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Swiss Life quits British market

This content was published on Dec 9, 2004 The exit from the British market is being seen as one of the last major steps in Swiss Life’s ongoing restructuring programme. Switzerland’s largest life insurer said there would be a one-off charge of around SFr120 million against its 2004 earnings. But it added that the sale would free up SFr400 million in loans deployed…

Elections fail to spark interest in politics

This content was published on Dec 8, 2004 But the number of those favouring more direct democracy is on the rise. The Univox survey, carried out by researchers at Bern University, found that 63 per cent of those polled were “moderately interested” in politics, just two per cent more than two years previously. Last year’s elections resulted in gains for the right-wing Swiss…

Swiss Post and unions make peace for Christmas

This content was published on Dec 8, 2004 An agreement was worked out on Wednesday among Swiss Post, the Communication and Transfair unions, after months of arguing over the collective labour contract. At the centre of the dispute was a plan by Swiss Post to set up independent subsidiaries to carry out some of its operations. Unions had argued that such a step…

Unemployment hits seven-month high

This content was published on Dec 8, 2004 The number of people out of work at the end of November stood at 152,049 – the highest level for seven months. The State Secretariat for Economic Affairs (Seco) said on Wednesday that the unemployment rate now stood at 3.9 per cent – up from 3.7 per cent in October. However, Seco emphasised that it…

Food giant bets on healthy metabolism

This content was published on Dec 7, 2004 Researchers are hoping that by recommending an appropriate diet, consumers will be able to delay or prevent some diseases and generally have a healthier life. Metabolic diseases, heart disease, obesity, diabetes, osteoporosis and hypertension are slowly becoming major health issues all around the world. According to scientists who gathered recently at Nestlé’s research centre above…

Cheer for pupils’ progress might be premature

This content was published on Dec 7, 2004 The second “Pisa” study of 41 countries was released on Tuesday and came as something of a relief to Swiss educationalists, after the country’s poor showing in the first, conducted in 2000. The results, from the Programme for International Student Assessment (Pisa), showed that 15-year-olds in Switzerland had climbed in the international rankings in science…

Education heads urge continuation of reforms

This content was published on Dec 7, 2004 They said the general improvement showed that reforms were working and should be continued. The official findings of the Pisa report for 2003 were released on Tuesday. The report was based on tests carried out among 15-year-olds in OECD countries and other nations. The cantonal education heads expressed their satisfaction with the good results achieved…

Credit Suisse to absorb investment bank

This content was published on Dec 7, 2004 Switzerland’s second largest bank said on Tuesday that Credit Suisse First Boston would focus on niche markets as part of the reorganisation. Analysts say CSFB has been slipping in the industry’s rankings and is no longer seen as one of the top five Wall Street players. “Essentially this means there is now one group,” said…

Emmi shares prove a hit at the bourse

This content was published on Dec 6, 2004 The shares went for as much as ten per cent higher than the issue price. In only the fourth Swiss initial public offering this year, Emmi priced its stock at SFr100 ($87.76) – the top end of its indicated range of SFr90-100 and said each share was ten times over-subscribed. After opening at SFr104.50, the…

High expectations for Emmi shares

This content was published on Dec 5, 2004 It hopes to raise about SFr100 million with the initial public offering. The company said in a statement on Sunday that its offering of up to one million new shares at a price range of SFr90-100 were ten times oversubscribed. Emmi said it would make its debut on the bourse with a market capitalisation of…

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Swiss Life quits British market

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Elections fail to spark interest in politics

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Swiss Post and unions make peace for Christmas

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Unemployment hits seven-month high

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Food giant bets on healthy metabolism

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Cheer for pupils’ progress might be premature

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Education heads urge continuation of reforms

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Credit Suisse to absorb investment bank

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Emmi shares prove a hit at the bourse

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High expectations for Emmi shares

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