sent a powerful sell signal in what is still a generally uneasy market climate where investors are worrying about recession while looking forward to interest rate cuts. Only shares in SAirGroup and…

Switzerland bans beef imports from Argentina

This content was published on Mar 14, 2001 The Federal Veterinary Office said in a statement that it was following an EU suggestion to member states to temporarily ban beef and milk products from Argentina. Buenos Aires has confirmed one case of the highly contagious disease, and says it suspects there may be two others. Last year Switzerland imported 30,000 tonnes of beef…

Fewer dairy farmers are producing more milk

This content was published on Mar 14, 2001 Figures released by the Federal Office for Agriculture on Wednesday showed that the number of dairy farmers fell to 39,890 last year, compared to 50,334 a decade ago. However, those farmers have boosted milk production by almost a quarter over the same period. Today, the average dairy farm in Switzerland produces 75,700 kilogrammes of milk…

Bankruptcies fall again

This content was published on Mar 14, 2001 Bankruptcies were down 12.9 per cent in January and February compared to the same period last year. The decline was more marked among private companies (18.8 per cent) than individuals (7.8 per cent). The latest figures released on Wednesday by the Creditreform organisation of St Gallen, which defends the interests of creditors, also showed the…

More good news for Credit Suisse

This content was published on Mar 14, 2001 The news comes a day after the Credit Suisse Group revealed net profit growth of 11 per cent last year to SFr5.8 billion ($3.52 billion), surpassing market expectations. Bank Leu’s net profit last year rose 33 per cent to SFr179 million. The bank said its assets under management at the end of the year totalled…

Martin Dalsass: the cook as artist and altruist

This content was published on Mar 14, 2001 Dalsass, 44, is a native of Bolzano but has lived in Switzerland for 25 years – the past 15 in Ticino. During that time, he has transformed the Santabbondio restaurant at Lugano-Sorengo into a culinary mecca. “I became a cook quite by chance. After finishing my compulsory schooling, I was supposed to learn the trade…

Airlines pledge to help study “economy class syndrome”

This content was published on Mar 13, 2001 There is growing concern that cramped seats and a lack of mobility on long-haul flight can cause clots to form in the lower limbs. These clots can prove fatal if they travel to the vital organs. It has become known as “economy class syndrome”. In a significant breakthrough, medical officers from 16 airlines acknowledged that…

Strong growth gives Credit Suisse stock market boost

This content was published on Mar 13, 2001 The 11 per cent increase in net profits was helped by a surprisingly strong fourth quarter that led to annual double-digit growth for all the group’s business units. Operating profit for the year was up 35 per cent to SFr7.2 billion, with assets under management growing by 19.3 per cent to SFr1,417 billion. The company…

Mövenpick passed over as partner for SAirGroup’s hotel chain

This content was published on Mar 13, 2001 In an interview with swissinfo on Tuesday, Schöpfer said the troubled airline conglomerate had not even invited Mövenpick to put forward a tender. “Unfortunately we have not been invited to the tender process,” explained Schöpfer. “Obviously you must ask the board of directors of Swissôtel why a Swiss company that is financially strong and a…

Givaudan scents growth markets in developing world

This content was published on Mar 13, 2001 Sales increased by six per cent over 1999 to SFr2.4 billion. The company said in a statement on Tuesday that the gross profit margin rose by 0.3 per cent to 48 per cent, mainly due to further efficiency improvements. The board of directors is proposing a dividend of SFr6.5 per share to the annual shareholders’…

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