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Swissquote receives online banking licence

This content was published on Oct 31, 2000 Swissquote will be one of the first purely Internet based banks working within Switzerland. The group said in a statement that it would concentrate on providing electronic banking services with a special emphasis on online securities trading and distribution of mutual funds. Swissquote Group holds 51 per cent of the capital and voting rights of…

One in three Swiss play the stock market

This content was published on Oct 31, 2000 The Swiss Banking Institute of Zurich University said 1,660,000 Swiss own shares. They are among the leaders in terms of playing the stock market. The number of investors has doubled in the last three years, with transactions no longer reserved for the elite. The upward trend is the result of “the very good performance of…

Eight alpine countries sign accord to curb traffic

This content was published on Oct 31, 2000 Along with ministers from seven other alpine countries, Switzerland approved the traffic protocol on the second and final day of the Alpine Conference in Lucerne. The transport agreement means no new transalpine roads can be built. Austria had expressed reservations about the accord. The agreement also obliges signatories to keep traffic below levels where it…

“Karate cow” gets the chop

This content was published on Oct 31, 2000 The Federal Court in Lausanne on Tuesday ordered the suspension of the controversial advertising campaign pending the outcome of a court action brought by the interior ministry. The karate cow started appearing in adverts during the second half of last year, where it was featured smashing up a paving stone with a karate chop. The…

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Armin Meyer named as Ciba head

This content was published on Oct 31, 2000 Armin Meyer, who has been a member of the executive committee of the technology group ABB since 1995, will assume his new responsibilities as chairman of Ciba Specialty Chemicals on November 17 and as chief executive from the start of next year. “After 25 years at ABB and experience there in a number of senior…

Inflation falls but is still marked by high oil prices

This content was published on Oct 31, 2000 The Federal Statistical Office in Neuchâtel reported that consumer prices in October went down by 0.3 per cent from the previous month. However, the Office said that without the effect of high fuel price increases, annual inflation in October would have been only 0.4 per cent. It added that it expects average inflation this year…

All change at Zurich Financial Services

This content was published on Oct 31, 2000 The new group management team consists of the Group Management Board, of which five members, together with Rolf Hüppi, chairman and chief executive, form the executive committee. “The new structure is an important step in creating the platform for an efficient and focused development of our Group,” said Rolf Hüppi. The changes include re-grouping market…

Swiss minister pleads for more public transport

This content was published on Oct 30, 2000 Opening the sixth Alpine conference, Leuenberger said on Monday it was also the only way to prevent a breakdown of the road system. He added that Switzerland alone could not reach its aim of increasing the railways’ share of international freight. He said this is where international accords were needed. The conference, held every two…

Mikron group announces major acquisition plans

This content was published on Oct 30, 2000 It announced on Tuesday it is to issue a public offer for all shares in the Axxicon group of the Netherlands, which has annual sales of SFr130 million ($71.43 million). The purchase price would be around SFr124 million. In a statement, Mikron said that Axxicon was a leading supplier in the production of injection moulds,…

Sulzer Medica posts substantial sales increase in third quarter

This content was published on Oct 30, 2000 The company, based in Winterthur, said operating income before goodwill amortisation and exceptional items increased to SFr54 million, while net income increased by 28 per cent to SFr40 million. In a statement on Monday, Sulzer Medica said it expected the favourable trend top continue in its two main divisions – orthopaedics and cardiovascular prostheses. Last…

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Swissquote receives online banking licence

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One in three Swiss play the stock market

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Eight alpine countries sign accord to curb traffic

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“Karate cow” gets the chop

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Armin Meyer named as Ciba head

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Inflation falls but is still marked by high oil prices

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All change at Zurich Financial Services

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Swiss minister pleads for more public transport

More

Mikron group announces major acquisition plans

More

Sulzer Medica posts substantial sales increase in third quarter

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