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British firm bids for Selecta

This content was published on Feb 12, 2001 Compass is offering to pay SFr540 ($327) per share to take control of the two thirds of the enterprise it doesn’t already own. The news sent Selecta’s share price rocketing by nearly 28 per cent on the Zurich Stock Exchange to SFr530 per share on Monday. The friendly cash offer by one of the world’s…

Couchepin calls for new round of world trade talks

This content was published on Feb 12, 2001 Couchepin said on Monday that he hoped a new round of talks would be opened at the next meeting of World Trade Organisation (WTO) in Qatar in November. He said that as long as deadlock persisted at the WTO, poorer countries would continue to suffer economic exclusion “because the WTO is the only forum where…

Roche wins EU approval for cancer drug

This content was published on Feb 12, 2001 In a statement, the Basel-based pharmaceutical group said Xeloda would be more effective than current treatments and easier for patients to take than intravenous chemotherapy. The EU’s backing follows two controlled tests involving 1200 patients. The drug is already approved for this use in many countries including Switzerland, Canada and Australia. It’s also used in…

Financial institutions target growing band of small investors

This content was published on Feb 11, 2001 Aimed at people seeking new kinds of investment products, Fonds 2001 revealed just how vast a selection is available in Switzerland, Gregor Johner one of the organisers of Fonds 2001, told swissinfo. “There are 2,600 mutual funds on offer here alone. So it is difficult for people to get an overview as they have to…

Davos Forum hackers wanted to “attack the rich and powerful”

This content was published on Feb 11, 2001 In an interview with the Swiss weekly newspaper, “SonntagsZeitung,” the group justified its actions, saying that it had used “good sabotage” to make a statement about the freedom of information. They were quoted as saying that the cyber-attack had been an attempt to destabilise the forum and “undermine the influence of the Davos authorities”. They…

Brunei seeks Swiss financial know-how

This content was published on Feb 10, 2001 Couchepin became Switzerland’s first minister ever to visit Brunei during his trip on Saturday. He was due to return to Singapore on Sunday, where he has been conducting “exploratory talks” on a free trade agreement between the Asian city-state and the European Free Trade Association (EFTA). At a meeting with Brunei’s industry minister, Abdul Rahman…

Sell-off of Swissair “unthinkable” says carrier chief

This content was published on Feb 10, 2001 In January, Honegger took over as the interim chief executive of SAirGroup after Philippe Bruggisser stepped down. SAirGroup, which has called a halt to all new investment and acquisitions in the airline industry, underwent a major shake up following Bruggisser’s departure. On Saturday, Honegger told the Swiss media that SAirGroup rests on two pillars: its…

Airline executives hope to keep Qualiflyer alliance alive

This content was published on Feb 9, 2001 The announcement comes as SAirGroup faces tough decisions over its relationships with its partner airlines worldwide. Following a meeting in Zurich on Friday, executives from the Qualiflyer member airlines, said they “recognised the group’s value for their clients, as well as for the carriers themselves”. The group also announced that its members plan to “reinforce…

Business Outlook

This content was published on Feb 9, 2001 The life sciences giant, Novartis, is due on Thursday to release its results for 2000. Analysts are forecasting net profit of SFr6.9 billion ($4.1 billion). Novartis remains the subject of discussions about possible mergers and acquisitions. Its chief executive, Daniel Vasella, said recently that he wanted the company to be bigger. He said power in…

Boston bridge links engineering with art

This content was published on Feb 9, 2001 Designer Christian Menn conceived the bridge as a symbolic landmark linking Boston’s future with its historic past. His intention was that it should reflect, with its inverted Y-shaped towers, the shape of the Bunker Hill monument in nearby Charlestown. Scheduled for completion in 2004, it will be open to traffic before then as each stage…

Internal: Archive

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British firm bids for Selecta

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Couchepin calls for new round of world trade talks

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Roche wins EU approval for cancer drug

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Financial institutions target growing band of small investors

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Davos Forum hackers wanted to “attack the rich and powerful”

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Brunei seeks Swiss financial know-how

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Sell-off of Swissair “unthinkable” says carrier chief

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Airline executives hope to keep Qualiflyer alliance alive

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Business Outlook

More

Boston bridge links engineering with art

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