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Poll puts Swatch Group top of the image tree

This content was published on Jul 28, 2009 GfK Switzerland, the country’s largest market research company, together with researchers at Zurich University, placed chocolate maker Lindt & Sprüngli second and supermarket chain Migros third. About 3,400 people were asked in a survey about the image, profile, quality, innovation and emotional components of 112 companies. Computer peripherals company Logitech came fourth, followed by the…

Index points to increase in consumer spending

This content was published on Jul 28, 2009 The UBS Consumption Indicator recovered some ground in June but the bank’s economic researchers said on Tuesday that the index, based on consumer behaviour, remained below its long-term average. It jumped to 0.96 from 0.75 in May, registering its sharpest increase month-on-month in a year. A statement said that while the indicator’s level hints at…

Flu pandemic is also a laughing matter

This content was published on Jul 27, 2009 Television spots in the three national languages – German, French and Italian – have been produced in cooperation with comedians, according to the Federal Health Office. “It is a serious issue, but we believe at this stage we can afford a touch of humour,” said the health office’s Thomas Zeltner. He added that the campaign…

Julius Bär six-month profit down one-third

This content was published on Jul 27, 2009 The SFr324 million ($303 million) six-month profit for Switzerland’s largest dedicated asset manager however surpassed analysts’ expectations of SFr287 million. Operating income declined by 24 per cent to SFr 1.22 billion and the bank trimmed expenses by 12 per cent, it said in a statement released on Monday. Zurich-based Julius Bär said its consolidated balance…

Caution urged over caesarean trend

This content was published on Jul 27, 2009 The Geneva University Hospital team compiled health data for nearly 60,000 newborns between 1982 and 2004 – the largest ever Swiss study to compare neonatal outcomes across the different delivery methods and pregnancy times. Over the 20-year period, 13 per cent of births were delivered by caesarean, of which one third were elective – performed…

Tamiflu to be reimbursed by insurers

This content was published on Jul 26, 2009 The medicine, used to treat the H1N1 virus, will be made available free from August 1 to hospital patients, children aged over three and adults aged over 65. A box of ten Tamiflu pills costs around SFr80 ($74). The Federal Health Office confirmed on Sunday that even though pregnant women were a risk group for…

Does size matter for bankers?

This content was published on Jul 24, 2009 But just how do you properly judge the size of a bank and – apart from bragging rights – does it really matter how much a financial institution is worth when there is absolutely no intention of selling up? Credit Suisse effectively became the most expensive Swiss bank to buy in early summer of this…

Fired lingerie makers protest at embassies

This content was published on Jul 24, 2009 The company, with headquarters in Zurzach, said it would make 3,714 workers redundant at sister firms in Thailand and the Philippines. Triumph, which employs 40,000 people worldwide, said in a statement that a “general downturn in consumer demand” prompted the move. It said it had given written notices to employees according to law and that…

Syngenta prunes outlook as profits slip

This content was published on Jul 24, 2009 The Basel-based multinational posted a $1.39 billion (SFr1.49 billion) net profit for the first six months, down $1.52 billion from the same period last year. Analysts had expected net profits of $1.47 billion. Syngenta’s sales actually increased two per cent to $6.7 billion when figures are adjusted for currency fluctuations. The corporation had increased prices…

Safety first approach profits Credit Suisse

This content was published on Jul 23, 2009 Analysts praised the expectation-busting performance after previously expressing doubts over the sustainability of huge recent returns generated by United States rivals Goldman Sachs and JP Morgan. The results announced on Thursday follow a first-quarter windfall of SFr2 billion, placing Credit Suisse’s profit for the first half of 2009 at SFr3.57 billion. The bank had posted…

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Poll puts Swatch Group top of the image tree

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Index points to increase in consumer spending

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Flu pandemic is also a laughing matter

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Julius Bär six-month profit down one-third

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Caution urged over caesarean trend

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Tamiflu to be reimbursed by insurers

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Does size matter for bankers?

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Fired lingerie makers protest at embassies

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Syngenta prunes outlook as profits slip

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Safety first approach profits Credit Suisse

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