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Nestlé posts better than expected sales growth
Photo: AFP

Nestlé posts better than expected sales growth

Swiss-based Nestlé, the world's biggest producer of packaged food, on Friday posted better-than-expected growth in the first quarter despite currency exchange rates that hampered sales. READ  

Exporters fear impact of rising franc on business
Photo: AFP

Exporters fear impact of rising franc on business

With the franc again nearing parity with the euro, the mood of Swiss small and medium companies (SMEs) in the export business has never been as bad, a new report says. READ  

WTO slashes global growth forecast for 2015
WTO headquarters in Geneva. Photo: WTO

WTO slashes global growth forecast for 2015

Sluggish economies and global conflicts are taking their toll on world commerce, the Geneva-based World Trade Organization said on Tuesday as it slashed its trade growth outlook for 2015. READ  

Roche takes over US cancer analysis firm
Photo: Roche

Roche takes over US cancer analysis firm

Basel-based pharmaceutical giant Roche on Tuesday announced it had acquired a majority stake in US molecular and genomic analysis business Foundation Medicine for an undisclosed sum. READ  

Uber to appeal Geneva ban on its car ride app
Photo: Uber

Uber to appeal Geneva ban on its car ride app

Uber, the mobile app company that allows you to order a car ride from your smartphone, is appealing a ban on its activities in the canton of Geneva. READ  

Nina Ricci heiress jailed in 'SwissLeaks' case
Arlette Ricci jailed for fraud linked to a Geneva bank. Photo: AFP

Nina Ricci heiress jailed in 'SwissLeaks' case

A Paris court on Monday sentenced Nina Ricci's heiress to a year in prison and handed her a million-euro fine for tax fraud involving a Geneva bank, in the first ruling against a famous figure in the SwissLeaks scandal. READ  

HSBC Swiss unit faces French tax dodge probe
Photo: AFP

HSBC Swiss unit faces French tax dodge probe

British banking giant HSBC says it is facing a French criminal probe over its Swiss private banking arm, weeks after "SwissLeaks" allegations it had helped clients hide billions from the taxman. READ  

Holcim and Lafarge boards seal merger deal
Photo: AFP

Holcim and Lafarge boards seal merger deal

The boards of France's Lafarge and Switzerland's Holcim have approved Eric Olsen for the role of chief executive officer once the firms merge, creating the world's biggest cement company, they announced on Thursday. READ  

Transocean's CEO best paid despite firm's woes
Steve Newman: best-paid CEO in Switzerland last year. Photo: AFP

Transocean's CEO best paid despite firm's woes

Steve Newman, president and CEO of Transocean, was the best paid executive in Switzerland last year with compensation of 14.2 million francs ($14.7 million), despite having to quit the company this year in the wake of massive losses, a new report says. READ  

Orange set to ditch name in rebranding exercise

Orange set to ditch name in rebranding exercise

Orange, Switzerland’s third-ranked telecom company, announced on Tuesday that it is changing its name under a rebranding exercise likely to cost tens of millions of francs as it scrambles to catch up to its competitors, market leader Swisscom and Sunrise. READ  

US hits Ticino bank with $211-million penalty
Photo: BSI

US hits Ticino bank with $211-million penalty

Lugano-based bank BSI will pay a $211 million penalty after acknowledging it helped clients create sham identities to evade American taxes, the US Justice Department announced on Monday. READ  

Dufry to buy Italy's WDF to create duty-free giant

Dufry to buy Italy's WDF to create duty-free giant

Switzerland's Dufry group will acquire a majority stake in chief rival World Duty Free (WDF) in a $3.8 billion (3.6-million-euro) deal to create the biggest travel retailer in the world. READ  

Geneva-based UBP acquires Coutts business
Photo: AFP

Geneva-based UBP acquires Coutts business

Swiss family-owned bank Union Bancaire Privée (UBP) announced on Friday that it is acquiring the Royal Bank of Scotland's international private banking and wealth management business. READ  

Switzerland lags behind for internet biz: UN
Image from information economy report. Photo: UNCTAD

Switzerland lags behind for internet biz: UN

Switzerland is relatively plugged into e-business conducted on the internet but it still lags behind Scandinavian countries, Canada, Australia, South Korea and other countries when it comes to ease of online shopping, a UN report released on Tuesday said. READ  

Ex-Greek minister tampered with bank data
Photo: Liana Bitoli

Ex-Greek minister tampered with bank data

Former Greek finance minister George Papaconstantinou was handed a suspended one-year prison sentence on Tuesday after being found guilty of tampering with a Swiss bank list, a court source said. READ  

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