• Tue
  • Oct 21, 2014
  • Updated: 12:36pm

Swiss Franc

Let the good times roll

For a nation with a reputation for running their country as efficiently as they build their clocks, Switzerland's property market isn't exactly running to schedule. Far from following an orderly pattern, prices countrywide have risen relatively slowly since 1995.

Wednesday, 7 December, 2011, 12:00am

Zurich

A lack of space need not stunt the imagination. Zurich might be a small city in a small country but many of its people have developed a taste for stylish designs that favour function over frivolity.

22 Mar 2009 - 12:00am

Bahnhofstrasse, Zurich

Zurich's Bahnhofstrasse (right) meets you at the city's main railway station. It is an unmissable, tram-filled road lined with shops that runs down to the crystalline waters of Lake Zurich. Start walking and it's hardly a challenge to find Swiss timepieces, but if you want to combine style with practicality, head to evergreen Swatch (No 94, tel: 41 044 221 2866).

9 Sep 2007 - 12:00am

Danzas interim profits double

Danzas Holding has reported a doubling of first-half profit, beating analysts' estimates, because of cost cuts and increasing transport demand.

Net income climbed to 28 million Swiss francs (about HK$143.9 million) in the six months to June 30, from 11 million francs last year, the company said. Analysts were expecting income of 20 to 23 million francs.

28 Aug 1998 - 12:00am

Kuehne & Nagel posts record

Kuehne & Nagel, which has 475 bases in 82 countries, says its income before tax was 114.1 million Swiss francs (about HK$605.87 million) for 1996, a rise of 9.6 per cent on 1995. The company said it was the best result in its 107-year history.

25 Apr 1997 - 12:00am

Swiss forwarder's profit up 16.8pc

KUEHNE & Nagel, the Switzerland-based forwarding and logistics group, has reported a 16.8 per cent increase in net profit to 52.1 million Swiss francs (about HK$352.19 million).

Operating profit was up 4.3 per cent to 132.1 million francs and turnover 4.4 per cent to 5.16 billion francs.

1 May 1995 - 12:00am

Stelux in note buyback

STELUX Holdings International has paid 9.6 million Swiss francs (about HK$63.17 million) in a convertible notes buyback.

The notes have a face value of 20 million Swiss francs which will be due on March 31, 2001.

28 Mar 1995 - 12:00am

Varitronics in note issue

HONG Kong-listed Varitronix International will sign an agreement today to issue 50 million Swiss francs (about HK$261 million) of US$-Swiss franc, dual-currency convertible notes.

The issue, which is underwritten by Schroders, will be a private placement to institutional investors in Switzerland.

8 Feb 1994 - 12:00am

Emperor plans note offer

EMPEROR International Holdings is considering a HK$258 million Swiss franc-denominated five-year convertible note issue.

Daiwa Securities Bank (Switzerland) has agreed in principle to issue up to 50 million Swiss francs in convertible bearer notes due on December 31, 1998.

7 Dec 1993 - 12:00am

Daido issues $87m of bonds

DAIDO Concrete is issuing 17 million worth of Swiss francs (about HK$87.7 million) of convertible bonds to mature in April 1999.

The pay date is December 20 and the conversion period is January 4, 1994 to April 15, 1999.

27 Nov 1993 - 12:00am

Daido plans Swiss issue

DAIDO Concrete is to issue up to 17 million Swiss francs (about HK$87.6 million) of bearer notes, convertible into shares from January 4, to Swiss investors.

The manufacturer and seller of concrete piles yesterday said it had agreed on the note issue in principle with Nomura Bank (Switzerland), which would be the underwriter.

27 Nov 1993 - 12:00am

HKCB to boost working capital with $284m issue

HKCB Bank Holding Co is planning to issue 55 million Swiss francs (about HK$284 million) of convertible bearer notes to raise funds for general working capital purposes.

Arranger Bank Julius Baer & Co may require HKCB to increase the issue to 65 million francs.

17 Nov 1993 - 12:00am

Greenback on the slide

THE US dollar did not maintain its long July upward break against the Swiss franc and mark, it has steadied at the bottom of those patterns. I consider this choppy ranging as a top building indication. This signals the dollar will fall in exchange value.

1 Aug 1993 - 12:00am

Greenback rallies as Germans cut rates

THE US dollar kicked off the new year with a strong rally at the beginning of last week.

The Bundesbank's decision to lower money market rates by 0.15 per cent supported the dollar.

Although it reduced some of the pressure for currencies like the Irish punt and the French franc within the European exchange rate mechanism, the respite proved to be temporary.

10 Jan 1993 - 12:00am

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