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Swatch Group clocks up record figures

This content was published on Mar 14, 2008 The group made SFr1.017 billion ($1.01 billion) last year, up 22 per cent compared with 2006. Turnover increased by nearly 18 per cent, to SFr5.94 billion. However, the company issued a cautious note in a statement issued on Friday. It cited fears about the fall in the exchange rate of the world’s major currencies against…

Brain specialists look into risky business

This content was published on Mar 14, 2008 They say the findings, published in the Journal of Neuroscience, will eventually help the financial world develop more reliable models for predicting market activity. According to Peter Bossaerts, professor at the Federal Institute of Technology in Lausanne, there are marked differences between how the brain calculates risk and how financial markets calculate risk. Bossaerts and…

Swatch Group clocks up record figures

This content was published on Mar 14, 2008 The group, which is based in Biel, said it had benefited from rising demand for its top-range watches – including Breguet and Blancpain – as part of a worldwide boom for luxury goods, particularly in China. Turnover increased nearly 18 per cent to SFr5.94 billion, a statement said on Friday. The Swatch Group gave an…

Yahoo moves European base to Switzerland

This content was published on Mar 13, 2008 The California-based group said it would move to a site at Rolle, on the shores of Lake Geneva, within 18 months. Yahoo said five per cent of its European work force would be involved in the move. A spokeswoman declined to say how many staff Yahoo had in Europe and whether the move would result…

SNB leaves interest rate unchanged

This content was published on Mar 13, 2008 It added however that the outlook for the Swiss economy had worsened as the global credit crisis dragged on. “Given the deterioration in the international environment, this slowdown will be somewhat more pronounced than anticipated previously,” the SNB said in a statement after Thursday’s decision. It followed similar announcements last week by the European Central…

Kuoni posts record results

This content was published on Mar 13, 2008 The company said the result was above the market average and came despite pressure on business margins. Sales, which grew 15 per cent to SFr4.7 billion, were boosted by beneficial conditions and a favourable economic climate, according to a company statement. Kuoni is cautiously optimistic for the current year as booking levels in the tour…

Nestlé bets on premium chocolate

This content was published on Mar 13, 2008 High-quality chocolate is currently enjoying a worldwide boom, with the market growing by eight per cent a year, and Nestlé intends to increase its share by developing recipes and products in the new centre. The company’s Chocolate Centre of Excellence is to be located inside the company’s Cailler factory at Broc in canton Fribourg and…

Railways boss proposes end to strike

This content was published on Mar 12, 2008 Railway’s head Andreas Mayer made the proposal after a meeting with Transport Minister Moritz Leuenberger, and cantonal government representatives as well as parliamentarians from cantons Ticino and Graubünden. Union representatives were not invited. Employees have been striking at the locomotive maintenance workshops in Bellinzona, canton Ticino, since cutbacks and a transfer of their work to…

Swiss boasts it has reached “cruising altitude”

This content was published on Mar 12, 2008 But a leading aviation analyst told swissinfo that a lack of detailed information meant it was hard to draw any firm conclusions about the financial health of Switzerland’s former national carrier. Swiss’s earnings before interest and taxes (EBIT) rose from SFr231 million ($225 million) in 2006 to SFr571 million last year. Total income from operating…

Mating wolves to be better protected

This content was published on Mar 11, 2008 The Federal Environment Office said wolves should only be hunted down in areas where they attacked a guarded flock of sheep, but not in a habitat where they are present during mating. The Environment Office said on Tuesday that current guidelines had to be updated as more wolves were migrating into Switzerland and packs needed…

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Swatch Group clocks up record figures

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Brain specialists look into risky business

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Swatch Group clocks up record figures

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Yahoo moves European base to Switzerland

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SNB leaves interest rate unchanged

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Kuoni posts record results

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Nestlé bets on premium chocolate

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Railways boss proposes end to strike

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Swiss boasts it has reached “cruising altitude”

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Mating wolves to be better protected

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