Cluster: Archive

No to Europe vote comes as no surprise for Swiss business

This content was published on Mar 5, 2001 The consensus among business pundits is that the “Yes to Europe” initiative, which was overwhelming rejected on Sunday, came too soon on the heels of a series of bilateral accords, approved by the Swiss last May. “This initiative was stillborn,” said Jean-Francois Mercier at Citibank. “Odds now appear stacked against Switzerland joining the EU –…

UBS starts new share buy back programme

This content was published on Mar 5, 2001 Under the programme, which kicked off on Monday, UBS is repurchasing the shares via a second trading line on the SWX Swiss Exchange. The trading line is available from March 5, 2001 to March 5, 2002, and will be exclusively for UBS’s buy back. The programme aims to return excess capital to shareholders. Shareholders will…

Celebrating the catch of the year

This content was published on Mar 5, 2001 The festival, the “Sagra del Pesce”, is always held on the second Sunday in March (March 11 this year), when hobby fishermen set out in boats from the village of Burbaglio (near Locarno in canton Ticino) at daybreak, or cast their lines from shore. Even though the entrants are divided into different categories, all try…

Lausanne University agrees to settle “biopiracy” case

This content was published on Mar 5, 2001 The decision to renegotiate the patent came at a highly charged meeting in Zimbabwe between the Universities of Zimbabwe and Lausanne, as well as the Environment Ministry and the Zimbabwe Traditional Healers Association. Participants agreed that the patent held by the University of Lausanne, as well as the current agreement on access and benefit sharing,…

Marco Solari: the joviality of Ticino – a myth created for tourists

This content was published on Mar 5, 2001 Solari lives and works partly in canton Ticino and partly in Zurich, where he is second-in-command at the Swiss media concern, Ringier. He was born in Bern, and was for a time head of the Ticino tourism authority. “According to a survey, the inhabitants of cantons Graubünden and Ticino are among the most amiable people…

Swiss say “no” to proposal for cheaper medicine

This content was published on Mar 4, 2001 The government had recommended rejection of the initiative, put forward by the Denner retail chain. While approving the initiative’s goal of cheaper medicines, the government said it went too far. The initiative proposed that all medicines sold in the neighbouring countries of Germany, Italy, France and Austria should automatically be available for sale in Switzerland.…

Swiss reject new speed limit for built-up areas

This content was published on Mar 4, 2001 The “Roads for all” initiative called for the introduction of a general speed limit of 30 km/h for built-up areas to be introduced within a year. The current limit is 50 km/h. The Swiss Association for Transport and Environment, which launched the initiative, claimed the speed reduction would not only increase safety but would also…

Business Outlook

This content was published on Mar 4, 2001 The Geneva-based biotechnology company, Serono, comes out with its figures on Tuesday. Analysts will be keen to see how the economic slowdown in the US has affected its results. The company is the world’s leading manufacturer of fertility drugs and is also well known for its treatments against multiple sclerosis and wasting diseases linked to…

Swiss money market strong in 2000

This content was published on Mar 3, 2001 Despite continuing controversy over Swiss banking secrecy, analysts say Swiss financial markets are still attractive to investors. Year-end results for 2000 showed that deposits and trusts held by Swiss banks amounted to SFr 3.954 trillion ($2.4 trillion). That’s an 8 per cent increase over the same period in 1999. The report also revealed that foreign…

Zurich cantonal bank joins the big league

This content was published on Mar 2, 2001 The ZKB had a very impressive millennium year, revealing its best set of results since it was founded 130 years ago. Gross profit jumped 12 per cent to SFr751 million ($457 million), with net profit up 45 per cent. The bank, which is more than double the size of its nearest cantonal rival, said the…

Cluster: Archive

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Cluster: Archive

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No to Europe vote comes as no surprise for Swiss business

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UBS starts new share buy back programme

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Celebrating the catch of the year

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Lausanne University agrees to settle “biopiracy” case

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Marco Solari: the joviality of Ticino – a myth created for tourists

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Swiss say “no” to proposal for cheaper medicine

More

Swiss reject new speed limit for built-up areas

More

Business Outlook

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Swiss money market strong in 2000

More

Zurich cantonal bank joins the big league

Popular Stories

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