Archive – Banking & Fintech

Roche faces new hurdle in getting drug to US market

This content was published on Apr 12, 2006 Amgen, the world’s largest biotech company, has asked the US authorities to block imports of the “potential blockbuster” drug Cera, claiming Roche copied its processing methods. “Roche remains confident that Cera does not infringe on any patent. The fact that Cera was granted a patent in the US in 2003 shows that it is a…

The five stays but the one goes

This content was published on Apr 12, 2006 However, the one-centime coin is to disappear. The cabinet said it was no longer used for payments and its value was only symbolic. Finance minister Hans-Rudolf Merz had already said in the media in February that he was not in favour of withdrawing the five-centime coin from circulation. Consumers’ organisations, in particular, had raised objections…

Industrial sector shows dynamic growth

This content was published on Apr 12, 2006 Switzerland’s largest bank said on Wednesday that it expected the upturn to continue unabated in the second quarter of the year. A quarterly survey of 330 companies in March showed that all sectors benefited from the strong growth. Firms said they believed that it had not yet peaked. “The positive results means the entire Swiss…

Cantons say smog measures justified

This content was published on Apr 12, 2006 In all, the cantons which introduced the measure said smog levels dropped by up to ten per cent. But they say more has to be done. In February about half the country’s cantons – mainly in the German-speaking part of the country – reduced speed limits along motorways in northern and central Switzerland from 120…

UBS angles more wealthy American clients

This content was published on Apr 11, 2006 The deal to buy the brokerage unit for wealthy investors will strengthen UBS’s position in the United States. It also includes taking on $300 million in client loans from the Minnesota-based company. The purchase will increase UBS assets by $52 billion and add almost 90 branch offices located across 17 US states. Piper Jaffray, which…

Another record year for going bust

This content was published on Apr 11, 2006 The Federal Statistics Office said that 10,800 bankruptcies were filed, an increase of three per cent on the previous year, but that associated financial losses were down. This stood at SFr4.5 billion ($3.5 billion), 5.2 per cent less than in 2004. Liquidation proceedings in 10,500 cases were concluded in 2005, an increase of 2.1 per…

Experts tackle the effects of desertification

This content was published on Apr 11, 2006 The meeting, which started on Tuesday, will also focus on the plight of 25 million “environmental refugees” displaced by land degradation and food insecurity. “The issue of desertification has largely been ignored by the international community. There is a lack of interest and a lack of support,” Liliane Ortega, Swiss representative to the UN Convention…

Zurich is the “best place in world to work”

This content was published on Apr 10, 2006 Geneva ranks second in the annual Mercer Human Resource Consulting study, while the Greater Zurich Area was runner-up in the best European business location competition, of Foreign Direct Investment magazine. Zurich achieved high marks for its stable political environment, international relations, banking and health services in the Mercer poll, which compared 51 cities in 39…

Serono shares dip as strategy changes

This content was published on Apr 10, 2006 Monday’s announcement of the u-turn wiped more than ten per cent off Serono’s share value as the company battles to find a solution to the core problem of failing to produce new drugs. According to the firm’s website “Serono has a strong and deep pipeline with over 25 ongoing projects in development”. But the company’s…

Swisscom boss pushes for privatisation

This content was published on Apr 9, 2006 However Finance Minister Hans-Rudolf Merz said yesterday that the chances of parliament agreeing to the government selling its majority stake were “fifty-fifty”. In an interview with the NZZ am Sonntag newspaper, Schloter stressed his support for government plans to sell off its share but admitted it was too soon to say which way the privatisation…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Roche faces new hurdle in getting drug to US market

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The five stays but the one goes

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Industrial sector shows dynamic growth

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Cantons say smog measures justified

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UBS angles more wealthy American clients

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Another record year for going bust

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Experts tackle the effects of desertification

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Zurich is the “best place in world to work”

More

Serono shares dip as strategy changes

More

Swisscom boss pushes for privatisation

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