Internal: Archive

Germany to tighten Swiss border controls before euro

This content was published on Aug 24, 2001 In a statement, the German finance ministry said it fears the two-month changeover from national currencies will make it easier to transfer cash reserves back to the country of origin to change it into the new currency. The German government said it would combat the increased risk of money laundering with “comprehensive, strengthened cash checks…

Von Roll improves results

This content was published on Aug 24, 2001 A statement from company headquarters in Zurich said that sales, at SFr830 million, were down five per cent. During the first six months, Von Roll said orders rose by eight per cent to SFr994, mainly because of a contract for the construction of three waste treatment plants in Germany and the United States. Operating profit…

Profit at Rieter takes a fall

This content was published on Aug 24, 2001 The Winterthur-based company said in a statement that it would be a “great challenge” to top last year’s net profit in 2001. Rieter posted a 2000 net profit of SFr146 million on sales of SFr2.93 billion. The company said it expected sales and operating profit to rise this year, although sales growth would probably slow…

Brazil patent threat takes Roche by surprise

This content was published on Aug 23, 2001 The Brazilian government made the move on Wednesday, saying the medication was urgently needed by sufferers and that it did not have the funds to pay for it. The drug, called Viracept or Nelfinavir, is a vital ingredient in the drugs cocktail which Brazil supplies to thousands of people with Aids. The compound is designed…

Balance of payments breaks all records

This content was published on Aug 23, 2001 The SNB said that in relation to gross domestic product, the current account surplus reached 13 per cent, compared with 11 per cent in the previous year. A statement said exports and imports of goods had expanded by more than 10 per cent in 2000. It added that mainly as a result of higher oil…

Sulzer looks forward to “high” profit in 2001

This content was published on Aug 23, 2001 Group first-half profit jumped to SFr120 million ($72.51 million), after a SFr11 million loss for the comparable period in 2000. The company had net sales of SFr1.873 billion and an operating income of SFr161 million. The company, which is completing a reorganisation, said in a statement that it had a SFr185 million pre-tax profit on…

Brazil to break patent on Roche Aids drug

This content was published on Aug 23, 2001 Brazil’s health minister, Jose Serra, said on Wednesday that he would employ a clause in the country’s 1997 intellectual property law which allows patents to be broken in cases of national emergency or when companies employ abusive pricing policies. “After six month of negotiation and after exhausting all the possibilities for an agreement with Roche…

Swisscom says it is “solid as a rock”

This content was published on Aug 23, 2001 The company said on Thursday that this was mainly due to the sale of a 25 per cent stake in Swisscom Mobile to Vodafone and property divestments. In a statement, Swisscom said sales revenue was up by 2.8 per cent to SFr7.02 billion. For the full financial year, Swisscom said it expected a slight rise…

Tourism sector upbeat despite slowing economic growth

This content was published on Aug 22, 2001 Speaking at the launch of the tourist board’s autumn campaign, Jürg Schmid, the head of Switzerland Tourism, told swissinfo that last year would be hard to match. The tourist industry recorded its best year yet in 2000, thanks to the “Millennium effect”, which pushed US visitors numbers up by 14 per cent. “The very strong…

Nestlé set for another record performance

This content was published on Aug 22, 2001 Nestlé said its profit for the first half of the year expanded to SFr3.15 billion ($1.9 billion) on sales of SFr41.2 billion. The company’s operating profit, however, rose a more modest 0.4 per cent to SFr4.36 billion. “All over the world, the group made good progress in its sales and that is evident if you…

Internal: Archive

Popular Stories

Most Discussed

Internal: Archive

More

Germany to tighten Swiss border controls before euro

More

Von Roll improves results

More

Profit at Rieter takes a fall

More

Brazil patent threat takes Roche by surprise

More

Balance of payments breaks all records

More

Sulzer looks forward to “high” profit in 2001

More

Brazil to break patent on Roche Aids drug

More

Swisscom says it is “solid as a rock”

More

Tourism sector upbeat despite slowing economic growth

More

Nestlé set for another record performance

Popular Stories

Most Discussed