This business week ahead
A new launch on the Zurich stock exchange and talks on China's accession to the World Trade Organisation are two stories expected to make the business headlines this week.
The World Trade Organisation’s working party on China kicks off a closed door session today to prepare the final details for Beijing’s entry into the organisation.
China’s accession is imminent, after the United States gave its reluctant blessing, and the European Union ironed out its remaining problems with Beijing.
On Wednesday, the International Labour Organisation issues its annual report. The ILO has recently come under pressure to modernise, after the United Nations told it to better get to grips with globalisation.
On the local business front, the biotech company, Modex Therapeutics, is to launch on the Swiss stock exchange at the end of the week. On offer are 495,000 shares expected to be offered at between SFr148 and SFr168 per share. This would value the company at between SFr190 million and SFr220 million.
Based in Lausanne, Modex is famous for its T3R technology. That’s tissue repair, replacement and regeneration.
On Thursday, Phonak holding, which specialises in hearing aids and related technologies, is scheduled to release net profit figures. Phonak is a global leader in the field. Sales at the end of April that were up 21 per cent to SFr314 million.
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