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US Congress told of slowness of Holocaust payments

This content was published on Feb 10, 2000 The process of distributing money to Holocaust victims from the $1.25 billion compensation settlement by Swiss banks is going far too slowly, the United States congress has been told. The head of the World Jewish Congress, Israel Singer (pictured) told the hearing Swiss officials were dragging their feet. Singer, who was a negotiator in the…

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Novartis teams up with Quaker Oats to milk functional foods market

This content was published on Feb 10, 2000 The Swiss life sciences group, Novartis, has confirmed reports that it is setting up a functional foods joint venture in North America with US company, Quaker Oats. The Wall Street Journal and Financial Times newspapers reported that the new 50-50 venture would be called Altus Food Co. and be based in Chicago. Novartis is to…

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Oerlikon-Bührle ends string of poor results

This content was published on Feb 10, 2000 The Oerlikon-Bührle group in Zurich, which has undergone major changes over the past few months, says that it will probably break even this year after making a loss of SFr169 million in 1998. The company said that turnover last year was almost SFr2.9 billion. This is more than 20 per cent lower than 1998 but…

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Warburg Dillion Reed to expand in Tokyo

This content was published on Feb 10, 2000 Warburg Dillon Reed, the investment banking arm of Swiss financial services group UBS, is planning to double the size of its corporate finance group in Tokyo. At present it has fewer than 40 staff for corporate finance in Tokyo but the number will be boosted to more than 70 by the end of the year.…

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Novartis to set up joint company with Quaker Oats

This content was published on Feb 10, 2000 The Swiss life sciences group, Novartis, has confirmed reports that it is setting up a functional foods joint venture in North America with US company, Quaker Oats. The Wall Street Journal and Financial Times newspapers reported that the new 50-50 venture would be called Altus Food Co. and be based in Chicago. Novartis is to…

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Consumer confidence hits 11-year high

This content was published on Feb 10, 2000 Consumers in Switzerland are in a confident mood about spending and the general state of the Swiss economy, according to the economics ministry. Figures just released show that the index of Swiss consumer confidence reached 18 points in January, its highest level since 1989, which was a good year for the Swiss economy. The quarterly…

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Swatch wins prize for design protection

This content was published on Feb 10, 2000 The Swiss watch-making group, Swatch, has been recognised for its extensive use of an international system to protect designs. The chairman of the Biel-based company, Nicolas Hayek (pictured), was awarded a medal by the World Intellectual Property Organisation in Geneva. The medal was handed to Hayek at a ceremony marking the registration by Swatch of…

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Upbeat forecast for most sectors of the Swiss economy

This content was published on Feb 9, 2000 The upswing in the Swiss economy is continuing, according to experts in Zürich. Industrial companies, the service sector and the construction industry registered growth, but there are signs in some sectors the labour market is drying up. Businesses believe the economic recovery continued and spread during the fourth quarter of 1999, reported KOF, the economic…

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Young internet trouble-shooter gunning for the big time

This content was published on Feb 9, 2000 A young Swiss entrepreneur, who specialises in technical maintenance and communication for the Internet, says his company is to create 140 jobs by opening a help centre in the town of Biel. BNS Holding, which was founded only three years ago by 24-year-old Stefan Buess with a starting capital of just SFr2,000, will move its…

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Swiss delegation taking part in key world trade talks

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US Congress told of slowness of Holocaust payments

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Novartis teams up with Quaker Oats to milk functional foods market

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Oerlikon-Bührle ends string of poor results

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Warburg Dillion Reed to expand in Tokyo

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Novartis to set up joint company with Quaker Oats

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Consumer confidence hits 11-year high

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Swatch wins prize for design protection

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Upbeat forecast for most sectors of the Swiss economy

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Young internet trouble-shooter gunning for the big time

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