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Business & Money - The Local

US approves Chinese mega deal with Swiss company
The chairmans of ChemChina and Syngenta met in February to discuss the deal. Photo: Michael Buholzer/AFP

ChemChina's takeover of Syngenta would be by far the biggest-ever overseas acquisition by a Chinese firm.

Nespresso inventor says wife and Rome cafe inspired 'pod'
A trained rocket engineer, Favre joined Nestle's packaging department in 1975. Photo: AFP

Had Eric Favre not married an Italian woman, it's possible none of us would be drinking Nespresso.

Nestle optimistic despite dip in profits
Nestle's headquarters in Vevey. Photo: Nestle

The Vevey-based company sees profits fall 9.1 percent.

Swiss pharma in hot water over South Korea violations
The Novartis building in Basel. Photo: Fabrice Coffrini/AFP

Company executives were charged with offering illegal discounts to doctors, according to reports.

Transparency row drives pair to quit Panama Papers unit
Pieth (L) and Stiglitz (C) with Panamanian President Juan Carlos Varela. Photo: AFP

"How could you have a committee on transparency that itself was not going to be transparent?"

Swiss bank bounces back from losses
File photo: Emmanuel Dunand

Credit Suisse is back in profit following a first quarter dip.

Van Gogh, Monet paintings seized in Malaysia graft probe
The works were seized following a request from the United States, one of several countries probing alleged massive fraud at the Malaysian state fund 1MDB. Photo: AFP

Switzerland has seized a painting by Vincent Van Gogh and two others by Claude Monet as part of the global investigation into Malaysia's scandal-tainted sovereign wealth fund, an official said on Friday.

Swatch shares plummet after drop in sales
File photo: Fabrice Coffrini/AFP

Sales of the Swiss watch brand slumped in the first half of the year.

Faced with Brexit, Swiss central bank vows 'flexibility'
"In the short term, Switzerland must react with flexibility to the changes affecting financial markets and the global economy," Jordan said. Photo: AFP

Switzerland's central bank will react with "flexibility" to the shifting economic realities following Britain's vote to leave the European Union, its chief said in a newspaper interview published Sunday.

France demands data haul from Swiss bank
File photo: The Local

Information relates to allegations of tax fraud in France by UBS.

Swiss giant Nestlé bucks history with new top dog
Schneider, 50, is a German-US national. Photo: Daniel Roland/AFP

The appointment of new CEO Ulf Mark Schneider marks a new, nutrition-focused era for Nestlé.

France demands Swiss bank UBS face fraud trial
File photo: Martin Abegglen

The bank is accused of orchestrating a vast system of tax fraud in France.

Swiss-based IT worker at Panama Papers firm released
The identity of the man who worked at the Geneva offices of Mossack Fonseca has been withheld. Photo: AFP

A Swiss-based IT worker arrested earlier this month on suspicion of stealing documents from the law firm at the centre of the Panama Papers scandal was released from custody on Friday, his lawyer said.

SNB moves to stabilize franc after Brexit vote
The SNB is worried about the franc's strength. Photo: AFP

Central bank intervenes in the foreign exchange market to stabilize the franc following Brexit.

Switzerland's Nespresso to bring Cuban coffee to US
A plantation on the Sierra Maestra Mountains, in eastern Cuban province of Santiago de Cuba. Photo: AFP

Nestle-owned Nespresso announced Monday it will reintroduce Cuban coffee to the US for the first time in more than 50 years following the easing of United States sanctions on Cuba.

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