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Archive for Wed, 04 Nov 2015

Strong franc eats into chocolate-maker's profits

Strong franc eats into chocolate-maker's profits

Swiss chocolate and cocoa giant Barry Callebaut on Wednesday posted annual sales sweetened by rising cocoa prices, but the impact of a stronger Swiss franc ate into its profit.

Glencore sells silver output to cut debt

Glencore sells silver output to cut debt

Debt-laden Swiss mining and commodities giant Glencore is selling a share of its future silver output to help reduce its towering debt, as its copper production has taken a hit.

Basel cops seize cocaine from coffee container

Basel cops seize cocaine from coffee container

Police officers from the canton of Basel-Country discovered bags of cocaine valued at 70 million francs ($70.6 million) while making a routine check of a shipping container containing Brazilian coffee.