Caroline's Feed
Mar 6, 2015

German parliament approves legal quotas for women on company boards

BERLIN (Reuters) – Germany’s lower house of parliament passed legislation on Friday requiring major companies to allot 30 percent of seats on non-executive boards to women, as a new survey found females remain grossly under-represented in business life.

Although Germany has been led by a woman, Angela Merkel, since 2005, there is not a single female chief executive among the 30 largest firms on Germany’s blue-chip DAX index .GDAXI.

Mar 4, 2015

Saudi Arabia expects oil price to stabilise

BERLIN, March 4 (Reuters) – Saudi Arabia’s oil minister said
on Wednesday he expected oil prices, which hit a near six-year
low in January, to stabilize, signalling cautious optimistism
about the market outlook.

Giving a speech in the German capital, Ali al-Naimi also
urged non-OPEC producers to help balance the oil market, saying
it was not up to Saudi Arabia to subsidize higher-cost producers
and that circumstances required non-OPEC to cooperate.

Mar 4, 2015

Saudi’s Naimi expects oil market to balance, prices to stabilise

BERLIN, March 4 (Reuters) – Saudi Arabian Oil Minister Ali
al-Naimi said on Wednesday he hoped and expected the oil market
to balance and prices, which hit a near six-year low in January,
to stabilize.

In a speech, he said his country was committed to helping
balance the oil market, but added it was not up to Saudi Arabia,
OPEC’s top exporter, to subsidize higher-cost producers and that
circumstances required non-OPEC nations to cooperate.

Mar 4, 2015

Saudi’s Naimi expects oil market to balance, prices to stabilise

BERLIN, March 4 (Reuters) – Saudi Arabian Oil Minister Ali
al-Naimi said on Wednesday he hoped and expected the oil market
to balance and prices, which hit a near six-year low in January,
to stabilize.

In a speech, he said his country was committed to helping
balance the oil market, but added it was not up to Saudi Arabia,
OPEC’s top exporter, to subsidize higher-cost producers and that
circumstances required non-OPEC nations to cooperate.

Feb 23, 2015

German minister warns of European decline if U.S. trade deal fails

BERLIN, Feb 23 (Reuters) – Germany’s economy minister said
on Monday failure to agree a free trade deal with the United
States could lead to a loss of influence for Europe, stepping up
efforts to convince a sceptical public to back the accord.

Sigmar Gabriel urged business leaders to promote the
benefits of the Transatlantic Trade and Investment Partnership
(TTIP), as politicians on both sides of the Atlantic look to
draft a deal before U.S. President Barack Obama leaves office in
January 2017.

Feb 1, 2015

Right-wing firebrand shakes up cosy Swiss politics

MAENNEDORF, Switzerland, Feb 1 (Reuters) – As a child
growing up near the Swiss border with Germany in the early
1940s, Christoph Blocher remembers soldiers camping out in his
family’s garden, ready to defend the neutral nation against a
surprise attack from the Nazis.

The godfather of the right-wing Swiss People’s Party (SVP),
which has unnerved investors with plans to cut immigration and
demote international law, says the experience instilled a fierce
desire to shield Switzerland from external influences.

Jan 28, 2015

Roche falls as dividend, earnings disappoint investors

ZURICH, Jan 28 (Reuters) – Roche offered investors
a lower-than-expected dividend payout on Wednesday and its
earnings fell short of forecasts, sending shares in the Swiss
drugmaker down more than two percent.

Sentiment towards the stock had already cooled towards the
end of last year after two late-stage clinical studies of drugs
for breast cancer and Alzheimer’s disease failed.

Jan 27, 2015

Novartis flags faster sales and profit growth for 2015

ZURICH, Jan 27 (Reuters) – Swiss drugmaker Novartis
forecast sales and profits to grow at a faster pace
this year as recent drug successes and its portfolio overhaul
help it weather the impact of generic competition.

Excluding currency moves, the Basel-based firm on Tuesday
said it expected mid-single digit sales growth and core
operating income to increase at a high-single digit rate in
2015.

Jan 21, 2015

Lonza delays full-year forecast after Swiss franc surge

ZURICH, Jan 21 (Reuters) – Switzerland’s Lonza Group
held off giving a specific forecast for sales and
profit growth this year as it grapples with an unexpected surge
in the Swiss franc after the country’s central bank scrapped its
cap on the currency.

The speciality chemicals and life sciences group is hoping a
three-year restructuring programme that has included plant
closures, job cuts and divestments of low-margin businesses will
continue to bear fruit in 2015.

Jan 18, 2015

Swiss finance minister says economy will withstand loss of cap

ZURICH (Reuters) – Swiss officials sought to reassure the country on Sunday that a shock decision by the central bank to scrap its cap on the franc would not destabilize the economy ahead of a crucial week in which the European Central Bank could announce a massive bond-buying program.

Finance Minister Eveline Widmer-Schlumpf said she expects the exchange rate to settle down at around 1.10 per euro, a level she believes firms in the export-orientated country should be able to withstand.