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Credit Suisse names new head for overall operations in Japan

This content was published on Feb 3, 2000 Credit Suisse has named a new head, Yuji Suzuki, as the new head of its entire operations in Japan, as part of moves to re-establish its reputation in the country. Suzuki, who has been at the Industrial Bank of Japan for more than 30 years, knows the Japanese business scene extremely well, said a spokeswoman…

Pressure mounts for merger between Swiss Federal Railways and Berne operator

This content was published on Feb 3, 2000 One of Switzerland’s main private railways, the BLS Lötschberg Railway, is facing growing pressure to merge with the Swiss Federal Railways. Media reports say BLS is adamantly opposed to any deal, which would undermine its independence. The idea of a merger was first mooted last November, when the chairman of the Federal Railways, Thierry Lalive…

Clariant reports disappointing sales for 1999

This content was published on Feb 3, 2000 The world’s largest specialty chemicals company, Clariant, has reported slow sales for 1999, with turnover increasing by only one per cent over the previous year to SFr9.158 billion. But the company is playing down the results, saying it expects a “sustained upswing” in its target markets this year. Clariant attributed the slight increase in sales…

ABB shows record profits

This content was published on Feb 3, 2000 The Swiss-Swedish engineering firm, ABB, has published its yearly results showing a 24 per cent rise in net profits. Profits rose to almost SFr2.7 billion, well above the estimates of most analysts. Turnover was up four per cent at nearly SFr41 billion. Eleanor Sharraz, who’s a trader at Bank Leu, says the profit figure is…

Doctors back uniform tariff system

This content was published on Feb 2, 2000 After years of often bitter negotiations, Swiss doctors have agreed to introduce a new uniform tariff system, clearing the way for the much-delayed overhaul of the health insurance system. The Swiss Doctors’ Federation reached the agreement on the TarMed fee structure at its assembly in Berne. 144 members of the federation’s highest body backed the…

Controversial rail freight accord being signed with Italy

This content was published on Feb 2, 2000 A rail cargo joint venture between the Swiss Federal Railways and Italian state railways is due to be signed today. But rail workers in Italy have opposed the new co-operation agreement and have called for a strike on February 18. The signing ceremony in Rome was due to be attended by the Swiss Transport Minister,…

Swiss fare well in new Forbes survey

This content was published on Feb 2, 2000 Switzerland’s standing as one of the countries with the lowest overall rates of taxation has been confirmed in a new survey by the American business magazine “Forbes Global”. In a survey of direct taxation, social security contributions and indirect taxes in 30 countries, Switzerland finds itself in 14th place, at a rate comparable with the…

Julius Bär bank reports sharp rise in profits

This content was published on Feb 2, 2000 The private bank and asset manager Julius Bär has reported healthy results for 1999. Pretax profits rose to SFr396 million, a gain of seven per cent from SFr370 million the previous year. Profit after tax fell 11 per cent to SFr268 million but the drop reflected changes in taxation law that saw an exceptional boost…

Controversial Swiss, Italian rail cargo venture signed

This content was published on Feb 2, 2000 A rail cargo joint venture between the Swiss Federal Railways and Italian State Railways has been signed in Rome, creating the second biggest concern in European freight transport. However, rail workers in Italy have opposed the new co-operation agreement and have called for a strike on February 18. The two rail companies have formed Cargo…

Government approves revision of pension scheme

This content was published on Feb 2, 2000 The Swiss cabinet has approved the latest revision of the old age pension scheme which foresees a cut in government expenditure of SFr1.3 billion. The Interior minister, Ruth Dreifuss, (pictured) presented the proposals to the cabinet. The aim of the 11th revision of the old age pension scheme is to consolidate the progress that has…

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Credit Suisse names new head for overall operations in Japan

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Pressure mounts for merger between Swiss Federal Railways and Berne operator

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Clariant reports disappointing sales for 1999

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ABB shows record profits

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Doctors back uniform tariff system

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Controversial rail freight accord being signed with Italy

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Swiss fare well in new Forbes survey

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Julius Bär bank reports sharp rise in profits

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Controversial Swiss, Italian rail cargo venture signed

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Government approves revision of pension scheme

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