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Credit Suisse investment bank woes hurt profits
Credit Suisse offices in Zurich. Photo: Credit Suisse

Credit Suisse investment bank woes hurt profits

Swiss banking giant Credit Suisse said on Wednesday that its first quarter net profit took a heavy hit as its investment bank reeled from slumping trading in bonds. READ () »

US regulator seeks more Credit Suisse documents
Photo: AFP

US regulator seeks more Credit Suisse documents

A New York regulator probing Credit Suisse's role in enabling tax evasion has demanded a trove of additional documents from the bank, a person familiar with the situation said Tuesday. READ () »

Ex-footballer Makélélé faces Swiss tax probe
Claude Makélélé in his coaching role last year at Paris Saint Germain. Photo: Wikimedia Commons

Ex-footballer Makélélé faces Swiss tax probe

Former France midfielder Claude Makélélé is facing a tax probe at home and in Switzerland, a filing showed Tuesday, as reports suggested it could relate to his investments in a Geneva football team. READ () »

Strong franc hits Nestlé's first quarter sales
Paul Bulcke: maintains 'organic growth' will improve. Photo: AFP

Strong franc hits Nestlé's first quarter sales

Nestlé, the world's leading food industry group, saw its sales slide 5.1 percent in the first quarter from the same period in 2013, the Swiss-based company said on Tuesday, blaming the effect of exchange rates and strength of the franc. READ () »

Global economy picking up speed: WTO report
WTO's Geneva headquarters. Photo: WTO

Global economy picking up speed: WTO report

Global commerce is set to grow by 4.7 percent this year, the Geneva-based World Trade Organization said on Monday, with recovery in rich economies expected to mitigate risks in developing nations. READ () »

Glencore Xstrata sells stake in Peru mine
Photo: AFP

Glencore Xstrata sells stake in Peru mine

China Minmetals said on Monday that a consortium led by one of its subsidiaries MMG has agreed to buy Swiss-based Glencore Xstrata Plc's stake in the Las Bambas copper mine project in Peru for $5.85 billion. READ () »

‘Soft landing’ seen for Swiss property market
Andreas Höfert. Photo: RTS

‘Soft landing’ seen for Swiss property market

The Swiss real estate market is headed for a “soft landing” more than a hard crash, says an expert from UBS, Switzerland’s largest bank. READ () »

Swiss voters set to sink Swedish jet fighter deal
Photo: AFP

Swiss voters set to sink Swedish jet fighter deal

Swiss voters are set to sink a massive defence deal with Swedish firm Saab to buy 22 fighter planes, an opinion poll showed Friday ahead of a referendum next month. READ () »

Nestlé says chairman sick but will continue
Photo: AFP

Nestlé says chairman sick but will continue

Swiss food giant Nestlé said on Friday that its chairman Peter Brabeck-Letmathe has been diagnosed with an illness requiring six months of medical care, but that he would continue his duties. READ () »

Lindt's teddies gain revenge over jelly bears
Photo: Rolf Vennenbernd/DPA/AFP

Lindt's teddies gain revenge over jelly bears

German sweets maker Haribo suffered a legal setback on Friday when a court ruled that Swiss chocolate maker Lindt is not infringing on the patent of Haribo's "gold bear" jellies. READ () »

Ringier set to take over Le Temps newspaper

Ringier set to take over Le Temps newspaper

Ringier, the largest international media company operating in Switzerland, announced on Friday that it is is taking over Le Temps, the French-language newspaper based in Geneva. READ () »

Nestlé chair warns of immigrant vote impact
Photo: AFP

Nestlé chair warns of immigrant vote impact

Food giant Nestlé warned on Thursday that a vote to rein in immigration by EU citizens had cast a shadow over Switzerland's economy. READ () »

Toyota recalls 18,000 cars in Switzerland
Photo: AFP

Toyota recalls 18,000 cars in Switzerland


Toyota has recalled 18,000 cars in Switzerland as part of a global recall involving more than 6.5 million vehicles. READ () »

Credit Suisse 'faces new US tax evasion probe'
Photo: AFP

Credit Suisse 'faces new US tax evasion probe'

Credit Suisse faces a new probe over its role in enabling US tax evasion, this time from a New York state regulator, a person familiar with the matter said on Monday. READ () »

Liechtenstein murder suspect ‘likely dead’
Jürgen Hermann: police believe he committed suicide. Photo: Liechtenstein national police

Liechtenstein murder suspect ‘likely dead’

Police believe Jürgen Hermann, a fund manager suspected of killing a bank executive early Monday in Liechtenstein, committed suicide later the same day, although investigators were continuing efforts to track him down. READ () »

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