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Scientists pinpoint small rare tumours

This content was published on Aug 15, 2008 A new diagnostic procedure developed as a result of the discovery means highly precise operations are now possible. Surgery has already been tested successfully on two patients in Bern. In a laboratory finding, scientists discovered a way of making the 1-2cm tumours visible using a radioactive molecule which binds itself to a protein that is…

Swatch records drop in first-half profit

This content was published on Aug 15, 2008 The world’s leading watchmaker says the fall in profit is the result of unrealised value adjustments on portfolios and foreign investments due to weak stock markets. Operative net profit grew 16 per cent to SFr593 million in the first half of the year, according to a company statement on Thursday. Swatch said the positive sales…

US releases UBS tax evasion witness

This content was published on Aug 14, 2008 UBS’s head of wealth management Americas, Martin Liechti, had not been allowed to leave the US after being named as a material witness in May. He appeared before a Senate hearing in July, but refused to testify. The US Internal Revenue Service and the Department of Justice are investigating whether UBS staff helped wealthy clients…

Sailing the Mediterranean with a marine mammal conservation organisation

This content was published on Aug 14, 2008 Sailing the Mediterranean with a marine mammal conservation organisation.

Voters to be given chance to halt urban sprawl

This content was published on Aug 14, 2008 The environmental groups, spatial planning experts and parliamentarians submitted more than 110,000 signatures on Thursday to force a nationwide vote on the issue. The 16 different groups included the Swiss chapter of Friends of the Earth and WWF. “There is widespread support in the population for our fight to protect our environment, which we saw…

Consumers pessimistic about their finances

This content was published on Aug 14, 2008 Seco said the Swiss had become more pessimistic about the general state of the Swiss economy, their own financial situation over the past 12 months and the future. Seco said overall consumer confidence dropped 17 points in July compared with the April survey. The Swiss were most pessimistic about what the future holds for the…

Swiss Life strengthens German position

This content was published on Aug 14, 2008 At the same time, Swiss Life increased its holdings in MLP’s rival, AWD, to more than 96 per cent. Swiss Life said on Thursday it was acquiring the shares of Carsten Maschmeyer in MLP for around SFr500 million ($459 million), as well as Maschmeyer’s remaining stake in AWD for SFr194 million. In return, Maschmeyer has…

Credit Suisse fined for mispricing scam

This content was published on Aug 13, 2008 The deception resulted in the bank having to write down $2.85 billion (SFr3.1 billion) in February, just days after announcing its 2007 results. A Credit Suisse investigation found that a “handful” of traders had intentionally mispriced certain asset-backed securities to make their positions look healthier than they were. The bank said it had disciplined offenders…

ZFS on target with first-half profit

This content was published on Aug 13, 2008 Europe’s fourth-largest insurance group said on Wednesday it remained on track to achieve its efficiency targets. Gross written premiums and policy fees rose eight per cent to $20.6 billion. Chief executive James Schiro said the company was on course to cut costs by $800 million each year up to 2010 as part of an efficiency…

Swisscom half-year profit below forecast

This content was published on Aug 13, 2008 This is below the forecast of Fr876 million set by analysts. In a statement, Swisscom attributed the lower than expected results to withdrawal from leasing agreements. For the 2008 financial year, Swisscom expects to post net revenue of around SFr12.3 billion and operating income of around SFr4.8 billion. Swisscom also expressed confidence that payouts to…

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Scientists pinpoint small rare tumours

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Swatch records drop in first-half profit

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US releases UBS tax evasion witness

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Sailing the Mediterranean with a marine mammal conservation organisation

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Voters to be given chance to halt urban sprawl

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Consumers pessimistic about their finances

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Swiss Life strengthens German position

More

Credit Suisse fined for mispricing scam

More

ZFS on target with first-half profit

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Swisscom half-year profit below forecast

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