Edition:
United Kingdom

John Revill

Drugs firms, energy output lift Swiss quarterly economic growth

28 Nov 2019

ZURICH Rising output from Switzerland's flagship pharmaceuticals industry and production of hydroelectric power helped the Swiss economy grow faster than the neighbouring euro zone in the third quarter, masking a slowdown in other parts of the economy.

Swiss National Bank's Maechler says negative interest rates vital

20 Nov 2019

ZURICH Negative interest rates remain "absolutely necessary" for Switzerland, Swiss National Bank governing board member Andrea Maechler said on Wednesday, as pressure mounts on the central bank to change course from its ultra-expansive monetary policy.

Euronext, SIX Group square up for battle for Madrid bourse

18 Nov 2019

PARIS/ZURICH Pan-European stock market operator Euronext and Switzerland's SIX sparked a bidding war for Spain’s Bolsas y Mercados Espanoles (BME) on Monday, with both trying to snap up one of Europe’s last standalone stock exchanges.

UPDATE 3-Euronext, SIX Group launch battle for Madrid bourse

18 Nov 2019

* SIX offers 34 euros per share, implied value 2.84 bln euros

Swiss National Bank still ready to make currency interventions - Maechler

14 Nov 2019

ZURICH The Swiss National Bank remains ready to buy foreign currency to support its ultra-loose monetary policy - a necessary stance in an environment "clouded by considerable uncertainty", SNB Governing Board member Andrea Maechler said on Thursday.

Swiss drugs group Lonza left leaderless by second CEO's sudden exit

12 Nov 2019

ZURICH Lonza lost its second chief executive in less than a year on Tuesday, leaving the Swiss contract drug manufacturer looking for a new leader to revamp its stagnating specialty ingredients business and build its biotech manufacturing.

Siemens cautions about 2020 after beating quarterly forecasts

07 Nov 2019

Munich, GERMANY Siemens sounded a cautious note about the global economy over the next 12 months after booming industrial software sales helped the German engineering company beat forecasts during its fourth quarter.

Staffing firm Adecco feels chill on hiring from economic slowdown

05 Nov 2019

ZURICH Uncertainty caused by the U.S.-China trade war, a weakening automotive sector and Britain's exit from the European Union has caused companies to cut spending on hiring staff, Adecco Group said, as it reported a drop in third-quarter revenue.

OECD cuts forecast for Swiss economic growth citing trade tensions

04 Nov 2019

ZURICH Swiss economic growth will slow to 0.8% in 2019 and remain below the country's long-term average next year, the OECD said on Monday, citing increasing risks from low interest rates and international trade tensions.

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