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Swiss body looks at tax pledge

Business | Banking
2009-11-16

SWISS banks are considering asking some foreign clients to sign a pledge declaring they aren't breaking tax laws at home, a Swiss newspaper reported yesterday. The chairman of the Swiss Bankers Association, Patrick...

Accounting charges put UBS in red

Business | Banking
2009-11-4

SWISS bank UBS AG yesterday reported a third-quarter net loss of 564 million Swiss francs (US$542 million), blaming accounting charges of 2.15 billion francs for keeping it in the red. The Zurich-based bank posted...

Federer to be Expo ace card

Metro | World Expo
2009-10-24

WORLD No. 1 tennis player Roger Federer may appear at the Swiss Pavilion at the 2010 Shanghai World Expo next year "to shake hands with his fans," the top official of the country's Expo showcase said yesterday. ...

US asks Swiss to hand over Polanski

World
2009-10-24

THE United States has asked Switzerland to hand over Roman Polanski to authorities in California, where he could serve up to two years in prison for having sex in 1977 with a 13-year-old girl, Swiss authorities said...

Swiss Re gains as reinsurance prices up

Business | Insurance
2009-9-8

SWISS Re, the world's second-biggest reinsurer, said reinsurance prices were rising overall, lifting its shares nearly 3 percent. The reinsurer also said yesterday it was well placed for the January 2010 renewals. ...

Swiss Life plans to cut jobs despite profit gain

Business | Insurance
2009-8-27

SWISS Life said it is cutting jobs and costs after two investments in Germany failed to yield hoped-for benefits, even as first-half profits beat forecasts. Switzerland's largest life insurer said yesterday it...

Google Street faces privacy challenge

World
2009-8-25

A SWISS government official is demanding that Google Inc immediately take off the Internet any image of Switzerland in its "Street View Maps," and the company said yesterday it would discuss the matter with the privacy...

Tax dodger 'flood' expected in US

Business | Banking
2009-8-21

AN agreement by a major Swiss bank to disclose the identities of thousands of Americans suspected of hiding assets has US tax advisers bracing for a stampede of wealthy tax dodgers looking to come clean. The United...

UBS agrees to provide details of 4,450 accounts to the IRS

Business | Banking
2009-8-20

SWISS banking giant UBS AG agreed yesterday to turn over to the United States Internal Revenue Service the details of 4,450 accounts suspected of holding undeclared assets by American customers, ending an intense legal...

Novartis begins human trials in push for swine flu vaccine

World
2009-8-6

SWISS drugmaker Novartis has begun injecting its swine flu vaccine into people in the company's first human tests, a spokesman said yesterday. The vaccine is being tested in a yearlong trial of 6,000 people of...