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US tax crackdown hits Swiss private banks
Photo (detail): AFP

US tax crackdown hits Swiss private banks

Switzerland's exclusive private banks took a beating last year, in part due to a US crackdown on tax cheats, with more than one third of them posting losses, a study published on Wednesday showed. READ  

Novartis signs global deal for TB treatment
Photo: Sebastien Bozon/AFP

Novartis signs global deal for TB treatment

Swiss-based pharmaceuticals giant Novartis said on Wednesday that it had signed a licensing deal with an international organization that fights tuberculosis. READ  

Glencore Xstrata switches back into black
Photo: AFP

Glencore Xstrata switches back into black

Mining giant Glencore Xstrata reported a sharp improvement in first-half performance on Wednesday, marking a big switch back into profit. READ  

Credit Suisse involved in Portuguese bank troubles
Photo: AFP

Credit Suisse involved in Portuguese bank troubles

Swiss banking giant Credit Suisse on Tuesday confirmed that it had created investment vehicles for scandal-mired Banco Espirito Santo before it was bailed out by the Portuguese government. READ  

Swiss aid in tax probe of former French footballer
Former French international and ex-Chelsea captain Marcel Desailly. Photo: Ilya Khokhlov

Swiss aid in tax probe of former French footballer

The French footballer Marcel Desailly is suspected of hiding money from the taxman in Paris, it emerged on Tuesday. Authorities in Switzerland say they are helping their counterparts in France probe Desailly's accounts. READ  

Austrian province wants Swiss nuclear power halt
Mühleberg nuclear plant. Photo: BKW FMB Energie AG

Austrian province wants Swiss nuclear power halt

The head of the regional Austrian People's Party (ÖVP) in Voralberg, Roland Frühstück, wants to exert pressure on the Swiss government to speed up decommissioning of its aging nuclear power reactors due to concerns over safety. READ  

Business journal owner accused of dodging taxes
Photo: RTS

Business journal owner accused of dodging taxes

The majority owner of L’Agefi, a Swiss financial newspaper, is accused of failing to disclose around 54 million francs ($60 million) in taxable income, according to media reports. READ  

'Suspect killer's body found in Lake Constance'
Photo (detail) of the "Robin Hood" suspect released earlier by Liechtenstein police.

'Suspect killer's body found in Lake Constance'

Liechtenstein police said Thursday that their German counterparts had found what was believed to be the body of a self-styled "Robin Hood" suspected of killing a banker in the Alpine statelet. READ  

Home market drives up Swiss Life net profits
Photo: Swiss Life

Home market drives up Swiss Life net profits

Insurance giant Swiss Life on Wednesday posted better than expected first-half net profit, driven by strong growth in the Swiss market. READ  

Raiffeisen coop bank group ‘too big to fail’
Photo: Raiffeisen

Raiffeisen coop bank group ‘too big to fail’

Raiffeisen, the Swiss cooperative banking group, poses a systemic risk to Switzerland’s economy, the country’s central bank said on Wednesday. READ  

Court rules against Swiss absinthe appellation
Photo: Jack Newton

Court rules against Swiss absinthe appellation

The labels “Absinthe” and “Fée verte” cannot be restricted to such alcoholic beverages made in the Val-de-Travers, a district in the canton of Neuchâtel, the Swiss federal administrative court has ruled. READ  

Insurer agrees to pay back defrauded clients
Vaudoise was a major sponsor of the 2014 Tour de Suisse cycling race. Photo> Vaudoise/Facebook

Insurer agrees to pay back defrauded clients

The Vaudoise insurance group on Monday pledged to reimburse 80 people who lost a total of 2.4 million francs ($2.65 million) from phoney investments sold by an employee of the Lausanne-based company, according to a media report. READ  

Nestlé celebrates 200th birthday of founder
Henri Nestlé in 1867. Photo: Nestlé/Flickr

Nestlé celebrates 200th birthday of founder

Swiss-based Nestlé, the world’s largest food company, celebrated on Sunday the 200th anniversary of the birth of its founder, Henri Nestlé. READ  

European temp work helps Adecco's results
Photo: AFP

European temp work helps Adecco's results

Swiss-based Adecco, the world's biggest temporary staffing group, on Thursday reported a 15-percent rise in net profit for the second quarter of 2014 over the same period a year earlier, as temp work in southern Europe picked up speed. READ  

Job cuts boost insurer Zurich's bottom line
Photo: Zurich Insurance Group

Job cuts boost insurer Zurich's bottom line

Swiss group Zurich Insurance said on Thursday its net profit had jumped 14 percent for the first half of the year compared to the same period in 2013, boosted by restructuring involving 670 job cuts. READ  

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