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The business week in Switzerland

This content was published on Jun 9, 2000 Switzerland’s jobless rate fell to just 1.9 per cent in May, the lowest figure in more than eight years. The figure for April was 2.1 per cent. Announcing the news, the economics minister, Pascal Couchepin, said he expected a further decline over the coming months. The Swiss franc traded at near two-month highs against the…

Unemployment dips below 2 per cent

This content was published on Jun 9, 2000 The economics minister, Pascal Couchepin, said the figures represented an important moment for the Swiss economy. He said the exceptional figures were partly due to current economic conditions, but that the flexibility of the labour market, stable labour relations and the quality of training were also responsible. Looking at the regional figures, the ministry said…

European bourses seek ways of reducing wild share price fluctuations

This content was published on Jun 9, 2000 European bourses are to issue new guidelines for regulators and antitrust officials on releasing share-sensitive news to minimise wild price swings. “The euro has created such a merger and acquistions market that the issue of releasing sensitive information is becoming more and more urgent,” said Paul Arlmann, the secretary-general of FESE. News from regulators about…

Unaxis clinches deal with Taiwan

This content was published on Jun 9, 2000 “The Industrial Development Bureau of the Ministry of Economic Affairs of Taiwan has chosen Unaxis to create a long-term partnership for the development of the data storage, display products and semi-conductor industries in Taiwan,” said a company statement. The statement added that Unaxis will cooperate with the Industrial Development Bureau, companies and research organisations to…

That will be 150,000 francs for your stay, Madam

This content was published on Jun 9, 2000 But, there are hotels at which the guests see no reason to even wince when the receptionist hands them a bill of SFr150,000. In fact, the hotel staff have been handing out such bills for the past 40 years. Welcome to the five-star Bürgenstock hotel complex overlooking Lake Lucerne. The three hotels, the Park, the…

ABB sails with the wind

This content was published on Jun 9, 2000 ABB outlined its strategy at a news conference Thursday in London. “We have developed technologies that make wind power and other renewable and alternative energies economically attractive for the first time – both small-scale and large-scale solutions,” said Göran Lindahl, ABB’s chief executive officer. “Especially important is the information technology and communication features that we’ve…

France to use Swiss method to test for mad cow disease

This content was published on Jun 8, 2000 The French farm ministry said the tests would be performed nationwide, but primarily in Brittany, Normandy and in the Loire valley – the worst-affected regions. France will use a test developed by the Zurich-based firm, Prionics. One of the company’s founders, Markus Moser, expressed surprise that the “Prionics check” was chosen over two others, including…

Swiss economy soars ahead

This content was published on Jun 8, 2000 That follows GDP growth of 4.4 per cent in the last quarter of 1999 over the third quarter. The economics ministry said the rise over the last six months represented the strongest period of growth for more than a decade. The ministry also noted that besides the strong growth, unemployment was down to almost two…

Reorientation in Credit Suisse group

This content was published on Jun 8, 2000 From July 1, Credit Suisse Financial Services will include five business units tailored to the specific needs of its clients and the markets – Winterthur Insurance, Winterthur Life and Pensions, Credit Suisse Banking, Credit Suisse Personal Finance and Credit Suisse e-Business – as well as a joint Technology and Service unit. A statement said that…

Givaudan adds flavour to the stock exchange

This content was published on Jun 8, 2000 Givaudan, based in Geneva, is a leading manufacturer of smells and tastes which go into perfumes, consumer goods, food and drink. “This is a very significant time for our company as we move another step closer towards being the undisputed leader in the flavour and fragrance industry,” chief executive Jürg Witmer told Roche shareholders last…

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The business week in Switzerland

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Unemployment dips below 2 per cent

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European bourses seek ways of reducing wild share price fluctuations

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Unaxis clinches deal with Taiwan

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That will be 150,000 francs for your stay, Madam

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ABB sails with the wind

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France to use Swiss method to test for mad cow disease

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Swiss economy soars ahead

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Reorientation in Credit Suisse group

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Givaudan adds flavour to the stock exchange

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