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Swiss National Bank expected to cut interest rates

This content was published on Jun 8, 2001 Despite economic growth for the first quarter of 2001 coming in at the top end of economists’ expectations, increasing 2.5 per cent on an annualised basis, most pundits still expect an easing in monetary policy to offset a predicted slowdown in economic growth as the year progresses. The Swiss government’s economic advisory panel said it…

Swiss firm greases the wheels of big business

This content was published on Jun 8, 2001 Tucked away in the community of Hasle-Rüegsau in the heart of the Emme valley, Blaser Swisslube thrives on innovation in an industry that is likely to leave most people yawning. However, industrial giants like Boeing, Airbus, Ford and Mitsubishi all use Blaser Swisslube products. The chairman and chief executive, Peter Blaser, told swissinfo that the…

Unemployment rate remains steady

This content was published on Jun 8, 2001 The number of people unemployed in Switzerland now stands at 61,097, slightly down from April’s figure of 63,032. The number of job vacancies has also remained steady at 14,195. Analysts said the unemployment data could be seen as another sign of a cooling of the Swiss economy, fanning expectations that the Swiss National Bank might…

Study reveals Swiss internet habits

This content was published on Jun 7, 2001 It reveals that, on average, the Swiss surf the internet 14 times a month and that on every occasion, they log on for about 26 minutes. Men continue to dominate home internet use and spend twice as long as women on the web. On every session on the web, Swiss users look at about 40…

Double-digit sales growth for Novartis in US

This content was published on Jun 7, 2001 In an interview with the German-language newspaper “Weltwoche”, on Thursday, Novartis chairman, Daniel Vasella, said the firm was steadily improving its position in the American market. “Compared with US companies, we naturally have a smaller percentage of our sales in the United States, but we are growing fast,” Vasella said. “We grew more than 20…

Swiss economy expands by 2.5 per cent

This content was published on Jun 7, 2001 Economists had expected gross domestic product (GDP) – the broadest measure of economic output -to grow by between 2.2 and 2.5 per cent, compared to 2.5 per cent growth in the previous quarter. Despite coming in at the top end of economists’ expectations the latest GDP data hasn’t dampened hopes for a cut in Swiss…

Profits shine at Richemont

This content was published on Jun 7, 2001 Releasing the figures on Thursday, the Swiss company, which owns a portfolio of leading brand names, also plans for a 100-for-one share split. The proposal follows changes to Swiss company law permitting lower nominal values per share. Sales at the company increased by 26 per cent to €3.6 billion, with jewellery sales rising 31 per…

Revealing secrets of the castle keeps

This content was published on Jun 6, 2001 Like the count, tourists first came to the Bernese Oberland in the first half of the 19th century, drawn by the paddle steamers, which still ply many of Switzerland’s lakes. Until that time the region was a relative backwater, only of interest to the nobility which controlled the meagre trade between the Oberland and the…

Vincent Landon books a place in the sun

This content was published on Jun 6, 2001 Given the astonishing regularity of its appearance – by all accounts, it’s never missed a day – it’s perhaps suprising that we still marvel at sunrise and sunset and seek out-of-the way places to observe it. On the sun-lovers’ itinerary, Rigi-Kulm near Lucerne is pretty much a must. Watching the sunrise from the summit has…

Swiss banks hold SFr3.72 trillion in assets

This content was published on Jun 6, 2001 The annual survey of 375 banks, released on Wednesday, includes all assets held in customer securities portfolios at both Swiss banks and Swiss affiliates of foreign banks. Not included are assets that Swiss banks manage for customers outside Switzerland. The SNB said that a total of SFr2.056 trillion was attributable to foreign account holders (up…

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Internal: Archive

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Swiss National Bank expected to cut interest rates

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Swiss firm greases the wheels of big business

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Unemployment rate remains steady

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Study reveals Swiss internet habits

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Double-digit sales growth for Novartis in US

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Swiss economy expands by 2.5 per cent

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Profits shine at Richemont

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Revealing secrets of the castle keeps

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Vincent Landon books a place in the sun

More

Swiss banks hold SFr3.72 trillion in assets

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