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Richemont confirms financial losses cut profit
Photo: Richemont

Richemont confirms financial losses cut profit

Geneva-based Richemont, the world's second largest luxury goods group, confirmed on Friday that its annual net profit fell by more than a third due to losses on financial instruments. READ  

Monsanto spells out bid for Syngenta takeover
Syngenta sign at the company's Les Barges test site, near Vouvry in the canton of Valais. Photo: Fabrice Coffrini/AFP

Monsanto spells out bid for Syngenta takeover

US agriculture and seed giant Monsanto said Wednesday that it would sell Syngenta's seeds and traits assets to address regulatory concerns if the Swiss company accepts its takeover offer. READ  

Coop plans new logistics centre near Lausanne
Artist's impression of new Coop centre in Aclens-Vufflens. Photo: Coop

Coop plans new logistics centre near Lausanne

Coop, Switzerland’s second largest retailer, is planning to build a new logistics and administrative centre for western Switzerland in the canton of Vaud at a cost of 88 million francs, the canton announced on Wednesday. READ  

Cement CEO roasted for bonus linked to job cuts
Photo: AFP

Cement CEO roasted for bonus linked to job cuts

Lafarge chief executive Bruno Lafont has been awarded a €2.5 million ($2.8 million) bonus for the successful merger with Swiss rival Holcim as the cement company announced job cuts. READ  

UBS pays $545 million over FX and rate fraud
Photo: Martin Abegglen

UBS pays $545 million over FX and rate fraud

UBS, Switzerland's largest bank, says that it will plead guilty to fraud in the US for manipulating benchmark interest rates and pay $545 million in fines and penalties. READ  

Actor sues French daily over Swiss bank claim
Malkovich signing autographs at the Zurich Film Festival last year. Photo: Zurich Film Festival

Actor sues French daily over Swiss bank claim

John Malkovich has filed a defamation suit against French daily Le Monde over Swissleaks reports the US actor says incorrectly stated he owned a secret Swiss account, his lawyer said Monday. READ  

I never learned German: Credit Suisse CEO
American expat Brad Dougan: 'I was too busy.' Photo: AFP

I never learned German: Credit Suisse CEO

After working for eight years in Zurich as the CEO of Credit Suisse, Switzerland's second largest bank, Brady Dougan admits he has not learned to speak German. READ  

New Syngenta bid from Monsanto anticipated
Syngenta headquarters in Basel. Photo: Syngenta

New Syngenta bid from Monsanto anticipated

Swiss farm chemicals giant Syngenta's shares made further gains on Monday as market analysts weighed the chances of a higher bid from US rival Monsanto after its offer was rejected last week as being too low. READ  

Syngenta turns down Monsanto takeover offer
Syngenta biology building in Stein, Switzerland. Photo: Syngenta

Syngenta turns down Monsanto takeover offer

Swiss farm chemicals powerhouse Syngenta said on Friday it had rejected a $45-billion takeover bid by US seed giant Monsanto, saying the offer was too low. READ  

Top execs quit Adecco amid improved results
Photo: AFP

Top execs quit Adecco amid improved results

Swiss-based Adecco, the world's biggest temporary staffing group, said on Thursday that both its chief executive and finance chief have quit, as it posted strong first-quarter earnings on the back of improving sales in Europe. READ  

Ticked off Rolex slaps Italian PM on wrist
A demonstrator throws a smoke bomb to police in downtown Milan, during a demonstration against the Universal Exposition Expo Milano 2015. Photo: AFP

Ticked off Rolex slaps Italian PM on wrist

Geneva-based Rolex has accused Matteo Renzi of damaging its brand after the Italian Prime Minister described protestors who ran amok in Milan last week as spoilt brats with a penchant for the Swiss company's luxury watches. READ  

Geneva issues cloud positive HSBC results
Photo: AFP

Geneva issues cloud positive HSBC results

Scandal-hit global bank HSBC on Tuesday posted rising quarterly profits, but added regulators have requested more information about its controversial Geneva-based private bank. READ  

UBS's healthy Q1 profit exceeds forecasts
Photo: UBS

UBS's healthy Q1 profit exceeds forecasts

UBS, Switzerland’s largest bank, on Tuesday reported higher than expected profits for the first quarter of 2015 of almost two billion francs, virtually twice as high as the same period a year earlier. READ  

Italians arrest ex-Swiss banker for 'tax fraud'
Dollfus is based in Lugano, the third largest banking centre in Switzerland after Zurich and Geneva. Photo: Switzerland Tourism

Italians arrest ex-Swiss banker for 'tax fraud'

Authorities in Milan said on Monday that they have detained a former Swiss banker for allegedly helping wealthy Italian clients evade taxes and launder large sums of money, including the proceeds of embezzlement.
 READ  

Central bank records massive losses for Q1
Photo: AFP

Central bank records massive losses for Q1

Massive losses in currency exchange holdings led to the Swiss National Bank losing 30 billion francs in the first quarter of 2015, the central bank reported in interim results on Thursday. READ  

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