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Switzerland News

'Credit Suisse subpoened in tax-evasion probe'

New York - 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.
In the Media by AFP

Nestle reports sales slump, blames strong Swiss franc

Z - The world's leading food industry group Nestle saw its sales plunge 5.1 percent in the first quarter, it said on Tuesday, blaming the effect of exchange rates and strength of the Swiss franc.
In the Media by AFP

Glencore Xstrata sells stake in Peru mine for $5.85 bln

Lima - Glencore Xstrata is to sell its entire stake in the Las Bambas copper mine in Peru for about $5.85 billion to a Chinese consortium. The consortium is "owned 62.5 percent by MMG Limited, 22.
In the Media by AFP

Nestle says chairman sick but will continue duties

Geneva - Swiss food giant Nestle 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.
In the Media by AFP

Setback for Haribo in battle with Switzerland's Lindt

Frankfurt - German sweets maker Haribo suffered a legal setback Friday when a court ruled that Swiss chocolate maker Lindt is not infringing on the patent of Haribo's "gold bear" jellies.
In the Media by AFP

Immigration vote has cast shadow over Swiss economy: Nestle

Lausanne - Swiss-based food giant Nestle warned on Thursday that a vote to rein in immigration by EU citizens had cast a shadow over the Alpine country's economy.
In the Media by AFP

Next generation solar plane unveiled in Switzerland

Payerne - The masterminds of sun-powered plane Solar Impulse formally unveiled their new aircraft Wednesday, a year ahead of their planned round-the-world flight.
In the Media by Agnes Pedrero (AFP) - 3 comments

New US tax-evasion probe against Credit Suisse: source

New York - 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 Monday.
In the Media by AFP

Holcim, Lafarge announce merger into global cement giant

Geneva - Swiss cement group Holcim and French rival Lafarge are to merge creating a dominant supplier of cement for concrete to the global construction industry.
In the Media by AFP

Holcim, Lafarge announce merger into global cement giant

Geneva - Switzerland's Holcim and French rival Lafarge announced on Monday that they have agreed to merge, creating the world's biggest cement company.
In the Media by AFP
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View across the lake at Crans-Montana
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Switzerland Blogs

Romney Girl is Calling For Tax Heaven Clearance — Russian Businesses At Stake

The race is officially on, and Obama had been recently formally awarded the nomination to a second term in a...
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Information leaked by one of the real-estate brokerages to Swiss newspapers may be wrong. Originally it has appeared...
Aug 6, 2012 by Bill Pradi

Switzerland will buy Iranian oil in spite of EU sanctions

Switzerland will continue to buy Iranian oil even though there are European sanctions on such purchases that began on...
Jul 7, 2012 by Ken Hanly - 1 comment


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