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Credit Suisse expands online investment trading

This content was published on Dec 22, 2000 CSPB says it is the first bank to provide such a service, which offers direct access to more than 800 funds. In a statement from its headquarters in Zurich, CSPB said since that Fund Lab’s launch 20 months ago, the database has been expanded on an ongoing basis. Fund Lab now covers some 830 funds…

Kaba aims to unlock North American market

This content was published on Dec 22, 2000 Kaba, based in Rümlang near Zurich, said the acquisition would significantly expand sales, increase operating profit before amortization and strengthen the company’s position as one of the world’s leading providers of security technologies. In a statement, Kaba said key Unican shareholders had agreed, subject to conditions, to tender their shares. Kaba is to seek shareholder…

Untouched by the festive season

This content was published on Dec 22, 2000 After the festive season, Tischlein (which means tablecloth) will collect food being discarded by supermarkets and redistribute it to people in need – as it does every week of the year. Some rely on the service to supplement a meagre income; others because they are too proud to turn to the social services for help.…

Expo leadership plays down loss of funding

This content was published on Dec 22, 2000 The decision by the merger telecommunications firm, diAx/Sunrise, to withdraw its support is the latest blow to the exhibition, which has been dogged by difficulties since its conception. Expo’s artistic director, Martin Heller, said he regretted the decision, but believed new funding could be found for the two projects which diAx/Sunrise was to have sponsored.…

Pilatus lands in arms of Swiss investors

This content was published on Dec 21, 2000 A sale had been expected for some time, following Unaxis’ decision to concentrate its activities on equipment and services for the information technology industry. In a statement on Thursday, Unaxis said the buyers were Jörg Burkart of Zurich, Hilmar Hilmarsson of Greppen, IHAG Holding of Zurich and the Pension Fund of the healthcare group F.…

Swiss pay highest prices in Europe

This content was published on Dec 21, 2000 The figures, released on Thursday, show that the overall cost of goods in Switzerland is 28 per cent higher than the European Union average. The report, published by the EU and the Organisation for Economic Cooperation and Development (OECD), is based on comparative economic indicators. Compared to its neighbours, Switzerland is 20-38 points above the…

Lothar impact not as bad as expected

This content was published on Dec 21, 2000 At a press conference in Bern on Thursday, the federal environment agency said that the clearing of the forests was already very far advanced. Lothar ravaged Switzerland on December 26, 1999, felling more than 10 million trees over a surface area of 46,000 hectares. The destruction is the worst ever recorded in Swiss forests, and…

Watch industry heading for record results

This content was published on Dec 21, 2000 The President of the Federation of the Swiss Watch Industry, François Habersaat, says there are no signs that the current boom will slow down. “The watch industry will continue its successful trend. It sells not only high quality products, but also dreams and emotions,” Habersaat told the Swiss news agency in an interview published on…

More Swiss men buying ladies’ underwear

This content was published on Dec 21, 2000 Liselotte Stebler, manager of Zurich’s Perosa lingerie store told swissinfo that more men are buying lingerie than ever before. “I guess a half or a third of our customers at this time of year are men who come and get their Christmas presents. During the year we only really see men shopping here for special…

Switzerland’s Christmas tree tradition comes of age

This content was published on Dec 21, 2000 It was only during the 19th century that Christmas trees – known in Germany since the 1500s – slowly began to appear in Swiss households. Today there is scarcely a Swiss family with children which doesn’t have a tree – by mid-December local tree-sellers have set up their stands in every town and do a…

Cluster: Archive

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