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Virtual stocks dominate the headlines

This content was published on Jun 29, 2001 The London-based virt-x, established last Monday, aims to capture 10 per cent of the European blue chip trading market within a year. It began by offering trading in Swiss and British blue chips and will include other European blue chips from Monday. By mid-July, more than 600 companies will be traded on the platform –…

Virt-x seeks to expand business

This content was published on Jun 29, 2001 Virt-x, created through the merger of The Swiss Exchange’s blue chip members and the British electronic trading platform, Tradepoint, is breaking the industry mould by offering cheap cross-border share trading. Virt-x operates under British financial regulations and it’s the first time that a country has allowed its blue chips to migrate abroad. The move is…

New multi-million franc plant to stay idle

This content was published on Jun 29, 2001 A SFr100 million ($55.65 million) new purpose-built plant near Basel for a specialty chemical, due to go into production on Sunday, is not going to start operations. The costly “white elephant” is no longer needed. Built in Muttenz by specialty chemicals company Clariant to produce on behalf of Procter and Gamble, the factory leaves the…

Swiss prepare for the euro

This content was published on Jun 29, 2001 While the move in six months time will not necessarily change the euro’s foreign exchange value, it is a psychologically important moment. However, the average Swiss is hardly likely to be overawed by the occasion because the national currency, the Swiss franc, is not going to disappear. “I don’t think that it’s so psychologically important…

Saia-Burgess expands presence in the United States

This content was published on Jun 29, 2001 A statement said the company had been selected by a major automotive supplier as a subsystem manufacturer for a new type of door lock. It named the partner as AvenMeritor, whose worldwide activities account for sales of $7 billion (SFr 12.57 billion). The contract includes the design, development and manufacture of a new type of…

Nestlé closes in on Schöller

This content was published on Jun 29, 2001 In a news release on Friday, the Vevey-based food company said that it was looking at consolidating its position as the global number two player in the ice-cream sector. “Nestlé announces that negotiations are in progress with the owners of Schöller Holding, with the intention of jointly determining ways and means to optimise the development…

Read more: Nestlé closes in on Schöller

Financial analysts take stock after dotcom crash

This content was published on Jun 29, 2001 Internet mania struck the financial markets in the late 1990s as the dotcom sector became viewed as the goose that laid the golden egg. But the correction that began towards the end of 2000 saw thousands of virtual businesses bite the dust and others lose much of their stock market value overnight. Many dotcom entrepreneurs…

Globalisation under discussion at Crans Montana Forum

This content was published on Jun 29, 2001 Now in its 14th year the event, which is similar to the World Economic Forum’s annual meeting in Davos, has become an important platform for the exchange of ideas. Business leaders are rubbing shoulders with presidents and prime ministers at the three-day meeting in the Swiss Alps. On the guest list this year are the…

Demand for Pro Helvetia funds still growing

This content was published on Jun 28, 2001 Pro Helvetia chose to fund 2,000 cultural projects, the same number as in 1999, with one third of them in Switzerland. The budget was SFr 32.2 million ($18 million) in 2000. The organisation is continuing to reorganise itself after being criticised for spending up to one third of its budget on its running costs. Last…

Outer space receives facelift

This content was published on Jun 28, 2001 The museum says the aim of the planetarium, the largest in Switzerland, is to “implant the notion that the earth is a unique, fascinating but also threatened ‘spaceship'”. The planetarium has been outfitted with a new video projection system which, combined with the existing slide projectors, will “convey the awesome beauty of the cosmos”. Museum…

Internal: Archive

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Internal: Archive

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Virtual stocks dominate the headlines

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Virt-x seeks to expand business

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New multi-million franc plant to stay idle

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Swiss prepare for the euro

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Saia-Burgess expands presence in the United States

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Nestlé closes in on Schöller

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Financial analysts take stock after dotcom crash

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Globalisation under discussion at Crans Montana Forum

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Demand for Pro Helvetia funds still growing

More

Outer space receives facelift

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