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Swiss Re profit fails to meet market forecasts

This content was published on Feb 17, 2011 The company said in a statement on Thursday that it made a net loss for the fourth quarter after repaying an emergency loan it had received from United States billionaire Warren Buffett during the credit crisis. Swiss Re in November agreed to repay ahead of schedule a SFr3 billion loan from Buffett’s Berkshire Hathaway company.…

Nestlé records strong set of figures in 2010

This content was published on Feb 17, 2011 The company, which has its headquarters at Vevey in western Switzerland, said on Thursday it had sales of SFr107.9 billion ($114.3 billion), with organic growth of 6.2 per cent. Net profit was SFr34.2 billion which took into consideration the sale of its remaining stake in eyecare group Alcon to Novartis of Basel. During the year…

Goliath bourse could weigh on Swiss exchange

This content was published on Feb 17, 2011 The Swiss SIX Group would have to react to the creation of a new giant exchange by either diversifying its activities further or by sacrificing its independence, according to experts. On Tuesday, the New York Stock Exchange (NYSE Euronext) and the German Börse agreed terms for a ground breaking fusion. The deal marks the latest…

Swiss company celebrates 200th Ariane mission

This content was published on Feb 17, 2011 The launch is considered a landmark by the Swiss company Ruag Space, which has provided the payload faring, the part of the rocket that protects the payload, as well as guidance components, for all 200 Ariane missions. Constructed by an industrial consortium led by a division of European industrial giant EADS, the unmanned Johannes Kepler…

Tourism promotion efforts receive a boost

This content was published on Feb 16, 2011 The economics ministry said on Wednesday it would allocate an additional SFr12 million ($12.35 million) to promote the tourism industry in 2011 and 2012. The government’s innovation promotion agency has been allocated SFr 20 million to further support the export sector. The franc gained 12 per cent against the euro in 2010 and five per…

Helma Wennemers

This content was published on Feb 16, 2011 Helme Wennemers

Clariant posts surprise profit

This content was published on Feb 16, 2011 Clariant, based at Muttenz near Basel, on Wednesday posted a fourth-quarter net profit of SFr47 million ($48.8 million). A Reuters poll had predicted a net loss of SFr5.4 million. The group, which makes products that end up in a variety of goods, from shampoos to tyres and flat screen televisions, said it was looking forward…

Missing Lives

This content was published on Feb 15, 2011 During the Balkan wars, tens of thousands of people vanished. In almost every case, the missing had been murdered. For their families, the torment of not knowing has been drawn out – and for many it continues today. Thanks to science though, survivors can now find closure. (Photography by Nick Danziger, text by Rory MacLean)

Missing Lives (ORIGINAL)

This content was published on Feb 15, 2011 During the Balkan wars, tens of thousands of people vanished. In almost every case, the missing had been murdered. For their families, the torment of not knowing has been drawn out – and for many it continues today. Thanks to science though survivors can now find closure. (Photography by Nick Danziger, text by Rory MacLean)

Switzerland to step up tax cooperation

This content was published on Feb 15, 2011 Under renewed pressure from the OECD (Organisation for Economic Co-operation and Development), Switzerland will no longer necessarily demand the name and address of the person and bank concerned. The Swiss practice is currently being examined by international experts under a peer review, the first stage of which will end in June. Finance Minister Eveline Widmer-Schlumpf…

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Swiss Re profit fails to meet market forecasts

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Nestlé records strong set of figures in 2010

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Goliath bourse could weigh on Swiss exchange

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Swiss company celebrates 200th Ariane mission

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Tourism promotion efforts receive a boost

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Helma Wennemers

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Clariant posts surprise profit

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Missing Lives

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Missing Lives (ORIGINAL)

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Switzerland to step up tax cooperation

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