Business & Finance Archives - Page 19 of 76 - The Swiss Times

Business & Finance

Switzerland’s Economy Boasts CHF 61 Billion Surplus

Switzerland's economy demonstrates resilience with a CHF 61 billion current account surplus in 2023.

ABB Share Buyback

ABB Share Buyback Completion: New Round of Buybacks Start

ABB wraps up its share buyback program from April 2023 and unveils plans for a new USD 1 billion buyback.

Fenaco and Bison IT Merger Announced

Fenaco aims to streamline IT services by merging Bison Schweiz AG with Fenaco Informatik.

Komax

Komax Group Expands in China with Strategic Acquisition

Komax Deepens Its Roots in China's E-Mobility Landscape Keystone/GORAN BASIC Komax Group, a titan in automated wire processing and innovative manufacturer based in Lucerne, has made a strategic move to cement its presence in the Chinese market.

Corporate Governance: SoftwareONE’s Boardroom Battle

SoftwareONE faces a boardroom tussle, highlighting the intricacies of shareholder rights, corporate governance, and the quest for control.

ProSiebenSat.1: Major Shareholder MFE Pushes for Company Split

ProSiebenSat.1 faces a pivotal moment as MFE, its major shareholder, advocates for a division, emphasising a focus on entertainment.

SNB Surprise Interest Rate Cuts: Experts Proved Wrong

In a surprising move, the SNB lowers its key interest rate amid declining inflation and a stronger Swiss franc.

Swiss Equities

Swiss Equities Surge as Investors Await US Fed’s Decision

Swiss equities rise in anticipation of the US Federal Reserve's rate decision. Keystone/CHRISTIAN BEUTLER In a market buoyed by anticipation, Swiss Equities experienced a modest uplift, closing 0.

Galderma IPO

Galderma IPO Hits Upper Limit with Strong Demand

Galderma's IPO soars, setting the issue price at 53 francs amid overwhelming demand.

Swatch CEO Nick Hayek Earns 6.7 Million Francs

Swatch Group CEO's salary rises as the company marks a profitable year, with a strategic focus on Swiss production and innovation.

Hail Damage Costs Farm Insurance CHF 30 Million

Swiss agriculture faces a harsh year with CHF 30.8 million in damages due to hail.

Spineart’s Milestone: CHF 20 Million in Convertible Financing

Spineart secures a pivotal CHF20 million in convertible financing Keystone/GAETAN BALLY Spineart has successfully raised over CHF20 million through convertible financing, marking the company's innovation and success in spinal surgery.

Olma Messen St. Gallen AG: Navigating Through Financial Challenges and Growth

Olma Messen St. Gallen AG celebrates a notable operating profit amidst financial challenges, and gearing up for expansion.

Zug Generates Higher Profit Than Budget Last Year

Zug's 2023 state accounts surpass expectations, largely driven by robust corporate tax income.

SIX Acquires Stake in Index Technology Provider Bita

SIX bolsters its global indexing and technology presence by acquiring a stake in German firm Bita.

Ferag and Chinese Firm Geek+ Partner For Robotic Logistics

Ferag APAC collaborates with Geekplus on logistics in Asia-Pacific. Keystone/STEFFEN SCHMIDT Geekplus, a frontrunner in mobile robotics and intelligent logistics solutions, unveiled their latest partnership with Ferag APAC.

Signa Retail Sports Declares Bankruptcy

René Benko's Signa empire faces another setback as Signa Retail Sports Holding GmbH declares bankruptcy.

Lonza Purchase a Large Plant in the US

Lonza's move to purchase Genentech's Vacaville plant for $1.2 billion marks heavy investment in the their manufacturing landscape.

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