Published: 05 Feb 2013 13:33 GMT+01:00 | Print version
Updated: 05 Feb 2013 13:33 GMT+01:00
Swiss watchmakers posted record exports last year of 21.4 billion francs ($23.5 billion), which was nearly 11 percent more than a year earlier, the Federation of the Swiss Watch Industry said Tuesday.
"In an often unfavourable economic climate, the Swiss watch industry clearly managed to hold its own," the federation said in a statement.
The Swiss watchmaking industry has over the past three years seen an unprecedented surge in sales, especially in China, which is displaying an increasing appetite for European luxury goods.
That trend might be shifting however.
In December, Swiss watch exports slipped 5.6 percent to 1.8 billion Swiss francs, with a 15-percent drop in their biggest market, Hong Kong, and a full 32.3-percent plunge in mainland China.
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Chinese Premier Li Keqiang embarks this weekend on his first foreign trip since taking office, with a stop in Switzerland on the itinerary and free trade talks between the two countries close to completion. READ () »
The Salvation Army band carrying Switzerland’s hopes into the Eurovision Song Contest was vanquished on Thursday night in Malmö, Sweden. READ () »
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International Cycling Union (UCI) president Pat McQuaid can count on the support of the Swiss federation in his bid for re-election, the sport's global governing body said on Thursday. READ () »
Switzerland headed to the world ice hockey championship semifinals after a 2-1 win over the Czech Republic on Thursday in Stockholm. READ () »
The chairman of newborn mining and commodities giant Glencore Xstrata, John Bond, was on Thursday axed by its annual general meeting in Zug, just weeks after the Swiss-based group was created via a merger of two key players. READ () »
United Nations chief Ban Ki-moon has nominated former Kenyan minister and member of parliament Mukhisa Kituyi to lead the UN's Geneva-based trade and development body when the current chief steps down at the end of August. READ () »
Geneva-based luxury goods giant Richemont boosted net profit for the 2012-2013 year by 30 percent as expected, with strong performances in its jewellery and watch divisions and by favourable exchange rates, the group said on Thursday. READ () »
Swiss-based labour federations Industrial Global Union and UNI Global Union on Thursday praised top retailers for joining their drive to make Bangladesh's garment factories safer, after 1,127 people died in a factory collapse last month. READ () »