Caroline's Feed
Dec 1, 2014

Swiss immigration vote flop brings relief but no resolution

ZURICH (Reuters) – The Swiss government avoided a new headache on Sunday when voters rejected a popular initiative to impose radical immigration curbs, but the result is unlikely to lend it any leverage in talks with the European Union related to migration.

Politicians appeared visibly relieved after Swiss voters overwhelmingly turned down proposals to slash annual immigration by three-quarters from current levels – an initiative that could have sabotaged already fraught relations with the 28-nation bloc.

Nov 30, 2014

Swiss voters reject gold, immigration proposals, salvaging EU ties

ZURICH (Reuters) – Swiss voters overwhelmingly rejected proposals on Sunday to boost gold reserves and impose strict new curbs on immigration, averting a potential nightmare for policymakers struggling with a popular backlash against the country’s open borders.

The referendums are part of a recent flurry of initiatives under Switzerland’s model of direct democracy that have had threatened to undermine the non-EU member’s reputation for stability.

Nov 30, 2014

Swiss voters to reject gold initiative: TV projection

ZURICH (Reuters) – Swiss voters looked set on Sunday to clearly reject proposals that would have forced the central bank to buy up massive amounts of gold and imposed strict limits on immigration, threatening close economic ties to the European Union.

Switzerland’s system of direct democracy gives citizens the right to force popular votes if they can gather enough signatures of support. The measures proposed on Sunday reflect a growing sense that traditional Swiss values are under threat.

Nov 6, 2014

Adecco revenue growth slows, hurt by weak France, Germany

ZURICH, Nov 6 (Reuters) – Adecco, the world’s
biggest staffing firm by sales, posted a sharper than expected
slowdown in third-quarter revenue growth, hurt by a weak
performance in France and Germany where the economic outlook has
darkened.

Much of Europe, which accounts for about 60 percent of
Adecco’s revenue, is struggling to maintain economic growth at
the moment, with a recent survey showing euro zone business
activity grew at a sluggish rate in October.

Nov 6, 2014

Drugmakers look to push the boundaries of old age

ZURICH (Reuters) – Google’s ambition to defy the limits of ageing has fired up interest in the field, drawing in drug companies who are already quietly pioneering research, despite the regulatory and clinical hurdles that remain.

In September life-science company Calico, which was set up by Google last year to investigate the aging process, joined with U.S. drugmaker AbbVie in committing an initial $250 million apiece to developing cures for age-related diseases.

Nov 6, 2014

Analysis – Drugmakers look to push the boundaries of old age

ZURICH (Reuters) – Google’s (GOOG.O: Quote, Profile, Research) ambition to defy the limits of ageing has fired up interest in the field, drawing in drug companies who are already quietly pioneering research, despite the regulatory and clinical hurdles that remain.

In September life-science company Calico, which was set up by Google last year to investigate the ageing process, joined with U.S. drugmaker AbbVie (ABBV.N: Quote, Profile, Research) in committing an initial $250 million (156.59 million pound) apiece to developing cures for age-related diseases.

Nov 3, 2014

Holcim profit hit by weak Europe and forex

ZURICH, Nov 3 (Reuters) – Swiss building materials group
Holcim posted a drop in quarterly sales and profits on
Monday as a recovery in India following May’s elections failed
to offset foreign exchange headwinds and weakness in Europe and
Latin America.

The group, which is in the process of merging with France’s
Lafarge, reported higher sales in markets such as the
United States and India, where infrastructure spending has
picked up following the election victory of Narendra Modi who
campaigned to revive stalled construction projects.

Oct 31, 2014

Lonza lowers revenue forecasts on weak water business

ZURICH, Oct 31 (Reuters) – Switzerland’s Lonza
revised down its forecast for full-year revenue growth on Friday
as bad weather weighed on the performance of its water treatment
business.

This is the second time in two years that the water
business, which makes products to sanitize swimming pools,
pulled down the company’s results following a poor 2013. Lonza
acquired the business as a part of its $1.2 billion acquisition
of Arch Chemicals in 2011

Oct 28, 2014

Novartis results top forecasts as new products gain momentum

ZURICH (Reuters) – Swiss drugmaker Novartis AG (NOVN.VX: Quote, Profile, Research, Stock Buzz) reported better-than-expected results on Tuesday, as strong sales of new products and its leukemia drug Glivec helped offset full copycat competition to its former best-selling blood pressure pill Diovan.

The Basel-based firm, in the middle of a radical portfolio revamp, is counting on products launched in the past five years to help support sales as it battles a series of patent losses on top-selling drugs.

Oct 23, 2014

Straumann lifts full-year outlook after strongest sales growth in 15 quarters

ZURICH, Oct 23 (Reuters) – Swiss dental implant maker
Straumann Holding AG raised its profit outlook on
Thursday after notching up its strongest revenue growth in 15
quarters, helped by buoyant demand in the United States, China
and Japan.

The premium dental implant market has show signs of a
turnaround in recent quarters, after the global economic
downturn encouraged consumers in developed countries to postpone
non-urgent dental treatment and trade down to cheaper brands.