Edition:
India

John Revill

CORRECTED-ABB division attracts interest from industry buyers -sources

24 Nov 2020

FRANKFURT/ZURICH, Nov 19 ABB's clutch and transmission manufacturer Dodge had already attracted interest from potential bidders before the Swiss engineering group announced it was exiting the business, people familiar with the matter told Reuters on Thursday.

Swiss to vote on banning the funding of weapons makers

23 Nov 2020

ZURICH Swiss voters decide on Sunday whether to ban the funding of arms makers, the latest anti-military referendum in the neutral country that hasn't fought an external war for 200 years.

Swiss to vote on banning the funding of weapons makers

23 Nov 2020

* Swiss referendum to consider end to funding of arms producers

Engineering group ABB's divestment plan receives cool market reception

19 Nov 2020

ZURICH Engineering group ABB's plan to offload three of its most profitable businesses, announced on Thursday, was met with disappointment by analysts who described the strategy as unambitious.

Swiss demand pay cuts from sports clubs in return for COVID aid

18 Nov 2020

ZURICH Switzerland demanded 20% pay cuts from top players and coaches in return for aid to sports clubs pushed to the brink of collapse by vanishing ticket sales during the COVID-19 pandemic.

Swiss liquidators ramp up hiring as zombie firms face wave of COVID bankruptcies

17 Nov 2020

ZURICH As employers shed and furlough staff in an effort to stay afloat during the COVID-19 pandemic, one employer in Switzerland has launched a recruitment drive - the Zurich liquidation service.

Swiss liquidators ramp up hiring as zombie firms face wave of COVID bankruptcies

17 Nov 2020

ZURICH, Nov 17 As employers shed and furlough staff in an effort to stay afloat during the COVID-19 pandemic, one employer in Switzerland has launched a recruitment drive - the Zurich liquidation service.

Siemens cautious on recovery as CEO Kaeser steps aside

12 Nov 2020

ZURICH German engineering group Siemens gave a cautious outlook on its recovery from the COVID-19 pandemic, saying on Thursday it expects government and company investments next year to lag the global rebound in economic growth.

Dollar decline adds to headache for Swiss central bank

09 Nov 2020

ZURICH, Nov 9 The Swiss franc rose to a five-year high on Monday against a fast-falling dollar, creating a headache for the Swiss National Bank as it battles to keep a lid on its currency.

Swiss finance minister rules out tax hikes to pay for COVID-19 relief

04 Nov 2020

ZURICH Switzerland's finance minister pledged not to raise taxes next year to pay for the measures to support the economy during the COVID-19 crisis, adding the country instead must keep a tight grip on spending.

World News

Biden picks diverse team of top economic advisers

President-elect Joe Biden named former Federal Reserve Chair Janet Yellen as his Treasury secretary nominee on Monday, and named three women to other top economic posts, setting the stage for a more diverse White House.