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Engelberg comes in from the cold

This content was published on Mar 21, 2001 The theme of this year’s forum is “Science and Society in the Information Age – coping with (R)evolution”. An impressive backdrop to the forum will be provided by central Switzerland’s tallest peaks and a Baroque Benedictine monastery, which will also be the setting for some of the talks. The event will be divided into plenary…

Swiss central bank expected to leave interest rates unchanged

This content was published on Mar 21, 2001 The consensus among economists is that the SNB will hold firm on its target range of 3.0 to 4.0 per cent, at least until the European Central Bank (ECB) changes its own interest rates. Cantrade Private Bank economist, Marcus Allenspach, told swissinfo that the SNB’s priority is to keep the Swiss franc-euro rate stable, so…

Syngenta cuts product line to boost profit margins

This content was published on Mar 21, 2001 Speaking to Swiss financial newspaper, “Finanz und Wirtschaft”, Pragnell said Syngenta would reduce the number of products in the pipeline from 121 to 76 over the next three years and divest those that are less profitable. “This will help Syngenta focus its energies and make it more understandable to shareholders,” Pragnell added. Syngenta also announced…

Profits soar at Geberit

This content was published on Mar 21, 2001 The company, based in canton St Gallen, said in a statement on Wednesday that it expected solid organic growth this year despite a difficult economic environment, especially in its key market, Germany. Weak consumer sentiment and stagnating construction activity in eastern Germany have weighed heavily on business in that country recently. “Given better financial results…

Kuoni reports rising profits despite weakness in Europe

This content was published on Mar 21, 2001 Net profit last year rose 32 per cent at SFr115.1 million ($68 million) and the company proposed increasing its dividend from SFr11 to SFr12 per share. Sales over the year increased 17 per cent to SFr3.5 billion. Analysts were disappointed that the net profit figure failed to meet expectations of around SFr120 million for 2000.…

Radiation fears persist over mobile phone antennae

This content was published on Mar 20, 2001 At a press conference on Tuesday, experts from the Swiss Environment Agency said there was no conclusive proof that high frequency electromagnetic fields had negative effects on health. Instead, they issued recommendations for how the measurement of radiation levels from mobile telephone antennae should be calculated. “There has not been much change since the actual…

Sun fails to shine on Mount Rigi celebrations

This content was published on Mar 20, 2001 A few dozen people made the pilgrimage to the top of Mount Rigi, which looms 1,400 metres above Lake Lucerne, to celebrate the global event grandly called the “World Day of Planetary Consciousness”. While celebrations were taking place around the globe, following the sun as it moved across the planet from east to west, pilgrims…

Von Roll recovers after difficult year

This content was published on Mar 20, 2001 However, Von Roll’s chief executive Martin Messmer told swissinfo that the company had not made as much progress as he had hoped. “We only started our reorganisation programme “Focus 2000″ in the middle of last year,” Messmer explained. “We have had some successes but we have to continue with the programme over the next two…

Global warming hits Switzerland

This content was published on Mar 20, 2001 An international report, released by the Swiss environmental authorities, showed that between 1961 and 1990 average temperatures increased by one per cent in Switzerland, whereas it rose by 0.6 per cent in other countries over the entire century. The level of rainfall rose by 12 per cent in Switzerland, compared to a global average of…

Zurich adds US alliance to overseas interests

This content was published on Mar 20, 2001 Under the new agreement, announced on Tuesday, Zurich’s United States-based Farmers Insurance group will link up with Bank of America to offer services in several markets from July. The companies said the alliance was unmatched by competitors in US banking and insurance. “The United States is the largest market in the world. We believe this…

Internal: Archive

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Engelberg comes in from the cold

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Swiss central bank expected to leave interest rates unchanged

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Syngenta cuts product line to boost profit margins

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Profits soar at Geberit

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Kuoni reports rising profits despite weakness in Europe

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Radiation fears persist over mobile phone antennae

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Sun fails to shine on Mount Rigi celebrations

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Von Roll recovers after difficult year

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Global warming hits Switzerland

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Zurich adds US alliance to overseas interests

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