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Economic slump helps firms innovate

This content was published on Feb 20, 2012 Vaud-based precision engineering company Tesa is one of a few hundred Swiss small and medium-sized businesses (SMEs) to be awarded part of a SFr100 million ($107 million) economic stimulus fund. In the Lausanne suburb of Renens, an icy wind is blowing around the apartment blocks and over the roof of the Tesa factory. Inside, the…

Global trader cements Swiss roots with listing

This content was published on Feb 19, 2012 The company has grown to a significant size in recent years by helping other firms trade in foreign markets. Yet DKSH has a low profile in Switzerland where it has been dubbed the “silent giant” by the media. Parent company Diethelm Keller Holding, headquartered in Zurich, announced this week that it intends to publicly list…

Swiss come into US sights again over Iran

This content was published on Feb 18, 2012 At issue are new economic sanctions against Iran passed by the US Congress at the end of last year, and which come into force on July 1. Both the European Union and the US have imposed sanctions because they believe Iran is developing nuclear weapons. Iran says its nuclear progamme is for peaceful purposes only.…

Swiss clear sale of Orange Switzerland to Apax

This content was published on Feb 17, 2012 It was announced in December 2011 that the number three in the Swiss telecoms market would be sold to Apax for SFr2 billion ($2.2 billion). However, the move was subject to the go-ahead from the Swiss authorities. In a statement, Comco said that it had no objections to the deal. “The preliminary check has not…

Sarkozy denies tax haven slur

This content was published on Feb 16, 2012 He also denied he had treated his neighbour as a tax haven at the G20 summit in Cannes last year. Sarkozy was speaking on Wednesday in the French commune of Annecy, 35 kilometres south of Geneva, where he declared his candidacy for a second presidential term. “I never treated Switzerland as a tax haven. I…

Breast cancer rates continue to fall

This content was published on Feb 16, 2012 They found that the breast cancer mortality rate between 2002-2006 fell by seven per cent, dropping from 17.9 to 16.7 deaths per 100,000 women. They expect a decrease of nine per cent for the period 2006-2012. The largest mortality rate fall was seen in northern European countries – it was down 38 per cent in…

Taking bird feeders to the next level

This content was published on Feb 16, 2012

ABB reports profits boost for 2011

This content was published on Feb 16, 2012 There was a “solid performance” for the fourth quarter, the group said in a statement, on a combination of strong revenue growth and cost savings. For 2011 the company reached $40 billion in orders for the first time ever and reported record revenues of $38 billion. ABB’s products are used by oil, mining and utility…

Zurich makes a profit despite difficult 2011

This content was published on Feb 16, 2012 The Swiss group posted $3.75 billion (SFr3.46 billion) net profit, with turnover rising one per cent to $68.5 billion. However the fourth quarter profit of $557 million was 46 per cent lower than the same period in 2010. “We delivered a good result in a year characterised by natural catastrophes, including devastating earthquakes in Japan…

Nestlé posts profits but expects tough 2012

This content was published on Feb 16, 2012 The results published on Thursday compare with a 2010 profit of SFr34.23 billion, which was inflated by the sale of Nestlé’s stake in eye care company Alcon that added SFr24.5 billion net to its balance sheet. Sales growth was 7.5 per cent, exceeding analysts’ expectations. Turnover fell slightly less than expected to SFr83.6 billion, down…

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Economic slump helps firms innovate

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Global trader cements Swiss roots with listing

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Swiss come into US sights again over Iran

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Swiss clear sale of Orange Switzerland to Apax

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Sarkozy denies tax haven slur

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Breast cancer rates continue to fall

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Taking bird feeders to the next level

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ABB reports profits boost for 2011

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Zurich makes a profit despite difficult 2011

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Nestlé posts profits but expects tough 2012

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