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Credit Suisse unit gains Hong Kong bank licence

This content was published on Nov 27, 2000 Credit Suisse Group has operated a representative office in Hong Kong since 1988. The Hong Kong branch primarily provides private banking services, including deposits and foreign exchange, financing and investment advisory services. Credit Suisse Group is the second largest finance based company in Switzerland and ranks in the top 20 of the world’s banking groups…

Swiss logistics firm links up with partner in Singapore

This content was published on Nov 27, 2000 SembCorp said in a statement that it would issue 35.5 million new shares, or 20 per cent of its enlarged share capital, as part of the deal. K&N will subscribe to about 10.7 million shares and the remainder will be placed privately. K&N in turn will issue 400,000 new shares at SFr1,275 ($704) each to…

Urs Roth to head Swiss Bankers Association

This content was published on Nov 27, 2000 The 53-year old lawyer will replace Niklaus Blattner, who was recently elected to the board of the Swiss National Bank. The decision to appoint Roth was made unanimously by the association’s 19- member committee at a meeting in Bern on Monday. Roth’s appointment comes as something of a surprise after the Swiss press mooted Switzerland’s…

Bern gets to know its onions

This content was published on Nov 27, 2000 Some 700 stalls, heaped high with strings of onions, lined the streets of the city centre. The produce, grown on local farms, was trucked in during the early hours of Monday morning, and snapped up by eager visitors, in a tradition dating back to the 15th century. “Legend has it that at the beginning of…

Zurich backs its partnership with Kunming

This content was published on Nov 26, 2000 The clear-cut result in a popular vote on Sunday in favour of giving Kunming a loan of SFr1.32 million next year surprised many political analysts. A total of 51,902 voters (64 per cent) approved the loan, while 28,716 rejected it. Two members of the right-wing Swiss People’s Party had wanted the loan to be stopped…

Swiss supermarket giants tighten security on beef products

This content was published on Nov 26, 2000 The decision was taken in conjunction with the Swiss Federal Veterinary Office. A spokesman for Coop said the tests for Mad Cow Disease (BSE) could come into force as early as February 1, 2001. He would, however, not say which company would provide the tests. The Zurich company, Prionics, which has developed a set of…

Think tank given credibility boost by choice of boss

This content was published on Nov 26, 2000 A sociologist and leader of student protests in 1968, Held doesn’t fit the stereotype of the neo-liberal right-winger. His appointment has silenced critics, who had claimed that the new think tank is no more than an effort by private enterprise to extend its influence over politics. The “Foundation on the Future of Switzerland” is funded…

Divisions in Switzerland show up in pension age vote

This content was published on Nov 26, 2000 According to a forecast, published by the Swiss Broadcasting Corporation two hours after polls closed, one initiative was rejected by 64 per cent of voters, the other by 56 per cent. However, according to the same forecasts, voters in French-speaking western Switzerland and the southern, Italian-speaking canton of Ticino, approved the intiatives. Federal votes often…

Swiss cast ballots on defence spending and retirement age

This content was published on Nov 26, 2000 Voters are widely expected to reject all of the five federal issues, following Sunday’s vote. The main proposal, put forward by left-wing parties as well as peace and development aid groups, foresees slashing the army’s current annual budget of SFr5 billion ($2.75 billion) to just over SFr3 billion ($1.7 billion) over the next 10 years.…

Business Outlook

This content was published on Nov 26, 2000 The markets will also be focusing on how the integration of the recently acquired US investment bank, Paine Webber, is coming along. So far, it appears to be proceeding well with few defections among the top staff. The country’s biggest telecommunications company, Swisscom, releases its third-quarter figures on Wednesday. The telecom industry has rapidly gone…

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Credit Suisse unit gains Hong Kong bank licence

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Swiss logistics firm links up with partner in Singapore

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Urs Roth to head Swiss Bankers Association

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Bern gets to know its onions

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Zurich backs its partnership with Kunming

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Swiss supermarket giants tighten security on beef products

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Think tank given credibility boost by choice of boss

More

Divisions in Switzerland show up in pension age vote

More

Swiss cast ballots on defence spending and retirement age

More

Business Outlook

Popular Stories

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