Brought to you by Investec Switzerland. The UK’s National Institute for Health and Care Excellence (NICE), says Roche’s breast cancer drug Kadcyla is still too expensive. Although retained for use through the Cancer Drugs Fund, Roche’s breast cancer treatment, Kadcyla (trastuzumab emtansine), will not be recommended for routine NHS use because its price remains too high. NICE’s draft […]
ChemChina looking for money to buy Basel-based chemicals giant Syngenta
Brought to you by Investec Switzerland. China National Chemical Corporation (ChemChina) approached sovereign wealth funds including China Investment Corporation (CIC) to help pay for a potential acquisition of Syngenta AG, which would be the biggest Chinese acquisition ever if it goes ahead, people with knowledge of the matter said. ChemChina, as the state-owned company is […]
Four terrorist risks threatening Switzerland
Tribune de Genève. Based on interviews with Swiss authorities, the French language daily Tribune de Genève sets out four terrorist risk areas for Switzerland. The Swiss Federal Intelligence Service (FIS) has had islamic terrorism on its radar for a number of years. In 2012 the danger associated with Al-Qaida was considered medium, behind PKK extremists. With the advent of […]
Geneva’s Jet d’eau pays tribute to Paris victims
Last night Geneva’s iconic jet of water, the Jet d’eau, was lit red white and blue in tribute to the victims of this weekend’s attacks in Paris. Le jet d’eau de Genève rend également hommage aux victimes des attentats à Paris ❤️❤️ pic.twitter.com/BTA4nOclsn — KangouRo (@Roro080319911) 15 Novembre 2015 @LHallyday @JohnnySjh #TeamHallyday Ce soir #Genève […]
Swiss president speaks out on Paris attacks
In an interview by RTS, Switzerland’s national broadcaster, Swiss president Simonetta Sommaruga strongly condemned the attacks in Paris. She said she was deeply shocked by what happened yesterday evening in Paris and that Switzerland strongly condemns the attacks. Adding that “these attacks are against all our deepest societal and human values. Our hearts are with […]
Swiss-French border controls strengthened after Paris attacks
Tribune de Genève. After the attacks in Paris last night, where according to lemonde.fr at least 128 are dead and 180 wounded the French government decided to control France’s borders. According to the Geneva based daily, border controls have been strengthened between France and Geneva. At the Thônex-Vallard border, the main motorway entry point from France […]
New Swiss vote on EU immigration gets official go ahead
In December last year a group called RASA – an acronym for “out of the dead end” in German (Raus aus der Sackgasse), started collecting signatures for a popular vote that would serve as a Plan B should EU negotiations fail with Brussels over the 9 February 2014 vote to limit immigration from EU countries. […]
European Central Bank hurting Swiss companies
13 November 2015 – Weekly Swiss and global market roundup. Brought to you by Investec Switzerland. The SMI under performed global stocks this week and is expected to finish in negative territory on Friday. Fears that further quantitative easing by the European Central Bank (ECB) will weaken the Euro and undercut the competitiveness of Swiss […]
Swiss Rail to cut 900 jobs
With the help of consultants McKinsey and Company, Swiss Rail has put together plans to shave 550 million off its annual costs by 2020 and 1.75 billion by 2030. As part of the cost cutting, 900 jobs are expected to disappear. In 2014 the company managed to increase operating profits by 1.6% to CHF 314 […]
Swiss stocks miss out on Draghi-driven rallies in rest of Europe
Brought to you by Investec Switzerland. The prospect of more stimulus from Mario Draghi has been boosting most European stock markets. Switzerland has been lagging behind. Hurt by a strengthening franc, the Swiss Market Index has largely missed out on the rally that has added about $6 trillion to equities since the September lows of […]
