Internal: Archive

Roche posts encouraging half year results

This content was published on Jul 22, 2010 Sales were up three per cent in Swiss francs to SFr24.6 billion. Roche said that major drivers included the group’s leading cancer medicines, with sales of its oncology portofolio rising by nine per cent to SFr11.1 billion. But it noted that the net-profit increase was primarily achieved as a result of much lower charges incurred…

ABB profits slow as big orders drop

This content was published on Jul 22, 2010 The report released on Thursday showed the second consecutive decline in quarterly earnings for the Swiss-based company, the world’s largest builder of electricity networks. The company, which also builds robots for industrial use, blamed the slowdown on European and United States buyers who had postponed large investments in items like electricity grids. Smaller orders, those…

Leuthard receives support from Sarkozy

This content was published on Jul 21, 2010 In 2011 France will chair the G20, a group of finance ministers and central bank governors from 20 economies: 19 countries plus the European Union. Switzerland is not a member. Speaking in Paris, Leuthard said Switzerland – the seventh-largest financial centre in the world – wanted to bring ideas to discussions and be able to…

Euro purchases push central bank into red

This content was published on Jul 21, 2010 The Swiss National Bank (SNB) said on Wednesday that it spent around SFr132 billion to keep the Swiss franc down by boosting the demand for euros. The money went largely to buying the common European currency. The Swiss franc still climbed against the euro during the first six months of the year, amounting to more…

Synthetic food dyes raise alarm

This content was published on Jul 20, 2010 From Tuesday, sweets and soft drinks containing azo dyes – which account for more than half of all dyes used in food and textile manufacture – will be sold with a warning in the EU, as they are thought to contribute to hyperactivity among children. In the EU, products containing azo colouring or quinoline yellow…

Swiss foreign exports see growth

This content was published on Jul 20, 2010 The watch industry showed the most impressive turnaround compared with the same period one year ago, according to a statement on Tuesday. But most industrial sectors also recorded improvements in the flow of exports. Foreign exports rose nominally by 8.2 per cent (a “real” rise of six per cent after stripping out price fluctuations) to…

Swiss score low for parental leave

This content was published on Jul 20, 2010 The study, by the United States-based Center for Economic and Policy Research, found that Swiss neighbour Germany and the Nordic countries topped the list. The research looked into 21 high-income nations and showed that Sweden ranked highest for gender equality of parental leave – meaning fathers were included too – while Germany and Sweden were…

Federal court backs UBS data handover

This content was published on Jul 19, 2010 The Federal Administrative Court ruling rejected an appeal by a UBS client opposing the transfer of data. The court found that an accord between the two countries that had been approved by parliament on June 17 should be enforced by Switzerland. The treaty signed by the countries last year sets out the handover of 4,450…

Climate scientists still trying to restore trust

This content was published on Jul 19, 2010 Earlier this month, separate British and Dutch inquiries backed the findings of the United Nations Intergovernmental Panel on Climate Change (IPCC). However, Urs Neu, climate specialist with the Swiss Academy of Natural Sciences, says it is not clear whether the reputation of the panel of experts will completely be rehabilitated. Remember back to November 2009…

Retail chain wins top spot

This content was published on Jul 19, 2010 The Swatch Group came second, while the chocolate maker Lindt & Sprüngli was third in an annual review by the GfK Switzerland market research company. UBS bank came bottom of the list – as it did last year – and Credit Suisse finished 44th, up five positions. The Federal Railways and Swiss Post, two state-run…

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Internal: Archive

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Roche posts encouraging half year results

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ABB profits slow as big orders drop

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Leuthard receives support from Sarkozy

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Euro purchases push central bank into red

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Synthetic food dyes raise alarm

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Swiss foreign exports see growth

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Swiss score low for parental leave

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Federal court backs UBS data handover

More

Climate scientists still trying to restore trust

More

Retail chain wins top spot

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