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Shareholders of algroup approve merger with Alcan

This content was published on Jul 17, 2000 Around 500 shareholders attended the algroup extraordinary general meeting on Monday in Zurich and, as expected, accepted the recommendations of the company’s board. The vote paves the way for a share exchange set for August and the creation in October of the world’s second largest aluminium producer with annual revenues of SFr20.5 billion. Only Alcoa…

McDonalds forces Swiss firm to drop Mc from name

This content was published on Jul 17, 2000 The company had to change its name after McDonalds filed its complaint to the United States Tradename and Patent Office. The case is currently under appeal, but the Basel-based firm, which employs 45 people and provides up-market global health care for 1,000 Swiss and German executives, said it had been cowed into changing its name…

Gstaad was not a complete wash-out

This content was published on Jul 17, 2000 Spaniard Alex Corretja’s victory over Mariano Puerta of Argentina crowned a tournament during which weather more befitting of a week in November constantly drowned out play. Time and again organisers were forced to rearrange matches in an effort to keep the order-of-play on schedule. They tried everything; simply being patient, playing on extra courts, even…

Biennial aims to bring ceramics to the people

This content was published on Jul 17, 2000 “Our aim is the participation of people not normally associated with this branch of the arts and crafts,” says one of the organisers, Brigitte Steinemann-Reis. “We are delighted that shopkeepers in Lucerne as well as cultural centres are providing space for ceramics.” The focal point of the biennial is an exhibition in the Löwengraben cultural…

Households bear burden of soaring health costs

This content was published on Jul 17, 2000 The study, which appeared in the statistical journal “The public health system in Switzerland”, analysed health expenditure for 1997. In that year, health costs reached a total of SFr38 billion, a rise of nearly three per cent compared to 1996. The figures suggest that the public is footing the bill for as much as 70…

Fears of damage to festival terrain

This content was published on Jul 17, 2000 Organisers say repair work is needed on part of the land surface, which was churned up by the combination of weather and crowds. The full extent of the damage will not be known until later in the week, but in the meantime sand is being used to stabilise the terrain. Festival director Philippe Cornu said…

Basel port sees sharp rise in river goods business

This content was published on Jul 17, 2000 The Basel docks handled an additional 750,000 tonnes of goods, according to the latest figures. A total of 4,267 million tonnes came through the port. The authorities say business is expected to increase further in the second half of the year, with more fuel products likely to be transported in the run-up to winter. Comparative…

WTO to resume talks on Chinese membership

This content was published on Jul 17, 2000 A three-day informal meeting of the working party negotiating China’s accession gets underway on Wednesday. Members will be holding intensive talks on Beijing’s draft protocol of accession laying out the membership terms. The talks will go into recess but are expected to resume after the summer break with the aim of ensuring that China becomes…

Georg Fischer posts 21 per cent rise in turnover

This content was published on Jul 17, 2000 The Schaffhausen-based company said its turnover in the first six months reached SFr1.8 billion. Earnings before interest and taxes rose by 34 per cent to SFr121 million. Profits also rose sharply. Fischer said its half-yearly profit was SFr70 million – nine per cent up on the same period of 1999. The company, which concentrates mainly…

The week ahead: A flurry of first half results

This content was published on Jul 17, 2000 However, this could lead to a more volatile situation because smaller trades tend to lead to larger fluctuations. On the corporate front, much attention will be fixed on Monday’s meeting of shareholders at the algroup which will decide whether to approve the merger with the Canadian aluminium company, Alcan. Also on Monday, first half results…

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Shareholders of algroup approve merger with Alcan

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McDonalds forces Swiss firm to drop Mc from name

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Gstaad was not a complete wash-out

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Biennial aims to bring ceramics to the people

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Households bear burden of soaring health costs

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Fears of damage to festival terrain

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Basel port sees sharp rise in river goods business

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WTO to resume talks on Chinese membership

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Georg Fischer posts 21 per cent rise in turnover

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The week ahead: A flurry of first half results

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