Swiss Minister on week-long visit to India

New Delhi, Switzerland’s Economic Minister Doris LeuthardApr 28: Switzerland’s Economic Minister Doris Leuthard will begin her week-long visit to India from today.

The visit is being held to improve access to the Indian market for Swiss firms and for promoting her country as a business destination.

During her visit, she will meet Finance Minister P. Chidambaram, Commerce and Industry Minister Kamal Nath and Science and Technology Minister Kapil Sibal.

Leuthard will be accompanied by a business delegation of 25 people. They will also visit Bangalore, Mysore and Mumbai.

Credit Suisse reports bigger-than-forecast loss

Zurich - Switzerland's second biggest bank Credit Suisse reported Thursday a bigger-than-expected first quarter loss as well as another 5.3 billion Swiss francs (5.2 billion) in write-downs of risky investments as the group battles to lay aside the fallout from the US subprime mortgage market crisis.

The Zurich-based bank posted a loss of 2.15 billion francs during the first quarter compared to a profit of 2.73 billion francs during the first three months of 2007. Analysts had expected the bank to report a first-quarter loss of about 779 million francs.

UBS admits mistakes in subprime mortgage crisisb

UBS admits mistakes in subprime mortgage crisisBasel, Switzerland  -  European bank UBS AG chairman Marcel Ospel faced a stormy shareholders' meeting Wednesday acknowledging that the group had made a mistake after the Swiss financial giant emerged as a major victim of the US subprime mortage market crisis.

The worst hit of its global rivals, Zurich-based UBS has been forced to make more than 37 billion dollars writedowns in assets stemming from the US housing shakeout, which has set shock waves across the world financial sector.

Ospel has already announced his departure and the company has faced calls for it to be split up.

Switzerland returns ancient urn to Greece

Athens - Switzerland map returned a 2,400-year-old funerary urn to Greece on Monday after discovering that it had been taken out of the country illegally, the Culture Ministry said.

The ancient marble oil flask or lekythos was returned to Greece by a Swiss art dealer, who had it in his private collection, after rounds of negotiations.

The funeral lekythos depicts a farewell banquet for the deceased in a classic farewell scene and will be taken to the conservation workshop of the National Archaeological Museum in Athens.

Swiss company opens multimillion-dollar research centre in China

Basel, Switzerland  - Swiss-based international seed and pesticide firm Syngenta said Thursday it plans to open a multimillion-dollar research and technology centre for the development of genetically modified (GM) crops in Beijing.

The company said it would invest around 65 million dollars in the first five years of the project.

The new facility would complement its US centres, it said.

It would concentrate on early-stage evaluation of GM for key crops such as corn and soy to improve yield, drought resistance, disease control and biomass conversion for biofuels, the company said in a statement.

Dragging on - the struggle to ban smoking in Switzerland

smoking banBerne, Switzerland- The land of health spas, muesli and mountain
air, Switzerland remains one of the last havens for smokers in Europe
and there is a powerful restaurant and hotel lobby set on keeping it
that way.

However, while the smoker still holds sway in many restaurants and
bars across most of the country the non-smoker is breaking out of his

So far laws have been brought in piecemeal regionally. Six out of
26 cantons have introduced laws to curb passive smoking with others
planning to follow.

Competition and new choices in the hatchback segment

C-SegmentGeneva - Car makers are launching a spate of new models in the hatchback or c-segment this year with practical family saloons and station wagons pitched against affordable sports cars and luxury models.

Volkswagen's Scirocco sports car will be available in European showrooms soon at prices starting at 21,750 euros (34,419 dollars). The car maker has combined the new design of the three-door car with VW Golf technology such as the transmission and engines in the range 88 kW/120 hp to 147 kW/200 hp. New is the adaptive chassis.

Nestle sells minority share in eye care giant to Novartis

Basel, SwitzerlandNestle - Nestle announced Monday it is to sell a 25 per cent stake in its eye care products company Alcon to Novartis, Switzerland's second largest pharmaceutical company for 11 billion dollars.

Alcon describes itself as the world leader in eye care treatments with sales of 5.6 billion a year in 2007.

The deal, subject to regulatory approval, would give Novartis a minority holding with an option to acquire the rest of the Swiss food company's 52 per cent share holding in Alcon that runs from January 2010 to July 2011.

Musharraf fails to answer "tricky questions" at Davos

President Pervez MuhsarrafDavos (Switzerland), Jan. 25: He may have thought of using his trip to various European capitals to win fresh support for what he was doing in Pakistan, but President Pervez Muhsarraf experienced a tough time on most of the questions put to him on the sidelines of the World Economic Forum here.

Most of the tricky issues remained by and large unanswered.

Pakistan may have hung parliament after Feb polls: Musharraf

Davos (Switzerland), Jan. 25:Pakistan President Pervez Musharraf Explaining his government's plan on transition of power to a civilian set-up at the World Economic Forum being held here, Pakistan President Pervez Musharraf has hinted that a hung parliament could emerge out of the February 18 general elections.

Predicting the possibility of a coalition government with a prime minister at its head, the Daily Times further quoted him as saying that: "We have to go for co-existence in running the political affairs for the sake of stability and well-being of people."

Swiss President begins India visit, pays homage at Rajghat

Swiss President Micheline Calmy-ReyNew Delhi, Nov.7 : Visiting Swiss President Micheline Calmy-Rey was given a ceremonial welcome in the forecourt of Rashtrapati Bhavan this morning at the start of a four day state visit to India which is aimed at strengthening bilateral cooperation in areas like energy, climate change, science and technology, besides  trade and investment.

Drug-eluting stents and bare-metal stents yield similarly low mortality rates: Study

Washington, September 16: A network meta-analysis of 38 randomised controlled trials involving over 18,000 patients suggests that the mortality risks associated with drug-eluting stents and bare-metal stents are similarly low.

Funded by Swiss National Science Foundation, the network meta-analysis was designed to compare the safety and effectiveness of bare-metal stents, drug-eluting stents (Cypher Stent) and the Taxus Stent in a large patient population to increase the ability to detect and understand low frequency events, such as death and stent thrombosis.

Check out More news from Telecom Sector :: Pharmaceutical Sector :: Auto Sector :: Infrastructure :: Real Estate

Syndicate content