Article | May 20, 2012 - 9:28pm
Swiss drugmaker Novartis said it would investigate alleged drug approval irregularities after an Indian parliamentary report found the country's regulator colluded with pharmaceutical firms to speed up approval procedures, Swiss Info reported.
Article | May 20, 2012 - 9:23pm
The Money Laundering Reporting Office Switzerland (MROS) registered a significant increase in the number of incoming suspicious activity reports (SARs) in 2011. MROS received a total of 1,625 SARs, an increase of 40% over 2010.
Article | May 13, 2012 - 10:40pm
Swiss Re, the world’s second largest reinsurer, has reported profits of $1.1 billion (1 billion Swiss Francs) for the first quarter, driven in part by lower-than-expected claims for major natural disasters. The result compares to a loss of $ 655 million for the same period in 2011, Swiss info reported.
Article | May 6, 2012 - 10:22pm
Swiss electronics manufacturer Logitech's profits fell 44% last year, the firm said, adding that it had cut two executive positions in a bid to reverse the slide, The Local reported.
Article | April 29, 2012 - 9:34pm
Swiss food and drink giant Nestle has announced a deal to acquire Pfizer’s infant-nutrition business for $11.85 billion (10.8 billion Swiss Francs), Swiss Info reported.
Article | April 29, 2012 - 9:32pm
Japan's biggest coffee company UCC Holdings Co said on 23 April it will acquire all of Switzerland-based United Coffee for around $ 617 million, in a move that will help the Japanese firm significantly boost its overseas exposure, it was reported.
Article | April 29, 2012 - 9:30pm
The job losses at biotech firm Merck Serono were part of a wider restructuring plan "to create a leaner, more agile organisation," the company said in a statement.
Article | April 24, 2012 - 11:38am
Governments and public authorities are not doing enough to counter the current wave of discrimination against Muslims in Europe, a new report has found.
Article | April 22, 2012 - 9:45pm
Switzerland and Austria have clinched a bilateral deal aimed at legalising undeclared assets in Swiss banks and introducing a withholding tax, Swiss Info reported on 13 April.
Article | April 15, 2012 - 7:46pm
A major Swiss cheese label organisation and a leading dairy producer are at odds over a sales offensive on the United States market, Swiss Info reported on 11 April. Le Gruyere AOC, representing more than 170 producers of the famous cheese, criticised the Emmi dairies of damaging the special origin label.
Article | April 8, 2012 - 8:46pm
The Swiss Employers Association has rejected union demands for minimum salaries and demanded pension reform, Swiss Info reported.
Article | April 8, 2012 - 8:43pm
Power Integrations, the leader in high-voltage integrated circuits for energy-efficient power conversion, on 2 April announced that it has signed an agreement to acquire privately held CT-Concept Technologie AG for about 105 million Swiss Francs in cash, or about $115 million, net of cash assumed, RTT News reported
