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Swiss Re to sell of Bermuda-based subsidiary

This content was published on Dec 7, 2000 In a statement on Thursday, the company said its holding would be sold to two buyers: the captive management and risk finance consulting operations of IRMG is to be acquired by the Aon Corporation, while the property loss consulting business of IRMG – Global Risk Consultants – will be acquired in a management buy-out. It…

Economy continues to grow but slowly

This content was published on Dec 7, 2000 The State Secretariat for Economic Affairs said Gross Domestic Product grew two per cent in the third quarter, down from 2.8 per cent in the second. But compared to the same period last year, growth was up by 3.6 per cent. The figures were at the higher end of expectations, and as a result the…

Internet web site aims to combat art theft

This content was published on Dec 7, 2000 Between 1997 and 1999 the number of art objects stolen in Europe rose by 80 per cent and only three per cent of them have been recovered. The company says it takes at least a month and a half to alert the entire professional art world. “We are aiming to reduce that time to about…

Bidders fork out “paltry” sums for Swiss UMTS licences

This content was published on Dec 6, 2000 It took just three hours for the four operators – Swisscom, Orange, Telefonica of Spain and dSpeed (Sunrise/diAx) – to place their bids and walk away with their Universal Mobile Telecommunications System (UMTS) licences. Only Orange paid more than the minimum bid price of SFr50 million, forking out SFr55 million for a licence whose equivalent…

Credit Suisse called to account for Abacha dealings

This content was published on Dec 6, 2000 The federal banking commission on Wednesday confirmed that it had filed a formal complaint against Credit Suisse for accepting millions of dollars in deposits belonging to Abacha and his family and associates. It said the case had been referred to the supervisory body of the Swiss Bankers Association, which enforces self-regulation in the banking industry.…

WTO criticises Swiss farm subsidies

This content was published on Dec 6, 2000 In the report released on Wednesday, the WTO said Switzerland’s efforts to liberalise the agricultural sector had been “unsatisfactory”. It said farmers were still excessively protected. The report notes that reforms initiated in 1993 had led to less state intervention in agriculture, but had not resulted in any significant cut in subsidies. It said state…

Roche and Aventis unveil anti-cancer offensive

This content was published on Dec 6, 2000 The deal, announced on Wednesday, aims to accelerate the study of two powerful anti-cancer drugs to improve early cancer treatment. In a statement from its headquarters in Basel, Roche said the accord would promote studies combining its Herceptin drug with the Taxotere drug, which was discovered, developed and marketed globally by Aventis. Roche’s Herceptin was…

Swiss banks lead Europe’s online banking

This content was published on Dec 6, 2000 In a study published on Wednesday, Forrester Research, based in Cambridge, Massachusetts, ranked the French Banque Directe and BNP Paribas in third and fourth positions. “The Swiss banks shine through with comprehensive, integrated offerings,” said Brian Gross, an analyst at Forrester’s European headquarters in Amsterdam. “Consistently integrating a gamut of products and services with useful…

UMTS auction unlikely to boost federal coffers

This content was published on Dec 6, 2000 The first round of bidding for Switzerland’s Universal Mobile Telecommunications System (UMTS) kicked off on Wednesday morning, with Switzerland’s largest operator, Swisscom, bidding for a licence, along with Orange, Telefonica of Spain and Sunrise/diAx. The federal communications office has planned eight rounds of bidding on Wednesday, and a further eight on Thursday. However, the office’s…

Swiss and American experts discuss white-collar crime

This content was published on Dec 5, 2000 Government officials and financial experts from the private sector took part in the talks, which focused on bankers’ “know your customer” guidelines and measures to combat money laundering. The participants discussed cooperation between the two countries’ judicial authorities and the security forces. They looked at ways in which new technologies in the financial sectors are…

Internal: Archive

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Internal: Archive

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Swiss Re to sell of Bermuda-based subsidiary

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Economy continues to grow but slowly

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Internet web site aims to combat art theft

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Bidders fork out “paltry” sums for Swiss UMTS licences

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Credit Suisse called to account for Abacha dealings

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WTO criticises Swiss farm subsidies

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Roche and Aventis unveil anti-cancer offensive

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Swiss banks lead Europe’s online banking

More

UMTS auction unlikely to boost federal coffers

More

Swiss and American experts discuss white-collar crime

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