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THE WEEK IN REVIEW

This content was published on Mar 24, 2000 It was a week of shocks and surprises on the financial front and the country’s biggest telecommunications company celebrated some impressive figures. Some of the main stories of the week were: * Paris, Amsterdam and Brussels announced the merger of their Bourses creating Euroland’s biggest financial trading centre. London remains Europe’s largest stock exchange overall.…

Modern telecommunications won’t stop people from travelling to have a chat

This content was published on Mar 24, 2000 High-speed telecommunication services like e-mail, Internet, telephone, as well as video conferences apparently do not stop people from travelling distances, great and small, to have a one to one. According to a survey conducted by the National Research Foundation, business people are travelling and will travel just as much despite the new technologies. The study…

Credit Suisse First Boston denies wrongdoing in Ukraine loan probe

This content was published on Mar 24, 2000 Representatives of Credit Suisse First Boston (CSFB) have told a United States Congressional Banking Committee that the Swiss group was not involved in any illegal transactions in a loan scandal involving Ukraine and the International Monetary Fund. James Healy, head of CSFB’s emerging markets division, told the Banking Committee in Washington that an internal investigation…

Kuoni now biggest travel operator in India

This content was published on Mar 24, 2000 Switzerland’s biggest travel company, Kuoni, is to become the largest tour operator in India with its acquisition of Sita World Travel. The deal will go through on April 1 and the firm will be merged with Kuoni’s subsidiary already active in India. The takeover should be completed by the end of September and the new…

Switzerland suspends nuclear shipments to Britain

This content was published on Mar 24, 2000 Switzerland’s Federal Nuclear Energy Inspectorate has suspended all shipments of nuclear fuel rods to Britain’s Sellafield reprocessing plant, following growing concerns over security lapses. The institute says it will only allow shipments to resume once the British have shown significant improvements to Sellafield’s safety record. Similar bans have been imposed by Germany and Sweden. Sellafield…

Low voltage plan to bring the Internet into every home

This content was published on Mar 23, 2000 The Ascom telecommunications group reports that it is extending its field trials in one of the most future-oriented technologies – telecommunications over low-voltage power supply cables. The new technology, known as Powerline Communications (PLC) is considered promising for connecting households, and small and medium-sized enterprises. PLC offers fast access to telecommunications networks, with its speed…

Glittering Basel 2000 jewellery and watch exhibition opens its doors

This content was published on Mar 23, 2000 The world’s leading show for watches, clocks and jewellery has opened its doors in Basel against a background of change and innovation. During the next week, about 2,400 exhibitors from 41 countries are presenting their collections to 80,000 trade visitors. Basel 2000 is taking place at a time of confidence, particularly for the Swiss watch…

The Swiss National Bank surprises financial markets by new rate rise

This content was published on Mar 23, 2000 The SNB increased its target range for its three month London Interbank Offered Rate (LIBOR) by 75 points to 2.5 to 3.5 per cent. It said it wanted to keep market rates in the middle of the new range. Its statement said that economic growth was now forecast to be well above the two per…

Swisscom profits rise despite competition

This content was published on Mar 22, 2000 Despite increased competition in the telecommunication market, Swisscom has recorded a large increase in its net income for 1999, benefiting mainly from acquisitions and sell-offs. Net income rose 54 per cent to SFr2.4 billion. Turnover increased by 6.7 per cent, thanks to the purchase of the German mobile phone operator, Debitel. Operating income before those…

Economy to continue growing

This content was published on Mar 22, 2000 Forecasts for the Swiss economy are looking increasingly optimistic. The first quarterly report published this year by Switzerland’s main employers organisation is predicting growth of up to 2.2 per cent for the economy in 2000. The forecast is much the same as in the last outlook released in December, but the overall tone of the…

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THE WEEK IN REVIEW

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Modern telecommunications won’t stop people from travelling to have a chat

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Credit Suisse First Boston denies wrongdoing in Ukraine loan probe

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Kuoni now biggest travel operator in India

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Switzerland suspends nuclear shipments to Britain

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Low voltage plan to bring the Internet into every home

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Glittering Basel 2000 jewellery and watch exhibition opens its doors

More

The Swiss National Bank surprises financial markets by new rate rise

More

Swisscom profits rise despite competition

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Economy to continue growing

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