Cluster: Archive

UBS shareholders approve share offer to fund US buyout

This content was published on Sep 8, 2000 At a special general meeting in Zurich, an overwhelming majority voted in favour of the bank’s proposal to issue up to 38 million new authorised capital shares and 17 million conditional capital shares. UBS announced in July that it would buy PaineWebber for $10.8 billion (SFr19.22 billion) but the price has increased to $12.4 billion…

Nestlé strengthens its position in Japan

This content was published on Sep 8, 2000 The purchase will make Nestlé Mackintosh K.K. a wholly owned subsidiary of Nestlé Japan. The cost of the deal was not released. A statement from Nestlé headquarters in Vevey said the move was part of a strategy to systematically strengthen its position in important markets. Nestlé Mackintosh K.K. has sales of more than SFr200 million…

UBS enters life insurance market

This content was published on Sep 8, 2000 UBS will sell its own products, as well as continuing to market those of other companies. A statement said the move was in line with the bank’s strategy of providing insurance products that cater for capital growth and retirement needs. It added that the move was an appropriate step for an integrated financial services group.…

Kim Hays finds out how one family cut Switzerland down to size

This content was published on Sep 7, 2000 These are some of the fascinating juxtapositions that awaited me at “Switzerland in Miniature” in Melide near Lugano. It’s an ideal introduction to Switzerland’s top tourist attractions and a striking display of craftsmanship. A total of 120 models of famous castles, churches, villages, and alpine landscapes are laid out in perfect miniature, at a scale…

Switzerland loses global competitive edge

This content was published on Sep 7, 2000 The United States has become the world’s most competitive nation while Switzerland has lost four places sliding to 10th position. The authors of the 333-page report said countries scored well if they were judged to be innovative and effective users of technology, had high rates of saving and investment, and were well integrated in the…

Switzerland at risk of major earthquake

This content was published on Sep 7, 2000 The experts, from the Federal Institute of Technology in Zurich, issued the warning on Thursday. They said a major earthquake – on the scale of that which struck Basel in 1356, reaching the equivalent of 6.5 on the Richter scale – could be expected to strike the country every 100 years on average. They warned…

Aid agency warns against privatisation of water

This content was published on Sep 7, 2000 Launching the campaign in Berne on Thursday, the head of Helvetas, Werner Külling, said water could not be treated as just a commodity. He said 1,4 billion people were still without access to safe drinking water, and that illnesses affecting half of Africa’s population were directly related to a shortage of clean water. Külling said…

Publisuisse profits don’t tell whole story

This content was published on Sep 7, 2000 However, in a statement, the company said operating profit had declined to SFr37 million as a result of its Internet expansion strategy. The Lausanne-based group sold half its real estate holdings in January, which added a one-off SFr76 million to the financial result. It added that the second half of the year had begun well…

Unemployment continues to fall

This content was published on Sep 7, 2000 At the end of August, there were 63,708 people without a job, 1,432 fewer than at the end of July. The rate of unemployment remains unchanged at 1.8 per cent. The Secretariat reported that canton Geneva remains worst affected by joblessness (4.2 per cent), followed by cantons Vaud (2.8 per cent) and Ticino (2.7 per…

Holderbank to build on healthy profits

This content was published on Sep 7, 2000 In a statement on Thursday from its headquarters in Glarus, Holderbank said net sales went up by 17 per cent to SFr6.621 billion, lifted in part by the strength of the dollar. “The solid financial sales reflect not only higher sales but also efficiency improvements and, in some cases, better prices,” the company said. It…

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UBS shareholders approve share offer to fund US buyout

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Nestlé strengthens its position in Japan

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UBS enters life insurance market

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Kim Hays finds out how one family cut Switzerland down to size

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Switzerland loses global competitive edge

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Switzerland at risk of major earthquake

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Aid agency warns against privatisation of water

More

Publisuisse profits don’t tell whole story

More

Unemployment continues to fall

More

Holderbank to build on healthy profits

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