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Swiss revenues exceed government forecasts

This content was published on Jul 25, 2000 The federal authorities took in SFr26 billion in revenues in the first half of 2000 compared to SFr21 billion in the first six months of 1999, according to the finance ministry. Total revenue for this year is expected at SFr42 billion. But the finance ministry said it is too early to tell whether the stronger…

Micronas posts 600 per cent profit

This content was published on Jul 25, 2000 Net profits rose from SFr5.5 million to SFr32.6 million, the company said on Tuesday. It attributed the growth to increased consumer and automotive demand, which continued in the second quarter of this year. Key markets – in Europe, Asia and the United States – also showed growth. Micronas said it expected good annual results with…

Stock index seeks to promote socially responsible companies

This content was published on Jul 25, 2000 The Dow Jones Sustainability Group Index is a joint venture between Dow Jones Indexes in New York and the Zurich-based company, Sustainable Asset Management. It includes more than 200 companies based on their commitment to the environment, their use of technology, corporate relations and their treatment of the workforce. The index represents 68 industries from…

Zurich Design Collection goes beyond mere appearances

This content was published on Jul 25, 2000 Vegetable peelers, toasters, computer mice, teapots and tape recorders: there isn’t much the managers of the collection think is unworthy of display as a treasure of design. The only restrictions are that they should be the products of Swiss industry produced in a series in the 20th century. Norbert Wild, the deputy curator of the…

Swiss feel pinch at Hanover Expo 2000

This content was published on Jul 25, 2000 Representatives of the official Swiss pavilion, the “Swiss Sound Box”, admit Expo 2000 has so far failed to attract anything like the expected 40 million visitors. But the pavilion’s spokeswoman, Clare Schnyder, said it was still too early to draw conclusions, even though a third of Expo’s time is already up. The German government warned…

Associate of late Nigerian dictator fined for money laundering

This content was published on Jul 25, 2000 The Nigerian entrepreneur admitted aiding the transfer of SFr108 million into the accounts. The money has already been handed back to the Nigerian government. He showed willingness to co-operate with the police and was therefore spared a prison sentence, Swiss authorities said. The federal police also announced late on Monday they had frozen more accounts…

Swiss stocks break through 8,000 level

This content was published on Jul 24, 2000 At the close in Zurich on Monday, the SMI was up more than 100 points to 8009. It is now well above its year-low of 6,739, but remains far short of its all-time high of 8,489 reached in July 1998. The next key level for the market is the 8,050 level, although in the current…

Coop Bank registers good first half profits

This content was published on Jul 24, 2000 The bank’s total business actually slipped back by 2.6 per cent to SFr9.2 billion. But home loans made over the period increased by SFr150.2 million. The bank is forecasting continued gains for the remainder of the year. The Coop Bank was bought in February by the Basle City Cantonal Bank, which now controls 40.7 per…

Some like it hot in Zurich

This content was published on Jul 24, 2000 Tucked away in a quiet residential area in central Zurich, The Big Chili offers not only chili sauces but a whole array of chili products and specialities such as chili chewing gum and chili flavoured biscuits. “Our customers love the hottest possible sauces,” said The Big Chili’s April Jones. “The reason is because of the…

Economy continues to grow

This content was published on Jul 24, 2000 The institute said the economy has been in a more robust phase of growth since the middle of last year, with unemployment falling and productivity rising. In the first quarter of the year, economic growth was expanding at a rate not seen for 10 years. The industrial and construction sectors both did particularly well. Order…

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Swiss revenues exceed government forecasts

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Micronas posts 600 per cent profit

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Stock index seeks to promote socially responsible companies

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Zurich Design Collection goes beyond mere appearances

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Swiss feel pinch at Hanover Expo 2000

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Associate of late Nigerian dictator fined for money laundering

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Swiss stocks break through 8,000 level

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Coop Bank registers good first half profits

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Some like it hot in Zurich

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Economy continues to grow

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