Swiss airline reduces winter flights Swissinfo English Fewer bookings means fewer flights for Swiss International Air Lines, which on Sunday announced it was reducing its winter timetable by nine per cent. | Between the end of October and the end of March there will be 18 instead of 21 flights a week to New York from Geneva or Zurich, confirmed spokesma...
Roche Cuts Tamiflu Price for Developing Countries Wall Street Journal By JULIA MENGEWEIN | ZURICH -- Drug maker Roche Holding AG said Wednesday it will cut the price of its viral drug Tamilflu for developing economies by half and allow them to spread payments over several years. | Under the program, Roche will produce and store Tamiflu pandemic stockpiles for specifie...
Trading house scion Robert Louis-Dreyfus dies The Guardian * Top shareholder in global commodities trading house * Major shareholder in French soccer club Marseille * Dies in Zurich, aged 63, after battle with Leukaemia (Adds details, background) By Jean-Francois Rosnoblet PARIS, July 5 (Reuters) - Robert Lo...
Swiss airline reduces winter flights Swissinfo English Fewer bookings means fewer flights for Swiss International Air Lines, which on Sunday announced it was reducing its winter timetable by nine per cent. | Between the end of October and the end of March there will be 18 instead of 21 flights a week to ...
Geneva banks fight concessions on Swiss secrecy laws to remain afloat Business Report | By Stephanie Baker and Warren Giles | On a hot Saturday morning in May at Rolle yacht club on Lake Geneva, Guy de Picciotto, the chief executive of Switzerland's Union Bancaire Privee, applies sunblock as he rallies a crew of six to race his $600 0...
Europe stocks down for 3rd week, commodities weigh The Guardian * FTSEurofirst 300 index down 0.1 pct; falls for 3rd week * Banks top gainers in thin trade, utilities leading losers * Strategists see no decisive trend change next week By Peter Starck FRANKFURT, July 3 (Reuters) - European stocks fell on Friday, r...
AP / Keystone, Walter Bieri
UBS Plans Stock Sale; Plea Made in U.S. Tax Case Wall Street Journal By DANA CIMILLUCA and RANDALL SMITH | UBS AG, continuing to reel from the financial crisis, said it would post another quarterly loss and raise 3.8 billion Swiss francs ($3.45 bill...
UBS expects to raise $3.5B in new capital Syracuse | (AP) - GENEVA - Swiss bank UBS AG said Thursday it expects to raise 3.8 billion Swiss francs ($3.5 billion) through a new share issue. | UBS said it is offering 293.3 million new...
Swiss manufacturers see no sign of recovery The Guardian * Swissmem pres says does not fully share rising optimism * Financing support may be needed By Sven Egenter ZURICH, June 25 (Reuters) - Switzerland's engineering and metal industry...
Europe biotechs see light at end of funding tunnel The Guardian * Start-ups have struggled to raise cash in downturn * Signs of confidence slowly returning * Big Pharma aiming to take advantage of cheap valuations By Sam Cage GENEVA, July 2 (Reuters) - Some of Europe's cash-strapped biotech companies may just be ...
C.Suisse to pass client names to French regulator The Guardian (Corrects to remove references in first bullet point, first paragraph and sixth paragraph linking Credit Suisse's move in respect of clients holding French securities to compliance with a tax treaty. The bank said the two events were unrelated.) * Af...
Dollar up against euro, yen after China central banker says exchange policy 'stable' Newsday | BEIJING (AP) — The dollar gained against the yen and euro on global markets Monday after chief central banker said there will be no sudden changes in its policy on foreign exchange reserves. | "Our foreign exchange reserve policy is always quite stable. There will not be any sudden changes," Zhou Xiaochuan said Sunday at a conference in Swi...
US dollar ekes out gains in thin trade The Australian | THE dollar eked out marginal gains on Friday in activity made narrow and illiquid by the close of US financial markets for the long Independence Day weekend. Coming off a broad-based rally on Thursday, when an unexpectedly weak US June employment report revived concerns about the economic outlook and triggered a renewed aversion to risk, the doll...
