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SMEs see growth momentum easing

This content was published on Jul 30, 2008 The bank’s economists also say there are growing signs that the economy will have to be content with more modest growth in the coming quarters. The latest survey shows that the business climate among the 700 SMEs that responded to a questionnaire remained positive in the second quarter. But it adds that the solid growth…

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This content was published on Jul 28, 2008 Send us your news photos to ireport@swissinfo.ch

Trial resumes over Brazilian tax scam

This content was published on Jul 28, 2008 The five defendants, who face up to five years in jail if found guilty, have dismissed the allegations and claim they are the victims of slander. The trial at the Federal Criminal Court is expected to take two weeks, but no date for the publication of the verdict has been set. The case dates back…

Cheese exports go from strength to strength

This content was published on Jul 28, 2008 Imports rose more than 15 per cent in the same period compared with a year ago, according to the Swiss cheese marketing organisation. Cheeses such as Tilsiter, Raclette and Tête de Moine boosted sales abroad by 961 tonnes, while Gruyère was the market leader among the hard variety. However, Switzerland’s most popular export cheese, Emmental,…

Two-way trade blossoms with China

This content was published on Jul 28, 2008 Whereas in the past investment was all one way, in recent years Chinese companies have begun to establish a foothold in Switzerland. “Switzerland’s major companies were into globalisation long before those of other countries, because the Swiss domestic market is very limited and we lack raw materials,” explains Massimo Baggi, responsible for economic relations with…

Lake Geneva goes bananas

This content was published on Jul 26, 2008 Michel Loeb, head of Chiquita Europe, confirmed reports on Friday that the leading distributor of bananas in the United States was relocating to the small municipality of Rolle, canton Vaud, overlooking Lake Geneva. Daniel Belotti, president of Rolle, said he was delighted. “This is extremely good news which will put Rolle on people’s lips around…

Eating affects the body clock

This content was published on Jul 26, 2008 A Geneva University study, published in the American medical journal Cell, found that a metabolic enzyme known as SIRT1 stimulated the timing element in genes, helping to regulate the body’s functions. According to the Frontiers in Genetics research, the brain contains a central “clock” in that is in charge of body functioning. This clock then…

UBS faces securities fraud lawsuit

This content was published on Jul 25, 2008 The bank said in a statement that it would “vigorously defend” itself against the charges. Andrew Cuomo announced on Thursday that he had filed a civil lawsuit against the bank for misleading investors about the potential risks of the auction-rate securities – corporate or municipal bonds with variable interest rates. The lawsuit contends UBS continued…

Swiss citizen arrests deepen Libyan crisis

This content was published on Jul 24, 2008 The pair were held as Libya rolled out a retaliatory response to the arrest of Moammar Gaddafi’s son Hannibal in Geneva on July 15, including the alleged suspension of oil supplies to Switzerland on Thursday. The Swiss nationals, one of whom is an employee of Swedish-Swiss firm ABB, have been formally arrested and charged with…

CS beats estimates but is still way down

This content was published on Jul 24, 2008 The bank, which reported a SFr2.1 billion loss in the first quarter, its first quarterly loss in five years, said that its investment bank, private bank and asset management business had all posted profits. Credit Suisse had been expected to post a net profit of SFr526 million in the second quarter, according to a Reuters…

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Internal: Archive

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SMEs see growth momentum easing

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You the reporter

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Trial resumes over Brazilian tax scam

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Cheese exports go from strength to strength

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Two-way trade blossoms with China

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Lake Geneva goes bananas

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Eating affects the body clock

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UBS faces securities fraud lawsuit

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Swiss citizen arrests deepen Libyan crisis

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CS beats estimates but is still way down

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